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Please Explain This Valuation

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joshtammi's Avatar
Australia
258 Posts
 Posted 01/24/2012  10:03 am Show Profile   Bookmark this topic Add joshtammi to your friends list Get a Link to this Message Number of Subscribers
I have a 1969 20c piece, pretty much unc, except for minor hairline scratches.

Mcdonalds puts the 68 20c unc at $100, mintage 40 million, but the 69 mintage was less than half at 16 million and values only at $38.

Also the same can be said for the 67 which 80 million were minted and have a value of $35. 5 times the mintage of the 69, but roughly the same value still.


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appleangel07's Avatar
Australia
1607 Posts
 Posted 01/24/2012  12:06 pm  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
Hi Josh

Probably all to do with how many are left in the top grades more than mintage numbers,probably only a very small percentage were kept in UNC or better condition in the higher mintage years.
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Sap's Avatar
Australia
16826 Posts
 Posted 01/24/2012  5:13 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Agreed. Remember, there were no official mint sets in 1967 or 1968, so no coins were automatically put aside in pristine condition. Any Unc coins around today were pulled from circulation.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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joshtammi's Avatar
Australia
258 Posts
 Posted 01/24/2012  8:07 pm  Show Profile   Bookmark this reply Add joshtammi to your friends list Get a Link to this Reply
Ah mint sets, however I assumed because there were no mint sets, people DID stash coins from that year? silly me!

still, $38 aint bad for a coin I found in some old clothing we were throwing out.
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appleangel07's Avatar
Australia
1607 Posts
 Posted 01/24/2012  8:59 pm  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
There would'nt have been anywhere near as many collectors back then so less coins saved,all early decimals in high grade are worth OK money,some are worth a motza ( lots )
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joshtammi's Avatar
Australia
258 Posts
 Posted 01/24/2012  9:10 pm  Show Profile   Bookmark this reply Add joshtammi to your friends list Get a Link to this Reply
That is true, people didnt have the money to save back then and 20c was a lot of money in terms of food, my mum tells me she used to buy paddle pops for 6c :P


Oh cool 100 posts, my first milestone:)
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Sap's Avatar
Australia
16826 Posts
 Posted 01/25/2012  01:41 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
There were collectors back then, but they weren't collecting decimals. Pick up a typical copy of ACR from 1968, and it's full of articles on predecimals, predecimal varieties and world coins. As an example, here's the list of articles in the August 1968 issue:
- Decimals Only in New Zealand (NZ demonetizes predecimal coins)
- New Zealand Coin Sorting Machine a Winner (about a NZ-invented machine to quickly separate silver from cupronickel coins)
- $5m in Buried Silver (estimated amount of Aust. silver coinage "lost" in the New Guinea highlands)
- Plea for Australian Proofs (suggestion to retrospectively issue 1967 and 1968 proof sets)
- Upsets (how to detect and measure them in the predecimal series)
- Pricing Australian coins (mainly a diatribe against dealer practices, with a suggestion to establish something resembling a TPG)
- Nigerian Rebels Issue Notes (Biafran banknotes)
- New Nickel Coinage for Canada
- Royal Canadian Mint Report

Only one article about Australian decimals, and that was about proofs, not circulation coins. After the hype of 1966 was over, nobody cared about them for a few years, not until there were enough of them to consider a "collection".
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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biggfredd's Avatar
United States
9104 Posts
 Posted 01/25/2012  03:00 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
JT-
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joshtammi's Avatar
Australia
258 Posts
 Posted 01/25/2012  03:26 am  Show Profile   Bookmark this reply Add joshtammi to your friends list Get a Link to this Reply
I understand about the collectors part and all but I'm just so surprised that one year can make soo much difference, its understandable why you would want a 1930 over a 29, but wouldnt people rather the coin in same condition with less than half the mintage and only a year between?

Thanks biggfredd!
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