« previous next »
Pages: [1]   Go Down

Author Topic: Zimbabwe to issue bimetallic bond coin  (Read 1848 times)

0 Members and 1 Guest are viewing this topic.

Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 4 353
Zimbabwe to issue bimetallic bond coin
« on: November 27, 2016, 01:45:36 PM »
Zimbabwe is going to introduce a 2016-dated bimetallic bond coin with a denomination of 1 dollar. The coin will have a reeded edge. The coin will be issued tomorrow and was minted at the South African Mint. 2 million pieces have been minted.

« Last Edit: November 27, 2016, 05:11:15 PM by eurocoin »
Logged

Offline Jostein

  • Senior Member
  • ***
  • Posts: 307
    • WBCN
Re: Zimbabwe to issue bimetallic bond coin
« Reply #1 on: November 27, 2016, 06:51:24 PM »
Great!! I was waiting for it some months ago hehehe

Thank you so much for the news eurocoin :D

Here it is my graphic model attached in the WBCN Facebook page:
« Last Edit: February 20, 2017, 11:53:55 AM by eurocoin »
Logged
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 4 353
Re: Zimbabwe to issue bimetallic bond coin
« Reply #2 on: November 28, 2016, 03:45:41 PM »
Very nice image Jostein!  The coins that were issued today have a latent image in the large 1 showing the word 'ONE' and 'RBZ'.
« Last Edit: November 29, 2016, 08:47:54 PM by eurocoin »
Logged

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 11 613
  • Mumbai, India.
Zimbabwe to issue bimetallic bond coin
« Reply #3 on: November 28, 2016, 03:50:20 PM »
Black marketing of this bond coin has already started. The rate was ZWD 3 = USD 1 at the beginning, it's now ~ ZWD 50 = USD 1!

Aditya
Logged
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Jostein

  • Senior Member
  • ***
  • Posts: 307
    • WBCN
Re: Zimbabwe to issue bimetallic bond coin
« Reply #4 on: November 28, 2016, 06:37:24 PM »
Quote from: eurocoin on November 28, 2016, 03:45:41 PM
Very nice image Jostein!  The coins that were issued today have a latent image in the large 1 showing the word 'ONE' and 'RBZ' (?).

True! I already changed the design. Thanks :)

Quote from: Bimat on November 28, 2016, 03:50:20 PM
Black marketing of this bond coin has already started. The rate was ZWD 3 = USD 1 at the beginning, it's now ~ ZWD 50 = USD 1!

Aditya

 :o :o :o In other countries like East Timor or Ecuador that also minted their own "USD cent coins" this not happen ¿Why?  ???

This have not sense  ::)
Logged
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Offline Figleaf

  • Administrator
  • Honorary Member
  • *****
  • Posts: 32 344
Re: Zimbabwe to issue bimetallic bond coin
« Reply #5 on: November 28, 2016, 09:48:51 PM »
Quote from: Jostein on November 28, 2016, 06:37:24 PM
:o :o :o In other countries like East Timor or Ecuador that also minted their own "USD cent coins" this not happen ¿Why?  ???

This have not sense  ::)

I can think of three possible reasons:

Least likely: it is already known that issues of bond notes and coins surpass the value of the bonds, so they are not fully covered.
Maybe, maybe not: the story is untrue.
Most likely: people do not trust that the issues of bond notes and coins are or will be equal or less than the value of the bonds: they believe the coins and notes are not now or will not in the future be fully covered.

Peter
Logged
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Enlil

  • Senior Member
  • ***
  • Posts: 300
Re: Zimbabwe to issue bimetallic bond coin
« Reply #6 on: November 30, 2016, 11:46:23 PM »
Peter I would say it is both. Zimbabwe is finding it hard to source revenue and currency in US dollars, hence the issue of these coins and banknotes.
Logged

Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 4 353
Re: Zimbabwe to issue bimetallic bond coin
« Reply #7 on: January 16, 2019, 07:55:02 PM »
The series of bond coins was designed by Thinus Scheepers of the South African Mint.
Logged

Offline Manfred1

  • Senior Member
  • ***
  • Posts: 114
Re: Zimbabwe to issue bimetallic bond coin
« Reply #8 on: January 25, 2019, 08:36:20 AM »
Pictures ...
Logged
Pages: [1]   Go Up
« previous next »