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 Replies: 11 / Views: 2,072 |
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Pillar of the Community
United States
767 Posts |
Hi. I've noticed that some American websites that offer to buy bullion coins offer slightly less money for foreign coins. As an investment, selling everyrhing in 30 years when I retire, is there any sense in buying foreign coins? For some reason, I always fall in love with Canadian coins like this one: http://www.ebay.com/itm/111355136453I have nothing against U.S. coins, but I feel that often times foreign coins are just more attractive than what's available from the U.S. mint. I have this fear of walking into a coin shop in 30 years, and the guy behind the counter says "don't nobody want that Canadian cr*p. Get outta here" or some other terrible thing. |
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Pillar of the Community
Canada
5417 Posts |
That an isle of mann coin lol. Anyway, there in no harm in buying Foreign coins, especially if they're just from Canada or Europe (Maybe not so wise to buy rare variety Chinese medieval coins though). They'll be easy enough to sell. There are a couple US dealers who I'm a regular at who deal exclusively in World Coins and avoid the US coins market. They have really fair prices when it comes to buying and you will do nicely on ebay if you're in no hurry to sell. |
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Pillar of the Community
 United States
767 Posts |
Oh I just assumed that it was Canadian - had no idea what the "isle of man" was. Pretty coin though.
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Pillar of the Community
United States
589 Posts |
I too find world coins to be beautiful and priced just right. For me it is mainly gold(any date) and early European coins(silver). On the gold coins staying close to the spot price is possible much like the US gold bullion. On the silver dollars I'm happy that they're not priced like the early US coins. |
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Pillar of the Community
United States
1234 Posts |
One reason for foreign coins costing less is they usually have lower percentages of silver, the Canadian Silver dollar has .6 of an ounce of silver compared to the US silver dollars having .7735 of an ounce.
Same thing with quarters they were .15 in Canada and .18 in the US.
I love foreign and was thinking about picking up some silver Peso's at my LCS. I think he said $10 per and they are .40 of an ounce which is more than the US half's (.36) that he wants $10 for too.
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Valued Member
Canada
95 Posts |
I have the same problem.
I am from Canada and love American coin's
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Pillar of the Community
United States
4883 Posts |
So far as bullion coinage goes, so long as the issuing sovereignty has an unblemished record with respect to weight and purity, I don't see any real problem, whether they be Chinese Pandas or Mexican Libertads. In fact, many older silver coins for circulation in other countries were struck by the U.S. Mint. Here's a good article on that: http://pdxcoinclub.org/articles/For...%20table.pdfColligo ergo sum
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Pillar of the Community
United States
7840 Posts |
I have a jar of coins from the countries that I have "visited" while in the Military.
The countries that I exited from would take their paper currency but did not want the "change".
Edited by oih82w8
05/31/2014 9:53 pm
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Pillar of the Community
 United States
1949 Posts |
I live in the U.S. and primarily collect Canadian and foreign, many times you can get coins that are either rarer or of higher grade for the same amount of money as an American coin
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Bedrock of the Community
United Kingdom
17923 Posts |
Living in the UK I can often get foreign coins more cheaply here than in their countries of origin, but dealers usually don't specialise in them so you have to pick up whatever's available. However some dealers sell 'popular' coins like Kennedy half dollars and Morgan dollars for crazy prices, promoting them as 'Memories of a Great Statesman' or 'Souvenirs of the Wild West', so you have to be on your guard... |
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Bedrock of the Community
Australia
21786 Posts |
I have what I think is a nice collection of foreign coins, that have a particularly strong U.S. bias.
Over 200 U.S. pieces.
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Bedrock of the Community
United States
20753 Posts |
So much depends on where you go to either buy or sell anything. As an example by me once in a while there is a World Coin Show. And it as if it's crime to have a US coin on display there. At most of the regular coin shows I go to there are tables of US, World, or specific country coins. Most dealers don't have both. Trouble with foreign coins in the USA is most people have no idea how much they are worth, how to find out how much they are worth and where to either buy or sell them.
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Replies: 11 / Views: 2,072 |
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Posted 05/31/2014 9:29 pm
