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 Replies: 21 / Views: 2,556 |
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Bedrock of the Community
United States
11951 Posts |
I was looking through a foreign silver box today and picked up some coins that looked interesting to me. After I started putting them into 2X2's I started wondering if these were a good buy. I bought them are melt .. but coin shops here only pay a percentage of melt when buying these coins. I have been trying to take my collection into a new direction. I bought some Dansco stock albums and coming up with a new theme for each book. For these I plan on having a page for North and Central America (one coin each), another page for South America ...etc. Here is what I picked up today 1965 France 10 Francs 1947 Panama Balboa 1934 Peru UN SOL 1952 South Africa 5 Shilling 1907 Filipines (Philippine) One Peso 1956 Morocco 500 Francs 1930 Panama Medio Balboa 1962 Panama Decimo Balboa 1818 Spain 2 real 1912 Brazil 1000 Reis 1964 Finland One Markka 1913 Belgium One Frank 1957 Japan 100 Yen  Edited by GR58
08/21/2013 07:59 am
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Pillar of the Community
Mexico
1304 Posts |
Nice! I wish I had a world siver bin like that around here!
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Pillar of the Community
United States
1088 Posts |
Nice snag. Same here Harrison, wish there was a silver bin full of foreign coins here too. I would pay melt for these
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Bedrock of the Community
Australia
21788 Posts |
I think you have done very well for an interesting and varied mixture of World coins in reasonabable condition,
just for their silver value.
I would put them all in 2x2's, examine them all very closely and very conservatively grade them for yourself.
Note on the 2x2's what you paid for each, and when and where.
Then I would look around and look at the catalogue prices for them. You may be very well surprised.
You could very well find going back to that dealer, to pick up some more!
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Bedrock of the Community
 United States
11951 Posts |
Thanks ...all for posting One question .... I hear that grading is more strict on foreign coins vs United States coins ...is that true? I do have a couple world coin book ... But are those prices realistic? There are a few more that looked good ... That I may pick up tomorrow, but my schedule is to go to two different coin shops. |
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Pillar of the Community
United States
602 Posts |
I recently bought a world silver coin myself for melt. It was a 1941 Fiji Florin. I only bought it because it was silver, but as it turned out, it was only 50%. You win some, and you lose some, and I have no doubt that this will be the case for your coins here. Some will disappoint, but some will astonish.
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Pillar of the Community
United States
1088 Posts |
You can find older editions of the Standard Catalog of World coins by Krause for a reasonable price to have around. The prices will not be exact but they will be close
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Bedrock of the Community
United States
11951 Posts |
Quote:
I recently bought a world silver coin myself for melt. It was a 1941 Fiji Florin. I only bought it because it was silver, but as it turned out, it was only 50%. You win some, and you lose some, and I have no doubt that this will be the case for your coins here. Some will disappoint, but some will astonish All of these coins I looked up the Actual Silver Weight (ASW) in the World coin guide (Krause) and bought them based on just the silver weight. I don't have the weights for these coins right here. But for example a 1958 Canada dollar has a ASW of .6000 Today silver was around $23.00 per oz. $23.00 x .6000 = $13.80 This is how I figured out what melt is for these coins, so I am pretty sure all these I bought today, I got for melt. Edit: I live in small town Florida, near Pensacola Florida. Three of these coins, France/Peru/South Africa, had been sitting in a display case for at least 2 or 3 years. No matter what the listed value of these coins are, they don't sell well here. Last week I saw some really nice coins from Mexico, large coins 5 and 25 peso. I asked about them today, they had been sent off to be melted. A few of those looked UNC. Edited by GR58
08/20/2013 10:09 pm
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Pillar of the Community
Canada
2805 Posts |
Oh no!!
I love world silver. I dig it out of melt bins, mixed bins (for below melt), and those dodgy gold buyers' shops. The 2-real coin is certainly worth more than melt, the Japanese one also seems to go for slightly more (actually - that was my most recent world silver find out of a bin not meant for silver), and almost everything you got looks like a good buy.
World coin grading is much better to me than the picky form of American Sheldon grading. There are only two Uncirculated grades (Unc and BU), and they correspond to "shiny" and "perfect" (with certain other requirements). Or at least, this is how I think it goes.
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Bedrock of the Community
Australia
21788 Posts |
Yoshi: The Fiji florins are mostly .500 silver, except for some wartime issues.
They were in .900 silver. They are easy to spot. The .900 coins were all struck in U.S. Mints, and carry either a 'S' or 'D' mintmark.
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Moderator
 Australia
16874 Posts |
Quote:
1952 South Africa 5 Suid That's "5 shillings", also known as a "crown". "Suid" is Afrikaans for "South". 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
United Kingdom
2897 Posts |
Krause, which is the book I assume you have, is great for a general guide for world coins but some prices are way off. I find that lesser coins tend to be over priced and moderate to expensive coins tend to be underpriced (with numerous exceptions) Hunting for sold coins on ebay will give you another source of information that can help value something. |
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Bedrock of the Community
United States
11951 Posts |
Five shilling
Sap ... Thanks I corrected that
I should have known that ....my head has not been real clear lately
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New Member
South Africa
12 Posts |
The 1952 South Africa 5 shillings looks like AU . How much did you pay for GR58 ?
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Bedrock of the Community
United States
11951 Posts |
Quote:
The 1952 South Africa 5 shillings looks like AU . How much did you pay for GR58 ? $10.45 |
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New Member
South Africa
12 Posts |
That's a good price . Nice pick well done .
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Replies: 21 / Views: 2,556 |
Posted 08/20/2013 7:02 pm
