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 Replies: 28 / Views: 3,953 |
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Pillar of the Community
Australia
2830 Posts |
Captain COOK was hoarded, I think, because it was the first commemorative since 1954: a long time between drinks !
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Pillar of the Community
Australia
4411 Posts |
A very long time between drinks and with a smaller mintage but similar thing has happened with hoarding.
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Valued Member
Australia
262 Posts |
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Pillar of the Community
Australia
1005 Posts |
So...
How many "serious collectors" are there and how many "people who will hoard unusual coins until they change their mind"?
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Pillar of the Community
Australia
4411 Posts |
Im not even going to speculate. Your guess is as good as mine.
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Pillar of the Community
 Australia
7096 Posts |
The 1954 and 1951 commemorative florins may have been hoarded at the time but They were available at less than melt in bulk last year. I bought a kilo of them for less than melt. The Captain Cooks were hoarded by speculators not collectors and once the novelty wore off they were just spent as normal coins. This also applied to the 1966 round 50 cents, these were hoarded purely for the silver content and can be acquired now for melt as well. None of these coins are particularly rare but because they had been hoarded they are in a lot better shape than other coins of the same era, Which I think is a good thing for us collectors is as much as we can get really nice coins at a great price. Gotta love them hoarders especially the ones that kept the 1927 parliament house coins in such great condition which is my favorite coin  |
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Valued Member
Australia
262 Posts |
agree with trout, commemorative florins , especially 1927 parliament house
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Pillar of the Community
Australia
1005 Posts |
Nicwinner,
I think you are in serious danger of failing the "250 QUALITY posts" rule
One word "cool" response is actually given as an example of what not to do,
"nice info" and multiple "I agree" posts also seem to fail the "no brainer" test.
If your contributions are not going to be worthwhile for others, please wait till you have something good to add.
Edited by ozcoins
04/11/2012 09:37 am
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Valued Member
Australia
262 Posts |
hi ozcoins
i think I know who you are. anyway, I do have some really worth reply, not just "cool". cheers.
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Valued Member
Australia
262 Posts |
and those "worthless" reply so called, which you point out, like "cool" will not be calculate in that 250 post, this is why so far I had 286 post but real shows 219.
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Pillar of the Community
Australia
507 Posts |
One identifying feature of a spammer is someone who wants to sell something and in the process makes prolific or out-of-place posts in order to do so.
While I'm all for mateship, a bit of joking around and friendly consequential banter, that generally does not require 3 successive separate posts in a thread within a minute of each other, nor the dumping of multitudinous brainfarts in as many threads as possible in the shortest amount of time.
I also know you're very keen to reach your 250 post target, but in the process please don't share the traits of a spammer - it's not a good look!
Now as for the original discussion, there were a total of 22.191 million 2010 COAs minted - 9.727m & 12.464m over the 2 financial years covered in the annual reports, along with 11.452 million Australia Day 50's.
As to the commems, I'm of the opinion that the mintage difference between the 1970 and 1991 issues is sufficient enough to justify a differential, and while 4.7 million isn't exactly "rare", it's definitely at the very low end of the scale (which is why I'm like a vacuum cleaner when it comes to Feds).
The 1970 was substantially hoarded - the number of EF-aUnc Cooks you find in circulation is clearly out of character for a 42 year old coin, and based on the number of 1991's found in circulation it would be apparent that such a modern coin would not have required returning to the Mint in any sizeable quantity but have likewise been souvenired.
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Pillar of the Community
Australia
762 Posts |
Quote:
Captain COOK was hoarded, I think, because it was the first commemorative since 1954: a long time between drinks ! It was also the ONLY decimal commemorative until 1977. As such I dont think that it can be compared to today's commemoratives. There are just so many commemoratives in circulation today that I doubt that non coin collectors would bother to hoard any of them. Even I won't bother to hoard a commemorative unless it's mintage is less than 5 million. In regards to Rams head 50c it does beg the question....if 4,704,400 were minted then where are they all? |
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Pillar of the Community
Australia
1005 Posts |
MOR.
I think that question has gone through many peoples heads. I have wondered about it a bit.
It is sort of related to my questions about "How many serious collectors are there?" and "How many who will hold an an unusal coin for a while then release it back into the wild".
I did a quick total of mintages from 1969-2009 and there was a total of 231 million. 4.7 for 1991 would be 2% of all coins.
I am sure I am finding a lot lower proportion than that!
It looks like a large proportion of them have been collected from circulation.
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Replies: 28 / Views: 3,953 |
First Page
Posted 04/10/2012 10:20 pm
