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Replies: 8 / Views: 1,699 |
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Valued Member
United States
297 Posts |
I have been thinking of picking up some foreign coins to add to my small collection. I have read in the past that people say the cheapest way is to buy a "bag" of coins. Are there websites to go for this, or do most people just buy them on ebay?
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Pillar of the Community
United States
3345 Posts |
Depends on what you want. Almost ever dealer at coin shows will have a box of "4 for a dollar" or the like in forgein coins for sale. ebay is likely to be all searched already, but so are the dealers boxes.
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Pillar of the Community
United States
5362 Posts |
Junk Boxes are like everything else - VARIABLE. In my experience dealers who concentrate on US coins often sell foreign coins at steep discounts because they have no normal outlet. They are also least likely to waste their time hunting for varieties in Krause. That goes double for specialist dealers who are too focused on what they like that they can not be bothered with "other foreign". Most dealers will sort out the silver but rare varieties are hardly ever spotted. As if they have any JUNK silver and offer spot. I usually just buy all they have and take a gamble. So far it has paid off well. ebay is often heavily checked and usually NOTHING GOOD remains. I can only recall getting one really good bag on ebay and that was from a brand new seller who had no clue. The ebay photo was awful and when I wrote the seller had NO IDEA what was there and really just wanted to get rid of the stuff.. I took a risk and bid $25 for 50 coins. I won the auction for $20. When they arrived they were all silver - 10 were 8 Reales and the rest were second republic Mexican decimals including 5 pesos. One of the minors alone brought OVER $!25. IT was a great payday. I have tried many times since but it is ALWAYS JUNK.
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Rest in Peace
United States
1729 Posts |
Most lots of "world coins" that are available are largely obsolete European and Mexican coins, plus a scattering of Canadian pennies and other odds and ends. If you can get your hands on an unsorted bag obtained from a CoinStar machine (unfortunately, my dealer no longer can), you'll come across some very interesting finds. I've pulled any number of fairly valuable coins that were obviously taken from someone's collection and just dumped into a CoinStar machine, which rejected them.
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New Member
Greece
49 Posts |
it's more secure to find actions or sales start from 0,05 or 0,10 or more euro's or dollars for every coin. You see what you take and you don't have big risk. In e-Bay many coins is fake, reproductions, replicas or have plating. And the most sellers hide in the text that describe the coin. So take care about this. From the other side buy coins with this low prices is only for make specified collections like 1 coin form every country of the world and not for collection with one theme, etc. Also in this cases the shipping cost perhaps is bigger than coin price !
I have many cheap coins (from 0,05 to 1,00 euro) for sale. but I can't shipping without paypal pre-paid or bank transfer and I prefere always persons that I trust. So make some collective knowledge for what you want and for the sellers and once again: take care in internet.
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New Member
Canada
13 Posts |
I find that ebay generally isn't worth it for the cost of shipping. Coin and nostalgia shows are alright for finding small containers of coins they sell for 0.10-0.50 each, and many sellers will give you a deal for buying larger quantities. But personally, I prefer to buy at a coin shop that sells by the kilogram. They would never have silver or rare North American coins, but for unusual and interesting international coins, it's fantastic. If your purpose is to identify them, put them in 2x2s and re-sell them they could pull a profit as well. I just picked up a bunch of coins with an average book price of around 2.50 each, but a cost to me of under 0.07 apiece.
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Valued Member
 United States
297 Posts |
My plan for purchasing some world coins is just to have something to look through and organize on a rainy day. I have a few boxes on US cents and nickels that I keep on hand but I am looking for a change of pace when I don't feel like looking at the exact same coin over and over again and just checking out the mintage date. I would prefer a bulk lot of coins instead of purchasing 2-10 at a time. I have a world coin book on order that I plan to use to reference my coins so I can sort them by country. While I am not ultimately interested in finding silver and key dates, I would rather have the coins in more of an unsearched state, and not purchased from a major coin shop online who has meticulously sorted out every coin even remotely worth above face value. I think for the time being I am going to surf ebay and look for people selling world coins who don't have a history of selling them.
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Pillar of the Community
United States
1231 Posts |
You really need to check around on buying by the pound or bulk. Prices can vary from finding a great deal of $4-7 a pound, to paying a lot more like $15+ a pound.
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New Member
United Arab Emirates
13 Posts |
You can try garage sales at old places & forgotten shops.
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Replies: 8 / Views: 1,699 |
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