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 Replies: 17 / Views: 2,422 |
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Valued Member
Belarus
65 Posts |
Hi, I would like to put up a question that is very exiting for me. What's your opinion about collecting contemporary world coins in uncirculated sets. I am rather punctilious in the quality of coins. Is it normal? Do you prefer coins in uncirculated sets or circulating coins brought from a trip by your friend? How do you usually get the sets? Buying from a local dealer is rather expensive.
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Moderator
 Australia
16806 Posts |
Personally, I find circulated coins just as interesting as uuncirculated ones... which usually means that, if my budget is limited (and it normally is  ), I'd rather buy several dozen worn, scratched and circulated coins than only a couple of uncirculateds. Sure, the Uncs look much nicer, and they'll probably increase in value more than the scratchtray scroungings, but it's the stories and histories behind the coins that fascinate me - and circulated coins work just as well in that regard. The other thing with buying up lots of uncirculated coin sets is all the packaging that comes with them - it takes up way too much space. I suppose you can always take the coins out of the packaging, but that does tend to reduce the resale value. This is all just a personal opinion and attitude, of course. This is numismatics, there is no "normal" here. Everyone can collect whatever they like!  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
3831 Posts |
I'm afraid buying uncirculated mint sets are quite expensive, especially recent years as the mints realize that they have to start making profit or else they will get broke. Thankfully, almost uncirculated coins can be found by collectors and you can trade with them. I gave up the idea of buying mint sets of every country after finding out that some countries have ridicious prices for them, such as Korea and some S.American countries.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
 Belarus
65 Posts |
quote:
Originally posted by Sap
Personally, I find circulated coins just as interesting as uuncirculated ones... which usually means that, if my budget is limited (and it normally is ), I'd rather buy several dozen worn, scratched and circulated coins than only a couple of uncirculateds. Sure, the Uncs look much nicer, and they'll probably increase in value more than the scratchtray scroungings, but it's the stories and histories behind the coins that fascinate me - and circulated coins work just as well in that regard.
The other thing with buying up lots of uncirculated coin sets is all the packaging that comes with them - it takes up way too much space. I suppose you can always take the coins out of the packaging, but that does tend to reduce the resale value.
This is all just a personal opinion and attitude, of course. This is numismatics, there is no "normal" here. Everyone can collect whatever they like!
Your opinion is very important for me. That can really influence my future choice. Thank you. |
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Valued Member
Australia
335 Posts |
I like to collect both top quality where possible circulating coins and the uncirculated and proof sets.
Why, because for some countries, the coins are produced at different Mints and can have various mintmarks or special features, text fonts, etc to indicate the Mint of origin.
Circulation coins can sometimes be produced from different master dies to those of uncirculated or proof coins in sets and have modifications to the designs not found in the sets or visa versa. Coins for sets are often produced under different techniques where the blanks can be prepared differently or coins struck by different presses under different processes such as multiple strikes and individual handling.
It all depends what you are after. For me it is the variety of coins for that country and denomination, etc.
Wayne
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Valued Member
Australia
335 Posts |
Oh, and sometimes a Mint does not issue a coin into circulation and the only way to get that coin for that year is in a uncirculated or proof set.
Angielczyk, what countries do you have coins for? Any chance you have coins for New Zealand or some of the Pacific Islands states?
Wayne
Edited by Brissyboy
10/09/2006 09:28 am
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Valued Member
Belarus
65 Posts |
quote:
Originally posted by gxseries
I gave up the idea of buying mint sets of every country after finding out that some countries have ridicious prices for them, such as Korea and some S.American countries.
May be I haven't got the sense but whay you gave up the idea if the prices are ridicious(="small"?)? |
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Valued Member
Belarus
65 Posts |
quote:
Originally posted by Angielczyk
Hello Vbekarevitch
I am responsible for the Money and Medal Programme of the Food and Agriculture Organization of the United Nations (FAO).
We have in stock large quantities of uncirculated world coins and I was wondering if you would know of any coin fairs in the former Soviet Union or of dealers that would be interested in purchasing large quantities at wholesale prices.
Thank you for your attention
Harold
That might be very interesting. I will figure out. If you could provide more info - what countries, years, prices, ect. - that would help greatly. Please email me. Thank you. |
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Valued Member
Belarus
65 Posts |
quote:
Originally posted by Brissyboy
I like to collect both top quality where possible circulating coins and the uncirculated and proof sets.
