Hi all, Not an actual fog, but a Found On Ground. A term created by a member of CoinTalk a while back. Was taking my usual early morning 7 block walk from the bus stop to my first job and as always I search for coins, paper currency and jewelry dropped by NYC residents and tourists. Was surprised by this British One Pound coin laying right in the middle of the street.. 4 am Fascinated by the thickness of the coin. Nothing major, just wanted to share
Like you, I do love the thickness of 'em. And the combination of reeded and lettered edge is cool. Was cool actually spending some in a vending machine in the UK on my one (and so far only) trip over there, back in 2013. (Go ahead and roll yer eyes at me, Brits. There you go.) NEMO ME IMPUNE LACESSSIT = "No one strikes me with impunity", I believe? Sort of a Latin "Don't Tread On Me", I guess. PS: Google says it's "No one provokes me with impunity". PPS: I sense the destiny of that coin to be your "lucky pocket piece" for a while. See if natural pocket wear smooths out all those scuffs over time.
Well, currently that £1 coin is worth $1.30 ... but yes, unless it ends up in a collection (beaten as it is ), it should be spent soon. Those "old" pound coins will cease to be legal tender in mid-October, so in about five months. Christian
The round pound that was found on the ground and looked like a hound will not be worth a cent when November comes around.
Those earlier quids are going to be demonetised later this year because of the rash of counterfeits. The replacement bi-metallic coins were released on 28th March and are alleged to be more deterrent to forgers. We'll see.
Hope I am not getting off sides here, the term "demonetized" caught my attention. Question: Have any US coins or paper money ever been demonetized or are they all still "legal tender for all debts public and private"?
I just goggled "US Trade Dollar numista" and found this: "These were the only US coins ever to be demonetized (to force usage of the Morgan dollar, which had a slightly lower silver content). However, the Coinage Act of 1965 re-monetized it via section 102, which makes all coins and currency of the United States legal tender without limit." I am just regurgitating what I found online, not professing any superior knowledge!
Maybe the large cents were not demonetized. But after a certain date the mint no longer accepted them as trade for the newer small cents.
