Collectors are not milk cows!

Just discovered in internet, that Monaco will issue 2 euro commemorative coin 2015 in 10.000 pieces.

If grace Kelly coin was issued in 20.001 and the price at the moment is ~1.500 eur per coin, we just can imagine how will cost the coin of 2015.

This is just a 2 eur coin, not ancient, not expensive metal even. The value is artificially launched by number of pieces and, believe me, by- wholesalers, who will buy majority of issued ones.

So, my thoughts are just to ignore this country coins. It was enough for me to be as a cow to milk...
I am very angry on this! Really!

Any other thoughts?
KasparsLV

Absolutely agree with you, my friend
I collect commemorative euro coins, but i dont collect Vatican, SM and Monaco
Unreal to collect

For 1500$ you can buy near 75 10euro coins from Germany! Some of them will be in silver. And all of them will be in super interesting design


and in nominal value it will be 750 euro

I choose this way

Even more, my brothers of coins!

Andorra has plans to issued its first 2 euro commemorative next year and in number of ~105.000 pieces.
It means price: ~40 eur per coin as minimum.

Another milking factory...

Sad, so sad!
I will not support this country's business, definitely!

And the Belgium red cross is what ? Also doing milk cows from basic collectors. And that´s why I don´t collect euro coins. I don´t have this problem. :)

Quote: superman43And the Belgium red cross is what ? Also doing milk cows from basic collectors. And that´s why I don´t collect euro coins. I don´t have this problem. :)

I hope that situation with Belgium red cross wass really mistake..
And that this is first and last same situation

And each one interesting thing about red cross coin: here in my city (Moscow, Russia)  i bought this coin near 20 dollars, but it was first day when coin was in shops. And coin was in coincard

2-3 weeks ago when i come to this shop i see next situation:
Coin in coincard cost near 17$
Coin without coincard cost near 25$

And seller from shop unpack coincards on my eyes and transfer coins from.coincard to coins from rolls

Lol situation

Superman it's right. That's why I do not collect euro coins neither.

For me, the Croatia kuna is very interesting, like a mini-euro, because there are 3 different types of obverse for 1 Lipa to 2 Kune, but for 5 Kune there are also 2 different types of obverse.

Than there is not any currency like Euro, to have more types of one side, but only one obverse side. :D
If you know some, write it please.

I have never bought a euro coin and I never will but I have always saved every one that I have gotten as change

Quote: superman43For me, the Croatia kuna is very interesting, like a mini-euro, because there are 3 different types of obverse for 1 Lipa to 2 Kune, but for 5 Kune there are also 2 different types of obverse.

Than there is not any currency like Euro, to have more types of one side, but only one obverse side. :D
If you know some, write it please.

like Croatian 25 Kunas coins
I think, that these coins have one of the best design

This is exactly the reason I gave up on commemorative coins. Especially this issue was not minted for the purpose to be used as real money. Hence it's just a token to me.

1500 euros saved :-) Can buy my wife a nice dinner for that!

Hey, quite a dinner for that, lucky wife.

But you are right, that is all the question of commemo coins which, from real commemorations, became a good juicy business. Don't know exactly where (eastern communist countries, small Pacific islands producing more coins than inhabitants, Gibraltar ...) or when ? Some countries distribute them in such a way that they don't get confiscated by resellers/speculators, others don't. Now it has become crazy ...  

The good think is that collectors themselves can set their own limits.
ex. Australian commemos do circulate. You go in a bar and with your best smile ask "hey mate, can I have a look at your coins ? And you're sure to leave with bunch of nice 20, 50 cents, and 1 dollar circulated commemos weighing kilos - 50 cents are laaarge coins - in your pockets. I remember having a lot of fun spending time in front of a machine to change notes to 1 dollar coins in Brisbane railway station  

I collect only circulated coins. They have something to tell ...

And it happenned for stamps too.

Cheers,

André

Yes, it is crazy. Face value is still just 2 euros and as said day others already,  it isn't even of some valuable metal.

I do collect circulating euro commemorative coins, but not the ones that are sold for high money like this one.

Kart

1500 euro for a dinner is pretty insane. I am sure my wife would appreciate jewelry a lot more if such money was spent :-)

On topic, it's all about supply and demand and those mints are just businesses like any other. If I could sell non-precious metal disks at such prices I would try to sell as many as possible

 Here is a worn UK coin - 1898 Queen Victoria 1 Penny ...

 worth, what, 5 pence maybe; so £5 would get you 100 of them?
Wrong - it would get you ONE of them.      

http://www.royalmint.com/shop/V/VICPEN

 

whats with the belgian red cross coin? did i miss something?

concerning the the grace kelly, who knows if this only a short hype or not. if i would own one, i would have sold it.

A lot of people collect the 2€ coins; pros and amateurs alike. So those small countries count on it so that their coins generate and extra income. They say the coins aredistributed mixed with other 2€ coins to prevent hoarding; but they don't do nothing to prevent hoarding from bank workers.

If you work at a bank and know which rolls contain those coin you can pretty much exchange 50€ x 25 - 2€ coins each. If you get 5-10 each roll that woul net you a 15,000€ profit per roll and some extra ones. As you would have a big % of the offer no one could object your prices.

Quote: erdvillaA lot of people collect the 2€ coins; pros and amateurs alike. So those small countries count on it so that their coins generate and extra income. They say the coins aredistributed mixed with other 2€ coins to prevent hoarding; but they don't do nothing to prevent hoarding from bank workers.

