Nifty
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Posts: 5,016
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Post by Nifty on Dec 30, 2023 11:53:31 GMT 1
Or a waste of space
trouble with posting link, but, the blurb claims
In 1953 the Royal Mint issued new coins for the new Queen, Elizabeth II. But the legend was different from all the coins that were to come, so that the 1953 coins and the Farthing in particular are one year type coins. This is important because there were only 4 dates of Elizabeth II Farthings ever issued, 1956 being the last date of issue. Because the 1953 Coronation Farthing is a one year type, it is also the most difficult one to get in Brilliant Uncirculated condition. We bought a group that had been put away in 1953, some 65 years ago and had lain undisturbed until now. Add a one year type, 1953 Coronation Farthing in Brilliant Uncirculated to your collection, they are not easy to get.
current asking price £8.95.
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Aardvark
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Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on Dec 30, 2023 12:05:04 GMT 1
I wouldn't make any early retirement plans just yet.
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mysty
Member
Posts: 1,293
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Post by mysty on Dec 30, 2023 12:13:20 GMT 1
If its some kind of coin company then if it was such a good investment they would keep them and not look at selling them. Then again who would have thought if you bought some shares in Apple back in the day you would not be paffing about on here but on your mega ship with helipad and a good looking younger model sunning yourself somewhere warm.
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suein56
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Southern Morbihan 56 Brittany
Posts: 7,519
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Post by suein56 on Dec 30, 2023 12:30:50 GMT 1
Edit : I see it isn't as the farthing in my link is only £4.95 .. plus postage.
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exile
Member
Massif Central
Posts: 2,686
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Post by exile on Dec 30, 2023 13:52:35 GMT 1
Collecting (even individual items) as an investment is a mugs game unless you absolutely know what you are doing and quite probably have very deep pockets -pockets that you need to be prepared to be emptied. Alternatively you need to be a dealer in collection items.
Fads change and with them the value of collections. Once upon a time stamp collecting was the thing and while many hoped to find one of those rare misprints worth even then 6 figure numbers, that was well beyond the average collector. They were encouraged to specialise - stamps from one country or first day covers (stamps postmarked with the day of issue). For a number of years such collections could be seen to have increased in value. Today many of those collections are worth less than the face value of the stamps. Philately has largely gone out of fashion and while the truly rare items still have large value, more mundane collections are close to worthless.
Some fine wine collections have similarly gone down the tubes.
My own collection of modem railway items* shows how easy it is to fail to make money as an investment. (* I don't look on it as a collection but rather models purchased or made for my projects but I am sure that anyone else would see it as a collection.) I have models that have increased greatly in cash value should I chose to sell them. I have models that within a few weeks of purchase could have been sold for several times the price I paid. The manufacturer failed to judge the demand leaving some disappointed modellers/collectors trying to outbid one another to get the model. And when I say collector, there are genuine collectors out there searching for the pristine model, ideally still in its unopened box. I have seen the price of such high value models drift downwards as the demand from the relatively small number of disappointed modellers is sated or the desire for such models changes as tastes change over time. I have seen the value of such models fall off a cliff as a manufacturer determines that there is true demand still for his model and reissues the model.
So my advice is if you want to collect for pleasure then enjoy. It can bring enormous personal pleasure; but if you want to invest by collecting, then you had better know exactly what you are doing. And if you rely on a newspaper or internet article to advise you, you probably don't know what you are doing.
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Nifty
Member
Posts: 5,016
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Post by Nifty on Dec 30, 2023 14:50:15 GMT 1
Edit : I see it isn't as the farthing in my link is only £4.95 .. plus postage. Thanks Sue. That was the one. Looks like the bottom is falling out of the market I don’t collect as such. Merely seems that I must be a compulsive hoarder. I blame my parents.
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Aardvark
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Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on Dec 30, 2023 16:37:28 GMT 1
The very last thing you should want to buy is any item that is touted as being an "investment" or numbered "limited edition", etc. They are generally seriously overpriced to start with and are unlikely to be any more successful in investment potential than something that is old enough and in perfect condition. For example, an old enamelled sign, a teddy bear, or a nicely engraved snuff box. Pretty much anything that is in as new condition if kept long enough will have a decent market value, but the cost of careful storage over the required period of time will erode its value. Most of the really valuable items have been left in attics and spare rooms of the rich who never have to sell the family home for generations. These days we all end up relocating so many times during our lives that very little is kept for long enough to become valuable. I could retire to the Caribbean if I had been able to keep some of the things I have owned until today.
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