Coloured $2 Circulating Coin (CLOSED)

[enworb]

I reckon id keep a couple bags and split the remaining and check for errors or particularly nice coins.

[Fulvio]

Mmmm.. well, I just got off the phone with a mate of mine (who I'm hoping to get into the forum), and he talked me out of a bag at double face value. As we were talking, I was "rolling" them in the bags to stop them bagging any further, and I had a good look at a few. Didn't see any cuds or fills at all, so I reckon the whole sack is pristine.

Which kind of makes sense I suppose. The errors I've seen all seem to be from early in the run, judging by wear and tear. These must be from the tail end, and clearly they had it right by then.

[Fulvio]

An unexpected benefit of resealing my rejects neatly is that I can spot them across the room.



I went back to see if there was another sack of poppies this morning (sadly, there wasn't), and the teller tried to give me back my own rejects. Back in the old days, I would have wasted hours re-noodling junk.

[JeffH]

That's why I alternate the coins I noodle every week. Old ones have already been sent back.
Of course, if you live in a metropolitan area you have a choice of many bank branches around.

[Fulvio]

...you have a choice of many bank branches around.

True. But as part of my "be nice to tellers" policy, I don't want to clean them out. Swapping the same denomination makes it much easier and gets them on-side.

That said, I do also swap banks and alternate between coins and notes, particularly when in foreign territory. Then I'll take coins to bank 1, swap for notes, go back to the car and noodle them, go to bank 2 and turn them into coins. Back in the old days I even swapped between Chubb and Brinks clients, so I wouldn't eventually see my own rejects.

Now it seems a single site deals with one security company, mostly Armaguard, so that las trick is no longer relevant.

[JeffH]

Get in quick, if you want to sell some, before the market is flooded
NEW $2 2013 colour commemorative coronation purple coin UNC

Bidiots rule obviously.

[Coins from Vending]

I think the price will drop for a while then when they become super scarce IE not being sold they'll go up considerably, I'll be keeping everyone I come across regardless of its condition.

[Fulvio]

I think the price will drop for a while then when they become super scarce IE not being sold they'll go up considerably, I'll be keeping everyone I come across regardless of its condition.

I'd go along with that, though I also think the early ridiculous prices are just way over the top, driven up by "bidiots" (I love that term). Once they satisfy their urge to be firstest with the mostest, they'll lose interest and move on to the next big thing, and things will settle down for the long haul.

I'll keep all I find and think they'll be on a par with the Federation state coins.

[trout]

I think the price will drop for a while then when they become super scarce IE not being sold they'll go up considerably, I'll be keeping everyone I come across regardless of its condition.

I'd go along with that, though I also think the early ridiculous prices are just way over the top, driven up by "bidiots" (I love that term). Once they satisfy their urge to be firstest with the mostest, they'll lose interest and move on to the next big thing, and things will settle down for the long haul.

I'll keep all I find and think they'll be on a par with the Federation state coins.

I think the poppy coins and these purple coins will be worth keeping but only in UNC grades.
Once these see some circulation they will become quite ordinary.
The poppy being our first commemeritive $2 coin and the purple jobbie being our first circulation coloured coin tend to make them special and collectible but only in top grades in my opinion :ok:

[Fulvio]

Once these see some circulation they will become quite ordinary.

Absolutely. Comparing the UNC ones to the ones that I snagged out of previous sacks its amazing just how quickly they degraded.

I actually wonder if they've changed the planchets in recent years. I still see 20-30 year old coins circulating in much much better nick than current coins that have been through only one or two pockets/tills.

[trout]

Once these see some circulation they will become quite ordinary.

Absolutely. Comparing the UNC ones to the ones that I snagged out of previous sacks its amazing just how quickly they degraded.

I actually wonder if they've changed the planchets in recent years. I still see 20-30 year old coins circulating in much much better nick than current coins that have been through only one or two pockets/tills.

I wonder if they are making them softer in the annealing process to make the dies last longer ?

[MattGold]

Lol could just be making the coins softer to damage easier so people can't re sell them haha

[Fulvio]

Lol could just be making the coins softer to damage easier so people can't re sell them haha

LOL... When did Bastards, Inc. buy the mint? :angel:

Trout might be closer to the truth though.

[Mister T]

Talk to people who make the planchets now.

[JeffH]

Did someone Mention MacQuarie Airports Corporation?