If you work at a bank and know which rolls contain those coin you can pretty much exchange 50€ x 25 - 2€ coins each. If you get 5-10 each roll that woul net you a 15,000€ profit per roll and some extra ones. As you would have a big % of the offer no one could object your prices.

I don't agree with you. The problem is that expensive and rare coins don't come in rolls. However, normal commemorative Euros are available for 3€ or even less than that.

Quote: Kuna

Quote: erdvillaA lot of people collect the 2€ coins; pros and amateurs alike. So those small countries count on it so that their coins generate and extra income. They say the coins aredistributed mixed with other 2€ coins to prevent hoarding; but they don't do nothing to prevent hoarding from bank workers.

If you work at a bank and know which rolls contain those coin you can pretty much exchange 50€ x 25 - 2€ coins each. If you get 5-10 each roll that woul net you a 15,000€ profit per roll and some extra ones. As you would have a big % of the offer no one could object your prices.

I don't agree with you. The problem is that expensive and rare coins don't come in rolls. However, normal commemorative Euros are available for 3€ or even less than that.

I am sure some of the small countries release them in rolls, mixed with neighboring countries' 2€  ones to prevent hoarding. Aside from that there is the usual collector's "coin-in-a-card" which is also usual for them.

Quote: erdvilla

Quote: Kuna

Quote: erdvillaA lot of people collect the 2€ coins; pros and amateurs alike. So those small countries count on it so that their coins generate and extra income. They say the coins aredistributed mixed with other 2€ coins to prevent hoarding; but they don't do nothing to prevent hoarding from bank workers.

If you work at a bank and know which rolls contain those coin you can pretty much exchange 50€ x 25 - 2€ coins each. If you get 5-10 each roll that woul net you a 15,000€ profit per roll and some extra ones. As you would have a big % of the offer no one could object your prices.

I don't agree with you. The problem is that expensive and rare coins don't come in rolls. However, normal commemorative Euros are available for 3€ or even less than that.

I am sure some of the small countries release them in rolls, mixed with neighboring countries' 2€  ones to prevent hoarding. Aside from that there is the usual collector's "coin-in-a-card" which is also usual for them.

I don't think so. Vatican and San Marino 2€ coins, for example, are offered only in special "cards".

Andorra planned to have theirs in mixed rolls.

But yes,  Vatican and San Marino only do 2 euro coins for selling them at very high price...

Exactly why I don't collect modern coins or commemorative coins.  collecting pre-1945 coins and circulating silver coins means you don't get these made-for-collectors monstrosities.

To be or not to be a milk cow! It's a question of choice.

No euro coins for me.  

Quote: A PAIR GOLD PLATED AND THE ON A COPPER BASE WITH OLD AN THE NEW DESIGN OF THE POUND  AND PENCE COINS. THE PAIR OF PLAQUE AND THEY ARE ABOUT 5 INCH IN THE DIAMETER AND THEY W. IS 1LBS 2OZ AND IN WOODEN CASE.  YEARS IS 2008 ISSUED.

http://www.ebay.co.uk/itm/121624437517


 There are two items, both with the same reverse as third image. Price £99.99 + £10.80 postage.          

My only coin from Monaco happens to be this silver  50 Francs from 1974.

https://en.numista.com/catalogue/pieces6372.html

By sheer luck I ended paying only the opening bid of €12. Even including costs for registered mail I paid less than what the equivalent French 50 Francs coins from the 1970's usually sell for.

My first coin from the Papal States is a small silver 10 Soldi of 1868.  It has the charm of an era long gone; a better buy than a new commemorative 2 euro from the Vatican.

Quote: ZacUKQuote: A PAIR GOLD PLATED AND THE ON A COPPER BASE WITH OLD AN THE NEW DESIGN OF THE POUND  AND PENCE COINS. THE PAIR OF PLAQUE AND THEY ARE ABOUT 5 INCH IN THE DIAMETER AND THEY W. IS 1LBS 2OZ AND IN WOODEN CASE.  YEARS IS 2008 ISSUED.

Not entirely sure what to think about that. I'm not even sure if I like it, seen that the 2015 version is going for £250 http://www.westminstercollection.com/p-N346/The-New-Portrait-Coinage-Medal.aspx

But if you're going to sell something for £100 on eBay, firstly, get someone to proof read your description to see if it makes sense. Secondly, put it in the correct category, this is not a ring, so it doesn't go in jewellery, and lastly, decent pictures please.

They're also selling a 1oz Solid Gold coin, with COA, for only £200.
http://www.ebay.co.uk/itm/coins-solid-9ct-gold-the-hrh-prince-GEORGE-GOLD-NUMISPOOF-/121625288728
Again, pictures aren't clear enough to determine if it's genuine or not.

While in agreement with most of you, let me offer a different perspective:

If you would run a business/country like Andorra, Monaco or San Marino with no major oil reserves or manufacturing capacity or else , but a romantic and mysterious name, what would you do?
I tell you what I would do: I would issue limited series of coins and stamps for idiots who are willing to pay for it.

That does not mean that YOU have to buy them and become one of the idiots, but also it is no reason to get angry with them and raise your blood-pressure  - just take it easy, and see how it sells.

The good news is that the guy who buys the Monaco coin for EUR 1500, will not hit the auction click for your preferred other coin for EUR 19.  

well put!  

dank u well

We have a saying in finland and it goes like this:
"se ei ole tyhmä joka pyytää vaan se joka maksaa"

It means that the person who asks a certain price for an item is not stupid but the person who buys it

I don't buy modern coins because I think that they have no historical value but I don't complain when someone buys or sells them because it's business and if it's profitable then there's nothing bad about it