Swiss 2-rappen: why shunned?

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villa66
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Swiss 2-rappen: why shunned?

Beitrag von villa66 » Di 17.09.19 17:39

This notebook entry for a Swiss 2-rappen…anyone have an idea why the 2-rappen was treated so poorly?

x: Switzerland’s 2-rappen reached its end with these 1974-dated pieces. No more 2-rappen pieces were struck, and those outstanding (of 1948-74) were demonetized on 1 January 1978. In a departure from the usual 20-year redeemability period for obsolete denominations, these pieces were redeemable at the Swiss National Bank only until 30 June 1979. I got tickled reading the SNB on this very abbreviated redemption window; here from its website (in 2015): “The worthless 2-centime coins might possibly have collector’s value. Unlike numismatists, antique shops or banks, the SNB does not deal in worthless coins.” Beautifully circular! (08)

The discontinued 1-rappen wasn't afforded this kind of disrespect. I wonder what made the 2-rappen different?

:) v.

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Mynter
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Re: Swiss 2-rappen: why shunned?

Beitrag von Mynter » Do 10.10.19 17:53

I could imagine that the answer is that " Money costs money ". Under this title " Geldgeschichtliche Nachrichten " in october of 1968 published a note on the productioncosts of the swiss coin wich I came across by pure incidence when I was scimming through my archive on the search for something else.
Regarding to Geldgeschichtlche Nachrichten in 1967 the mintingcosts where as follows :
1 Rappen @1,9 Rp a piece
2 Rappen @ 3,3 Rp
5 Rappen @2,5 Rp
10 Rappen @ 3,4 Rp
20 Rappen @4,2 Rp
1/2 Fr ( silver ) @41 Rp
1 Fr ( silver ) @ 75,8 Rp
2 Fr ( silver ) @159,4 Rp
5 Fr ( silver )@ 226,2 Rp

Compare the costs for the silver to the allaged costs for the proposed nickelcoins ( 1968 ) :
1/2 Fr ( nickel ) @ 4 Rp
1 Fr ( nickel ) @ 5,9 Rp
2 Fr (nickel ) @ 10 Rp

So perhaps the Swiss simply wanted to do away with one of the two denominations with productionprices over facevalue, and for being able to give correct change the 1 Rappen was sufficient? This could explain why the 2 Rappen was discontinued in 1974 but perhaps also why it was demonitised just 3 years later. I can imagine that a denomination not struck any more but legal tender still over the years would become somewhat of a phantom. Old supplies run out, fresh suppies are not to be gotten. Commerce and the public wonder if those ghosts really exists ( hence the italian 20 lire we discussed in summer ).In the sober eyes of a Bankauthority thuch " ghosting " is of no use and just a distraction, so perhaps it is for a best than to make a clear cut rather than let time settle the issue ?
Grüsse, Mynter

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