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Prices Paid For 2013 $1 Black Caviar And 2015 $1 Red Poppy - Anomalous Or Not?

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SallyG's Avatar
Australia
382 Posts
 Posted 02/14/2025  8:08 pm Show Profile   Bookmark this topic Add SallyG to your friends list Get a Link to this Message Number of Subscribers
Can someone help me understand why these coins seem to attract such high prices compared to other commemorative coins of similar mintage and ages? The 2013 $1 Black Caviar coloured coin with a mintage of around 15000 coins regularly sells for around the $100 mark. By comparison a 2013 $1 Polar Animals Penguin coloured coin with a smaller mintage (around 11000 coins) sells for around $20.

The 2015 $1 WWI War Heroes Red Poppy coin with a mintage of around 13000 coins regularly sells for around $900. The 2015 $1 Unlikely Heroes Murphy the Donkey coloured coin (mintage around 10000 coins) sells for around $30.

I can understand people paying higher prices for coins that are relatively rare or of lower mintage. These coins are the opposite.

The RAM has been pumping out some questionable themes in recent times just for the purpose of milking money out of poor collectors. Such coins are not popular and don't sell well and consequently end up attracting lower prices - e.g. the AFL coins now selling for less than the original recommend retail price. I'm not sure if the coins mentioned above fit that category but "polar animals" might?

One other thing I have noticed is that the Renniks catalogue lists high values for the Black Caviar and Red Poppy coins. Is it a case of the catalogue influencing the buyer to pay more rather than the catalogue reflecting the actual value of those coins? I would expect that Renniks would be a reliable source of information and that if an error had been made in the published values that it would have been corrected by now?

There is a similar thing happening with the 2006 50c Commonwealth Games Gymnastics coin. Despite it being a similar mintage to the others in the set, it regularly fetches prices around twice of what any of the others in the set do. Again, is it the inflated value in the catalogue that sucks people in?

Or are collectors just particularly enamoured with those coins?
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MachinMachinMan's Avatar
Australia
1985 Posts
 Posted 02/14/2025  9:47 pm  Show Profile   Bookmark this reply Add MachinMachinMan to your friends list Get a Link to this Reply
That's how it goes Sally. Someone decides that a particular coin is worth much more than the rest for no particular reason (besides being in possession of plenty of them) and gullible people jump on the bandwagon and soon that is the "market price". Just depends if you are good at influencing people or not.
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mrcruise's Avatar
Australia
552 Posts
 Posted 02/15/2025  03:08 am  Show Profile   Bookmark this reply Add mrcruise to your friends list Get a Link to this Reply
I don't have an answer for why the 2006 50c Commonwealth Games Gymnastics coin shows an increased price disparency but as far as the Black Caviar coin is concerned I remember that the silver coin quickly sold out leading to other related Black Caviar coins also demanding a price hike
Edited by mrcruise
02/15/2025 03:09 am
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