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Sometimes It doesn't Hurt To Buy Low Grade Coins... Korea Fun

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Pillar of the Community

Australia
3831 Posts
 Posted 07/27/2013  1:46 pm Show Profile   Bookmark this topic Add gxseries to your friends list Get a Link to this Message Number of Subscribers
Yes, the denomination is "fun" and it's fun to find when something like this pops up.

This coin is a Korean 1902 5 fun.

Sometimes-It-Doesnt-Hurt-To-Buy-Low-Grade-Coins...-Korea-Fun

I wasn't really looking seriously and by chance saw this for sale. It wasn't too terribly expensive and I thought what do I have to lose.

Sometimes-It-Doesnt-Hurt-To-Buy-Low-Grade-Coins...-Korea-Fun

For some reason I thought it looked different from mine and sure enough, what got me is the font thickness difference in the character "6" for "kwangmu 6th year". It's on the lower right leg.

Turns out the original one that I had could be scarcer than I could have thought of.

BUT

As you might guess, this coin has an interesting rotation error. Rotation error of up to 15 degrees is common but this is pretty unusual.

I guess the moral of the story is, just because it's crusty and low grade doesn't necessary mean that it's worthless. You might find something unusual while you are at it.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 07/27/2013  11:08 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I do this with very poor condition ancient coins, that are barely identifiable, as well as with World coins, of all centuries, provided that they come cheaply enough. I usually look for interesting and unusual coins in dealers' junk bins. With these sorts of coins, it is usually too much effort and time for the dealer to identify such pieces, so they just give up, and toss them in their junk bins.

The FUN is in fully identifying them. When that has been achieved, you usually find that an identified coin has an increased in value, in a multiple of what you paid for it.

Who says that it is hard to make a profit out of numismatics? I can achieve that quite often!
That's simply because you have had FUN achieving the identification for yourself.

I'll betcha LWC collectors have achieved the same thing. My numismatic scope is just a little wider.
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