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The death of 5 & 10 cent coins

Michael McLaren

Tony Shields, from Shields Stamps and Coins, speaks to Michael about the chief of Australia’s National Mint predicting the “graceful death” of 5 and 10 cent coins within the next decade.  This would leave the 20c coin as the lowest value coin in circulation.

 

Blame is placed on a number of factors including rising inflation, as well as the growth of online purchases and payment despite smaller coins being a mainstay in cafe tip jars and charity tins.

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Michael McLaren
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