So why does the term Granny Bait been give to Coloured silver coins?
When $1 comm coins are sold from the mint at 1,400% above their value?
Colored silver 1oz coins sell for about 500% above cost of silver?
So who is doing what to the term Granny Bait?
For what it's worth, I thought that anything that is a non circulating coin has been referred to granny bait in many a post.
Quote from: 'Unicorn' pid='62624' dateline='1416462510'For what it's worth, I thought that anything that is a non circulating coin has been referred to granny bait in many a post.
That's my take on it too.
oh
I thought it was the silver proofs in single issues
:laugh2: RG I'm happy for the term to mean anything but a standard circulating coin.
PS: I'm into potatoes and tomatoes! (Sorry, just had to amuse myself).
Sounds like "Granny Bait" is a very bigoted term in coin collecting.
That's a term I will now see as being said as bad manners!
Quote from: 'colour' pid='62700' dateline='1416562394'Sounds like "Granny Bait" is a very bigoted term in coin collecting. That's a term I will now see as being said as bad manners!
:scratch_one-s_head: Nothing bad mannered or bigoted about it.
It's just a term to 'very loosely' apply to any of the severely overpriced NCLT stuff being churned out by both the RAM & PM. I used to purchase some RAM "Granny Bait", but not any more, there's just waaaayyyy too much of it.
This Granny no longer takes the bait. :whistle2:
Hi Nevol
Unfortunately "Granny Bait" does not stick to your definition.
The cost of the coin does not seem to matter.
That's where I see as a bigoted term.
Quote from: 'colour' pid='62730' dateline='1416613891'Hi Nevol
Unfortunately "Granny Bait" does not stick to your definition.
The cost of the coin does not seem to matter.
That's where I see as a bigoted term.
It's not bigoted at all its just the term used for anything that isn't minted for circulation.
They are what they are the term Grannybait is pretty much the same as the name for a coarse file :)
Example the new 2014 $2 green remembrance coin roll had a cost of about $3 per coin if you got in early. But they do not escape the term mentioned.
The term in question that I have been exposed to has been more directed towards coloured coins.
Even though the definition of "Granny Bait" seem to change wildly within the different coin collecting groups. It is not a good look for the new collector's or a term to be handing over too the younger collectors.
The term infers that you are an inferior person if you collect "Granny Bait".
Sounds very bigoted to me.
Hi,
I think you are reading far too much into the expression. IMO it is a term of phrase about a Coin that would appeal to a Granny to get her Grand-kids. A Fishing shop could also be thought of as a " Grandad Bait " shop. They do sell bait, and many customers would be Grand-dads or likely to become one. Far too many people are trying to take offense at anything that is factual / apparent.
Good grief, dig a bit deeper Colour, the term, from my observation
was first applied to overpriced Junk being offered to a "Target"
market by the Franklin Mint. Not just coins.
So I am a random Granny Bait collector. Hmmmmmm . I bet you there are heaps of Granny's that totally hate that term and why should they wear it.
Looks like some Australia pre-dec key dates coming up but the risk of China & Asia forgeries makes it a situation for "Sucker Bait" collectors. But it does fit the random type of collecting.
Interesting about Fordprefect's comment.
QuoteGood grief, dig a bit deeper Colour, the term, from my observation
was first applied to overpriced Junk being offered to a "Target"
market by the Franklin Mint. Not just coins.
Thanks trout! It is a bad term through my eyes. But who am I?