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The Great British Coin Hunt

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Author Previous TopicReplies: 15 / Views: 3,930Next Topic  
New Member
Liberty1966's Avatar
United Kingdom
25 Posts
 Posted 02/25/2014  11:42 am Show Profile   Bookmark this topic Add Liberty1966 to your friends list Get a Link to this Message Number of Subscribers
Now that the Kew Garden 50p has gone from £8 to £45 how long before the Commonwealth Games Northern Ireland flag version £2 coin goes from £15 to three figure. All down to The Royal Mint launching a contemporary folder for 50p's and £1's and £2's and the sudden interest in collecting base metal modern coins. Still gets the kids interested.
Valued Member
United Kingdom
152 Posts
 Posted 02/25/2014  12:18 pm  Show Profile   Bookmark this reply Add numismatic biz to your friends list Get a Link to this Reply
Good

let them buy base metal modern coins at high value
while spending money on rubbish with NO real value in the long run, other
nice Silver or Gold coins are better buys.

Do you really think that these coins will hold there value in 10 years


yours

mchael
Pillar of the Community
United Kingdom
837 Posts
 Posted 02/25/2014  1:03 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
Do you really think that these coins will hold there value in 10 years


I firmly believe they will their scarcity makes that a near certainty, just look at the 2002 Commonwealth £2 coins , a set of 4 scratched well circulated ones now goes for more than £40 on ebay. Lots of new collectors are taking up the hobby and they are now looking for interesting coins so the demand is already going up as we speak and add to that - future coin coollectors will also want some of the same scarce coins in the near future so demand will vastly outstrip the supply and I`m sure you can guess the way the prices will head


@Liberty ,

You have just noticed the same trend I am seeing , the price (of the commonwealth games £2) has been creeping up steadily over the past few months , I suspect something similar will eventually happen with other low mintage £2 commemoratives like the Mary Rose , King James Bible, London Underground, both Olympic handover coins.....
Bedrock of the Community
NumisRob's Avatar
United Kingdom
17969 Posts
 Posted 02/25/2014  1:47 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
I don't think prices of these scarce modern commemoratives will go sky-high, but I think they have been undervalued in the past. They are about as scarce as the 1950 and 1951 pennies, so they will always be in demand if the pool of potential collectors is increasing.

It took me ages to get a Commonwealth Games Northern Ireland £2 in change!
Pillar of the Community
United Kingdom
837 Posts
 Posted 02/25/2014  1:55 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply
Interesting stuff ! Funny enough I am yet to get any of the commonwealth games £2 coins in my change
Valued Member
United Kingdom
152 Posts
 Posted 02/25/2014  2:40 pm  Show Profile   Bookmark this reply Add numismatic biz to your friends list Get a Link to this Reply
Sorry

I still believe that they will not hold there value,

RE New collectors in UK what new collectors do you mean pocket change collectors who never move on from just collecting pocket change.

I had a shop in Liverpool for 12 years selling coins etc. NOT one person under the age of 30 ever came in and asked about buying coins,banknotes,medals, I would say the average age would be around 50 years.

Remember loads of people just keep coins thinking they are rare so when the masses unload them prices will drop.

But Hey what do I know

Full time dealer in coins (32 Years)

yours

Michael




Pillar of the Community
United Kingdom
837 Posts
 Posted 02/25/2014  5:57 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:

I had a shop in Liverpool for 12 years selling coins etc. NOT one person under the age of 30 ever came in and asked about buying coins,banknotes,medals, I would say the average age would be around 50 years


Thats very interesting I suspect the reason for that maybe because people in their 20s want to spend their money on beers and all sorts of related stuff , while those in their 30s probably have families and young children so hobbies like acquiring pricey coins etc are taken to the back burner ...... and then by the time they reach their late 40s to 50s the kids are all grown up and have left the nest thus more money is available for indulging in luxurious coins, medals etc


Quote:
Remember loads of people just keep coins thinking they are rare so when the masses unload them prices will drop


Yeah that happens and will happen with some commemorative coins but I do wonder if the Kew garden 50p will be the coin to buck such a trend .... yeah while no one will make enough money off these coins to retire and live in a luxurious villa, there is some nice profit margins that will be made off some of them for those who are lucky enough and have realistic expectations ....
Edited by DaytR
02/25/2014 6:00 pm
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augsburger's Avatar
Germany
1064 Posts
 Posted 02/25/2014  9:40 pm  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
I don;t think prices are going up because of collectors, I think they're going up because everyone wants to make it rich. They get told something is rare, everyone wants it. There seem to be enough collectors to make them rare-ish, but I'm not sure it is collectors who are paying silly money to be honest.
Valued Member
United Kingdom
287 Posts
 Posted 02/26/2014  04:29 am  Show Profile   Bookmark this reply Add mashisback to your friends list Get a Link to this Reply
I am 27, and also know that a fair % of the CC members are in 20's/30's

I believe that different generations and different areas swop and change what they are interested in.

