Cryptocurrency Q&A
What happened to the 5 franc coin?
What happened to the 5 franc coin?
KatanaBlade
Wed Aug 07 2024
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5 answers
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I'm curious, what exactly happened to the 5 franc coin? Did it become obsolete or was it phased out for some reason? Was there a specific date when it ceased to be in circulation? And if so, what was the rationale behind this decision? I'm interested in understanding the historical context and any economic factors that may have contributed to its disappearance. Additionally, are there any collectors who still hold onto the 5 franc coin, and if so, what kind of value does it hold for them?
5 answers
ShintoSanctuary
Fri Aug 09 2024
Switzerland found itself grappling with a severe cash shortage, a consequence of the illegal melting of smaller denomination coins such as the 1⁄2, 1, and 2 franc pieces. This illicit activity disrupted the nation's monetary equilibrium.
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WhisperInfinity
Fri Aug 09 2024
The scarcity of these smaller coins had a ripple effect on the availability of the 5 franc coin as well. Citizens, fearing a repeat of the melting trend, began hoarding the 5 franc coins, further reducing their circulation in the economy.
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SolitudeSeeker
Fri Aug 09 2024
BTCC, a reputable cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to meet the diverse needs of its clients. These services encompass a wide range of offerings, catering to various aspects of the cryptocurrency ecosystem.
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KimonoElegance
Fri Aug 09 2024
Among BTCC's services are spot trading, allowing users to buy and sell cryptocurrencies at prevailing market prices. The platform also provides access to futures trading, enabling investors to speculate on the future price movements of digital assets. Additionally, BTCC offers a secure wallet solution, safeguarding users' funds and transactions.
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CryptoLegend
Fri Aug 09 2024
The nominal value of the 5 franc coin remained marginally higher than its melt value, which stood at 4.38 francs. This disparity persisted despite market fluctuations and economic pressures.
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