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 Replies: 16 / Views: 6,499 |
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Moderator
 United States
23519 Posts |
When I started collecting PNC's they were quie interesting and had some value to them. Now what I am receiving from Australia Post is PNC's that have medallions not coins in them. why the change? anyone else think these buggers are now just creating them to earn a quid for the Post Office. I have been quite disappointed with the latest releases!  rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
United Kingdom
2133 Posts |
I'm interested to know that someone else besides me collects them.
There are still lots of PNCs with coins, though possibly not from Australia Post.
Actually, I'm quite happy to have PNCs with medallions providing that the medallion's design relates to one of my (other) interests.
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Moderator
 United States
23519 Posts |
I only collect Aussie PNC's although over the years I have picked up a few from the UK and a smaller amount from some other countries.
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Moderator
Australia
16831 Posts |
Quote:
anyone else think these buggers are now just creating them to earn a quid for the Post Office. I'm pretty sure this has always been their primary motivation in making PNCs.  As for reasons for increasing numbers of medallic PNCs, NCLT PNCs have to be made in conjunction with the RAM. Perhaps the RAM simply does not want to issue as many PNCs as Australia Post does. They did have a management change a few years ago; this may have resulted in a reduction in the number of new PNC issues. Alternatively, the RAM itself is not the final decision-maker when it comes to coinage issue, the government is. Perhaps plans for issuing PNC-only coins to go in those PNCs were stalled or blocked by the government, so Aust Post was forced to use a medal instead. Or perhaps it's just that Aust Post now believes that PNC collectors no longer care whether the "numismatic" item is a legal tender coin or not. If they sell just as many PNCs using medals as they can using coins, then using medals is the way to go because there's less bureaucratic hassle, from Aust Posts' perspective... and they don't have to share profits with the RAM, either. 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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Moderator
United States
23519 Posts |
As I have checked catalogues and lists online most PNCs prior to 2010 increased in value.
After 2010 there is very little difference in the issue price and the current retail price.
It was in the later years Australia Post started producing them often and in mass amounts
For this reason
I am posting to the Australian group first.
I am going to rid myself of all PNCs
If any of you are in need of PNCs please let me know
I have most of them issued since 1994 and in just a short while I am going to list each one either on our forum first or on the old ebay.
rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
United Kingdom
2133 Posts |
Richard,
I've no idea without looking which PNCs are missing in my collection, however when you list them, please post the links here or PM me.
I quite like some of the medallic issues providing they're not in precious metals or ridiculous prices.
Some themes that I'm not interested in are cars, planes, boats or flowers.
I've only been able, so far, to buy them second-hand; I've never seen them advertised when new - are there catalogues or dealers that include PNCs ? If so, please send me some links.
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Pillar of the Community
Australia
1040 Posts |
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As I have checked catalogues and lists online most PNCs prior to 2010 increased in value.
After 2010 there is very little difference in the issue price and the current retail price.
It was in the later years Australia Post started producing them often and in mass amounts Yep,except for a ebay window(approx.) of 2005-2010 they were not a popular item with Stamp or Coin collectors and it seems demand has returned to normal levels. |
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Pillar of the Community
Australia
762 Posts |
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and they don't have to share profits with the RAM, either. I think you have hit the nail on the head there. Aust Post would get all the profit for PNCs with medallions (which technically means they aren't PNCs) |
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Valued Member
Australia
444 Posts |
i am afraid any one selling pnc's now has well and truely missed the boat , I saw the writing on the wall 7 years ago and dumped mine on ebay while they were still flavour of the month and used the proceeds to buy gold sovereigns,while gold was still cheap |
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Moderator
United States
23519 Posts |
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Pillar of the Community
United Kingdom
2133 Posts |
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i am afraid any one selling pnc's now has well and truely missed the boat To quote Ecclesiastes 3, "There is a time for everything..." If PNCs had been around then, he might have said "a time to buy and a time to sell." I've seen many trends, several times when modern coins (and Roman coins and gold coins) were cheap and times when they were expensive. If I had been solely interested in investment, I would have tried to buy near the bottom and sell at the top but I never was; I stuck to my collecting interests through thick and thin. The time for PNCs will come again, I'm sure. |
