In 1966 the year decimal coins and stamps were introduced. Australia Post had released about 7 sets of postage stamps. By the end of the late 70's the output of sets had doubled, this had included mini sheets and the introduction of the pre stamped envelopes. During the late 60's and early 70's many savvy stamp collectors bought stamps as hedge and a investment ( If collected in the correct manner - Corner strips, gutter strips etc ). By early to mid 80's Australia Post went berserk and over saturated the market with a endless supply of stamps, rendering the investor / collector value useless ( except for a few issues ). I rang my Mother this morning, and asked which year had Dad sold his magnificent Australian stamp collection ( both decimal and pre decimal ). He had sold the entire collection at the end of 1978 for a remarkable profit. I tell this story as to highlight a similar scenario going on with Australian issued bullion coins . There is no end to the amount of designs and sets issued these days, and particularly by the Perth Mint . There is virtually a new coin for every week, and for every occasion. Are our mints following the route of Australia Post ? Are they devaluing their own product by over supply ?
I'd like to hear a few thoughts on this topic....
As for me, my instinct is to do what my Father and Kenny taught me...
And that is to -
( adapted lyrics )
On a warm summer's eve
On a train bound for nowhere
I met up with a silver stacker
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us,
And he began to speak
He said, "Son, I've made a life
Out of collecting silver coins
Knowin' what coins to collect
By the limit of their mintage
So if you don't mind me sayin'
I can see you've bought a few milk spots
For a taste of your whiskey
I'll give you some advice"
So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his face lost all expression
He said, "If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to stack 'em
Know when to ditch 'em
Know when to walk away
And know when to run
You can never rely on numi or semi numi profits
As the mints over saturate the market
You still have be time for ditching
And the time for you has begun....
I'd like to hear a few thoughts on this topic....
As for me, my instinct is to do what my Father and Kenny taught me...
And that is to -
( adapted lyrics )
On a warm summer's eve
On a train bound for nowhere
I met up with a silver stacker
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us,
And he began to speak
He said, "Son, I've made a life
Out of collecting silver coins
Knowin' what coins to collect
By the limit of their mintage
So if you don't mind me sayin'
I can see you've bought a few milk spots
For a taste of your whiskey
I'll give you some advice"
So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his face lost all expression
He said, "If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to stack 'em
Know when to ditch 'em
Know when to walk away
And know when to run
You can never rely on numi or semi numi profits
As the mints over saturate the market
You still have be time for ditching
And the time for you has begun....
