‘NUMISNET WORLD’


Volume 18 Issue 7      Formerly published as the 'Tasmanian Numismatist' - Internet Edition' (Est. 1996)     July 2013


'NUMISNET WORLD'

INTERNET EDITION

Edited by Graeme Petterwood. © 2013.

COPYRIGHT.

The contents of this independent Internet newsletter, and all prior issues - included the 'Tasmanian Numismatist - Internet Edition' - are copyrighted ©, but anything herein can be fairly used to promote the great hobby of numismatics; however, we do like to be asked by commercial interests if they wish to use any of our copy. This permission, however, does not extend to any article specifically marked as copyrighted © by the author of the article.

Explicit permission from the author, or the Editor of the  NumisNet World' '(Internet Edition) newsletter, is required - in writing - prior to use of that material.

 

All or any prices quoted in articles in this free newsletter, unless stipulated, are estimates only and they should not be considered to be an offer to sell or purchase the items mentioned or used as illustrations. Wherever possible - illustrations (*enlarged or otherwise) are from the authors' own collection - or the extensive picture library of the former 'Tasmanian Numismatist' -  Internet Edition © 1991 - 2007.  and the  'Numisnet World' - Internet Edition. © 2007 - 2013.  

Krause-Mishler (KM) Standard and Specialized World Catalogs (also including 'Pick' banknote numbers) - and McDonald and/or Renniks Australian catalogue numbers - are used where applicable.

*Please note that the photoscans of items are not always to size or scale. (Fair 'acknowledged' use of any original scan is allowed for educational purposes.)

 

Please, also, consider my conditional invitation, to make a literary contribution, if you feel you have something numismatically themed that may appeal to a general level of interest - and fulfils our stated editorial guidelines. As Editor, I am always prepared to look at it - and if need be - assist in additional presentation. However, please be aware that not every submission will be automatically accepted for publication. 

We regret the imposition of 'editorial control' - but previous experience has necessitated the following conditions.

If common courtesy, and normally acceptable moral standards are not upheld, or, the subject matter is considered to contain plagiarized or defamatory content, or, if it is not considered 'generic' enough for this type of newsletter, or, if the subject has already been covered in depth in earlier editions - it may be refused, held aside or selectively edited. This is, obviously, not a scientific-style journal - our object is to educate, certainly - but, hopefully, in an entertaining way for the average hobbyist collector.  - G.E.P.

 

PLEASE NOTE - RE-STATED DISCLAIMERS:

Where on-line web-site Links or addresses are supplied, they are done so in good faith - however, our readers are advised, that, if a personal decision to access them is made - it is at your own risk.

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 ‘THE ROSES AMONGST THE THORNS’

by Graeme Petterwood  © 2013.

 

As aware collectors, we should give some regard to the plethora of commemorative NCLT coins - particularly those early issues from between 1980 and the early 2000’s.

 

COMMEMORATIVE COINAGE

This deviation from the norm is not unique to recent Australian coinage history, as several very attractive old Imperial era commemorative coins exist and command extra premiums in the market place.

(Illustrations have been enlarged for ease of viewing and will vary in size to actual coins.)

 

Sterling Silver Australian Coinage.

1927 - Opening of Canberra’s Parliament House Florin (2 Shillings). 1937 - King George VI - Commemorative Crown (5 Shillings). 

1934-35 - Victoria - Melbourne Centenary Florin (2 Shillings.) 1951 Anniversary of Federation. 1954 Royal Visit.

 

I have also strongly suggested that our earlier modern decimal coinage needs a second look - even if it is a retrospective glance over our shoulders. Time marches on - and our memories are now becoming history to a younger generation of accumulators!

Initially, in 1966, with the introduction of decimal coinage, the Mint had followed tradition and issued the first 5 low denomination circulation coins - 1, 2, 5, 10 and 20Cents as replacements for pre-decimal values of 1 Penny, 3 and 6 Pence, 1 and 2 Shillings.

The new coin was the 80.0% Silver 50Cent - which was equivalent to 5 Shillings.

Silver (92.5% Sterling) coins of this denomination were last issued as large-size Crown items in 1937 and 1938 (see pic. above)

However, due to the rapidly escalating price of Silver, in late 1966, the Round 50 Cent was quickly withdrawn and, eventually, replaced in 1968 with a Copper-Nickel 12 sided coin.

