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 Replies: 17 / Views: 4,261 |
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New Member
Australia
20 Posts |
This is my favourite 50 cent piece design - I've been known to wax lyrical to the young(er) blokes I work with about the intricacy of the design (unmatched by any circulating design, in my opinion - I'd go so far as to say the only coin in my collection I like more is the 2018 John Monash Five Dollar coin). I recall seeing it only twice in my almost forty years on this planet (the second time I grabbed with both hands). But why? According to Renniks, 4.7m were minted - nearly twice as many as any given individual State Centenary of Federation design (except NSW).
Does the public at large share my enthusiasm for this design, or is it just some weird wrinkle of probability which allows it to slip past me?
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Bedrock of the Community
United Kingdom
17925 Posts |
On my various trips to Australia I've only ever had one in change (I think that was on my first visit, back in the year 2000).
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Formerly nancyc
Australia
5385 Posts |
My guess is that they've been hoarded due to the relatively low mintage.  I have a small stash of them somewhere.  life is a mystery to be lived not a problem to be solved
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Pillar of the Community
Australia
1333 Posts |
yea I think it due to hoarding especially that particular coin as it was both a commemorative and lowish mintage there are large stash in Australia (that particular year I think might have been the only commemorative to be release so hoarding was focused on that coin), sorry if you want a large amount of them you can buy them easily enough :( for me noodling I have found about 2 so they almost dont exist in circulation anymore.
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Pillar of the Community
Australia
1333 Posts |
Note that the RAM mintage numbers arent always correct eg.1992 MOB 1 dollar
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Valued Member
269 Posts |
MNCcoinoQuote:
According to Renniks, 4.7m were minted This coin: I have never seen one, or at least not noticed.  I agree that is a nice looking coin. Quote:
.. that I'm missing in this strategy I think that is up to the individual bank's discretion, but not really certain. I asked my bank for a thousand dollars in 5c pieces a few months ago. I was in the mood to search for a double headed 2007 - the bank were not in the mood. They offered a smaller qty. and referred me up to the main city branch who did offer me 20,000 x 5c pieces.
Edited by CoinOS
06/25/2019 10:35 am
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New Member
 Australia
20 Posts |
I was hoping to offload a bunch of 50 cent pieces as a set, but any such bulk lot would be missing this coin (I have it, safely stowed in an album). Sounds like noodling is the way to go. If memory serves correctly, I'd open an account with a bank which has at least two branches nearby, order the bulk change through one, noodle it, dump the unwanted change at the second branch, rinse, repeat and wipe hands on pants.
Or are there any wrinkles that I'm missing in this strategy? How much change do you noodle each time?
Similar story with the Norfolk Island Centenary of Federation 20c piece. I've got numerous examples of all the other States & Territories, but only one Norfolk Island (again, safely stashed in an album).
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Formerly nancyc
Australia
5385 Posts |
I wonder if the non-mintage of 50c coins in 1986, 1987, 1989 & 1990 contributed to the hoarding of the 1991 coins, plus none in 1992 as well, then very low mintage for 1993 coins.
life is a mystery to be lived not a problem to be solved
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Pillar of the Community
Australia
1333 Posts |
i would say maybe worth but it very marginal, probably easily buy-able at about 1-2 dollars in bulk form (however grade is a problem), noodle 1 every 200 or 300 dollars or more in change, or at least that my feeling. They are much harder to find then any state federation coin and a good one is very few and far between.
Possibly that is reason to Nevol, also probably the large amount of circulate commeratives probably made the mint think they should mint relatively less of these, not just a good design but also my birth year :D
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Pillar of the Community
Australia
1040 Posts |
Quote:
Similar story with the Norfolk Island Centenary of Federation 20c piece. I've got numerous examples of all the other States & Territories, but only one Norfolk Island (again, safely stashed in an album). Yeah,not sure what was going on there,NI coins were a lot scarcer than the other States/Territories and that included Friends/Family looking for them in Sydney/Brisbane,may have been more plentiful in the other States. I had to buy rolls at exorbitant prices to make up the sets,as I posted on the Oz. Forum I got caught once,machine rolled but only 2 NI coins at each end and the rest normal 20c.I would still have the roll if I hadn't opened it to complete sets.Seller did a refund and didn't even want the roll back so he must have known/suspected. Edited by Basil
06/25/2019 8:00 pm
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New Member
Australia
20 Posts |
Basil, according to my copy of Renniks (28th ed.), there are 2.2M NIs... not a huge difference from the other States (exc. NSW & Vic). Could it be that anything Norfolk Island related is seen to be a bit rare and therefore more avidly hoarded?
For the record, my now-wife casually collected coins, but didn't really give it much thought until I caught the bug. She immediately donated her NI to my collection. The only one I've ever seen.
For that matter, Renniks or MacDonalds? I've seen variances in mintage figures between the two guides...
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Pillar of the Community
Australia
3831 Posts |
This is one coin that is challenging to find. Some of the more recent ones are reasonably difficult such as the 2000 Royal visit and the recent batch of Aboriginal 50 cents. They flooded the market when they appeared but disappeared equally fast.
Edited by gxseries
06/29/2019 01:19 am
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New Member
Australia
20 Posts |
gxseries, I agree about the Aboriginal 50 cent pieces (if you mean the Eddie Mabo coin... I believe it was issued only through a handful of venues in Canberra and not directly from RAM. But my Mother-in-law got hold of one in Lismore, of all places. It's now in my collection). However I usually see one or two of the AIATSIS coins each month, despite a mintage of 3.01M. If I see one in good enough nick, I grab it.
Royal visit, again, I see them occasionally, a few per year. If in good enough condition, I grab those too. I wonder whether they're being taken out of circulation by staunch Monarchists? I've idly considered hoarding them for resale to such people.
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Pillar of the Community
Australia
2180 Posts |
They're low mintage coins and look different so people hang on to them.
I've seen a few Mabo coins in circulation though - I don't think their distribution was limited.
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Pillar of the Community
Australia
1333 Posts |
yeah the MABO coins are terrible hard to find in circulation, not sure whats going on either banks haven't received many or people are hoarding those to.
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New Member
Australia
20 Posts |
Here's what RAM has to say regarding circulation: https://www.ramint.gov.au/publicati...liation-weekSo, the way it sounds to me is that you could purchase them pre-circulation direct from RAM, otherwise, they circulated via the Canberra venues for a certain period, before being released into general circulation. Still, you'd think after two years they'd crop up a bit more frequently, wouldn't you? Oh, and typical me, I was just rummaging through some unsorted fifty cent pieces, and guess what was there? A 1991 commemorative, of course. |
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Replies: 17 / Views: 4,261 |
Posted 06/24/2019 10:13 am
