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 Replies: 8 / Views: 2,511 |
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Moderator
 United States
23516 Posts |
I received an email asking me to address the subject of PNCs
First let us start off with a definition
PNCs - Philatelic Numismatic Covers
simply this is a first day cover that contains a coin thus it is a combination of Coins & Stamps
Some years ago many of the world's mints responsible for striking coins got together with post offices, responsible for issuing stamps, and started producing combined packs of stamps and coins in what are usually called "Philatelic Numismatic Covers" or P.N.C. for short. These packs combine a first day cover set of stamps with a commemorative coin, all with the same theme.
All the coins in these PNC packs are 'specimen' coins, which are a selected grade of uncirculated coin; you could therefore say they are in better than mint condition.
Many countries produce these coins and some individuals also produce these coins.
Amongst those who are collectors of these items, there is debate over whether a Privately produced PNC is of value or should be collected.
Collectors need to understand that if coin is common, and more especially, available in other issues, the long term trend is ultimately downward.
If new to collecting, picking up new issues at release price is the best way to collect these, some of the earlier issues are most definitely fully valued, and most recent private issues are way over-priced.
Where the "official" PNCs combine a first day cover set of stamps with a commemorative coin, all with the same theme, many of the private ones just have a coin and first day cover combination that do not really match.
There are some people and some private companies (depending on which country you are from) who are now mass producing PNCs-
It is my personal opinion that most of these will not retain value.
but some of them are "cute"
I would be interested in getting opinions from PNC collectors in different countries as to what you think of the non official PNCs
rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
United States
1231 Posts |
I have been looking for a book that covers PNC's but haven't found one. The one I know of PNC Catalogue--Hutt Commemoratives which was written by I.M. Pears and published by Hutt Commemoratives---Hutt, NZ in 1972 but I can't seem to find a copy. I heard that last year Australasian Coin & Banknote magazine July 2007 issue had an article on Nuphil LTD. I emailed them about buying a back issue and never heard back from them. I have been searching for a list of the issues that Nuphil and Hutt produced. If anyone has any information on these companies I would love to know about it.
I have a set of PNC's which were issued by Hutt Commemoratives LTD. First Day of Issue 1972 NZ Proof Set. They made 150 of these sets. I have the complete set of #1's of 150
And to answer your question about the non-official PNC's. It reminds me of the late 1980's here in the US with baseball card companies. They started mass producing cards making them worthless. The same will more than likely be the case.
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Rest in Peace
United States
9104 Posts |
The whole concept of PNCs is a gimmick, designed to take a basically worthless coin and basically worthless stamp and put them together to create a "collectable".
If anyone thinks there will be any resale value to 99% of these twenty years from now (even the official ones), I have some swamplandprime oceanfront property for sale.
So you can buy an ugly Official State 25¢ PNC for $15 or a beautiful privately issued one for six bucks. You might as well save the $9, since if you ever go to sell, they're only going to be worth face value.
If you really want to collect them (as opposed to giving them as gifts), wait ten years, and you'll be able to buy them for a buck.
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Rest in Peace
United States
9104 Posts |
Quote:
They started mass producing cards making them worthless. The same will more than likely be the case. Not quite. PNCs are worthless from the get-go. Even to people who collect both coins and stamps, they're neither fish nor fowl. It's like having a rare car in a block of plastic. It can't be driven, and it doesn't qualify for entry in a car show, so what good is it? Just something else to dust. Do a completed ebay search for first medals. I forget whether these PNCs were $3 or $5 originally, but they now often get no bids, even at 1¢. Hardly a good way to tie your money up for 35 years. PS - I would modify the definition from "coin" to "numismatic item", since it also includes medals and the like. |
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Pillar of the Community
United States
1231 Posts |
I have seen some of the Hutt ones sell for good money. There was a 1972 Singapore proof set of PNC's that went for over $200. And the ones I have seen lately have been at least $45.
The 7 coin set I bought was only $12. I am willing to bet that I could sell it for well over $50 right now.
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Moderator
 United States
23516 Posts |
Biggfredd
that may be the case in the US but some of the foreign ones such as Australia have gone up and maintained their price.
rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
Australia
1040 Posts |
The '69 Nuphil released Yarallumla PNC I have never seen sell for less than $400. The 2000 Victoria cross PNC sells for over $200 with an issue price of $9.85, 2000 Last Anzacs, $125 with an issue price of $7.95, 2001 Centenary of Army, $130 with an issue price of $7.85, 2002 Accession, $295 with an issue price of $9.95. You get the picture.
Our official PNCs are very collectible if you are into that sort of thing, and none that I am aware of sell for less than issue price. Most appreciate and keep appreciating, possibly due to relatively low numbers issued and with some, it is the only way to get that coin.
For instance, the Yarallumla PNC is the only way to get a specimen 1969 50c piece. With less than 2000 minted, it commands high prices.
As for current unofficial private issue PNCs? Well if you really want to give your money away, put it in an envelope and send it to me. I will stick a coin on an envelope and send it back to you no problem.
In short, official, low mintage, unique coin PNCs that are listed in the guides are desirable and collectible. Unofficial private issue PNCs are a complete waste of money and are quite likely fraudulent.
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Moderator
United States
23516 Posts |
Thanks for the info Sean - I have each of the ones you described  |
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Valued Member
Australia
153 Posts |
I agree with your last sentence Sean and will add that certain opportunists are now putting coins into cheap old postcards and FDCs normally worth a dollar then selling them as PNCs to unaware buyers and getting $30 plus
They are taking advantage of the PNC boom in Australia by obtaining cheap stamp covers,cheap modern circulating coins then muleing them and calling them PNCs which some people think is the real deal so must get
I have to say most of Australias Official PNCs are still in high demand especially the RAM coin versions,very collectable....plus the older private PNCs issued in times of non greed like Hutt etc are also in high demand
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Replies: 8 / Views: 2,511 |
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Posted 08/24/2008 09:46 am
