They minted 36 million of these coins and they are everywhere for like $10 - $12 NZD each and have about $8 - $9 of silver in them. Someone please tell me why they want an incredible $22.56 for it?
These coins are attractive and nice, but hardly worth these sunday paper and infomercial prices. The coin is not rare, proof or especially nice (It has a few spots on it and clealry some light wear as you would expect for these pieces which ciruclated for a few years). They are 80% silver and weigh around 15 grams.
What do you guys think of this.
I have three of them and none I paid anywhere near this level for. Much better value is the $10 coins with 18 grams and 92.5% silver and they cost me only $14 each.
Does anyone else see super common coins going for daft prices on auction sites too?
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
You can ask whatever you want, but whether or not it is sold, is another thing altogether.
Take the 2018 GB Alphabet 10 pence coins. Although they were in circulation, as soon as the scarcity was worked out, eBay ect, had them on auction for amazing amounts of money, even though you could buy them from the Royal Mint.
Just wait to see if it sells. There may be a mug out there, who is looking for that particular coin and is too lazy to search a while.
18 bids... but how many bidders? Sometimes on eBay, I see two bidders going back and forth well passed the trend value. It looks like two alpha males fighting to assert their superior virility...
In Canada, though, there are categories that often go passed the trend/catalogue value, especially 19th-century paper money or more recent paper money in AU and higher grades.
They don't want $22.56 for it, that's just what the morons have driven the bidding up to. The auction was started as a $1 reserve.
You take a gamble when starting a $1 reserve auction. Sometimes it sells for a dollar, sometimes it doesn't sell and the guys who added it to their watchlist request a lower offer, sometimes you get a couple of morons that drive the bidding up to ridiculous levels because they're both too pig headed to give up. I once sold a 1960s Chinese bank note worth $8 for $126 because a couple of guys got into a bidding war.
It is a stupid amount to pay for these coins, if you wait around long enough you usually get someone selling bulk lots of them for around or even below melt value. I got a bulk lot that had 11 of these, some Aussie 50% florins and some sterling florins for about $10 under melt.
Good point there - its morons fighting over common junk (I use the term loosely as it is silver and a nice design, along with it being a single date issue)
But if the sellers had ethics they would place a buy now of say $15 rather than watch it climb to new heights.
I will always put a buy now on for common material, but rare items yes I agree the sky is the limit, I have had a tatty old £1 Lefeaux (1934) go for like $240 and I thought $100 would be enough and the buyer thought he had the bargain of the century. The profit bought 20 silver florins alone!
I paid my sellers about $10 for 5 of them as they were 200 years old and had an elephant on them and were worn down to Good and Fair. They sold for like $250 in total.
On the other hand I have sold some good stuff like Silver proof NZ large dollars and been lucky to get 80% melt for them.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Quote: "Moneytane"Good point there - its morons fighting over common junk (I use the term loosely as it is silver and a nice design, along with it being a single date issue)
But if the sellers had ethics they would place a buy now of say $15 rather than watch it climb to new heights.
Nah, if you start them off at a $1 reserve and someone wants to pay a ridiculous amount, then that's on them. I'm sure if it was a decent value coin that someone managed to buy for the $1 reserve then there are very few people who would voluntarily pay more than $1 out of ethics because they've got such a good deal.
The seller is one of these street auction (Pawn shop) types who seem to know very little about coins and are unlikely to intervene. I see a lot of their stuff and give it a wide berth as its always overdescribed and overpriced out of reality.
And Neil it has clearly on the auction "Was $24.99 now at $1 Reserve" or words similar to that effect (Just to elimiate the pedantic paulines on this site). They did want that abhorrent price for it. Greedy bastards. Are happy now as a person with an IQ of 65 has bidded it up to that point.
Maybe I should contact them that I can sell them 2 at $20 each.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Nope bog standard coin, 36 million of them and 25,000 proof ones - but these are mostly shinier, this one isnt.
It didn't go any higher, but with $2.75 cheapest postage - it went for $27.35 in total.
Meanwhile I found 2 more at $14 and $16 and one guy selling 100 of them for $1140
I also got a warning from Trade Me for calling the sale a rip off. They only care about profits from success fees so love morons bidding junk up to skytoppical levels.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Quote: "Moneytane"I also got a warning from Trade Me for calling the sale a rip off. They only care about profits from success fees so love morons bidding junk up to skytoppical levels.
