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vegemite
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What to do with them?


Hi all, so what does everyone do with their bent,chinked,chunked,damaged $1 and $2 gold coins?

I have a collection of over $250 now and the banks wont take them, thet tell me once the coin is damaged that's it, it becomes completly worthless.


re Veg.Image

Last edited by vegemite, 9/21/2009, 8:54 am


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Never had a bad beer yet.
9/16/2009, 8:51 am Send a PM to vegemite    Send an Email to vegemite
 
drew qld
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Re: What to do with them?


HI VEG ,
read this http://www.ramint.gov.au/about/policies/worn_and_damaged.cfm

get a vice , (the metal type) not drugs women or booze and flaten them , use in vending machines , Some COM Banks have a money counting Machine , you put your coins in, it counts them and prints a slip of paper and they give you the cash .... they even taqke sandy ones lol
DREW :aus: emoticon
9/16/2009, 9:51 am Send a PM to drew qld    Send an Email to drew qld
 
coinshooter

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Re: What to do with them?


I got a 2kg hammer and a nice slab of concrete that straightens the coins out pretty quickly, after which it is just a small amount of filing if need to remove any sharp edges before macca's etc get paid with them :D

I've found they can be a little out of shape so not all will go through vending machines.... sometimes I'll add a few to other coins already bagged and take to the bank (or credit union) as the case may be..... the few I have here now are either heavily corroded (salt water) and weigh light or are half, three quarter etc coins.... cheers!
9/16/2009, 12:02 pm Send a PM to coinshooter    Send an Email to coinshooter
 
neilo
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Re: What to do with them?


Hit them with hammer then go and change them for 1dollar coins at pokey venue.They wont worry if the coins are not perfect. The mint will take damaged coins and exchange them for good ones. I believe even 1 &2 cent pieces can also be cashed in at the mint.seeya Neilo :thumbs:
9/17/2009, 12:11 am Send a PM to neilo    Send an Email to neilo
 
teejay7
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Re: What to do with them?


HEY neilo they laughed at me. hehehehehehehehe!!! :banana: :banana: :banana: :banana: Image
9/17/2009, 9:53 am Send a PM to teejay7    Send an Email to teejay7
 
angela3
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Re: What to do with them?


Wow, that's some photos of the beaten up coins Teejay! I keep all my bent up, wrecked coins. I've also got a small cash almost filled to the brim with 1 & 2 cent coins found over the years detecting. I just like to look at them every now and then.
Ang emoticon emoticon
9/17/2009, 1:20 pm Send a PM to angela3    Send an Email to angela3
 
drew qld
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Re: What to do with them?


The 1 and 2 cent coins , penny and half penny are %97 copper , copper sells at 6339 U.S. a tone , you would need 192 , 2cent coins to make up 1 KG and would have the value of 6.34 U.S. but the face value would be only 3.84 Aus , So hang on to your copper ...
2 cent 5.18gms , 1cent 2.59gms, 1 penny 9.45 grms and half penny 5.67 grms ........

Drew :aus: emoticon
9/17/2009, 2:39 pm Send a PM to drew qld    Send an Email to drew qld
 
vegemite
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Re: What to do with them?


quote:

drew qld wrote:

HI VEG ,
read this http://www.ramint.gov.au/about/policies/worn_and_damaged.cfm

get a vice , (the metal type) not drugs women or booze and flaten them , use in vending machines , Some COM Banks have a money counting Machine , you put your coins in, it counts them and prints a slip of paper and they give you the cash .... they even taqke sandy ones lol
DREW :aus: emoticon






Thanks for the link Drew, that's exactly what I plan to do. I figure, if the coin machine accepts them at the Bank they must be Legal Tender.

re Veg.



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Never had a bad beer yet.
9/20/2009, 10:16 am Send a PM to vegemite    Send an Email to vegemite
 
hungry1
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Re: What to do with them?


A bloke on another forum has 13 Kilos of 1 and 2 cent coins, thats a lot of digging, LOL
9/21/2009, 10:58 am Send a PM to hungry1    Send an Email to hungry1
 


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