Donation coin

Discussion in 'Numismatics' started by Jason1, Sep 17, 2020.

  1. Jason1

    Jason1 Well-Known Member

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    its funny watching the donation coin being bought in mass by ebay sellers to hoard and sold for big money on ebay lol

    Doubt there will be much donating going on with these coins allot arent making it into circulation ahaha.
    A coin designed to donate becoming a coin used for quick profits on ebay lol.
    The world is a funny place lol

    Ps im not complaining about it, just think its ironic and some what amusing

    so for the point of conversation do you think its a marketing fail or an implimentation fail?
     
    Last edited: Sep 17, 2020
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  2. Gazza79

    Gazza79 Well-Known Member Silver Stacker

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    I wonder what the final mintage would be for these..
     
  3. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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  4. Jason1

    Jason1 Well-Known Member

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    Cant see them holding thier collector value though, going by the tv ad, one coin will be minted per one australian. So its not that limited.
    So these ebay sellers will only have a small window before its flooded
     
  5. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Well... any dollar is a donation dollar if you want it to be

    25 million minted over the next few years, about 3 million minted this year.

    3 million is a low number for dollar coins.

    It is the first coloured circulating $1 coin, the first coloured circulating $2 coin is worth $20-25 raw or over $100 slabbed.

    Looks like it will be a series over the next few years, so each one will be low mintage and collectible and collectors will want the whole set (If they all have different dates on them) They might even make them different coloured in subsequent years.

    They are selling for $4 each if you buy a full bag of 20, and about $10 if you get them individually.

    They spent $400k on advertising these, and if they all get put aside by collectors, then they just made about just under $25 million in seigniorage.

    I have no idea why they did not sell these directly from their website for $15 and give the money to charity. It was a no-brainer that these would be collectible. We also know from previous releases that cashieres and bank workers would not give these out in change but would immediately put them up on ebay.

    I bought two sealed bags from Tasmania, I will be opening them up and offering them at cost to our coin club members who have not had a chance to get any in change.
     
  6. Jason1

    Jason1 Well-Known Member

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    So thats a long answer to my qestion virtually your saying implementation was the problem.

    And agree if they wanted to bypass humans instinct to make a buck when ever they can they should have sold the coin and donated the proceeds.
     
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  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  8. Yankee101

    Yankee101 Member

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    You are joking or kidding, right?

    3 million a low number?

    There are heaps of one dollar coins in Australia that have mintages of less than 20,000 and numerous ones that are much lower than that. And they don't sell for more than $10 each either.

    Even the NCLT dollar coins with low minatges have cheap prices.
     
  9. Tin Can

    Tin Can Member

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    3 million is "lowish".
    There are several circulation $1 coins that have mintages of less than 2 million.
     

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