Amazing! Watched movie just few days ago after quite many years. Another reminder (even if it's just a movie) how sick can human mind be...
I could write a thesis on round fifties and their collectability, but one main reason for their attractiveness is their availability. Of the 36 million produced, the majority are still in existence, therefore in abundance. They are approximately a third ounce ASW silver. They are recognisable. They are unlikely to be counterfeit. Costs will never go parabolic. They will not be superseded by another mintage. Fifties are the vanilla cone of Australian coins. What you get is what you see.
Thanks sammy. I wrote my own little list of reasons after searching and reading every round fifty thread on here (and there are a lot) Here is the list.. hope it makes sense Source:
I learned quickly my personal opinion is of no consequence, with investment you need the mind of the sheep - you need that demand when selling so having the masses wanting what your holding is a very great thing. If you want to make money though, you need to pre-empt the sheep collective consciousness and stack'em before they get popular .. maybe bullion baron has timed it perfectly selling into the high demand phase - or maybe they will continue to grow in popularity and hence demand.. i am with Bullion baron that that are not great at all with me personally peferring all Pre 1945 pre decimal coins and many post decimal to boot .. but that is what makes them great (parables yeah!) For the same bullion content i stack 1927 florins which i can get for the same price approximatley, also like the post george fifth florins etc at the same price (NOTE: i do hold one tube of 1966'ers lol)
All this love for round 50's and ne'er a mention of the iconic, emblematic design by the acclaimed master of Australian decimal coinage - Stuart Devlin. Dr Devlin possesses the "Midas Touch". I've heard it said, when his silver creations are stored away for many years, given the right conditions. can undergo an alchemical transmutation into gold. (allegorical).
Sounds like a worthy challenge.. if we revise down the number from 36m mintage ( they had 5.3m unreleased that got melted from what I have read) and others going to asia for melt as well as coins flowing back to the government after being returned to banks and the melting that occurred when prices were high it might be a reasonable guess to say theres around 10m left in people's private holdings. No one really knows! Therefore if there is 10m left and I acquire 10k of them then only 1000 people could do that (or just 10k people could get 1000 of them).. nice!
The 10k 50 club would be an elite group, but you'd better make some good progress towards that goal before 50s start rising in price again. Ten of fifteen dollars each would still be lower than past price peaks, and now they are getting harder to find in large numbers.
Hanging out for big price dips to swoop in and clean up the weak hands haha. I have been getting some this week at 7.50 each which is pretty decent compared to recent prices I've seen/paid. Little by little the bucket fills up.. 7 here 20 there etc just try to avoid the big premiums when buying. Definately makimg progress silverpete!
If silver drops to $15 AUD an oz are we going to see these coins for sale @ $5.20 and will there be many available? I can see the price happening but I feel like supply will start to dry up. Anyone got experience with this? How has supply been over the last few years while the price has been drop drop dropping. Either way - they are just a great way for me to save.
