Premiums on 1966 50 cent coins

[openeyes]

a question

Over the last few years I have bought and sold quite a few of these 50c coins. The premium has gone down quite a lot recently. I don’t really mind that but I am interested to know why?
I have noticed a similar trend with some Perth mint lunar 2 coins.

Your thoughts on the matter would (perhaps) calm my perplexed mind.

 

[66rounds]

Greater number of suppliers vs. less demand perhaps?
First lot i bought cost me 8.50 each at melt value of 7
Each lot since has been successively cheaper and sometimes under melt value.
If you look on gumtree and ebay they still go for between 12-15 a coin. Never understood the association of any predecimal or 1966 silver with a premium as they were minted in bunches and freely available.

Why anyone would pay a premium on them beats me. I only did so out of ignorance or when i know ill turn a profit regardless of the premium.

 

[Oddjob]

Melt value at current spot price is circa AUD10.00 a coin and there's a shop in lovely Parramatta selling for AUD8.00 a coin (as per their web site). Might be calling them tomorrow to see if that's still the correct price.

https://sydneycoins.com.au/index.php?route=product/search&filter_name=50 cent&page=9

 

[66rounds]

Melt should be 8.18 at spot of 23.94
Dont they have 80% silver at 13.28g total weight (ASW 10.63g/0.34oz)?

 

[66rounds]

Melt value at current spot price is circa AUD10.00 a coin and there's a shop in lovely Parramatta selling for AUD8.00 a coin (as per their web site). Might be calling them tomorrow to see if that's still the correct price.

https://sydneycoins.com.au/index.php?route=product/search&filter_name=50 cent&page=9

They seem to be out of stock unfortunately.

 

[Oddjob]

Melt should be 8.18 at spot of 23.94
Dont they have 80% silver at 13.28g total weight (ASW 10.63g/0.34oz)?

Was going off the Kitco silver gram price of AUD0.77, thus the AUD10.00 odd mark.

Doh, didn't see the "sold out" bit.

 

[66rounds]

Dont buy from anyone who sells for whole weight and not ASW.

 

[openeyes]

Melt value at current spot price is circa AUD10.00 a coin and there's a shop in lovely Parramatta selling for AUD8.00 a coin (as per their web site). Might be calling them tomorrow to see if that's still the correct price.

https://sydneycoins.com.au/index.php?route=product/search&filter_name=50 cent&page=9

Out of stock sadly

 

[Grizzly]

Dont they have 80% silver at 13.28g total weight (ASW 10.63g/0.34oz)?

Yes, exactly ASW 0.3416 oz. Gives me a value of $8.17 at current spot which is pushing up towards AUD$24

 

[66rounds]

Hopefully doesn't rise too quick so we can all keep building the stack!

 

[openeyes]

Hopefully doesn't rise too quick so we can all keep building the stack!

I don’t care how fast. Just that is continues to climb rather than falling to lower lows.

 

[66rounds]

I don’t care how fast. Just that is continues to climb rather than falling to lower lows.

Low = buy more
High = stack worth more
You can't lose in the stacking game my friend.

 

[openeyes]

Agreed

 

[openeyes]

Hopefully doesn't rise too quick so we can all keep building the stack!

Your wish is being granted

Stack stack stack.

 

[66rounds]

Your wish is being granted

Stack stack stack.

Unfortunately broke my rule and bought on the upswing. Doesn't matter though, Ill just buy more!

 

[openeyes]

Unfortunately broke my rule and bought on the upswing. Doesn't matter though, Ill just buy more!

Sorry spoke to soon.

Still stack stack stack.