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 Replies: 8 / Views: 4,422 |
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Valued Member
United States
171 Posts |
I have a question that I've been meaning to ask for awhile. I notice that there is a section on the forum dedicated to Aussie coins. I am wondering why that is  I can understand Canada with it's close proximity to the US being popular but am curious about what makes Australian money a popular area of collecting  |
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Bedrock of the Community
Australia
21786 Posts |
There are 6 or so leading countries in the world that have a comparatively large proportion of their population that collect coins. They are: United States of America Canada United Kingdom Australia Germany Netherlands The only reason the U.S.A. is the biggest is because it has the largest population of the above mentioned countries, so that's where the market is the biggest. There at least 10 public coin auctions in Australia each year, where there are more than 2 million dollars worth of coins change hands at the event. The U.S. has a population about 20 times that of Australia, so it would not be unreasonable to expect that The U.S. market would realise a total of perhaps 400 million dollars at public auction. Maybe some one in the CCF can give a better idea of the size of U.S. coin auction market than me. Australian coin dealers even have representatives and subsidiary coin businesses operating in the United States. I don't know of any American coin business operating in Australia. Australia has two mints that manufacture coins for a number of overseas countries, and the size of business of the Royal Australian Mint would at least equal that of the Royal Canadian Mint. Both make a huge number of collector coins each year. Australia has one of the World's leading coin collector magazines: The Australin Coin and Banknote Magazine, and VERY old coin associations, the best known being the Australian Numismatic Society. Sap could be able to tell you a thing or two about the ANS! What I am trying to get to is that the Australian coin market is pretty big. Edited by sel_69l
01/12/2011 05:15 am
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Pillar of the Community
Thailand
1509 Posts |
As my wife keeps reminding me "size isn't everything."
I know there are quite a few collectors in Eastern Europe and Russia but I get the impression that there are not so many in most Asian countries.
Perhaps the language barrier keeps non-English speaking collectors from joining in the fun here?
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Moderator
 Australia
16808 Posts |
The reason why this forum has a large dedicated Australian section is that several of the founding members (not me; I came along a year later) were either Australian or were interested in Australian coins.
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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Bedrock of the Community
Australia
21786 Posts |
Sap: Well you are certainly holding the Australian end up now, in the CCF!
Hope you are OK with the flooding in the Brisbane area.
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Pillar of the Community
Germany
1238 Posts |
Quote:
I know there are quite a few collectors in Eastern Europe and Russia but I get the impression that there are not so many in most Asian countries.
Perhaps the language barrier keeps non-English speaking collectors from joining in the fun here? Sometimes you just end up somewhere by accident, and then attract others, and so on. ;) For example, another coin forum where I participate is basically "global" but for some reason has a huge Indian area (in English). Also keep in mind that collectors in Germany, the Netherlands or Poland have "their own" forums; while speaking English is not exactly a problem for many of us, lots of discussions in those forums are in what the collectors speak as their primary languages ... Christian |
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Bedrock of the Community
United States
12437 Posts |
Quote:
Maybe some one in the CCF can give a better idea of the size of U.S. coin auction market than me In excess of $1 billion/year, Heritage Auctions alone hammers about $400 million a year. In regards to Aussie coins, they do tend to have a certain appeal to US collectors as well. Many great designs and a significant number of Aussie coins have been minted in the US, primarily during WWII. Personally, Aussie coins comprise the largest group in my darkside collection and a good number of them have come from the wonderful Australian members of this forum. |
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Bedrock of the Community
United States
14454 Posts |
yes the founders of the site were aussie coin collectors and some even came from Australia to the US (I believe). At one time I believe there were as many if not more Australian coin collectors on the forum as there were people that collected US coins and the ones that did collect US coins collected both. Of course I came along allot longer than this so the section was always there since I have been here but I remember allot of traffic in that section when I first joined |
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Valued Member
United States
212 Posts |
The Australian $1 Silver Kangaroo Series is a perfect example of the type of product the Royal Australian Mint puts out. You can't really appreciate their beauty until you've held one in hand. Same for the Kookaburra Series. STUNNING! |
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Replies: 8 / Views: 4,422 |
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Posted 01/12/2011 06:54 am
