Royal Mint pulling out all Cupro-Nickel 5p and 10p coins
Posted:
Fri Aug 23, 2013 2:59 pmby AGgressive Metal
UK cupro-nickel coins are being recovered for metal value and replaced with nickel-coated steel like Canada now. Debasement taking place everywhere!
Check it out...
http://thesilversquirrel.blogspot.com/2013/08/british-pound-debasement-uk-royal-mint.html
Re: Royal Mint pulling out all Cupro-Nickel 5p and 10p coins
Posted:
Sat Aug 24, 2013 8:53 amby ZenOps
Yes. And if you go to the UK mint, they always measure their circulating coinage as a running total, not year over year. Which means that they can cycle out the last remaining scraps of real wealth out without having to state official year over year numbers.
Canada has been making nickel cored $1 coins (loonie) since 1987, but with one year of iron cored loonies in 2012, they have managed to sucessfully dilute the nickel cored loonies to a ratio of 1 in every 9 being an iron cored. If you include the half ounce nickel dollars made from 1968, Canada has managed to dilute every nickel dollar coin made from 1968 to 2011 to an iron dollar at a 1:10 ratio in just one year.
Yikes. And people thought silver was cycled out fast in the 1960 era.