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Everything posted by chuckplante

  1. Don't know if it is the same story, but that happened with a kid living within a few miles of where my family lived during the 1960's. The biggest reason for leniency was his age. He was only 8 or 10 years old as I recall. Was an easy catch for the Secret Service as his modes of transportation, bike and walking, combined with the small town business offerings limited the establishments he hit. Never met the kid, but wonder now what he made of his life as an adult.
  2. Your resonse helped lead me to a great decision today. All my uncirculated coins, large and small denominations, are going to my grandson. There are over two thousand coins in the batch now. I'll keep adding more every year.
  3. Thanks gxseries. You articulated well a point I tried to make. With economic success comes affluence. There was a news article recently about Asian affluence driving up prices in the art world as wealthy individuals adopt Western collecting habits. We saw this starting with with Japan in the 1980's. It has now spread to other Asian nations. There is yet another factor I failed to mention earlier. That factor is the number of coins minted. I have some uncirculated small denomination coins from nations with populations of about 25 million people that produced a billion coins or more coins of a particular denomination in a given year. I don't look for these coins to ever achieve any recognizable increase in value in any condition. Larger denomination coins are always minted in lesser quantity than small denomination coins. Still, the large denomination coins will not increase greatly in value if they are minted in such quantities that they are overly common. Also, I erred a bit with my initial comments about stable governments. East European countries within the former Soviet Union had stable governments. It took a change in government to ignite greater prosperity that brought about the collectors in these nations. The number of nations worldwide that could see similar change has dwindled greatly in the past half century. In addition, the number of nations regarded as underdeveloped is in decline. These are both good for humanity, but do reduce the occurance of factors that propelled coin valuation increases I benefitted from the past half century. I can look at current production quantities of coins from nations worldwide and see coins of both large and small denominations that would seem perched to grow greatly in value simply because the quantity of particular coins is relatively small. This assures the supply will be small, but does not assure a demand. The demand seems to come with affluence within the nation in question. Germany over the past 60+ years presents a good example of all factors in play. Many of the values of East German coins of equal denomination of the West German coins in a given year of minting are incredible.
  4. I did sell some a few months ago on ebay. These were primarily European coins, most from Germany and Hungary. The buyer was from Switzerland. The bidding was robust and the coins did quite well nearly achieving the values listed Krause. The bidding could have been disappointing without the winner and one other European always bumping the high bid. The ending bid doubled in the waning minutes of the auctions. I've since visited ebay Germany, UK and Austria. They each have lots of coin auctions, and comparative European coins appear to do better on those ebay markets than the USA ebay. I haven't done a similar check of Asian or South American ebay sites. Possessing only the English language limits which ebay sites I can list with, but it does make sense for buyers to look beyond their own borders to find deals on coins from their own country.
  5. In the 1960's, while still a kid, I began mailing away for small packages of world coins. The packages cost between $1.00 and $2.95, and each package contained 25 or 30 coins. The coins were all mint condition, low denominations, and primarily from countries struggling with their economies or governments, or purely third world nations. Occasionally these packages of coins included uncirculated coins from the 1940's and 1950's. It has been nearly a half century now and all of those nearly worthless coins of the time have appreciated well in value. Some are now worth about 200 times or more what I paid for them if the average cost was ten cents. This has me thinking. I have a grandson 2 years old. If I buy fairly recently minted, uncirculated, low mintage coins now they could be of such value when he reaches college age that they could provide for a major portion of his college education. The major element of this premise seems to be picking coins from countries that will likely have both stable government and economies in the future. Anyone have of any thoughts on which world coins being produced today, or produced in the past 20 years, could possibly be the big performers of value in 15 years time? My interest is world coins as such coins have the potential of far outperforming coins from major industrial nations.
  6. Thanks Dave. I do try to find completed ebay auctions for specific coins as the prices those garnered can be a good measure of the demand for a particular coin and the actual value. The best example I could find for this coin in a completed auction would likely grade in the AG to G range and was sold as part of a lot so that auction was of little help to me. I am leaning toward your opinion of Krause valuations. It may be that they are aware of some instances where people pay a higher price for certain graded coins and use that information to establish the high range for that particular coin. I'd be interested in learning the median price for specific coins at various grades, but that would be an impossible task as it would require the tracking of every single coin transaction worldwide to come to an honest conclusion. I'll continue using Krause, especially for identifying and cataloging coins, but look further for supporting evidence of actual values.
  7. Thanks ccq! Now you've got me wondering about another issue. Of NGC and PCGS, which is regarded the more reliable grading service?
  8. I have a coin that cost me about 8 cents that gives me pause where coin valuations are concerned. The coin is an East German 10 Pfennig 1950E. I rely heavily on Krause World Coin Catalogs to identify and value coins. On this particular coin the valuations are: VF 17.50 XF 70.00 Unc 650 There were 16,000,000 coins minted. I thought maybe there had been typographical error so went to ebay to see how the coin had performed in completed auctions and what current auction sellers were asking. From comparable coins offered I found a high price being asked of $800 for an AU55 http://cgi.ebay.com/Germany-1950-AU-55-10-...emZ220099255622 , a lower priced XF40 http://cgi.ebay.com/Germany-1950-XF-40-10-...emZ220099255604 , and a few others priced in between. From the images provided on these auction items I would say my coin is much the better. My coin scans Now, I do realize I got quite the bargain with the purchase of this coin. It is but one of about 700 "junk" coins I recently purchased from a large retail dealer that dislikes world coins. So far I would place the value of these "junk" coins at around $3,000, which isn't too bad considering I paid under $50.00 including tax for the lot. But that valuation is entirely dependent upon the resources used to value my coins. Am I safe to continue my heavy reliance upon Krause mixed with current selling trends I find on the Internet? I had originally placed a value of $150.00 on my coin until I checked the listings on ebay and found the NGC graded coins. Further, would it be prudent of me to have my coin condition graded by the Numismatic Guaranty Corporation? How much faith should I place with grading provided by NGC? What could I expect to pay to have NGC grade my coin if I choose that course?
  9. WOW, I'd been looking on the front and back near the edge. Never struck me to actually take the coin from the holder and look at the edge itself. Thank you!
  10. Where on these coins does the raised edge lettering appear? I'm stymied!
  11. Thank you! The coin came from a batch of "junk coins" from a local coin shop that cost me about 8 cents each. It was so encrusted it resembled a slug with barely a faint outline of the Star of David. I almost tossed it aside. I'm surprised how many north African and Middle Eastern coins had the Star of David during this period. I'm going to do some digging into pre-1800 coins. This followed the Spanish Inquisition when the Moors and Jews were driven from Spain starting in the late 15th century.
  12. Help Please! Here are photos of the coin: It is a rather stout coin measuring approximately 17 mm across, and the aproximate thinkness of a US quarter. It has similarities to early Ninteenth Century coins issued in Iraq, Libya and Morocco during the Ottoman Period of rule. Any help would be greatly appreciated.
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