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PoppyHunter's Last 20 Posts
| Considering Going Digital
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PoppyHunter
New Member
Australia
20 Posts |
 Posted 03/01/2024 09:01 am
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So the total mintage here continues to remain the same at 21 million worldwide. Price is now at 90k AUD per digital coin and has surpassed the yearly appreciation of the legendary $2 mars coin (which I still do not have btw).
Give me your arguments against point 1 - 4 from the original post why we shouldn't all be collecting the digitized bitcoin. I would like to add a 5th point, and that is that no serious coin collection will be complete without one of the world's first digital coin ever issued, of which there will only ever be 21 million.
Who thinks (or hopes), perhaps in the future, the RAM will release a digitized Red Poppy? I like to speculate, and it may be a sad turn of events for some, that the day will come where this happens. Trapped into a never-ending abyss of seeking digitized coins of relics from the past. |
| | Forum: Coins, Bank Notes, and Paper Money: Australia, New Zealand, & South Pacific (Oceania) |
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| Considering Going Digital
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PoppyHunter
New Member
Australia
20 Posts |
Posted 10/14/2023 09:00 am
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I am curious to know the percentage here of physical coin collectors who also have or thought about collecting digital coins, specifically the bitcoin. Is there some way to do a poll?
I make the following points on this digital coin in comparison to physical fiat coins:
1. Limited mintage of 21 million of which 19.5 million have been issued. Unlike what the RAM may do, there is no expansion or printing of additional mintage a year or two or ten down the track. The supply is mathematically fixed.
2. Worldwide usage and demand. Unlike Australian coins limited mostly to 25 million customers, digital is worldwide.
3. Durability. Unlike physical coinage which may corrode or degrade overtime, the digital coin remains at a pure eternal grade.
4. Decentralized and secure. Unlike gold coins for instance, the government would find it very difficult to physically seize like what happened to gold. Going on 14 years now, it doesn't like it will disappear.
So, please tell me why I should not buy 1 bitcoin. At ~$40,000 AUD each, it seems like a bargain compared to the Mars coin.
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| | Forum: Coins, Bank Notes, and Paper Money: Australia, New Zealand, & South Pacific (Oceania) |
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| The 2022 $2 Remembrance Day Coin
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PoppyHunter
New Member
Australia
20 Posts |
Posted 11/28/2022 06:21 am
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Was not successful personally in the ballot.
Say everyone who had the chance took 3 poppy coins. With a mintage of 60,000, that is 20,000 customers. Now say 5% went to Aus Post, 10% to dealers and 25% to the mintshop & phone lines, that leaves only 12,000 customers who can win the ballot. Not sure how many active collectors there are but let's say it's 0.5% of the 25 million population, meaning 125,000. Hence, about a 1 in 10 chance. All these numbers are purely a guess. There will be a lot who have missed out.
Edit: "Legends program is the Mint's loyalty reward program... bringing membership to 104,754" from 21/22 annual report. |
| | Forum: Commemoratives and Non-Circulating Coinage (NCLT): Australia, New Zealand, & South Pacific (Oceania) |
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| Concentration Of Red Poppies And Coronations In Each Australian City Found By Noodlers?
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PoppyHunter
New Member
Australia
20 Posts |
Posted 08/30/2022 09:28 am
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How exactly does distribution of coins from the mint work and is this published anywhere? e.g. Do they go to each capital city in the first instance or only to certain cities?
Anecdotally, I find myself in Victoria over the last month and have found numerous firefighter $2 coins, lots of 2016 Olympics and several Flanders Field, plus a green dove. Interestingly, have found no honey bee, no 75th anniversary ww2 and no 2021 indigenous coin. In QLD, have found in last few months heaps of honey bees, 2021 indigenous and ww2 but never a firefighter or Flanders Field. It seems very geographically localised as to what one finds. |
| | Forum: Coins, Bank Notes, and Paper Money: Australia, New Zealand, & South Pacific (Oceania) |
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