Ten shilling coins issued in 1966

mambo

I have around 7 rolls (10 coins per roll) of 10-shilling coins featuring Pearse/Cu Chullain, issued in 1966 to comemorate the 1916 rising.

They are perhaps not in 100% "mint" condition, but are certainly uncirculated.

From looking around online they seem to be worth around €30 per coin (so €300 per roll of 10?), maybe that will increase a little next year, it being the 100th anniversary.

Anyway, if I wanted to sell them, am I best to flog them on eBay, sell them to a dealer, or go another route? And sell them as a job lot, or roll by roll?


More about the coins:

https://en.wikipedia.org/wiki/Ten_shilling_coin

The ten shilling (10s) (Irish: deich scilling) coin was a one-off commemorative coin issued in Ireland in 1966 to mark the 50th anniversary of the Easter Rising.

The coin was 83.5% silver and 16.5% copper. It measured 1.2 inches (30 mm) in diameter and weighed 18.144 grams. The coin did not prove popular, and 1,270,000 of the two million produced were withdrawn and melted down. This unpopularity may be due to the ten shilling Series A Banknote which was then in circulation. Twenty thousand coins were issued as proofs in issue cases.

The reverse design featured Cú Chulainn, the mythical Irish hero. The figure of Cú Chulainn is a miniature of the statue by Oliver Sheppard, in the General Post Office, Dublin. The coin was produced for the 50th anniversary of the Easter Rising and commenced circulation on 12 April 1966 and was designed by Thomas Humphrey Paget.

Blade

I'd sell the individual rolls. What you could do is put them up on ebay as a 'buy it now' for 300 Euro each and hope for the best. Not sure you'll get that kind of money but no harm trying. Maybe try putting some on Adverts too.

EasycomeEasygo

Are you sure there are only 10 coins in the rolls you have, when these were first issued the rolls had 20 coins in them.

hexosan

Any pictures of the rolls

filbert the fox

mambo wrote: »

I have around 7 rolls (10 coins per roll) of 10-shilling coins featuring Pearse/Cu Chullain, issued in 1966 to comemorate the 1916 rising.

They are perhaps not in 100% "mint" condition, but are certainly uncirculated.

From looking around online they seem to be worth around €30 per coin (so €300 per roll of 10?), maybe that will increase a little next year, it being the 100th anniversary.

Anyway, if I wanted to sell them, am I best to flog them on eBay, sell them to a dealer, or go another route? And sell them as a job lot, or roll by roll?


More about the coins:

BTW where did you get them?

mambo

My parents bought them, back in 1966 I think.

filbert the fox

mambo wrote: »

My parents bought them, back in 1966 I think.

Who had a spare 35 quid in 1966?

(didn't need calculator)

I would recommend waiting for the winter months and Christmas .......

You'll get 70 each for them then if you package them in a velvet pouch or box.


Don't forget now who told you!

Good luck

Blade

filbert the fox wrote: »

Who had a spare 35 quid in 1966?...
You'll get 70 each for them then if you package them in a velvet pouch or box.

Interesting thing I read is that they haven't kept up with inflation, apparently 10 shillings back then got you more than the 25 Euro or so they're worth today. I can't see you getting 70 each for them, even in a fancy box, they're a lot less than that on Adverts. Plus I'm not sure it's such a good idea to break the rolls open as some people will want to collect them that way.

Best to check what EasycomeEasygo said, as there could be 20 in each roll if they are the original bank ones and not repackaged.

filbert the fox

Blade wrote: »

Interesting thing I read is that they haven't kept up with inflation, apparently 10 shillings back then got you more than the 25 Euro or so they're worth today. I can't see you getting 70 each for them, even in a fancy box, they're a lot less than that on Adverts. Plus I'm not sure it's such a good idea to break the rolls open as some people will want to collect them that way.

Best to check what EasycomeEasygo said, as there could be 20 in each roll if they are the original bank ones and not repackaged.

Is it not possible that the OP wants to sell them and make money regardless of a collector's perceived needs?

Do you think, in a frenzied Christmas market the year before the 100th anniversary of the 1916 rising, that people wouldn't be tempted to buy what are in effect uncirculated and unhandled 50 year old coins of a unique once off nature? (presuming of course, that they are not repackaged?)

Blade

filbert the fox wrote: »

Is it not possible that the OP wants to sell them and make money regardless of a collector's perceived needs?

It's all about supply and demand...

