Grannybait

[trout]

HeHe
I have the skin of a Rhino Mate and sometimes YES I can get a wee bit rambunctious at times :angel: :heart:

[ausjack]

Only thing I will say is that I don't like it when my friends fight :cray: 'cause to me your ALL like family :friends: :give_heart:

Each to their own and let bygones be bygones :angel:
 
Now lets dance :yahoo:
https://www.youtube.com/watch?v=Z9EbR0ckb40

[trout]

Only thing I will say is that I don't like it when my friends fight :cray: 'cause to me your ALL like family :friends: :give_heart:

Each to their own and let bygones be bygones :angel:
 
Now lets dance :yahoo:
https://www.youtube.com/watch?v=Z9EbR0ckb40

We weren't "Fighting" AJ , we were just having a discussion over an item of numismatic terminology :ok:
Nothing wrong with a bit of Passion developing during a discussion regarding numismatics , it just shows that people do take their hobby seriously :yahoo::angel:
NO harm NO foul and just between you and me Mate I recon RG loves a good stoush every now and then :diablo::laugh2:

[Fulvio]

Many of us have boxes and boxes of this overpriced stuff that is only worth melt value and always was and when we finally realised that we have been taken for a "mug" we tend NOT to refer to it in glowing terms

I feel there may be a misunderstanding at the core of this.

I don't think anyone is looking down on people for what they have in their collections. I know I'm not, because I too, like most of us, have things I really shouldn't have bought. Some of which I KNEW were bad ideas, but liked them anyway.

Nor is anyone calling people out for having coins which are dirty, overpriced or otherwise less than perfect. Heck, we even have a Roadkill thread, remember?

And proof coins are indeed shining examples of the talents of the mint's craftsmen. No argument there either.

However...

There are things which are made specifically to con people out of their hard-earned money. Overpriced rubbish which will never be worth more than scrap. Everything produced by certain mints, Franklin and Macquarie being two perfect examples. Fake coins produced by Chinese mints. A good part of otherwise legitimate mints' production, such as the Perth mint's offerings for insignificant states such as Tuvalu and the like. And some NCLT issues, such as the ABC and Play School coins, produced by the RAM, RM and other national mints.

These things are granny-bait, and they get called out pretty quickly as such. If people want to buy them anyway, well, they've been warned, and that's their problem. But if a warning dissuades even one innocent victim and saves them grief down the track, that's gotta be a good thing, surely?

As for gender-specific terms, give me a break. Political correctness gone mad. Getting upset because of perceived sleights which are not there does nobody any good.

[duggee27]

I just love this blog not only for gathering info learning and just able to show off your collection but to have a discussion on the finer points of anything and still be happy at the end of the day :D:rolleyes:

Someone mention Tuvalu ! As probably the only one of us who has actually been there, I can say it is less than insignificant :angel: but Charles and Di, Kate and
hubby visited.  " so stick that in your funk and wagnells " :shock::shock::laugh2::laugh2::P

[ausjack]

:scratch_one-s_head: Oh so are your like our royalty duggee, all hail King duggee :thank_you: :mocking:

[JeffH]

I must admit I bought a Tuvalu coin from the Perth Mint because of the design -no thought of future resale value and country name was irrelevant.
So that might have been a grandad bait issue. I have no regrets and no thought I was suckered in.

[keldaw]

i also was in other forums before I joined this one ,and have been a member of this one for a long time now , and I sign on every day just to keep up with the new messages and I read every one of them .
 number 1 , I have never known of the word granny bait until I came on here and found out what it meant , and really I was not offended until I was told my coins were only granny bait .
number 2 , I have been buying coins from the 2 mints only , Perth mint and ram only , for a long time now , and not knowing they were granny bait , I bought all the coins that I have because I liked what i saw so I bought them , not caring about the price later on . and I would still be buying what I like , except for joining this forum and finding out the real truth about these coins , so I have stopped buying any more of them since I got my last lot of the bird series and the ocean series . even up to the time I swapped one of my mules to serial for another set of the bird series , I now have 2 sets of them which I like , regardless of what they are worth now or later on .
ok , I admit that I made a mistake when I bought a lot of my coins and I will lose quite a bit of money in the end , but that was my mistake , at my cost , I can were that , but I got hurt when I was told that my coins were just granny bait , I bought them for their beauty and not for profit . end of story .

