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2023 Vegemite $2 Coins

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Pillar of the Community

Australia
1590 Posts
 Posted 05/22/2023  9:53 pm Show Profile   Bookmark this topic Add David Graham to your friends list Get a Link to this Message Number of Subscribers
https://www.ebay.com.au/itm/235016681034

Why am I not surprised. Someone from Woolies has their hand in the till. 141 already sold!! I think that's 7+ mint bags. I guess there won't be any available from that Woolies.
People are already bidding $4-10 for the coin released last week. You can still get them from Woolies at face value. The stupidity of some people beggars belief. Must be FOMO at work.
Pillar of the Community
datadragon's Avatar
United States
1646 Posts
 Posted 05/22/2023  10:54 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Hey its limited! Three million limited-edition coins will be available for customers, with a new design released into cash tills each week over a three-week period.Each of the three designs has a different coloured circle - yellow, red and black. To get one of these Vegemite coins, you have to win one from a Woolworths till. And to get coins from a Woolworths till, you have to put some cash into one.This means that you can't buy a Vegemite coin directly from Woolworths. You also can't buy them from the Royal Australian Mint.

The first coin depicts a jar of Vegemite with the words "100 Mitey Years" at the bottom.

Another coin features a slice of Vegemite toast with the words "Tastes Like Australia", while the third depicts a child eating a slice of Vegemite toast with the words "Happy Little Vegemites

Hey, at least they are honest in the article about likely value increases. With regards to rarity, any coloured $2 coins that have been released through Woolworths haven't really seen great appreciation in value, as the demand is always leaned towards Royal Australian Mint direct releases rather than those that are released through commercial partners.

https://thelatch.com.au/woolworths-vegemite-coins/ and
https://www.news.com.au/lifestyle/r...72e49b2f8e10 and

And heres a set of 6 coins https://www.ebay.com/itm/165995863928
Edited by datadragon
05/22/2023 10:56 pm
Bedrock of the Community
sel_69l's Avatar
Australia
21673 Posts
 Posted 05/22/2023  11:19 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I don't like Vegemite, - even as a kid, I didn't like it.
Looks like axle grease.
Tastes like it as well.

Therefore, not keen on the $2 coins, especially in the way they are marketed.
Pillar of the Community
Australia
1590 Posts
 Posted 05/22/2023  11:52 pm  Show Profile   Bookmark this reply Add David Graham to your friends list Get a Link to this Reply

Quote:

I don't like Vegemite, - even as a kid, I didn't like it.

Are you sure you're an Aussie Sel? Although I must admit, I prefer Marmite or Promite.

Out of curiosity, is it 3 million each coin or 1 million each coin?


Quote:

To get one of these Vegemite coins, you have to win one from a Woolworths till. And to get coins from a Woolworths till, you have to put some cash into one.

Not quite true. I grabbed 5 yesterday. I was buying something I wanted anyway and I just asked. The lady at the till didn't so I went to the ciggie counter and she handed over 5 for a tenner. For those with deep pockets and short arms you could always return the purchased item for a refund and walk away with just the coins.
Pillar of the Community
Australia
1590 Posts
 Posted 05/23/2023  12:03 am  Show Profile   Bookmark this reply Add David Graham to your friends list Get a Link to this Reply

Quote:

With regards to rarity, any coloured $2 coins that have been released through Woolworths haven't really seen great appreciation in value

Maybe not like the poppies etc but the person on ebay has sold 148 with a $10 profit on a $2 coin. That's $1480 profit in the bag within a week. Even Gordon Gekko would like that kind of turn around profit.
Bedrock of the Community
sel_69l's Avatar
Australia
21673 Posts
 Posted 05/23/2023  04:01 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Con The Fruiterer compared Vegemite to axle grease, and suggested it could be used in the same way.
I think he was right.

Three coins in set (price $43), come in three flavors colors:
1. Yellow (sadly, not lemon flavor) - jar, depicted on reverse
2. Black (fortunately, not Vegemite flavor) - substance spread on two slices of bread, depicted on reverse
3. Red (unfortunately, not strawberry flavor) - boy eating the subject of (2.) above, depicted on reverse.

I think price of 3 coin set is too high.
That is why I will take up the opportunity to remove any found in normal circulating pocket change, and add to my collection..
Valued Member
SallyG's Avatar
Australia
319 Posts
 Posted 05/23/2023  04:12 am  Show Profile   Bookmark this reply Add SallyG to your friends list Get a Link to this Reply
I think it is going to be interesting to see how many of these coins actually make it into circulation.

Given the exorbitant prices on ebay and the significant number of unhappy posters on the Mint's Facebook page, it looks like the coins aren't getting into circulation.