It's about collector's demands, not perceived needs. Unopened official bank rolls and bags of coins are much more sought after than loose coins, so the OP would have a better chance of making more money selling them that way and with a lot less hassle. Assuming of course they haven't been repackaged in which case they'd be better off selling them individually.

filbert the fox wrote: »

Do you think, in a frenzied Christmas market the year before the 100th anniversary of the 1916 rising, that people wouldn't be tempted to buy what are in effect uncirculated and unhandled 50 year old coins of a unique once off nature? (presuming of course, that they are not repackaged?)

People have been buying up and holding stock of these coins for the last number of years in the hope that prices would sky-rocket in 2016. I sold 100 pieces in boxes 6 or 7 years ago to one guy who was planning on doing just that, however with the price I got for them, he'd be lucky to get his money back in 2016, remember the market is going to be flooded with them. Add to that the fact that forgeries hit the market earlier this year, people are now wary of what they're buying so it's harder to get buyers to bite on the likes of ebay where it's difficult to tell the real from the fakes.

So no, I do not think there's going to be a 'frenzied Christmas market' for them and I do not think their value will sky-rocket in 2016. I expect a natural small increase in value just as has been happening over the last 10 years or so (when I used to buy them for 10 euro each), but I do not expect them to pass the 30 Euro mark as loose coins throughout 2016. And I certainly do not expect them to reach anywhere near the 70 Euro mark you suggested, even in fancy boxes.

I could be wrong of course as these things are difficult to predict, but that's just my opinion, the OP can take it or leave it.

filbert the fox

Blade wrote: »

It's all about supply and demand...

It's about collector's demands, not perceived needs. Unopened official bank rolls and bags of coins are much more sought after than loose coins, so the OP would have a better chance of making more money selling them that way and with a lot less hassle. Assuming of course they haven't been repackaged in which case they'd be better off selling them individually.



People have been buying up and holding stock of these coins for the last number of years in the hope that prices would sky-rocket in 2016. I sold 100 pieces in boxes 6 or 7 years ago to one guy who was planning on doing just that, however with the price I got for them, he'd be lucky to get his money back in 2016, remember the market is going to be flooded with them. Add to that the fact that forgeries hit the market earlier this year, people are now wary of what they're buying so it's harder to get buyers to bite on the likes of ebay where it's difficult to tell the real from the fakes.

So no, I do not think there's going to be a 'frenzied Christmas market' for them and I do not think their value will sky-rocket in 2016. I expect a natural small increase in value just as has been happening over the last 10 years or so (when I used to buy them for 10 euro each), but I do not expect them to pass the 30 Euro mark as loose coins throughout 2016. And I certainly do not expect them to reach anywhere near the 70 Euro mark you suggested, even in fancy boxes.

I could be wrong of course as these things are difficult to predict, but that's just my opinion, the OP can take it or leave it.

have a look at this:
http://www.adverts.ie/coins/special-50th-anniversary-pearse-10-schilling-silver-coin/8655371

coylemj

filbert the fox wrote: »

have a look at this:
http://www.adverts.ie/coins/special-50th-anniversary-pearse-10-schilling-silver-coin/8655371

Not even in a presentation case and he's asking €70 :eek:

Have a look at this ..

http://www.ebay.ie/itm/IRELAND-1966-10-Shillings-833-silver-top-grade-/311422263581?hash=item488236a11d

hexosan

filbert the fox wrote: »

have a look at this:
http://www.adverts.ie/coins/special-50th-anniversary-pearse-10-schilling-silver-coin/8655371

For the "collectibles" section of adverts that's very reasonably priced. I wouldn't be surprised to see it advertised at five to six times that price.

Blade

filbert the fox wrote: »

have a look at this:
http://www.adverts.ie/coins/special-50th-anniversary-pearse-10-schilling-silver-coin/8655371

Yes but it hasn't sold. I could advertise one tomorrow for 1,000 Euro but that doesn't mean I'm going to sell it. You can't put a valuation on something based on what some chancer advertises it for.

EasycomeEasygo

filbert the fox wrote: »

have a look at this:
http://www.adverts.ie/coins/special-50th-anniversary-pearse-10-schilling-silver-coin/8655371

A seller can ask what they want but it does not mean they will get it or what its worth, here are what the coins are actually selling for at the moment.

http://www.ebay.ie/sch/Ireland-/122493/i.html?_catref=1&_from=R40&_nkw=pearse&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2045573.m1684

Francie Barrett

That above ebay link is crazy. People buying plated replica's for nearly €15.