HOW COINS WEAR.
LOSS DURING CIRCULATION. There is a great deal of loss from wear in the silver coins in circulation. Halfcrowns, florins, shillings, and sixpences decrease in value annually by at least £li,ooo. A wonderful electrical instrument known as the induction balance shows that a coin actually loses a fraction of weight when a huger is passed over it. Hut it is when coins rub against each other in people’s pockets and purses, drop on a counter or on to the ground and so on, (hat thej r really wear, if you "ring” a coin to test its genuineness, you remove some of the metal of which it is composed. The smaller tile value of the coin, the greater the wear, as it is in use more constantly. Experiments show that in 100 years £IOO worth of half-crowns would lost £ls Hs 8d of their value. The same sum in shillings would decrease in value by £36 14s Id; whereas sixpences to the value of £IOO would be worth less than half what they were originally, losing metal to the value of £SO 18s Bd. Nowadays, when coins become very much worn, they are withdrawn from circulation,
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Otago Daily Times, Issue 19011, 6 November 1923, Page 8
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198HOW COINS WEAR. Otago Daily Times, Issue 19011, 6 November 1923, Page 8
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