I have an passion for the good old 1966 50's. But I cant help wondering where these supposed millions of coins are. I really don't see that many traded considering just how many are supposed to be left. I think I remember reading a story sometime ago that many were taken to Asian countries. If that is the case where do they get bought and sold there? The mint melted many themselves and I assume that many have been melted since which leads me to wonder just how many are left. And where is this great horde of coins. I am being selfish here as I want a few of them.
36.45 million coins minted, 14 million circulated. @Greg Williams had about 10 million of those 14, Rest in Peace.
At todays spot value of $8.38 per coin, they minted just over $300 million dollars worth with just over $117 million worth entering circulation.
I think the fiddies may have came too late for that party, but 1938 crowns were indeed shipped to China and reminted to Sun Yat-Sen dollars... http://wiki.australian-coins.net/wiki/australian-coins/pre-decimal-coins/crown/
Ah yes mixed up the story lines. I just can’t see where all these coins are. Perhaps I should of asked who is holding more than 10000 of these. Where are the hundreds of people with more than 5000 or more? Am I missing something?
I heard that you had a few for a while. Did you hear about many others in the 10k club? Got sick of them and sold them all for a nice profit? Or the weight was threatening to make a hole in you study floor?
What is the advantage stacking these coins comparable to stacking mint bars? Mint bars/Perth Mint/after 20-30 years can have same premium over the spot-these coins little premium or not premium at all. Edit.I've never stacked these coins ,so maybe I'm wrong.
These are fractional silver at little to no premium. Same reason as stacking gold fractionals. If silver goes to the moon fractionals will handy. Other than that they're just cool I honestly preferred them so kooks and other bullion coins and rounds. A stack of 50c rounds and 10oz stacker bars is my ideal way of buying silver.
I think all the points you make are true. I do like their small size ie ~ third of an oz. I just like them so that makes them more interesting than mint bars for me. But then again I also have quite a thing for $10 state coins. Nothing pure about my preferences!
You can play around with them and then throw them in a box without worrying about damage or tarnish. No need for capsules. Everyone knows what they are. Not really faked or counterfeited, at least not any good real fakes available.
Don't think you did mate, my understanding is that very soon after they were issued spot took a leap and the silver content was worth more than face value. Hence less than half of the coins minted were circulated, those that were were quickly recalled and any one old enough to remember will be able to tell of 44 gallon drums being illegaly shipped out and refined in Asia
I knew I would learn something. This would also suggest much lower numbers of coins still in existence. My wayward mind thinks less than 2 million remaining.
For sure, there are many circulated coins on the list of "mass melt" crowns have already been mentioned, although I don't think in the same volume. New Guinea shillings on the other hand fall into the 44 gallon drum category.
I would be not comparing these coins to gold fractionals.Some gold fractionals like lunar coins attract huge premium after 20 years. I agree they are more cool /round/ coins as present 50c.
I sold them for the scrap copper value! During a legal stoush, I declared their value as $7,500, as they are still a monetised 50c piece.
