1936 coins

[interest]

What is it about coins minted in 1936
the 3d, the 6d the 1/-, even the 2/-
they all seem to be easier to get in a higher grade at a lower price than most of the other years.
It's not quantities struck as there has been higher numbers struck for other years.
Any thoughts?

[serial]

it could have been the improvement in the economy saw more people able to start saving coins where as before the household was unable to afford to put aside a florin/shilling/etc a week.
remember how much purchasing power a florin had in 1930
the average wage of a male factory worker in 1940 was under 5 pounds a week
which is funny if you consider that that is 5 sovs worth appro $355 each in gold value so the average wage works out to be $1775 a week in gold value.
now tell me gold isn't a good long term inflation beating  investment

[trout]

My theory is that because these were the last coins with King George V on them they were held as a Memento and hoarded as such, the King died 20th January 1936.
 Pretty much the same reason why there are many Canberra florins in Ef or better in large numbers.

 Good old nannas undies draw coins, I imagine the same will be to case  for the last 2 Coloured Circulating $2 coins as well  :ok:

[Nightparrot]

Yes, I agree with trout, I believe they were disproportionately souvenired. I'm guessing you don't tend to see that same thing between George VI and QE II because the mintages were high in 1952 and the reverse design did not change.

[interest]

There was three Kings that year.
Not a bad poker hand either.

[nealeffendi]

it could have been the improvement in the economy saw more people able to start saving coins where as before the household was unable to afford to put aside a florin/shilling/etc a week.
remember how much purchasing power a florin had in 1930

the average wage of a male factory worker in 1940 was under 5 pounds a week
which is funny if you consider that that is 5 sovs worth appro $355 each in gold value so the average wage works out to be $1775 a week in gold value.
now tell me gold isn't a good long term inflation beating  investment

The sovereign ceased to be used in about August 1914 in Britain by government decree as the government was expecting war to break out(we of course followed England's lead as both a loyal member of the Empire and because we would have been cleaned out very quickly by those wanting gold per Greshams Law). By 1935 a sovereign was worth closer to 2 pounds so that wage was more like $1,000.
I wouldn't class it as an investment as it doesn't earn interest, rent or other income but for uncertain times it is the ultimate wealth preserver (full return of capital but no return on capital).
By chance I purchased a BUnc 1936 threepence last week. Has the same obverse die as the MS66 imaged in the population report and except for a reverse scrape and minor rim ding it is as good as the MS66 coin, was there a mint roll of these and mine was a nice one from that roll but the 66 the pick of the roll? Could have been struck yesterday by how much it gleams. Was only $95 and I'm sure if it was any other  Geo V year it would have cost a weeks wage (or a months wage for the harder years)

[serial]

well said neal, wealth preserver is a better term.
$95 is about a weeks wage for me atm

[Robster]

1936 was also the 100 year Centenary of the founding of South Australia. Could be that coins were stashed by early collectors.?:idea:

[nealeffendi]

1936 was also the 100 year Centenary of the founding of South Australia. Could be that coins were stashed by early collectors.?:idea:

Don't think so:s
By that logic the 1938 coins would have been saved in far higher numbers for the sesquicentenary of NSW or the 1929 coins for WA centenary.
Trouts reason makes the most sense as a memento of Geo V. The only other cheap older threepence is 1910 and again a possible memento of Ed VII.

[Enlilninlil]

Maybe both are right, not saving the low 1930's coin because of its high value, and hoarding of 1936 because of Georgie porgies death. Could it also be that the 1936 were minted into 1937 because of the need for coins and the other guys abdication for his love.

[trout]

If you look at the mintage figures for the 1936 coins you will notice that they are comparatively high against the other years with the exception of the 1/2d and the 6d.
This is despite the king falling off the perch at the beginning of the year.
This could also be a contributing factor as to why there are so many coins still found in rather good condition :ok:

[trout]

Here is a 1936 penny in rather good nick from the US

[ausjack]

MS64 might go 65 and colour is hard as well RB but could be BN because of the obverse bloody nice coin cobba :good:

[Basil]

Great Coin....

Happy Xmas AJ,have a good one....

[ausjack]

Thanks Basil you too mate