 

 

The 1966 basic circulation coinage range as first issued.

Bronze, Copper-Nickel and 80% Silver from One Cent - 50 Cent.

 

The Mint had started their decimal commemorative issue program of Copper-Nickel 50Cent coins with a bicentenary anniversary issue in 1970 that depicted -  ‘Captain Cook -  Discovery of Australia 1770’.

   

The Aluminium-Bronze $1.00 commemorative range commenced in 1986 - with the ‘Year of Peace’ coin, and - by 1995 - another low value circulation coin was issued - the 20 Cent ‘United Nations - 50thAnniversary’ - which is now somewhat hard to come by.

Eventually, there would be tonnes of these low value special from the normal design coins - in virtually ‘uncirculated’ condition - gathering dust - in most Oz communities. Many of these ‘special’ coins disappeared into ‘kitchen drawers’ as the numismatically-uneducated, Australian public - unused to this concept on a grand scale - commenced to hoard them as future ‘heirlooms for the kids’…….!

Fifty Cent commemorative circulation coins

Settlement of Australia 1788 - 1988 and Centenary of Federation 2001

 

The Mint soon realized it had a ‘saleable’ theme idea - and, what’s more, it was subject to seignorage* - and the ‘powers-that-be’ made a momentous decision regarding future issuing procedures.

We were soon getting ‘commemorative’ 50 Cent circulation coinage issue on a fairly regular basis - a practice which was extended to other suitably-sized coins (refer pic. below) - and it continues to this day.

 

*(‘Seignorage’ is the technical name for the process that occurs when a relatively economically-made item - such as a coin - is removed from the market, without financial redemption of its purchasing face-value, and put aside as a curio or part of a collection.

It seems complicated, but, ultimately, this makes a small percentage of profit for producers on each item that is not redeemed or used for its intended purpose. Multiply this small profit by many 000’s of times and it is a worthwhile sum.)

 

A selection of made for general circulation commemorative decimal coins

 

Special coins, such as individually-presented Proofs and Uncirculated Mint Sets, were also produced and issued - at premium prices - to interested buyers - but, in small enough quantities, to keep them desirable enough to those investor/numismatists with a greater financial interest in their gathering habit. These fall into the category of Non-Circulating Legal Tender (NLCT).

 

During the next few years, as the program gained momentum, the more specialized area of strictly NCLT coinage became very collectable and yet it still remained iconic enough for most traditionalists - even though it was becoming obvious that it was now too expensive to maintain a full collection of Mint releases.. (Refer next article).

In fact, even to list all the Mint products in this area of numismatics would be an onerous task for most average collectors - including this writer - so I have left it to the experts. My personal recommendation is - buy one of the excellent Australian coin and banknote  catalogues that are available each year.

It wasn’t long before the first of many schisms started to appear in the ranks of small ‘n’ numismatists who couldn’t match the pace - nor the increasing prices - that the Mint was setting. The prices of the three major precious metals used in NCLT coinage had started to rise dramatically - and had to be passed on - and this priced many people out of the market!

It is also a fact that the retail return on some issues did not live up to expectation. (refer next article)

 

1996 - 1997 - 1998 NCLT 99.99% Fine Silver Dollar coins. 

Depicting the introduction of Decimal currency and the old and new Parliament House buildings (Canberra) 

Classified as ‘Subscription’ coins - they were individually presented and boxed. (See packaging below.)

 

The practice of the 3 tier issuance of Circulation coinage plus Uncirculated and Proof Sets - showing our basic coin range - continued for some time before slight variations were introduced in the higher value coins in the sets available from the Mint and selected dealers.

This soon became the norm, as the Mint - which had progressed to full marketing mode - was able to ‘cash in’ on the contrived differences in Uncirculated and Proof Set issues (refer illustration below) - particularly in the 50 Cent and $1.00 coins -  that had lost their true relevance to the coinage we actually had in circulation*.

 

 

1980 - 2001 Proof sets - showing special coin variations

 

*In this writer’s humble opinion - whilst these Proof Sets are often no longer completely worthy of the concept of their original titles - they are attractive enough, individually, to still be desirable -  in most cases….! Read on…!

