World of Coins

Research and reference => Coin and medal production technology => Topic started by: BC Numismatics on August 12, 2008, 12:44:45 AM

Title: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on August 12, 2008, 12:44:45 AM
Here's a section where we can discuss about which countries have or did have both a banknote & a coin of the same denomination in circulation at the same time.

I can think of a few countries that have done this.

Canada from 1935 until around 1987 - $1 note & $1 coin.

Great Britain - 1 Pound coin & Scots & Northern Irish 1 Pound notes.

Zimbabwe - 2008 'currency reform' - $1 note & $1 coin,$5 note & $5 coin,& $10 note & $10 coin.

Ghana - since July 2007 - 1 Cedi note & 1 Cedi coin.

U.S.A. - $1 note & $1 coin.

New Zealand allowed the circulation of the $1 & $2 notes to circulate at the same time as the $1 & $2 coins until late 1991.

Can anyone else think of any other situations where this has occurred?

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: translateltd on August 12, 2008, 10:16:11 AM
I think Singapore $1 notes and coins circulated simultaneously - I was able to use both last time I passed through.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on August 12, 2008, 11:25:54 AM
Martin,
  I had forgotten about the Singaporean $1 notes & $1 coins.Singapore no longer issues a $1 note.I don't know if the $1 note is still legal tender.

For a while,Malaysia had both a 1 Ringgit note & a 1 Ringgit coin in circulation.The 1 Ringgit note was discontinued.The 1 Ringgit note has since been reintroduced,albeit,with a new design,but the 1 Ringgit coin has now been discontinued.

Both India & Pakistan had 1 Rupee notes & 1 Rupee coins in circulation at the same time right up until the 1980's.The 1 Rupee notes have now been discontinued.

Bangladesh also had a 1 Taka note & a 1 Taka coin in circulation at the same time.The smallest denomination note that is now issued is the 2 Taka.I can't recall ever seeing a 2 Taka coin,but there is a 5 Taka coin though.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: chrisild on August 12, 2008, 01:00:58 PM
Two from around here. :)

Germany (Federal Republic): 5 DEM 1952-2001 (primarily coins were used)
Austria: 20 ATS 1980-2002 (notes were preferred; coins after 1993 were circulating commems)

(The years refer to the time when the pieces were legal tender.)

Christian
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on August 13, 2008, 01:29:52 AM
Christian,
  Thanks for letting us know about the West German,German,& Austrian situation with the 5 Deutsche Mark & 20 Schilling coins & notes.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: Figleaf on August 13, 2008, 11:13:57 PM
I believe the UK still has 5 notes. The 5 coins exist, but do not circulate.

Peter
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on August 23, 2008, 05:02:36 AM
I believe the UK still has 5 notes. The 5 coins exist, but do not circulate.

Peter

Peter,
  The British 5 Pound coins are not medal-coins in the strict sense that you can buy them for face value over the counter at a local post office.

The Canadian commemorative silver Unc. $5,$10,& $20 coins,which commemorate the 1976 Olympic Games at Montreal,Quebec,were issued at face value through some of the banks as a way of monetising the issue,which stripped these of a medal-coin status.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: a3v1 on August 23, 2008, 09:46:49 AM
Here's another example:
After WWII the Netherlands, because of a scarcity of metals, introduced paper notes of 1 and 2 Guilders. The minting of silver 1 and 2 Guilders began in 1954. When silver became too precious these were replaced by nickel coins from 1967.
The paper notes remained circulating, however, although they gradually disappeared. Only in 1988 they were finally withdrawn.
Regards,
a3v1
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on August 23, 2008, 11:13:09 AM
A3v1,
  Can you please post up some photos of a Dutch Rijksdaalder (2-1/2 Gulden) note,as I am not familiar with them? I'm very familiar with the Rijksdaalder coin,especially the nickel issues of both Queen Juliana & Queen Beatrix,as we still see them a lot in old collections (although there's no way of cashing them!) that my boss buys in.He is a coin dealer himself.Yes,he sometimes travels to the Maastricht coin fair.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: chrisild on August 23, 2008, 11:53:32 AM
Here is one - the 1945 issue, that is. Very "American design"; was replaced by a different one in 1949.
http://www.geheugenvannederland.nl/?/en/items/BDM01:444/&p=1&i=3&st=Tientje%20van%20Lieftinck&sc=(Tientje%20van%20Lieftinck%20*)/

(http://www.geheugenvannederland.nl/?/afbeelding/http://resolver.kb.nl/resolve?urn=urn:gvn:BDM01:41921&role=image&size=largest)

The nickel coins could of course be "cashed", for a period of about five years, but not any more. With paper you have some more time, roughly 20+ years ...

Christian
Title: Re: Countries with banknotes & coins of the same denomination
Post by: Figleaf on August 23, 2008, 12:12:18 PM
That's an earlier note that was withdrawn in the process of money reorganization. I don't collect notes, but happen to have on in my duplicates (http://www.worldofcoins.eu/forum/index.php/topic,324.0.html).

Note the word "Muntbiljet". Paper money is "bankbiljet" (banknote) in Dutch. This note was always meant as stopgap until replaced by a coin, hence "muntbiljet" (munt is coin), a word that until that time did not exist in Dutch.

