Week 7 in our new home and week 8 completed at my new job. I'll post on that soonish, but this one is about the noodle.
I simply haven't had the cash nor the chance to get much in the way of noodling potential happening recently, but I have done a bit here and there. Actually one of the more interesting things I have done is shown below, which is fingering through my big jar of foreign coins. It actually turned out that I had a pre-decimal silver and two 1966 round 50c coins in there too, so I was chuffed about that.
Rule of Thumb: NEVER noodle, at least until you know the mintages intimately, without the RAM mintage page open in front of you.
I should be following that rule more closely - recently I started keeping all commemorative $1 coins as I saw most were selling on eBay. So I posted one lot and in a week have had no views at all - people just aren't after it. So I looked back at the RAM site and saw it has a mintage of 10 million. Not super high, but not low at all either. Looking at ebay again, yes there have been a few sell, but I have to ask myself, what is my cutoff? I am going to rate the mintages and check it out - I have been put off by having to keep 50% of my bloody coins recently, I do not want to do that.
So I am going to go through them all and cull the ones that don't seem to hold value. Here we go...
1986 IYOP - 25M, hardly any circulated coins on Ebay sold, will ignore. $9 saved.
2009 Pension - 21M, a few sold but not many, I find a heap online, will ignore, $14 saved.
2005 Peace - 34M, someone sold one for $4 including postage and it was beat to shit. A few others around the $1-2 mark. Might be dodgy. Not keen, ignore. $12 saved.
1988 Bicentennial, I saved one of these originally, for the RIGHT reason - it was in almost flawless condition. At 21M mintage, again it's just not rare enough in circulated condition to make money from, so ignore and save $4.
1993 Landcare, 18M, even decent ones are not selling for much, ignore, $5 saved.
Ok, now for a biggie. When I was originally compiling my list of $1 coins to keep, I decided to keep the Scouts and Girl Guides coins because they seemed to be decent sellers. But, knowing what I know now (and seeing how PJ in particular does it), let's check out the mintages and actual sales:
Scouts 2008, 17M, not at all scarce, on Ebay same guy with his 2.50+1.50 is there, as is the 2+1 guy. But not a whole lot. I'm going to can this one too. Saving is..... wait for it..... $25. Yeah. Sure it would have been nice to make a percentage on that 25 bucks, but it just wasn't going to happen, at least not in a reasonable timeframe and not without a shitload of effort for borderline coins. No thanks.
So, given that, what about the Guides? 2010, 12.6M, so a bit rarer, but still not scarce at all. The usual suspects are on ebay, I'm becoming more and more suspicious about those guys. So we'll discard these too, and save $20. Badda Bing, Badda Boom. That's a big wad, those two together. I ain't done yet.
Next is my least favourite $1, the Parkes coin. It just looks poorly conceived to me I'm afraid, but I'm no artist. Usual suspects online, same crap, 26.6M mintage. Discard, save $9. Haha, it may seem like I don't want to noodle anymore, but that's the opposite - I just want to noodle value, treasure hunt, and do it for fun and maybe profit. Not as a chore.
1999 Older People, 1997 Kingsford-Smith, both gone too. 2002 Outback aswell. $18 more back in the bank.
AHA! My first keeper - 2001 Year of Volunteers. Only 6M mintage, which is reasonably low, so I'll hang onto these for now and see how I go with them. Next keep is 2003 Making a Difference, 4.1M and a keeper.
Looking at the only listing I had done, the Women's Suffrage one, I now feel it is in the same boat, so there's another $11 back in my kick. 2007 APEC too, $9 thanks.
2011 CHOGM, 9.4M is getting there. I only have one so will hang onto it for now.
By the way, I am not going to be making sets of all these coins. I am not collecting circulated coins for numismatic purposes, purely for making money. The collecting is for either stacking precious metal or collecting valuable numismatic coins and other metal objects.
So we have now gone through the list and have saved a heap. Plus my stash now looks far more reasonable. Happy with that.
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