Umm, yes. Because it’s an auction site. The whole point of the business is to get the best price possible. If you don’t like the price, just don’t bid. Don’t send abusive messages to the seller.
Would you go to a real estate auction and yell abuse at the auctioneer for not stopping the bidding at the government valuation? It’s called capitalism
To be fair, this particular coin might have a lot of sentimental value for somebody.
$30 isn't much anything even if you're paying that much for something that is worth only a fraction of that amount.
Last month I saw a full soviet 1924 silver and copper coin set being auctioned off for way above the catalogue value, the buyer was Russian.
The auction was held live so it most definitely wasn't a fake bid and don't forget that for a lot of people it's not about buying stuff for good money, it's about the thrill of winning the auction.
For somebody who makes millions a year, 30 dollars is just as little as 6 dollars.
To be fair, you don't really have to be a millionaire to not care about two-digit expenses.
I really don't think that there's anything fishy going on.
Now this is what I call crazy bidding:
Bear in mind that these coins weren't uncirculated or certified.
That's 680€ +22% buyer's premium which totals up to 829.6 euros or $923,84 USD.
Then again I bought myself a few old Swedish and French banknotes for the hammer price at the same auction because none of the Russian or Finnish collectors were interested in those even if it would've meant great profits for them.
I can think of only three rules for an auction to be right from the legal and ethical points of view: the item must be as described and illustrated; there is a set deadline with absolutely no allowance for late bids, even by a fraction of a second; and the highest bidder wins.
CalvinV I love your grimacing dog avatar. Is that dog yours?
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Quote: "CalvinV"To be fair, this particular coin might have a lot of sentimental value for somebody.
$30 isn't much anything even if you're paying that much for something that is worth only a fraction of that amount.
Yeah, but the point Moneytane was making is that there are always coins of this type for sale on trademe, and they usually sell for between $11 and $15 each. There's no point getting into a bidding war over one of them, just cut and run and move to the next one. He just undermined his point a bit by going on a rant that sellers shouldn't be trying to get the best price for their listings.
I currently have a tortilla press for sale. It's just a cast iron gadget that squishes dough into tortillas. I started it at a $5 reserve and I would have been happy to get $5-$10, it's currently selling for $61.00!!! Am I going to turn that down because someone overbid on a useless kitchen gadget? Hell no! I've just got back from a 4 week holiday and finished some renovations, I'll take what I can get thank you
Quote: "Moneytane"Tough audience!
CalvinV I love your grimacing dog avatar. Is that dog yours?
Unfortunately no...
I collect dumb and silly pictures of mainly shiba inus that I find on image boards, that being said I suppose I should give you a few examples:
Anybody interested in a trade?
I'm only interested in top quality dog pics of the highest quality standards known to man, I don't want any common facebook-tier meme pictures of labradors or pugs.
Quote: "CalvinV"To be fair, this particular coin might have a lot of sentimental value for somebody.
$30 isn't much anything even if you're paying that much for something that is worth only a fraction of that amount.
Yeah, but the point Moneytane was making is that there are always coins of this type for sale on trademe, and they usually sell for between $11 and $15 each. There's no point getting into a bidding war over one of them, just cut and run and move to the next one. He just undermined his point a bit by going on a rant that sellers shouldn't be trying to get the best price for their listings.
I currently have a tortilla press for sale. It's just a cast iron gadget that squishes dough into tortillas. I started it at a $5 reserve and I would have been happy to get $5-$10, it's currently selling for $61.00!!! Am I going to turn that down because someone overbid on a useless kitchen gadget? Hell no! I've just got back from a 4 week holiday and finished some renovations, I'll take what I can get thank you
Sometimes people just don't know what they're buying and some don't really care, people tend to think that if they haven't seen a spefic coin being sold ever before then it must be rare.
This applies especially to old people who only buy coins locally and in person.
Can't help sadly, I am definitely a fluffy and fat cat man. Scottish Folds and Birmans.
My own cat is an incredibly cute Maine Coon
However she has a fluffy dog friend (Nikita 2003 - 2019) a gorgeous Samoyed, cute as her smile
Cuteness is up there with coins!
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Quote: "Moneytane"Just such cute dogs!!!
Can't help sadly, I am definitely a fluffy and fat cat man. Scottish Folds and Birmans.
