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Archive for 'coins'

Do You Hoard?

A news item caught my attention last night. On 31 July 2006 the Reserve Bank of New Zealand introduced some new coins. The 5c coin was made obselete, and they resized the 10, 20 and 50 cent pieces. I forget how many million coins they put into circulation at this date. I know it was a lot, but it seems a few million coins have gone missing.

The Reserve Bank are appealing for people to empty the jars of coins they collect and spend them so they go back into circulation. If people do this, they won’t have to spend money minting new coins.

According to the Reserve Bank the average person has two hundred coins on hand at once, and men are worse than women at hoarding coins. They empty their pockets and put the coins in a jar.

I have to say that I don’t hoard coins. I’m not one of the people who have two hundred coins hanging around. I use my coins to buy papers and milk, the odd ice cream, and I use them for bus fares. Nope, you won’t find stray coins hiding down the back of my couch!

What about you? Do you have two hundred coins hiding around the place? How is your partner with coins? Are you…gasp!!…a coin hoarder?