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Japanese Coins... Took The Plunge!

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Finn235's Avatar
United States
6130 Posts
 Posted 03/16/2016  12:40 pm Show Profile   Bookmark this topic Add Finn235 to your friends list Get a Link to this Message Number of Subscribers
I have been struggling to get a 1870-1950 Japan type set off the ground for a reasonable price, since the market is pretty hot for those coins now. So...

http://www.ebay.com/itm/262335206437

Volume discount!

I see at least a handful of types that I do not own yet, plus some that will be significant upgrades. The rest I am hoping to flip.
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Singapore
631 Posts
 Posted 03/16/2016  12:58 pm  Show Profile   Bookmark this reply Add Numister to your friends list Get a Link to this Reply
For less than a dollar per coin, that's pretty decent
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aiglet7's Avatar
Canada
695 Posts
 Posted 03/16/2016  1:55 pm  Show Profile   Bookmark this reply Add aiglet7 to your friends list Get a Link to this Reply
There appear to be some older Japanese coins in the mix as well as a Chinese Qing dynasty coin. For what you paid you got a bargain! Enjoy!
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 03/16/2016  2:57 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
Nice! I am unsure what the grades of many of the coins would be, but I am attempting to complete a Japan Dansco type set as well and haven't gotten to some of those older, yet cheaper coins yet. Trying to work on some of the more expensive ones like the Meiji era Yen coins. Have 2 out of 3 so far! Have fun!
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oriole's Avatar
Canada
5251 Posts
 Posted 03/16/2016  3:49 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Looks good. Maybe I will bid!
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nss-52's Avatar
United States
54283 Posts
 Posted 03/16/2016  4:28 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
The problem with "pile of coins" lots, is that you don't know what is underneath. The seller could put low value coins in a pile and then cover them up with more desirable coins.

Let us know how you made out when they arrive.
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Finn235's Avatar
United States
6130 Posts
 Posted 03/16/2016  9:04 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
The good thing about Japanese coins is that even the more common 1, 5, and 10 sen coins are popular to the point that they have to be pretty ruined to be unsellable. None of these coins are silver, and none are worth more than $5, but very few should be worth less than 50 cents at any rate. And since the seller specifies the date range as 1800-1950 (those Mon may well be older, but I digress), I have leverage to get a refund if the center is just modern junk pocket change. None of the current designs were introduced until 1949 at the earliest, so this should be 100% obsolete designs.

@Kairu, I do have those Yen on my bucket list, but they are way too expensive for my current budget. 80% of the set for 20% of the price Shoot me a PM though if you want to do a trade for any high grade duplicates!
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Finn235's Avatar
United States
6130 Posts
 Posted 03/17/2016  10:38 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
From the same seller if anyone wants to bite:

http://www.ebay.com/itm/Japan-old-c...100408.m2460

Looks like a whole bunch of 1930s-40s 5 or 10 sen looped together, and more Chinese cash than the last, but I see a 5 rin that doesn't show up very often, plus some really nice "rising sun" sen and a few 4 mon coins.
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Russian Federation
5177 Posts
 Posted 03/17/2016  11:08 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
I'm considering doing a set like this, but if so, it wouldn't be via lots. Far too expensive for my budget!
Also, no silver (or minimal silver). Again, far too expensive.

That aside... the Meiji era copper sen and (especially) rin coins will probably be the hardest to get (unless I'm forgetting some really rare type). Never seen any for sale so far (except online, obviously).
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 03/17/2016  11:11 am  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
Will have to double check what all I need but will keep you in mind good sir! Keep us updated on what you get I always wondered how the "2+ pounds" sort of listings turn out for the people who buy them.
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Finn235's Avatar
United States
6130 Posts
 Posted 03/17/2016  1:42 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
The Meiji sen are actually very common, but pricy in AU/BU. The 1 rin is a very rare and expensive coin, being the equivalent of the US "mill" which the Mint never saw fit to make due to negligible purchasing power. 1/2 sen coins can either be denominated as such, or as 5 rin. Meiji and Taisho 1/2 sen are fairly common, but anything denominated as 5 rin is much more scarce.