In the early-mid 1980’s, Australian subscribers to Mint products started to see advertisements for individual coins, new denominations, precious metal sets or series that would never be even, vaguely, mistaken for our circulation issues.

 

NOT TO BE FOUND IN POCKET CHANGE!

NON-CIRCULATING LEGAL TENDER. (NCLT).

Although the accumulation of these types of coins is now well-established, there is an opinion that the habit is, perhaps, falling victim to its own successes.

The old trading adage regarding over-supply and overpricing - holds good in all sorts of situations - and, eventually, the essential investment shine starts to wear thin for the true coin collector who is now becoming ‘choosy’. This trend has filtered through to the Mint - who answered the message by increasing the variety issued and limiting the production amount to artificially maintain the price level. A clever business ploy that seems to have worked - and has created the new brand of collector.

Largely ‘bypassed’ now - and, often considered to be either ‘over’ or ‘under’ valued in the secondary market-  when considered against their original purchase prices - there still are quite a few of the early issue traditional collector-attractive bits ‘n’ pieces available in the market-place that fit somewhere into this confusing numismatic category.

 

There is a two decade time-slot from 1982 - 2002 that contains the first modern defining steps in production of coins that are not made for basic circulation but made to be retained by collectors as fine samples of the minters’ arts - or to commemorate a particular place or event.

We could have used the more dramatic and colourful terms that are often used by the many collectors of Australia’s early Non-Circulating Legal Tender (NCLT) coinage, in the higher denominations, to vividly describe their experiences in choosing to accumulate these coins as an investment that is proving to be a ‘long - long - long-term’ commitment - but this in a family newsletter -  and ‘burnt fingers’ - particularly those involving money - tend to etch the experience deeply into the numismatic psyche and provoke comment. Regrettably, the previous negative observations - and their reality - were ‘close enough to the bone’ to have had some validity. For some it was not a happy involvement - but - hopefully, that could change ……

In our search for those few lost ‘roses amongst the thorns’ - we need to start at the beginning.

 

The items initially introduced, as commemoratives, ranged from Aluminium-Bronze $5.00 though to various base-metal bi-metallic issues. Although bi-metal production seems to have diminished in popularity in recent years, several very attractive pieces were introduced during the pre- Millennium period. (see illustration below.)

In some instances, the Mint co-operated with the Australian commercial world - i.e. the Commonwealth bank (see below) - and supplied items for private packaging and distribution. However, in the main, these items are marketed directly by the Mint and selected retail outlets - such as Australia Post shops - and dealer agents usually located in capital or major cities.

 

       

1988    Al-Br. 38.74mm. $5.00 CBA packaged coin.

Opening of New Parliament House by Queen Elizabeth II (other packaging issued).

 

2000 Victoria Cross commemorative Al-Br. One Dollar coin

(Folder & Sleeve).

 

Precious metals and, more recently, attractive enamel applications have since overwhelmed the ‘bronze and nickel’ bi-metal combinations - due, presumably, to the relatively easier manufacturing requirements.

More recently, during this last decade, the metal range was expanded considerably to encompass more precious and ‘in demand’ elements such as Sterling Silver (92.5%), Fine Silver and Gold (99.99% pure) - and - the denomination range was extended to more accurately convey the bullion coins’  intrinsic values.

The earliest NCLT $5 and $10 coins were deliberately made in sizes that would not be easily confused with our basic circulation range - but, occasionally, items that are close in appearance do sneak into pockets and tills as inherited collections are broken up by novices - so, always be alert when handling small change!

 

The Sterling Silver $10 State Series coins were 20 grams in weight and 34mms in diameter - this was considerably heavier and larger than any similar looking circulation coin - such as the Copper-Nickel 20 Cent (11.31grms. 21.52mms), The older Sterling 92.5% or later 50.0% silver Florin - valued at two Shillings or 20 Cents (11.31grms. 28.5mms.) for instance were also still found in circulation - and, at first glance, the $10 State coin could - possibly - be mistaken for this lesser value circulation coinage   

 

We must also remember that even though they are classified as ‘non-circulating’ - these special coins are still officially ‘legal tender’ - and can be lawfully tendered, at the nominated face value, at a banking institution in compliance with Australian banking regulations.

