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Replies: 17 / Views: 2,953 |
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New Member
Australia
43 Posts |
Hi guys...being really new to this I thought this would be the best place to ask.
As I work in a bank and Have taken a pretty keen interest in coin and note collecting I am pretty much given free range to "noodle" through thousands of coins on a daily basis.
I usually only swap standard coins for non-standard types but since visiting here I can see there are some other things I should be on the lookout for.
Would anyone be so kind as to explain some things I should definitely watch for and how to spot them?
Thanks!
Rik
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Valued Member
Australia
312 Posts |
There are many things to look at. The best way to identify the valuable coins and notes is having a "Australian Coins and Notes Catalog by Greg McDonald". It is pretty good hand book to have for new collectors.
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Pillar of the Community
Australia
762 Posts |
Quote: I am pretty much given free range to "noodle" through thousands of coins on a daily basis.  Shouldn't you be serving customers ? Only joking, I'm actually very jealous. The 3 highest profile (and rarest) coins to look out for are: $1 2000 mule. Check the queens head side of any year 2000 $1 to see if there is a double rim. 20c 1966 wavy. Check each 1966 20c to see if their is a bulge at the base of the 2. 5c 2007 double headed. Pretty much self explanatory. Each one of these is worth anything from a few hundred to a few thousand dollars, depending on condition.
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New Member
 Australia
43 Posts |
and apparently there is a second millennium coin that is worth more?
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Valued Member
Australia
191 Posts |
Someone here probably has a picture of the 2000 50c incuse variety which you are talking about, it is quite well shown and explained in Greg McDonald's 2012 coin guide. There are other wide date varities, mistrikes, Cud errors which others may know more about but it's not my area of collecting. I can't believe you get to do that as a job  , I've thought of noodling before (just because I enjoy looking at coins), question for others though, if you ask for $200 worth of 20c coins (do you need to ask your bank ahead of time) and also how do you return them (do you need to roll them or does the bank just weigh the bag).
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New Member
 Australia
43 Posts |
its always a great idea just to call ahead for large orders...especially if you have a small non metro area bank. But I know that we have a coin counting machine and there is no need to roll at all!
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New Member
 Australia
43 Posts |
But my job definitely has its benefits...given that most of my collection was picked up on face value
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Valued Member
Australia
258 Posts |
Speaking of incluse, I got one today:) 
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Valued Member
Australia
258 Posts |
Sorry forgot to mention, McDonalds has this at $160 for Unc and 200 in Choice,
The one above is in fair good condition, lots of original shine and no large marks but many bag marks are present.
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New Member
 Australia
43 Posts |
what makes it different though? what part of the coin is incluse....and what does that mean ? haha
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Valued Member
Australia
258 Posts |
Oh whoops sorry, The St George Cross, is different in the two coins, the incluse version is dug into the flag, while the normal just has the outline of the cross, have a look here for more detail http://www.australian-threepence.co...variety.htmlbasically they are a fairly rare error, 200,000 minted they reckon, but hard to find in Unc.
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Pillar of the Community
Australia
7096 Posts |
Lucky bugger  I get to handle a lot of Gold in the work I do, but it is only gold. You have the opertunity to get pre decimal silver coins and the rarer decimal coins for the cost of the coin eg 5,10.20.50 cents ect, A noodlers dream. Good on Ya 
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New Member
 Australia
43 Posts |
Thanks Trout! I think the notes are probably more exciting for me though as there are alot more floating around where I work. Is there anywhere on the net that shows which signatures are better than others on decimal notes?
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Pillar of the Community
Australia
518 Posts |
Josh I am so sorry but it is incuse without the "l" :) riki I'm jealous !
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Pillar of the Community
Australia
841 Posts |
 best advice is get a book by either Greg McDonald or Renniks and have a look because there's just way to many coins and notes to list them all sorry. And if you have a book you can keep it in your car and read at lunch and refer back to from time to time..only down fall is you have to get a new book from time to time, but lots of hint and things to look out for so that's why I like to combine the books and CCF as some things aren't in the books but the ccf team will help in many ways  Sorry I couldn't be of more help
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Valued Member
Australia
258 Posts |
oh my god....that totally explains why I get ZERO hits in google when I look for this coin, cause I've been spelling it wrong the whole time
I'm going to sleep I think I feel like an idiot.
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Replies: 17 / Views: 2,953 |