Step right up for the latest in over priced granny bait

Discussion in 'Numismatics' started by serial, Apr 25, 2014.

  1. serial

    serial Well-Known Member Silver Stacker

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    serial, Apr 25, 2014
    #1
  2. Genesis.1

    Genesis.1 Member

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    They seem pretty sure there will still be a huge demand if they are using a ballot system...

    Do you think making them in copper will lessen the demand for the coin?
     
    Genesis.1, Apr 25, 2014
    #2
  3. House

    House Well-Known Member Silver Stacker

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    By bronze do you mean copper? :p
     
    House, Apr 25, 2014
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  4. serial

    serial Well-Known Member Silver Stacker

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    wow I live with 2 autistic children and I still cant get away from that online :p
    so yes copper not bronze
    personally I think that is like comparing Stirling silver with fine silver
     
    serial, Apr 25, 2014
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  5. EnShinNoi

    EnShinNoi New Member

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    I don't think so. It'll be much the opposite. A $100 price point widens the market greatly compared to if it were a $300+ silver coin. Non-collectors are going to want this, just as they did with the "lest we forget" triangular coin. Bronze also seems appropriate given the Victoria Cross is of a similar metal.

    Then throw in the fact that it's hard to even think of a more meaningful Australian coin, this will instantly double in market value.
     
    EnShinNoi, Apr 25, 2014
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  6. bja

    bja Member Silver Stacker

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    Welcome EnShinNoi,

    VC's are made from a melted down bronze cannon, this 'coin' is copper, much of a muchness really, minus some tin and a fair bit of hardness. Its a very nice looking design but jeez, all of these are just plain and simple money grabs... which Im sure will increase in value.
     
    bja, Apr 25, 2014
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  7. EnShinNoi

    EnShinNoi New Member

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    Thank you for the welcome.

    Strange, I thought I read somewhere it was bronze, It must have been a reference to the appearance. Does anybody know the exact metal composition? After all, it can't be 100% copper.

    Welcome to the new age of collecting, aka instant gratification.
     
    EnShinNoi, Apr 25, 2014
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  8. bja

    bja Member Silver Stacker

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    Why cant it be 100% copper?
     
    bja, Apr 25, 2014
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  9. EnShinNoi

    EnShinNoi New Member

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    It's too soft and prone to corrosion. I know these will be cased but it's an unnecessary risk.
     
    EnShinNoi, Apr 25, 2014
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  10. bja

    bja Member Silver Stacker

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    You might want to check your facts on that one, most lower denomination coins used to be 100% copper, British ones for instance didnt become bronze until during Queen Victorias reign.
     
    bja, Apr 25, 2014
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  11. EnShinNoi

    EnShinNoi New Member

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    But they weren't released as collectible coins. RAM would be calling this a fine copper coin if it were 100% copper.
     
    EnShinNoi, Apr 25, 2014
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  12. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Based on the last VC offering which was a $1 Bronze-aluminium coin which retailed at $5 and is now selling for around $200, I think the mint wants a slice of that action and doesn't want it all to go to the secondary market.
     
    Jislizard, Apr 25, 2014
    #12
  13. serial

    serial Well-Known Member Silver Stacker

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    so coin is selling for $700+ on secondary market and people haven't even taken delivery yet!
     
    serial, Jun 12, 2014
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