What have I got here?

Started by brismike, October 14, 2018, 04:18:18 PM

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Hercules

Channel 9 thinks these coins are rare. How is 1 million of each rare? :dontknow:

seedyrom

Hate to have bought one at the crazy prices on ebay
There\'s no such thing as too much Borobi!

autocoupler

I think these coins will be very collectible down the track. While noodling for them over the past few weeks I would have looked at easily 1500 coins, and only saw two 2000 $1 coins. These had a mintage of about 7,000,000, so if the 1,000,000 mintage for each of the 2019 35 year celebration dollars is accurate, our grandies will benefit IMO.
As we age we lose three things, one is our memory and arrrrr I've forgotten the other two!

Hercules

Channel 9 said a complete set was worth $750, which surprised me because you don't see 2014 MoR coins or 2015 ANZAC dollars selling for hundreds of dollars, even though they had similar mintages. $750/3=$250, so what gives?

autocoupler

Sounds way over the top herc that's for sure, but that's typical media, sensationalise and invent is how we know they operate. I think some of the silly money paid for these coins early on was around $100 each, a long way short of $750.
As we age we lose three things, one is our memory and arrrrr I've forgotten the other two!

Hercules

I'm going to noodle as many sets as I can, because if people are willing to pay $750 for a complete set, I could make a small fortune out of them. Just think: 10 complete sets are worth $7,500. I would have no trouble finding 10 complete sets if they are as common as the 2014 MoR coin.

JeffH

2014 MOR is not hard to find noodling. These privy mark ones will be initially because of all the people trying to get a set to enter the competition.
After the competition they will be easy to find as they get put back into circulation from the ex-contestants. But, of course, by then the eBay prices will have plummeted!

Sound like a lose lose proposition to me. I will do my usual and keep any high grade ones I noodle until I have a good number and then just upgrade my bag of them if I noodle any better ones.
Thinking is dangerous, it makes you think. That\'s why many people avoid it.

Mister T

Quote from: 'Hercules' pid='117268' dateline='1541073142'Channel 9 said a complete set was worth $750, which surprised me because you don't see 2014 MoR coins or 2015 ANZAC dollars selling for hundreds of dollars, even though they had similar mintages. $750/3=$250, so what gives?

Maybe when they first came to light and no one knew what was going on a set may have sold for $750, but they look to be in the $35 to $40 range on ebay right now.

Hercules

Quote from: 'Mister T' pid='117292' dateline='1541150292'
Quote from: 'Hercules' pid='117268' dateline='1541073142'Channel 9 said a complete set was worth $750, which surprised me because you don't see 2014 MoR coins or 2015 ANZAC dollars selling for hundreds of dollars, even though they had similar mintages. $750/3=$250, so what gives?

Maybe when they first came to light and no one knew what was going on a set may have sold for $750, but they look to be in the $35 to $40 range on ebay right now.

That sounds much more reasonable. You'd have to be pretty thick to think that each coin is worth $250 when there are a million of each.

Mister T

Yeah I was chatting so someone on the line on Thursday and I think they said the first sack that was discovered sold on Facebook for a hefty amount but before too long other people started finding more.

JeffH

I wonder what the RAM has done to ensure they are well distributed across the country.
In a regional area like this, serviced by Armaguard, it is quite usual for new, standard issues not to turn up until two years later. (Same with the new banknotes -my local bank doesn't even know about them a month after issue and usually finds one from deposits long before any come in note purchases.)
Thinking is dangerous, it makes you think. That\'s why many people avoid it.

Unicorn

I know the feeling Jeff!

I thought I'd have a squizz and out of $1k I got one 2018 coin (no lookin for a 2019). The 2018 was an Anzac which I didn't have so I was happy. Got lots of 2017s, so 2 years fits my place too! (Did get a 2001 rotated @ around 5 o'clock though!)  :sun_bespectacled:

JeffH

Oh my God...that one has been waiting for you for, 17 years!
Thinking is dangerous, it makes you think. That\'s why many people avoid it.

Pedro