How Coins Are Made at the Royal Australian Mint
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- Опубликовано: 28 сен 2024
- I look at how Australia's coins are manufactured at the Royal Australian Mint.
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#Nusismatics #currency #mint
When I went to the Bureau of Engraving and Printing in Washington DC a few years ago they had a sign hanging above one of the printing presses: "Free samples. Tomorrow only"
I thought that was nice 😉
Interesting Dave here in the UK 🇬🇧 we've had our first King Charles 50p coin being the memorial 50pence so I'm surprised Australia 🇦🇺 hasn't caught up.
2 barrels then you refurbish the die set. As they are not proof minor wear is tolerated, as the coins will wear in service anyway, but they do last a much longer time than notes, so there likely are still old original press coins around.
Fun thing is the old brass and nickel coins are actually worth more as scrap metal than as coinage, so there were a few "enterprising" types who would melt them down for scrap metal, though they were eventually found out, and probably still are a "guest" in the grey bar hotel, for destruction of mint property.
This^^^
@@costerth The mint by me does a big part of their business in doing Euro cents, which is why you find so many country coins are the same diameter and thickness, because they all use the same metal blanks as source.
But those designs sure are beautiful.
Dave at the 15 minute of your RUclips mark the machine is a grinder. Where the work is held down the table slides side ways to the operator (up and down to us). Similar to the pink wheel at the rear of the machine (very soft wheel).
Hi Dave! As a numismatic nerd myself, I know how much non-collectors' eyes quickly glaze over when you talk about your collection. That being said, I'd love to see some of your favorites, especially those Aussie bucks!
Dave seems to have the key to the city at this point lol
Australia makes plastic banknotes*!
* Australian banknotes are printed on polymer, a type of plastic, and they have a distinctive feel. Polymer banknotes were developed to make our currency more difficult to counterfeit. The polymer makes it possible to include a range of security features on our banknotes.
Ok ChatGPT
Same in the UK
@@zebo-the-fat Australia's been doing polymer since 1987 ;)
They also make coins for some pacific countries that can't justify having a mint.
Can’t wait to see the dumpster dive video you made there after the visit! 😂
This is a great Satisfactory build! lol
Ive Been There
I have to say... beautiful coins have you, they be precious.
Money printer go brrrrr...
I thought this involved hashing large numbers with zeros in front of them
If you want to show off your coin collection I'd be interested. But be careful not to reveal anything about where they're stored and don't show much of anything unless you make very clear they're stored elsewhere, like at a Bank vault.
Show us the money 😁👍👍
Hm. I haven't paid for anything with coins (or cash for that matter) in years. If it's not online, it's plastic. Do Aussies actually carry coins and cash?
That's the most European thing I've ever heard
@@joeambly6807 American in my case.
I do appreciate the art and aesthetics of coins, but we really need to stop using them for cash purposes. Vestige of a bygone era imo (-8
I have one of the Charles &Diana Crowns, that was Mis-Stamped, I sent it to the Royal Mint in Llantrisant South Wales, And received a nice letter from a Professor who authenticated the coin for me and explained how it became Mis-Stamped, and should not have got past Quality control, -he also said it was the first one he had seen, other than two more from the QC at the mint. I have no Idea of it's value or if there are any more out there, Would love to see your collection.
Money printer go brrrrrr
Ahh, the 12-years-olds have stopped by to leave a comment. 🙄🙄🙄
…and here’s a discarded die set I found in the dumpster earlier. ;)
I love this kind of content, thanks for sharing !!
Making some real hard Aussiebucks! :D
Interesting video; it's so nice of them to show the process. Here in Poland such facility would be locked down tighter than Ethel Granger's laces.
Forging coins as a way into official minting career... Same thing we've seen with cybersecurity, eh?
My claim to fame, during my fitting and machining apprenticeship I want to trades school with an apprentice from a precious metal stamping company in Melbourne that knocked out the coin blanks for the mint, amongst many other things.
He used to say walking out at the end of a sunny day workers’ clothes would be and nice and glittery. (and his boss used to vacuum up all the slivers, shavings and swarf when a run of expensive metal was complete)
No surprised you'd end up all glittery, I get glittery enough just cutting keys at work.
@@dglcomputers1498
Ha ha. Yep glittery with precious metals. Just added 50 bucks to the price of your jumper.
MOST rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Wow I'm just shocked you mentioned Mrs Brenda Leigh Van,I found her on a CNBC market interview, so I looked her up and we began our awesome partnership. Her services are exceptional
I think I'll get a set of fancy King Charles coins when they become available in Canuckistan.
Over here in Turkiye, the largest coin in circulation is the 1 Turkish Lira. It is worth 0.042 US$ as of today. Fun fact; the government actually loses money on every coin pressed because the cost of material (an alloy of copper, nickel and zinc) + production of each coin exceeds its monetary value.
Mmmmmmm.... Minty!
Wow, this video is really on the money!
Being automated I assume makes it a lot more difficult to rob. As you then have no insider or anyone you can hold hostage to get access. Like they did in the UK in the 80s.
That said, they could reprogram the system to load some finished product onto a wagon without booking it out. Just a different type of theft these days I guess.
shorter: how dollary-doos are made
How the mint in Poland works:
ruclips.net/video/rT8eoBir52E/видео.html&ab_channel=FabrykiwPolsce
The mint has hardly changed in the last 38 years
Soon WEF CBDC's in a virtual pocket near you and you will eat bugz and will be happy........or else.
Are they called planchets in Australia? Someone probably knows...
Yep, I know what that word means…………I just googled it. 👍
@@michaelslee4336 yes but depending on the region they call things differently...
@@grhinson
I know Cate Planchett. 😄
🤚 where's bitcoin made?
My oldest Aussie coin 1916
In the dreams of Unicorns!
@shazam6274 by unicorns 🦄 is that code for Uniswap? There's a crypto application that will make you a millionaire in the future using Uniswap. Swapping ETH for ... 🤑
120-ton press. Geez. Not gonna do that with my hardware store press. 😅
I spent an hour watching a robot pour barrels of $2 coins into a packaging machine. It was so mesmerising,
"only" lasts 2 barrels - i was actually surprised it did last this long, even more so when it is steel dies and not tungsten.
Thank you for bringing us along and narrating 🥂
I want to break in there and plant a Scrooge McDuck.
Please tell us about the minting of CBDCs as well!
What is the secret ingredient?
lol, Penny, Pence, and Florin.
in new zealand we don't have 5cent coins anymore
Hi Dave, thanks for the interesting look at the Australian Mint, it's a pity about the unruly children in the background.
For your info as a man with a Welsh surname. the UK mint is in Llantrisant South Wales and not in England any more.
Regards From Ray in North Wales.
How much it's cost to mint a one dollar Australian coin?
cool stuff Dave!..thanks for the look..id never seen inside the Mint before..
Coins? What are Coins?
How can I like this a fiat amount of times?
Quite dirty floor for a mint :-) Also using weight units for force makes my skin crawl a bit ;)
Don't be cringey. Presses are normally rated in tons or tonnes.
The floor in the coining hall is a heritage listed parquetry from Tasmanian oak