Any potential for appreciation in value of Irish collector coins ?

[MrEarl]

Hi,

I have started to collect a few of the limited edition collector coins issued by the Central Bank. Most have a silver or gold content and are limited editions (albeit, you can still buy many of them online here, so they are not extremely rare). It got me thinking, what are these coins likely to be worth now, or in the future ?

At present, I doubt they are worth any more than was paid for them, given they are all relatively new. To a coin collector, I guess they may have a value depending on how rare they are, but as an investment is there any real potential for upside based on their gold and silver content ?

I don't consider them to ever be on par with the likes of Krugerrand or American Eagle etc. which tend to have a very high percentage of gold in them, but I would like to think they might have some potential to increase in value over time.

Any thoughts ?

 

[RedOnion]

In a word... 'no'
These are generally really nice things to have, particularly as keep sake gifts for children born in those particular years.
As an investment I'd rate them with my Irish Pound note, stamp, and phone card collection (yes, I have a worthless phone card collection!)
If you want to invest in Silver, buy silver. You pay a 30% plus premium on silver coins.

 

[Merowig]

Nice hobby - but more a hobby than an investment

 

[Tintagel]

Most Irish Shillings, Florins and Half Crowns prior to 1946 are .75% silver. These coins also have a low mintage. They are increasing in value all the time both for their silver content and their scarcity. Many were melted down.

Most of the Limited Edition items will be kept but the actual day to day coins are disappearing in to collections.

http://www.adverts.ie/for-sale/antiques-collectables/coins-notes/67/

 

[MrEarl]

Hi folks,

Thanks for the replies.

I was hoping that they might rank a little higher than ordinary coin or stamp collecting (excluding the couple of penny blacks, that I have knocking around somewhere ), but I didn't ever see them on par with acquiring gold bullion etc.

....As an investment I'd rate them with my Irish Pound note, stamp, and phone card collection (yes, I have a worthless phone card collection!).

I wonder what's worth more, your phone card collection or my collection of hard rock cafe badges ?

Thanks again everyone.

 

[LondonIrish]

I did a search of old threads and this seemed like the most appropriate place to post.

My mother recently inherited a collection of Central Bank commemorative coins—several dozen single coins and multi-coin sets, all in their original presentation boxes with certificates of authenticity.

She doesn't wish to keep them and is planning to sell them to fund a memorial celebration for the relative who passed them on.

I suspect their primary value lies in their precious metal melt content, but is there a meaningful collector market for these? If so, where would you recommend getting them appraised? If not, and we simply sell them for scrap/bullion weight, where is the best place to do that?

Thanks in advance for any advice.