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 Replies: 98 / Views: 3,255 |
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Pillar of the Community
Australia
694 Posts |
This week the Royal Australian mint is releasing a $1 coin with the idea that if you find one then you can donate it to a charity. https://donationdollar.com.au/about ... and from their FAQ: https://donationdollar.com.au/pdf/D...ust-2020.pdfQ: What if I want to collect it? A: We know Donation Dollars are something special, but the very thing that makes them special is that they're designed to be donated, not collected. The more there are in circulation, the more we can all use them to give to those in need. Also, with the intent to mint 25 million coins, one for every Australian, the Donation Dollar will be anything but collectable. Edited by coaster
09/02/2020 12:30 am
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Bedrock of the Community
United States
11036 Posts |
Quote:
Also, with the intent to
mint 25 million coins, one for every Australian, the Donation Dollar will be anything but
collectable. Wanna bet? I have 1964 Jefferson nickels in my collection. 
In Memory of Crazyb0
12-26-1951 to 7-27-2020 In Memory of Tootallious
3-31-1964 to 4-15-2020
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Valued Member
Australia
117 Posts |
Hmm. But there are now 26 + million people in Australia...Tsk Tsk RAM.
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Pillar of the Community
Australia
694 Posts |
Quote:Also, with the intent to mint 25 million coins, one for every Australian, the Donation Dollar will be anything but collectable. Wanna bet? I have 1964 Jefferson nickels in my collection Yes it will be interesting to see how successful it turns out to be.  I guess their way of thinking is that by using the $1 coin, and by making them so common, people won't be interested in hoarding them whereas if it had come out as another coloured $2 coin then I think that they might have had a problem!
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Pillar of the Community
Australia
803 Posts |
Guranteed bullseye, then 25 million of these will not be enough make it 100 million hahaha.
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Pillar of the Community
Australia
803 Posts |
Oh wait forgot they are need to mint MOR hmm maybe 100m is a bit overboard :)
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Valued Member
Australia
293 Posts |
Nice idea but won't work. I give it 48 hours after release before the first rolls start appearing on E-bay at twice face value. Given it is also the first coloured $1 coin will make it more desirable to collectors. And with the prices all coloured coins are fetching people will stash 10-20 newies away just in case there is a profit down the track. I also find it odd that only 6 months ago there was talk of COVID-19 accelerating us towards a cashless society and shops even refusing to take cash (and the charity shops refusing item donations) and yet the Mint announces 24 million coins when cash is supposedly on it's way out.  |
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Pillar of the Community
Australia
694 Posts |
Quote:
Nice idea but won't work. I give it 48 hours after release before the first rolls start appearing on E-bay at twice face value. Given it is also the first coloured $1 coin will make it more desirable to collectors. And with the prices all coloured coins are fetching people will stash 10-20 newies away just in case there is a profit down the track. Fortunately it looks as though they've got this covered: https://donationdollar.com.au/pdf/D...ust-2020.pdf (page 3) Q: Will these coins be available to purchase individually, in sachets or in rolls? A: Unfortunately no, the only way to obtain these coins is in general circulation and by checking your change. Q: Is there a chance of these coins being found in a Mint roll or sachet of $1 coins? A: No, the only way to obtain these coins is in general circulation and by checking your change. Q: Which banks have the coins? A: The coins have been mixed in amongst general circulating $1 coins which will be delivered to banks Australia wide. It will be interesting to see if this will be the case.
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Pillar of the Community
New Zealand
1476 Posts |
That is exactly what they said about our 2015 and 2018 Anzac and Armistice coins here and within nanoseconds they were on Trade Me being sold at $3 each for a 50 cent coin.
They limited everyone to 1 roll of 20 coins each and imposed a unnecessary Postage and handling fee on top, yet within nanaoseconds, you could buy boxes of 50 rolls ($500 worth) for like $2700 on Trade me.
Big rules, no enforcement, if also they wanted people not to collect it, why make it look pretty? The mintage is good at least and people have a reasonable chance of getting one.
Loving Halfcrowns. British and Commonwealth coins 1750 - 1950 and anything Kiwi.
If it's round, shiny and silvery I will love it.
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Pillar of the Community
Australia
694 Posts |
Quote:
... if also they wanted people not to collect it, why make it look pretty? The mintage is good at least and people have a reasonable chance of getting one. I guess that it's a bit of a no win situation for the mint as on one hand they have to make the coin stand out in your change so that it will be noticed but on the other hand people might like the look of it and keep it as a novelty. I suppose they're hoping that the novelty will soon wear off though, especially if you're seeing so many of them. We still see lots of $1 2014 ANZAC coins in circulation and they had a mintage of around 22 million. It will be interesting to see what the mintage will be for 2020 and also for how many years they will be produced. They seem to be inferring that it will be 4.5 million for the remainder of this year. Q: How many Donation Dollars are going into circulation?
A: An initial 4.5 million Donation Dollars have been produced and will be progressively
released from 2 September 2020 with the intention to produce and release 25 million
coins over the next few years - one for every Australian.
https://donationdollar.com.au/pdf/D...ust-2020.pdf (page 1) It will also be interesting to see if they change the colour each year ... I'm thinking probably not so people don't want to put one of each colour away. Again a bit like the $1 ANZAC coins which were minted over five years ... they all look the same except for the date!
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Bedrock of the Community
Australia
17403 Posts |
These coins would be good to donate to a charity organisation of the donor's choice, singly, in multiples or in bulk.
They could be then exchanged by the charity at a bank, to be put back into circulation, to be donated again.
A gift to a charity that keeps on giving. That's has to be a good idea, when so many have lost their jobs, due to CV-19.
Interesting, but hardly worth collecting, with 25,000,000 to be issued.
I would much rather donate these, than collect them,
because that is not in the spirit of why they were minted and placed into circulation in the first place.
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Moderator
United States
90936 Posts |
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Pillar of the Community
Germany
574 Posts |
Quote:
A: The coins have been mixed in amongst general circulating $1 coins which will be delivered to banks Australia wide. So, the RAM mixed the Donation Dollar into rolls/bags of regular MOR Dollar coins. Well, I bet there will be people who go to their bank soon and ask for $1 rolls/bags, will search for the Donation Dollar in them, and then offer them on ebay.
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Valued Member
Australia
293 Posts |
Quote:
A: The coins have been mixed in amongst general circulating $1 coins which will be
delivered to banks Australia wide.
So that technically means anyone selling on ebay using the term UNC would be telling porkies.
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Pillar of the Community
United States
6635 Posts |
What I like about the RAM is they have been coming up with innovative ideas vs. just commemorating every time HM the Queen sneezes...like the RCM seems to. I like the RAM's Great Aussie Coin Hunt dollars as well - good idea! - When I value " being right" more than what IS right, I am then right...a fool. - How much squash could a Sasquatch squash if a Sasquatch would squash squash? - Prosp long and liver.  |
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Valued Member
Australia
293 Posts |
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I like the RAM's Great Aussie Coin Hunt dollars as well - good idea!
Well, a good stolen idea. The RM produced an A-Z coin hunt in 2018 so I believe it pre-dates the RAM A-Z coin hunt. https://www.royalmint.com/coinhunt/And boy, are those suckers hard to find, especially in Oz.
Edited by David Graham
09/02/2020 4:25 pm
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Replies: 98 / Views: 3,255 |
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Posted 09/02/2020 03:02 am
