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 Replies: 18 / Views: 2,895 |
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Valued Member
United States
54 Posts |
Hi all,
I am considering specializing in selling older, mid to high value coins from only one or two Foreign Nations. I am trying to avoid picking Foreign Nations that has coins no one is interested in collecting.
Any advice or personal experiences along these lines would be very helpful.
Thanks... Dan
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Pillar of the Community
United States
4897 Posts |
I guess my question would be what is your motivation? If it is to make a lot of money, I would suggest a different route.
England, German States/ Germany, Italian States, Spain/Mexico, China all have interesting histories and coinage people enjoy collecting. Whatever you choose will take A LOT of studying and time to have any chance of profiting....sans any luck.....
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Valued Member
 United States
54 Posts |
Thanks for comment, I made mine in the 1960's/1970's when the Dollar was worth more than 3 Cents... lol My motivation is two-fold; (1)A small return $100/$200 week to augment income, and (2) provide me with what I've enjoyed over the past 70 years... business and interacting with people. I've been 'Selling' coins on ebay for several years, all 'here-today, gone-tomorrow' customers. Little to no opportunity to establish rapport or personal relationships with Buyers. It may be a fault nowadays, but I distinguish between a 'customer' and '[my] customer'. A pat on the back can go a long way to some. Regards... Dan |
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Pillar of the Community
United States
1156 Posts |
I'm curious as to how you would acquire your stock in a way that limits it to one or two specific non-USA countries and provides the margin for your profit. Obviously, you could cherry pick them from the same sources as any other collector but that would be very time consuming for any significant volume. The other method is to buy entire collections in order to get wholesale prices but you would likely get many different countries.  with amida17 on the short list of countries and would add France and the Netherlands. It's from these (minus China) that I collect my 18th century and earlier world crowns. |
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Valued Member
United States
234 Posts |
Pick a country whose coinage you will enjoy studying. As others have said, you will have to do a lot of research to make any profit.
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Valued Member
United States
54 Posts |
Good morning people,
My goal/agenda is to 'limit and restrict' inventory to a Country and/or the coin.
jgenn...
I am not seeking 'significant' volume in numbers of coins, nor revenues. I agree that to create and re-stock a specific inventory is a time consuming challenge, but 'The research' required is something I truly enjoy doing. Fortunately, I have all the time necessary.
Alp...
I'm leaning towards Latin American Countries, either Central or South America, and considering the viability of limiting inventory to only 'Pesos' and/or 'Reales'.
Dan
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Valued Member
Canada
335 Posts |
Pick Poland! It's a great country for coins, but the history is at times confusing. There's a lot of people that would buy them as long as they aren't over priced.
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Valued Member
United States
232 Posts |
If you are looking for Latin America, then Mexico and Peru would seem like good choices, especially if you are planning to include colonial era coins. As I recall, Mexico minted silver circulation coins until relatively recently - perhaps you could get high grade examples of those with some frequency.
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Valued Member
United States
54 Posts |
A little frustrated...
I located a coin company that did limit their inventory to only coins from Mexico. I will monitor them for a while, but at first glance the inventory appears to be in the many hundreds of thousands of dollars. A project like that would be way beyond by reach. I may have to modify my ambitions.
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Pillar of the Community
Canada
1118 Posts |
Since you are an American why not go with India? You can compare and contrast two giant multi-cultural countries coming into their own as they throw off their British ties.
Also the old silver coins should hold their value and with India becoming more prosperous they will want to buy their coins back as a leisure hobby.
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Valued Member
United States
54 Posts |
India would definitely become a huge market if coin collecting took hold. It has a long and fascinating History besides its journey through Empirical Rule. I myself rarely invest in US coins as a matter of principle. I am definitely an American, but most of us have become more than just disenchanted with those who have taken control of 'our' government. I actually consider a major part of my Buying and Selling coins as occupational therapy. It keeps my mind off Politics, and allows me to communicate with others, Worldwide, with similar circumstances. |
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Pillar of the Community
Canada
2805 Posts |
I would agree on India - coin collecting is getting more and more popular there as more and more Indians get disposable income - the modern series of commemoratives are already avidly collected, and poor quality control leads to many rare and meticulously documented modern varieties. Modern Indian coins are also the single best source of spectacular mint errors. I think going into British and Republic of India coins would be a very good future investment.
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Pillar of the Community
United Kingdom
2869 Posts |
Edited by Bacchus2
08/28/2014 07:07 am
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Valued Member
United States
54 Posts |
Very impressive collection and forum. Your passion is obvious. Thanks for sharing. I have only acquired one coin which is cataloged as 'Portuguese-India'. Your thoughts about it are welcome. It is currently listed on ebay under Seller name, 'domingo1112': 0148-1881-India-Portuguese-GOA-1-8-Rupia-Oitavo-KM-309-RARE-AU-NR I was told it is rare in this condition, but your expertise in this area would be highly regarded. Dan |
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Pillar of the Community
United Kingdom
2869 Posts |
Hi,
I am by no means an expert on everything nusmaticially Indian - I just collect what I like.
I don't think I'd call that coin AU though - more like F (UK grading) If it's the same one.
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Valued Member
United States
54 Posts |
I purchased it as an 'AU', but have not not had it examined by TPG. Do you have any thoughts on the 'Conservation' services now being offered to industry? Dan |
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Replies: 18 / Views: 2,895 |
Posted 08/25/2014 12:06 am
