| Author |
 Topic  |
Learjet
Pillar Of The Community
Australia
648 Posts
|
Presently "S" Mintmark 50 years of TV $1 coins are being minted at the portable press at the Royal Easter Show. Many of them are selling like hot cakes on eBay. Apparently only 8000 are being minted at the show.
Now I can get "S" mintmark TV coins through the local coin dealer next week for less cost, but this is where I'm confused. What's the difference? There is TWO "S" mintmarks? Or is the coin dealer getting their share from the show? I don't understand.
|
|
|
|
Valued Member
Australia
281 Posts |
I thought there were only "C" mintmarks
|
|
Pillar Of The Community
Australia
641 Posts |
This year the Ram will be releasing the ‘B', ‘S' and ‘M' mintmark coins. They will also release a special ‘TV' mintmark.
At this point of time there are only the 'C' and MYO 'S' mintmarks. The mint has yet to release the 'normal' 'S' mintmark.
|
|
Pillar Of The Community
Australia
1091 Posts |
Learjet, Yes there are two "S" mint marks.
The Mint mark dollars that are made in Camberra on the large regular press at the mint are ever so slightly different than the mint marks made on the portable press, that the Royal Australian Mint takes to the shows.
At the shows the coins are already made but without the mintmark. The portable press puts the mint mark on the coin. Hence the name "Mint Your Own".
So although only 8,000 "S" mintmarks will be done at the show, many thousands more will be made with the "S" mintmark in Camberra and sold through the Mints regular channels.
As far as I know, no mintmark dollar (with a unique design) has made it out into collectors hands without the mint mark. This is not for lack of asking. Every show collectors ask and ask for just one without the portable press making it's mark.
The mint is missing out here on another coin market, the no mint mark dollar. LOL
Edited: They do have the silver version of the coin without a mintmark.
Edited by toast
04/10/2006 01:33 am
|
|
Pillar Of The Community
Australia
648 Posts |
Hey thanks everyone. I have also had a good talk to the local coin dealer. He's a nice chap too, I'm very lucky to have him in my town. He's getting in the "S" mintmark next week so I'll get some then.
I'm going to try and collect each Mintmark for each coin released from now on.
Oh, what's special about the "TV" mintmark by the way?
|
|
Pillar Of The Community
Australia
1091 Posts |
quote:
Originally posted by Learjet
...Oh, what's special about the "TV" mintmark by the way?
Traditional a Mint mark is a mark to identify where the coins was minted. Some Examples: A = Adelaide B = Brisbane C = Camberra M = Melbourne S = Sydney P = Perth H = Hobart But that was the tradition. Over the last few years things are changing. We had a "G" for Gallipoli, while minted at the Australian war memorial. And an "A" for Australia or ANDA (still not clear). A "TV" mintmark, besides being two letters, will be a unique mint mark which will not be repeated on coins in later years. Unless we get coins minthed in Translvania. LOL.
|
|
Pillar Of The Community
Australia
648 Posts |
Ok I'm with you so far. It's special because there will never be another "TV" Mintmark, excluding Translvania. ;-)
That alone wouldn't make it valuable though? Especially if they mint a lot? Perhaps "special" doesn't mean valuable in this case?
I'm just wondering when it comes out in September or whenever if I should go mental and buy as many as I can afford... or just the usual amout, which in my case has been between 10 and 30 usually.
|
|
Valued Member
Australia
485 Posts |
Toast - Last year on eBay there was a 2000 HMAS Sydney coin minus the mintmark? sold. No other info except it's out there somewhere. Back then I had no idea of potential.
|
|
Pillar Of The Community
Australia
1091 Posts |
Learjet, When the coin is released perhaps we will find out if it's has any limit on the number made (if it's the standard, mint to demand, there will be a strong demand and many made). Most Aussie collectors tend to get more than one mint mark dollar in hope that the price will rise and they will have a few valuable coins. But it also means that the number of collectors would have to increase dramatically before any of these MM coin issues become rare. Still, every new collector tries to get all the back issue coins, and have to buy them so there is always a demand.
harrisjk, I missed that no mintmark dollar. I'm not surprised as the RAM does seem to make alot of mistakes. And don't all the collectors love it!
|
|
Pillar Of The Community
Australia
840 Posts |
TV mint mark will have a mintage of 50000, the rest will be mint to demand.
|
|
Pillar Of The Community
Australia
648 Posts |
How does "mint to demand" work exactly? What I mean is how long do they keep minting the coin for? There must be a cutoff point somewhere. Is it until the next mintmark is released? Or how long if there is only one mintmark?
Sorry for all the questions! But I'm having fun absorbing all the information so far and I can't learn fast enough!
|
|
Pillar Of The Community
United States
3147 Posts |
Hey Bigfella let us know when those TV mint marks are availabe. That in itself would be very unique so we will NEED some in the states!
|
|
Pillar Of The Community
Australia
648 Posts |
Should be September for the "TV" mintmark Crystalk64. They are bringing out the other mintmarks first.
|
|
Pillar Of The Community
Australia
840 Posts |
It will be in May that the B, S and TV mint marks will be out. Dealers will be on an allocation for the TV mint mark so they could be scarce.
Mint to demand means that they normally will mint as many as required up to a "cut off" date....normally around when the following years production starts.
|
|
Valued Member
Australia
65 Posts |
Interest on the TV Mintmark why alocated numbers to dealers
|
|
Pillar Of The Community
Australia
840 Posts |
That question is an easy one...last year with the G mint mark most dealers missed out. A few dealers ordered extremely early (my guess is before the dealer notice was issued as I ordered within 10 mins of getting my dealer notrice and missed out) and captured all of them.
I had a number of heated discussions with various employees (trying to keep it clean here) of the mint including the now departed Vivianne Thom (the ex CEO) about the "fair and equitable allocation" as she put it.
This time round with the expected to be popular TV mint mark to ensure all dealers get at least some coins based on I assume normal ordering patterns it will avoid the unfair situation that occured last year.
What is interesting to me is that one particular dealer that received a large number of G mint marked coins last year has advertised in a glossy brouchur I received today G mint mark $1. To advertise you need a reasonable quantity and presumably this was left over from last year. On the other hand there was me who has advertised none of these coins ever as I have never had any to sell! This is the very reason there has to be an allocation.
|
|
Topic |
|
Topic Locked
Posted 04/10/2006 12:02 am
