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 Replies: 67 / Views: 13,598 |
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Valued Member
Australia
491 Posts |
How popular are coloured coins? I am getting the impression that there could be two very different groups. One group that likes them and one group that possible feels that they are not coins at all. I can see that the minting of 5,000 coins in silver 1oz coloured are taking over 12 months to sell. And 1/2oz colored silver coins taking even longer than 24 months to sell out at the mint. Just trying to be as informed as I possible can. Very Interested. kg5  |
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Valued Member
Australia
315 Posts |
Im not sure if the reason behind this has actually got to do with coloured coins. With the price of silver free falling in the last 18 months or so and the actual high price of acquiring these coins from the mint, I think that this may explain why this is happening.
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Valued Member
 Australia
491 Posts |
That is an interesting way of looking at the subject. Thank You! I will make it very clear I am definitely not trying to start a domestic of any description. A lot of people really like the older way of stamps eg. Pre Self Adhesives. The more colourful modern stamps are seen to be called by some people more like labels than stamps. We find the modern stamps are very popular even though this bias I talk about is very strong. My area is Australia 1914-38 but it is not a strong area in main stream selling. Very modern Australia high values are to a point that the market is more than strong. It would be nice to get an idea of where the market is at with coloured coin and more so 1 oz silver. I can see a minting of 5,000 is an extremely small number of coins so the price reflects the number of minted. I am very use to printing of larger numbers selling out in weeks and others that just do not get off the ground. This forum is heaps more active than its sister stamp forum. I just do not understand how I can buy 1 oz colour silver coins that are available from the mint but can be purchased as much as 25% cheaper on ebay. But when the mint is sold out the prices seem to climb. This is very opposite to what I am use too and very confusing. |
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Valued Member
Australia
315 Posts |
To be honest, I don't like 1oz silver coins. I don't see any investment opportunities in them unless I'm buying them at the price of bullion + 20% (the 20% is because coins always carry a better premium compared to bullion bars). I think this might be a general consensus on ebay especially when you say they tend to sell for 25% of there issue price. |
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Valued Member
United Kingdom
183 Posts |
I think people buy coins they like the look of(design). over decorating coins with colour can appear distasteful, but some colour can help to add character to the coin (eg Royal Mint remembrance 2012 coin) coins bought as a investment are chosen mostly on their silver content/price and ability to be traded. more exotic coins can be a good investment but the initial outlay can be much higher making it more risky and also there's likely to be fewer buyers that understand it's value. HH |
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Moderator
 Australia
16829 Posts |
Quote:I just do not understand how I can buy 1 oz colour silver coins that are available from the mint but can be purchased as much as 25% cheaper on ebay. But when the mint is sold out the prices seem to climb. This is very opposite to what I am use too and very confusing. I'm involved with a charity that sells stamps, and I know what you mean about moderns going for ridiculously high prices on the secondary market as soon as they are released, only to fall as time passes. This is, for the most part, an alien concept in coins. The reason for the immediate price fall in new coins is largely because of the mint mark-up: the mint sells coins to coin dealers at a significant discount over the mint's own issue price. Dealers can therefore, if they choose to do so, make less profit than the Mint tells them to and offer the coins at a discount. This can't happen with stamps, since they are sold for face value from post offices and post agents rather than from coin dealers. 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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Valued Member
Australia
491 Posts |
Thank you very much Sap!
Now that makes a lot of sense!
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Bedrock of the Community
Australia
21788 Posts |
Australia and Canada have actually issued colourized coins into circulation.
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Valued Member
Australia
491 Posts |
Is the circulated coloured coin for Australia the $1 red poppy? Or was it a $2 coin?
Edited by kg5
02/10/2014 02:17 am
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Pillar of the Community
Australia
7096 Posts |
The only colored Aussie coins I get are the ali bronze 25mm $1 coins birds bugs etc. and the $2 colored commemoratives.  |
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Valued Member
Australia
491 Posts |
I could see that my beloved 1914-23 King George V 1d red's were not coping with my climate and I have sold all my collection. I am no longer a stamp collector, I am a stamp seller. The stamp collect in me got lost somewhere in ebay. So coins looked good to collect so I got into a life long attraction for the Australian pennies, especially the ones with KGV face on them. But to my horror I started sorting bulk penny lots and you will never guess what I started to sell them. So Saturday turned into selling pennies. I want to collect coins and I start selling them, there is something very wrong with this because I am sorting and selling. So I stopped everything with coins. Now some months later I want to be a coin collector still so I have picked coloured 1 oz silver coins. That should keep me as a collector and if I sell the odd one I can still be a collector. What a journey! |
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Valued Member
Australia
315 Posts |
No offence, there are much easier ways to lose money than collecting 1oz aussie bullion coins
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Bedrock of the Community
Australia
21788 Posts |
The Australian colourized issued into circulation coin is the
2013 $2 E11R 60th anniversary of the coronation.
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Valued Member
Australia
491 Posts |
 coinsaus After getting the replies, looking and thinking on coins this area of collecting just might suit me spot on! Quote:
No offence, there are much easier ways to lose money than collecting 1oz aussie bullion coins |
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Valued Member
Australia
491 Posts |
Thank you sel_69l
Not like I have been noodling.
Only coloured coin I have seen was from the change in a store and it was the red poppy.
Hope the Mint releases some more coloured coins into circulation. It can only help the hobby of coin collecting.
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Valued Member
Australia
491 Posts |
Yes pure silver coloured coins are my collecting area full on!. The limited mintage has become very attractive. Trying to plot a way through the many choices is a lot of fun. 1st thing that I have learnt is not to get into a position of having to buy "sold out" stock. Issues that have just started are my interest areas now. I did chase down the 3 "sold out" 1oz silver Map of Australia's. Just had to have a set of them. The Kangaroo and Emu I got for very reasonable prices. But the Kookaburra cost me $37.50 above mint selling price. As it has turned out it looks like it was a very good price. Picked up 3 1/2oz "sold out" Black Cockatoos mailed for $6 each cheaper than the mint price without there mailing cost. |
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Replies: 67 / Views: 13,598 |
Posted 02/09/2014 05:22 am
