Recent Posts

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71
Unidentified coins / Re: Helpr to identify coin - 5
« Last post by Paris on August 15, 2019, 05:21:39 PM »
Like the other one, Celtic from Spain, search here Las monedas de "Iberia - Hispania - Spania"
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Unidentified coins / Re: Help to identifytthis coin - 3
« Last post by Paris on August 15, 2019, 05:20:43 PM »
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Great to see these coins together.

Peter
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He lived in "interesting times", was a puppet when he played a role, a prisoner when he didn't. He owed his life to Karim Zand, I think. No other player would have spared him.

In addition to being difficult to find, this coin is a historical document that says more about the level-headed generosity of Karim Zand than about the person of Ismail. An important historical artefact. Congratulations, Maythem.

Peter
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East Africa / BIOT: Series of turtle 50p coins 2019
« Last post by eurocoin on August 15, 2019, 04:39:04 PM »
Pobjoy Mint has just released the first in a series of 50p coins of the British Indian Ocean Territory. The pieces feature turtles. They have a mintage of 3,750 pieces each.

The following coins will be released:

Green Turtle
Hawksbill Turtle
Leatherback Turtle
Loggerhead Turtle
Olive Ridley Turtle

The first 500 people who buy the coin with the album receive a free titanium coin with their order.
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UK Decimal coins / Re: 2018 coins in circulation
« Last post by Deeman on August 15, 2019, 04:14:27 PM »
After a little bit of pressure this ridiculous decision has now been reversed. The mintage figures of the 2018-dated coins that were minted for general circulation will be released around mid-September 2019.

Well done, eurocoin! Common sense prevails.
77
Africa / Kenya: New Series of Banknotes from 2015
« Last post by Bimat on August 15, 2019, 03:59:25 PM »
Judges to visit Kenyatta's statue in new notes case

15 August 2019 - 14:32

High Court judges will on Thursday afternoon visit the founding father Mzee Jomo Kenyatta's statue to establish whether its part of the KICC building.

A three-judge bench hearing the case challenging the use of the statute in the new currency notes said it will observe representations of the statue and the KICC on the new notes.

The bench said they were persuaded to make a visit to the site following arguments by rights activist Okiya Omtatah that will enable the court to determine for itself whether or not the first President's statue is part of the KICC building.

Justices George Kimondo, Anthony Murima and Asenath Nyaboke said the session will be a formal court session and court may invite comments of parties.

The Central Bank of Kenya has denied claims that the new generation banknotes bear the portrait of Mzee Jomo Kenyatta.

Governor Patrick Njoroge in a response to Omtatah’s suit said prior to adopting the usage of the KICC image on the front of all new notes, the CBK on October 4 2013, sought legal advice from the then Attorney General Githu Muigai.

Githu advised the CBK that the image of KICC was not in contravention of the law.

Njoroge says KICC is a key national monument in Kenya under the National Museums and Heritage Act and should be preserved as depicting the very essence of Kenya and its national heritage.

Omtatah in his suit accused the Governor of violating the Constitution by having a statue of Kenya’s founding president at the back of all the new notes. 

He also accused CBK of not conducting public participation in the design stage to determine its imagery.

But the Governor argued that the process of design, printing and issue of the new currency was strictly conducted in compliance with the Constitution and the law, was neither tainted with illegality nor unconstitutional as alleged by Omtata.

Omtatah also wants the court to admit his amended petition.

He says he has come across new material evidence necessitating the petition to be amended.

“The proposed amendment is necessary for determining all the questions in controversy and the amendment is necessary to avoid multiplicity of suits,” he says.

The matter was listed for hearing on Wednesday.

The court was ready to continue with hearing however Omtatah had not filed his submissions.

The bench directed him to file his documents by close of business on Wednesday.

