The Current State of Collecting Coloured $2 Coins // Your Opinion is Important!

We're entering a fascinating time in collecting coloured $2 coins in Australia and I thought it was time to make a video discussing some of the opinions that are currently going around and would love to know your thoughts on where you see the market heading and how you feel as a collector.
Thanks for watching and for a wide range of coins, banknotes and other collectables come on down to www.ThompsonsCoins.com

[@send2georgie_S2G]

Great info shared Matt! Agree! Flippers are spoiling coin collecting for the rest of us. Cheers ✌🏻😊

[@ThompsonsCoins]

Thanks for watching! Hopefully it doesn't become any more of an issue than it already is, fingers crossed! 😄

[@chadwalton970]

Matts a flipper

[@roxysdadstacking9968]

Yes I agree that flippers are getting some seasoned collectors to stop as it’s harder for the average collector to purchase at the inflated RRP to an exorbitant secondary market price so they don’t want to collect at those prices.

[@kaynefryday6637]

So true , it wrecked it for me for sure . Stacking and collecting silver coins / rounds is so much more rewarding .

[@convoyconvoyconvoy]

@@kaynefryday6637 sell your collection to me, ill buy it for 20% rrp. either that or get in there and buy second hand like the rest of us and stop crying

[@roxysdadstacking9968]

@@kaynefryday6637 me personally I’m more of a stacker with a hint of collecting but even those small mintage coins are getting harder to get . But you’ve just got to try if you win you win if you miss out then theirs always a new coin to look out for like the mother and baby on Monday.

[@ThompsonsCoins]

@@kaynefryday6637 The most important thing is that you're enjoying collecting, regardless of how you go about it 😊

[@PhilFindsCollects]

Hi Matt, Great video with a really topical subject and something that is close to my heart. I started out collecting Royal Australian Mint product in the 80s, had a bit of a break and then got back into it five or so years ago. I try not to think of myself as a completionist but like anyone who accumulates any sort of series would love to see their collection completed. Unlike back in the day, when you would have to wait for annual releases or occasionally quarterly Mint product there is so much more product being released at the moment, it can be significantly hard to make sure you get everything. New collectors to the hobby come in with a significant backlog to attempt to collect and I feel like as new products come out the fear of missing out or FOMO is a mental challenge that the flippers take advantage of. The majority of my time collecting is spent noodling through old coins and that brings me significant joy and enough challenge to keep me really interested in the hobby. I want to keep this hobby for a long time so I do not have a great sense of urgency to complete everything as quickly as I can, but at the same time I want to be able to pick new product up as it comes out. The frustration I feel is more centred around the fact that sometimes I have to pay a premium for older coins. I should be able to pick up new releases at recommended retail and not have to continue to pay a premium even for contemporary coins. That's a long winded way of saying although I'm happy with the community of genuine collectors at the moment there is frustration with the way the mint cannot assure it's long time and future customers are looked after. I thank you for all your efforts within the collecting community And I enjoy all the soulful commentary you put behind all of your videos.

[@freshoffthespace4369]

Agreed. Like Vietnam War Silver coins there are only 5,000 mintages. As collectors we should not complain the resale price is too high or it’s not fair if filppers use ‘bot’ or software to skip the queue system from mint website. The fact is that there are only less than 5,000 buyers having these coins 🪙. If you really need buy one then you pay whatever the price is 😅. It’s nothing different when people buy a property in auction. There could be many excuses for collectors exiting from coins market but pricing or missing one coin is not 😂. I believe dealers definitely make more profit than one time flippers and they hope the market is kept as hotter as possible 😊

[@ThompsonsCoins]

Thanks so much for sharing your thoughts and experience with collecting thus far Phil. It's great to hear that you are continuing to enjoy the great hobby and maintaining a positive presence in the community with your channel as well. I think with more people taking an optimistic and positive approach to the hobby we will be able to continue to grow the hobby and support newcomers who are wanting to participate in a productive way 😊

[@rickstevens8729]

Great video Matt, the most current "popular" releases has pretty much ended my love affair with coins and particularly $2 coloured. I live in a country vicotrian town without a coin dealer, I have bought regularly from a few different online shops which I won't mention names. At no time have I been able to get anywhere near the top of any preferred customer lists as I am a small collector, mint sets, proof sets, some pnc's and regular release purchaser of the less expensive coins. I have not been able to get any of the more recent releases at all. I go onto websites and within a minute of opening, SOLD OUT, the mint's own website is a debacle at best with these releases and th "BOTS" are the only winners out of the process they have taken. It only proves that the small, country loaction collector has NO CHANCE of getting "popular" coins and it is deflating at best and plainly uncaring about my kind of collecting. A sad state of affairs and I won't give the flippers my time or money (which appears to be the only method of getting these coins). Sad times for me

