Australian-Coins Forum

Numismatic Discussion => Coin Chit Chat => Topic started by: purplepennyhunter on May 10, 2016, 11:23:25 AM

Title: First RAM Currency Determination for 2016
Post by: purplepennyhunter on May 10, 2016, 11:23:25 AM
2016 RAM No. 1 (https://www.legislation.gov.au/Details/F2016L00733)

More coloured $2 this time for the Olympics? Seems to be a lot of design on such a little coin........
Title: RE: Frist RAM Currency Determination for 2016
Post by: Nevol on May 10, 2016, 11:46:35 AM
1c & 2c making a 'special' comeback in their 'normal' guise as well as in Gold & Silver, and I see the 5c is still there too.

Not anything much that's going to get me excited though.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 10, 2016, 12:26:26 PM
After being the "Poor Relation" for many years the $2 coin has finally gained some popularity with the introduction of the coloured coins and the commemoratives.
Now this series is about to be bombarded with 37 different coins all in one hit .
What are these Morons at RAM thinking. :dash1:
Title: RE: First RAM Currency Determination for 2016
Post by: markn on May 10, 2016, 12:28:24 PM
Quote from: 'trout' pid='88456' dateline='1462848986'What are these Morons at RAM thinking. :dash1:

$$$$$$$$
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 10, 2016, 12:40:17 PM
Quote from: 'markn' pid='88457' dateline='1462849104'
Quote from: 'trout' pid='88456' dateline='1462848986'What are these Morons at RAM thinking. :dash1:

$$$$$$$$

Maybe in the short term RAM may rake in the shekels but how about the loss in revenue from the new $2 collectors that will undoubtedly cease collecting altogether due to the costs involved in having a complete set.
The ABC $1 coin issues debacle is still fresh in my mind :angel:
Title: RE: First RAM Currency Determination for 2016
Post by: Fulvio on May 10, 2016, 05:56:12 PM
Quote from: 'trout' pid='88456' dateline='1462848986'What are these Morons at RAM thinking. :dash1:

What be this "thinking", of which ye speak???? :dodgy:
Title: RE: First RAM Currency Determination for 2016
Post by: runway on May 10, 2016, 10:49:16 PM
Rolls are where the money is :)
Title: RE: First RAM Currency Determination for 2016
Post by: purplepennyhunter on May 11, 2016, 08:43:56 AM
This is sad news. People have stopped collecting the dollar coins and perhaps picked up $2, this just beats them down with sticks.
Title: RE: First RAM Currency Determination for 2016
Post by: r9453 on May 11, 2016, 08:55:27 AM
I'm not sure what you mean by "beats them down with sticks". Is it because about half the coins listed are $2 aka the RAM has stopped making NCLT $1 coins. If so, won't the same thing happen with NCLT $2 coins? Except a lot of collectors, like me, won't even bother with them in the first place.

Don't get me wrong I was a big fan of the NCLT $1 coins, I have 100s of them but like a lot of others I was forced to give them up due to overkill by the RAM.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 11, 2016, 11:54:58 AM
I have been quietly collecting the $2 coins for quite a few years now.
Nothing exciting But I have put a nice little collection together with the circ , proof and silver proof issues over the years.
When the first "Poppy" coin came out it added a new level to the collection and with the introduction of the handful of other commemoratives issued over the last three years it made this particular collection a bit more "Interesting" and yet still an affordable option and I have been enjoying putting it together.

Is this sounding all so familiar to the $1 collectors that started their collections in the early 2000's ?

The ABC and the absolute Plethora of other mintmarked and counterstamped coins issued in the last 2 years has destroyed my enjoyment collecting the $1 coins now because it was no longer a case of enjoying putting a few new coins into the set , It become a chore and a burden on my time and finance and to be quite honest  the concepts and designs of the majority of these offerings were pretty "Lame" and "Unworthy" to add to my collection anyway.

