I feel like New Zealand coins are undervalued in Krause. Many are listed at 10 cents or so, but I am frequently outbid on eBay in the $3-$4 range. Yes, it depends on the condition, but there seems to be a lot of interest in these coins, and few auctions go by without multiple bids. Is this a new trend? I doubt it's a lot of newly affluent Americans of New Zealand heritage trying to reconnect with their roots.
Sir. I don't like Krause. It's a good resource of information about a mintage, mint mark etc. But a prices in Krause are not correct.
For example. Krause says that this coin in XF grade has the price about 12$. But I got it for more than 20$. And it's VF+ (Good Very Fine) only.
Siberian Man, that's what I think too. The prices don't accurately reflect the market. Other types of coins I buy for less than what Krause says, but New Zealand coins are always more.
I use an old Krause book (10+ years) so I just assume that it's wildly inaccurate. I have noticed that New Zealand coinage seems to be thinner on the ground here than Krause would indicate.
I like NZ and believe it has a lot of long term potential. One of the ways you can tell is that very low mintages sell for no more than very high mintages. I have to suspect that all the cu/ ni is grossly undervalued. I like the silver, too, though not as much. Copper is another issue. Most of it is likely fully valued at least relative other NZ coinage but the low mintages and varieties may have potential. Bright red nice copper is tough across the board and might have potential. They raised the decimal mint set prices substantially this year and while New Zealand experts seem to believe it's overdone, I disagree. I have to suspect virtually the entire supply of the modern decimals is in these sets and the mintages are low enough that when attrition is factored in it makes mmost of these pretty tough. The sets are fairly stable in their packaging but they've always been very cheap till now and a lot have been cut up. I have to believe the experts on New Zealand coinage are too close to the question. They see ample supplies in collections and coin shops and don't realize that there aren't many of these sets surviving in the rest of the world. I love the designs of the old coins and they're beautiful in silver. I believe the most explosive price increases will be in the early cu/ ni versions of the old designs. These coins simply aren't seen at all in unc and mint sets are very scarce to rare. This is probably still a long term play but the NZ economy should boom in the next couple decades and the coinage become more sought after. People will find a lot of these seemingly common coins are not nearly so common as they seem and the demand can grow much higher than can be foreseen. I like NZ.
Krause is behind the times on most modern material even with the new editions. Prices haven't changed a lot on NZ in ten years except for high grade silver and modern mint sets. This is one case where they might be fairly close to market; at least the home market.
Many of the more recent New Zealand coins have mintages around 10,000, so that makes them very hard to come by. I don't know why they made so few.