I also know of several instances where intended-to-be-kept Proof coinage had been used to make small purchases and pay small debts - some of which has found its way into my clutches (see below).

 

The early NCLT designs were mainly basic and traditional - although some were already showing imaginative influences in the portrayal of iconic places, momentous and historic events.

In the past few years, however, virtually ‘anything’ has become a fair topic for a short term, limited release precious metal coin series - and, whilst attractive, they are usually very expensive limited editions, and most older traditional numismatics tend to consider them as ‘pop-art’ productions.

However, it is now a case of ‘horses for courses’ - and ‘pop-art’ or not - they do have a considerable ‘following’ of modern investor/collectors.

 

Various forms of packaging and individual presentation 1994 - 2002.

 Carded Bi-metal AUD$5.00 uncirculated coins were produced by the Mint and also distributed through selected agents.

Proof coins were usually boxed and encapsulated. (see illustrations in previous article above.)

 

As collectors, we all know that Mint coin presentation has improved immensely - from the simple plastic sleeves and coin-flap releases of the mid 1980’s (shown below) - to the point that it is considered essential that we should now retain some of the external packaging to maintain protection of the descriptive sleeve, flap or folder that encloses the actual specimen.

Ignore this at our peril!  Packaging now must be accepted as part of the price structure of the product. The newer presentation used to promote these NCLT items has gradually become, absolutely, world-class.

 

1985 - 1987 AUD$10 State Series coins

Sterling Silver (92.5%) -

These were originally enclosed in plastic folds and in cardboard and heavy paper protective outer envelopes.

Some of these iconic ‘anniversary’ or ‘place’ issues are periodically re-visited and the event is up-dated and re-presented - as it the practice - often in another coin denomination or metal format. As new ‘anniversaries’, ‘events’, and ‘places’ are being celebrated, during these forthcoming years, the earlier ones are being pushed back into the shadows of numismatic history, and - as mentioned at the start of this article - are being overlooked by the new generation of collectors who are now being ‘dazzled by the glare’ of the plethora of new releases!

1988 Bi-centennial $10 Sterling Silver Uncirculated Coin

(Typical 7.5cms. x 8.5cms. plastic fold - with minting specifications.)

 

 

The picturesque (16 cms x 12.5 cms.) protective sleeve concept - for the Australian State Series of Sterling Silver $10 NCLT coins that were complete with mintage details - was used from 1989.

Tasmanian State Series $10.00 Sterling Silver coin.

(*Launceston’s ‘Penny Royal’ tourist complex is now temporarily closed.)

 

In the years, since the start of this millennium, we have seen this NCLT plethora cascade into a virtual flood of publicly-appealing commemorative items of beauty to attract the new type of investor-collector - some of whom are  are using their accumulations as possible 'superannuation nest-eggs'!

It has become so prevalent that it has divided the numismatic community to some degree - however, our hobby has always been growing and evolving - and this can be construed as another step in that evolution…!

The question we ask, well may be - will this new tendency of collecting the pretty trinkets of precious metal coinage create a new numismatic field or gradually drift away into the broader area of expensive exonumia such as gathering decorative ingots?

Only time will tell!.

'Happy Retirement' 

One Ounce 99.99% Fine Silver Ingot

 

2004 Bicentenary of Tasmania $5 Uncirculated coin.

This uncirculated presentation was available with the ‘H’ mintmark as applied at the Mint - and, also an ‘H’ mintmark applied by the mobile press.

 

Modern Australian coin and banknote catalogues - issued by leading numismatic author Greg McDonald - and also those by Renniks Publications (various specialist editors) - are ideal references for a full and detailed listing of the coins.

These respected compact listings can be purchased at most good book stores.  Good catalogues are great investments for collectors of all ages!!

 

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GENERAL INDEX UPDATE.

'TASMANIAN NUMISMATIST - INTERNET EDITION' 1996 - June 2007

'NUMISNET WORLD' July 2007 - December 2012

The detail of contents of the 'Tasmanian Numismatist - Internet Edition' and 'Numisnet World' can be seen at the following links. Copies of articles are usually available by email, upon request from the Editor or the original author - or, if directly accessed, subject to those copyright provisions laid down in our current terms of use.  Articles will not be posted by mail services.

