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Post by Norc Thu Oct 11, 2012 8:16 am

http://www.salon.com/2012/10/10/new_zealand_issues_hobbit_coins_as_legal_tender/
You'll find that legal tender Screen-Shot-2012-10-10-at-11.57.15-AM-460x307
New Zealand is selling money. with a picture of Bilbo on it.
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Post by Eldorion Thu Oct 11, 2012 8:17 am

The New Zealand government's obsession with the LOTR movies frightens me.
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Post by Norc Thu Oct 11, 2012 8:20 am

I find it exiting, what if my country were like that! Lembas bread at school and second breakfasts at cafes!
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Post by Norc Thu Oct 11, 2012 11:29 am

You'll find that legal tender Tumblr_mbpabcuGgn1qzcqywo2_1280You'll find that legal tender Tumblr_mbpabcuGgn1qzcqywo3_1280You'll find that legal tender Tumblr_mbpabcuGgn1qzcqywo4_1280
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Post by Pettytyrant101 Thu Oct 11, 2012 3:05 pm

You cant blame the NZ governemnt for not looking a gift horse in the mouth- they know it wont last forever and the thing with hype is you have to cash in on it while you can. Fair play to them- their semi deification of PJ seems a bit far mind you.

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Post by RA Thu Oct 11, 2012 4:35 pm

So if this movie doesn't do well, an entire country will mourn...

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Post by Eldorion Thu Oct 11, 2012 4:55 pm

Pettytyrant101 wrote:You cant blame the NZ governemnt for not looking a gift horse in the mouth- they know it wont last forever and the thing with hype is you have to cash in on it while you can. Fair play to them- their semi deification of PJ seems a bit far mind you.

Oh yoooouu! Laughing
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Post by Orwell Fri Oct 12, 2012 12:55 am

Can't lose as I see it.

Hobbit Movie Fan 1: Oh the movies were ghastly.

HMF2: I know.

HMF1: Did you know the NZ Gov issued coins?

HMF2: Really? Fancy having coins made up that will always remind people of such a bad movie!

HMF1: I know. It was a daft risk to take.

HMF2: Yes, I can see that. A country's coins? Amazing? What country?

HMF1: New Zealand.

HMF2: How daft!

HMF1: Yes indeed.

HMF2: Where is it?

HMF1: On the other side of the world.

HMF2: I wonder what other daft things happen down there.

HMF1: I'm not sure, but I've just gotta go down there and see on my next vacation.

HMF2: Me too!

HMF3: Well, I actually loved the movies, and I can't wait to go down and see the Hobbit sites!

HMF1: And get a whole kit of Middle Earth money that's actually in circulation?

HMF3: Of course! Real Middle Earth money, not something in a Gift Pack. I'm a genuine Hobbit nut you see.

HMF1 + 2: We do see... we do! cheers

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Post by Ally Fri Oct 12, 2012 1:04 am

As an expert monitarian I can categorically say that australian and new zealand economies may be linked

Which is gd/bd

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Post by Orwell Fri Oct 12, 2012 1:38 am

They're not, you know. Very Happy Or are you referring to the (apparent) fact that half the New Zealand population are on the dole in Ozhobbitstan? Mad

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Post by Pettytyrant101 Fri Oct 12, 2012 1:52 am

Very Happy You sound like an old Tory Orwell!

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Post by Orwell Fri Oct 12, 2012 2:22 am

Are you calling me 'old', Sonny Jim? Mad

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Post by chris63 Sat Oct 13, 2012 2:05 am

Back soon, got to spend a penny Smile

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Post by CC12 35 Sun Oct 28, 2012 11:12 pm

I think Ally is a trusted authority on the global encomenoy Smile

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Post by Forest Shepherd Fri Jan 29, 2021 10:27 am

The value increases...  Twisted Evil

https://coins.nzpost.co.nz/new-zealand/2012/hobbit-unexpected-journey

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Post by halfwise Fri Jan 29, 2021 1:13 pm

But New Zealand still gets only the face value. However as coinage leaves the country it counters any inflation.

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Post by Forest Shepherd Fri Jan 29, 2021 7:00 pm

The gold ones aren't worth face value, but far more.

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Post by halfwise Fri Jan 29, 2021 8:42 pm

yes, but the state that issues them can't circulate them for anything except face value.  They'll benefit from people driving up the exchange rate through acquiring these things, but the gummint only gets the legal face value.  No doubt they are quite pleased to let its citizens profit up to the point it pushes inflation, which is doubtful.

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Post by Forest Shepherd Wed Feb 03, 2021 6:20 am

I do not understand.

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Post by halfwise Wed Feb 03, 2021 12:00 pm

The people who buy the coins can resell them at greater than face value, but the government can only sell them at face value. So the government can only profit indirectly as the market value increases.

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Post by halfwise Tue Mar 02, 2021 10:57 pm

I'm musing on the various meanings of the word "tender" and how they are related.

Prone to being hurt as in "tender feet" I can see somehow related to careful not to hurt, as in "tender mother".

Currency of exchange as in "legal tender" is clearly related to an offering "tender a bill".

But how are those two large classes related to each other? scratch

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