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 Replies: 26 / Views: 4,052 |
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Valued Member
Australia
490 Posts |
Well done Australian coin, had a similar experience a few months back, my local post office had 2010 proof set on display for $60, I asked if that was the correct price and was told it was, how many do you have was my next question ;-) I bought the three remaining sets in stock!
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Pillar of the Community
Australia
762 Posts |
The pre decimal market is pretty much settled as it has been going for nearly 50 years.
My guess is that there are sleepers in the decimal market.
Forget the commemorative coins, every man and his dog takes them out of circulation. The 1985, 1991 and 1997 10c have tiny mintages by modern standards as does the 1972, 1973, 1974 & 1997 50c, there are a few low mintage year $1 and $2 coins.
If the RAM decide to standardise our coins (like they have in Britain and New Zealand) then the demand for these low mintage years will skyrocket, much like the interest in the 1972 5c already has thanks to speculation that the 5c will be discontinued
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Pillar of the Community
1119 Posts |
i started of on a parliament house theme, but after coming across a few low mintage coins I am in 2 minds abut it now.
Australian coin, made a lot of sense to me with her earlier post.
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Valued Member
Australia
312 Posts |
For me, I still think the pre-decimal coins are my first choice in term of long term investment, but need pick up the theme carefully, especially the grades. Old coins does not alwasy bring you fortune. Right now, I focus on Crown, 1927 Canberra Florin and 1934-35 Melbourne Centenary Florin, 1966 50c.
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Pillar of the Community
Australia
652 Posts |
The coins that I have that I expect (hope)to rise in value are: - 40 Years of Decimal Currency - $1 Proof Mule
- 50th Anniversary of Television - no mint mark (I have two)
 - 1966 Wavy 20 cent
- 2000 Mule $1
- 'Goose' $1
- Counterstamped $1s
- 1972 high quality 5 cent
- 1960's 2 cent
Edited by Yass
12/09/2011 6:06 pm
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Bedrock of the Community
Australia
21788 Posts |
Would the 50 Cent 'incuse flag' be a sleeper? I have never seen one.
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Pillar of the Community
1119 Posts |
1977 ten cent piece is a low mintage, strangely I dont seem much about them. I found 3 over the last 7-8 days in change.
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Pillar of the Community
Australia
652 Posts |
Quote:
Would the 50 Cent 'incuse flag' be a sleeper? I have never seen one.
I would think so, certainly the high quality ones. |
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Pillar of the Community
Australia
762 Posts |
Quote:
1977 ten cent piece is a low mintage, strangely I dont seem much about them. I found 3 over the last 7-8 days in change.
I asked a question about this coin in another thread. The 1977 10c has a lower mintage than the 1972 10c but I have found that in my noodlings the 1977 10c has been about 5 times more common. It is interesting that I'm not the only one to find them more common than they have any right to be. |
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Pillar of the Community
Australia
1005 Posts |
MobOfRoos,
The mintage is only one part.
The proportion of them to the total number made makes them more (or less) easy to find.
The 1972 5c is .2 of a percent of the total number 5 cent pieces produced up until 2008.
I have not done the same calculations for the 10 cent coins, but it appears that the 1977 10c is a higher proportion of the coins produced.
1977 is also newer, so there will have been less time for natural attrition.
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Pillar of the Community
Australia
762 Posts |
ozcoins, I was comparing the 1977 10c to the 1972 10c.
The 1977 10c has a mintage of 10,940,000 whereas the 1972 10c has a mintage of 12,502,000. The 1972 10c has been circulating for 5 more years but considering that both coins are over 30 years old I wouldn't think it would make a huge difference to the relative numbers in circulation at present.
My estimation is that there should be about the same number of 1977 10c in circulation as there are 1972 10c (allowing for 5 extra years of attrition). My noodling however indicates that there are significantly more 1977 10c than there are 1972 10c.
To get this back on topic I will say that low mintage decimal coins are the "sleepers".
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Pillar of the Community
1119 Posts |
only 5 years difference from 72 to 77, I'm hanging onto every one I find :)
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Pillar of the Community
Australia
1005 Posts |
Hi MobOfRoos,
My reference to 5c should have had "for example" in front of it.
That might make more sense.
Your estimate that the 72 and 77 10 cents should be about the same sounds fair enough to me.
I found a strange thing when I first started noodling 5 cent coins to make full sets.
For quite some time I had more 72s than 78s.
It was not until I had 8 of each that the 78s overtook the 72s.
From the numbers made and other factors like age and 72s being collected from circulation, I would never have expected that to happen.
Also back on topic I agree completely that the rarer decimal coins are real sleepers.
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Pillar of the Community
Australia
515 Posts |
I aspire to the no mintmark $1's. It's one of the big ticket items that I don't have in my collection. Mark and I were reminiscing about a collector at an ANDA show a few years ago who took her portable press dollar back because it didn't have a mintmark......d'oh -I'll take that off your hands ma'am. They already command a high price though so I wouldn't call them sleepers. Lucky to those who "got" one for $10 or less! I believe the Land Series Frilled Lizard to be a big sleeper. http://www.australian-threepence.co...-series.htmlEdited by the-purple-penny
12/11/2011 02:28 am
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Valued Member
Australia
312 Posts |
Hope Land Series Frilled Lizard to be the big sleeper
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Replies: 26 / Views: 4,052 |
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First Page
Posted 12/07/2011 04:15 am
