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Braybuddy
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The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 4:47 am

http://i5.photobucket.com/albums/y193/Braybuddy/DSCF3383.jpg

Sorting and bagging a bowl of loose change today got me wondering where all the coins are disappearing. Look at the pic above and most of them are either brand new or not long in circulation. You'd think after five and a half years most the coins would be older, but there's an incredible amount of new ones in ciruclation up as far as 20c. Above that you start to get more older coins in change, particularly with the €1 & €2s.

So what's happening to them all? Some go in jars and some get lost, but whatever it is, they don't seem to hang around long. Is this the same in other eurozone countries?

I'm off work with a knee injury, and out of sheer boredom did a survey of the lot to see where they originated (okay, I need to get out more, but that will happen when my knee heals  Smile ). Surprisingly, there weren't many foreign ones in there, and they breakdown as follows:

%
90.5 Ireland
03.9 Spain
02.0 France
01.0 Belgium
00.8 Netherlands
00.6 Germany
00.6 Italy
00.6 Austria
00.2 Greece

It's interesting that, being a small nation of 4m people, after five and a half years we haven't been swamped with other countries' coins. Probably because of the mint is churning out Irish coins in buckets, which brings me back to the point of this thread: where are all the coins disappearing?
 
AsstChiefMark
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 4:56 am

I see the same thing here in the USA, especially since the state quarter program was started in 1999.



[Edited 2007-07-16 21:58:39]
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petertenthije
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 5:08 am

Quoting Braybuddy (Thread starter):
It's interesting that, being a small nation of 4m people, after five and a half years we haven't been swamped with other countries' coins.

You got to bare in mind that Ireland is not bordering on other Euro countries. So any coins coming in would be from tourists flying in. Thus the likelyhood of coins mixing is smaller then for instance in NL where you got Germany and Belgium half an hours drive away.

The 1cent coin is slowly disappearing. Too slowly if you ask me. All payments in NL are rounded to the nearest five cents just like we did in the time of the Gulden. Therefor in NL at least the 1 and 2 cent coins are as uselss as they are worthless.
Attamottamotta!
 
ScarletHarlot
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 6:02 am

Quoting Petertenthije (Reply 2):
You got to bare in mind



Quoting AsstChiefMark (Reply 1):
especially since the state quarter program was started in 1999

Louisiana certainly seems to bare in mind.  Wow!
But that was when I ruled the world
 
gkirk
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 6:06 am

Thankfully we use a proper currency  Smile
When you hear the noise of the Tartan Army Boys, we'll be coming down the road!
 
oldeuropean
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 6:28 am

Quoting AsstChiefMark (Reply 1):
I see the same thing here in the USA, especially since the state quarter program was started in 1999.

How long have you waited to find a thread with an opportunity to post that picture?  Big grin

Axel
Wer nichts weiss muss alles glauben
 
WrenchBender
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 6:31 am

Quoting Gkirk (Reply 4):
Thankfully we use a proper currency

 footinmouth 
Yes, I looked it up here's some helpful guidelines when dealing with that crap....
Scottish banks issue 5,10 and 20 pound notes. They also issue large denomination 50 and 100 pound notes but tourists are best to avoid these. There are also a few Royal Bank of Scotland one pound notes still in use.
Exchange all your Scottish notes for Bank of England notes (or your home currency) before you leave Scotland. You may have difficulty in exchanging Scottish notes in parts of England or abroad.
If you exchange Scottish notes abroad, you will probably get a poorer exchange rate than for Bank of England notes.

Need I say more  stirthepot   duck 

WrenchBender
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gkirk
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 6:36 am

Quoting WrenchBender (Reply 6):
Scottish banks issue 5,10 and 20 pound notes.

Also £1 notes...and the English hate these  Wink
Give an Englishman a £1 note, and they'll gie ye change for a £5 note  Silly

Did you know that Bank of England notes are ILLEGAL in Scotland?  Wink
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Braybuddy
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 7:01 am

Quoting Petertenthije (Reply 2):
You got to bare in mind that Ireland is not bordering on other Euro countries. So any coins coming in would be from tourists flying in. Thus the likelyhood of coins mixing is smaller then for instance in NL where you got Germany and Belgium half an hours drive away

You're right, of course, although not all come from foreign tourists, probably more come from Irish people travelling abroad, and with a summer like the one we're having now, people have been flocking to the sun. Bookings are up 140% to some sun destinations.

