I also love my cash, but I'm pretty sure that the switch to digital only is
pretty much irreversible, in the western world at least.
You can't get cash from some regional branches of the ANZ. You have to use the branch's ATM. The big four continue to close branches, so eventually whether they give out cash or not will become irrelevant, as you will have trouble finding a branch.
Incidentally, many people are collecting the coloured $2 coins, knowing that they can always spend their collection if they ever need to.
Some of the lower mintage ones are fetching good money. When cash eventually ceases to be usable, I wonder what will happen to the
value of those collections, as I imagine that many collectors will spend their collections while they still can. Would that push up the value of collections that were retained? When cash is withdrawn from circulation will some of the people tasked with destroying the coins keep some
of the collectable ones for themselves, or dutifully destroy them all?
raymo
Last edited by raymo; 06-07-2023 at 12:39 PM.
Reason: more text
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