[@QuentinChristensen]

Matt, firstly I hope everything is good personally! I have to say, I'm pretty disappointed in both the mint and AusPost for how they handle new releases. They are the ones fuelling the flipper community, and yes that brings in "quick bucks" for them, but it hurts the hobby longer term, for all the reasons you outlined. I don't mind having limited releases, but if they're going to do that, I would like to see say a numbered, limited release of 3,000 of this piece, with a C mintmark, and then a general release, exactly the same, but unnumbered and no mintmark and either a very high mintage, or unlimited. That way, the people who want a Vietnam PNC because they served there for instance, can get one without stress, and at the same time, those who want the thrill of getting a really limited edition piece, can have their chance at one too. I don't mind the whole ballot idea, but I also don't know anyone who has actually got anything from them (either RAM or AusPost impressions).

[@ThompsonsCoins]

Thanks for commenting Quentin! I think that's a great idea and it would be refreshing to see more unlimited mintages being brought out with the intention of allowing all collectors to participate in collecting then adding a limited edition counterpart to fill that portion of the market.

[@peterj8278]

Appreciate your insights into the $2 coin market Matt, as a genuine collector I am continually frustrated on missing out on new releases, like the Vietnam coin and some PNC's due to the flippers, there also seems to be a distribution problem as my franchisee Post Office outlet, with whom I have a very good relationship with, has for the past 12 months, despite their best efforts as a regular purchaser of RAM, PM and Aussie Post products for many years, are either not having their orders filled or just receiving one item to sell, including PNC's, they are then stuck with the problem as to which one of their regular customers do they offer the item to, I think more needs to be done for genuine collectors, great to see you again in yesterday's BN live stream, always enjoy your content and friendly presentations. Cheers Peter J 😂👋🤪👍

[@ThompsonsCoins]

I know what you mean! It's very difficult for a distributor to effectively choose which collections they assist with in that sense. Hopefully we see an improvement in the coming months on that front 😊 Thanks for watching Peter!

[@livingadamman7994]

Matt, I thought that was your face in my feed, and sure enough you have your own chanel. Subscribed. Everythings doomed in the world Matt, except for our souls if we walk rightiously. May God Bless

[@ThompsonsCoins]

Thanks for watching and subscribing! I really appreciate the support ☺️

[@samanthacunningham2802]

I would like to say a huge thanks to you for putting coins aside for true collectors. I missed out on several coins and you let me know that I could buy 1 of each coin.

[@alan1340]

As Matt said make friends with your dealer :) Matt is my preferred coin dealer/broker, its what I would call a very good relationship and I cant recommend him highly enough. I think I chose well and I hope for you viewers it works out well too.

[@ThompsonsCoins]

Thanks for the kind words and support Alan! I'm glad you are enjoying the collecting journey! 😄

[@85inexact]

I'm not a coin collector but I have friends that do so I am aware of the space. As a neutral observer to this it seems like a clash between modern day side hustle practices and old school collectors. Not to be rude, there was a vacuum, its being filled, adapt or die.

[@ThompsonsCoins]

Thanks for your comment! It's great to hear from an observer in this space and there is an objective truth to your observation. What I think the collectors are hoping to achieve is a certain degree of fairness in their pursuits. It is indeed a fascinating time for the industry and hopefully it leads to a future of growth and enjoyment for everyone involved.

[@Seven-Seven-77]

As an avid $2 coin collector (and a self proclaimed consumerist) Iv had to heavily invest in technology to avoid disappointment. No doubt there is exponential growth in the hobby that I believe is ultimately positive, it’s only the sudden jolt growth that’s painful.

[@ThompsonsCoins]

Thanks so much for watching! I'm hopeful that the future will hold sustainable growth for all collectors ☺

[@davidaustrian9455]

It is becoming a case of, if you cannot beat the bots on the release day, you have to join them. Investing in bot software Is the way to go for the future. The ramint cannot combat the bots, they do not really care, they just want to sell out Their stock. You have made the smart move.

[@pre-decimalcoincollector1780]

Some good points! I'm personally not a fan of the coloured $2 coins. The Mint is going to keep making these until all profits have dried up and the oversupply of them will damage their future collectability.

[@ThompsonsCoins]

I hope you're not right but it does seem entirely possible at this stage that an oversupply could be on the cards down the line! Thanks for watching ☺️

[@VintageTimeGems]

Very good information Matt. Coin collecting should be fun .Usually when it comes to coins or stamps it's the either Australia Post or Australia Mint that usually shoot themselves in the foot as they always do. Unfortunately the flippers just add another less fun aspect to the hobby of collecting.

[@ThompsonsCoins]

Thanks for watching! It is disappointing but fortunately there's still so many older releases out there for much more affordable prices so hopefully people can still find something to take enjoyment from with collecting!