Aside from that, the big ones (barring gold, patterns and the large silver Yen) are the WWII occupation coinage, and especially the clay and porcelain 1, 5, and 10 sen coins--each $50+ coins.

As of right now, my collection includes the full set of modern coinage, save for some single-year experimental metal changes, and no NCLT and only some of the commemorative issues. I do have some nicer pre-WWII coins, the best of which are an AU 1880s 20 sen, and an XF ca 1900 5 sen with a very improperly mixed planchet.
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 03/17/2016  2:04 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
I keep a lookout every once in a while on graded early Japan copper. A couple awesome deals I found were here. Also I have compromised to get my two Meiji Yen coins as problem ones. One with a small hole and the other possibly cleaned but just went cheaper than most I see on sale. Keep a watchful eye and deals with find you! :)

https://goccf.com/t/246244&SearchTerms=japan
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Australia
3831 Posts
 Posted 03/17/2016  7:46 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Historically most Japanese coins have been severely undervalued except for some excessively rare gold coins which were stored in the Bank of Japan. I guess it was only the last 5 years that the prices have slowly gone up.

Fortunately many of the base metal coins in strong XF+ condition are still very very affordable if you are not looking for key dates. Wait till you start a type set album... that will quickly lead you to a downfall...
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Finn235's Avatar
United States
6130 Posts
 Posted 03/30/2016  11:10 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Got them in the mail yesterday! I was able to sort them by type and will go through to cherry pick as time allows. Most of the coins were aluminum or zinc, so there were a LOT of coins for that 2.2 pounds!

Here is a readout of what was included, in order of most to least:

50 sen, small type 1947-48 (probably 75+, grades F to XF)

10 sen, 1944 zinc type (50+)

10 sen, 1940-43 aluminum type (25-50)

10 sen, post-war aluminum 1945-46 (30+)

5 sen, post-war aluminum type 1945-46 (30+)

1 sen, imperial crest bronze Taisho/Showa (25+)

1 sen, bird design aluminum 1938-40 (25+)

1 sen, Mt Fuji aluminum 1941-43 (25+)

5 sen, aluminum war type 1941-43 (20+)

1 sen, 1944 zinc type (20+ and most ruined by zinc rot)

1 yen, 1949 bronze type (20+)

10 yen, Taisho/Showa sacred mirror type (10+)

1 sen, Meiji dragon (5-10)

5 sen, 1944 zinc (5)

1 sen, bird design large bronze 1938 (4)

1/2 sen, Meiji dragon (3)

5 yen, pigeon/ temple design 1948-49 (3)

10 sen, bronze waves design (3)

10 sen, holed nickel early WWII (3)

50 sen, large bronze 1937 (3)

5 sen, bronze waves design (2)

5 sen, WWII zinc 1944 (2)

5 sen, Taisho/Showa sacred mirror (2)

2 sen, Meiji dragon (1)

1 sen, Taisho rising sun (beautiful chocolate toned XF/AU)

Lot also contained a handful (10ish) of 1 and 4 mon coins, one that I need to work to ID, and a French IndoChina 1/4 cent.

So between this lot and the coins I already have, I believe I have an *entire* type coin set of Showa 1926-1989 (excluding commemoratives and patterns) and a good chunk of Meiji and Taisho. Now to sell the duplicates to have fodder for the silver
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 03/30/2016  1:33 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
Nice! yeah a lot like that and my type album would be mostly full. Just haven't gotten around to getting those mid-1900s other than looking at really high examples (to see if I can find others that will go for less than $15).
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Finn235's Avatar
United States
6130 Posts
 Posted 03/30/2016  5:09 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
The 1945-1950 coinage seems to be tricky. They all have high (100M+) mintages, and each design was in place for only 1-3 years before being pulled and replaced. They do not circulate and will never show up in a "foreign exchange" lot, and hardcore collectors of Japanese coins don't really collect them.

The zinc coins I think will be some real sleepers for the series. Based on the level of zinc rot, I think that preserved specimens may command some real premiums in another few decades. I'll post some pictures--the one sen coins are so ugly that I could sell them as "Salvaged from a crashed Zero in the Pacific" on ebay.
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