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 Replies: 166 / Views: 26,487 |
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Pillar Of The Community
3147 Posts |
Insured with a FULL TIME armed guard!!! Can't get any safer than that! And, my wife can shoot too!!! Really great to have such a great bunch of Aussie collectors here and do hope you join right in as this forum offers a few things other forums have yet to even dream about! The Knights hang out here!!!
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Pillar of the Community
 Australia
1529 Posts |
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Pillar of the Community
Australia
1079 Posts |
Lim you beat me to it, but I was going to ask:
Is this a real coin in your collection? If so whats the chance of some extra pic for us admiring fans.
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New Member
Australia
45 Posts |
I wish..... it actually sold for AUD$620,000 late last year via a private sale...made news headlines....i think there's only 3 of those proofs in private hands..... Thank you all for your offers in helping keep an eye on my avatar tho....  quote:
Originally posted by KLD
Lim you beat me to it, but I was going to ask:
Is this a real coin in your collection? If so whats the chance of some extra pic for us admiring fans.
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Valued Member
Australia
65 Posts |
I think the mules are the modern 1930 penny as they have been a good peformance in the last 12 months
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Pillar of the Community
Australia
1529 Posts |
quote:
Originally posted by tonyozcan
I think the mules are the modern 1930 penny as they have been a good peformance in the last 12 months
As stated by member guest and repeated by many other more experienced collectors than myself in the Aussie Forum...the Mule is primed to go ballistic in the years ahead. |
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Pillar of the Community
United States
1541 Posts |
What's a cheapest Mule one can own and at what price?:)
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Pillar of the Community
Australia
1529 Posts |
They are averaging around the AUD400.00 to AUD$500+ in recent ebay sales, most of them are around the Fine/VF grade. A fully centered Mule in the EF grade will cost more. Full time dealers like Downies have sold the Mules at AUD1K+. I am not aware whether any premium grade ones have been sold and if so, at what price they have been sold for. We ahve a Forum member here who is quite an authority in the Mules, let's hope he will post in answer to your query. |
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Valued Member
119 Posts |
You have to be very careful when buying these coins from ebay as you will usually end up with a coin of much lower grade than you expected. There are several reasons for this: 1)A lot of the people selling them are non-collectors and don't know what they are talking about, 2) Some unfortunately know better but are quite prepared to overstate the coin's condition to entice bids, and 3) For some reason scans of lower grade $1 coins tend not to show the bagmarks as clearly as you'd expect, thus the image is not a good guide to the grade of the coin. For example, this coin that I have on ebay is only good fine, but when I showed the auction listing to a fellow collector he was convinced that I'd undergraded the coin by a large amount. |
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New Member
Australia
45 Posts |
Here's my compilations of $1 mule value based on info I have gathered from numerous sources.... from recent sales on ebay, private sales, and public auctions. Grade : Value (AUD$): Fine $300 VF $500 EF $1250 aUNC $5500 UNC $10500 ChUNC $15000 Gem UNC $22000 Note that the Gem Unc is an estimate of current value based on info from recent bidding prices on ebay for an Unc example. And 1-2 yrs ago, it was reported that a Ch Unc specimen exchanged hands at around the $10,000 mark. Also note that a strict Unc specimen is rare and seldom offered for sale, let alone higher grades such as Choice or Gem UNC; which would be regarded as excessively rare. Remember that these $1 coins were inadvertently struck with the wrong obverse die (of 10cent coin). It wasn't long before staff at the Royal Australian Mint (RAM) discovered their mistake and tried to remove as many of these mules before they entered circulation. However between the time that these coins were struck and when the error was detected, quite a few accidentally escaped into circulation. It wasn't until year 2002, that the first specimen became publically known; discovered by fellow numismatists from checking through loose change. Once news broke out of this discovery and published in the Australian Coin and Banknotes (CAB)magazine, a plethora of collectors started to actively search for these mules and so more discoveries surfaced in 2003 and 2004. Bearing this information in mind, one realises that most of these Yr2000 $1 mules would have likely circulated through loose change and poker machines for at least 2-3 years before being plucked out of circulation, supporting the fact that the majority of $1 mules exist in VF or lower grades. One doesn't have to think for long in rationalising why there would only be a handful at most, of these mules in Uncirculated or higher grades; thus supporting the values listed above. quote:
Originally posted by lim118
They are averaging around the AUD400.00 to AUD$500+ in recent ebay sales, most of them are around the Fine/VF grade. A fully centered Mule in the EF grade will cost more. Full time dealers like Downies have sold the Mules at AUD1K+.
I am not aware whether any premium grade ones have been sold and if so, at what price they have been sold for.
We ahve a Forum member here who is quite an authority in the Mules, let's hope he will post in answer to your query.
Edited by Guest1595
11/05/2006 8:35 pm
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Valued Member
119 Posts |
quote:
Gem UNC $8000
choice to gem unc: $13K a bit under 12 months ago. For reasons I went into earlier I would not trust the grades of most coins sold on ebay. Also you will find that a lot of coins 'correctly' graded have changed hands outside ebay at much higher prices than you quoted. There's one that Nobles are calling about unc in their next auction, it may be worth you going along to have a look. |
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New Member
Australia
45 Posts |
Thanks for that update PRA, aka "thesandpit"  , will amend my catalog value accordingly. As for the $13K, do you know if that was a confirmed sale and was it by private treaty ? Also, can u clarify what grade that mule was (Ch Unc or Gem Unc ?). Also, you wouldn't by any chance have a scan of that coin would you ?  quote:
Originally posted by thesandpit
quote:
Gem UNC $8000
choice to gem unc: $13K a bit under 12 months ago.
For reasons I went into earlier I would not trust the grades of most coins sold on ebay. Also you will find that a lot of coins 'correctly' graded have changed hands outside ebay at much higher prices than you quoted.
There's one that Nobles are calling about unc in their next auction, it may be worth you going along to have a look.
Edited by Guest1595
03/03/2006 06:54 am
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Valued Member
Australia
65 Posts |
Mules have proven winners always on the hunt for these
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Valued Member
Australia
444 Posts |
it would not be unreasonable to expect the next GEM UNC mule that is offered for sale to fetch maybe over 20 K , as there cant be more than a half a dozen in this grade
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Pillar of the Community
Australia
1079 Posts |
When you find a coin in change which costs you a dollar and then onsold for hundreds of dollars, this is always a win win situation.......lol
I find it hard to believe that an error even in high grade will fetch 20k.
Thats just my opinion.
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Replies: 166 / Views: 26,487 |
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Posted 03/01/2006 11:32 pm