I was hoping that the RAM would "Curb" their Greed and not go down the same path as they did with the 25mm dollar coins But it looks like my hopes are about to be dashed with the introduction of these 35 new $2 coins :dash1:
Title: RE: First RAM Currency Determination for 2016
Post by: r9453 on May 11, 2016, 12:00:22 PM
Quote from: 'trout' pid='88486' dateline='1462933498'Is this sounding all so familiar to the $1 collectors that started their collections in the early 2000's ?

Eerily so.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 11, 2016, 12:00:44 PM
I have also posted this on the RAM "Shaping your Collection" forum in a Vain hope that someone may listen and take heed.
Title: RE: First RAM Currency Determination for 2016
Post by: Goldseeker on May 11, 2016, 04:13:20 PM
All one has to do is find the money to buy these $2 coins and to find a DANSCO supreme page that will hold them tight.

some 36 $2 coins if my count is correct for the Olympic Games.

Now, will these $2 coins be sold as a collection or sold singularly?
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 11, 2016, 04:32:56 PM
QuoteNow, will these $2 coins be sold as a collection or sold singularly?

Probably come out carded at $15 each
That's $480 for the coins plus the dansco album .
Title: RE: First RAM Currency Determination for 2016
Post by: Fulvio on May 11, 2016, 05:30:47 PM
Quote from: 'Goldseeker' pid='88505' dateline='1462949000'All one has to do is find the money to buy these $2 coins and to find a DANSCO supreme page that will hold them tight.

To what end?

If they kill the goose that lays the golden eggs, then there's no point because there's no secondary market.

I've been bleating about this since Australia Post killed much of the Philatelic community off late last century. It was no longer just a matter of buying new stamp issues a few times a year, but a nonstop torrent of ill-considered commemoratives and definitives swapped for no good reason. And even their version of privy marks, with the little markers denoting print runs.

When the RAM started down this same path, I tried to point out that it would not end well. But money is money, and there's always more collectors to replace the ones who walk away in disgust, right? Maybe they're realised that's not so, and they're trying to dig up a fresh crop of mugs after so many gave up on $1 coins.

Me, I haven't regarded NCLT as 'real' coins in a long time. Proper coins circulate, or at least are intended to, and are released at face value. I may pick up the odd item that I find interesting, but I've had a gutful of granny-bait, and I won't touch this rubbish with a barge-pole.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 11, 2016, 05:47:37 PM
QuoteMe, I haven't regarded NCLT as 'real' coins in a long time. Proper coins circulate, or at least are intended to, and are released at face value. I may pick up the odd item that I find interesting, but I've had a gutful of granny-bait, and I won't touch this rubbish with a barge-pole.

I am starting to feel the same way Mate But I still will buy interesting (as far as I am concerned) releases but maintaining my various decimal collections at 100% is no longer an option or a concern for me .

I am actually glad in a way that RAM in its greed has led me to open my horizons and look at other numismatic options like the Maundy coins I now pursue with the same passion I held for my now defunct $1 collection :)
A large percentage of the money I used to spend on my hobby is now going overseas instead of being spent in Australia and I doubt very much that I am alone in this .
Title: RE: First RAM Currency Determination for 2016
Post by: r9453 on May 11, 2016, 06:05:26 PM
Quote from: 'trout' pid='88512' dateline='1462954657'A large percentage of the money I used to spend on my hobby is now going overseas instead of being spent in Australia and I doubt very much that I am alone in this .

In my case its 100% - although my attention is directed toward pre-decimals which were my first area of interest in any case.
Title: RE: First RAM Currency Determination for 2016
Post by: Fulvio on May 11, 2016, 06:09:11 PM
Quote from: 'trout' pid='88512' dateline='1462954657'A large percentage of the money I used to spend on my hobby is now going overseas instead of being spent in Australia and I doubt very much that I am alone in this .

I'm sure you're not. :angel:

Me, I've developed a soft spot for the UK's 20-pound silver coins at face value. Pity they cost so much to ship.