[@sticustom]

Ive be been a coin collector since the late 1960’s. I also stack silver and gold and I also collect Hot Wheels cars. We see scalpers ( you say flippers, we say scalpers) all the time in the Hot Wheels collecting scene and they are a detested section of the scene that most collectors hate. They are like locust, raping stores for all the stock of one particular model or set then on selling them for inflated prices. One example was that Hot Wheels last year produced their first HQ Monaro car. $8 was its rrp. Within days of release it was pulling over $120 per car and people we’re advertising them by the bucket load. Whilst most collectors couldn’t find one in a shop some sellers had 10 or 20 for sale. Most collectors said to the scalpers to gagf and refused to buy them at all. That price has now dropped to $40-$50 per unit and even then it’s a hard sell. By refusing to pay what the scalpers want is a step towards stopping them as they do not want their money held up in stock they can’t sell. The recent debacle with the Vietnam coin is another travesty. EBay had them for sale days prior to release. How could they know they were going to have stock? Easy, some were dealers keeping stock aside to sell at massive profits. I witnessed one dealer selling out in seconds upon release only to have stocks available again that night with inflated prices. I called them out on it but they never responded. ( The Dealer was NOT Thompson Coins). Now I see the $2 silver coin well over $1000 and climbing. So called coin collectors are also to blame. I’ve seen them complaining about not being able to get onto the RAM website etc etc only to see them a couple of weeks later selling what they got for inflated prices and some had stocks that far exceeded the limited placed by the RAM or most coin dealers. Obviously they are getting family to make accounts. I now am one coin short now for my collection. I will not pay what scalpers are asking and now I have to evaluate if it’s worth even continuing to collect $2 coins. Another thing is money is king. Whilst I look at my collection I know I have coins worth far more than I paid for them. I know I’d feel embarrassed if I asked for a grand for a set I paid $70 for yet I know if I didn’t I would be getting ripped off and someone would buy it and on sell it for it’s going rate. I have a lot of coins like that. Unfortunately we will never eradicate these scalpers and the actual coin collectors will suffer for it but it’s the same for ever collector of every collectible you can get.

[@ThompsonsCoins]

It's disappointing to hear that Hot Wheels collecting has also been impacted in that sense! I had no idea there was such high demand for them. When I worked in Sydney we had the first 50 Matchbox cars ever made come into stock and it was one of the more enjoyable window displays I put together for those! Thanks for sharing your experience with collecting too! 😊

[@rambosambo518]

I was into Bullion but got into coloured $2. But after getting screwed on Ebay with the $2 silver vietnam and waiting 12 hrs online for the release. I have lost the $2 vibe. So am going back to Bullion and leaving the craziness behind. I dont mind selling for profit etc but the cut throat sneaker crew lack of ethics have gone too far.

[@ThompsonsCoins]

Whether it's bullion or $2 coins, as long as you've got something that you collect and enjoy that's all I want for people ☺️🥳 Thanks for watching!

[@markwegner6821]

If the sound were turned off, your show could easily be a rationale on real estate, or horse racing. You consider all angles, and I guess that allows people to pick and choose what to do next. You didn't mention the changes that may happen from a change in the Royals.

[@mattivation_inc.]

Great video Matt. I’m a long term collector but we all still excited about new releases. Hoping to buy them at a fair & reasonable price, but yes, flippers really over-inflate the market. Let’s hope they move on.

[@ThompsonsCoins]

Thanks for watching Matt! It would certainly ease the current hype but I think it'll be a little while longer before things change unfortunately!

[@woody2822]

Just found you from the new Renniks catalogue. First video of yours I've watched. I enjoyed your content and discussion. I think the hype is good, it's attracted a new generation to coin collecting. In term of flippers I think we are already seeing push back from the buyer on eBay and FB in not giving in to the high prices, the prices seem to cool down quicker now after the release. More people are waiting for it to come down.

[@ThompsonsCoins]

Thanks for checking out the channel! I hope you enjoy the videos and I absolutely agree, the hype has brought quite a few new collectors into the market which I think is a great outcome overall 😊

[@lynettewade8195]

I love all coins have been collecting since I was a kid 😊

[@ThompsonsCoins]

Thanks for sharing Lynette! I hope you continue to enjoy the wonderful hobby ☺️

[@jamiefrost2091]

“What is a flipper “? Thought everyone knew, it’s a dolphin!!!! J. Keep up the passion, Matt!!

[@ThompsonsCoins]

Hahaha thanks for the insight Jamie!!! 😂

[@2B34ever]

I look forward to your vides Matt. I always learn something about the history, back stories, or current trends of the Australian coin market place.

[@ThompsonsCoins]

Thanks so much for the kind words Paul I am very glad to hear you are enjoying the videos!

