Australian-Coins Forum

Australian Coins, Banknotes and Exonumia => Australian Pre-Decimal Coins => Topic started by: ausproofs on May 11, 2014, 09:31:29 AM

Title: Most underrated pre decimal coin & most overrated coin
Post by: ausproofs on May 11, 2014, 09:31:29 AM
Hi Guys n Gals,

What do you think the most underrated pre decimal coin/s?

I will start with a few..

1940 Threepence
1940 Florin and 1941 Florin

Overrated

1934/35 Florin (now this is going to start some dialogue ):angel:

I have based my statements on the population charts and the asking price for the specific coin...

Again this is my uneducated opinion, would love to hear what others think !
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: trout on May 11, 2014, 09:34:17 AM
I have to agree with you on the 34/35 florin :ok:

The 1953 and 1954 3d's are pretty underestimated as well
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: autocoupler on May 11, 2014, 10:36:41 AM
I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: echidna on May 11, 2014, 10:43:56 AM
Quote from: 'ausproofs' pid='48801' dateline='1399766489'Hi Guys n Gals,

What do you think the most underrated pre decimal coin/s?

I will start with a few..

1940 Threepence
1940 Florin and 1941 Florin

Overrated

1934/35 Florin (now this is going to start some dialogue ):angel:

I have based my statements on the population charts and the asking price for the specific coin...

Again this is my uneducated opinion, would love to hear what others think !

In UNC most under-rated:
1942M threepence
1944M penny
All half sovs pre 1900

Most over-rated :
Melb Centenary
QEII post 1956
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: ausproofs on May 11, 2014, 10:51:33 AM
[/quote]

In UNC most under-rated:
1942M threepence
1944M penny
All half sovs pre 1900

Most over-rated :
Melb Centenary
QEII post 1956
[/quote]

Good point about the 1944 Penny... Good to see I am not the only one to think Melb Centenary is overrated ...
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: Fr45h3R on May 11, 2014, 11:07:46 AM
Definitely the 1942M 3d in UNC.
Don't let the pop report from PCGS be the only input into this. There are some coins that may have had mint rolls graded so there are some high grade examples available, but in reality those will probably remain uncontested unless more rolls are found.
The 1959 Melbourne penny is a good example of this. In MS64RB I think the price Purple Penny has for one on the website, it's a steal.

I think there are a number of varieties that are extremely difficult in high grade, but as they're only picked up by variety collectors they don't seem to attract much premium.
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: nealeffendi on May 11, 2014, 11:54:23 AM
Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.
That figure and claim was made by Mark from Strand Coins. I doubt the claim is correct as I have scores of them from bulk lots. In high grade any 1929 penny is rare.
I don't think the '42M is underrated as the price they sell for reflects how darn hard they are to find in high grade.
As for the Centenary florin being overrated I agree that it isn't an attractive coin but the price is what it is and around $1,500 for a MS65 Geo florin isn't unreasonable.
For underrated coins I think the 19** sixpence is a bargain in the high MS grades. I won't tell youse what year as I'm on the hunt and don't want competition.
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: trout on May 11, 2014, 12:00:21 PM
QuoteI think the 19** sixpence is a bargain in the high MS grades. I won't tell youse what year as I'm on the hunt and don't want competition.
1953 :)
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: ausproofs on May 11, 2014, 01:09:19 PM
Quote from: 'nealeffendi' pid='48838' dateline='1399775063'
Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.
That figure and claim was made by Mark from Strand Coins. I doubt the claim is correct as I have scores of them from bulk lots. In high grade any 1929 penny is rare.
I don't think the '42M is underrated as the price they sell for reflects how darn hard they are to find in high grade.
As for the Centenary florin being overrated I agree that it isn't an attractive coin but the price is what it is and around $1,500 for a MS65 Geo florin isn't unreasonable.
For underrated coins I think the 19** sixpence is a bargain in the high MS grades. I won't tell youse what year as I'm on the hunt and don't want competition.