Why, because for some countries, the coins are produced at different Mints and can have various mintmarks or special features, text fonts, etc to indicate the Mint of origin.
Circulation coins can sometimes be produced from different master dies to those of uncirculated or proof coins in sets and have modifications to the designs not found in the sets or visa versa. Coins for sets are often produced under different techniques where the blanks can be prepared differently or coins struck by different presses under different processes such as multiple strikes and individual handling.
It all depends what you are after. For me it is the variety of coins for that country and denomination, etc.
Wayne
I should definitely stop my madness about uncirculated sets. |
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Pillar of the Community
Australia
3831 Posts |
You see, this is my rough idea of calculation. Most world mint sets are around for 20-30USD (up to you to agree or disagree). And when you add shipping, that's probably another 10+USD, which makes it easily 30-40USD.
Now, if it was only for a mintset that you really wanted, sure that's no problem. However IF you wanted to do it for EVERY world coin set, bearing in mind that that's probably the mininum price you are paying is 30USD, and that there are probably 150 countries in this world, you end up paying 4,500USD+. With that, I am much happier to get some rarer coins.
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Valued Member
Belarus
65 Posts |
quote:
Originally posted by gxseries
You see, this is my rough idea of calculation. Most world mint sets are around for 20-30USD (up to you to agree or disagree). And when you add shipping, that's probably another 10+USD, which makes it easily 30-40USD.
Now, if it was only for a mintset that you really wanted, sure that's no problem. However IF you wanted to do it for EVERY world coin set, bearing in mind that that's probably the mininum price you are paying is 30USD, and that there are probably 150 countries in this world, you end up paying 4,500USD+. With that, I am much happier to get some rarer coins.
That is probably the most forcible argument |
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Valued Member
Ireland
498 Posts |
Uncirculated or mint set, As most of the member in this forum have said it is all up to you,But some mint and countries goes further than that because other countreis circulate all the coins in their denomination others dont specially now the EURO there are some countries dont issue other denomination some in mint set only, some in proof set or collectors only and some of them are in limited number or issue only so if you are in for the completion of the set of coins issue in that year you will going to have a hard time completing them.(for euro coins)
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Pillar Of The Community
Turkey
1205 Posts |
I used to collect only circulated coins until a year ago.
Now I go for UNCs as far as my budged allows, but frankly, I enjoy circulated ones more.
They are actually "coins", they were used to buy something.
UNCs kind of seem like mere merchandise to me. But they look nice anyway :)
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Valued Member
Finland
79 Posts |
I have to go with RenaL in this one. Although UNCs are more beautiful, they still are (for me) just stamped pieces of metal, I somehow cannot see them as actual "money" or "coins".
For me, it's just not the details and shiny, mirror-like finish. I do enjoy more, when I find a used coin and start wondering about the history of the coin. I sometimes find my self asking: "what this coins could tell me, if it could speak". This is true especially with older coins, that have actually been in use during that specific historical time (like possibly WWI or WW2 etc.)
This applies to banknotes too, since I'm also into German and Japanese WW2 banknotes. I'm not interested in UNC notes at all, for me they are just pieces of paper without any interest...if I'd be only interested in the details and original colors, I might as well purchase a detailed replica. When I get my hands on used and a bit worn banknote, it has a lot more value for me, for it has actually been used in that specific era, that I'm interested in.
But, maybe I have to be glad about my way of thinking, since collecting used and worn coins and banknotes is A LOT cheaper than collecting UNC ones :D :D
-JJ-
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Pillar Of The Community
3147 Posts |
Welcome to the forum JJH! Great to have another Euro friend here with us. While I am a fan of uncirculated and proof coinage I find great pleasure in the circulated coins of the past. And, quite frankly many of the older coins are very pricey in higher grades and they can and will exceed a great number of collectors financial means.
I do collect silver euros as I have found they provide history that was never taught here in the U.S. and some outstanding designs and artwork. I have had more fun collecting world coins since 2002 than I have ever had in this hobby! It took the internet and coin forums to open my eyes to that which I had been missing!
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Valued Member
Finland
294 Posts |
Welcome -JJH-! Itīs nice to get another Finnish here  |
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Replies: 17 / Views: 2,422 |
Posted 10/09/2006 09:12 am
