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 Replies: 12 / Views: 7,822 |
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New Member
Malta
1 Posts |
Are normal circulated coins worth collecting? I'm in Malta atm and I notice quite a few euro coins from different countries. I also checked out ebay for malta coins and I see sets from 2014 and 2008 selling for 15-20 euros (including shipping with nominal value <4 euros). Are these sets being sold new and unopened and thus the premium? Or is the large premium due to Malta being a small country with lower circulation and any regular coin will do? State of the coins: Again these are normal circulated coins and most look a bit worn out . But some (mainly from supermarkets) look as good as new. But they've also been circulated obviously. I've been collecting both maltese and foreign euro coins for the past month and curious if I can resell these for > nominal value? |
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Bedrock of the Community
Australia
21788 Posts |
coinmalta:  to the CCF! Generally speaking the answer is 'NO'. That should not stop you from collecting an example of each denomination and design that comes your way in pocket change. Upgrade and replace the poorer examples in your collection, when a better one of the same type comes your way. I have done this with common circulating Australian coinage, just for fun. The cost is face value only. Keep all of the best condition Malta coins that you find. You may be able to make a profit by selling them in sets into the rest of Europe, to other collectors who are doing the same thing, like yourself. |
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Bedrock of the Community
United Kingdom
17951 Posts |
Coinmalta - you can also trade here with other members when you have enough posts!
If you're lucky enough to get any San Marino, Monaco or Vatican coins, these will be well worth saving even in average circulated condition!
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Pillar of the Community
United States
1156 Posts |
Quote:I also checked out ebay for malta coins and I see sets from 2014 and 2008 selling for 15-20 euros (including shipping with nominal value <4 euros). Don't pay too much attention to the asking price. Check ebay auctions that have ended with a successful bid to see what these have sold for. and |
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Pillar of the Community
 United States
2448 Posts |
I find Euros, unfortunately, rarely. I wish I were in an environment allowing more exposure to Euros. They're no different from modern coinage, no precious metals. If it's dated and shiny, I go for it.
Edited by carmykle
02/05/2015 1:24 pm
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Pillar of the Community
Germany
1064 Posts |
Depends why you collect. Personally I like collecting from circulation in different places. The buzz of getting those coins, and doing stupid stuff to make sure you get a certain denomination in your change (for me at the moment it's 2 euro coins, got 4 1 euro coins today when trying to get 2 euros).
If you're looking for an investment, then most euro coins aren't worth the time at all. Some of the 2 euros and the Vatican, San Marino might be worth it, but I don't do investments.
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Moderator
 Australia
16837 Posts |
Mintages for Maltese euros in the first year they made them, 2008, were fairly high - 10 million or more, for each denomination. Wikipedia. This was more than enough for Malta's own use for several years, so apart from commemorative 2 euro coins, they haven't issued any more for circulation - only in mint sets. Malta is too small to have it's own mint, I believe all their coins are struck in France. The 2008 mintages are also high enough to mean that 2008 circulation Maltese coins should not attract too much of a premium. 2008 mint sets are, of course, uncirculated, and uncirculated coins always carry a premium over circulated ones. 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
Germany
1238 Posts |
Malta used and uses various EU mints - Pessac/FR and Utrecht/NL (also Brussels/BE for various collector coins). The part where things get tricky is the commemorative €2 coins: The regular pieces issued since mid-2012 have no mint marks while the ones in the sets have Utrecht's caduceus ... Side note: A similar effect (no further coins necessary) can be found in several euro countries. France for example has not issued any 50 cent and 1 euro circulation coins since 2003. Germany: no 50 ct since 2005, no €1 since 2006. Sets for collectors excepted. :) Christian |
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Pillar of the Community
United States
840 Posts |
Dredging up another old topic - whether you collect circulated euro coins is a matter of personal preference. Based on the mintages, I doubt that many of the coins will have any significant financial value. However, the fun of collecting is itself valuable. The thrill of building complete sets from pocket change is itself rewarding. But if your goal is to get rich, then, no, I doubt that would happen.
I do have a beautiful commemorative 5-euro coin (silver NIFC) that I very much enjoy. So I would recommend keeping an eye out for odd denominations like this. Sometimes an inexperienced collector (usually young kids) will break open a coin set and spend the coins.
FWIW: I have 4,777 euro coins sitting in bags in a closet (yes, I counted them all!). That includes 1,258 1p and 2p coins that are rarely used in some EU countries anymore (including Ireland). I know the coins aren't particularly valuable but they are inexpensive souvenirs from recent trips. And if I ever get bored, I can bring them to the bank (in Ireland) and exchange them for paper money.
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Pillar of the Community
United States
7950 Posts |
Quote:
whether you collect circulated euro coins is a matter of personal preference. Based on the mintages, I doubt that many of the coins will have any significant financial value. However, the fun of collecting is itself valuable. The thrill of building complete sets from pocket change is itself rewarding.  |
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Bedrock of the Community
United Kingdom
17951 Posts |
There are some pretty scarce euro coins, such as the 2004 French 10 cents, which apparently was struck only in sets and in small quantities for circulation in the overseas departments (so you might get one in Martinique or Guadeloupe). Any Vatican, San Marino, Monaco or Andorra coins would be well worth saving in circulated condition.
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Bedrock of the Community
Canada
24885 Posts |
Edited by Dorado
11/16/2018 6:05 pm
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Pillar of the Community
United States
840 Posts |
Thanks for that link - nice info.
Next question: who wants to search my bags of circulated euro coin to look for the rare coins? My eyes just aren't that good any more.
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Replies: 12 / Views: 7,822 |
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Posted 02/05/2015 10:15 am