Peter
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on August 23, 2008, 12:22:33 PM
Peter,
  That's a very nice Dutch Rijksdaalder coin note that you've got there.I know of only one country that still issues Muntbiljetten.That country is Surinam.I think that Surinam still uses a 2-1/2 Gulden coin.I know that they were using a 250 Cent coin in the 1980's,as I did have one of those.I think that one of the current Surinamese Muntbiljetten is a 2-1/2 Dollar one,which is the same denomination as the old 250 Cent coin.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: chrisild on August 23, 2008, 12:36:07 PM
In Suriname the difference between a "bankbiljet" and a "muntbiljet" is that the former is issued by the central bank while the latter is issued by the finance minister. Don't know whether that is a "universal" differentiation ...
Here are some images of Suriname gulden (pre-2004) and dollar (1 SR dollar = 1000 SR gulden) coins and notes: http://www.cbvs.sr/dutch/dollar-munten.htm

Christian
Title: Re: Countries with banknotes & coins of the same denomination
Post by: a3v1 on August 24, 2008, 09:56:12 AM
Note the word "Muntbiljet". Paper money is "bankbiljet" (banknote) in Dutch. This note was always meant as stopgap until replaced by a coin, hence "muntbiljet" (munt is coin), a word that until that time did not exist in Dutch.
@ Peter,
PLease allow me to disagree with that last remark. In the Netherlands since 1846 many types of "Muntbiljet" have been issued at intervals (with nominal values up to 1000 Guilders). Especially in times when demand for coins surpassed the quantities the state could supply.
The only difference between "Muntbiljet" and "Bankbiljet" (as Christian rightfully points out in his contribution on Suriname) is the issuing authority:
"Bankbiljet" = Issued by the National Bank.
"Muntbiljet" = Issued by the Ministry of Finances.
Regards,
a3v1
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on September 20, 2008, 07:44:21 AM
The Dominion of Canada also had both 25c. banknotes (commonly called 'Shinplasters' because of their size) between 1870 & 1923.The 1870 & 1923 25c. 'Shinplasters' almost never seem to turn up.I've never seen an 1870 issue,but I have seen 2 examples of the 1923,of which one is in my collection.

The 1870 issues were issued right up until 1900.There are 3 types - one without a letter,one with the letter 'A',& one with the letter 'B'.They can be found located near the date.

The 1900-dated issues were issued right up until 1923.There are several different signatories.These notes do turn up a lot in the bottom grades,but dealers over here want too much (in my view!) for them.

The 1923-dated issues have several types,& 3 different signature combinations.These were withdrawn from circulation in 1935,along with all the other notes inscribed 'DOMINION OF CANADA'.

All the Dominion notes were replaced by the first issue of the current Bank of Canada (which was established as a chartered bank in 1935,& nationalised in 1938) in 1935 (which is now an issue that is virtually unobtainable by the average collector,as the prices have strengthened so high & so fast in the past 10 years or so).

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: tonyclayton on October 08, 2008, 11:46:58 PM
As I recall France had 20 franc notes and 20 franc coins in circulation at the same time.  I only ever received one of the latter in change.

The GB five pound coins do very occasionally circulate - about as much as a Canadian 50 cent coin nowadays!
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on October 25, 2008, 12:50:09 PM
I forgot to mention that Guernsey,the Isle of Man,& Jersey all still issue 1 Quid notes,plus they also issue 1 Quid coins as well.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: Galapagos on October 25, 2008, 01:54:25 PM
When I visited Guernsey in 1999 and 2001, I found you were more likely to be given their pound notes than their pound coins- same in Jersey, which I visited in 2000. I never received any of the Guernsey 2 pound coins in change so had to ask for some at the bank to bring a couple back for collector friends.

Guernsey and Jersey were the only places I've visited where there were three coinages circulating. UK, Guernsey and Jersey coins were all accepted as legal tender. The UK does not accept Channel Island coinage as legal tender, even though their coins are of the same value as the UK's. However, since they are of the same size, colour and shape, a few slip into circulation unrecognised here in the UK, as occasionally do coins from the Falkland Islands and Gibraltar.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: tonyclayton on November 01, 2008, 11:58:39 PM
The Dominion of Canada also had both 25c. banknotes (commonly called 'Shinplasters' because of their size) between 1870 & 1923.The 1870 & 1923 25c. 'Shinplasters' almost never seem to turn up.I've never seen an 1870 issue,but I have seen 2 examples of the 1923,of which one is in my collection.

I attach a picture of my rather tatty 'shinplaster' given to me by an old chap in the village where I lived for 7 months in the Province of Quebec back in 1962, along with a 25 cent coin that circulated at the same time and which I got in change at that time.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on November 02, 2008, 04:42:11 AM
Tony,
  That 25c. 'Shinplaster' is quite a nice one.The 1923 issue is not an easy one to find.

The 25c. coin was a very nice find.The King George V coins are very popular.There's a fair few scarce coins in the series,such as the 1921 5c. & 50c. coins,the 1925 & 1926 5c. coins,& the 1929 50c. coin is an extremely hard one to find.

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: BC Numismatics on November 12, 2008, 01:36:40 AM
Papua New Guinea is the latest country to have both a banknote & coin of the same denomination in circulation - the plastic 2 Kina banknote is circulating along with a commemorative bimetallic 2 Kina coin.

Have a look through http://www.bankpng.gov.pg .

Aidan.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: monedas1980 on June 24, 2014, 02:23:05 PM
China is the only country in the world where banknotes have all denominations of circulating currency and co circulate with coins. In circulation, you can find 1 jiao notes and coins(10c), 2jiao notes(no coin), 5jiao notes and coins(50c), 1 Yuan notes and coins($1)
Title: Re: Countries with banknotes & coins of the same denomination
Post by: Abhay on June 24, 2014, 06:03:18 PM
Presently, India has both the Currency Notes and Coins in the denominations of Rupees 5 and 10 in circulation.

Abhay
Title: Re: Countries with banknotes & coins of the same denomination
Post by: shashi106 on February 09, 2016, 10:37:37 AM
Fiji issued coin and note of same value during WWII.
Title: Re: Countries with banknotes & coins of the same denomination
Post by: Pellinore on February 09, 2016, 11:55:07 AM
Interesting, the depiction of the coin on the note.