[WavyTwenty]

72 yrs old

I don't believe it - you are obviously way younger than that!

number 1 , I have never known of the word granny bait until I came on here and found out what it meant , and really I was not offended until I was told my coins were only granny bait .

I had never heard of the term until about 4 minutes ago when I first started reading this thread. I admit, I don't read every post here...

[gnome]

Kel, I think we are all on the same boat at one time or another. The market for collectors did change to attract newer customers, I always buy what I want to and like you because of the shear amount the RAM has produced on a yearly basis, had to redefine the way I collected. I have had to cut my purchasing way down. There are still some great designs coming out. However if I like it I still buy it. My choice, my collection.

[trout]

I am sorry that you got Stung with the Grannybait Kel but would you rather we lied to you about these sort of coins?
They are what they are and you are NOT alone being taken in with them Mate :ok:

[Basil]

I never heard of these coins being called granny bait until I came to this forum & I have been hanging around the real world of coin collecting well for a long time before I joined internet forums

I have to agree there,one of the regulars here or on CCF must have coined the phrase or heard it mentioned in Coin Club chatterings and others have ran with it.
The same with 'Noodling',the first time i saw it mentioned or heard about it was on the Metal Detectors/Fossicking/Prospecting type Forums/Magazines in the late 1990's but somehow its transposed itself over to Coin Collecting Forums.

[ausjack]

72 yrs old

I don't believe it - you are obviously way younger than that!


Believe it, I have personally met Kel and he's stayed here and I have gone to his place and he and Dawn are two of the loveliest people you'd ever want to meet and I'm very proud to call them my friends :friends:

[Fulvio]

I got hurt when I was told that my coins were just granny bait

I'd be hurt too. So would anyone I think. Putting someone down for what they have is not cool, and you have to wonder about their motivations I reckon.

Look, the whole granny-bait issue is about the mints, not their clients.

Many years ago, Australia Post went down the same path. Back in the early days, a stamp was a stamp was a stamp. They came in different values of course, and they were issued in different quantities, which obviously affected rarity and prices.

And then the whole commemorative thing really took off. Stamps started being issued in se-tenant strips, and OzPost woke up that collectors were buying blocks and gutter pairs and so on, and they really got on board in a big way. Mini sheets. Maxi cards, all manner of packs, year sets...

All of a sudden it was no longer enough to spend 4¢, or 25¢ or even 50, 60, 70... you had to spend twenty bucks to get every combination for each release. And that was without buying full sheets! And thus, they killed the golden goose. A lot of collectors just walked away. Sure, there were plenty of kids and grannies and noobs flowing in, but did they really make up for the disgruntled old-timers?

The RAM went the same way a few years ago. We all know that. And we know why. The government is hell-bent on flogging off everything that isn't nailed down. Don't be surprised if we eventually have for-profit police and fire brigades. We already have partially private ambulance services, and the fully private american model probably isn't far away. And its no secret the mint is being prepared for sale. Which means sexing up the balance sheet, and collectors are viewed as cash cows to be milked mercilessly.

However, where we differ from philately is that our coins are fairly easily categorised, and the rubbish is fairly easy to leave on the shelf. You can choose to only collect circulating coins, or mint sets or even proofs of circulating coins, even if the premiums are obscene. You can pick and choose NCLT that grabs your fancy, but you don't have to feel obligated to buy every piece of crap just because they released it.

And most importantly, we can all help newcomers avoid the expensive pitfalls by making them aware that they're being hunted, and ways to avoid ending up fleeced, skinned and stuffed. :angel:

Because, at the end of the day, ex-collectors don't do anybody any good, do they?

[ausjack]

We already have police cars advertising and I think it's wrong, if they're getting taxpayer's money they shouldn't be allowed as I don't think it's good and will eventually lead to more corruption or let businesses like Santos pay and don't take money from the taxpayers.