| Author |
 Replies: 11 / Views: 3,399 |
|
|
Pillar of the Community
Canada
2805 Posts |
I've already made a thread about junk bin silver finds, so this is the thread about junk bin face value finds: where you find a coin that's worth (at face value, of course) significantly more than what you bought it for. Bonus points are awarded if it's from a country you're going to visit, or if it's from your own country and the store owner just doesn't care. Finding high-denomination NCLT also counts. Here's my latest and best: 500 Spanish Pesetas for 20 cents.  This is a big old coin, and now for the math: all my sources indicate that the Spanish Peseta can be converted to the Euro at the Bank of Spain indefinitely, with no given cut-off date. The fixed exchange rate is 166.386 ESP to the EUR, making 500 pesetas worth almost exactly 3 Euros (or: 3.005060522). xe.com tells me that 3 Euros is worth (today only!) $4.14 CAD - so in the end, I got $4.14 for $0.20. Not bad  Edited by nalaberong
08/03/2013 11:03 pm
|
|
|
|
Pillar of the Community
United States
1195 Posts |
Not bad at all!  |
|
Pillar of the Community
Canada
3167 Posts |
|
|
Valued Member
United States
477 Posts |
Nice find, no date on that bad boy?
Rick
|
|
Bedrock of the Community
United States
11951 Posts |
Pretty cool ..
I have been pulling similar coins like this out of foreign coin bins ..
How are you going to turn them in?
|
|
Valued Member
United States
62 Posts |
I had a whole bunch of Deutsche marks given to me awhile back. During a trip over there, I managed to find one of the main branch banks and swap them for euros. As a dumb monolingual, it took me awhile to figure it out, but I walked out with 75 euro and an appreciation for German banking . I know that their policy was you had to show up in person. I guess you'll have to do some traveling! Good thing you made $3.94 on the coin, haha. |
|
Pillar of the Community
 Canada
2805 Posts |
Today I got 2 500 yen coins. They were priced at $1 each, but it got better: the owner (a flea market stall owner, not too good at coin prices) had a stack of unidentified world coins, so I took out my Sharpie and identified almost all of them on the 2x2s (most were Asian with no English text). He said I could have the 500-yens for free.
500 yen is currently worth C$5.35, and is probably the highest-valued circulating coin in the world. I also got a crisp Iranian 100-rial bill with the older Khomeini portrait for $2 - the most worthless currency in the world (1,000,000 rials is the largest denomination, worth about $40. This is the cheapest way to be a millionaire).
Edited by nalaberong
08/11/2013 8:50 pm
|
|
Valued Member
United States
477 Posts |
I envy those that can identify coins like that. I looked at some of the multi gallon bins at the show yesterday and I figure it would take weeks to go through just one.
Rick
|
|
Pillar of the Community
Canada
2805 Posts |
The more junk bins you go through, the better you get...
I have a pretty limited budget, so I love getting cheap world coins out of those bins. After digging out a few surprising silver finds and the like, I decided to put some effort into remembering those silver cutoff dates, rare denominations and so on. I've found a few coins probably worth around $5 for about 10 or 20 cents each.
|
|
Pillar of the Community
Thailand
1509 Posts |
The Spanish one must be KM831 (1987-1990)? I'm surprised that their bank is still exchanging coins, considering the state of their economy. And yes, as nalaberong says, Quote:
The more junk bins you go through, the better you get...
Although I haven't been through one in ages (lack of opportunity) a couple of travelling dealers do occassionaly bring me bags to go through. The only problem is when I have maybe 500-1,000 to skim through I just don't have the time to examine each one. I do check certain countries eg. Germany, India because there are so many years and mint varieties. For the rest it's a matter of having an eye to spot the odd/interesting ones and that only comes with experience. |
|
Pillar of the Community
Canada
2805 Posts |
Oh, sorry - it's from 1989. The ones from 1991 onward have a cool lateral image, although my other one doesn't work too well - one side is "93" (the year) and the other side is the mint-mark: "M" with a crown over it.
Interestingly, the other side displays two people, and it's not a one-year type: Juan Carlos I and Sofia, his wife. The edge has an alternating pattern of crowns and two rings interlinked: so it commemorates their marriage in general, not just one particular year of it like most "wedding anniversary" coins. An interesting idea: apparently the Spanish monarchy is popular enough to get away with this.
|
|
Pillar of the Community
Canada
2805 Posts |
My first Złoty. Worth 33 cents, got it for 25 - sure, why not? This coin was minted before its series became legal tender - three years before the reform of 1995.  I'm a big fan of the złoty's simplistic design - it's not austere like the Euro, but it's still easy to read. |
| |
Replies: 11 / Views: 3,399 |
|
Posted 08/04/2013 10:29 am