Source: The Star
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Indian subcontinent: early Islamic Sultanates / Re: Sultanate coin
« Last post by Tariq on August 15, 2019, 03:39:39 PM »
And the metal is billon not Silver. It is polished to give silvery appearance.
79
Other tokens used for payments / On the modern ‘local coins’ of Sweden
« Last post by Vincent on August 15, 2019, 03:14:06 PM »
Beginning in 1977, a series of coin-like objects have been issued in various local communities around Sweden, known as lokalmynt, literally ‘local coins’. They carry a face value and are clearly a numismatic subject – but what are they, more specifically?
   The series of local coins had its beginning in 1977 in the town of Trelleborg, where the committee behind a local festival, called Mikaeli Marknad, decided to issue some “coins” as a fundraiser for the festival. The coins were sold by the committee through various outlets, and agreements had been made with various local businesses to accept the coins as means of payment. There were three types and they were denominated 10, 100 and 1000 kronor. There was a bit of a kerfuffle surrounding the Trelleborg coins. The concept of local coins was a novelty, and there were no regulations in place to guide their potential use. This caused some questions among the people who could potentially use these coins – were they real coins or not? Until then there had only been one type of coins, namely the regular coins that circulated throughout Sweden. Swedish numismatist Bertel Tingström pointed out* in Myntkontakt, November 1977, that a coin is issued and backed by the government and is the officially recognised medium of exchange. This is not the case with the Trelleborg “coins”, which are defined by Tingström as medals or tokens. The issuance of these coins could also potentially have gotten the committee in Trelleborg into hot waters, legally speaking, especially if they were to market their coins as official coins. In the event, it was found that there was no law that defined the Trelleborg coins as illegal. As Tingström indicated, there was no law prohibiting a business owner from accepting a token as a means of payment. This doesn’t turn the tokens into official coinage, though. The festival in Trelleborg is recurring annually to this day, although it is now called Palmfestivalen.
   Having been pioneered by the festival organisers in Trelleborg, local coins were issued in many parts of Sweden during the late 1970s and the 1980s. Although the phenomenon has tapered off they are still occasionally issued. They are often denominated in kronor, but various other units have been invented for the purpose. The series of local coins has become very extensive over the years. Such coins were sponsored by many different organisations, e.g. sports associations. Some or all of the local coins of Östersund were sponsored by a local numismatic association, Östersunds Myntklubb. In each case, the proceeds from the sale of the coins benefit the sponsoring association.
   The issuance of local coins did not remain entirely unregulated. In Trelleborg in 1977 it would have been clear who had issued the coins and why. Divorced from the original context, they might not be properly understood. The 1977 Trelleborg coins carry the name of the town on one side and an image of the seal of Trelleborg on the other. If you didn’t know any better, you might think that the municipal administration had created a local currency. (I have seen a case of someone attempting to get the municipal administration in Huddinge to exchange a local coin from that location for regular Swedish currency). This would have invited comparisons with the French World War I era tokens issued by local chambres de commerce. The Swedish Consumer Agency (Konsumentverket) issued guidelines for local coins in response to the early unregulated issues. These guidelines, as referenced** by Bertel Tingström in 1979, are:
  • Advertisements for local coins should not leave the impression that they are legal tender.
  • Local coins should have a pre-defined time period of validity.
  • Information regarding period of validity, office of redemption and issuer must be explicitly indicated on the coins themselves.
  • Similar information must be indicated in any promotional materials.
  • The issuer must ensure that businesses that have chosen to accept local coins as means of payment advertise their participation.
  • Advertisements for local coins should not provide false expectations that the coins will have great value as collectible items in the future.
   One thing to note is that the coins are supposed to have an expiration date and an office where they can be redeemed, i.e. exchanged for regular Swedish currency. This means that the anomalous situation of having an alternative, local currency does not last infinitely. After the expiration date, all coins that had not been redeemed – presumably the vast majority – would be keepsakes and collectible items only. (One can imagine that there might occasionally have been a bit of nervous tension in the air in the issuing organisations in the final days before the expiration date!).
   Another thing to note is that key information must be indicated on the coins themselves. This has led to several coins being issued with an inscription, given in very small lettering, containing this information. (In some cases, even the edge was used for this purpose). This was probably seen as a nuisance by the people issuing the coins, but from a numismatic perspective, it means that key information regarding the coins’ background is available in the coin itself.
   So, how should we categorise these items? If the question is ‘are they means of payment?’, then, yes they are. They were used to a limited extent in transactions between people who had voluntarily chosen to accept them as means of payment. The expiration of their validity also implies that there was a period of validity (i.e. purchasing power) before the expiration date. If the question is ‘are they coins?’, then the answer would have to be no. They were not issued by a central bank or government, they were not backed by the state or government, and you could not pay taxes with them. Being issued by private associations, they are tokens, not coins – the issuing associations did not have the authority to issue actual coins. Whether that makes them any more – or any less – interesting as collectible items is entirely up to each collector to decide. In case you’re thinking of taking a course in Swedish geography, learning more about their local coins might not be a bad start!

* Bertel Tingström: Lokalmynt – ny fluga, in Myntkontakt, November 1977.
** Bertel Tingström: Lokalmynt, in Myntkontakt, October 1979.
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UK Decimal coins / Re: 2018 coins in circulation
« Last post by eurocoin on August 15, 2019, 02:00:47 PM »
The Royal Mint has decided that going forward the mintage figures of circulating coins will be released alongside those of the sales figures of sets and packs. As the latter are being released with a 3-year delay, we are currently looking at February 2021 before we will know mintage figures of the 2018-dated coins minted for circulation. Completely unacceptable.

After a little bit of pressure this ridiculous decision has now been reversed. The mintage figures of the 2018-dated coins that were minted for general circulation will be released around mid-September 2019.
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