The idea is to create one "hub" for everything related to coin collecting: research, original information, discussions, buy/trade and whatever else you can think of.
The site is still under heavy development. If you think a specific feature is necessary, please use the Feedback form below and let us know.
For now, just one person. In future, the idea is to have a community behind it - people who not only contribute to it but also share in the profits later. If you want to join sich a community, please use the Feedback form below and let us know.
On each coin page, we try to add references that are as granular as possible (i.e. not just "we used information from X" but "information about mintage comes from X, mints from Y" etc.
If more than one source have the same information, we quote the earlier one or the one which is the original source. For example, if the Royal Australian Mint says something on its site - we quote this and not a catalogue which had the same information published earlier (but initially got it from the Royal Australian Mint).
We use and quote the earlier one, and note (in a comment) that there is a different version of the information elsewhere; unless we can find a good explanation why the later source should be treated as more reliable.
Under each photo, we have quoted the source, the copyright notice and the license under which it is distributed.
The site is still under construction, much work needs to be done until it becomes comprehensive enough.
We are currently working on pre-decimal coins of the British Commonwealt, in the following order: Australia, New Zealand, Fiji, the United Kingdom, Canada. When those are done, we are going to continue with the following priorities: pre-1945 coins (19th and 20th centuries), regular circulating and commemorative circulating; then bullion / trade coins, then non-circulating legal tender. After that - modern coins.
Information is sourced from a large number of online and offline sources like book values, "for sale" quotes and actual sales by a number of reputable dealers.
It often happens that there is a (quite vigorous, usually) domestic market for some types of coins and an international market where the same coins are valued differently. We have tried to reflect both, so the values have to be separated and not "translated" from one currency to another.
Well, no... Not really. There are many factors at play, each introducing various systemic errors. To name a few: "book values" are not updated regularly so tend to lag behind reality. Book values tend to be rounded to a nice-looking value so you will not see a coin listed at $7.86. Nice-looking values differ by country, e.g. in the US they will include values ending in .25 or .75 due the US having "quarter dollar" coins, while in other countries these values are not considered "round" and "nice". Sales would end in .95 cents or .99 cents (depending on country), or .01 if at auction. Quoted values may or may not include the "transaction cost" of a coin dealer business (e.g. the cost of stock-keeping, handling etc.) which for lower-end coins may be significantly more than the value of the coin itself (and will affect the low grades of a coin more than the high grades of the same coin). And so on and so forth... So no, values are a rough guide only.
They are still useful for comparisons though, e.g. coin X is twice the price of coin Y (of course, given the assumption that the systemic errors in both cases are comparable).
Well yes, there is that. If a major catalogue says something is worth $X, then people start selling it for $X and it becomes a self-fulfilling prophecy. But if the value is significantly off from reality, you have a number of frustrated would-be sellers wondering why nobody buys at $X.
Values in the graphs are "calibrated" to present dollar values based on buying parity of money then and money now. In other words, if something cost $5 then and $5 was an average worker's pay for a day, then the old value would be translated to $151.43 or whatever the average worker's pay for a day is now. This is based on inflation in the country issuing the currency in which values are expressed, e.g. the cost of an Australian shilling coin in US$ in 1965 will be translated to present values based on US inflation between 1965 and now and not on Australian inflation. Yes, it skewes the results and there are many systemic errors in this too. But, it is the best we can currently do.
Having all these historic values, the logical next step would be to find a trend in their development over time and see where it is going. We use simple linear regression for the time being, pending investigation into better methods and (more importantly) acquiring more data to feed into the algorithm.
It has to be stressed that these future values are "guesstimates", i.e. best-effort guesses based on unprovable assumptions and unreliable (and in many cases quite sparse) data. In other words, these are not "forecasts" or "predictions", they are just an illustration of where the trend is going. Results are quirky at times, especially where data is sparse. Live with it...
That's what the algorithm comes up with. It is already rather arbitrary based on the factors listed above, so there is no need to make it even more arbitrary by changing the number to a "nice-looking" one.
To put it simply, the number of "meaningful digits" in these values does NOT imply any level of precision.
In actual fact, things do get cheaper... If you buy something for $10 now and you sell it for $10 three years later, these future $10 will be cheaper than today's dollars due to inflation so you will have lost money. If the book value for a coin remains the same for several years, the catalogue which lists it is basically saying that the coin is getting cheaper in REAL money even though the numbers remain the same in NOMINAL dollars.
The values in the future guesstimate columns are denominated in today's dollars, so you should keep the above in mind when interpreting them. To simplify an example: coin X is worth $10 now. Next year's value for it is listed as $9.90. Does this mean we expect the coin to be selling for $9.90 next year? No. We expect that it will be selling for $10, but these 10 future dollars will have the buying power of 9.90 of today's dollars.
Yes, the same consideration applies if the future value is listed as higher than today's value. In that case, the algorithm expects the real value to go up - even beyond inflation.
In one word, no.
This site does NOT give investment advice and no part of it should be understood as such. The fact that a trend has been going in some direction for the past ten years MAY mean it will keep going on like this; or, it may mean that the trend is overdue for correction which may then happen quite abruptly. Some things tend to be periodic, which linear regression cannot model. Some depend on "real world" considerations, like bullion values changing for political reasons. Use your own judgment. Values on the site are there for the purpose of providing "raw" information only, in a form which is easy to be visualised and understood. Investment decisions are YOUR business.
Sorry, much is under construction now.