"Dollar mule" / Australian Coin Collecting Blog on news.com.au

[autocoupler]

Just one thing to add; If it's not a ROO, don't bother looking further  

[Nevol]

Let's play a game of Whack-a-Mule.

Hey Mark, I reckon this should be in the Public Section as well, it's a wonderful idea on how to educate people on spotting real 'Mules".

[Pedro]

Great job Mark :ok:

Pedro

[Hercules]

Just one thing to add; If it's not a ROO, don't bother looking further  

Good point. It's only a matter of time until we'll see the Last Anzacs mule, the HMAS Sydney II mule, the Victoria Cross Centenary mule and the Olymphilex mule. :good:
PS: The rest of the game is excellent.

[Unicorn]

11/10 Mark, an excellent blog. Let's hope lots of people get to read it before they get sucked in.

I wonder if the banks had a high demand on dollar coins since the recent media releases? I'm guessing yes.

I'm sure all the "treasure hunters" will quickly give up looking, but the serious collectors will persist. Wasn't Goldie's score 39 from 2.4m or something? (I know it's posted somewhere). So for $60k of coins you might have a chance (back when he did it), now, the odds would likely be a lot slimmer, but they are out there.

[markn]

Let's play a game of Whack-a-Mule.

Hey Mark, I reckon this should be in the Public Section as well, it's a wonderful idea on how to educate people on spotting real 'Mules".

OK sure, done.

https://www.australian-coins.net/showthread.php?tid=4961

[ausjack]

Surely someone is playing games here - those bids can't be real can they??

Pedro

Highly unlikely.  It's probably members of FB groups playing silly buggers bidding up a shonky listing with no intention of paying.

No I can't see FB members doing anything like that as they're all so reputable :dodgy:

Let's play a game of Whack-a-Mule.

:laugh2: what a ripper Mark, well done mate

[Nevol]

Great stuff Mark.  Very well thought out article. :yahoo:

Maybe someone will put the link up on FB as well.

[ausjack]

11/10 Mark, an excellent blog. Let's hope lots of people get to read it before they get sucked in.

I wonder if the banks had a high demand on dollar coins since the recent media releases? I'm guessing yes.

I'm sure all the "treasure hunters" will quickly give up looking, but the serious collectors will persist. Wasn't Goldie's score 39 from 2.4m or something? (I know it's posted somewhere). So for $60k of coins you might have a chance (back when he did it), now, the odds would likely be a lot slimmer, but they are out there.

I have looked and looked and looked over many years and still no closer to finding one :cray: But I live in hope :winkextra:

Great stuff Mark.  Very well thought out article. :yahoo:

Maybe someone will put the link up on FB as well.

Don't hold ya breath Nevol

[JeffH]

I sold one not long ago and it fetched $524. Reasonable circulated condition for a 17 year old coin.
Still and all I was happy as it only cost me $1 from noodling.

[Hercules]

I sold one not long ago and it fetched $524. Reasonable circulated condition for a 17 year old coin.
Still and all I was happy as it only cost me $1 from noodling.

I can't believe that people actually sell these coins. I intend to keep mine until they can fund my retirement. :winkextra:

[trout]

Personally I think that the 2000 Mules are overhyped and their relative rarity in NO way deserves the prices being achieved at the moment.
These are Not Incredibly Rare as there are thousands of them and it is only the hype that is keeping these at such inflated prices.

[Fulvio]

These are Not Incredibly Rare as there are thousands of them

Say you have 2,000 examples of coin "X".

Say you have 2,001 serious collectors who all want one.

Clearly, someone is going to miss out. So he'll bid more than he would if there were 2,002 available.

Welcome to Supply and Demand.

1930 pennies weren't rare either, nor were they overly expensive. Until the media latched onto the story and suddenly everyone wanted one.

[trout]

For a thousand dollars I can get a very VERY nice Canberra Florin that there are only very small numbers of coins in that grade (Not thousands of them) or maybe a really nice Proof like Canberra.
I suppose it is horses for courses But I personally am not prepared to pay over a grand for a VF-EF example of a RAM "Stuff Up" But I am always willing to pay good money for a beautiful example of a coin that I like in a Truly Rare high grade.

I suppose it depends on what your collecting goals are I suppose, Each to their own.

[frenc11]

For a thousand dollars I can get a very VERY nice Canberra Florin that there are only very small numbers of coins in that grade (Not thousands of them) or maybe a really nice Proof like Canberra.
I suppose it is horses for courses But I personally am not prepared to pay over a grand for a VF-EF example of a RAM "Stuff Up" But I am always willing to pay good money for a beautiful example of a coin that I like in a Truly Rare high grade.

I suppose it depends on what your collecting goals are I suppose, Each to their own.

i totally agree with you