1966 coins

[Brad Goodman]

Will coins from 1966 (besides the round 50c piece) ever be worth more than their face value?

I have 2 20 cent coins from 1966, any point hanging onto them?

 

[Qsaint]

Will coins from 1966 (besides the round 50c piece) ever be worth more than their face value?

I have 2 20 cent coins from 1966, any point hanging onto them?

Coins and stamps as an investment have not been doing well for the last 10 plus years


Having said that its all about condition it your coins have been in circulation it doubtful you will ever make much above face value

 

[Lyyynnnchy]

I had a round 50c piece and used it to pay for some McDonalds? Im starting to think that was not such a good idea?

 

[bigpapagman]

probably not, no.

 

[Murray]

I'll give you 30 cents for the lot

 

[rocker_oz33]

what about the bradman 20c pieces

 

[emuboy]

On the subject of Australian Currency, are old notes (such as the $1.00 & $2.00) still legal tender?

 

[clarkoscluster]

Yes they are

 

[BomberGal]

Yes they are

I was under the impression that it was rather illegal. Don't you have to trade them in at a bank to be worth anything as currency?

Also http://en.wikipedia.org/wiki/Coins_of_the_Australian_dollar for the OP.

 

[jefffff34]

My big scheme is to go to NZ, cash in all my money into NZ 20c coins, then pay for everything here with those NZ 20c coins that look pretty much the same, thus saving around a cent for every 20 cents that I am buying.

 

[jolimont]

My big scheme is to go to NZ, cash in all my money into NZ 20c coins, then pay for everything here with those NZ 20c coins that look pretty much the same, thus saving around a cent for every 20 cents that I am buying.

you'll lose out to agency fees

 

[ShearMagic9]

The $1 and $2 notes are still legal tender.

Wouldn't fancy your chances of using them somewhere though.

 

[jefffff34]

you'll lose out to agency fees

I didn't say it was a good scheme.

I can wait until the NZ stockmarket crashes.

 

[Sloth]

I had a round 50c piece and used it to pay for some McDonalds? Im starting to think that was not such a good idea?

meh they're still worth about 50c

 

[Howard Littlejohn]

Will coins from 1966 (besides the round 50c piece) ever be worth more than their face value?

I have 2 20 cent coins from 1966, any point hanging onto them?

Mostly not. Some 1985 coins might be eventually, because so few were minted. (Without checking, I think 10 and 20c might only have been released in packs and for general circulation.)
But they will need a few more decades on them, and to be in near perfect condition at the end of that. Let's face it, even 1911 coins aren't worth anything really unless in really good condition.

On the subject, I'm guessing half of BF's membership has never used a 1 or 2 cent piece in Australia. Amazing really.

 

[pickman]

Will coins from 1966 (besides the round 50c piece) ever be worth more than their face value?

I have 2 20 cent coins from 1966, any point hanging onto them?

The old round 50 cent piece was 80% silver so it's value changes with that of the movement of the silver price but at this stage have no great value on the collecters market due to the sheer number of them still in existance.

For a 1966 20c you could get around $50 for an uncirculated coin, anything less the top condition then you are not looking at much.

On the subject of Australian Currency, are old notes (such as the $1.00 & $2.00) still legal tender?

Yes they are and as such can't be refused if you hand one over at a bank or at a shop.