A coin from THE FUTURE...?

Okay, we all know the thrill of finding something rare, unusual, or very old in change. But what do you do when confronted with this:

http://www.dailymail.co.uk/news/article-1339063/Student-Sarah-Legg-given-rare-50p-piece-dated-2011-change.html

The obvious response is "sell it, quickly, before it becomes common". But would anybody buy a coin that's rare and unusual now, knowing that it's likely to be common soon?

I don't suppose any TPGs slab coins with prominent date-stamps -- "AU58, graded 1 month before official release"?

It's so strange to think of a coin that's certain to decline in value with time...

 

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It's those darn time-travelers!

 

Thats cool for her. Maybe she will become a new collector.

 

released for circulation on the 10th november

 

When I was a kid, I would always daydream about going back in time after visting a present time coin shop to buy some old worn paper money
and then get into my time machine to travel to 1793 and stopping in all the following years to the present buying all the U.S. coins ever minted .....
in BU condition......Now what would a collection like that be worth....Now we are talking every coin and every variety known......
WOW ...You know ,,,,,I still have that dream..:zzzzzz::zzzzzz::zzzzzz:...

 

There is one past, one present, but an infinite number of futures.

 

Anyone buying it might feel stupid in just a couple of months, maybe even less.

 

Many is the time I felt stupid for something I did. A second, a minute, an hour, a day, a month, a year, a lifetime later.

 

There are a few cases. Back in 1999 a Sac dollar accidentally got out in a bag of state quarters a few weeks before the official release. It was slabbed by one of the top two services with the date on the label showing that it had been slabbed before the date of issue. If the slabbing services had been around back ten they might have slabbed the first SBA's that turned up at a coin show about two mnths before they were supposed to be issued. During the stae quarter program though, so many banks were releasing coins a week or two before they were suppose to the services decided they wouldn't slab coins before the issue date.

 

I have several coins dated 2011.

 

She should jump in her 2011 car, drive to her local coin dealer and buy the UK-equilivant of the 2011 Red Book and look up the value of the coin.

 

U.S. 2011s?

 

Well, no. But neither is hers.

 

The oddest part of that article is this sentence: "Coin experts are perplexed by the find." Right, they are perplexed ... except for all those who know that the pieces have already been issued a while ago.

Must admit though that I find this practice - even though it is fairly common in some countries - a little odd. Especially for monarchies: What if the depicted head of state dies in the year which precedes the supposed year of issue?

Christian

 

yeah ive been getting them in my change for a while now. got one of the olypic ones yesterday an just spent it because some of them are so ugly. i dont see why this story has been made a big dea at all

 

The Royal Canadian Mint has a habit of selling coins dated the following year so what's the big deal?

 

Just look at the die breaks in the legends. A lot of coins were struck before that one.
With all that publicity, she should sell it right away.

 

It seems that this year they are intent on issuing all the 2011 coinage before that year even starts!! I hope to pick up the 29 new 50p coins (unc) in the new year as a birthday present to myself LOL

 

You could be accused of high treason for that comment!!

 

Hehe, I am a republican (in the sense of non-monarchist). Actually my comment was not about any particular king or queen; may they all enjoy a long and happy life. I just find that practice a little peculiar.

In the euro area we recently had another odd discussion: In Estonia the euro starter kits have been available since early December. Until the end of the month, however, they are not legal tender. Now what if I open such a bag and use the coins (which are dated 2011 and say "Eesti" but have the regular common sides) in, say, Finland, Belgium or Spain? Admittedly a somewhat "academic" debate ...

Christian