To all the coin collectors out there this one is a bargain. At a saving of $50 cheaper than anywhere else it's unbeatable in value.
Pride and Passion National Reconciliation Week 50¢ Proof Coin and Circulation Coin $30 @ Peters of Kensington
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LPedg13 on 27/07/2017 - 23:29 petersofkensington.com.au (577 clicks)
Last edited 27/07/2017 - 23:33 by 1 other user
Last edited 27/07/2017 - 23:33 by 1 other user
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A 50 cent coin for $30 ?
How is that a bargain ?
How is 15-20k for a very well worn 1930 penny good value. Unless ur a coin collector u won't understand. It's a great price for what other coin shops are selling it for.
How is 15-20k for a very well worn 1930 penny good value
They don't make pennies anymore…
This is a current 50 cent coin.
You get two 50 cent coins. One made of silver.
You get two 50 cent coins.
Oh, so they're worth $1. I guess that makes it a bargain then.
In terms of silver content, is this good value?
0.64 oz per RAMint website. Not bad. And RRP is $80
So at today's spot price, that's about $13.50 worth of silver, according to https://www.abcbullion.com.au/products-pricing/silver
That's assuming you mean 0.64 troy ounces, not ordinary ounces.
They also show that in the past, silver has been worth more. It was worth $44.30/troy ounce on 29/4/2011, so this coin will contain about $28.30 worth of silver if the price gets that high again.
There is also potential numismatic value in the coin. You can't just value at a collector coin by spot price only.
@abc:
It's pretty ugly as far as special edition coins go.
I don't know anything about coin collecting but I assume it would need desirability and/or rarity to have numismatic value. Is a run like this ever likely to be considered rare?
In terms of silver content, is this good value?
No. It contains about $13.50 worth of silver based on today's spot-price, if Robert's figure of "0.64 oz" below is correct. Less than half the purchase price. Buying mint coins at the time of issue is a highly speculative game, and IMHO it's not worth trying it out as a money-making endeavor for various additional reasons, including the hassles associated with selling. About the only GOOD thing about them is they take up very little space. That said, ones like this that come with somewhat 'ornate' housing need to be stored carefully, because to the devoted collectors (who are the buyers who are likely to pay you the most in the unlikely event that the value of your coin increases substantially within a few years), the 'housing/packaging' (little box it comes in etc.) must be in top condition also, or the price they will pay goes way down.
I really do wish I had 'invested' in a handful of those 'redback spider' coins that came out a few years ago though… those things must have broken some numismatic records re appreciation over a short time… I NEARLY bought five of them on a hunch when they came out (they looked sooo cool!), but decided against it. SILLY ME.
learn something new everyday….coin collecting not my cup of tea but that redback coin does look sweet
They're just different markets.
You don't buy this for silver value, any more than you'd buy a mobile phone for silver/precious metal value.
This is for the collectible market, and they make it partly with silver to increase its value. But the silver is just an element, not the reason for purchase. The same as it's also legal tender for 50c, but again you don't buy it to use at the shop when paying for something.
$5.50 postage to WA
Next time a homeless says 'gotta dollar' hand two of these over otherwise use it to get a cone at maccas
Put the price in the title please