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 Replies: 10 / Views: 1,774 |
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New Member
Australia
9 Posts |
I am curious as to what everyone's thoughts are regarding the 'standard design' $2 coin, and whether or not it deserves to be in the 'low mintage' category and worth its $68+ price tag.
So far:
1. Front-line Workers
2. Tooth-Fairy
3. 'Aboriginal Elder' Baby-Set ver.
4. Bumblebee
This is already a lot lol.
Personally, I think the Coloured $2 coins have lost their novelty with how many the mint keeps releasing.
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Moderator
 Australia
16810 Posts |
Given that we're not halfway into 2022 yet, I would think it imprudent to start making decisions about either relative or absolute scarcity of 2022 coins. Especially for regular, non-commemorative circulation coins for which mintages are not fixed until the end of the calendar year.
Coins often have a "price spike" on the secondary market as soon as they finish selling from the mint, as people realise they've "missed out" and suddenly decide they want one after all. The spike usually goes back down again, once "everyone who wants one has got one".
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
1040 Posts |
Quote:
Personally, I think the Coloured $2 coins have lost their novelty with how many the mint keeps releasing. Yes,i agree,i was talking to a dealer earlier this year and he felt the Mints were killing the Golden Goose. Interest in Oz pre-Dec. are also waning so interesting times for Dealers in the coming years. |
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Pillar of the Community
Australia
1610 Posts |
Quote:
Yes,i agree,i was talking to a dealer earlier this year and he felt the Mints were killing the Golden Goose.
Interest in Oz pre-Dec. are also waning so interesting times for Dealers in the coming years.
IMO Mints started killing the Golden Goose years ago but you can bet they will continue to churn out commemoritive coins while there's still some bees to be made. It happened with stamps yonks ago. I also wonder if some of the issues (Alphabet, Wiggles, Possum Magic etc) are aimed at a younger generation to to get them into collecting. Must admit that at 51 years of age, I do feel like a youngster among all the 'oldies' at the monthly stamp and collectibles auctions. It could partially be that younger collectors are in online clubs however I'm pretty sure the average age of coin collectors is increasing each year. I don't think interest in coins is waning, rather a combination of lockdowns, stimulus payments and record low interest rates over the past few years has seen prices of all coins reach new highs. Recent high inflation and interest rate hikes while wages stagnate have probably started to affect how much cash people will spend on coins. I think the dealers had an interesting time with the arrival of the internet and the 'globalization' of the coin trade along with the cheaper option of online sales. Those that survived have probably made a nice bit of money over the last 1-2 years with trade starting to go back to pre-covid levels. |
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Pillar of the Community
Australia
2180 Posts |
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Pillar of the Community
Australia
1985 Posts |
There's plenty 2022 aboriginal elder coins in circulation now so no need to pay more than face value.
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Pillar of the Community
Australia
1510 Posts |
Yes I agree there's a few afloat in circulation I managed 5x2022 unc $2 coins so far, just get them before to much damage on them  |
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Pillar of the Community
Australia
2180 Posts |
I think I've found a couple too.
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Pillar of the Community
Australia
1985 Posts |
Just got 14 rolls of $2 coins out of the hole in the wall and they were ALL 2022 aboriginal elders!!  |
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Pillar of the Community
Australia
2180 Posts |
I hope at least one was a nice keeper.
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Pillar of the Community
Australia
1510 Posts |
14 rolls of 2022 $2 coins wow has too be few good ones in that lot.
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Replies: 10 / Views: 1,774 |
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Posted 05/30/2022 7:30 pm
