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1975 Papua New Guinea 5 Kina - Need Your Help!

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wonghinghi's Avatar
Hong Kong
1270 Posts
 Posted 12/05/2015  9:19 pm Show Profile   Bookmark this topic Add wonghinghi to your friends list Get a Link to this Message Number of Subscribers
I know there is a mint mark above the Year but I don't know what the mint is. Do you know where was this coin minted from? Thank you your help.


1975-Papua-New-Guinea-5-Kina---Need-Your-Help!

1975-Papua-New-Guinea-5-Kina---Need-Your-Help!
Pillar of the Community
United States
731 Posts
 Posted 12/05/2015  9:53 pm  Show Profile   Bookmark this reply Add worldnumis to your friends list Get a Link to this Reply
Franklin Mint
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Sap's Avatar
Australia
16842 Posts
 Posted 12/05/2015  10:15 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Yep. Learn the "F with a flattened M" monogram; you'll find it on most if not all Franklin Mint coins.

In the 1970s, the quality of Franklin Mint coins was actually quite good. The quality of their packaging, however, was atrocious. These coins were mass-marketed to investors and non-collectors who did not have personal experience in caring for coins, and many people ruined their coins by obeying the instructions on housing and displaying the coins which Franklin Mint included in the box. Especially the coins kept in warm, humid climates such as here in Brisbane; they're frequently very badly corroded from chemical reaction with acids in the plastics used in the packaging. The few high-grade survivors were bought by wise collectors who promptly threw away the Franklin Mint wrappers and kept the coins in 2x2s.

It means, of course, that prices for high grade FM material these days is actually pretty good, while corroded examples are worth melt or below.
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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wonghinghi's Avatar
Hong Kong
1270 Posts
 Posted 12/05/2015  10:25 pm  Show Profile   Bookmark this reply Add wonghinghi to your friends list Get a Link to this Reply
Thank you, worldmumis and Sap, both of you give very quick answers.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 12/06/2015  08:34 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Krause reports the striking numbers of these as tiny:
1975 5 Kina matte 166
1975 5 Kina uncirculated 4,124 (most probably all from mint sets)
1975 5 Kina proof 42,340 (from proof sets)

If rarity, or even scarcity is your (thing), then
this one is a proof, (unfortunately).

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I have a 1978 5 Toea (cents) (U) uncirculated specimen with with polished fields, but no cameo (frosted) details.
KM list this piece as 777 struck.
I got it from a dealer's junk box for $2 perhaps 10 or 15 years ago, and that is still about what it would be valued at, unfortunately.
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