Poor Quality Control From India? - Coin Community Forum

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Author	Replies: 3 / Views: 1,126
nalaberong Pillar of the Community Canada 2805 Posts	Posted 10/11/2013 11:03 pm It seems like many world coin errors on ebay are from India. There are many off-center strikes, wrong planchets, Cuds, mules, and more, and these coins are all recent. Is this a case of quantity (India has 4 mints and, of course, a population much higher than America's) over quality? (And if you've got an off-center world coin you'd let go for under $5, let me know :O) Report this Post to the Staff

thai-vic Pillar of the Community Thailand 1509 Posts	Posted 10/12/2013 01:15 am As you suggest I think a case of quantity over quality. Four mints serving a population 1.237 billion! Even if you take the most common coins (50 Paise, 1, 2, 5 Rupees) and they make one of each denomination coin for each person each year = 309 million coins per year per mint = that's nearly 850,000 coins per mint per day. Edited by thai-vic 10/12/2013 01:19 am Report this Post to the Staff
Sap Moderator Australia 16836 Posts	Posted 10/12/2013 06:22 am Quantity over quality - and on top of that, the coins generally have fairly low face value. It isn't worth putting further expense into quality control for coins with such low buying power. 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 Report this Post to the Staff
Broken-Coin Pillar of the Community United States 1812 Posts	Posted 10/12/2013 11:44 am Quote: It seems like many world coin errors on ebay are from India. When ebay had gone global (and my finances were a whole lot better), I found a seller in India selling error coins in lots of 10 coins each... I would bid, and win, almost every error coin lot I bid on. I then contacted the seller requesting larger lots and was offered error coins in lots of 1,000 (one thousand) coins... To help prevent customs from opening & inspecting the package, the seller would package the error coins in a unique way, he would shape a cardboard box to hold the coins as tightly as possible (preventing rattling when shaken), then cover the box with some type of white cloth material and sew tight stitches on each bend/corner... I know I ordered atleast 2 of the thousand coin lots along with quite a few ten-coin lots back then and received some awesome errors, one of them a 1 Rupee that was struck over one hundred times (posted on CCF last year)... Up until April 2006 I had a Coin Store on ebay and was selling them in lots of 100 to 500 coins and if memory serves, I believe I priced them at $50 to $250 per lot (less then what I had paid)... I remember the last lot I sold was to a bidder in Taiwan, ROC (Republic of China) Sadly, both my ebay & paypal accounts were hacked into via my ebay store, resulting in my terminating both accounts. Report this Post to the Staff
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