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 Replies: 12 / Views: 3,877 |
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Pillar of the Community
Australia
3831 Posts |
From time to time, I do get quite nice aUNC to UNC commemorative coins that were struck in 1970 - 1980s that look a lot better than some of the post 2000 coins. I've got some decent 1977 Silver Jubilee, 1981 Prince of Wales and Lady Diana, 1982 Brisbane Games.
Makes you wonder if some grown up children decided to spend them or coin dealers playing some mischief.
Have you received some decent commemorative coins that are more than 30 years old?
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Pillar of the Community
Australia
1041 Posts |
just means a bad recession is here ...... and when the $5 note is a big spend ........ when the money box or the 50c coin collection is spent well hang on
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Valued Member
Australia
176 Posts |
Yep, there are still some very nice coins floating around in the pond and it is not unusual to pick up one or more when noodling.
Pedro
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Pillar of the Community
Australia
762 Posts |
Definitely, just the other day I came across a brand new 1982 Commonwealth Games 50c.
My theory on that is that they are put aside by someone when they first come out because they look so different. Many years later when they are moving house or doing a spring clean they are discovered again and put back into the pond.
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Moderator
 Australia
16810 Posts |
My grandfather would keep every "different" coin he came across and save them all up for me as a birthday/Christmas gift. I used to keep them all, but after about ten years I decided "I really don't need forty Commonwealth Games 50 cents", so I kept two of the best and banked the rest.
I can imagine someone with a large hoard of these coins, kept "because they were different". Perhaps they took a sample of them in to a coin dealer hoping to strike it rich, only to be told "No, they're only worth face value". So they simply banked/spent them.
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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Pillar of the Community
Australia
599 Posts |
People put these aside at the time.
And years later they found out that many others had done the same.
So the coins went back in the pond.
Watch your top knot
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Pillar of the Community
Australia
560 Posts |
I get these coins in good condition a few times a year, 1970 ones are usually nearly uncirculated.
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Valued Member
Australia
401 Posts |
I think a lot of them are the result of a burglary. The crooks only see them as money and so they go back into circulation. I have 6 NCLT dollar coins that were collected in change
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Pillar of the Community
Australia
9379 Posts |
I found 2 really nice 1982 Commonwealth Games 50c coins today, in the till at work. I left them there, as I didn't need them. Steve  |
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Moderator
Australia
16810 Posts |
As for how they get back into circulation, it is, usually, through a disposed-of coin collection, either by the inheritors who are told by coin dealers that they're not worth more than face value, or by the coin dealers themselves.
Just a few weeks ago, I processed a donated coin collection on behalf of a missionary charity group I volunteer for. There were about a dozen old commemorative 50¢ coins, three or four of each of 1977, 1981 and 1982. They all looked very, very nice, but no-one will pay above face value for them, and I personally already have more than enough of the things. So I tossed them into the "face value only" bucket and sent them off to the bank.
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
216 Posts |
My Granddad used to come home from the club, shops, etc and empty the coins in his pocket by chucking them up on top of his free standing wardrobe.
After several years the weight got to be a bit much as the top of the wardrobe let go dumping all the coins inside.
Was an impressive clean up, and deposit as well, everything from 1c to $2 coins went up there.
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Pillar of the Community
Australia
869 Posts |
I threw a stack of them back into the pond last week. It seemed that my accumulation of those sorts of things was just becoming tooooo big. I ended up changing them for $140+. A good little no interest picture collection, if you know what I mean.
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Pillar of the Community
Australia
2180 Posts |
I sent back a heap this week. I picked out a few nice ones but most were slightly circulated or bagged and it didn't seem worth keeping them.
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Replies: 12 / Views: 3,877 |
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Posted 03/07/2015 7:15 pm
