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Pillar of the Community
4628 Posts |
However the OP has a point - its getting to overkill, all these commem coins and these show and limited mint releases are drowning the market. Think of it the two rarest coloured $2 coins are the 2012 Red Poppy (And its provy marks) and the 2013 (Queens Purple coin). These coins were one off in those years. The 2014 and 2015 have some value too, but 2016 onwards is overkill, the Olympic coins are easy, most of the Alphabet dollars are easy - but those earlies when there were few releases each year and few coins are hard. I blame the topics - obscure children's characters that have NO interest outside Australia. I am in New Zealand and had no idea what a Possum magic was or Mr Squiggle, same with Ginger eggs or whatever the heck it is. *** Edited by Staff ***Lift the tone of these issues (ie Indigenous rights, Parliament, Womens Suffrage, Gay rights) rather than old kids shows, koalas and roos and thugby league and things may point back up. They need to stop pandering to cliches and stereotypes like surfing, koalas, roos and coins with Vegemite on them. Believe or not guys, most of the world laughs at Australia and its "Low" culture. Notice how we approach things from the high road in New Zealand (Anzac, Endangered birds, Maori cosmology etc) and do not have coins with Jonah Lomu or Russell Rooster, Big Ted, Thingee and Manu (Look those two up   ). Although I will admit, the Lord of the Rings tatt is annoying and getting old and the All Blacks are more a commercial enterprise than Rugby team now. Edited by Princetane
07/12/2021 9:55 pm
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Moderator
 United States
34428 Posts |
@pt, you will see that I have removed some of the offensive language from your most recent post. I'm glad to see your passion toward ANZ numismatics, but you need to take it down a couple notches please. Thx.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
Australia
9437 Posts |
PrinceTane, as an Australian coin collector, I can only agree with you. Way too much garbage being released these days and that's why I chose to only collect coins that circulate. I would go broke trying the keep up with all the stuff that RAM and Perth Mint churn out. You also forgot to mention a few other Australian things like lamington and pavlova. Steve :) |
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Valued Member
Australia
185 Posts |
Princetane
yes, I agree re overkill of far too many commemorative and other quirky coins being minted by the Royal Australian Mint for a relatively small 26 million population Australia has.
The road to this overkill of minting more and more coins of no real significance by the RAM started in the early 2000's. Apart from the truly fabulous 2001 State and Territories series of 20c and 50c coins,( there are 26 coins in a standard 2001 set, including the 10 x 50c, 11 x 20c 2 x $1 and 1 each of the 5c, 10c and 20c ) one of the few other coins minted by the RAM was the 2004 50c with the 4 pointy " A's " which is available only in about half, or slightly less, of the 67,795 2004 UNC sets minted.
It was always a great interest to me to try to determine which 20c or 50c, etc, was available in which of the annual RAM UNC sets. For xample, the RAM started minting standard 20c Platypus coins in the usual annual mint sets, but minted another special 20c in another mint sets in the same year.
Buying each of these additional coins was fun and still within reasonable reach for many.
I didn't mind this as it kept up my interest which is now 50 years plus. Yes, I do have this addiction which has, thankfully, kept my brain from having to rely on WD 40.
Unfortunately, now, the interesting and very enthusiastic times have passed as far as my collecting goes. The Australian numismatic market has been ruined by the RAM's own " business model " which continues to be " formulated " by overly well paid bureaucrats who don't appear to even know how to tie up their shoe laces without having to refer to a
" how to " manual, nor having any understanding whatsoever of what the real world is all about and the all important power of consumer sovereignty.
I have to rely on a little bit of tongue-in- cheek here and think out loud :-
will next years' commemorative $1 coin(s) have the theme of " it has been discovered that water is wet" or "the 50th anniversary of aunt Mable's gall stones removal "?
Also, Princetane, thanks for all the well written extensive knowledge about so many very interesting things you took the time to share with us.
cheers
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Pillar of the Community
4628 Posts |
Thanks guys with comments like that, I wonder why I was censored PS: I have autism, so I was not insulting anyone. I know I should not debate Moderator decisions (Hence why I have had 7 holidays from Stampboards and booted out of Prince.org 5 times).
Australian collectible coins have peaked and its because of overkill, too many coins and too many for silly and unremarkable topics.
But its the same everywhere - look at the UK's musical icons series, we started with Elton John and Queen, now we have 2nd rate acts like Who and Paul MacCartney - what's next Motorhead or Iron maiden?
NZ just as bad with coins showing Lord of the Rings Characters and the latest made up festival (Matariki is our Kwanzaa). What is next Phar Lap and Russell Crowe coins, along with that great kiwi invention Jandals?
PS: A recipe for a lamington like cake was found in a Masterton newspaper from 1881, which predates the so called Aussie invention of lamingtons in 1900 named after the then Governor of Queensland - Lord Lamington.
