The Downies’ Story
For three-quarters of a century, Downies has been a powerful force in numismatics, and a prominent part of the Australian landscape. A family company with a proud history and a bright future, Downies has worked tirelessly for 75 years to establish a reputation as Australia’s leading coin professionals.The beginning of a young man’s dream
Emerging from the darkest days of the Great Depression, Downies was the realisation of the lofty ambitions of a young man with a big dream. Phil Downie was barely sixteen years old when he founded the Palmerston North Stamp Company in 1932, but even then, he demonstrated the particular determination that would see Downies become the leading player in Australian collectables – the nation’s largest numismatic company. One of the pioneers of the fl edgling Australian collector market, Phil Downie instigated the Australasian Stamp Dealers Association. This was the catalyst for a worldwide uniformity in the field of philatelics.
Expansion and progression
Since that time, we have progressed to become Australia’s number one, with a sweeping range of professional services aimed to satisfy all areas of the market. Downies Australian Coin Auctions was established in 1963, making it the oldest numismatic auction house in Australia. A tally of 295 consecutive auctions since that time has forged a record for professional and expert service that is second to none.
Enriched by a new breed of enthusiastic numismatists, the 1970s saw the emergence of a new era. After completion of an Economics degree at Monash University and several years in the finance sector, Phil’s son Ken joined the company, representing the next generation of Australian numismatics. Playing a vital role as the company took on new challenges to continue expansion and progression, Ken was in the perfect position to take over from his father when Phil retired in 1985, concluding a lifetime of devoted service to the industry. Ken has followed in the footsteps of his father, leading the way in establishing the Australasian Numismatic Dealers Association, Australia’s major numismatic trade organisation.The next generation
The changing face of Australian numismatics
The 1980s saw the creation of the mail order Money magazine, while the early 1990s saw the company move decisively into retail, with outlets opening in both Melbourne and Sydney. Further expansion has seen us begin operations in the USA, Great Britain and New Zealand, as well as becoming the representatives for numerous international mints and issuing authorities.
Australia’s leading coin professionals
Writing a new chapter in Downies’ history, today’s formidable team of over 50 keeps the Downies machine running smoothly, as the company offers a comprehensive service across the spectrum of numismatics. Individually, many are experts in their fi eld, while collectively, Downies is represented by one of the most committed and professional teams in the world.
Retail outlets – the personal touch
Downies opened Town Hall Coins in Sydney’s Town Hall Square in 1991. Positioned right in the heart of the city and convenient to public transport, the shop is a favourite with both regular clientele and passers-by. In 1994, Downies opened a retail shop in Melbourne’s historic Block Arcade. Found in Melbourne’s CBD, the store caters for regular clientele and also for many tourists looking for a special and la
Australia’s oldest numismatic auction housesting memento of their visit to Australia. Shoppers will find that both Downies’ outlets carry a full range of your favourite collector items.
Situated next to our Block Arcade store in Melbourne, Downies Australian Coin Auctions is perfectly positioned to accept consignments from collectors wishing to sell all or part of their collection. Conducting our first auction in 1963, buyers and vendors are brought together at Downie’s auctions from three to fi ve times per year, each featured in an extensively illustrated catalogue. Whether buyer or seller, it is nice to have the security of dealing with the longest established coin and banknote auctioneers in Australia.
Rare coin and banknote investment service
Downies team includes specialists in Australia’s rare coins and banknotes. Clients can be assured of sound investment advice as well as the comfort of knowing you are dealing with the nation’s leading experts. Downies also provide a ‘seek and acquire’ service for those collectors looking for that elusive piece to complete their collection. Whether it is a single investment item, a specialised portfolio or a superannuation parcel, Downies can provide you with expertise and service unrivalled in the industry.
International operations
Established in Newport Beach, California, Downies were appointed as the official agents for the Royal Australian Mint in North America in 1996. Attending numismatic shows in America, Europe and Asia, Downies Ltd also acts as Australian agents for a number of international mints.
Mail order
Downies, the largest distributor for Australia’s two major issuing authorities, provides the convenience of a full mail order service through our Money magazine. Each month Money brings together a wide array of products, with stocks of all the latest releases assured. Clients are able to place orders by phone, fax, and email or through the post, with virtually all items subject to Downies Bonus Points Rewards Program. This popular client loyalty program offers clients the ability to build up points and earn rewards throughout the year.
Downies in cyberspace
As Australia’s premier coin and banknote dealer, we are now establishing a firm niché in the world of cyberspace, the next step in the complete numismatic service. We are at the forefront of the growing relationship between the Internet and collectables, with our website being a comprehensive presentation of the Downies experience. Together with a sweeping analysis of coins, banknotes and other collectables, we also offer totally secure online ordering facilities.