And about the only thing I've bought lately has been the second lot of News Ltd coins, only because I think this is going to be a four-year deal, and it makes sense to have the set.

Then again, I've also given up chasing non-existed UNC coins, after not seeing ANYTHING in 12 months.

Maybe I'll start noodling again. Haven't done that properly in years.
Title: RE: First RAM Currency Determination for 2016
Post by: interest on May 11, 2016, 11:29:30 PM
The guy from RAMint is denying that there will be 35 two dollar coins released this year.


Dion Buck said:
Hi Robert,
Care to enlighten us with where you may have received this information?
Thanks, dion.

Hi Dion
From here,
https://www.legislation.gov.au/Details/F2016L00733
 items 36 to 72.  is this not correct?
Cheers
Rob

Hi robert,

 It is correct. What it is not, is a record of all coins to be issued. I'm not going to go through this here because its not why we chat here, but keep your eye on the mint to see when new coins will be issued. On the day we release our 35th $2 coin for the year I'll personally buy all of you a drink.

 Thanks mate,
 Dion.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 11, 2016, 11:39:05 PM
Yes I read that, looks like they will span into next year.
Title: RE: First RAM Currency Determination for 2016
Post by: purplepennyhunter on May 12, 2016, 09:34:35 AM
The RAM can't comment officially, I get the feeling Dion is tip toeing around it that's all he can do. To me he's implying we've got it wrong but it's there in black and white but perhaps they'll put the skates on the idea with negative comments.

I see all the colours of the Olympic rings for the $2 -that's 5. Perhaps we're looking at sets each with C, M, B, C, A and P (6)  counterstamps or mintmarks. That makes the 35 we speak of.

edit: gosh it's confusing.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 12, 2016, 09:48:11 AM
From the negative comments I have seen so far regarding these coins I imagine that it has put Dion in an awkward spot poor bugger.
At least these coins are refreshingly NOT War related for a change.
Maybe they will do a "Back flip" on these so that they don't have to add these to the ABC coins they are unable to sell :angel:
Title: RE: First RAM Currency Determination for 2016
Post by: Fulvio on May 12, 2016, 12:41:24 PM
Interesting.

Correct me if I'm wrong, but a determination is a licence to make money, not an order, right? So while they CAN produce them, they're under no compulsion unless needs arise?
Title: RE: First RAM Currency Determination for 2016
Post by: purplepennyhunter on May 12, 2016, 05:48:23 PM
Quote from: 'Fulvio' pid='88542' dateline='1463022684'Interesting.

Correct me if I'm wrong, but a determination is a licence to make money, not an order, right? So while they CAN produce them, they're under no compulsion unless needs arise?

Yes that's right, they don't have to make all the items in the determination.
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 12, 2016, 05:51:09 PM
QuoteYes that's right, they don't have to make all the items in the determination.
Maybe common sense may prevail after all :angel:
Title: RE: First RAM Currency Determination for 2016
Post by: Fulvio on May 12, 2016, 11:14:20 PM
Quote from: 'trout' pid='88555' dateline='1463041269'Maybe common sense may prevail after all :angel:

Have you gone off your meds????? This IS the MINT we're talking about here, after all. :diablo:

"common sense"... :dodgy:
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 12, 2016, 11:43:22 PM
Nothing wrong with my meds Mate, Without them I would be  perfectly normal :diablo::)
I am more concerned with what they put in the cakes for smoko at RAM these days :angel:
Title: RE: First RAM Currency Determination for 2016
Post by: ausjack on May 18, 2016, 06:56:37 PM
Quote from: 'trout' pid='88586' dateline='1463062402'I am more concerned with what they put in the cakes for smoko at RAM these days :angel:

