Premiums on 1966 50 cent coins

Discussion in 'Silver Coins' started by openeyes, Jul 30, 2019.

  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    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.
     
    openeyes, Jul 30, 2019
    #1
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    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.
     
    66rounds, Jul 30, 2019
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  3. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Oddjob, Jul 30, 2019
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    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)?
     
    66rounds, Jul 30, 2019
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    66rounds, Jul 30, 2019
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  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    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.
     
    Oddjob, Jul 30, 2019
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Dont buy from anyone who sells for whole weight and not ASW.
     
    66rounds, Jul 30, 2019
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  8. openeyes

    openeyes Well-Known Member Silver Stacker

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    openeyes, Jul 30, 2019
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  9. Grizzly

    Grizzly Active Member

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    Yes, exactly ASW 0.3416 oz. Gives me a value of $8.17 at current spot which is pushing up towards AUD$24
     
    Grizzly, Jul 30, 2019
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Hopefully doesn't rise too quick so we can all keep building the stack!
     
    66rounds, Jul 30, 2019
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  11. openeyes

    openeyes Well-Known Member Silver Stacker

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    I don’t care how fast. Just that is continues to climb rather than falling to lower lows.
     
    openeyes, Jul 31, 2019
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Low = buy more
    High = stack worth more
    You can't lose in the stacking game my friend.
     
    66rounds, Jul 31, 2019
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  13. openeyes

    openeyes Well-Known Member Silver Stacker

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    Agreed
     
    openeyes, Jul 31, 2019
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  14. openeyes

    openeyes Well-Known Member Silver Stacker

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    Your wish is being granted

    Stack stack stack.
     
    openeyes, Aug 1, 2019
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  15. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Unfortunately broke my rule and bought on the upswing. Doesn't matter though, Ill just buy more!
     
    66rounds, Aug 1, 2019
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  16. openeyes

    openeyes Well-Known Member Silver Stacker

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    Sorry spoke to soon.

    Still stack stack stack.
     
    openeyes, Aug 2, 2019
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