"Real" Money

"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH

wrote in message
ups.com...
"Real" money, meaning that the value of the coin is in the
metal, is gone now. Was the USA the last country to coin
real money? If not, which country carried on coinage after
LBJ eliminated silver coinage?

BTW, I do not count legal tender coins like the US $50
gold coin, as it is not expected to be circulated as a
Kennedy half dollar was.

GFH


Isn't the value of the current US nickel, and maybe the cent, in the metal
they're made of? Maybe not by intention, but........

Bruce

Canada issued silver coinage for circulation (dimes and quarters) as late as
1968. Mexico has been releasing bimetallic silver centered 100 peso coins to
banks there since 2003- I don't know if they actually circulate. I'd bet
there are probably others out there.



--
Posted via a free Usenet account from http://www.teranews.com

On Jan 26, 9:57 pm, "S. Drummond"
wrote:
Canada issued silver coinage for circulation (dimes and quarters) as late as
1968. Mexico has been releasing bimetallic silver centered 100 peso coins to
banks there since 2003- I don't know if they actually circulate. I'd bet
there are probably others out there.

--
Posted via a free Usenet account fromhttp://www.teranews.com

According to Wikipedia, the 20 and 50 peso coins also have silver

Australias last silver coin was the 1966 round 50 cent piece.

http://www.museum.vic.gov.au/coins/1...cent_coin.html

Mame du Bois

wrote:

If not, which country carried on coinage after
LBJ eliminated silver coinage?

Don't know when that was, but Germany made silver circulation coins
until 1974, Austria until 1973, Netherlands until 1967, Switzerland
until 1969. Whether you call that "real" money ... after all, the value
of these coins was not determined by their metallic composition. All
these countries still issue silver collector coins that can be had at
face value but do not really circulate ...

Christian

"Christian Feldhaus" wrote in message
...
wrote:

If not, which country carried on coinage after
LBJ eliminated silver coinage?

Don't know when that was, but Germany made silver circulation coins
until 1974, Austria until 1973, Netherlands until 1967, Switzerland
until 1969. Whether you call that "real" money ... after all, the value
of these coins was not determined by their metallic composition. All
these countries still issue silver collector coins that can be had at
face value but do not really circulate ...

Christian

Actually Germany and France made circulating commemorative coins much later
than 1974. Germany had 10 mk commems which, while not actively circulating,
could be purchased at banks and spent if you wanted to. I found a Carl
Zeiss 10 MK coin the other day that I asked for in change somewhere in
Bremen when I was there. When I was in Paris back in 2000 it was possible
to find 100 FF coins that were silver and ask for them in change, which I
did, so I have nice Marie Curie and Tour Eiffel coins.

In Netherlands they still release 5 and 10 Euro commems in silver and sell
them at post offices and or banks, my contact there has supplied me with
practically the whole selection of them

And so far, for Germany, Christian himself sent me the 10 Euro commem for
Mozart, but so far we are agreeing to pass on this years lousy selection of
commems

Sibirskmoneta wrote:

but so far we are agreeing to pass on this years lousy selection of
commems

He is referring to this one, which was issued earlier this month:

50 Years State of Saarland http://tinylink.com/?wvyukbVOG5
http://www.deutsche-sammlermuenzen.d...muenzen/910029
SG_gr.jpg And yes, that one is poorly designed in my opinion. The
other 2007 designs (Treaty of Rome, Wilhelm Busch, Deutsche Bundesbank,
Elizabeth of Thuringia) are partly ho-hum, partly neat.

As I mentioned, all these silver coins are available at face value. But
in DE there are no silver circulation coins; that phase actually ended
in 1975. You can _get_ collector coins that contain silver from banks
(or post offices in NL), and some stores even accept them g.

However, you hardly ever come across them unless you actively do
something to get any. Also, those silver pieces are legal tender in the
issuing member state only. Every "regular" euro coin (circulation piece
or ¤2 commem) is good for payments anywhere in Euroland - but if I
accidentally received a Dutch ¤5 collector coin in change in NL, for
example, that would not be legal tender in DE and vice versa.

This weird system works because "collector coins" are basically
considered to be just that - coins made for collectors, not for
circulation. I get them at face value here, so I certainly don't mind
spending 10 euro on a ¤10 coin g, but the times of silver circulation
coins are gone.

Christian

? "Christian Feldhaus" ?????? ??? ??????
...
wrote:

If not, which country carried on coinage after
LBJ eliminated silver coinage?

Don't know when that was, but Germany made silver circulation coins
until 1974, Austria until 1973, Netherlands until 1967, Switzerland
until 1969.


The Greek silver coin of 20 drachmas was minted in 1960 and circulated
until around 1974 IIRC.

--

E' mai possibile, oh porco di un cane, che le avventure
in codesto reame debban risolversi tutte con grandi
puttane! F.d.A

Coins, travels and mo http://pg.photos.yahoo.com/ph/golanule/my_photos
http://gogu.enosi.org/index.html

Whether you call that "real" money ... after all, the value
of these coins was not determined by their metallic composition. All
these countries still issue silver collector coins that can be had at
face value but do not really circulate ...

Christian

Hi,

A lot of the Greek coins I have seen all tend to be quite high in value.
Why is this? When I was in Athens last October I passed a guy who had a
stall and he had all kinds of coins. Unfortunately, the price tags were
not in my budget (I had Ouzo to buy!). I would like to get some higher
grade silver Greek coins buy when I see them in Auction catalogues they
are in lots and don't carry images unless they are high value ones so
you don't really know what you are bidding on. I don't buy through Ebay
these days.

Do you know of any online coin shops that list Greek coins with images?
Also, do you know any coin shops in Athens that I could visit on my next
trip? I am hoping to go back at Christmas.

Mame


gogu wrote:
? "Christian Feldhaus" ?????? ??? ??????
...
wrote:

If not, which country carried on coinage after
LBJ eliminated silver coinage?
Don't know when that was, but Germany made silver circulation coins
until 1974, Austria until 1973, Netherlands until 1967, Switzerland
until 1969.


The Greek silver coin of 20 drachmas was minted in 1960 and circulated
until around 1974 IIRC.