The queen is dead ... effigy opportunitines??

[WavyTwenty]

From the ABC website: Australian money is set to depict King Charles III from next year. What does this mean for coin collectors?


[align=left]"The rarer coins — the pure silver and gold coins, and the commemoratives ... on envelopes — they are the ones that will increase in [value] over the next five to 10 years — not immediately," he said.[/align]


Does anyone think that any coins will become more valuable because they have Queen Elizabeth II on them?

I would have thought that scarcity and demand would have already set the price of all of the coin that she is on.  Could there be additional demand for some of her coins now that she has passed away?

[gweidion]

I always attribute value to rarity and demand. Things mass produced for an event rarely get worth more unless speculators get heavily involved.

[jens coins]

I think he is promoting his own shop for more customers.
"David Wright owns an antiques and collectibles shop in Ballarat"

[JeffH]

King Charles III not guaranteed to be on $5 note: assistant treasurer

[Sapyx]

From the ABC website: Australian money is set to depict King Charles III from next year. What does this mean for coin collectors?


[align=left]"The rarer coins — the pure silver and gold coins, and the commemoratives ... on envelopes — they are the ones that will increase in [value] over the next five to 10 years — not immediately," he said.[/align]


Does anyone think that any coins will become more valuable because they have Queen Elizabeth II on them?

I would have thought that scarcity and demand would have already set the price of all of the coin that she is on.  Could there be additional demand for some of her coins now that she has passed away?

Coins won't become valuable just because they have her portrait. Indeed, general circulation coins of 2022 are likely to be among the commonest coins in recent years, because they're likely to continue issuing those coins until quite far into 2023 when the new portrait is ready.

Coins will become valuable if nobody collected them back when they were issued, but suddenly everybody wants one. The royal anniversary NCLT are a potential option. I personally think the 70th anniversary of accession coins issued earlier this year are likely to spike, and to remain higher than they otherwise would have gone. The 70th is, after all, the only one for which only Accession, and not Coronation, commemoratives are available, because she didn't make it to 2023 and the 70th anniversary of her coronation.

I'm still not entirely sure, in terms of value, that  it'll do anything more than spike up then go back down again once the euphoria fades. Prices for Princess Diana coins didn't exactly skyrocket after her death, and she was at least as popular as the queen at the time.

[Sapyx]

I do find it kind of amusing that everyone in the mainstream media is focussed on the money, and how and when it will change.

I can only assume it's because that the coins are one of the few daily, persistent reminders in modern Australian society that the queen actually existed.

I would point out one error on the ABC story they recently posted. They say the 1965 Currency Act requires the monarch's portrait to be shown on the obverse. It does not. The 1965 Act says that coin designs are to be determined by the Treasurer. The Treasurer can, if he or she chooses, dispense with the royal portrait altogether, and no laws would be broken. The only reason they haven't ever done so yet is because of the hue and cry about "republicanism by stealth" that such a move would generate from the monarchists.

I believe there are "standing orders" that Treasury has given the Mint, with regard to coinage design (which includes things like "no living people" and "no anniversary-of-death commemoratives"), which includes "the queen is on the obverse". But like any other standing orders, they can be changed at a whim; they aren't binding, or carry the force of law. Only the force of tradition. They overturned the "no living people" rule when they made the Bradman commemoratives, for example.

[autocoupler]

I see one major ebay seller, same last name as above, who was selling the 2022 Mint Set at around $30 just a few days ago, has increased to $70.

[JeffH]

I just saw this comment and response in the SMH/The Age news blog. It amused me.

[autocoupler]

he he he, old mate may only fit on the fifty cent

[brismike]

I would think, but I could be wrong, that the RAM has already manufactured the 2023 Proof and Uncirculated sets. You would think that they would have QE II's portrait on them.

It isn't just the coins either, it is all the packaging etc. So will they issue them as is, or will they scrap them and re-do them with KC III's portrait?

My bet is they will issue them as is with QE II on them and they will get snapped up like hot cakes.

Mike

[Mister T]

I agree - when do the mint sets come out - November or December? But yes no doubt they'll sell them, otherwise they won't have any 2023 sets to sell for a while.

[brismike]

I agree - when do the mint sets come out - November or December? But yes no doubt they'll sell them, otherwise they won't have any 2023 sets to sell for a while.

Usually mid November is when they are mentioned and released shortly after. Then they mention the Baby Sets in mid January for a February release.

Mike

[Fishing]

The latest sovereign info from the mint can be found at :-

https://www.ramint.gov.au/news-media/news/2022-change-effigy-faqs

[Mister T]

Yes I got that emailed to me during the week - no circulating coins with the Queen post 2022. So I guess that lets them sell the 2023 sets, and I suppose 2022 will end up being a high mintage "year".

[redlock]

The Brits (well, The Royal Mint) show you how fast a new effigy can be put on coins


https://www.royalmint.com/