How Much Is A Recent Rarity Worth?

[Sword]

Just an Idle thought. When the 2012 50pence coins were made, 2 examples of each design (29 designs in total) were produced in gold. One was given to the artist and the other to the Royal Mint museum.

In the not so long future, they will surely come onto the market. How much do you think each coin will sell for?

For me, the insane number of commenorative coins produced by the Royal Mint in the last 2 decades has put me right off in collecting anything recent. I don't find the idea of owning a gold 2012 50pence exciting even if it is the only example available to the public. Still, I am sure some collectors will love the idea of owning a practically unique coin!

[Peter]

Interesting point but how many 50p collectors have ever spent more than a few £ on their quarry.

If I had a gold one the value to me would be BV.

I would never probably look at it again.

[Accumulator]

I'm always amazed at how many olympic torches have appeared on eBay. Hundreds of them. Personally I'd hang on to something like that, but I suppose needs must! On that basis, I'm sure some of these 50p's will appear over time. Just a guess… £5k? Then again, get it slabbed MS70 and sell it as unique through Heritage to a US investor/collector, probably for £20k+!

Edited January 15, 2014 by Accumulator

[TomGoodheart]

I agree with Peter in that I imagine the sorts of people who collect modern decimal issues probably aren't used to spending the sort of money that you'd need to collect patterns, proofs and specimen coins (or whichever category a gold 50p would come under).

Most likely it would do best being slabbed and sold in the US to someone who collects modern gold commemoratives.

Price? Well, I've no idea how much interest there would be in such an items, so it's difficult to say quite what it might make.

[Nicholas]

I've always thought that it takes 2 generations for rarity through age of a coin to kick in. For example, if my grandpa who as a young man in the 1910-20s had kept any coin in his pocket that was BU (straight from the bank) would be a valuable coin here in Australia (say at least 1000 AUD).

Only a handful of modern rarities in my lifetime( or near enough) have escalated example 1955 Perth proof penny .. The rest boring

[AardHawk]

the sorts of people who collect modern decimal issues

Very condescending, as opposed to those of low self esteem who bolster their self importance by talking about how much money they spend buying and selling coins to the hoi polloi.

[Accumulator]

the sorts of people who collect modern decimal issues

Very condescending, as opposed to those of low self esteem who bolster their self importance by talking about how much money they spend buying and selling coins to the hoi polloi.

Not sure why you think that was a condescending statement, especially as you posted this just a week ago:

Posted A week ago

What part of their operation is loosing money? Minting circulation coinage or all the collector crap. They have about 1000 employees. I cant believe that they need that many to actually man few automated presses, so its probably 100 pleb workers and 900 project manages. Before you know it they'll be off shoring the oily bits and expanding senior management.

Equally, I'm not aware of anyone 'bolstering their self importance' or referring to the 'hoi polloi'. If you have something to say about the collectors who regularly visit this forum, let's hear it in full?

Edited January 16, 2014 by Accumulator

[TomGoodheart]

the sorts of people who collect modern decimal issues

Very condescending, as opposed to those of low self esteem who bolster their self importance by talking about how much money they spend buying and selling coins to the hoi polloi.

LOL I was just thinking of my colleagues at work and the kids at my wife's school who picked the Olympic design 50ps from change AardHawk. Unless over time they start to get into the hobby I don't suppose many of them would consider actually buying a coin they can find or swap. They aren't any less coin collectors than I am for that. But it is a different aspect to the hobby from the one many here pursue.

I'm assuming a near-unique specimen gold 50p will command a decent price. And was just questioning what sort of collector might think it worthwhile to pay it ...

Edited January 16, 2014 by TomGoodheart

[davidrj]

Remember that only folk over the age of 50 have any memory of UK coins other than decimal, there is a collector base of folk who scan their change, rather than/as well, as buying RM year sets.

[Peckris]

Remember that only folk over the age of 50 have any memory of UK coins other than decimal, there is a collector base of folk who scan their change, rather than/as well, as buying RM year sets.

