| Author |
Replies: 59 / Views: 7,933 |
|
|
|
Pillar of the Community
 Australia
1041 Posts |
wwwww you are spot on just read it I like weird coins but that don't do much for me the 20c is out of my list I have that 20c struck on the $1 planchet with the huge die crack it would do better then that 20 pence were on it does it say 20c anyway 
|
|
Valued Member
Australia
315 Posts |
Nice coin but still an error coin, I can't see it being worth 11K anytime soon like the pattern. Interesting about the 2005 proof, I think your on the right track. Honestly, there is NO decimal that has been issued yet that will make a million dollars in the next 20yrs
|
|
Pillar of the Community
 Australia
1041 Posts |
we will see with super fund in the mix it will only drive up and up they said that in the pre decimal times and now look its a error yep most are or we would not be talking about them if they were not errors
|
|
Pillar of the Community
Australia
852 Posts |
Does the 1 ton gold coin that Perth struck count? Same with the other heavy bullion coins. With inflation a million dollars might be a modest amount of money in a few decades.
|
|
Valued Member
Australia
338 Posts |
While it wont fetch the 1 Million mark for sure, the 2010 Heritage Set Coins to me are future rarities. With only 400 produced of the round 50 cent and 1, 2 cent pieces, I believe these will be valuable in years to come.
Moving beyond mint/proof sets seems to be the key to a million dollar coin and therefore, I believe the 5 cent varieties are a good area for growth. At least to me, they seem to be undervalued. The 1987 High Echidna is a rare item for sure. Granted these won't be million dollar coins, they're nice rarities!
|
|
Pillar of the Community
 Australia
1041 Posts |
downies auctions lot 332 scalloped 20c on hong kong planchet will make $15000 to $18000 next week at downies on a estimate of $4000 the future is decimal that my guess
|
|
Valued Member
Australia
315 Posts |
decimal is definitely the future at the moment BUT if the mint stops producing coins and we turn into a cashless society, Numismatics would collapse in Australia. This could easily happen as we do use our cards to pay for most things. It's a win win situation if the government wants to do this as 1. The billions of dollars they will save in non production of currency 2. The government can watch everyones income, it gets rid of people working and not paying taxes. I am still going with that there is no decimal coin that has been produced so far that will get to 1 million in the next 20yrs and I highly doubt that we will even have currency in 20yrs and this is everyones fault/ especially the banks since we can use our cards in any country
|
|
Pillar of the Community
 Australia
1041 Posts |
cashless future not in our life time collecting is collecting there always will be collectors
|
|
Valued Member
Australia
315 Posts |
But people will only collect what they know, and once the collectors start dying off, so would numismatics. Prices would start falling within a couple of years. The way of the world is starting already to turn into a cashless society. My business takes 65k a day and there would only be less than 5k in currency. Its only a matter of time.
Edited by coinsaus 02/14/2014 05:31 am
|
|
Valued Member
Australia
295 Posts |
65K A DAY!  You have just boggled my brain. You may not want to put it on this forum, but I would really love to know what type of business you have. And if you ever want to mentor someone in business success, then pick me.  I might make some money that way, as I don't think I am going to make my millions with coins ...
|
|
Pillar of the Community
 Australia
1041 Posts |
awildeheart the way I pick coins I wont make mine that way and I want the mentor job also you not from Griffith coinsaus
|
|
Pillar of the Community
Australia
852 Posts |
Lots of places turn over 65 grand/day. I worked in a mid sized petrol station that did 15 grand and that was 20 years ago when petrol was 70 cents.
Many places will no longer accept cash (stockbrokers, real estate agents, online shopping, utilities)and require payment by transfers and direct debit. Does anybody still get their weekly paypacket as cash? Even for small payments lots of things are tap and go or require the use of pre-paid cards (my bus for example). My state (NSW) is now rolling out the Opal Card so before long they will limit ticket sales at most stations. Not many coin operated phones left and even vending machines will soon stop using coins. So another 5 years and they will start phasing out cash and soon after that the only money being made will be NCLT grannybait.
|
|
Valued Member
Australia
338 Posts |
While the current banking system is moving towards a cashless system for the reasons sated above, total control of cash flow, the assumption that the banking system will continue as-is over the next 5-10 years is perhaps a weak one. I agree that a cash-less system would eventuate IF the current system continues. However, the way the markets/banks/money system are currently set-up system longevity appears to be unlikely.
Moreover and closer to the point. If you look at other areas - silver collecting for example. No one uses silverware (proper silverware) anymore but that doesn't mean that the collectability of silver and silverware is in anyway reduced. The same goes for fountain pens and even stamps. These are large collector areas where the item being collected is losing its relevance in the world. Also, I would like to point out that the VAST majority of coin collecting in Australia (serious collecting) is based on pre-decimal coins which aren't used in circulation anyway :P. I have a sneaky feeling people had the same thoughts when they swapped from silver coins to base metal ;)
|
|
Pillar of the Community
 Australia
1041 Posts |
coins aus what 11k pattern you talking about I don't know of any pattern for 11k they are all well passed that already to get the 50c trial or the 1977coa or the 20c bimetal you will need 30k now they are on a run the scalloped 20c at downies tomorrow will bring 20k with coms on a bulls---t 4000 estimate
|
|
Valued Member
Australia
315 Posts |
|
| |
Replies: 59 / Views: 7,933 |