I think what the mint is doing is a good way to get new interest in coins (putting the 'finding treasure' buzz into coin collecting), I think a lot of people growing up find it interesting but never pursue it as a hobby.(maybe because it isn't considered 'cool' to most people my age and under) My interest personally isn't with new coins, because its the history of a coin or the era of people who may have used the coin that I find fascinating.

I think the negative views that a few take with the undated 20p's and Kews for example is wrong, because this is bringing through the next generation of coin collectors. Its like trying to get youngsters to sign up for the local football team, you wouldn't say its stupid because its so far from the real thing because 1 in however many of these youngsters will get a genuine interest/talent and be a big future contribution in that field.

Hope my random analogy made some sense :)

Let them join the hobby, then educate later, like me, 4 months ago I just liked coins but thought nothing more of it, now, I am addicted and have an ok but growing understanding/knowledge and collection.

On the other hand, the less collectors, the cheaper we get coins for! but equally..... The more the collector base grows, the more valuable our coins become!
Pillar of the Community
United Kingdom
837 Posts
 Posted 02/26/2014  5:02 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
I think what the mint is doing is a good way to get new interest in coins (putting the 'finding treasure' buzz into coin collecting)


The Royal Mint strategy will pay off in the long run. I have read a few posts from people who say they got into coin collecting as a result of the Olympics 50p`s and now they are graduating to 2 pound coins and before long... who knows they might be picking up proofs etc



Quote:
I think a lot of people growing up find it interesting but never pursue it as a hobby.(maybe because it isn't considered 'cool' to most people my age and under)


That rings a bell
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nalaberong's Avatar
Canada
2805 Posts
 Posted 02/26/2014  9:02 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
I am an unashamed collector of modern commemorative coins from all over the world, and it has been a lot cheaper than collecting classics!

Quote:
let them buy base metal modern coins at high value
while spending money on rubbish with NO real value in the long run, other
nice Silver or Gold coins are better buys.

Do you really think that these coins will hold there value in 10 years

Value is what people pay for. If thousands of new collectors get their start with circulating commemoratives, what will they look for more of? Modern coins. I get that some people are not into modern coins but this isn't enough to make sweeping statements about market trends and future value and whatever.

Quote:
But Hey what do I know

Full time dealer in coins (32 Years)

I like this forum because we are all nominally equal collectors here, please don't try to add weight to your personal preferences with this sort of thing. I'm under 30 and I've stopped by every major store in my city...
Pillar of the Community
United Kingdom
837 Posts
 Posted 02/26/2014  10:38 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
I am an unashamed collector of modern commemorative coins from all over the world,


Interesting stuff ! Which British commemorative coins do you have and which ones are your favorites ?
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nalaberong's Avatar
Canada
2805 Posts
 Posted 02/27/2014  10:54 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
I only have one British commemorative (not counting the ever-changing £1), the Johnson's Dictionary 50p

I need to work on that! I recently came into a little stack of £2 coins to trade away (sold at CAD$2.25 each, not bad when the exchange rate is about $3.70!) so I am hoping to repatriate these for some commemoratives.
Valued Member
United Kingdom
52 Posts
 Posted 02/28/2014  08:16 am  Show Profile   Bookmark this reply Add Greg8904 to your friends list Get a Link to this Reply
I collect current circulating coins..date runs and commemorative.ive got most but there are unminted and rare coins I find difficult to get hold of. I find it more fun to collect through change ad itbmakes day to day and work more intetesting.i do have loafs if world coins tooband pre decimal but concentrating on current for now.just thought id share that ;) oh and im.under 25..since the age topic came up
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 02/28/2014  08:33 am  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
A bit of a view from across the pond... Like nalaberong over here I collect new stuff, but the State Quarter collection we talk about all the time is new base metal junk.

If it's from the mint and you pay a premium for it and sit on it for a few decades then yes you will most likely see some return on the investment, but if you are just collecting it from pocket change then it's just a neat collection that will take a century or two before it's worth much over face value.
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augsburger's Avatar
Germany
1064 Posts
 Posted 02/28/2014  09:24 am  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
I don't collect for any investment value. I collect because I want to, and having coins in circulation that I simply can't get and have to pay a small fortune for is just annoying, means I probably won't get all the coins out there.
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