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 Replies: 37 / Views: 12,897 |
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Valued Member
Australia
85 Posts |
I was down at the Canberra mint last week and I asked the girl serving me if they have any round 50c pieces. She opened a draw and asked me how many did I want. They were in little plastic bags. Price was $20 each. I didn't buy any though.
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Pillar of the Community
 Australia
869 Posts |
What a rort...because they're not making enough as is.
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Valued Member
Australia
215 Posts |
I put a call out to my friends on facebook and managed to rustle one up for $9
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Valued Member
180 Posts |
Trainerman
Yes that is true,the mintshop has these in a package we have seen these as well
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Valued Member
Australia
215 Posts |
$20 is a heck of a lot when even at ebay prices they are cheaper |
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New Member
Australia
2 Posts |
Hi, I have paid $20 for UNC '66' 50 cent... Some on e-bay are asking more than that...
I do have some good contacts in the trade and am told there value is about $12.. For some reason people seem to think they're highly valuable and a rare collectors coin, but truth Is there not worth more than the current price of silver..
Cheers
Ray
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Pillar of the Community
Australia
1041 Posts |
Just MO but while this € crisis is around,probaly for a few years,they will continue to rise in value so anything less than $20 will possibly turn out to be a good buy,worst case scenario is you will break even.
My aunt had 2 10L frying oil drums,from her days of owning a Hotel,full of them.Told me I could have them for face value in the 1990's but I never had the spare cash at the time.She had a stroke a few years later and when we visited she said I could have them but they had disappeared,felt uncomfortable about the situation so didn't push it but someone close to her picked up an easy few grand as they were worth around $4 at the time.
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Pillar of the Community
Australia
7096 Posts |
they contain 0.3416 Oz of silver with a current value of $9.87 AUD and that is all they are really worth unless they are UNC or better.
With a mintage of 36,454,000 they are most certainly not a rare numismatic item by any means.
They are probably the easiest and cheapest of the 50 cent coins to acquire in UNC condition.
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Pillar of the Community
Australia
762 Posts |
Quote:
Just MO but while this € crisis is around,probaly for a few years,they will continue to rise in value so anything less than $20 will possibly turn out to be a good buy,worst case scenario is you will break even. I wouldn't bank on it. Silver hit a high of $48 an ounce a year ago but since then has been hovering around $30. For those people who bought silver in May 2011 it has been a spectacularly poor investment. If you bought a round 50c for $20 hoping that the silver price would catch up you would be in for a long wait. It would have to reach $60 an ounce just to break even and it shows no sign of doing that. |
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Pillar of the Community
Australia
1041 Posts |
I understand all that but thats not the point I'm making,its plain old vanilla supply/demand that controls the price,since ebay has taken over Stamps/Coins the 66 50c has always been above the bullion value.Anyway time will tell but I'm prepared to say that in 5 years time you will struggle to buy one for under A$20. |
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Valued Member
Australia
216 Posts |
Hey Basil, That sound like a perfect bet... Shall we say 50 cents, a round one of course  Still while I under stand what you are basing you opinion on, and you may very well be right, I'm personally very nervous about the next 5 - 10 years. Right now no-one has any idea what will happen in Europe, US and China/India. Nervous times usually increase the price of precious metals. Pete |
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Pillar of the Community
Australia
7096 Posts |
Quote:
Anyway time will tell but I'm prepared to say that in 5 years time you will struggle to buy one for under A$20 If you buy 30 1966 50 cent coins at $12 you will get 10.2471oz of silver worth $296.03 at today's silver price. At a cost of $360.00 you are paying a premium of $63.97 for your silver. If you bought a 10oz bar from the Perth Mint at today's price of $308.80 you will only be paying a $19.80 premium. I would imagine it would be easier to liquidate a 10oz bar from a reputable mint than it would be to try and sell all the coins. I am not saying that the silver 50 cents are not worth keeping but at $12 each they are not the best way to invest in silver bullion |
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Pillar of the Community
Australia
1041 Posts |
OK Pete,1966 UNC 50c that in 5 years time their value is $20+.(if I'm still around).  .I agree thou.,volatile times and who knows where it will all end but many believe the Silver-Gold ratio is askew that will eventually balance out,ie.Gold falling or Silver rising. Quote:
For some reason people seem to think they're highly valuable and a rare collectors coin, but truth Is there not worth more than the current price of silver.. This is the point,its not the bullion value,its an iconic coin that has built up a reputation amongst non-collectors for decades. Edited by Basil
05/13/2012 12:31 am
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Pillar of the Community
Australia
877 Posts |
Of course, if you are b_j_w_79's fiance and go to the bank to get some noodling coins you will buy 70 silver rounds for face value! Now that is a good price.  (I can't find the post but he did mention it here recently.) Jeff |
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Valued Member
Australia
318 Posts |
I'd agree with basil; I have a silver jar full of pre 1945 silver, and 1966 silver 50. I love throwing silver 50's in the jar! I think if you are able to hold them you will be in for a good gain long term
--> The question isn't mintage #, how many were melted down in the 1980s during the silver peak?
--> How many total have been melted down?
I don't think mintage figure should be factored in. This will never be a super expensive coin, but I still think $20+ is super realistic.
I purchased one today $12.03 including postage. Stoked.
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Replies: 37 / Views: 12,897 |
First Page
Posted 05/06/2012 08:23 am