Quoting Petertenthije (Reply 2):
The 1cent coin is slowly disappearing. Too slowly if you ask me. All payments in NL are rounded to the nearest five cents just like we did in the time of the Gulden

Wish they would disappear here. I don't see the point in them. Due to inflation the government refuses to abolish them, but this is really a straw man argument: if the 1 and 2 cent were abolished prices would be rounded down to 95c, not 99.
 
ba747yyz
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 7:13 am

Scotland: the only place where no currency is legal tender.
 
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LTU932
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 7:32 am

This reminds me that when I was in Germany, I often had Pfennig coins, even D-Mark coins that were minted in 1950, and even a few from 1949 (they're the same as those minted in 1950 and after, but instead of Deutsche Bundesbank, they said Bank Deutscher Länder, probably because they were minted before May 23rd, or before the new Federal Republic of Germany was established).
 
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Braybuddy
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 8:03 am

Quoting LTU932 (Reply 10):
This reminds me that when I was in Germany, I often had Pfennig coins, even D-Mark coins that were minted in 1950, and even a few from 1949

I remember as a kid (when I first became interested in coins as a hobby) sifting through change for old pennies, shillings and halfcrowns (TWO currencies ago!) and coming across the occasional very worn Victorian coin (pre-1902). The pennies were usually very black, despite being worn almost smooth: some of them were over 80 years old.

After the LSD system was abolished in 1971 only two coins remained: the new 5p and 10p were the same size as the shillling and two shilling piece, so these remained in circulation. It was hard to find any older than 1947 as previously to that they contained some sliver, so they were worth more than their face value.

Up to the time the old currency was abolished on 1 January 2002 most coins were old rather than new, and there were still 30-year-old coins floating around.

I suppose the upside of having so many new coins in circulation is that it obviously decreases the spread of bacteria.
 
oldeuropean
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 4:52 pm

Quoting Petertenthije (Reply 2):
The 1cent coin is slowly disappearing. Too slowly if you ask me. All payments in NL are rounded to the nearest five cents just like we did in the time of the Gulden. Therefor in NL at least the 1 and 2 cent coins are as uselss as they are worthless.

Here in Germany, we need the 1 and 2 cent coins everyday. Nearly every price ends with 99 cent. So e.g something don't cost 5¢ã but 4.99¢ã.

And yes, therefore our coin purses weight some kilos. Big grin

Axel
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LOT767-300ER
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 5:06 pm

Quoting Oldeuropean (Reply 12):
Here in Germany, we need the 1 and 2 cent coins everyday. Nearly every price ends with 99 cent. So e.g something don't cost 5¢ã but 4.99¢ã.

Least you know you are going to have to pay 4.99. Not so here, if you dont know your counties tax rate and have a calculator ready you might as well just estimate ;-D
 
oly720man
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 5:19 pm

Quoting Braybuddy (Reply 11):
I suppose the upside of having so many new coins in circulation is that it obviously decreases the spread of bacteria.

They use copper for its anti-bacterial properties

http://www.cda.org.uk/news/euro.htm
Other attributes that make copper the metal of choice for the new currency are its antibacterial characteristics and its low risk of inducing allergenic reaction

There's probably more bacteria, and coke, (and, who knows, coke resistant bacteria) on paper notes.
wheat and dairy can screw up your brain
 
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Braybuddy
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 6:45 pm

Quoting Oly720man (Reply 14):
There's probably more bacteria, and coke, (and, who knows, coke resistant bacteria) on paper notes.

Indeed:

"Cocaine found on all Irish bank notes

12 January 2007

Low levels of cocaine have been found on all the Irish bank notes tested in a recent survey.

As part of a major study into illicit drug use within Ireland, Brett Paull and colleagues at Dublin City University have taken advantage of recent developments in liquid chromatography coupled with mass spectrometry to detect contamination on Irish euro notes. Traces of cocaine were found on every one of the 45 used notes analysed, and traces of heroin were found on three notes."

http://www.rsc.org/Publishing/ChemTe...lume/2007/02/cocaine_banknotes.asp
 
ME AVN FAN
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 7:10 pm

Quoting Gkirk (Reply 7):
Did you know that Bank of England notes are ILLEGAL in Scotland?

When I went on a short trip from London to Edinburgh and Glasgow in the late 80ies, Bank of England banknotes were accepted everywhere in the two cities. And as far as I know still ARE accepted.
 
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scbriml
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RE: The Incredible Disappearing Eurocent!

