What is the current sale price for these guys? Spots is swirling around and getting higher as the weeks pass. I have not seen to many for sale so just want to hear what they are worth.
On spot value they are about $11.40 atm, but you would be hard pressed to pick them up for spot... probably looking at $12 a coin at the very least. I am going to have to take trip to the coin guy at the markets and see if he has marked his 1966'ers up from $10 yet (I hope he hasnt )
Just to think, I could've bought 220 of the suckers in Sept last year for $1500. I thought at the time, nah too much money for junk silver !
i am crap at math - if a 66 round was 50 cents in 1966 and is worth around $12 today what has been its return in percentage terms over the last 44 years ?
Well im also crap at maths, but I had a go... lets see if I did alright We I will say they are worth $12 today, 44 years ago they were 50cents, so they have changed in value by $11.50 in 44years. If you average that out thats 26cents growth a year, or 50% of its original face value a year. obviously thats a very simpistic calculation, I bet someone else could do a lot better.
You would have gotten better value if you had just spent your 50 cents in 1966 In 1966, when I was in high school I could buy 5 meat pies or 10 sausage rolls from the tuck-shop for 50cents. In 1970 for a cupro-nickel 50cent coin I could have quite a substantial lunch at Coles. For either 50 or 55 cents you can have the lunch special. Soup or salad. Roast of the day but 3 veg Trifle or Ice cream Pot of tea. I also took up smoking; a pack of cigarettes cost 43 -46cents
In 1966 the average wage was about $5 a day. 10% of that would be 50 cents, so the 50 cent coin represented 10% of a day's wage. Today's average wage is $200 a day or so, 10% of that is $20. Better to have spent your 50 cents in 1966.
If you bought them over the last few years, you bought them cheap. If you had held onto a silver 50cent for the last 45 years you actually lost value. I haven't been inside a tuck-shop for yonks but I am sure a meat pie with a pea or mash floater would costs more than $3 nowadays.
Thank goodness for that - I DID spend my 50c in 1966 and I've been sorta worrying about that decision ever since...
Hey guys I just got some 1966's in below average condition.I put them in a small plastic container and covered them with cloudy ammonia.Then i swirled the bucket around for 5 miniutes then wash them with warm soapy water.And now they look like there fresh from a UNC roll.This method works amazingly. And just remember only do this in a well ventilated area.
Ah! A 66 is worth $12 but what about fifty cent pieces minted after 66. How much are they worth today? Doesn't it prove the fact that if a coin contains silver it is a winner over non silver coins in the fiat world. Regards Errol43
While its true that spending it back then would have given you more purchasing power, if you tried to save it in a bank account paying 3%, 44 years later you would only have $1.85! So clearly hanging on to the coin was the best move if you didn't have something you needed to buy!
I was just looking at a popular dealers website and they are quoting a sale price of $1,100.74 per kg for 1966 Aussie 50 cent pieces. They advise there are 75 coins per kg which works out at $14.67 per coin which is a bit rich! Does anyone know where I can purchase these at a better price than this? Thanks.
