Rennik's Australian Coin & Banknote Values Book 2023
Hardcover 32nd Edition
352 Pages, full colour
This format is designed to hold up under the rigours of daily access.
There has been no shortage of controversy about the two main guides to Australian coin and banknote values in recent years - the Renniks guide was the first in several years to systematically address the adjustments in market values that took place since the Global Financial Crisis occurred in late 2007, more to the point the fallout that followed for the Australian numismatic market.
Flicking through the opening pages of the 32nd edition, it's clear to see that this book has been designed and laid out by someone with an eye focused on good design and readability.
A well-structured document means that finding any coin or note in this book is a simple and straightforward process, which is essential if we're in a rush or are working through a large collection.
The 32nd edition maintains the colour throughout that has been included previously - lots of photographs means this really is an enjoyable publication to refer to and flick through.
A new section explaining the terms used in the descriptive grading standard has been included, as has a page giving a rough guide to the relationship between the adjectival ("raw") grades and the numerical grading standard that is used by independent grading companies such as PCGS.
Although the page that attempts to match up each adjectival grade with an equivalent numerical grade isn't perfect, if it even introduces the idea of numerical grading to a new collector starting out, that is well worth the cover price alone.
The way the decimal circulating and NCLT coins has been laid out is clear and well-structured - this section just makes sense.
That attention to detail is carried right throughout the section covering the banknotes - all of the important prefixes for our paper and polymer decimal notes have been identified, including those to look out for in the new NGB $5; $10; $20 and $50 notes.
All of the above changes are good and well, however as we've said before, no matter how well-designed these books are, the rubber hits the road with the market values they contain.
The editors have responsibly included a caveat very early in the book explaining that the figures in this guide are a guide only. No matter how well-intentioned any guide might be, actual market values can vary according to the exact circumstances of a buyer or a seller.
This means that any of us that have a keen interest in coins and notes are responsible for the decisions we make when we're buying and selling - we can't just rely on a printed guide like this.
The Renniks 32nd edition to Australian Coin and Banknote Values gives an excellent overview of the Australian numismatic market - it is an excellent first step in working out what a particular coin and note is worth but it certainly shouldn't be the last step.
If you are a keen collector of any type of coin or note, you can use a guide like this to get started. Once you have the numbers here, you can then look at online sales; auction sales and what dealers are asking for their own inventory.
We'd all love to have a printed guide that we can rely on 100% when buying or selling but the reality is a strategy like that is fraught with danger - if the market moves (up or down) after a book has been published, we can come unstuck really easily.
In the meantime, the 32nd edition of the Rennik's catalogue remains essential buying for any collector with an interest in Australian numismatics.
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