I can't get to a Woolies store so I will look for one in circulation. Not holding out much hope.
Bedrock of the Community
sel_69l's Avatar
Australia
21673 Posts
 Posted 05/23/2023  04:17 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have found a red one (boy) already.
What I don't know is if the other two colors and designs will be released into general circulation
Valued Member
SallyG's Avatar
Australia
319 Posts
 Posted 05/23/2023  04:27 am  Show Profile   Bookmark this reply Add SallyG to your friends list Get a Link to this Reply
A red one already? I thought only the yellow one was released? Anyway good score, lucky you.

Where did you get that if not at Woolies?
Pillar of the Community
Australia
1348 Posts
 Posted 05/23/2023  05:52 am  Show Profile   Bookmark this reply Add coaster to your friends list Get a Link to this Reply

Quote:
I thought only the yellow one was released?

Yes, at this stage, that's correct - Wk 1 Yellow, Wk 2 Black and Wk 3 Red.
2023-Vegemite-$2-Coins
Pillar of the Community
triggersmob's Avatar
Australia
8569 Posts
 Posted 05/23/2023  07:13 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply
I got a dozen yellow ones last week in one hit without any problems.
Pillar of the Community
datadragon's Avatar
United States
1646 Posts
 Posted 05/23/2023  08:35 am  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
Out of curiosity, is it 3 million each coin or 1 million each coin?


David, One design will be released each week into the cash tills across a three week period and there's three million of these $2 coins available for customers to collect across Australia. So that should be 1 million of each coin.

Now, while these Woolworths' Vegemite coins are neat, they're not going to satisfy everyone. This is because some folks will go to Woolworths, use a till, and not score a rare piece of shrapnel. However, if you're one such person, don't despair. 'Cause in 2022, the Royal Australian Mint preemptively released a centennial Vegemite coin. And you don't have to be lucky to get one: you can buy them from their website. These Vegemite dollarydoos are a tad bigger, as they're $1 coins. They also feature a piece of toast that's been painted a Vegemite colour. This toast has a bite in its top left corner.

If you want one of these Vegemite coins, it'll cost ya $33.00. Vegemite Centenary - Uncirculated Year Set 2023. https://eshop.ramint.gov.au/2023-cu...n-collection

There is also a Vegemite Centenary - Proof Year Set 2023 for $130, On the flipside is the effigy of Queen Elizabeth II. The 2023 year set will be the last one to feature the late Queen. https://eshop.ramint.gov.au/2023-cu...n-collection


Quote:
I think it is going to be interesting to see how many of these coins actually make it into circulation. Given the exorbitant prices on ebay and the significant number of unhappy posters on the Mint's Facebook page, it looks like the coins aren't getting into circulation.

I can't get to a Woolies store so I will look for one in circulation. Not holding out much hope.


It says some people may go to Woolworths and use a till and may not get one either although as David mentioned you might just go to another area to try. So someone would have to get one and then respend elsewhere and then you find it there,so thats probably much less likely unless they were unpopular coin designs. At likely 1 million each however it also depends on the demand for them as they can be sold second hand if demand remains rather then respend. Woolworths final US locations closed in 1997 so usa collectors would have to go to ebay or such.
Edited by datadragon
05/23/2023 08:42 am
Pillar of the Community
redlock's Avatar
Germany
983 Posts
 Posted 05/23/2023  1:21 pm  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
I got a dozen yellow ones last week in one hit without any problems.


Excellent news!
Pillar of the Community
triggersmob's Avatar
Australia
8569 Posts
 Posted 05/23/2023  5:36 pm  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply
2 of those are for you Redlock. They will be in your 3rd package. 2nd package is on the way already.
Valued Member
SallyG's Avatar
Australia
319 Posts
 Posted 05/24/2023  06:10 am  Show Profile   Bookmark this reply Add SallyG to your friends list Get a Link to this Reply
Sealed bags of 25 coins selling on ebay. Looks like coins are NOT making it into the tills at Woolies. Some other sellers are offering all three coins for delivery after the final release. That indicates that those sellers are confident they will have access to those coins so again, those coins wont be going into the tills. That goes against the advertising that encourages people to shop at Woolies and have a chance of picking up a colored coin in their change. No chance at all if the coins dont get to the tills because staff are swooping on them first.I wonder what the Mint and Woolies management think of this practice? I will be asking them. I think it is not right that the Mint keeps providing collectible coins to a select few people for them to profit from them.
Pillar of the Community
Australia
1590 Posts
 Posted 05/24/2023  4:06 pm  Show Profile   Bookmark this reply Add David Graham to your friends list Get a Link to this Reply

Quote:

I wonder what the Mint and Woolies management think of this practice? I will be asking them.

Don't hold your breath waiting for an answer. This issue has been around for years and RAM staff would need to be living in a hermitage not to be aware of the issue yet they have done little about it. Even the idea of a ballot seems good but why 3 coins per winner? A ballot also includes entries from those who only want to flip the coins for quick profit, i.e. not actual collectors.
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