Tue Jul 17, 2007 9:02 pm

Quoting ME AVN FAN (Reply 16):
And as far as I know still ARE accepted.

I have yet to meet a Scottish taxi driver that will not accept my filthy English cash.

Generally, it is only exceedingly dim, young shop assistants in England that look at a Scottish £10 note as though it were Monopoly money.
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Braybuddy
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RE: The Incredible Disappearing Eurocent!

Wed Jul 18, 2007 3:18 am

Quoting Scbriml (Reply 17):
Generally, it is only exceedingly dim, young shop assistants in England that look at a Scottish £10 note as though it were Monopoly money.

I remember being in Oxford St with a mate years ago and he stopped at a stall and ordered two 99s. I can't remember the price, but my mate handed the vendor a Scottish £5 note. The vendor looked at it, and us, as if we were from Mars, and said he couldn't accept it.

My mate promptly handed back the two ice creams.
 
Kay
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RE: The Incredible Disappearing Eurocent!

Wed Jul 18, 2007 7:51 pm

The coin = the most hideous invention.

Here in Austria there's always foreign coins in the mix, and the 1cent and 2cent are very frequent and not "disappearing".

Kay
 
Banco
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RE: The Incredible Disappearing Eurocent!

Wed Jul 18, 2007 8:02 pm

Quoting Scbriml (Reply 17):
I have yet to meet a Scottish taxi driver that will not accept my filthy English cash.

Oh, the Scots are very good at accepting English cash. In the billions, usually. They still whinge though.  Wink
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DAL767400ER
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RE: The Incredible Disappearing Eurocent!

Wed Jul 18, 2007 9:22 pm

Quoting LOT767-300ER (Reply 13):
Least you know you are going to have to pay 4.99. Not so here, if you dont know your counties tax rate and have a calculator ready you might as well just estimate ;-D

Personally, I prefer cheap prices that I have to calculate over high prices that I don't have to calculate  Wink .

Quoting Oldeuropean (Reply 12):
And yes, therefore our coin purses weight some kilos.

Very true, though it helps if your company needs those coins to pay for COD packages  Wink .

That said, my family has a large jar of US pennies that we have collected over many vacations. Not sure we'll ever need even 1/100th of them, though with the high copper prices, we might as well take them to the scrap dealer  Silly .
 
ANother
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RE: The Incredible Disappearing Eurocent!

Fri Jul 20, 2007 6:01 pm

Quoting DAL767400ER (Reply 21):
That said, my family has a large jar of US pennies that we have collected over many vacations. Not sure we'll ever need even 1/100th of them, though with the high copper prices, we might as well take them to the scrap dealer

Not much copper in a US penny. See http://www.pittsburghlive.com/x/pittsburghtrib/s_418275.html
 
halls120
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RE: The Incredible Disappearing Eurocent!

Fri Jul 20, 2007 9:22 pm

Quoting AsstChiefMark (Reply 1):
I see the same thing here in the USA, especially since the state quarter program was started in 1999.

 rotfl  I want one of those for my collection!
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AsstChiefMark
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RE: The Incredible Disappearing Eurocent!

Fri Jul 20, 2007 9:45 pm

Quoting Halls120 (Reply 23):
I want one of those for my collection!

Here you go... LINK
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mainMAN
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RE: The Incredible Disappearing Eurocent!

Sat Jul 21, 2007 8:05 am

Quoting Braybuddy (Thread starter):
Probably because of the mint is churning out Irish coins in buckets, which brings me back to the point of this thread: where are all the coins disappearing?

Most of them are probably lying here and there around my house, in drawers etc

I'm ashamed to say that I still haven't really got my head around Euros and cent coins. I pay for everything in 2's and notes, because none of the rest registers with me. I can't be bothered loitering in shops trying to work out what's what and how much I've got! (I suppose just like any 'foreign' currency)

When I went to Paris a few weeks ago, I decided that I should make up a big set of Euro coins at home and kind of use them......as in think of different numbers and then try to become fluent in the coins. It's a bit of a mad idea.......never going to happen.

Quoting Gkirk (Reply 4):
Thankfully we use a proper currency

I still don't see a proper economic need for the UK to join the Euro, but it bothers me a bit that most of my fellow Europeans are using one currency now, and I'm not. There are approximately 1.5 euros to the pound, and by the time you've payed commission to change your £, you get between 1.3 and 1.4 euros, so it's also difficult to translate prices, which is a bit of a pain in the arse.

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