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.
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.
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.
Posted in Commemorative Coins, News Items, Uncategorized
Tagged $1 Australian coin, 1966 50c, 50c silver, australia coins, Australian Coin, australian coins, australian silver, circulating coins, Coin, coins, ebay store, perth mint
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?
Posted in Commemorative Coins, Silver Coins, Uncategorized
Tagged australia coins, australia silver coins, Australian Coin, australian coins, australian silver, Coin, coins, commemorative coins, perth mint, Silver Coin, silver coins, silver commemoratives, silver proof coin
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.
Posted in Lunar Coins, Silver Coins
Tagged australia coins, australia silver coins, Australian Coin, australian coins, Coin, coins, lunar coin, lunar coins, lunar silver, perth mint, Silver Coin, silver coins
The Kangaroo series produced by the Royal Australian Mint is one of the foundation series of Australian decimal coinage and is widely collected.
There is in my opinion a significant opportunity that has developed in this very popular series.
Posted in Silver Coins
Tagged australia coins, Australian Coin, australian coins, australian silver, Coin, coins, Kangaroo carded, Kangaroo Coin, kangaroo silver, Silver Coin, silver coins
The Deadly & Dangerous series from the Perth Mint is now available in a special release pure Gold Set. Given the amazing success of the Silver series starting with the Red back spider in 2006 now selling for between $1200 and $1500 and the other years going up in price this may be a good set to have. The increase in the gold price will also push this set along.