5 sentimo coin costs 57 sentimo to produce.
Posted: Mon Sep 09, 2013 6:26 pmWas youtube surfing when I came across this:
Realcent.org
Base Metal & Precious Metals Forum
https://realcent.org/
5 sentimo coin costs 57 sentimo to produce.
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Posted: Mon Sep 09, 2013 6:26 pmRe: 5 sentimo coin costs 57 sentimo to produce.
Posted: Mon Sep 09, 2013 7:30 pmThe best part for me was watching my son trying to understand what they were saying.
Re: 5 sentimo coin costs 57 sentimo to produce.
Posted: Wed Sep 11, 2013 3:49 pmhttp://ph.news.yahoo.com/penalty-coin-h ... 00130.html
Additional news:
Under HB 1662, which once enacted will be known as the "Anti-Hoarding of Philippine Legal Tender Coins Act of 2013," violators face a penalty of eight years imprisonment and a fine not exceeding P300,000.
Thats not really what scares me.
What scares me is that most of their coinage is plated nickel. Ouch.
Additional news:
Under HB 1662, which once enacted will be known as the "Anti-Hoarding of Philippine Legal Tender Coins Act of 2013," violators face a penalty of eight years imprisonment and a fine not exceeding P300,000.
Thats not really what scares me.
What scares me is that most of their coinage is plated nickel. Ouch.
Re: 5 sentimo coin costs 57 sentimo to produce.
Posted: Fri Sep 20, 2013 2:01 pmGreshams law in affect for the 1995 to 2003 Brass 25 Sentimo:
US $1 = 43 PHPeso * 4 coins per peso = 172 * 3.8g = 653.6g / 454g = 1.44 lbs Brass * $1.50 = $2.16
Therefore... $1.00 = $2.16
Most of the coins are plated steel, not plated nickel.
US $1 = 43 PHPeso * 4 coins per peso = 172 * 3.8g = 653.6g / 454g = 1.44 lbs Brass * $1.50 = $2.16
Therefore... $1.00 = $2.16
ZenOps wrote:What scares me is that most of their coinage is plated nickel. Ouch.
Most of the coins are plated steel, not plated nickel.