Early issues of the 'Tasmanian Numismatist - Internet Edition', from 1995 - 1999. were permanently archived in 2000 and articles are not linked directly.

http://www.vision.net.au/~pwood/aug03.htm  - 1995, 1996 - 1997 (Volumes 1 and 2) Archived. Content detail only.

http://www.vision.net.au/~pwood/Sept2003.htm  - 1998 - 1999 (Volumes 3 and 4) Archived. Content detail only.

By referring to the 'Newsletter Archives' or 'Search' function located on the Home Page, you can directly access all current Volumes online.

http://www.vision.net.au/~pwood/tns.html  - January 2000 (Volumes 5 - to date).

In January 2006 it was decided to grant each new issue its own URL link. which would henceforth appear in the current Index.

http://www.vision.net.au/~pwood/mar07.htm  - 2006 (Volume 11)

The final Index of the 'Tasmanian Numismatist - Internet Edition'

http://www.vision.net.au/~pwood/dec07.htm  - 2007 (Volume 12 - Issues 1 - 6)

 

Full details of 'Numisnet World' - incorporating 'Tasmanian Numismatist'  (2007)

http://www.vision.net.au/~pwood/dec07.htm  - (Volume 12 - Issues 7 - 12)

For full details of 'Numisnet World' (2008)

http://www.vision.net.au/~pwood/dec08.htm  -  (Volume 13 - Issues 1 - 12)

For full details of 'Numisnet World' (2009)

http://www.vision.net.au/~pwood/dec09.htm  -  (Volume 14 - Issues 1 - 12)

For full details of 'Numisnet World' (2010)

http://www.vision.net.au/~pwood/dec10.htm  -  (Volume 15 - Issues 1 - 12)

For full details of 'Numisnet World (2011)

http://www.vision.net.au/~pwood/jun11.htm  -   (Volume 16 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec11.htm  -   (Volume 16 - Issues 7 - 12)

For full details of 'Numisnet World (2012)

http://www.vision.net.au/~pwood/june12.htm  - (Volume 17 - Issues 1 - 6)

http://www.vision.net.au/~pwood/dec12.htm   -  (Volume 17 - Issues 7 - 12)

For full details of 'Numisnet World (2013)

http://www.vision.net.au/~pwood/june13.htm  -  (Volume 18 - Issues 1 - 6)

 

 

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'NUMISNET WORLD' INDEX

January - June, 2013

 

Issue 1.  January 2013:-   http://www.vision.net.au/~pwood/jan13.htm

DISAPPEARING WORLD BANKNOTES (ROUND 1) - Over the last two decades or so, the world has become very much smaller, numismatically speaking! The formation of the Euro zone - and the break-up of several major power blocs  - can be likened to tossing a handful of stones into the currency pond. The waves and ripples are still bouncing from shore to shore, and some weaker currencies have been submerged and drowned - or in desperate need of salvation. It is a time for reflection by note collectors, as some prized collectables are being relegated to the 'also rans' sections of our albums - with the knowledge that we will be unlikely to see another national issue - as these states disappear into history.

A FEW 'TAG ALONGS - A few extra interesting pieces of paper that we sometimes overlook in the larger picture.

CASH FROM THE ORIENT! - TASMANIA'S CHINESE CASH - Over the years, the story of the CASH coins has been told on numerous occasions - however, we continue to get regular inquiries - "I have an old brass coin, a bit bigger than a 10 cent coin, with a hole in the middle - it has Chinese writing on it!  What is it?"  The purpose of this newsletter has always been educational - so - we have reprised the archived stories once again for that reason.

WANTED KNOWN - The 2013 schedule for the 'COIN & STAMP PLACE' 'travelling' coin and stamp shop locations  is now available. Contact them if you need to reserve any of the 2013 essentials or need them to bring something special along to the venues.

 

Issue 2. February 2013 :-  http://www.vision.net.au/~pwood/feb13.htm

DISAPPEARING WORLD BANKNOTES (ROUND 2) - Concluding our perusal of some of the paper banknotes of 'yesterday' - or from those odd corners of the world that don't always attract a lot of numismatic attention.

A NUMISMATIC HOUSEHOLD HINT! - It's OK to allow non-collectors to touch your coins 'n' stuff - as long as you select the pieces that you hand to them! Be prepared - have a 'goodie-bag' ready to absorb that first impulsive reach and touch before you have a chance to educate them. .

