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Paulus

Penny Acquisition of the week

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Sorry if this is a daft question.......probably :)

Looking at Pennies 1961-67.

Why is the 1961 harder to find  and more expensive ?.

I know we are not talking hundreds :D but still a big difference in dealers selling other years for £1 and  the 1961 for £5.

Maybe as mentioned a daft question but ........?

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26 minutes ago, PWA 1967 said:

Sorry if this is a daft question.......probably :)

Looking at Pennies 1961-67.

Why is the 1961 harder to find  and more expensive ?.

I know we are not talking hundreds :D but still a big difference in dealers selling other years for £1 and  the 1961 for £5.

Maybe as mentioned a daft question but ........?

Two principal reasons:-

1/ Mintages

1961 - 48,313,400

1962 - 148,308,600

1963 - 125,235,600

1964 - 153, 294,000

1965 - 121,310,400

1966 - 165,739,200  

1967 - 654,564,000

2/ I bought some old coin monthly mags from the late 1960's and early 1970's, off Rob a couple or so years back, and the late 60's was very much a boom time for the coin market. It was obvious from looking at some of the dealer ads, that dealers had bought many mint rolls of mainly later into the 60's pennies, such as 1967, and were offering them for sale to the public. 

I reckon a combination of the two points above is pretty much why 1962 to 1967, is cheaper than the 1961. There are fewer 1961 pennies available in BU, than the other years, especially 1967 itself.  

 

Edited by 1949threepence
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Thanks Mike.

I had assumed it must of been to do with the mintage numbers.

So i need to look for a mint roll of 1961 as £5 each seamed steep :)

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9 minutes ago, PWA 1967 said:

Thanks Mike.

I had assumed it must of been to do with the mintage numbers.

So i need to look for a mint roll of 1961 as £5 each seamed steep :)

I think £5 is a bit steep, Pete. My 2014 coin yearbook (admittedly 2 years out of date), has an UNC 1961 at £2, 1962 to 1966 at £0.50, and the 1967 with a dash through it. Can't think that much would have changed for that particular cohort in the time elapsed since then.   

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If I have any in stock they usually go in at £3, reducing for the others

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4 hours ago, PWA 1967 said:

Just been looking on ebay Mike :o

Don't be ripped off, Pete. I know it's a trivial sum, but it's the principle of the thing.   

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1961 are rare because all the boys born in that year had large Penis's and could put many of them under their foreskins.....that is why I collect farthings :rolleyes:...61 boy here.:)

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Bit much information there, I should say. Don't recall coins being collected in that manner previously....

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11 hours ago, Peter said:

1961 are rare because all the boys born in that year had large Penis's and could put many of them under their foreskins.....that is why I collect farthings :rolleyes:...61 boy here.:)

I was born in 1967 so just been trying with one of them.

The wife just asked me what i was doing...........:P

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7 hours ago, PWA 1967 said:

I was born in 1967 so just been trying with one of them.

The wife just asked me what i was doing...........:P

At least you didn't try putting them in the meter

 

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1 hour ago, Rob said:

At least you didn't try putting them in the meter

 

I've seen one of those meters. It was a gas meter used in the 1960's, I believe. Took shillings, which you inserted and then turned a lever clockwise to drop the coin into the machine itself. 

Might explain some of the edge knocks on shillings.  

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22 hours ago, PWA 1967 said:

I was born in 1967 so just been trying with one of them.

The wife just asked me what i was doing...........:P

I was born in 54, wish I could remember where I put the mint roll of them.

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14 hours ago, 1949threepence said:

I've seen one of those meters. It was a gas meter used in the 1960's, I believe. Took shillings, which you inserted and then turned a lever clockwise to drop the coin into the machine itself. 

Might explain some of the edge knocks on shillings.  

We didn’t have gas at our home in the 60s but I recall we had APM SMITH’s electricity meters, which took a florin :)

 

 

 

Edited by jacinbox
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We also had a Radio Rentals TV that took Fifty pence pieces

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Isle of Man 1798 1d (3).jpg

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51 minutes ago, mrbadexample said:

Isle of Man 1798 1d (3).jpg

Nice one, Jon. The Isle of Man have obviously been using the Triskelion for a very long time. 

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1 minute ago, 1949threepence said:

Nice one, Jon. The Isle of Man have obviously been using the Triskelion for a very long time. 

Think I read somewhere recently that it's since about 1280 or so. Could be wrong mind. :)

 

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Looks a good error Jon.....Three legs and not got a head.....HAT OFF :P

Joking aside nice group of coins although i dont know anything about them B)

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6 minutes ago, PWA 1967 said:

Looks a good error Jon.....Three legs and not got a head.....HAT OFF :P

Joking aside nice group of coins although i dont know anything about them B)

I hadn't spotted that Pete, I was focusing on the V for U in GEORGIVS. :D

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Not a lot for me recently, but pleased with the 1913 F175 from the Midland, and a £10 penny from Ebay that arrived today, rather worn and with a lamination flaw to the base of the bust, but I think a BP1860V with the narrow colon.

Jerry

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On 10/10/2016 at 6:24 AM, Gary1000 said:

I was born in 54, wish I could remember where I put the mint roll of them.

Born in 1952 myself....

I misplaced my complete date BU roll set of that year.....  

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Jealous of that F175 Jerry...

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47 minutes ago, PWA 1967 said:

Well spotted again Jerry ;) 

The F175 is hard to find HAT OFF.

The more i think about it ....i dont have a clue how you spot them.

Your brain must be sharp to notice all these at a show..........The 1913 at a show there must be loads,and need to check them which takes time unless your only after one or two coins.....i.e That particular one F175 would only take a glance..........but only if you want one :)

Is it your only looking for a couple now .

I would think i knew indicators for coins i was missing but you must spend hours trying to find something a dealer wasnt bothered about / missed at a show .

:o

Jerry whats the secret or do you walk round with a book or notes :o list of indicators ?.

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