Anyone have any idea why these rolls are so overpriced on fleabag?
I bought mine from a dealer that I get a lot of new issues from for $90. Cheapest one I can see on fleabag is an auction starting at $250 and there is another auction that has 18 bids at $255.
Have they got major errors or something? The C mint marked ones don't seem to be ridiculous.
It is called 'ripoff'. I collect $2 coloured coins and only want one coin but am not going to pay fleabay price.
Will wait until they come down to a more reasonable price.
[quote="gweidion" pid='122326' dateline='1589543031']
The C mint marked ones don't seem to be ridiculous.
[/quote]
Coloured $2 coins now seem to be a thing that collectors now actively chase and so push up prices. Based on past experience the C mintmarks will become a target too.
The 2012 and 2013 C mintmarks are hitting the $300 level. Other years not so much but still some hefty prices being paid for subsequent years (and climbing).
Pedro
The Mint Shop still has them listed at $15 but, you guessed it, "UNAVAILABLE".
Were they meant to be available at swaps that ended up getting cancelled?
Generally speaking, with all modern mint rolls limited to 5000, this is what's supposed to happen. With other issues asking huge premiums for both bags and rolls, I note Cotton and Co rolls (which can be created on demand) don't seem to attract any where near the same premium. $2 are also the safest rolls and bags to speculate on as their face value is the highest. Folks also like war issues and shiny things.
More specifically, this issue is sold out at the first 4 dealers on Google, and the 5th has one available for $280, so yeah the ones you mentioned are actually trading relatively on par with the limited quantity available elsewhere. It's also currently tying for 2nd lowest mintage circulating $2, but only half way through the year so that could change (see below). Freeze on coinswaps likely a factor too as Mister T says above.
I've just stocked up on 2019 $2 bags both JC and IRB - these are currently listed together on RAM site with just 0.47 circulation, final numbers pending in the 19/20 report, but chances are one of these two is going to be the lowest mintage ever, with the other second when the dust settles. Add to that the last/first of an era appeal and these look like a decent play. Most bags/rolls are priced crazy, but you can still find a few for $90 to $110 if you dig around.
Tl;dr it's markets 101, supply and demand, the market can stay irrational longer than you can stay sober etc
Quote from: 'FilthyLucre' pid='122693' dateline='1593328392'I've just stocked up on 2019 $2 bags both JC and IRB - these are currently listed together on RAM site with just 0.47 circulation, final numbers pending in the 19/20 report, but chances are one of these two is going to be the lowest mintage ever, with the other second when the dust settles. Add to that the last/first of an era appeal and these look like a decent play. Most bags/rolls are priced crazy, but you can still find a few for $90 to $110 if you dig around.
I'm keen to see what the Jody Clark mintage figures are going to be like because I've only found 1 in circulation and it is severely battered. Seems to be plenty of IRB ones.
Quote from: 'FilthyLucre' pid='122693' dateline='1593328392'Generally speaking, with all modern mint rolls limited to 5000, this is what's supposed to happen. With other issues asking huge premiums for both bags and rolls, I note Cotton and Co rolls (which can be created on demand) don't seem to attract any where near the same premium. $2 are also the safest rolls and bags to speculate on as their face value is the highest. Folks also like war issues and shiny things.
More specifically, this issue is sold out at the first 4 dealers on Google, and the 5th has one available for $280, so yeah the ones you mentioned are actually trading relatively on par with the limited quantity available elsewhere. It's also currently tying for 2nd lowest mintage circulating $2, but only half way through the year so that could change (see below). Freeze on coinswaps likely a factor too as Mister T says above.
I've just stocked up on 2019 $2 bags both JC and IRB - these are currently listed together on RAM site with just 0.47 circulation, final numbers pending in the 19/20 report, but chances are one of these two is going to be the lowest mintage ever, with the other second when the dust settles. Add to that the last/first of an era appeal and these look like a decent play. Most bags/rolls are priced crazy, but you can still find a few for $90 to $110 if you dig around.
Tl;dr it's markets 101, supply and demand, the market can stay irrational longer than you can stay sober etc
Surely the mint it sitting on lots of sachets of these two dollar coins - I'm sure the Brisbane swap wasn't the only one that was cancelled.
I'm sure they'll be selling them for face value again sooner or later.
[quote="Mister T" pid='122714' dateline='1593515730']
Surely the mint it sitting on lots of sachets of these two dollar coins - I'm sure the Brisbane swap wasn't the only one that was cancelled.
I'm sure they'll be selling them for face value again sooner or later.
[/quote]
Yes, you would think so Mister T. Covid distancing arrangements might make it difficult, if not impossible, to hold pop-up events and there is that apparent restriction on the RAM selling them through other avenues. Perhaps they will just be released into the wild instead eventually. Who knows.
Pedro
Yeah this is the problem, the mints numbers are circulation not production. They could be sitting on a ton.
Either way, I'm comfortable picking them up at $100 when others are paying $200. Bags seemed to trade at a premium even when they were readily available from the mint shop, can't explain that one.
Quote from: 'FilthyLucre' pid='122723' dateline='1593593837'Yeah this is the problem, the mints numbers are circulation not production. They could be sitting on a ton.
Either way, I'm comfortable picking them up at $100 when others are paying $200. Bags seemed to trade at a premium even when they were readily available from the mint shop, can't explain that one.
Actually I think it is the other way. Figures are production, not circulation as shown by the figures for the 1983 and 1984 20 cent pieces.
1983 = 55.1 million minted
1984 = 27.8 million minted
Found in circulation equals bugger all. Where they went no one seems able to say but there were rumours they weren't released, just later melted down for the metal to be reused.
I would hope it's production figures - either way they should be accounting for everything they produce.
In All About the Coins of Australia the author says they are circulation figures and talks about the mythical 1992 $1 MOR w/ 8K circulation, suggesting those coins might have been produced in earlier years and borne earlier dates, but were only circulated and accounted for in 1992.
Quote from: 'FilthyLucre' pid='122733' dateline='1593834370'In All About the Coins of Australia the author says they are circulation figures and talks about the mythical 1992 $1 MOR w/ 8K circulation, suggesting those coins might have been produced in earlier years and borne earlier dates, but were only circulated and accounted for in 1992.
At least one of those 1992 MoRs turned up recently on facebook and sold for a mint so they are around somewhere.
What a find! How much did that go for? Chances of finding one in change would be miniscule.
The 2019 JC 50c bags and rolls have gone crazy, nothing under $250, and average ask seems to be over $400. What a world.
Was it on Facebook? I saw in the Coin and Banknote Magazine earlier in the year that some dealer sold it and the 1988 50c mule.