10th Anniversary of the 2012 $2 Poppy Coin

Pedro · November 29, 2022, 07:14:19 AM

I think my offer must still be coming by snail mail. :dodgy:

This coin was always going to result in a bunfight - low mintage with no circulating equivalent. The RAM and their system have messed this up royally (no pun intended).

Waiting for the next customer survey - not that I think it will lead to the RAM changing anything.

Pedro

Basilstate · November 29, 2022, 11:03:26 AM

Quote from: 'Pedro' pid='127439' dateline='1669668259'I think my offer must still be coming by snail mail. :dodgy:

This coin was always going to result in a bunfight - low mintage with no circulating equivalent. The RAM and their system have messed this up royally (no pun intended).

Waiting for the next customer survey - not that I think it will lead to the RAM changing anything.

Pedro

Yes,low mintage and the effects of the ridiculous feeding frenzy on the 2012 Poppy.

Plenty on Ebay at the moment,hard to see one under $200 so interesting to see where they level out.

There will be ramifications over this release,in NSW, Fair Trading are trying to stamp out scalping so a RAM Coin being sold by a privilged few for 10-20 times its cost will attract attention.

Mister T · December 01, 2022, 08:49:04 PM

I got no email so I guess I wasn't lucky either.

seedyrom · December 03, 2022, 12:31:47 PM

So this is weird.
Got two charge's unannounced from the mint.

Checked my emails and there was a receipt for an order I did by post, when all of this was going to hell.
I tried to be sneaky and use the mail order process to order the coins from the catalogue, as the web ordering had been placed on hold.
They did my order as two payment transactions, and it looks like I'm getting the 3 poppy coins.

I believe they have also made sure to not let me get them as per of the eballot.

Basilstate · December 03, 2022, 08:14:19 PM

Good one,i hope you get the Poppy Coins.

Pedro · December 05, 2022, 06:15:24 AM

Clever work seedy!

Pedro

gweidion · December 06, 2022, 10:32:13 PM

Things at RAM seem to grind ever so slowly. Today I got the email saying
"You now have the opportunity to purchase the 2022 $2 'C' Mintmark Coloured Uncirculated Coin."
Duly ordered my three allowed. I wanted to buy something else at the same time but that was a no no.

Didn't really want three but ordered them all in case one (or more) turns out to be poorly printed.

seedyrom · December 07, 2022, 05:17:22 AM

Quote from: 'gweidion' pid='127468' dateline='1670328133'Things at RAM seem to grind ever so slowly. Today I got the email saying
"You now have the opportunity to purchase the 2022 $2 'C' Mintmark Coloured Uncirculated Coin."
Duly ordered my three allowed. I wanted to buy something else at the same time but that was a no no.

Didn't really want three but ordered them all in case one (or more) turns out to be poorly printed.

Well that is annoying. So there WAS enough to go around for the collectors.
That's really frustrating that they caused so much angst.

I ended up buying a whole proof set, uncirculated set, and 3 x Smith family coins I didn't want.
I submitted a mail order and heard nothing of it. So on Dec 1, bought the proof, uncirc set and 3 x smith family coins ... only to get the email about them fulfilling my mail order, 3 weeks after I sent it in.
I also bought 3 x smith family coins from a secondary seller, when all of this was going to hell.

So I've made hundreds of dollars of unnecessary purchases due to the RAM's handling of this process.

To hear there is now a glut of them, is a little insulting.

Though it's odd. So much fuss about a coin with a mintage of 60,000 ... but as an example, the Smith family coin has a mintage of 20,000 but has no love. And I've got 9 of the damn things.

gweidion · December 07, 2022, 09:39:07 AM

I didn't understand the mad rush either but it is just the speculators making it hard for actual collectors to get some.

Pedro · December 08, 2022, 06:42:51 AM

Quote from: 'seedyrom' pid='127470' dateline='1670352442'Though it's odd. So much fuss about a coin with a mintage of 60,000 ... but as an example, the Smith family coin has a mintage of 20,000 but has no love. And I've got 9 of the damn things.

The Smith Family coins going for $40+ on Ebay so some margin in there although obviously not as wild as the $2. Will probably sneak upwards given a little time - otherwise you can just send them to me seedy and I'll mind them for you :angel:

Pedro

brismike · December 11, 2022, 02:49:30 AM

Quote from: 'seedyrom' pid='127470' dateline='1670352442'So on Dec 1, bought the proof, uncirc set and 3 x smith family coins ... only to get the email about them fulfilling my mail order, 3 weeks after I sent it in.
I also bought 3 x smith family coins from a secondary seller, when all of this was going to hell.

So I've made hundreds of dollars of unnecessary purchases due to the RAM's handling of this process.

Though it's odd. So much fuss about a coin with a mintage of 60,000 ... but as an example, the Smith family coin has a mintage of 20,000 but has no love. And I've got 9 of the damn things.

Seedy, if you want to offload a Smith coin I would gladly take one off your hands. I couldn't get one anywhere.

Let me know - Mike

Basilstate · December 11, 2022, 08:08:38 AM

Looks like the 2022 Poppy has levelled out at around A$250 on Ebay,still strong demand this W/end,amazing for a $15 coin.
I can't see the authorities allowing this to happen in the future,as i posted before the NSW Govt. is trying to stamp out scalping on all platforms.

gweidion · December 17, 2022, 03:18:51 PM

Yep prices seem to be coming down. The people who didn't get one in the ballot must nearly have exhausted the mad rush.

My three turned up. They don't look too bad on the printing side. Not so much on the obverse.
I've floated one on eBag because I only really wanted two and it nearly pays for the Vegemite proof set and uncirculated set and the three Poppy coins.
I'm not complaining.