a question Over the last few years I have bought and sold quite a few of these 50c coins. The premium has gone down quite a lot recently. I don’t really mind that but I am interested to know why? I have noticed a similar trend with some Perth mint lunar 2 coins. Your thoughts on the matter would (perhaps) calm my perplexed mind.
Greater number of suppliers vs. less demand perhaps? First lot i bought cost me 8.50 each at melt value of 7 Each lot since has been successively cheaper and sometimes under melt value. If you look on gumtree and ebay they still go for between 12-15 a coin. Never understood the association of any predecimal or 1966 silver with a premium as they were minted in bunches and freely available. Why anyone would pay a premium on them beats me. I only did so out of ignorance or when i know ill turn a profit regardless of the premium.
Melt value at current spot price is circa AUD10.00 a coin and there's a shop in lovely Parramatta selling for AUD8.00 a coin (as per their web site). Might be calling them tomorrow to see if that's still the correct price. https://sydneycoins.com.au/index.php?route=product/search&filter_name=50 cent&page=9
Melt should be 8.18 at spot of 23.94 Dont they have 80% silver at 13.28g total weight (ASW 10.63g/0.34oz)?
Was going off the Kitco silver gram price of AUD0.77, thus the AUD10.00 odd mark. Doh, didn't see the "sold out" bit.
Yes, exactly ASW 0.3416 oz. Gives me a value of $8.17 at current spot which is pushing up towards AUD$24