What are Mint and Proof Sets? Basic Lesson 4

 

These sets contain the coins issued by the Royal Australian Mint (RAM) for use as currency (sometimes called circulation coins as discussed in Lesson 3). The sets usually contain the standard circulating coins of the year, however in the later issues some of the commemorative coins  started to appear.

Mint Sets

1994  Mint Set

1994 Mint Set issued by RAM

The coins used for mint sets are the coins minted by RAM for circulation. They are in mint condition in contrast to the coins distributed in the banking supply system, not having the usual bag knocks or rubbing marks.
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What are Commemorative Coins.? Basic Lesson 3

1993 $1 Royal Melbourne Show

Packaging used to house the 1993 $1 Landcare coin

 

Commemorative circulating coins are minted by the Royal Australian Mint (RAM) and have a unique design celebrating an important event or anniversary. They are therefore the non standard designs, but are still released for use as circulating currency and are legal tender.  These are the main types:

 

  1. Commemorative circulating coins minted for use as currency can be found in your loose change. These are minted for circulation and distributed the same way as standard  currency coins,  mainly through the bank system,  although some go to coin dealers who add value by putting them in special packaging to sell through retail outlets.  For example, the Landcare coin shown above.  These are type of commemorative coins that we will be discussing in this blog.  We will be offering blogs on the other types, below, in later editions.
  2. NCLT coins (non circulating legal tender coins)
  3.  Silver commemorative coins
  4. Coins minted just for the collector market

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What are Coins for Circulation? Basic Lesson 2

aust currency

I have written this blog about Australian circulating coins but the principle applies to other countries and currencies.
The Australian circulating coins are minted by The Royal Australia Mint (RAM) and are the coins you will find in your change. They are the coins (cash) used to buy and sell goods in the normal course of commerce.
The Perth Mint and occasionally other mints have minted coins for the Commonwealth of Australia during times of increased demand. Also the gold sovereigns were minted by various mints operating in Australia at the time.
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What are bullion coins? Basic Class 1

Dragon Silver Coin

Dragon Silver Coin

The Perth Mint is the official supplier of Australian Bullion coins with the Royal Australian Mint concentrating mainly on circulating coins (the coins you will find in your change).

Australian Bullion coins are composed of Gold, Silver or Platinum. These are released every year with a different design making them one of the few bullion type coins to change design each year.

They are of a specimen or uncirculated quality. They are known as bullion or specimen coins.  In other words they are not finished to the polished mirror like finish you will find in proof coins but are of a better quality than coins issued for circulation.

These specimen bullion coins cover the Kookaburra, Koala and Lunar releases. They have relatively high mintage numbers and are released worldwide. They come in capsules with no Certificate of Authenticity (COA) or packaging box.  The mint last year also released a new type of bullion coin that comes in a tube, similar to the US Eagle coins.  The first design been a saltwater crocodile. Continue reading

Are there too many commemorative silver coins released?

2015 batman

The coin releases from The Perth Mint and Royal Australian Mint just in the first period of 2015 are plentiful so the question is this –
Are the mints killing off a very lucrative market by oversupplying?
The releases from both the Pert Mint and Royal Australian Mint around this time include Anzac Centenary and Gallipoli releases, Eternal Love, Cricket, New Year, the Lunar series with many different sizes and types, Coin show special, sunset Batman, Gods of Olympia, Star Trek and more but you get the point.
All things considered and under normal circumstances it would appear the market is defiantly been oversupplied. Although I am not that familiar with International releases the same expansion of releases appears to be occurring with other mints as well.

The immediately effect of this has been a gradual drop in prices for previously released coins. If collectors cannot be guaranteed rising prices for their coins it does spell trouble for the silver commemorative market. It is a relatively new market really only becoming popular in the last decade or so and needs careful consideration and management by the mints.
The question in my mind is what of the future?
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Large Coins a time to buy.

 

 

DSCN9590

With the silver price looking to form a bottom ending its current correction and more interesting settling below the cost of production for most miners it is safe to say the silver price now is a bargain.

No one can predict the price of gold or silver as there is just to much influencing the price however the Edge Trader is better than most. Continue reading

Perth Mint Lunar Series 1

 

DSCN9436

 

The Perth Mint  Lunar Series 1 are the coins I would recommend to collect both for those just starting and those wishing to enhance their collection.

The Series has plenty going for it:

1. Tiny mintages, especially compared with other issues.
2. First series of its kind and led the way to the commemorative series market which is huge today
3. Superb quality
4. Interesting though somewhat stylized designs.
5. 100% Silver so always backed by a silver bullion price.
6. Minted by an internationally recognized mint that has an outstanding  reputation.
7. Prices are still very reasonable considering the mintage’s and scarcity of these coins.
8. Price appreciation is assured due to the mintage numbers and an increasing interest in the series.

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