on a side note...
what are the pros and cons of coins over notes?
- Coins are more tougher (notes can tear)
- Coins have other uses (used for scratch cards, determines who goes 1st with head or tails)
- Good for paying for low cost items
- Last much longer than notes since metal is far more resisant than paper.
- Can be heavy when carried in large amounts.
- Each individual coin cost more to make despite being worth less (lol the irony) although notes are more expensive to produce in the long run.
- You need a lot of coins if you want to pay any decent amount of money.
- They're bulkier
- More likely to spread germs.
Last edited by Ice Constricter; 09-05-2012 at 21:54.
(Original post by amime)
Easier to deal with smaller sums of money? I doubt people would want notes worth 1p that'd be **** loads of paper.
I was in Mongolia last year. They use the Tugrik(Togrog) as their currency. When I was there, there were just over 2000 of them to the Pound. They do not use coins whatsoever, so thats 20T for a penny equivalent. Yes, they do have this banknote. There were beggars on the street who had cardboard boxes and people would throw 10T and 20T notes into them.
I came back with a lot of souvenir notes, including 1 Tugrik banknote.
(Original post by Clare~Bear)
Apparantly my household is 'among those specially selected to recieve this notification of britains new legal tender 2012 £5 coin.' !!! Am I right in thinking that they actually got sent to every house?
At least you do only have to pay £5 and no P&P . . .
Are they going to replace £5 notes ie will any more £5 notes be made? And will the coins continue to be made?
Scam. Even if not, you're less likely to get it accepted in a shop than a fiver or normal coins.
I think the usual thing here is to buy it as an ornament if you like it, or in the hope that someone else will buy it off you for more in the future.