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1988 Five Dollar Coin-Parliament House

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Author Previous TopicReplies: 10 / Views: 2,552Next Topic  
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 08/31/2010  12:05 am Show Profile   Bookmark this topic Add Ozzie to your friends list Get a Link to this Message Number of Subscribers
Hi I have come across a couple of these coins in their Commonwealth bank packaging.
Anyone know what they are worth apart from $5.
They are UNC.

Thanks.
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Sap's Avatar
Australia
16808 Posts
 Posted 08/31/2010  01:06 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
$5 at the bank is still about the best money you can get for these if you're selling. Even coin dealers seem to be reluctant to pay face value for them.

The Commonwealth Bank flips these coins were sold in were unfortunately heavily plasticized PVC. After 30 years under normal storage conditions they've started to damage the coins, so the coins may not qualify as truly Unc anymore. I know mine doesn't.
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
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 08/31/2010  03:57 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
Thanks SAP.
Pillar of the Community
Australia
515 Posts
 Posted 08/31/2010  06:40 am  Show Profile   Bookmark this reply Add the-purple-penny to your friends list Get a Link to this Reply
I think there were 2 types of plastic that these coins were issued in. An unsealed pvc pouch and a sealed non-pvc. I have the 2 different sorts -don't want them though either.
Valued Member
Australia
153 Posts
 Posted 08/31/2010  09:05 am  Show Profile   Bookmark this reply Add johnsopet to your friends list Get a Link to this Reply
CBA was one packaging,theres a few others I have
A nice cheap collector coin I love them
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 08/31/2010  8:49 pm  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
I have the sealed coin package. It has the spec card sealed in one compartment and the coin sealed in another compartment. It sounds like they are the non-PVC type which is something positive.

At least they are UNC I suppose.

Strange to see an UNC coin (assuming it qualifies) from 1988 with a mintage of 3m selling for face value. I think the $5 coins not being very sought after may be the problem;or Parliament house not being a popular theme.
Pillar of the Community
Australia
515 Posts
 Posted 09/01/2010  9:59 pm  Show Profile   Bookmark this reply Add the-purple-penny to your friends list Get a Link to this Reply
There's an example of the sealed non-pvc packaging type. The better example to have.
http://cgi.ebay.com/Commemorative-F...ht_500wt_928

The unsealed pvc type:
http://cgi.ebay.com/1988-Unc-5-Comm...t_500wt_1154
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 09/02/2010  03:07 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
Thanks Purple penny. I've got the better non-pvc one. They dont seem to be very popular.
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Yass's Avatar
Australia
652 Posts
 Posted 09/06/2010  05:26 am  Show Profile   Bookmark this reply Add Yass to your friends list Get a Link to this Reply
Ozzie,
Like the 1 and 2 cent pieces, you should ask the bank if they have any $5 and $10 coins. They are legal tender and I have heard of banks having a few at face value.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 09/06/2010  06:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I must admit, I cannot see good investment in NCLT. The mint has customers, not numismatists. An investor in coins, if he is going to pay big money, should seek professional advice before investing in NCLT. Only a very few issues have turned out to be successful investments, and usually those with extremely low mintages, the existence of which have almost no publicity attached, because the mint KNOWS that they will sell out in a day.
Valued Member
Ozzie's Avatar
Cyprus
349 Posts
 Posted 09/06/2010  07:48 am  Show Profile   Bookmark this reply Add Ozzie to your friends list Get a Link to this Reply
OK Yass I will check with the bank next time.
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