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Old 04-26-2013, 07:13 AM   #1
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Coins with a "privy"

I pretty much buy silver for the metal content, not for neumismatic value. But I'd be lying if I said I don't favor a good-looking coin/round.

Having said that, what are your thoughts on coins with a "privy"? I think privies are kind of stupid, and essentially a way to try to boost the sale price of the coin. In the end, do privies have any real effect on the re-sale value of a coin?
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Old 04-26-2013, 07:29 AM   #2
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What is a "privy"? A numismatic premium?
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Old 04-26-2013, 08:38 AM   #3
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I have some Kookaburras with US State privy marks. This is a small round imprint with varied designs on the front of the coins. They are limited strike, with each privy something like 5,000 total in the run. They were done for a number of years and bring a super fat premium. I have thirty two with the Delaware privy, and that's after selling thirty eight for 80 dollars each when spot was 36 +/-.

The buyer also paid for USPS overnight shipping and all insurance.
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Old 04-26-2013, 08:58 AM   #4
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Ah, I see. The privy is the mint mark.

I'd say numismatics are for optimists (like DCRB's platinum). The numismatic premium only holds up as long as the economy does well and folks have disposable income to collect things.
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Old 04-26-2013, 09:02 AM   #5
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No, it is not a mint mark Bug [although the mint is where they stamp it on I suppose], more a tribute. I will try and find a picture online to post.
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Old 04-26-2013, 09:56 AM   #6
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Here is a Maple with a snake privy. 2013 is the year of the snake (I think). Maples and Australian coins are the only coins I've seen them on. See the small snake next to the stem of the leaf.
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File Type: jpg Privy.jpg (72.7 KB, 1 views)
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Old 04-26-2013, 09:58 AM   #7
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Yup, that's kind of like the Kooks except the Perth Mint places it at the top right or top left on the coin face. What kind of premium dis you have to pay?
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Old 04-26-2013, 10:10 AM   #8
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2004 1 ounce Silver Maple Leaf with privy for $62 on APMEX:
http://www.apmex.com/Product/60989/2...iac_Privy.aspx

Essentially, you are betting (and paying a lot extra) on people wanting a something "rare".
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Old 04-26-2013, 10:22 AM   #9
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OK. It's a mark that helps denote a certain run of mintage then. Scarcity of the run would then be a factor in numismatic premiums for collectors. I stand by my earlier comment.
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