My own cat is an incredibly cute Maine Coon
However she has a fluffy dog friend (Nikita 2003 - 2019) a gorgeous Samoyed, cute as her smile
Cuteness is up there with coins!
Amazing.
Sadly I haven't had a chance to get a dog for a variety of reasons.
In a few months I will be moving to Pärnu, Estonia and about six months after that I'm supposed to be living in Madrid, Spain and hopefully I'll get the chance to adopt one there.
I really, really do not get why people keep making posts that are literally just calling people idiots.
So what if someone gets into a bidding war over something so trivial?
Has nobody on this site ever EVER paid more than the usual price for something?
If I found something in an auction or in a flea market etc, and someone wanted more than what it's worth but that thing meant something to me or I REALLY wanted it, I would pay more to have it.
I paid £3 total for a 1 tiyin coin from Uzbekistan. At the time of buying it was 1999 tiyin to ONE US CENT. Does that make me a 65 IQ moron?
Quote: "AshsCollectablesStore"
I paid £3 total for a 1 tiyin coin from Uzbekistan. At the time of buying it was 1999 tiyin to ONE US CENT. Does that make me a 65 IQ moron?
Probably - I would asked for the whole set up to the 10 Rubleniks or whatever they use now for that price
Neil - I did not realise you had a similar cat to mine. He/she looks gorgeous.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Quote: "AshsCollectablesStore"I really, really do not get why people keep making posts that are literally just calling people idiots.
So what if someone gets into a bidding war over something so trivial?
Has nobody on this site ever EVER paid more than the usual price for something?
If I found something in an auction or in a flea market etc, and someone wanted more than what it's worth but that thing meant something to me or I REALLY wanted it, I would pay more to have it.
I paid £3 total for a 1 tiyin coin from Uzbekistan. At the time of buying it was 1999 tiyin to ONE US CENT. Does that make me a 65 IQ moron?
I'm sure I've paid more than catalogue value for several coins, but it's usually coins that you don't find over here. The Australian round 50c coin is one of the most common coins on Trademe. There's usually at least 4 or 5 at any given time.
@Moneytane. Yeah, I think our cat is part Maine Coon. She's certainly got the size, she weighs in at over 6 kilos and there's hardly any fat on her, she's all muscle and fluff.
I was going to say a Maine Coon, but I thought she could be also a Ragdoll or Norwegian Forest cat, similar breeds.
I would say looking at her, she has the long bushy tail, the M on her forehead and the long legs, you probably have a purebred there. Also the wiry build helps and if she is really friendly, meows a lot and can be quite timid at times nothing like a big cat at all.
Our one is also 6kg and has a slightly shorter tail, as she had half of it amputated after a Tom bit her in 2012 (Finding out she was fixed, angered him - as they still have pheromones.). Ours is 13½ and still a lot like a kitten (I have heard stories of them living to 25 or more)
We give ours a summer cut at the vet each summer and she loves it, Fur grows back by March. This is a full on cat, even now she is meowing at me, even after feeding and playing with her for the past hour.
About the coin - the fact it was such a common type is why I posted. Even I can understand if a so called common coin is hardly ever seen, comes up for auction, that people will want it. And even I have paid excessive amounts for crud, like a pile of African coins last year, all base metal - mostly worn and low face values that I paid $25 for and I loved them.
But Neilithic is right, Australian silver 50c coins are everywhere and the fact 4 others were being sold cheaply and one guy had a bag of 100 (!!) of them.
Bear in mind, our silver series of coins had average mintages of 500k - 3 million per year for Halfcrowns and maybe 10 million a year at most for sixpences and you can find these coins worn everywhere, even I have proved nice coins can be found cheap too. This Australian coin had a mintage of 36 million (Which is higher than many years of their base metal 50c coins), they really are worth silver value only - the average grade is AU and UNC ones are like maybe $1 or $2 more than melt. So $25 plus $3 postage and handling is a crazy price.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
No bids yet, but wildly overpriced, would you not agree.
There are some real ripoff merchants on our auction sites.
I got two of these coins (Purple and Green Folder) for $20, both were UNC
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Status changed to Solved(Moneytane, 29 Jan 2020, 01:57)
https://en.numista.com/catalogue/pieces6761.html
https://en.numista.com/catalogue/pieces43855.html