However I will give Australia the Pavalova - its theirs, but we added the Kiwifruit slices in place of peaches.
Edited by Princetane
07/13/2021 2:37 pm
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Valued Member
United States
266 Posts |
I don't know about the circulated coins but the bullion silver and gold coin offerings are ridiculous. Notwithstanding the colorized coins, proofs, unusual shapes, extra large weights, none of which I care for, how does one keep up? I have a lot of silver coins from Australia but I would say none of the series are complete. There are too many. Don't get me wrong. They are beautiful. I'm a sucker for coins with animals on them. Who has better animals than Australia? (Africa, maybe) I like the rectangular dragons too. But I've given up on trying to get complete series. My OCD doesn't even seem to care anymore.
Edited by HappyHippo
07/13/2021 3:40 pm
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Pillar of the Community
Australia
1616 Posts |
With all the comments I think you're all missing the main point - mints (especially Perth) are businesses out to make money. Do they care about coin collecting as a hobby? I doubt it. They now market their products to a much wider audience. Car themed coins for petrol heads, tooth fairy coins and baby keepsakes for doting parents, Chinese lunar coins for the asian community etc. I would be surprised if more than 50% of purchasers are actual coin collectors. Looking at the high prices these bits of overpriced bling fetch it seems they are doing the right thing as far as making a profit is concerned. Like trash reality TV (which I thought would have died a decade ago), it's popular with the general punter and is here to stay.  Princetane - Australia already has a Phar Lap coin. https://en.numista.com/catalogue/pieces14162.htmlAlso, Possum Magic and Mr Squiggle coins were intended to circulate in Australia, not overseas so rather pointless commenting that the topics have no interest to someone from another country. As a collector I find the number of coins ridiculous but have realised it's no good getting worked up about it as it is only going to get worse, especially when circulation coins are no longer produced. I do buy some of the bling using low ball bids on e-bay but I loose about 95% of the time as I'm not prepared to bid high amounts for trinkets. Parliament coins - images of pollies asleep or sexting on their mobiles during session time? LGBT coins - might lose sales to the religous people. I do think a rainbow themed coin for circulation would be OK. Quote:
All Blacks are more a commercial enterprise than Rugby team now.
Isn't that the case for all professional sports teams these days? |
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Pillar of the Community
Canada
5246 Posts |
What you are guys are describing could have been said about the RCM (Canada) years ago. Yet it continues unabated here. One of my Coin club members described the RCM issues not as coins, but "giftware". There will always be a market for useless, attractive/ popular themed items to give as presents, even if coin collectors avoid them. |
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Bedrock of the Community
Australia
21788 Posts |
I don't collect Australian coins.
That is, except for special issues issued into general circulation. These coins are obtained from pocket change at face value. Keeps my collector and hunting interests going, but ultimately, they will loose real value due to inflation.
Thus, for me, the Australian coin collecting bubble is not going to burst.
But I don't mind if it does.
New issue bright 'n shiny NCLT has never interested me.
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Pillar of the Community
Australia
1616 Posts |
Maybe this can be a guide: https://www.ebay.com.au/itm/203525811919From my calculations there's 22.54g of silver all told. At today's price that's $26 tops melt value although given about half is non-sterling I reckon you'd be lucky to get ~$18 melt money from a jeweler or metal merchant. Nothing special coin wise with low grades on the older specimens (I suspect the QV shilling is a low baller). Already after less than 24 hours the bidding (including postage) has exceeded my estimate of melt value. I'm saying the bubble hasn't burst and ~$55 (excl postage) will be the final bid. Any other punters want to have a guess?  |
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Pillar of the Community
Australia
1333 Posts |
sometimes I wonder why I bother bidding on some lots :P, I see some go for x2-2.5 what I thought it was only to have an identical lot pass in O,o .
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Valued Member
 Australia
112 Posts |
Maybe somebody wants those coins though for their collection not for melting.
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Pillar of the Community
Australia
1333 Posts |
I think Due to our surplus in mining metals and the tech there are loads of different and well heeded collector buying (australian series Kooks, Roos, Wedgies and even lunars) its a nice way to buy something a bit different rather than the basic designs of the US, Canadian, Mexico or South american mines (i wonder where most of this silver goes to be minted cause they definitely would have outputs even after the hundreds of years of exploitation of silver ore )
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Pillar of the Community
Australia
1333 Posts |
@polarboy I want them for my collection as well but the Proofs (decimal) go for well excess of RRP.
Stuff that's for melting is price differently I know that.
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Valued Member
Australia
112 Posts |
Im just getting into trying to build up a nice collection of a range of coins so I still have vast holes in my knowledge. Up until now my coin interaction have been with people who hoard coloured $2 and the pinnacle of collecting is basically being able to boast about having 15 2012 red poppies.
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Replies: 21 / Views: 3,557 |
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Posted 07/13/2021 07:05 am