[@roxysdadstacking9968]

I’ve been unable to buy new releases and have to just rely on noodling to get my coloured $2 coins. Great video Mat .

[@ThompsonsCoins]

Noodling is a great hobby to rely on for collecting which always ensures you don't blow your budget! Thanks for watching mate 😊

[@parkes198]

I have every two dollar coin released since the 1988 silver proof coin purely because I collect them for me, not for money or profit and one day I can pass them on to my kids to do with as they please. The only one I’m missing is the Mars set but after the absolute insanity of trying to get this years coin. I don’t know how much longer I’ll keep going with it because it’s gotten ridiculous now. It used to be much easier when the mint used to sell the bags of coins, instead of having to buy the special edition ones but now they don’t do that it’s so much harder for the rest of us who just want it for our personal collection.

[@ThompsonsCoins]

Thanks for watching Tara! The roadshows were a great way to keep up with the coloured $2 coins and I am hoping the mint will attend the ANDA shows again in the future to allow for people to exchange their coins for new bags ☺

[@peecee1384]

Question: Why did you not purchase the Planetary set when it was released? I risked my money and did so I feel like I kind-of earnt the windfall return :)

[@parkes198]

@@peecee1384 unfortunately we had some personal things going on which meant I just couldn’t afford it the $170 at the time as much as, I would’ve loved it. Just wasn’t meant to be. But as I said, I don’t do it for the money I do it just for the hobby so im not too worried.

[@WstAus1960]

For me after 30 years of collecting it's time to stop. What was once an enjoyable hobby is now an unpleasant, expensive and frustrating experience due the flip culture and the RAM unable or unwilling to stem the flow. Even dealers have joined into the craze it's frankly disappointing, and I have no longer the will or finance to continue my once loved hobby.

[@SilverGirlAu]

Great video and very topical theme... I am a pretty new collector and yes- am interested in coloured $2 too... among other things like bullion, Perth mint, NZ and UK mint coins, and even PNCs... I really disliked seeing what happened with the most recent release - it really feels like there were limits for some (and restrictions with the online queue and mint phone lines down) - and then to see other people pop up with boxes of them to sell at inflated prices was pretty disappointing... I also saw the hype in full swing on Facebook groups with standardised lines to promote why the new coins were so sought after, and negative comments in response to anyone who had a negative comment on their behaviours... it actually felt like a cartel running it... I heard of many people who bought off eBay on the first days only to have those orders cancelled and the item relisted at a higher price... so dodgy sales practices also... But the worst thing I saw is that some people paid those inflated prices and supported the scalpers... which basically just reinforces that it is a profitable enterprise for scalpers and ensures that they will continue to hang around for future new releases... Lucky there are so many other things to collect! 😂

[@ThompsonsCoins]

Thanks for watching Maddi and for sharing your experience! It's certainly becoming a very hot topic in the industry and I absolutely agree with you in saying that there are many other things to collect! 😊

[@johnmitchelltaus]

I had a break from collecting for about 20 years but in my retirement have found the hobby again. My, things have changed. I love the coloured coins, but there are some ridiculous prices out there. Plus, as everyone knows the newer coins are nearly impossible to get, you wait all day in the queue only to be told they are out of stock. So yes, I have become one of those flippers but only to fund my hobby, not for profit. If I find a bargain that I am really not interested in, or I manage to get two of what I was after, I will sell it on for a profit and reinvest in something I want for my collection. I think maybe one solution is to limit each customer to one-coin purchase and if there are any leftovers, open slather. I also do a bit of noodling, it's amazing what you can find in those bags or rolls of coins sometimes.

[@ThompsonsCoins]

Thanks for sharing your collecting story John! It sounds like you're taking a very pragmatic approach which is always great to see. I'll never cease to be astounded by what some lucky Noodlers are able to find in their hunts!

[@6ftstickinsect]

Started collecting with the coloured coins, moved onto low montage decimal then into predecimal, now I find myself looking at silver/gold and sets. Some of The coloured $2 coins I have, have been thrown back into circulation as I now find the older predecimal coins way more fascinating. It’s an ever evolving hobby 😂❤

[@ThompsonsCoins]

That's an excellent evolution of your collecting hobby! I'm glad to hear you're enjoying the predecimal area 😄

[@williamdavis3578]

Nice to see you back Matt ... in canada we have colored coins of all denominations ... I love them ... flippers make it expensive to be a collector. But its coin shops to ... we had a 2 $ colored I got 4 at $5 (in a flip) each ... other coin shops they are $9 each ... Ebay $12 ... pays to make friends with your lcs

[@ThompsonsCoins]

Thanks for watching William I hope you are well :) You're absolutely right, depending on where you are looking to build up your collection it can become a very expensive hobby!

[@williamdavis3578]

@@ThompsonsCoins I am more a generational wealth collectiom with coins and more ... when my grandson is retiring the coins and more will be 5 generations old

[@melbournestacker]

Welcome back mate!!

[@ThompsonsCoins]

Thanks for watching!! 😊

[@wisey95]

I dont have any luck with the mint releases as the website seems to play up when its about my turn in the queue every time. I find the 1 dollar privy marked coins mint mark coins etc to be very cheap compared to 2 dollar coins. Pnc s are high risk investment wise as most seem to lose a bit of value. Luckily im a collector so if i like em i still get em. I hope new collectors start looking at pre decimal stuff as well .

[@ThompsonsCoins]

Thanks for watching Wisey! I couldn't agree more, the pre decimal market seems to be massively overlooked in that sense and there are some incredibly rare coins which are available at much lower prices than some of the hot $2 coins. I'm glad to hear you're sticking to whatever you like with your collection too!

[@iansmith4805]

Great video mate , started collecting $2 not to flip but to enjoy and now the wife is more addicted than me

[@ThompsonsCoins]

Thanks for watching Ian that's great to hear your wife has become a collector too!

[@roamingalone5226]

Nice word Matt good to see you back! I am too $2 coloured coins collector but not actively though.

[@ThompsonsCoins]

Thanks for watching! I think there's quite a few $2 collectors who are currently taking a breather for a little bit!

[@SomeNewKid]

Another great video, and I agree with the pros and cons you've suggested. I would add the con that some dealers don't sell at RRP, and instead join the flippers in going straight to eBay to sell at elevated prices. While I know that's not a breach of their dealer agreement with RAM, it nonetheless contributes to genuine collectors missing out on buying new coins at RRP, and therefore harms the genuine coin collecting community. Separately, I enjoy watching your video and KZbin skills increase through experimentation. Personally I would suggest not using "stock videos". They don't add anything of value, their incongruence can take the viewer "out" of the video, and they detract from the intimacy of watching you present. Anyway, that's one person's feedback about stock videos, for whatever it's worth (surely less than a 1988 HH $2 coin, haha). Thanks for the video!

[@ThompsonsCoins]

I can certainly see how dealers putting their entire allocation straight up on eBay can be massively problematic for collectors and I imagine those dealers are perhaps not as focused on modern coin collectors as some others. I appreciate the kind words and if I am completely honest with you, I film all of my videos in one take and there are times where I'll scratch my nose or something and I found that putting a video avoid disruption to the flow worked reasonably well for me 🤣 that's how it started and now from time to time I just sprinkle them in to break up the monotony of my various hand gestures. I'll certainly keep it in mind for future videos of this nature though!

[@SomeNewKid]

@@ThompsonsCoins , now, if one of your videos switches to a stock clip, I'll wonder if you scratched your nose. And thanks for the insight into how you film your videos-though I suspected "one long session" due to the common backgrounds, such as your back yard and the park bench. Love your videos and, having bought quite a few coins from you now, really appreciate Thompsons Coins!

[@keepitscalestupid]

I personally don't like any over colored coins , if it's kept subtle I find it especially appealing 😺🙂👍

[@ThompsonsCoins]

Thanks for watching and sharing your thoughts! Coloured coins are certainly not everyones cup of tea 😊

[@stevedavies4747]

I have been collecting coins from change for many years, and have built a good collection. After Covid-19 I tried noodling but found that banks frown upon this, and shops seem to sift all the good stuff from their registers. I went to the Mint to buy the latest ERII coin, but the line was literally a mile long (and now appear to be selling a $15 coin for $200+). I think I'm going to give up and draw a line under my collection.

[@ThompsonsCoins]

Sorry to hear that Steve! There's plenty of great older releases which aren't nearly as difficult or stressful to get your hands on but I also appreciate that every collector has their limits! Thanks for watching 😊

[@jobbiecoinsandstamps783]

Definitely keep all colours, no scratches on paint !!

[@jenna5677]

Amazing video as per usual. Thanks Matt, keep up the good work!

[@ThompsonsCoins]

Thanks for always watching Jenna!! 😊😊

[@summerrain7413]

Always enjoy your videos. Well done

[@ThompsonsCoins]

Thanks for the kind words Summer! 😊

[@johnd5953]

Only got yourself to blame if you pay $1500 for an $80 rrp coin the next day.

[@ThompsonsCoins]

It would seem FOMO is an incredibly powerful thing lately! Thanks for watching John :)

[@davidaustrian9455]

The ramint queue it system meltdown every release day, because of bots are making people seek this option. If you can afford it Good luck to them.

[@michaehector1018]

Thanks again Matt I'm at the moment collecting the C mint $2 dollar and will be contacting you soon love your video mate cheers. 👍💰👍

[@ThompsonsCoins]

Thanks for watching Michael! 👍

[@user-yy8pp9hd6l]

As a previous coin collector all coins, I missed out on the great white shark, very disappointed! But entering the ballot for the fighting spirit gold kangaroo and won! WOW. Then came the colour penguin Vietnam and other coins where myself and my wife spent 23 hours in a queue only to miss out! No more coin collecting!

[@ThompsonsCoins]

It's certainly a journey full of ups and downs! I hope you can find an area of collecting that doesn't cause you any stress so you can enjoy all that the hobby has to offer 😊

[@Koala63211]

Hi Matt, Just a quick thank you for selling me one of the Al/Br Vietnam $2 coins that you managed to get in stock at a very good and reasonable price. It arrived at my home in Perth as probably the best packed and protected coin I have ever received. This coin means the most to me as I am a Vietnam Veteran and feared that I would not be able to get one. I know there was a person from Sydney that was selling these for over $100 each and he had sold 300 of them last time I looked at his website. Pretty disgusting, and highlights what you say about "Flippers" who are just in it to make a quick exorbitant profit at the expense of real collectors. I am currently collecting all decimal coins in the 20 cent, 50 cent, $1 and $2 ranges, trying to get two sets of each, and will ultimately pass them on to my two Sons. Thank you for your channel and the advice you give to collectors like myself. Just one quick downside I have found because of the popularity of collecting, there are probably many people like myself who get their coins from the bank to noodle. I have been getting a fair amount of grief from some of the bank staff, because they say the ATM coin dispensers are for "Store Owners" to get change, not for collectors who want to noodle. What are you thoughts about this? Thanks.

[@ThompsonsCoins]

Thanks for the kind words! I'm very glad your coin arrived safe and sound 😊 As for the banks, there are several individuals who take advantage of the change dispensers and as a result my understanding is that there have been instances where businesses have been unable to get change from them after collectors have cleared them out. I'm not sure what the solution is to that dilemma though unfortunately!

[@mikesabey4935]

I have a feeling that this whole $2 is going to fall apart soon. Certainly the circulated market will once people with piles of colour realize that dealers aren’t interested in them unless they are UNC, graded or errors. I have seen people on Facebook groups trying to offload individual coins without success. Offers only just above face value. Still stupid prices on eBay catching out collectors who are new to the game.

[@ThompsonsCoins]

Thanks for watching Mike! I think the circulating $2 coin market is largely made up of Noodlers and casual collectors who may not want to spend large amounts on their hobby. You're absolutely right in that most dealers aren't interested in buying up circulated coloured coins because they are so easy to access.

[@mikesabey4935]

@@ThompsonsCoins An eBay search on sold prices for the 88/89 HH $2 tells the story. At some point it is all going to implode. A completely unremarkable coin selling for $7, $200 and even $4000. I’ll stick to my 50c.

[@denniscardakaris1997]

I have started coin collecting last 12 months. My daughter got me hooked. But I do consider myself a value hunter/flipper. I will sell a coin I believe is overpriced. But if the price drops etc. I like the coins enough to keep & store. I have even started using my SMSF to purchase coins & store them at Imperial etc. I find 50c sets & $1 sets so much easier to complete that that has become more of my noodling time. I have seen kids U25's buy 20-30 poppies & Vietnam coins through huge numbers of accounts with slightly different addresses and multiple burner phones. But the worst I saw was a distributor putting up the soldout sign onsite and their eBay page selling coins. That is far worse than any flipper!

[@TheHobbyPodcastAU]

Hey Matt, Love your videos mate keep them coming!

[@ThompsonsCoins]

Thanks for stopping by mate!! I hope all is well 👍👍☺️

[@richardbryton8658]

Hey mate! Great video👍. Ive been collecting coins since 2012...great time to get in....I was buying red poppy and coronation rolls for $300...and have continued with alot of other coins....but for the last few years I havent collected to many purely because I dont like prices...and also the mintage is to high. I think if the mint were to release a coloured Charles $2 coin with a low mintage like the poppy and coronation....I would be in...but then again what would the first day on ebay...be like...for that coin? $2k? So I would probably still be out😢😂😢😂 I did buy some of the 2021 MOR bags and rolls....but thats backfired....prices have plumetted on those to😂😢😂😢. Do you know the reason for this decline? I only buy the gold quarter ounces and coins now....and silver bullion at least they are a fair price and will always go up. Again great video my man😁👍

[@user-ri6xf2bp8u]

Yes you are right . Collecting coin since 2006 it forced me stop collecting coins.

[@yakfish36]

Good vid Matt flippers wreck everything. I got lucky real lucky with the poppy this year and also got the Vietnam silver they are in the long term stack. I host a buying group for a bunch of pensioners who are not tech savvy so I always try to get a few but pass them on to the group at cost. Flippers wreck it they over inflate prices and suck up supply. I'm into the 50c coins now and collectable bullion. Enjoy fatherhood mate its awesome and just keeps getting better.

[@ThompsonsCoins]

That's great to hear you've been able to score some of those hot releases and there's plenty of great 50c coins out there which are available at reasonable prices so I hope you enjoy that collecting journey too! Fatherhood has been amazing! Thanks for the kind words of support :)

[@yakfish36]

@@ThompsonsCoins it's a special sort of feeling knowing you can create your own people, all you need to do is love em and instill the right values in them and they pay you back in spades mate.

[@martinbradley1827]

Based on what i saw today, you are right. The $5 penguins were on sale yesterday. Maybe this breaches e bay selling terms.

[@peecee1384]

It is much easier to pick up new releases from coin dealers, than the mint itself. Some also take pre-orders before the day of release.

[@ThompsonsCoins]

I hear mixed reviews regarding the queuing system the mint has implemented but I think if the alternative is the website crashing they have made a big improvement to the overall functionality of their site 😊 thanks for watching!

[@ArsenicApplejuice]

Fairly new, Went through my magpie stage, ok it's not actually over. But I think I am settling on Aussie predecimal currency for now. Saying that I think the Vietnam $2 coin looks amazing.

[@ThompsonsCoins]

I have some terrible news, that phase will never fully subside regardless of how much you try to drill down on one set area of collecting 🤣 having said that Aussie predecimal is a great area to collect in and is highly overlooked at the moment!

[@justinsimmonds5674]

Personally, I collect the coloured $2 coins that get issued into circulation. I buy one coin shortly after release then any I find in circulation I will keep.

[@tinaliebe5118]

Hi Thompson I think the bubble will burst like the housing market does but there will always be a certain amount of coins that keeps going up just a matter of which one will be the super precious one only time will tell ❤

[@ThompsonsCoins]

I think you're right Tina! Regardless of how the market pans out I'm sure there will be a selection of $2 coins which remain highly popular with most collectors! Thanks for watching ☺️

[@rileykernaghan]

The thing that gets me about the $2 is that the colour is literally just there for the sake of it. It adds nothing to the overall design and the themes are usually much more gimmicky (eg. Wiggles) than those used for other denominations. The red poppy, eternal flame and Vietnam coins are of course the exceptions which prove the rule.

[@ThompsonsCoins]

Thanks for watching Riley. I think you're right and as a result, many of those $2 coins don't seem to be nearly as popular with collectors. But I think the partnership with Woolies is probably intended to put those coins in the hands of a younger generation of future collectors so hopefully it has a positive impact in years to come 🙂

[@objectivesovereignty]

I mainly get my coloured and other $2 coins I find in my change, I sometimes buy some from the local coin shop or e-bay if there is one I want to have and have not found yet. I think they should keep the mintage down and limit the amount to three per customer on line and send out a dozen or two to AUSPOST branches and the established coin shops and on line dealers. Keep'm rare and keep'm fair. Flippers can still have a go by getting friends and family to buy a few for them but this way would not deprive true collectors of their passion. $2 coins mintage needs to remain low for they are mainly sort after by Australians in Australia, it's not like with the silver bullion Kookaburas with their 500,000 mintage for they are of a truly global market.

[@ThompsonsCoins]

Rare and fair is a great expression! I think you're right in that limits are one of the key elements of avoiding large amounts of hot coins ending up with individuals rather than in the hands of collectors in the first instance. You also raise a fair point in that there's actually nothing wrong with flippers, it's just concerning when they are ending up with significantly larger quantities than most dealers. Thanks for sharing your thoughts!

[@hongser5694]

Great! Pls raise amazing price on Aus 2$&1$ coins as they look like gold coins in the world and raise them all to be the top plus the most expensive coins around the world.

[@ScottOrr95]

It doesn't really affect me, I'm more of a passive collector, I collect what's in my change and have only bought a couple things here and there that I don't really expect to have much value to anyone but myself.

[@elvisminic]

Went to Commonwealth bank Sunnybank they told me as of yesterday only $100 worth of coins allowed and coin machine for business customers only,WTF

[@LynetteWade-wm1io]

What are we going to do when they get rid of cash it breaks my heart ive collected coins since i was a kid 😢

[@harrykapnopoulos4253]

When you get get rolls of $2coins all brand new off the same year you call them mint

[@craigmitchell8472]

good question...gold swap opportunity

[@cultureofcurrency]

Anytime there is money to be made, humanity will find a way to make it... :(

[@ThompsonsCoins]

This is an unfortunate reality indeed!!

[@hanhjuli]

Interesting contents. Maybe wholesalers should do unlimited minted coins.

[@ThompsonsCoins]

It would be great to see some nice unlimited coins come out to ensure everyone can get hold of them 😃 thanks for watching!