:angel: Maybe this (http://i64.tinypic.com/jjxwdd.jpg)
made into this trout :blink:
(http://i63.tinypic.com/2yy31nt.jpg)
Title: RE: First RAM Currency Determination for 2016
Post by: runway on May 18, 2016, 09:56:37 PM
If all are circulated they will be great
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 18, 2016, 09:58:52 PM
HeHeHe :)
Title: RE: First RAM Currency Determination for 2016
Post by: ausjack on May 18, 2016, 10:25:05 PM
Fulvio...ooop's sorry :blush2: the devil made me do it :)
Title: RE: First RAM Currency Determination for 2016
Post by: interest on May 19, 2016, 10:03:03 AM
Hi AJ.
Could you get me a pound of that cake please.
Thanks
Rob

Quote from: 'ausjack' pid='88785' dateline='1463563597'
Quote from: 'trout' pid='88586' dateline='1463062402'I am more concerned with what they put in the cakes for smoko at RAM these days :angel:

:angel: Maybe this (http://i64.tinypic.com/jjxwdd.jpg)
made into this trout :blink:
(http://i63.tinypic.com/2yy31nt.jpg)
Title: RE: First RAM Currency Determination for 2016
Post by: ausjack on May 19, 2016, 10:09:14 AM
Quote from: 'interest' pid='88832' dateline='1463617983'Hi AJ.
Could you get me a pound of that cake please.
Thanks
Rob

Quote from: 'ausjack' pid='88785' dateline='1463563597'
Quote from: 'trout' pid='88586' dateline='1463062402'I am more concerned with what they put in the cakes for smoko at RAM these days :angel:

:angel: Maybe this (http://i64.tinypic.com/jjxwdd.jpg)
made into this trout :blink:
(http://i63.tinypic.com/2yy31nt.jpg)

Your in the right area for it now Rob :yahoo: I'll see what I can do :winkextra: :friends:
Title: RE: First RAM Currency Determination for 2016
Post by: Fulvio on May 19, 2016, 12:25:52 PM
AJ, you sure that's it? Given that we're talking about Canberra, where everyone's doped up on coffee and treat the rest of us like mushrooms, wouldn't this be more likely?

http://www.abc.net.au/news/2016-05-10/perth-mushroom-farm-begins-production/7399456
Title: RE: First RAM Currency Determination for 2016
Post by: interest on May 19, 2016, 01:44:39 PM
Even a nice thick slice would do!
Quote from: 'ausjack' pid='88833' dateline='1463618354'
Quote from: 'interest' pid='88832' dateline='1463617983'Hi AJ.
Could you get me a pound of that cake please.
Thanks
Rob

Quote from: 'ausjack' pid='88785' dateline='1463563597'
Quote from: 'trout' pid='88586' dateline='1463062402'I am more concerned with what they put in the cakes for smoko at RAM these days :angel:

:angel: Maybe this (http://i64.tinypic.com/jjxwdd.jpg)
made into this trout :blink:
(http://i63.tinypic.com/2yy31nt.jpg)

Your in the right area for it now Rob :yahoo: I'll see what I can do :winkextra: :friends:
Title: RE: First RAM Currency Determination for 2016
Post by: ausjack on May 19, 2016, 04:25:30 PM
Yes true Fulvio, a lot of pot heads in canberra and that's why the decriminalised it. I wonder how RG is going with her mushrooms :)

:laugh2: a nice thick slice would really do, might even have to have it in smaller portions :winkextra:

:scratch_one-s_head: now how in the hell did we get here, that's right, bloody trout :laugh2:
Title: RE: First RAM Currency Determination for 2016
Post by: trout on May 19, 2016, 07:08:07 PM
Quotenow how in the hell did we get here, that's right, bloody trout

Dead easy  Mate, All I needed to do was plant a seed in you imagination :diablo::laugh2:
Title: RE: First RAM Currency Determination for 2016
Post by: ausjack on May 19, 2016, 07:54:46 PM
:blink: lucky for you I'm easily distracted :)

and influenced :laugh2:

Maybe I should go put a seed in :winkextra: