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Replies: 135 / Views: 17,273 |
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Pillar of the Community
Australia
4411 Posts |
I am hanging onto everyone I find but dont think either will appreciate dramatically over the years.
The $2 series is not very popular IMO and therefore I dont think any dates will appreciate much. BU 1993 $2 are still pretty cheap and have a relatively low mintage.
The 10c has a comparable mintage to the 1985 dated coins and again they have not appreciated a huge deal in over 20 years. BU example can still be had for well under $10.
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New Member
Australia
15 Posts |
Hello Enworth,
I disagree with your assessment. Today we have a different breed of collector. The steretypical collector of 20 years ago was a different person! We are better informed due to the Internet and forums like this; wealtheir, with more disposable income; and now there are many more collectors than there were 20 years ago. These modern collectors are now able to collect at issue prices rather than collect at inflated "catalogue values" dealers charge and know much sooner what is collectable and what is not!
I believe that the 2011 $2 coin will become the most sort after standard production circulated decimal coin. 1.8 million means that only one in ten Australians can own such a coin! Plus this makes it the lowest ever produced AU $2. The big adavantage collectors have now is that they are out there in UNC and aUNC condition waiting to be collected!
This morning so far, I have saved 11 X 2011 $2 to my collection. They were found in a local bank $2 X 1000 coin bag, along with 3 X 2012 standards and 10 X Poppies. The 2012 standard also offers great potential.
My advice to all is put away every 2011 and 2012 $2 coin you find.
Today has been my best day ever locating the 2011 $2 and the day is only half over!
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New Member
Australia
15 Posts |
Would also like to add.
The 2011 Mint Set will also be another great collectible. When have we previously had two coins with such low production numbers in a mint set?
I am just wondering whether the mint made an error with realease of the 2011 $2 coin? 2009 was about 65.5m. 2010 at about 36m. 2011 at 1.8m!
Just does not make sense! (To me!)
Ladies and gentlemen I would love to hear your opinions regarding this extremely low production coin!
Edited by Sulla 01/23/2013 8:09 pm
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Pillar of the Community
Australia
750 Posts |
Hi Sulla  to CCF Sorry, but I have to agree with Enworb, especially the 1985 & 1993 comments. Sure I believe there is somewhat of a noodle frenzy at the moment, which of course is logical to get the 2011 coins whilst they are in better condition. But I think that your labeling and stereotyping comments are a bit out of whack. Collectors didn't start and stop 20 years ago, it is an evolution like any hobby and collectors of 20 years ago had disposable incomes too, just some more than others. BTW, just because enworbs avatar appears aged, does not mean he is. 
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New Member
Australia
15 Posts |
Many thanks for the welcome The Unicorn.
Time will tell, but I stand by my earlier comments and assure all that no disrespect was intended (or implied).
Would I chase a 93 $2 or 85 $1? No! If I found one, would I keep it? Yes.
In fact I was aware of the 93, but because I have no interest in 10 cent pieces I was not aware of that. My interest lies 95% in $1 coins and anything new and rarer in AU decimals.
At 1.8m or under these coins will become highly sought after in the modern collecting environment which is a different world to what it was 20 years ago.
We shall see!
:)
PS 2 more lots of 1000 $2 coins noodled today resulting in another 11 X 2011, 15 X 2012 standards and 12 X Poppies.
Best day ever for noodling these! Total 22 X 2011 for the day! Will add these to my collection of rolls, bags and loose coins 2011/2012.
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Pillar of the Community
Australia
7096 Posts |
 Sulla  Thank God I am not the only one that has a collection of $2 coins proof,BU and some silver proofs. I do agree that they are not a popular series because of the lack of design change and the expense of collecting them (The 5 and 10 cents are just chump change compared to a $2 coin) but with the advent of the poppy coins all this may change in the future  . Well done on the 2011 coins, NICE  I also agree that the collecting environment HAS changed in the last 20 years. More Aussies are concentrating on decimal coins now instead of pre decimals and we are all better informed these days as well thanks to the netand sites like this  Great to see some fresh views here, stick around and enjoy the ride Mate
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Pillar of the Community
Australia
4411 Posts |
There are lower mintage dates than both the 2011 10c and $2 and they are far less common in good condition. If you believe there are more collectors now than the 1980's(i do not) and that those collectors have more access to information (i agree) then it would be reasonable to assume the 2011 coins will be hoarded much quicker than say the 1985 10c and therefore it would also be reasonable to assume they will be in much better condition in general. I am not doubting that both the 10c and $2 will appreciate much more than decimals of the past 10 years due to the low mintage but I see no reason whatsoever to suggest they will out perform earlier decimals with a similar or much lower mintage. Why do you think these two coins which have higher mintages than other decimal coins will appreciate beyond other, lower mintage dates? Those older dates which are much harder to find will always be of greater interest than a much more recent issue with a higher mintage which is generally in higher grades. You seem to have the idea that new collectors are only interested in the most recent issues  Dont get me wrong I am keeping each and every one I find but I would be extremely surprised if theyre worth more than $10 each in the next 5-10 years. Theyre not going to make you rich.
Edited by enworb 01/24/2013 12:54 am
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Pillar of the Community
Australia
7096 Posts |
Matty, Its not about the value or appreciation of a coin that is important to me personally, It's more about getting the coins in the best condition for my collection that really counts  I am not a dealer/flipper and the value of a coin only really affects me when I come to buy that particular coin and I would rather buy now than regret later ( Remember the VC $1 at $5 issue price  ) With the advent of the Internet and interest in PM's over the last few years I DO believe that there are more collectors "out there" . The interest in pre decimals will be weakened simply because of the cost involved in getting these coins now as opposed to 20 years ago, That makes the decimal coins more appealing to new collectors because they can simply collect them from their change. As far as getting RICH from Numismatics , Good Luck with that  , I have been collecting for years and STILL can't buy my own private island in the Bahama's   
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Pillar of the Community
Australia
4411 Posts |
Quote: Matty, Its not about the value or appreciation of a coin that is important to me personally, It's more about getting the coins in the best condition for my collection that really counts Fair enough but the conversation is about whether or not they will become sought after/valuable. It will be much easier to get nice 2011 10c and $2 than it is to get a similar grade 1985 10c or 1993 $2. That will translate to cost.
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Valued Member
Australia
251 Posts |
I have 3x 5 cents, some $1 GHOGM. 3x womens day and 4x Wedding and there teeth are a bit of a concern... But I have 2012 $2, 50c and 10c so if the 2012 50cent has come out maybe the 2011 wont? PS Gundagai<--- is were I got them :)
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Pillar of the Community
Australia
1005 Posts |
Hi Candace. I am not sure if this is what you mean, but if you are saying "maybe the 2011 50c wont come out", that is incorrect. I have seen heaps of 2011 50c.
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Valued Member
Australia
251 Posts |
I must type slow as there was only a page maybe 2 when I started than I got destructed by my boys than posted. I can see now there are a few more posts and iv read that other people have found them I think I'm going to stay quiet now javascript:insertsmilie('  ')
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Pillar of the Community
Australia
1005 Posts |
Sorry Candace, I was not intending to make you feel bad, just make sure you know they are out there.
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Valued Member
Australia
318 Posts |
Hi Candace
In my latest lot of 400 50 cent coins noodled, I found only 7 2011's, compared to 25 2010's and 24 2012's. They're out there, but don't seem to be as common as the other recent 50 cent dates.
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Valued Member
Australia
251 Posts |
Sorry ozcoins its not anything you said, I just feel as if I keep making a javascript:insertsmilie('  ') of myself with the last couple of things iv posted because I'm ether to late "which I tend to be with everything because of everything that goes on here in my bizzy little home" or I thought that I might of been onto something and turns out iv put my foot in it javascript:insertsmilie('  ') but I spouse its part of learning javascript:insertsmilie('  ')
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Replies: 135 / Views: 17,273 |