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Jeff's Last 20 Posts
| 1989 50c Coin Found In Circulation - MSo Or?
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Jeff
Pillar of the Community
Australia
877 Posts |
 Posted 09/24/2016 2:59 pm
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Some years (not just 50¢ either) were never released into circulation but were still made for mint sets. They do, for whatever reason, occasionally find their way into circulation.
Not worth a lot but interesting to find. I have sold some such on eBay and they fetch similar prices to uncirculated ones. I think collectors who make up sets of circulating coins like them as that then allows NCLT years to also be represented in a set -the philosophy is that an uncirculated one is not 'kosher' but one actually found from circulation is fine.
I have even found a couple of proof coins from circulation. |
| | Forum: Variety & Error Coins, Bank Notes, Paper Money: Australia, New Zealand, & South Pacific (Oceania) |
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| Are NCLT Coins Really Legal Tender?
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Jeff
Pillar of the Community
Australia
877 Posts |
Posted 08/24/2016 5:38 pm
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Australian NCLT coins are legal tender and banks will cash them in at face value. Every Australian coin, except holey dollar and dump (which have been demonetised)is legal tender.
That means banks should also cash in pre-decimal but you might find a reluctance there if you tried it.
They certainly do cash in 1¢, 2¢ and 1966 round 50¢. I have often been able to obtain those from banks -paper notes too- saves them the trouble of packing them to return (minimum quantities apply for that).
The rewards points scam would not apply in Australia because NCLT issues are sold at a premium to face value.
Edit P.S. I have also occasionally been able to get $200 gold coins this way too. They are worth around double face value.
Many bank tellers now know the value of some of these coins and will buy them for themselves. |
| | Forum: Commemoratives and Non-Circulating Coinage (NCLT): Australia, New Zealand, & South Pacific (Oceania) |
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| Sample Article Lies About TPG's
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Jeff
Pillar of the Community
Australia
877 Posts |
Posted 01/09/2014 02:31 am
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Don't forget there are Third Party Graders (long established and reputable) and some "Third Party Graders" (no comment -don't want to be accused of libel).
Some of the "lies" are not lies for some grading services -some dodgy ones out there.
I do, however, take your point. There is plenty of misinformation out there about this topic [and just about anything else you care to look up].
Moral is to be very careful with internet research;
•Don't believe everything you read
•Try to find trustworthy sources
•A good grasp of correct spelling and grammar is an asset for recognising biased opinions. Don't ask me why but there seems to be a high correlation (just like with spam and phishing emails).
•And, phrasing can be a clue -"The true facts about..." is a flag for me to peruse following content with a very cynical eye. |
| | Forum: Coins, Bank Notes, and Paper Money: Australia, New Zealand, & South Pacific (Oceania) |
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| Is This A Fake 1925 Penny?
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Jeff
Pillar of the Community
Australia
877 Posts |
Posted 11/20/2013 03:57 am
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I'm not sure where this is discussed elsewhere but, do a search on eBay. The Chinese are openly selling the fakes there as replica coins.
I bought some 1930 and 1937(!) pennies a few years ago to have a look at them. They cost me $7.50 each, including postage from Hong Kong. The listing showed them stamped as copies but the ones received were not stamped.
And it is not just Australian coins...US, Canada, New Zealand etc. Any really high value coins they counterfeit. Thankfully they usually don't get them quite right but (and this is scary) they are getting better. Mostly they can be picked by weighing them, especially "silver" coins which are well under genuine weight. Often they have mismatched reverse and obverse.
Plenty of mentions of these in this forum so use the "Search" option and you are sure to find much discussion about them. |
| | Forum: Coins, Bank Notes, and Paper Money: Australia, New Zealand, & South Pacific (Oceania) |
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