Hahaha... I thought we are all friends here :wavemulticolor:

I think you are referring to 1940, 1942 S, 1943 S and 1944 S Zacs ?
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: stevo1962 on May 11, 2014, 01:42:21 PM
I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: echidna on May 11, 2014, 01:48:55 PM
Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

Very hard in choice.
Most UNCs are weak or have planchet flaws.
Or have been cleaned.
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: ausproofs on May 11, 2014, 02:19:53 PM
Quote from: 'echidna' pid='48852' dateline='1399781935'
Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

Very hard in choice.
Most UNCs are weak or have planchet flaws.
Or have been cleaned.

I have been looking at 1952 Zacs as well.. I agree with echidna ... Only decent 52 Zacs I have come across are expensive to say the least.. Or they are no good at all..
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: Fr45h3R on May 11, 2014, 02:59:50 PM
Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

There was a nice one in a bulk lot a couple of weeks back.
It looks 'planted' though. Just to the left of the 1954 florin.
Apart from that, it looked great.
http://www.ebay.com.au/itm/Assortment-Australian-1960s-High-Grade-Silver-Sixpence-Threepence-Coins-289g-/171301361014?pt=AU_Coins2&hash=item27e25b5576&nma=true&si=iXL3sIgpMoTLibKD%252FQYegPRsS9Q%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: autocoupler on May 11, 2014, 06:49:42 PM
Quote from: 'Fr45h3R' pid='48855' dateline='1399786190'
Quote from: 'stevo1962' pid='48851' dateline='1399781541'I've been looking for a nice 1952 sixpence for a while and they are very hard
to find in MS63 or better without paying a lot

There was a nice one in a bulk lot a couple of weeks back.
It looks 'planted' though. Just to the left of the 1954 florin.
Apart from that, it looked great.
http://www.ebay.com.au/itm/Assortment-Australian-1960s-High-Grade-Silver-Sixpence-Threepence-Coins-289g-/171301361014?pt=AU_Coins2&hash=item27e25b5576&nma=true&si=iXL3sIgpMoTLibKD%252FQYegPRsS9Q%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Just looking at those ebay pics. If a seller was attempting to convince buyers that maybe just maybe there was a chance of jagging something in uncirculated, why would they display the coins strewn about like they were earmarked for grandmas Christmas pudding. My idea of uncirculated means no contact after leaving the Mint, or is that naive  :angel::dodgy:
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: nealeffendi on May 23, 2014, 10:12:50 PM
Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.

Hi, by chance today Fred (Lever) sent me an updated version of his list of the rarest penny varieties for me to pull apart. Got me questioning if the '29 Indian would make the tail end of the scarce coins.
So I pulled 43 pennies from my stash that were dated 1929. They are reasonably random average circulated coins collected over about 7 years in Sydney and there were 22 English and 21 Indian.
With 2.5 million minted that year that makes it likely that over a million had the Indian obverse so nowhere near scarce.
Took me a few minutes to identify at least 3 die pairs. That claim for a single die pair is wrong.
Title: RE: Most underrated pre decimal coin & most overrated coin
Post by: autocoupler on May 24, 2014, 07:17:39 PM
Quote from: 'nealeffendi' pid='49950' dateline='1400848970'
Quote from: 'autocoupler' pid='48814' dateline='1399770401'I recall something about the 1929 Indian obverse Penny only being produced using one die pair with an estimated mintage of 50,000. If this is correct it could be seen as underrated, particularly in high grade.

Hi, by chance today Fred (Lever) sent me an updated version of his list of the rarest penny varieties for me to pull apart. Got me questioning if the '29 Indian would make the tail end of the scarce coins.
So I pulled 43 pennies from my stash that were dated 1929. They are reasonably random average circulated coins collected over about 7 years in Sydney and there were 22 English and 21 Indian.
With 2.5 million minted that year that makes it likely that over a million had the Indian obverse so nowhere near scarce.
Took me a few minutes to identify at least 3 die pairs. That claim for a single die pair is wrong.

There's no denying three birds in the hand nealeffendi. Sounds like you have busted that myth :good: