1938 Rupee Price War? - Coin Community Forum

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Author	Replies: 4 / Views: 2,340
brokencompass Valued Member United States 451 Posts	Posted 11/08/2010 4:05 pm I don't seem to get what is special with this rupee. http://cgi.ebay.com/1938-India-Rupe...t_1042wt_905 It appears to be like the usual 1938 silver rupee. Or is it a copper nickel rupee? I can't seem to tell the difference between silver and copper-nickel in this coin. Report this Post to the Staff

echizento Moderator United States 23731 Posts	Posted 11/08/2010 4:33 pm The coin is .9170 silver, it's a very nice looking coin that looks like it is MS-63, maybe MS-64. Value in that grade should be around $35. There was a proof coin KM#554 struck with a value about $550, and a proof like re strike coin with the same number as this KM#555, but that is listed at over $1000. This coin isn't either of those. So $90 is a bit high for it. Report this Post to the Staff
swamperbob Pillar of the Community United States 5362 Posts	Posted 11/08/2010 6:35 pm The price is, in my opinion, a speculative bid hoping for a very high grade business strike or possibly a restrike coin. The restrike would be a bargain at $90. Report this Post to the Staff
Peter THOMAS Pillar of the Community Australia 2830 Posts	Posted 11/09/2010 6:12 pm 1938 India Rupee Choice BU Item number: 120642013219 closed, 21 bids Winning bid: US $125.50 Report this Post to the Staff
Chris New Member Canada 23 Posts	Posted 11/10/2010 2:16 pm That appears to be a very nice coin. The end price does not surprise me. Indian coins are very popular now. I have watched some prices double in the last 6 months alone. 1938 is also a semi key date. That example was the only one I found in a quick current/closed ebay search. Report this Post to the Staff
	Replies: 4 / Views: 2,340

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