Coloured $2 Circulating Coin (CLOSED)

[Fordprefect]

Coronations are still plentiful direct from banks, in my woods.
However once they hit the retail tills they disappear.

Spoke to a couple of local shopkeepers this morning.
One has collected 4!
The other has collected 5!
40 days since they were released!

I retrieved 103 out of 20 Aramaguard bags this morning.


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50/50 is mighty fine shooting Mr Unicorn, sir!

No need to apologise Robbie, member has modified previous postings.

[Fulvio]

HaHa NOW that would be great :yahoo:

PM me your details bro.

[Unicorn]

And btw I do not have 3 and 1/2 thousand Coronation coins!

Sulla, you did post that you have 3214 of them, so I expect comments like 3 1/2 thousand are not too far off.

Robbiegal, Fordprefect is correct in the statement that previous postings by Sulla have been modified 'after the fact' and the figure of 3214 removed, which of course makes other people's comments look odd.

I know that it was 3214 because previously when Sulla posted 2583 I made a comment that the pile was getting BIGGA (Bigga's postcode is 2583 .... near my old neck of the woods). Anyhow when 3214 was posted I thought I'd continue the postcode comment, so I looked up 3214 as a postcode (Geelong etc).

Anyhow as FP commented, Sulla changed her post to remove the 3214, so to me if any comment indicated a number between 3 and 3.5 thousand I see no need to make an apology.
PS: I couldn't think of a 'sick unicorn' comment relating to Geelong.

[trout]

HaHa NOW that would be great :yahoo:

PM me your details bro.

If you are talking about the 2013 Canberra 20 cent I have a whole roll of those babies :dance2:

[Fulvio]

...so to me if any comment indicated a number between 3 and 3.5 thousand I see no need to make an apology.

At any rate, that's a heck of a lot. This sack so far is running about 2.5 average per bag, with several being single coins. So that's 30+ sacks to get that quantity.

[Unicorn]

Fulvio .... is your noodling room starting to look like this?

[trout]

Fulvio .... is your noodling room starting to look like this?

I recon you snuck into Fulvio's shed and took that pic Uni :laugh2:

[enworb]

3.5 or 2.5 thousand coins, much the same really, a heck of a lot. I have no idea why anyone would want that many. I cant see them ever appreciating in value. Reckon they will end up just like other commemoratives, heavily horded and continually turning up in UNC condition. Each to their own I suppose but I know that id rather spend $5000 on something a lot more exciting.

[trout]

3.5 or 2.5 thousand coins, much the same really, a heck of a lot. I have no idea why anyone would want that many. I cant see them ever appreciating in value. Reckon they will end up just like other commemoratives, heavily horded and continually turning up in UNC condition. Each to their own I suppose but I know that id rather spend $5000 on something a lot more exciting.

The smart move with all them coins would be to flog off half of them a $4-$5 and keep the rest gratis.
As said before 99% these will spend decades in Nannas knickers draw and there will be a plethora of unc-aunc coins at the end of the day.
I know if I had 5-7 grand spare I would convert that into Gold sov's in a heartbeat instead of having thousands of the same coin that may or may not turn out to be a winner:ok:

[robbiegal]

bit like my 1964 pennies
I have hundreds of the things
and used to have way well over the thousand
now they just quietly sit under the ton!! ha ha

I can understand getting infatuated with a certain year/issues

the value - well, that is in the eye of the beholder

I love the look of a beautiful sovie

but i'd rather an album of colourful rainbow coins any day

[trout]

bit like my 1964 pennies
I have hundreds of the things
and used to have way well over the thousand
now they just quietly sit under the ton!! ha ha

I can understand getting infatuated with a certain year/issues

the value - well, that is in the eye of the beholder

I love the look of a beautiful sovie

but i'd rather an album of colourful rainbow coins any day

There  is nothing wrong with collecting your favourite coin, I tend to get Canberra florins on occasion :angel:
But I don't neglect the other parts of my collections, Or let my fascination with a particular coin stop me from starting new projects and expanding my knowlage :good:

[accumulator]

I'm with you Robbie LOL
My whole issue is the distribution of this coin,very poor IMO.
2,000,000 coins, 8 main states , 250,000 per state would have been a better & fairer way so that everyone has an equal opportunity of getting these coins.
If it were'nt for a very generous member of this forum who offered me a few ( Thanks Mate ) ,i would'nt have a hope in hell of getting any of them.

