A Little Help Please

Hi Eric,
i decided after reading several threads to collect decimals from circulation and I have to thank Snooba and Triggersmob for helping me to get a head start!! I do buy the pre decimals when I see them as they make a nice contrast to my NZ pre decimal set. As for gold yes I am looking at collecting sovereigns and half sovereigns as the budget allows. As I have said before man you Aussies are lucky, you have such cool coins!!!!

John,

Your coins are on the way, I posted them yesterday. Let me know when they arrive, I'm interested to see how long it takes to get to N.Z.

Steve

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Originally posted by grouse12

....i am actively collecting Australian coins....what, in your opinion, would be a good type for me to start collecting?

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My advice would be to first get a copy of " A pocket guide to Australian Coins and Banknotes" by Greg McDonald.

Bigfella, a member of the forum can help you with this.

After that, I would suggest collecting the normal circulating coins at face value, until you decide what you like the most to collect. You'll find the Australian 50c have a lot of variety of designs as well as the $1 coins. You could try and collect 40 x 5 cent pieces all with different dates , but I find that less interesting than collecting different designs from around the world. Actually, I do have a 5c collection as well as the rest of the denominations, LOL.

New Zealand has had some Great Big Dollar coins in the past, some real beauties. I have a few of them. Were they ever in circulation as normal currency?

Australia has alot of NCLT (Non Circulating Legal Tender) coins. Often the older ones you can get from ebay for a fraction of the origional mint price. It seems most collectors like the "Look-a-Like" coins, like the different designed dollars that are made just for collectors but have a mintmark on them, or another design on the reverse but still the same size and metal as those in circulation. These coins tend to keep their issue value or increase in value with time. While NCLT coins of odd denominations or size tend to loose value quickly.

I have collected most of the older Australian NCLT coins. There are some that I consider a real bargain, like getting the $10 NCLT Uncirculated coins for about $15 each. I've bought a few of the $25 olympic coins for face value (they origionally sold in 1993 for $54.). If they never increase in value, I can always spend them. LOL.

Snooba's advice to collect what you love, is the best. I don't collect coins as an investment because There are really better ways to invest money. For me, Collecting coins as a hobby is fun, collecting coins as an investment is a worry.

Let me go bak to your original post
PNCs

This is another nice way of collecting coins.

You can get them through a dealer or you can subscribe via Australia Post and never miss a new one.

There are PNCs done by the Australia Post and there are PNCs done by private groups.

The coins differ in the PNCs- I have some with 1,5,10,50 cent &
$1, $2, $5 coins in them some are from private groups.
None are predecimal

Just another way to enjoy the Australian Coin collection.

Many of these have skyrocketed in price since their original retail launch price.

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Originally posted by rggoodie

Let me go back to your original post
PNCs..........

.......Many of these have skyrocketed in price since their original retail launch price.

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2000 $1 Last Anzacs - issue price $7.90 - retail price $125.00
2000 $1 Victoria Cross - issue price $9.85 - retail price $225.00
2002 50c Queens Accession - issue price $9.95 - retail price $165.00

Wish I'd bought some of those back then!!!

quote:

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Originally posted by Eric

Hey triggersmob: Nice collection. (I clicked the link beneath your comment.) How did you get to host it like that? Do we need to be premier members or can any one set it up?

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Hi Eric once you get past 50 posts you get a free gallery of your own I have one but I just havent had time to download any pictures into it yet!

Wow, thanks. I'll look into it.

John - First & foremost you must collect what you like, you'll keep an interest longer, then from there in my personal experience I tried to locate the highest grade possible and figured if I was going to collect coins then I would also try and find / buy the rarest of what I like & that my budget could afford all within the parameters of what I like to collect.
So I the end I do / will enjoyed my hobby immensely while added coins to the collection that will alway's be worth more than I payed, and long term I'm setting up my retirement fund.

I will never forget a story I was only told very recently...

In 1974 a good friend of mine bought a 1930 penny for $3000 dollars... So he picked the rarest of what he like to collect and could afford at the time, now that same 1930 penny is worth $30,000, so as I have mentioned although he bought a coin, he also bought an investment piece.