Rolled Coin Set 2017

kchan1111 · June 04, 2017, 06:26:41 PM

RAM is selling 2017 rolls directly now...

https://eshop.ramint.gov.au/Rolled-Coin-Set/710128.aspx

They are the subject of many hopeful enquiries and the source of much nostalgia for coin collectors. In 2017, the Royal Australian Mint gives you the rare opportunity to purchase sets of circulating coins in rolls.

For a number of years, Royal Australian Mint branded rolled coins have only been available to coin dealers and have been highly coveted by collectors and investors alike. In this set, you will receive six rolls (one roll of each denomination) forming an instant collection of 2017-dated coins.

20 one dollar coins ($20 roll)
25 two dollar coins ($50 roll)
20 fifty cent coins ($10 roll)
20 twenty cent coins ($4 roll)
40 ten cent coins ($4 roll)
40 five cent coins ($2 roll)

Unicorn · June 04, 2017, 06:38:32 PM

Bless their cotton socks!!!

runway · June 04, 2017, 07:10:03 PM

Quote from: 'Unicorn' pid='109118' dateline='1496567312'Bless their cotton socks!!!

Ha ha love the sarcasm :yahoo:

seedyrom · June 04, 2017, 07:19:32 PM

Geez, not shy about putting a markup on

The Canadian mint does it better

kchan1111 · June 04, 2017, 07:25:39 PM

Quote from: 'seedyrom' pid='109121' dateline='1496569772'Geez, not shy about putting a markup on

Yeah I thought so too at first. But taking a look at dealer websites, the mark-ups are similar.

seedyrom · June 04, 2017, 07:47:53 PM

Down the bottom where it says:
** Heads and tails are not guaranteed.

Does that mean you could potentially have a roll with a tail side at either end, and not know by looking at the roll that it is a 2017 edition roll?

kchan1111 · June 04, 2017, 08:17:26 PM

Quote from: 'seedyrom' pid='109124' dateline='1496571473'Down the bottom where it says:
** Heads and tails are not guaranteed.

Does that mean you could potentially have a roll with a tail side at either end, and not know by looking at the roll that it is a 2017 edition roll?

Oh seedy, if you can't trust the government, who can you trust? :ok:

seedyrom · June 04, 2017, 08:21:15 PM

LOL

Nah, would hate to get this, and a 2018 set, but get them mixed up.
For the price uplift above face value, they could try a little harder.

trout · June 04, 2017, 08:29:53 PM

Good Grief :dash1:
We have been asking RAM to make these rolls available for quite some time now so that we didn't have to pay the ridicules Premium the dealers charged and here they are charging the same bloody price. :dodgy:

The Canadian and the US mints provide this service to collectors at a "Reasonable" cost But our RAM comes up with this BS, Which is just another kick in the Guts to Australian collectors.
RAM has been providing their "Pet" dealers with rolls at nothing like this cost for some time now and the pricing by RAM for these 2017 rolls will only cement the dealers Stranglehold on these rolls, Personally I think this is disgusting.

coinsydney · June 04, 2017, 08:53:44 PM

the markup is crazy! About 300%

robbiegal · June 04, 2017, 09:08:40 PM

Quote from: 'trout' pid='109130' dateline='1496573993'Good Grief :dash1:
We have been asking RAM to make these rolls available for quite some time now so that we didn't have to pay the ridicules Premium the dealers charged and here they are charging the same bloody price. :dodgy:

The Canadian and the US mints provide this service to collectors at a "Reasonable" cost But our RAM comes up with this BS, Which is just another kick in the Guts to Australian collectors.
RAM has been providing their "Pet" dealers with rolls at nothing like this cost for some time now and the pricing by RAM for these 2017 rolls will only cement the dealers Stranglehold on these rolls, Personally I think this is disgusting.

can't argue with that mate

jimmy1979 · June 04, 2017, 09:42:16 PM

Unbelievable. The RAM will continue with these shabby tactics until collectors start leaving the market. They will then reduce their prices hoping to lure them back in. Shame on you RAM!!!!! $90 face value being sold for $220, plus your $10 postage. How can this be justified??

runway · June 04, 2017, 09:50:44 PM

Quote from: 'jimmy1979' pid='109140' dateline='1496578336'Unbelievable. The RAM will continue with these shabby tactics until collectors start leaving the market. They will then reduce their prices hoping to lure them back in. Shame on you RAM!!!!! $90 face value being sold for $220, plus your $10 postage. How can this be justified??

Dealer postage will cost more than $10 postage I assure you ... they weigh a lot and Australia Post parcel is expensive

Triggersmob · June 04, 2017, 10:28:42 PM

Quote from: 'jimmy1979' pid='109140' dateline='1496578336'Shame on you RAM!!!!! $90 face value being sold for $220, plus your $10 postage. How can this be justified??

At 2.44 times face value, that's a good deal compared to buying one set
of coins in a uncirculated set at 6.5 times face value.

kchan1111 · June 04, 2017, 10:53:04 PM

Quote from: 'Triggersmob' pid='109143' dateline='1496581122'
Quote from: 'jimmy1979' pid='109140' dateline='1496578336'Shame on you RAM!!!!! $90 face value being sold for $220, plus your $10 postage. How can this be justified??

At 2.44 times face value, that's a good deal compared to buying one set
of coins in a uncirculated set at 6.5 times face value.

That's right. I have seen a set of 2016 changeover rolls going for more than that. The $2 rolls are going for 2x face. The 2014 AIATSIS 50c rolls are gong for 4.5x face. So it seems reasonable.