T.N.S. MEETING - A general meeting will be held on 11th.  April  to discuss the 50th Anniversary celebration arrangements and to meet new members..

 

Issue 3. March 2013:-  http://www.vision.net.au/~pwood/mar13.htm.

A TIME TO REMEMBER - In 1988, something marvellous happened to the way the production of Australian currency notes was heading. The introduction of polymer substrate for use as the material for our folding money burst upon the public with a near unique note for its time. The Bi-Centenary Ten Dollars was as Australian as it could get in depicting our heritage - both Aboriginal and European. It was soon known as 'fantastic plastic' - and, it is still an essential centrepiece - the backbone- of many Oz decimal note collections.

AUSTRALIAN DECIMAL COINAGE - Another periodic review and preview of basic Oz coinage changes - and a brief foray into the increasingly distraction of special coinages being produced by the Royal Australian Mint - plus an 'Editorial Observation'.

 

Issue 4. April 2013:-  http://www.vision.net.au/~pwood/april13.htm

ANZAC DAY 1915 - 2013. - Each year, Australians - and our 'cousins' in New Zealand- symbolically join together to celebrate and honour the sacrifices that were enshrined on 25th April 1915. Our combined troops landed at Gallipoli in our first baptism of fire as volunteers, in fighting a common foe at dawn on that morning.. The story has been told each year to honourably inspire the new generations of ANZACS..

The enemy has become a respected friend -  and, each year, also joins us in our remembrance of this nation-forming event for both sides.. At the time, it was a case of kill or be killed - and so many young lives from both sides of the conflict were lost during that initial foray and the months that followed. 'LEST WE FORGET' - is the catch phrase of military history - so - let us, who bear the torch, hold it high!

IN THE BEGINNING! - In 1803, the island named - in passing - by Abel Janzoon Tasman,. Dutch explorer, as Van Diemen's Land, in 1642 - was settled by a a group of English soldiers and convicts a few years after the first colony had been established in New South Wales.  For about 45 years, the place became a dumping ground for felons, exiles and traitors - according to English law.  By 1853, the place had been renamed Tasmania - and the seeds of normalcy had started to grow as free men worked the land and the transportation of convicts dried up because the Tasmanians wanted something better for their children's future than an island prison. The gaols gradually emptied and were demolished and replaced by civic buildings over the next half century when the Federation of Australia occurred and the perceived stigma - or pride - of being convict colonists was allowed to find its own level of acceptance within our community and in history.

 

ISSUE 5. May 2013:-  http://www.vision.net.au/~pwood/may13.htm

THE AMERICAN CIVIL WAR - This is the 150th. year since the halfway point was reached in the American Civil War - or as the Southern states prefer to call it  - "The War between the States".  By 1863, it was obvious that the industrial might and wealth of the Northern states was going to be a crucial factor in the struggle. Sheer bravery has a limit in any battle - it has to be backed with the accoutrements that only money can buy. When that money is virtually worthless - and food and material cannot be produced locally - it is just a matter of time before the human spirit can not carry the load.

That this awful conflict lasted as long as it did - was due to the resolve of several key political players and the brave men on both sides who paid the price - not in money - but in blood! This human event played such a big part in forming the psyche of the nation that realistic re-enactments are regularly held  at, or near, the historic battlefields.

T.N.S. MEETINGS - An advice was received from T.N.S. President, R. V. McNiece OAM.,  that the 'Tasmanian Numismatic Society' has re-commenced monthly meetings at the Shot Tower at Taroona in Southern Tasmania after a long meeting recess.

Initially, it is envisaged that the last Tuesday in the month, commencing at 7.30p.m., will be satisfactory for most members - and, that will be confirmed in due course. The first two meetings are scheduled for May 28th. and June 25th. - NO meetings in November - December are planned at this time.

 

ISSUE 6. June 2013:-  http://www.vision.net.au/~pwood/june13.htm

REMINISCENCES OF WWII - The South Pacific War 1941-45. - The writer looks back at that period in Australia's history that had a profound influence on his whole life thereafter.

 

ISSUE 7. July 2013:-

THE ROSES AMONGST THE THORNS - (Commemorative Coinage) - Special pieces of metal - that we now refer to as either medals or coins -  have been made to commemorate a special event, place or person since Man found the ways of making metal do his bidding.. In this article we hope to give a brief modern history of our national coinage that has been encompassed in this millennia-old practice.

NOT TO BE FOUND IN POCKET CHANGE! - (Non-Circulating Legal Tender) - Broadly speaking, this category of coinage has been made for 'display purposes' only. The concept was developed over the last few decades by Perth Mint, and now we see a deluge of confusing short-term issues - with little relevance to the general public except as pretty works-of-art in metal - and, it is flooding onto the market in short powerful squirts!

It is presented as a precious bullion metal investment ingot that is given a specific face value to legitimise it as a coin  - thus it becomes legal tender for that stated value if cashed at a bank or financial institution.

This new marketing strategy has attracted a new string of collectors - in similar fashion as the postage stamp frenzy of a few decades ago.

It is slowly finding its own path away from traditional numismatics, I believe - and edging towards exonumia with a medallion-type ingot status.

 

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'NUMISNET WORLD'

(INTERNET EDITION)

COPYRIGHT.

The contents of this independent Internet newsletter, and all prior issues - included the 'Tasmanian Numismatist - Internet Edition' - are copyrighted ©, but anything herein can be fairly used to promote the great hobby of numismatics; however, we do like to be asked by commercial interests if they wish to use any of our copy. This permission, however, does not extend to any article specifically marked as copyrighted © by the author of the article.

Explicit permission from the author, or the Editor of the  NumisNet World' '(Internet Edition) newsletter, is required - in writing - prior to use of that material.

 

The 'NumisNet World'’ (Internet Edition) newsletter has been provided with space on this privately maintained Internet site and is currently presented free on a monthly basis with the aim of promoting the hobby of numismatics. Whilst the 'NumisNet World'' (Internet Edition) newsletter abides by the same basic guidelines originally suggested for the official 'Tasmanian Numismatist' newsletter, it is a separate, independent publication.

The ‘Tasmanian Numismatist’ newsletter is the only official newsletter of the ‘Tasmanian Numismatic Society’ and it is published periodically and distributed by post, email or hand delivered, directly to financial members of the Tasmanian Numismatic Society and selected associates and institutions.

All titles and matters pertaining to the T.N.S. are re-published with the permission of the current Executive Committee of the ‘Tasmanian Numismatic Society

 

Any literary contributions or relevant and constructive comments regarding numismatics are always welcome.

Please note that all opinions expressed in material published in the ''NumisNet World'' (Internet Edition) newsletter are those of the authors, and not necessarily those of the Editor. 

ALL comments in linked articles are the responsibility of the original authors.

Bearing in mind our public disclaimers, any Internet links selected by the authors of this newsletter, are usually provided as a complimentary source of reference to the featured article in regard to: (1) Illustrations -  or  - (2) To provide additional important information. 

 

Some illustrated items - including their designs and packaging -  may be subject to existing copyright restrictions.

In such instances, they may not be replicated or their images reproduced or republished - unless prior permission is sought from, and given by, the originator, owner or licensee of such item, design or packaging.

 

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All information published by the ''NumisNet World'' (Internet Edition) newsletter is either publicly available, or has been voluntarily provided by writers, on request from the Editor of the ''NumisNet World'  (Internet Edition) newsletter.

While the ''NumisNet World' (Internet Edition) newsletter may hold writers' addresses and other details for the purposes of communication and copyright protection, it will never make such addresses or details available to any member of the public without the permission of those involved.

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DISCLAIMER

All details of a commercial nature, organisations, items or individual arrangement to buy, sell or trade are provided in good faith as information only, and any consequent dealings are between the parties concerned. 

The 'NumisNet World' (Internet Edition) newsletter takes no responsibility for disagreements between parties, and also reserves the right to only feature information that it considers suitable in promoting the hobby to our readers. Deadline for any literary contributions, or amendment to copy, is 7 Days prior to the beginning of the month of publication.

 

The Editor,

Numisnet World - (Internet Edition). 

P.O. Box 10,

Ravenswood. 7250. Tasmania.

Australia.

Internet Page: http://www.vision.net.au/~pwood/tns.html

Email: pwood@vision.net.au

 

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