BTW,while at the Ekka mint shop the other day i was talking to a bloke that just bought 6 of the carded variety $12.95 a piece FFS & they looked to me to be regular circulation struck coin ( they certainly did'nt look specimen quality to me ),is that the case ? & if so what a con job that is.

[robbiegal]

true

I do collect other (junk) stuff

some people though, really do only the collect the one type esp. the high end collectors

I did start off with the 1927 florin (parl house) and the 1937 crown years ago and had quite a few pages of them

then I discovered the humble penny, spent too much $$ putting years sets together and settled then for mainly putting my collection together from sorting through bulk lot purchases, so my collecting style is more about 'finding' a good coin rather than direct purchase  & I have a few nice ones from this

no different I suppose to decimal collecting getting bags from the banks and sorting through them for little treasures

I'm with you Robbie LOL
My whole issue is the distribution of this coin,very poor IMO.
2,000,000 coins, 8 main states , 250,000 per state would have been a better & fairer way so that everyone has an equal opportunity of getting these coins.
If it were'nt for a very generous member of this forum who offered me a few ( Thanks Mate ) ,i would'nt have a hope in hell of getting any of them.

true accums
I live here in the ACT and the only one in change was from the MINT and deliberately out there on the day!!

I get very suss of these coin packaging companies and I think there is a bit of back scratching that goes on

[trout]

I'm with you Robbie LOL
My whole issue is the distribution of this coin,very poor IMO.
2,000,000 coins, 8 main states , 250,000 per state would have been a better & fairer way so that everyone has an equal opportunity of getting these coins.
If it were'nt for a very generous member of this forum who offered me a few ( Thanks Mate ) ,i would'nt have a hope in hell of getting any of them.

I have lost count of the amount of times people have helped each other out on this site in a totally unselfish way :good:
Kudos to each and everyone that has done this :friends:

[Fulvio]

Fulvio .... is your noodling room starting to look like this?

Damn! How did you sneak a camera in there? I better have a chat with the security guards, pronto. :dodgy:

Here's my take on this hoarding (since that's what it really is), FWIW:

We collect objects the value of which is determined by population, age and condition. All change over time, with numbers decreasing and condition worsening as they get older.

The only opportunity to acquire the best condition is at time of release. And the only way to obtain them at face value is in security bags or rolls.

They will always be worth face value, no matter what else happens. There may or may not be a premium, based on total population, distribution, hoarding, etc. But this potential premium is a bonus, IMO. Unlike buying a coin for a hundred times face value, then seeing its value halve, there is always a 100% guarantee of your money back.

I collect errors. Condition may not matter as much as with normal coins, but its still a factor. Finding UNC errors is a major part of the attraction of noodling new coins. Some errors are obliterated by wear, making them hard to find in well-circulated coinage.

Now, take a look at the sack of poppies I got a while back. For a $2,000 outlay, I got a thousand coins. Of which I sold three bags at double face value, for $300. So I now have 925 coins for $1700. The cost of that money is around $70/yr in lost interest. So the break-even point is over four years away. Since the bags are still sealed, they haven't been noodled for petal cuds or other errors, but it is reasonable to assume there are some in there. If the coins are worth $4 each, and say 5% are errors worth $6 each, there is just shy of a $3500 value remaining.

I'd like to see someone come up with equally-impressive numbers for sovereigns. Not that sovs aren't nice, but you cannot get them for face value anymore, can you? Which makes it a completely different kettle of fish, I reckon.