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Buying World Coins At "Correct" Price?

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Finn235's Avatar
United States
6130 Posts
 Posted 05/11/2015  1:10 pm Show Profile   Bookmark this topic Add Finn235 to your friends list Get a Link to this Message Number of Subscribers
Just something I was thinking about the other day--on paper, most world coins (pre-Euro, demonetized African/Latin American etc) in existence are worth next to nothing. However, even if you were to buy in bulk, you typically pay 2-10x the coin's actual value.

Is there any way to get these miscellaneous junk world coins for a more appropriate price? Not that I have plans to in the immediate future, but I can foresee where it would be nice to have "funny money" for my kids to learn about economics and geography as they grow up.
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NumisRob's Avatar
United Kingdom
17990 Posts
 Posted 05/11/2015  1:37 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Do you have access to any local charity collectors? I used to know a guy who sorted out used stamps and foreign coins that people donated to a local charity through donation bins in banks and shops. He would let me have his junk coins for a small donation, or in exchange for used stamps that I got from the post room staff at my workplace. Sadly he has since passed away and I don't know who is doing his job now.
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United States
589 Posts
 Posted 05/11/2015  2:32 pm  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply

Quote:
He would let me have his junk coins for a small donation, or in exchange for used stamps that I got from the post room staff at my workplace.

That would be an awesome use for my several hundred cancelled stamps I receive in the mail weekly. Currently, they're just sitting in a couple boxes.

However, as to getting foreign coins cheap, check your LCS's. Although it was about 10 years ago now, I found a coin shop that was selling foreign coins for 12.5 cents each. And that was for any coin, small ones, large ones, silver ones thrown in the mix, 1800's, 1900's, 2000's, and the occasional 1700's mixed in, ones that aren't worth much, and ones that are worth $30-60 individually.

There's gotta be other shops in the country that don't care about foreign coins and just want to get rid of them for whatever price they can.
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