[@rosswhittingham770]

I have been collecting coins for 45 years. I have had enough with the Mint churning out so many different coins. Now that limits are made and so many long time collectors missing out on new releases, I have lost interest and now only collect the coins going into circulation to keep my run going from 1910 . I will only buy another type of coin if it interests me for its particular design.

[@ThompsonsCoins]

Thanks for your comment Ross, I'm glad to hear that you haven't abandoned collecting all together and hope you continue to enjoy building upon your set ☺️☺️

[@simondiamond4380]

I love my coloured $2 coins however I fear the over production of Woolies and Aust Post rubbish will cause the bubble to burst. I’ll stick to the coins the RAM actually admit to minting on their website. At least when Woolies bring out meaningless coins featuring yeast extract spreads, I can put my feet up and not give a crap instead of running around every Woolies in a 10km radius! RAM - please slow down otherwise you risk causing the bubble to burst

[@ianmahon9640]

Hi Matt, I would like to know what a bott is as I have an account with the RAM and twice I have lined up on my pc for releases and with only 10 seconds to go I suddenly get pushed back to over an hour. I dont understand how this happens maybe you can enlighten me as I really like coin collecting .

[@ThompsonsCoins]

Hi Ian! As I mentioned, I've got no idea how those things work and despite being able to make KZbin videos I am actually not very tech savvy unfortunately! As for the mint queuing system, my understanding is that it has been quite reliable for most people but if you get pushed back you might need to call or email the mint for more info on an issue of that nature. Thanks for watching!

[@peterRobinson10101]

AUS mint is flogging it to death. Too many releases. Too expensive for the hobbyist to keep up.

[@kaynefryday6637]

Gday mate how you doing

[@ThompsonsCoins]

Hi Kayne!! Thanks for watching mate, I'm doing very well and hope you are too!

[@steveplanesnlego9055]

Disappointing when I waited for the red Poppy for 10 hours, then to miss out on the ballot. Only to watch someone with a whole box selling at $250 each. Collect $2 coins but only what I can afford, not $1500.

[@ThompsonsCoins]

Thanks for watching and commenting Steve! I think your final words are important to keep at the front of mind in times when the market goes a little bananas. Only collecting what you can afford is such a critical thing to be mindful of.

[@bigdope3913]

I don’t get it, they’re only worth what someone else is willing to pay for them. You can’t eat them, you can’t live in them. Basically you need new people to become collectors all the time. Supply will massively outgrow demand.

[@greenerell484]

0:32 An annoyance aka a scalper

[@ozyrob1]

Hi Matt, how does one contact you?

[@ThompsonsCoins]

Hi Rob, you can contact me at [e-mail] Thanks!

[@ozyrob1]

@@ThompsonsCoins will do. Thanks Matt

[@melbournestacker]

Why wouldn’t you flip coins if collectors are dumb enough to pay such an increased price, collectors should just be more strong minded and not purchase these highly inflated coins, and just never purchase them or wait until the hypes over and they decrease in price.

[@peecee1384]

Like those 1930 Pennies for example 😂 Prices for those have steadily dropped over the years. It was all hype!

[@melbournestacker]

@@peecee1384 very true 👍

[@craigmitchell8472]

PM and RAM overseas privatisation...no good

[@samanthacunningham2802]

I'd hate to know how much I've spent with you and other dealers.

[@samanthacunningham2802]

I collect all denomination but I have started focusing on silver more as I like the look of these more

[@carminecianchetta2999]

I have a sealed bag of Aboriginal $2 if anyone is interested

[@peecee1384]

Wow. Very rare. I’d auction that.

[@royalmint7831]

It's doomed because of the total corruption of RAM

[@oconnormcgee2549]

Hate flippers

[@phillipbyrnes2885]

It helps pay for the hobby.

[@peecee1384]

Then you hate Capitalism. What are coin dealers if not glorified flippers …

[@youreaknob]

Flippers allow you to get an item you missed out on. Are you saying you will never sell your collection for a profit in the future?

[@craigmitchell8472]

buy sell...collection for free

[@convoyconvoyconvoy]

I sell coins, you sell coins, people who whine about the whole coin thing are hypocrites, who bleat about their collections - which hold value only due to other people buying and selling coins. "Genuine" collectors are a myth, and everyone sells eventually. Down vote to this video

[@convoyconvoyconvoy]

not only that, these people whining are the same people with 6 houses and my rent is going up, so im gonna sell for more money. Inflations a problem across the board, if I get in there quicker than you, sorry but not sorry, I was faster off the mark, I recognised the rarity and value of the coin and beat you to the punch

[@85inexact]

@@plumairalbannach8492 Hang on, wasn't there a ballot system for this coin? Who are the greedy people snapping this up with bots?

[@journeyman6752]

We call them mother flippers.

[@ThompsonsCoins]

🤣 Very clever!