login

Author Topic: Croatia 25 Kuna (2017): 25th Anniversary of UN Membership  (Read 295 times)

0 Members and 1 Guest are viewing this topic.

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 10 425
  • Mumbai, India.
Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« on: May 23, 2017, 01:55:23 PM »
Latest low mintage (20,000) commemorative from Croatia. Commemorates 25th Anniversary of Croatia's UN membership.

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 10 425
  • Mumbai, India.
Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« Reply #1 on: May 24, 2017, 05:34:35 AM »
The coin was designed by sculptor Damir Mataušić.

The main motive on the face and the back of the new 25 kuna are that of a jigsaw puzzle. On the face, the motifs shown on the puzzle symbolize the co-operation and fellowship of the United Nations, while outlines of the puzzle pieces form the letter “H” symbolizing Croatia (Hrvatska).

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.

Offline natko

  • Senior Member
  • ***
  • Posts: 489
  • Split, Croatia
Re: Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« Reply #2 on: June 04, 2017, 04:10:50 PM »
Wow, this time I found out about it from you.  ;D Thanks. Finally a design I kinda like.

Low mintages on future issues were explained after the first several issues (first six were 300 thousand, one from 2002 was 200K), which gradually disappeared from circulation within months. People were holding it as a souvenirs instead of paying with it. So, while they aim to collectors, they still want to retain its circulation status, issuing it at FV. I even got the 2016 one last month as a change.

What I do not get is quite low price online lately. With FV similar to 500 yen, which were minted in millions, 25kn are sold up to 3 times less. And they can be bought only at one place in Zagreb. SCWC therefore even lowered the market price.

Anyway, wanted to stay on central bank topic, why would they even care about them disappearing from circulation? It's a pure profit for them so if they issue a million, even better. Why even bother with such small mintages?

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 10 425
  • Mumbai, India.
Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« Reply #3 on: June 04, 2017, 04:34:59 PM »
I now have almost complete collection of Croatian 25 Kuna commemorative coins, missing only couple of them, which includes the latest one. I find all of them quite nicely designed, no complains as such. Their shape is another reason to have them. ;)

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.

Offline quaziright

  • Senior Member
  • ***
  • Posts: 198
Re: Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« Reply #4 on: June 04, 2017, 04:47:02 PM »
I was lucky I was in the process of swapping with someone in Croatia; so I have the complete set. I sent him the 3D batman vs super coin in exchange for that and other very interesting coins.
I like that they are nice and big

Offline Figleaf

  • Administrator
  • Honorary Member
  • *****
  • Posts: 24 878
Re: Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« Reply #5 on: June 04, 2017, 04:51:29 PM »
There are more factors at work than supply. Even with some demand from euro coin collectors for Croatian coins, I suspect there is more demand for Japanese pieces.

Perhaps more important, having a glut of designs for the same denomination dulls people's senses for fakes. Britain is a good example: IIRC, there are over 30 different pound coin designs liable to circulate. The result was a glut of fakes and now a costly re-coinage. That's one thing in the UK, with a broad tax base, but another thing in a country with a much smaller population. Better to issue a new commemorative only when the old ones have disappeared from circulation.

That said, it would probably be better from a commercial point of view to issue above face and earn a premium, like e.g. Austria. If you can't sell large numbers, you can even try a coin-a-month diarrhoea Polish style. However, from the point of view of the dignity of the state, you wonder if raw commercialism is indeed part of the mandate of the state.

I rather like the Croatian solution, but I wouldn't mind if they'd circulate new commemoratives as they do today and sell BU specimen in coin card at a premium.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline natko

  • Senior Member
  • ***
  • Posts: 489
  • Split, Croatia
Re: Croatia 25 Kuna (2017): 25th Anniversary of UN Membership
« Reply #6 on: June 04, 2017, 07:37:51 PM »
I believe outside of their countries, there is less demand for Japanese pieces. People that collect the whole world rarely collect NC coins if they don't have big interest in particular country. While these are circulating issues, they differ from regular 500 yen and are rarely seen in circulation. They also issue quite a lot of them so people loose interest - exactly as you said for the Polish case. I talked to many collectors who backed up after more than 10-15 per year (I've got them, liked them and it was easy to get them by FV year by year). Now, I believe, with two 5 PLN coins per year, more people would go for them - a) they're truly circulation pieces, no questions asked b) they're bimetallic, which opens it to another type of collector like our Aditya. Anyway, 500Y are hard and expensive to get + many pieces = less interest.

For 500Y, I just think there are less people in Japan who are selling them (BU cards cost some 7 euros there, but loose coins are easily sold for 15) compared to Croatia. Demand, supply, we agree on that.

As for raising the issue price and making it NCLT, it would be a terrible idea. Look at the Poland again, what a premium they get from issuing 2 PLN pieces. Pure profit. Belgium issued 250 and 500 francs in 80s by face and soon demonetized them. Also a good point, you serve collectors and you earn money. Croatian silver proofs are so highly priced I'm not sure do 10 people in Croatia matter to buy them on regular basis anymore. If they had e.g. denomination of 500 kuna instead of 200, much more would be attracted, I'm sure. This way they'll be forced to remelt whole issue with maybe 50 pcs sold. And they loose a little, I guess it's rare somebody redeems them for face. Can't say it's about dignity. Maybe just the opposite, with more motives they could show appreciation. Too many huge anniversaries were missed. Wildlife, apart from circulation coins - close to zero. Too few cultural issues. Also, I can't say I get the point from selling super-low denominated 1.2g gold coins of 20 kuna...for 900. And they dare call it investment gold. That's what's not honorable, just like selling complete national gold reserves before latest crisis and gold boom.

As for faking, you've got the point although it didn't happen too much here. There were some reports on fake cast 5 kuna but never got my hands to any, unfortunately. Well, if I were in charge, I would add a smaller bimetallic 10kn coin with at least 5 motives every year and remove that banknote from circulation indefinitely.