Australian Coin Currency

What kind of method do machines that take coins to tell which coin it's getting? And what does it have that prevents people from using 2 x 5 cent coins stuck together as a trick for a $2 coin (australian currency) - Or.. How can it tell?

There is a little man inside that checks them. To David.....are you really that hard up for points that you don't feel the need to actually answer the questions?

2008-02-05 06:29:21 by Adam B

In today#39;s paper, re the surcharge on credit cards: quot;The latest survey of merchants by banking researcher East amp; Partners has found ...

The only person that appears on most Australian coins is Queen Elizabeth II. The only exception would be the aboriginal man on the $2 coin.
If you meant banknotes, here is a link to the Central Bank of Australia web site that has all the info you need:
http://www.rba.gov.au/CurrencyNotes/Note sInCirculation/index.html

2006-10-05 12:14:15 by cremcharl

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Hello everyone. My mom just came back from Australia (yeahh!!! :D ) and she gave me some of the coins from australia,Ok so now i can identify a few of them but i need help in the other two.

She gave me some brown small thick coins that says 2 Dollars , ok i know about them but there is one silver big light weight coin i.e. quite big in diameter and it just has a 20 on it,and another one like that which has a 5 on it and this one is quite small and nowhere on these two does it say if its dollar or cents so can u please temme. I can post pics if you want.

The one with the 20 on it is a 20 cents coin and yes it is good sized. The small one being a 5 cent coin. The 20 cent coin has a platypus on the reverse. The 5 cent coin a spiny anteater. That is if they were not changed lately but that is unlikely. Hope this helps. You have a nice start to a world coin collection, I hope you continue.

2007-12-16 12:57:46 by Mansoor

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i have heard lara bingle is held in higher regard than jesus christ and god in australian culture, is this true? if so why does bingle have so much credibilty in aussie culture and held in higher regard than god or jesus?

apparently some aussies even worship god like figures like lara ingle, same with paris hilton in america! why are they such immortal icons and the most important and powerful people in their respective nations?

will lara bingle's picture be in the coins of the australian currency? i think its a good idea to have bingle's face on the $1 coin in australia! icons need to be celebrated in my poinion.

thoughts?
rehman of multan - bingle is a very influential figure in australian culture and even has influence over aussie politics! she is the wealthiest australian and also the most famous and thus she has god like status in australia!
u should do some research!
actually paris hilton is the american equvilant of lara bingle!

Brett lee rocks.

2009-01-03 16:51:12 by NWO

Surely the objective of a valid currency trade is to convert the lesser valued metal into the greater valued metal. Tradition has it that Gold is at the top of the currency heirarchy followed by Silver, then Bronze then Nickel, then Copper then Aluminium and conceptually plastic and paper come below that because of their lack of durability and replaceable purpose that gives it a true value in its own right not just because someone puts$10.00 on it and says its to be worth that much. So the question is if a country like Australia, which claims to be wealthy, is wealthy then shouldnt the state of its currency reflect that so that an international credibility to the value of the Australian coin is in place. Until decimal currency we used no nickel at all and a silver coint was indeed Silver (to about 92%) now we have no true silver and no true gold this doesnt seem quite right to me does someone have an answer for why it is?

Well, in the old days, people used to have gold money and silver money.

Gold money was used to buy high value items, while silver money was used to buy low value items.

People also use money to buy things in bulk, since it always cheaper to buy things in bulk.

A Denarius/Dinar coin usually worth of 10 times of another more cheaper coin.



Gold currently worth around US$26,5 per gram and silver currently worth around US$0,50 per gram.

If that's the case, then a 4.25 grams 22 k (karat/carat) gold coin will worth around US$103,25 in gold and a 3.0 grams pure silver coin will worth around US$1,5.

So if you buy a US$250 Nintendo Wii and 2 US$30 Wii games, it will be a total of US$310 or around 3 gold coins (12,75 grams).

And if you buy three items from a US$0,99 store, it will be a total of around US$3 (US$2,97) or around 2 silver coins (6 grams).

And of course a pure gold that is as heavy as a Nintendo Wii (around 2000 grams) will worth around US$53000 or around 513 gold coins and 22 silver coins (a total of around 2246,25 grams).

I think that someone once said that the U.S.A.'s debt to various parties is around 33000 billions US Dollars, it will worth around 320 billions gold coins (1,36 millions metric tons).



As for the current use of debt money (paper money, plastic money, and so on).

It will cause dependency, it's debt money, it's a certificate of debt. You need a guarantor for the debt.

It will be easier to manipulate, its value depend on how much the certificate guarantor is willing to reimbursed and also how much willing people are willing to buy that certificate of debt.

Due to smaller denominations, it causes more buying and selling, since people now buy and sell things in more smaller parts. How small people buy and sell can also be arranged by determing what kind of denominations are released to the public.

Anyway. A few leaders attempted to reintroduce silver coins into their countries, but they didn't make it. Kennedy was shot and Mahathir was replaced.

I doubt Kevin Rudd is willing to risk his position or even his own life.

2007-12-26 04:25:13 by clastraphyx