Malta Euro Coins "Rolls of Malta €2 Commemorative Coin 2011" Just Out


Hundreds of people queued outside the Central Bank of Malta


In few hours all the items were Sold Out as can be seen on the Bank's Website

 

 

 

Malta today issued the long awaited rolls of the first national 2 euro commemorative coin from Malta. This coin is the first in a series of 5 and commemorates the first elected representatives of the 1849. The coin was first issued in October in a BU set - today 28th November 2011, rolls and proof coins were released. The response by the public was enormous, most of the people to enter the bank had to wait longer than 6 hours. At the first the bank said that it was limiting the number of rolls and proof coins to 5 but since the turn out of people was huge it had limited the items to just 2 of each. In few hours all the proof coins were sold out and by the time the bank closed all the rolls were sold out with lot of people finished disappointed as didn't manage to get a roll even though they had queued for more than 6 hours

 

 

On the local news just announced that only 66,000 coins were made available to the public, all the rest were sold to dealers from around Europe.

 

 

 

Chronology of the Day


27th November, 22:00 : since one hour people are queueing up - so far 40 people waitng.
some are leaving, more and more are coming slowly ...

28th November, 3:00 : around 80 people are already in the queue. police comes to tell the people not to wait in front of the centralbank. the queue moves and comes back around 5

5:00 : around 120 people in the queue.

6:00 : lot of people arrive around 250 people waiting

8:00 : 500 people waiting and then lot of people started to come

9:45 : First people started to go into the central bank. Before it was said per person 5 pieces each (rolls and Proof), around 3:00 am some people said 3 pieces (this information should have been from sunday noon). before opening the bank lowered the quantity to 2 pieces each. Selling went on very slowly. some people had to present their ID-card.

11:00 : Proof sets are sold out. Around 250-300 people got served so far.

15:45 : Rolls sold out. Around 1500-2000 people served.

 

 

Current Market Price for 1 Roll*


||||||||||||||||||||||||||||                              28.NOV.2011 | €280

||||||||||||||||||||||||||||||                          03.DEC.2011  | €300

||||||||||||||||||||||||||||||                          04.DEC.2011  | €300

* Prices are taken from eBAY and are approximates - they exclude shipping costs

 

 

 

Source

http://www.centralbankmalta.org

http://www.numisforum.eu

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Comment by euroHOBBY on November 30, 2011 at 12:27

just for clarification i took the chronology from the forum numisforum.eu (thus why listed in the source)

but I am almost sure that it is correct as i have the same info for most of the time points

Comment by Robi from Brussels on November 30, 2011 at 11:51

What an impressive chronology, Joe :-O!

No! I don't like coin collectionism, if this is the price to pay!

If I liked this kind of things (queing for hours, police control, hungerness...) I would better become an hooligans football supporter, isn't it??

Chris, welcome back! everything's ok? :-)

Comment by Chris Salomone on November 30, 2011 at 9:51

Very good article Joe.... the chronology is a good to give our friends an idea what we passed through and why we in part disappointed them!!

Comment by euroHOBBY on November 30, 2011 at 9:20

yes

now dealers can control the market price for this coin

i am curious to see what will be the market price for this coin in the long term

 

i believe that for now the price isn't too high because the Maltese public that manage to buy some coins are selling them but once these are all sold out collectors will have to turn to dealers who are the only people who have these coins and thus can control the market price

Comment by Ctirad on November 30, 2011 at 9:01

this way od selling was very bad and very good for dealers :-(

Comment by euroHOBBY on November 30, 2011 at 7:54

Chronology of the Day

27th November, 22:00 : since one hour people are queueing up - so far 40 people waitng.
some are leaving, more and more are coming slowly ...

28th November, 3:00 : around 80 people are already in the queue. police comes to tell the people not to wait in front of the centralbank. the queue moves and comes back around 5

5:00 : around 120 people in the queue.

6:00 : lot of people arrive around 250 people waiting

8:00 : 500 people waiting and then lot of people started to come

9:45 : First people started to go into the central bank. Before it was said per person 5 pieces each (rolls and Proof), around 3:00 am some people said 3 pieces (this information should have been from sunday noon). before opening the bank lowered the quantity to 2 pieces each. Selling went on very slowly. some people had to present their ID-card.

11:00 : Proof sets are sold out. Around 250-300 people got served so far.

15:45 : Rolls sold out. Around 1500-2000 people served.

Comment by euroHOBBY on November 29, 2011 at 22:17

let also discuss this coin from another angle - do you like this coin or not?

Comment by Ioannis Roussos on November 29, 2011 at 22:09

But this is illegal and crazy

Nobody should buy these coins from him

Comment by euroHOBBY on November 29, 2011 at 20:58

collectors look where the proof coins are - this dealer alone has 315 proof coins for sale

http://www.ebay.de/itm/50-x-2-Euro-Malta-2011-PP-Wahl-ersten-Abgeor...

Comment by Fedone70 on November 29, 2011 at 20:57

what a disgrace the image that link to all the proof in order to boycott the purchase,
not sold, I personally lose weight is that Malta Monaco from my site collection.


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