The Banjo Patterson coins and set released by the Royal Australian Mint a few days ago has sold out, creating a frenzy of shoppers chasing product, begging, offering to pay above SRP.
Some shoppers are regulars who buy coin magazines, while others are new shoppers chasing these coins and other mint coins we stock.
It’s fascinating watching this surge unfold in the middle of such an unusual retail situation as we have in Victoria right now. It’s a terrific good news story for an important and growing category in-store. Collectible sales are growing, not only in coins but in other segments too.
we have been in the mint coin space for a while and it is a valuable and growing part of the business, working well in-store as well as online. Indeed, re online, coins are an easily portable gift and that matters in 2020.