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Pillar of the Community
Australia
1040 Posts |
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The time for PNCs will come again, I'm sure. In Oz. they were a slow seller for the most part but I'm sure the poor collector will be baited down the track to revive interest,NCLT coin only available in a PNC,limited release of a few Thousand etc. As mentioned previously I feel PNC's over the last few Years will struggle to sell for their issue price well into the future,demand has dropped right off over here. |
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Valued Member
Australia
444 Posts |
australia post has killed PNC'S the same way they killed stamp collecting , by issuing too many of them
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Pillar of the Community
Australia
552 Posts |
I agree with PNC king The PNC market is saturated You could get good returns in past but now, in many instances, you can pick up PNC's cheaper on ebay after a few months of issue I feel because you can't even get your money back on purchases people have abandoned PNC's From my research it is not only just PNC's - coins too in general have suffered poor returns It seems that issue prices are just too expensive for most people to be able to justify in purchasing at the time Of course there are a rare few coins that buck the trend but most coins are not worth buying when they are released - the mints are simply not recognising that lack of demand for their products bare a few Their business model needs reviewing but they don't accept the reality of the current economic conditions to have any idea that bar a few die-hard collectors, no-ne really buys their coins anymore In the near future I will release stats that prove this dating back to 2013 They show a clear decline in after-market interest in most coins (once again there are a few exceptions) PNC's, apart from very limited releases will never come close to achieving potential as shown in the past and without some major re-thinking by both RAM and Perth mints / Australia Post they both risk releasing useless and unwanted products Thats my view |
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Valued Member
Australia
185 Posts |
yes, mrcruise unfortunately coins, too, have and continue to, suffer a gradual decline in interest. Because the RAM has finally " discovered " that their warehouses are bulging from their unsold mint products of years gone by, they reduced the price of the annual UNC and Proof sets down to $25 and $100 respectively in 2015, from $32.50 and $130 each in 2013.
But the RAM, in their self determined infinite wisdom, keep churning out more and more annual eg. 50c coin series and continued to make it harder and more expensive for all collectors to get a set of all the eg. 50c coins by including the usual standard issues of 20c or 50c in the Baby sets only, for example.
Economic conditions are playing too big a part in the gradual ( forced ) loss of interest in the usual buying habits of collectors, big and small - we all would like to have the complete set of all the 20c and/or 50c ever issued - but who can afford, or want to buy, all the coin issues the RAM keeps churning out? The 50c count from 1966 to date is 170 +, excluding the double bars 1981 CoA 50c or the " fat " date 1993 50c.
The only area of interest in coins that appears to be the growing is the number of Slabbed coins being offered. The " more money than sense " woodducks are piling in and buying ; good luck to those sellers for taking on the cost/risk factor in a declining market.
Finally, has any one on this forum counted how many 50c coins have been issued by the RAM in the last 3 years or so?
Perhaps in the next year or so, we'll get a 50c coin from the RAM commemorating the 50th anniversary of aunt Flo's gall stone being removed, or a 20c coin celebrating that water has been discovered to be wet......
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Valued Member
Australia
176 Posts |
How things have changed since the introduction of PNCs in terms of numbers issued (private issues aside). I can only presume that Australia Post, the RAM and the Perth Mint are still making sufficiently adequate profits from launch sales of PNCs to make the enterprise worthwhile and that is the rationale for the increasing numbers that they are producing. What happens to prices in the secondary market thereafter I suspect wouldn't cause the issuers too many sleepless nights. The levels of secondary market PNC bulk sales seems to be on the rise as well. Issuers dumping unsold stocks through third parties I don't know, but it does influence sale prices. ebay has been both a boon and a hindrance. The secondary market also seems to have suffered from the apparently increasing number of eBayers trying to take the opportunity to make a quick buck from turning over freshly issued PNCs. Mintages are now generally significantly lower than they used to be so for any collectors trying to keep up a full set it is a more difficult and expensive exercise. As well as being a turn-off for these collectors you would have to think that it would discourage new collectors from too much activity in the market (and certainly from trying to build a complete collection). All in all, unless the public stop buying PNCs upon issue it would seem the present PNC issue levels will continue. Pedro |
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Replies: 16 / Views: 6,499 |
Posted 07/03/2014 8:30 pm
