| Author |
 Replies: 130 / Views: 19,560 |
|
|
|
Pillar of the Community
Australia
908 Posts |
Quote:No problem, I can always wipe that out with the 20 odd grand I have spent on buying coins and supplies via ebay Yes that would be my take on the situation as well |
|
Valued Member
 Australia
315 Posts |
Theres no capital gains tax on coins unless your a dealer as far as I'm aware of. The other way to get around it is to make a second name and use it when you have sold $9000. Getting back to the original story, If I could take better pics to show the real beauty of the 3 coins that I have posted, it would be in my favour. If you end up getting over $1000 for that coin, I will be sending all 3 to the plastic factory and would be disappointed if they didn't reach AU-58, MS-61/62 and MS-63/64. These 3 coins set me back nearly $1500 and hopefully you sell yours because it will bolster the value of these 3 coins. BTW I will pay you $900 :)
|
|
Pillar of the Community
Australia
762 Posts |
Quote:
Theres no capital gains tax on coins unless your a dealer as far as I'm aware of. My understanding is that CGT applies to any sale worth more than $500 whether you are a dealer or not. A lot of people probably don't declare them but if you get audited they will nab you. |
|
Pillar of the Community
Australia
1295 Posts |
|
|
Pillar of the Community
Australia
1295 Posts |
Oh and there's a number of these coins in UNC around. Including, I believe a roll that contains several examples. And recently a number were found in UNC condition in a decimal collection. This knowledge is not generally known and well outside the realms of the "market" that you see on ebay. Without trolling through all my CAB's and ACR's the earliest mention I can find of the incuse variety is in the 14th Edition of Macca's (2007). Given that this was printed in 2006 the variety must have been well known by the middle of 2006. This is a couple of years after the 2000 $1/10c mule became well known. So, the theory that there are less UNC coins around compared with the mule has some credence because of the delay in discovery. But given that the accepted mintage of the incuse 50c (200,000) is more than 30 times the accepted mintage of the "mule" it's fair to assume that his would offset the delay in discovery and thus there ARE a number of UNC coins around. And this is supported by my knowledge of a decent number (perhaps 30+) of UNC incuse coins around that would grade up very well. Don't get me wrong, I hold a PCGS MS64 incuse 50c and I'd love it to be worth squillions but I think a little perspective is called for. |
|
Pillar of the Community
Australia
7096 Posts |
Quote:
I will be sending all 3 to the plastic factory and would be disappointed if they didn't reach AU-58, MS-61/62 and MS-63/64. These 3 coins set me back nearly $1500 and hopefully you sell yours because it will bolster the value of these 3 coins. BTW I will pay you $900 :) $900 won't cut it but anything over $1200 would probably sway Me. You don't need it anyway, just send yours off to PCGS and see what happens  |
|
Formerly nancyc
Australia
5385 Posts |
Quote:
Without trolling through all my CAB's and ACR's the earliest mention I can find of the incuse variety is in the 14th Edition of Macca's (2007). Given that this was printed in 2006 the variety must have been well known by the middle of 2006. I made a note when I read about it on ACBO: 50¢ 2000 Incuse Flag First mentioned by M*******e approx May-Jun 2006. I created the document on 20th July 2006. life is a mystery to be lived not a problem to be solved
|
|
Pillar of the Community
Australia
7096 Posts |
Quote:
. Don't get me wrong, I hold a PCGS MS64 incuse 50c and I'd love it to be worth squillions but I think a little perspective is called for. OK, did some calculator work and came up with some percentages. Incused coin with a mintage of 200,000 and a surviving 30 coins in mint state work out to be 0.015% With 100 surviving coins in mint state works out at 0.05% With the Mule with a mintage of 6000 and 27 coins in mint state on the PCGS pop report alone work out to be 0.45% All these figures are just conjecture because there is NO definitive number of surviving coins in mint state available and there probably never will be. It does however seem to point to the idea that the mules were saved from circulation a lot earlier than the incused coins and the percentage of MS coins will be higher than that of their poor sister the incused coin. |
|
Pillar of the Community
Australia
908 Posts |
Quote:
OK, did some calculator work and came up with some percentages.
Incused coin with a mintage of 200,000 and a surviving 30 coins in mint state work out to be 0.015%
With 100 surviving coins in mint state works out at 0.05%
With the Mule with a mintage of 6000 and 27 coins in mint state on the PCGS pop report alone work out to be 0.45%
All these figures are just conjecture because there is NO definitive number of surviving coins in mint state available and there probably never will be.
It does however seem to point to the idea that the mules were saved from circulation a lot earlier than the incused coins and the percentage of MS coins will be higher than that of their poor sister the incused coin. I think that there are a lot more unc incused 50 cent pieces out there because even though they were discovered later there were at least 20 times the mintage of the dollar mule and the good ones are just starting to come out of the woodwork now.Look how long it took for the PCGS population of unc mules to reach current levels after the initial discovery.I believe there are more than 30 unc incused 50 cents out there and they will come to light over the next few years as people become more aware of what they have.Only time will tell.Just my opinion |
|
Pillar of the Community
Australia
7096 Posts |
Quote:
I think that there are a lot more unc incused 50 cent pieces out there because even though they were discovered later there were at least 20 times the mintage of the dollar mule and the good ones are just starting to come out of the woodwork now.Look how long it took for the PCGS population of unc mules to reach current levels after the initial discovery.I believe there are more than 30 unc incused 50 cents out there and they will come to light over the next few years as people become more aware of what they have.Only time will tell.Just my opinion  I imagine there are more than 30 of these out there, I also imagine most of the people that have them are fully aware of what they have as well. With the slabbing starting to gain momentum in Australia I think that many coins not only the incused 50 cent or the Mule will start to change the face of the population reports at NGC and PCGS. This doesn't change the fact that a uncirculated Mule or Incused coin is a rare item, even if there were 100 of each it would still represent a tiny percentage of the coins produced. |
|
Valued Member
Australia
315 Posts |
It still will be a small portion (they still wont be our first million dollar decimal coin) BUT they will give the $20k a good shake in a decade or so |
|
Valued Member
Australia
315 Posts |
Do you reckon there's also $1200 is this one Trout?   |
|
Pillar of the Community
Australia
1607 Posts |
Great coin i'd be more than happy to have it,just a shame about the finger prints on the obverse. Edited by appleangel07
04/16/2014 03:57 am
|
|
Pillar of the Community
Australia
7096 Posts |
Quote:
Do you reckon there's also $1200 is this one Trout? The only way to find out is to send it to the "Plastics Factory" and let them grade it for you. These are very difficult to grade via images But this is definitely a contender. NICE coin Mate |
|
Pillar of the Community
Australia
7096 Posts |
The MS62 coin I have on the bay had 3 different offers at $850 so I started the bidding at that.
it will be interesting to see what this sells for .
|
| |
Replies: 130 / Views: 19,560 |
First Page
Previous Page
Posted 04/04/2014 6:06 pm
