A worthless painted coin?

Colored coin!What is exactly the deal with these colored coins that keep appearing. It was a question that kept playing in my head and after some research I finally got an idea. I started wondering with the appearance of the colored 5 euro coin where there were suddenly some non official versions, only to notice that these non official versions were not called ‘illegal’. It seemed that anyone is allowed to paint their coins.

According to the law once a coin is painted it is no longer a legal form of tender. They are coins with a defect and are removed from the payment systems. As a collectible item they are nice to have and some are really pieces of art, and as such represent a certain value, but for making legal payments these coins are worthless. On the facebook page by the Royal Dutch Mint a number of critical questions were asked and you can read the following (about the Orange Lucky Dime, translated from Dutch):

  • RoyalDutchMint: … the Lucky Dime is made using an authentic 10 euro cent 2012, and the base of the coins is a legal form of tender but the dime is intended to be collected. The Royal Dutch Mint does not guarantee the coin can be used for making payments.
  • RoyalDutchMint: …, the original version of the Orange Lucky Dime 2012 is a legal form of payment. However, due to the added coloring the coin does not formally submit to the euro coin specifications and as such can be refused to serve as payment. This implies that the legal status as applies to the other 8 euro coins does not apply to the colored coins.

The peculiar thing is that the Royal Dutch Mint sells these colored coins and they seem to be quite unclear regarding the legal state of these coins. On their website they advertise these colored coins with these texts:

  • First official Dutch 10 cent euro 2012 in Orange.
  • Nominal value: 0,10 euro

They do seem to be referring to normal 10 cent coins. Still, they are worthless coins that are being sold alongside normal coins seemingly like they are similar products. The colored coins are a lot more expensive, but that they are not really legal tender only becomes clear after quite some investigation. It would be prudent if somehow this confusion was removed and it was made clear these colored coins represent a pretty and innovative product intended for collectors and that it does not represent legal tender.

A colored coin will not buy you anything but I think that still a lot of people would be interested in these pretty coins.

More coin related news.

Walk and crawl classes

Raising a kid is sometimes a very tiring occupation. Alex is on the verge to start crawling, so every now and then we try and give his some crawl and walking classes. Hopefully he will master the act quickly because even after a short class I’m beat. I’m getting old!

Tina Cousins – Pray

Tina Cousins – Pray

What a miracle is life
the fields are high and the fruit is ripe
so hold out your hands
yeah, hold out your hands
and you’re the same as me
you breathe the air I breathe
and we don’t understand, yeah
we don’t understand

We all see the same sun
each day a golden praise is sung
to the wonder of man
yeah, to the wonder of man
and when we look why can’t we see
all the riches that are free
oh we don’t understand, yeah
we don’t understand

And if you don’t ask questions you won’t know why
so say a prayer for the time while there’s still time
so pray for good and pray for love
pray for peace and pray it’s enough
pray for salvation
pray that we’re right
pray one day we’ll open our eyes, and
pray for them and pray for us
pray one day we can live as one
pray for the children whose time is to come
just pray they forgive us for the stupid things we’ve done

The clip

Don’t underestimate the baby

Alex and Chisca!In this picture we see little Alex quietly observing a nearby animal. A little later Alex decided to connect with the cat in a strange manner. He pulled her little leg quite hard. The cat decided it would be better to avoid little babies for a while and did not show himself the rest of the evening.

Selling colored coins

oranjegeluksdubbeltjeColored coins are appearing in quick succession, and it seems the Royal Dutch Mint has found a need goose with golden eggs. His time they are selling 10 eurocent coins for 5 euros. Very easy money. The coins are sold as lucky dimes and have the number 10 on the front of the coin painted in orange. The entire set comes packages in a piece of cardboard, ready to be collected. Of course the person collecting this coin will be expected to pay 5000% more than the face value of the coin.

How long will it take this time for a cheaper alternative to arise to the colored coins. It is perfectly legal and with a potential markup of 5000% it seems to be very much worthwhile. It can even get better, you can paint your own coin! Just imagine, a little bit of creativity and a little bit of paint and all of a sudden a 10 cent coins is worth a lot more. Using the KNM markup you could even sell a home painted 2 euro coin for 100 euros.

Needed:

  • Colored Enamel Paint
  • Metallic Enamel Paint
  • Tiny Soft-Bristle Paintbrush

Instructions for painting or coloring an existing coin
1 – Quickly wash existing coin in warm water and mild soap. Use a soft-bristled toothbrush to gently scrub dirt from crevices of the coin’s surface. Pat coin dry with a soft cloth.
2 – Mix enamel paints to a smooth consistency by adding small drops of warm water. If using different colored paints, determine what the finished painted coin will look like. Practice with the paints by drawing a coin on a piece of paper.
3 – Lay the coin backside down on some paper. Carefully paint over the areas of the coin’s face. Let the front side of the coin dry naturally for 3-4 hours before turning it over to paint the backside. If using metallic paints such gold or silver, paint several layers of paint onto the coins. Let one paint layer dry before painting on the next layer.

The Wise Man’s Fear

The Wise Mans FearIn the beginning of this year I read the first part of the Kingkiller trilogy, The Name of the Wind by Patrick Rothfuss. The first part was a pretty thick book counting 662 pages and the second book even contained 994 pages. Still I read this book almost without pause.

The main character is telling us about his life for which he needs three days. Book one contains the first day in which he is telling us about his life. The second book contains the second day. Again it is a very engaging story that is absolutely worthwhile. The hero of the book starts as a poor student who slowly develops into a very powerful character with a heavy purse.

Part three promises to be a very interesting book, because it will contain the last day where we will read the rest of the heroes life. The book is already written, but sadly we will have to wait. The book is expected to be published in may next year. Quite a wait…