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V21 2018 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 37, September 16, 2018, Article 22

MORE ON COINS IN ICELAND AND BRAZIL

Readers have these follow-ups on items last week about coins in use in Iceland and Museum coin collections in Brazil. Also, links to new releases from the Perth Mint in Australia. -Editor

Coin Circulation in Iceland

Ultramodern numismatist Pabitra Saha writes:

"It is not indicated if coins are found in circulation. 3-4 years back, the Central Bank of Iceland indicated plans to introduce new higher value circulation coins. Nothing further has been heard since.

"I assume that with inflation, the circulation coins must have vanished as too small for daily transaction"

Tom Babinszki responds:

Coins are still used in Iceland. I was actually surprised, because we had no need to use anything other than a credit card, though we still exchanged some money to grow the collection and to hear some local jingle in our pockets. In many stores you can still hear people using coins, actually more than in some other countries.

Today the value of the USD is about 113 Icelandic Kronur, when we were there in July it was around 109. Still, the following coins can be found in circulation: 1, 5, 10, 50 and 100 Kronur.

The last year Icelandic Krona was minted was in 2011. This currency has been in use since 1981, when the old Krona was replaced by the new Krona, converting in a 100 to 1 ratio.

The banknotes which are used are 500, 1000, 5000 and 10000 Krona. There are 2000 notes still in circulation, but I believe they are rare.

To read the earlier E-Sylum article, see:
THE NUMISMATIC MUSEUM OF ICELAND (http://www.coinbooks.org/v21/esylum_v21n36a19.html)

Brazil's Numismatic Collection

In answer to a reader question about the fire at Brazil's National Museum, I wrote that a natural history museum, I wouldn't expect it to have held numismatic content. -Editor

Alberto Gustavo Paashaus Junior of Brazil reports:

Hopefully, if we can say so in such shamefull episode, there were not any Numismatic losses in the fire that consumed our National Museum.

That institution was devoted to Natural Sciences, Archeology and Paleontology. Numismatic holdings are under guard of the Museu Histórico Nacional, another institution which suffers from lack of care and financial resources from our previous and current Governments.

To read the earlier E-Sylum article, see:
BRAZIL'S NATIONAL MUSEUM BURNS (http://www.coinbooks.org/v21/esylum_v21n36a20.html)

Perth Mint Productions

Last week I highlighted a couple pricey but interesting new products from the Perth Mint in Australia. I had trouble locating the product pages on their web site, but Kiara Canavate of their marketing department helped me out. -Editor

For more information on the coins, see:
Rare Earth (https://www.perthmint.com/catalogue/rare-earth.aspx)
Rare Earth 2018 5oz Silver High Relief Patina Coin (https://www.perthmint.com/catalogue/coins-australia-argyle-rare-earth-2018-5oz-silver-high-relief-patina-coin.aspx)

With original artistry inspired by ancient forces that gave us brilliant treasures, the Rare Earth coin has been crafted from 5oz of pure silver and a natural golden diamond.

Aged at 1.6 billion years, the handset jewel from the Argyle Diamond Mine in Western Australia’s spectacular Kimberley region represents the epicentre of a supernova.
Discovery (https://www.perthmint.com/discovery.aspx)

The Perth Mint is proud to present Discovery – a unique masterpiece with a world mintage of only 1.

This extraordinary one-of-a-kind collectable celebrates the discoveries in Australia of two of the world’s most treasured natural riches, gold and pink diamonds.

Well, Christmas is coming... -Editor

To read the earlier E-Sylum articles, see:
THE PERTH MINT RARE EARTH COIN (http://www.coinbooks.org/v21/esylum_v21n36a34.html)
DISCOVERY: AUSTRALIA MINTS HOLEY DOLLAR TRIBUTE (http://www.coinbooks.org/v21/esylum_v21n36a33.html)

Best Price Coins E-Sylum ad06


Wayne Homren, Editor

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