... apart of course from those who saw tanners up until 1980, shillings up until 1990, and florins up until 1992 - not to mention the odd halfpenny being palmed for a 2p!

[TomGoodheart]

Remember that only folk over the age of 50 have any memory of UK coins other than decimal, there is a collector base of folk who scan their change, rather than/as well, as buying RM year sets.

... apart of course from those who saw tanners up until 1980, shillings up until 1990, and florins up until 1992 - not to mention the odd halfpenny being palmed for a 2p!

???????

:lol: :lol:

Edited January 16, 2014 by TomGoodheart

[Peckris]

Remember that only folk over the age of 50 have any memory of UK coins other than decimal, there is a collector base of folk who scan their change, rather than/as well, as buying RM year sets.

... apart of course from those who saw tanners up until 1980, shillings up until 1990, and florins up until 1992 - not to mention the odd halfpenny being palmed for a 2p!

???????

:lol: :lol:

That is NOT a halfpenny - it's a half pee (you know, the thing you have when you've been in Yates's and you're half pissed )

[Sword]

Just a thought. If there are collectors in say the US prepared to pay £20k for such a coin, then the Royal mint should consider making a single gold specimen of all the coins they produce each year. Price these "unique coins" at £10K each and they will make several hundred thousands a year!

[Peckris]

Just a thought. If there are collectors in say the US prepared to pay £20k for such a coin, then the Royal mint should consider making a single gold specimen of all the coins they produce each year. Price these "unique coins" at £10K each and they will make several hundred thousands a year!

Don't encourage them!

[VickySilver]

I like to call these "created rarities", and are quite contrived which on some US chat boards they have NO problem with. Amazing!

[Garrett]

I am not interested in these "created rarities".

I have no problem with them though, as they may attract some to the hobby, and of course they attract a lot of money that might otherwise push the price up on the older bits we are interested in.

cheers

Garrett.

[copper123]

How much is a recent royal mint created rarity worth?

As much as someone is prepared to pay for it i would think.

[copper123]

Funny enough the 1989 sovereign was a recent created rarity and has become the only really popular recent rarity wanted by coin collectors if you discount the mule 20p that is

[Rob]

Funny enough the 1989 sovereign was a recent created rarity and has become the only really popular recent rarity wanted by coin collectors if you discount the mule 20p that is

I had to get one example of the design, because it is the only one done by Bernard Sindall to date. I ended up with a half sovereign because that was the first example I saw, but any denomination would have done. It ticks a few different boxes for people, not least is that it is different.

[Gary D]

I like to call these "created rarities", and are quite contrived which on some US chat boards they have NO problem with. Amazing!

But history is covered with created rarities, take the Wreath crowns, VIP mintage etc.

[Peckris]

I like to call these "created rarities", and are quite contrived which on some US chat boards they have NO problem with. Amazing!

But history is covered with created rarities, take the Wreath crowns, VIP mintage etc.

You can't really call either of those 'created rarities' - the Wreath crowns were produced on demand (following the 1927 proof set) as they were popular among collectors and weren't available in any other form, and the VIP sets were produced for special occasions or particular dignitaries, not to sell. I can't think of a single pre-decimal 'created rarity' as such?

[davidrj]

. I can't think of a single pre-decimal 'created rarity' as such?

Boulton restrikes?

[TomGoodheart]

. I can't think of a single pre-decimal 'created rarity' as such?

Boulton restrikes?

And I think you could add to that the Dutch restrikes of Cromwellian coins and Victorian fantasies, which may include some of the Civil War coins like the Fortuna Resurgam pieces. Made because there was a collector demand for them.

[Peckris]

. I can't think of a single pre-decimal 'created rarity' as such?

Boulton restrikes?

Hmm, those - and the history behind the said Taylor - are worthy of a book in their own right. But I thought we were talking about the Royal Mint? So Taylor restrikes, by definition, wouldn't count.

[Mr T]

I'd say the low to mid thousands of dollars (or pounds), unless off-metal strikes are more popular than I think they are.

Is collecting decimals much less popular than collecting predecimals though? It's hard to say as this board is obviously focussed on the predecimal side of things.