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Coins Approved By Vatican And Australian Mint To Mark

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Moldova
4 Posts
 Posted 03/12/2008  09:12 am Show Profile   Bookmark this topic Add rakiura to your friends list Get a Link to this Message Number of Subscribers
I have read that several coins, all made of gold and silver, where minted in order to celebrate the world youth day, organized by catholic church. it will take place in Sydney. all these coins are commemorative, and I have a question: is it worth collecting commemorative coins? do they cost something, or they are "just for fun"?
I'll appreciate your answers. thanks.
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Sap's Avatar
Australia
16827 Posts
 Posted 03/12/2008  10:05 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The website you've linked to is on the forum blacklist, presumably for spamming and/or inappropriate content. Try this site for news, and the Perth Mint site for pics of the coins: here's the gold and here's the silver.

Quote:
...is it worth collecting commemorative coins? do they cost something, or they are "just for fun"?

The answer, as always, is "it depends". Can commemorative coins increase in value over the short and long-term? Yes. They can also stay at issue price, or even fall backwards if the price of the metal falls. As collectors, we say "collect what you like", and if the market value for coins you own happens to take off, all the better.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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yoyo's Avatar
Australia
12 Posts
 Posted 03/12/2008  10:23 am  Show Profile   Bookmark this reply Add yoyo to your friends list Get a Link to this Reply
Rakiura,

Sure thing! They're definitely worth collecting for a number of reasons:
1. Commemorative coins are often of especially beautiful design;
2. If your goal is to complete sets of a country's coinage, you can't afford to miss them;
3. The occasion or person commemorated may be of interest to you, or others, as someting of historical importance quite apart from its numismatic interest.
4. Particularly because of the previous point, commemoratives are often more liquid (easier to sell) and more valuable investments than ordinary issue, non-commemorative (or "definitive") coins.

Much the same thing could also be said about collecting commemorative postage stamps, match-boxes, glassware or porcelain, etc; and the reasons would be similar.

I remember as a kid, collecting full year sets of every Australian pre-decimal coin denomination (I was a pre-decimal kid!) I was particularly pleased to find the 1928 florin, as it commemorated the opening of the Parliament building in the newly-created national capital city, Canberra. Not only was this a link to an important occasion in the country's history, but the design was strikingly different than the standard type of Australian florin, and (I thought) quite attractive. This coin illustrates all four of the reasons I gave above.

There's one more reason you should collect commemoratives: because you like them.

Regards,
Yoyo.
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yoyo's Avatar
Australia
12 Posts
 Posted 03/12/2008  11:28 am  Show Profile   Bookmark this reply Add yoyo to your friends list Get a Link to this Reply
Ummm ... quick correction! That's the 1927 florin, not 1928. Wouldn't want to cause any confusion.

Regards,
Yoyo
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 03/12/2008  3:48 pm  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
Hi yoyo and to the forum!
life is a mystery to be lived not a problem to be solved
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jeremymh's Avatar
United States
543 Posts
 Posted 03/21/2008  6:50 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list Get a Link to this Reply
When are they comming out?
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jeremymh's Avatar
United States
543 Posts
 Posted 03/21/2008  6:51 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list Get a Link to this Reply
I will certainly be buying some.
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Sap's Avatar
Australia
16827 Posts
 Posted 03/21/2008  8:04 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
If I'm reading the Perth Mint site correctly, I think they're available now.

Also found out that if you can't afford the gold and silver ones but like the design, there's also an aluminium-bronze one sold in a first day cover. The cover is postmarked 4th March, so presumably they were available from that date.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Germany
1238 Posts
 Posted 03/21/2008  9:03 pm  Show Profile   Bookmark this reply Add chrisild to your friends list Get a Link to this Reply
The Vatican will, by the way, also issue a coin on that occasion: a collector coin with a face value of €5. http://www.numismatico.de/files/5evat08_815.jpg Should come out in fall (Oct?) with a mintage of about 10,000 ...

Christian
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