News

Is it the end of the five cent coin cluttering our wallets?

Brad Fitzgibbon with 5 cent pieces. Photo: Bev Lacey/The Chronicle
Brad Fitzgibbon with 5 cent pieces. Photo: Bev Lacey/The Chronicle Bev Lacey

FIVE facts you may not have known about the five cent piece

  • It was first introduced with decimal currency on 14 February 1966
  • The original reverse design of the echidna has not been changed since the introduction.
  • All of the first issue of five cent coins in 1966 were produced at the Royal Mint, London.
  • No five cent coins were produced in 1985 or 1986
  • The composition of the coin is 75% copper and 25% nickel

It may  be the end of the five cent piece after tonight's budget if the Turnbull government gets it's way.

It is a tough little nut, however, as two years ago, after it was reported our smallest coin actually costs six cents to make, it is still here.

Back in 2014 the head of the Commonwealth's Canberra coin factory told a Senate Estimates hearing that it was costing six cents per piece to produce a five cent coin.

And it is still here today.

SWEET BARGAIN: Valerie McWhirter from North Lismore News with lollies you can buy for five cents.
SWEET BARGAIN: Valerie McWhirter from North Lismore News with lollies you can buy for five cents. Cathy Adams

Last year we asked our readers what we could do with or buy with a five cent piece and we thought we would remind you of the answers.

North Lismore Newsagency is a gold mine for sweet tooths, stocking favourites like freckles, strawberries and cream, milk bottles, raspberries and chico babies.

YOUR THOUGHTS: Five good uses for five cents

  1. Lollies at some shops, among them Muzzas Milk Bar in Evans Head and the the Dunoon store - Alison Stegeman, Karen Johnson 
  2. It adds up and the tooth fairy sometimes gives lots of five cents ... 20 x five cents is a nice surprise when you lose your first tooth. Way more fun than a dollar coin - Erin Watts
  3. The best things ever to scratch a scratchie with! Seriously! - Mel Bower
  4. Lemons and limes at the Rosebank Rd fruit stall - Maureen Keane
  5. Yoghurt frogs, and carrot sticks at school canteen Michele Nichols Sulter 

Comments from The Northern Star's Facebook page

We're talking about the relevance of 5 cent coins in our office today. Do you think 5c coins are still relevant? Can you name something you can buy for 5c and where?

Posted by The Northern Star on Sunday, March 29, 2015

Dunoon General Store owner Kristen Bradford said customers could buy lollies including purple clouds, pigs ears and jaffas for five cents.

"Allens lollies did just have a price rise and they went up to three for 20 cents," she said.

The recent price rise for lollies means Goolmangar Store no longer sells anything for five cents.

The Channon General Store owner Kathy Bell said gummi bears, jelly beans and jaffas were four cents each.

Nothing can be purchased for five cents at Woolworths stores on the Northern Rivers.

At Coles supermarkets customers can only get individual produce items like a bean for five cents; no shelf items are priced at five cents.

Topics:  cost of living, editors picks, money saver



How can we prevent shark attacks on the North Coast?

Multiple people attended the scene at Lighthouse Beach where a shark attack took place around 9:30 on Monday morning. Photo Marc Stapelberg / The Northern Star

How can further shark attacks on the North Coast be prevented?

Better, faster, more powerful: Look at our new cop cars

Highway patrol Sergeant Dave Carter with the new XR8 Falcons which have been delivered to the area. Photo Marc Stapelberg / The Northern Star

"We won't be hiding behind the bushes"

Photos: Our big winners at the Northern Rivers Regional Business Award

WELL DONE: Stone and Wood Brewing Co. came out on top.

Full list of winners from the Northern Rivers' night of nights

Local Partners

MOVIE REVIEW: Storks delivers family fun

A scene from the movie Storks.

ANIMATION can be hit or miss but when it hits, it hits hard.

Nick 'the snake' to call the shots on Survivor jury

Australian Survivor contestant Nick Iadanza.

LATEST evictee is out of the game but will still have a say.

From purr to a roar, Meow Meow is not kitten

ANYTHING IS PAWSIBLE: Acclaimed cabaret star Meow Meow returns to Lismore.

Anything can happen during her local shows this week

Break strings, not hearts

Ukulele player A. J. Leonard and cellist Jenny Rowling.

Master ukulelist visits this week

More Northern River schools needed to be counted in

John Foreman and Jay Laga'aia at a songwriting workshop earlier this year.

Music - Count Us In will be held in November

Naomi Watts and Liev Schreiber split

Naomi Watts and Liev Schreiber

Naomi Watts and Liev Schreiber have split after 11 years together.

Buyers forking out millions

Owners benefiting from undersupplied Northern Rivers market

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Sunshine Beach property breaks real estate record

The property overlooks Sunshine Beach, as the backyard lawn meets the sand.

Sunshine Beach mansion sale smashes real estate record

New $33 million development planned for Ballina Shire

The site of a proposed seniors living development at Skennars Head.

Plans include 211 homes, clubhouse and recreational facilities

SOLD: Historic hotel finds new owner

Post Office Hotel Grafton

Photo Adam Hourigan / The Daily Examiner

Pub in new hands and heading in a brand new direction