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 Replies: 15 / Views: 1,700 |
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Pillar of the Community
Korea, Republic Of
1881 Posts |
A new acquisition. It was listed for $9, which I thought was a bargain for its condition. Any opinion on its grade — British grading, or on the Sheldon scale — will be appreciated :)   |
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Pillar of the Community
United States
992 Posts |
Looks genuine, lots of fakes out there. Nice eye appeal, to me, I give it a nice XF-AU from the photo.
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Rest in Peace
United States
17900 Posts |
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Pillar of the Community
 Korea, Republic Of
1881 Posts |
Thanks for your opinions, paxbrit and moxking!
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Pillar of the Community
United States
1475 Posts |
A nice buy  High grade cent for sure. I like it. |
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Bedrock of the Community
Canada
24885 Posts |
I like it |
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Pillar of the Community
United States
992 Posts |
For the record, you will not go wrong picking up British Colonial coinage with good eye appeal, it's just too popular with collectors.
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Pillar of the Community
Australia
3831 Posts |
9 dollars? Could easily go 5 fold on it as Hong Kong coins have been very popular.
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Pillar of the Community
Korea, Republic Of
1881 Posts |
Coconutjoe-
I'm loving its look just as much as you have, and it does seem indeed to be with great details remaining.
Dorado-
Yes, I too like the piece very much—a steal for what I've paid, really.
paxbrit-
Good eye appeal could never go wrong, you're absoultely correct. It's one of the reasons why I had to snatch this one, too.
gxseries-
As you may know, the hobby here in Korea is mainly focused on Korean coins. And of them, modern circulating coinage (Republic of Korea) and commemoratives are the most popular and widely collected. Nowadays some semi-key date modern Korean coins are probably cheaper outside Korea, as the hype has been building up for a long time.
Of course, there are plenty of more serious collectors with broader areas of interest and with deeper knowledge and experience too, but I'd have to be thankful that these coins are not of high demand for the general numismatic community, which allows me to "cherrypick" and get good deals.
It's great how the Straits Settlements, Hong Kong and other British colony coinage have not yet gained popularity here, for collectors like me.
Edited by Matteproof
06/03/2018 11:02 am
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
Australia
3831 Posts |
Matteproof - it's definitely a good buy. I would have bought it within a heartbeat. Mine happened to be cleaned. As I collect the more popular Asian coins, I keep an eye out for them.
I noticed that prices of Korean coins have been steadily climbing for the last decade. I actually did have collectors from Korea asking if I would sell some of the scarcer Korean coins that I have. I did have a couple of regrets - I should have bought the 1982 proof set and 1898 5 fun large variety when I could have. The other coins are literally out of my reach as they are easily hitting the four figure mark... Of course I am missing a few holes in my collection but I'll leave that aside for now - I haven't finish sorting what I have!
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
Korea, Republic Of
1881 Posts |
gxseries-
To me modern Korean coin collecting seems to have turned into something more of an investment or hoarding as most people who collect them here seem to be interested in only quantity and sending in even common-date Unc coins for grading for really, the slabbing itself to resell at a premium to collectors who will "pay for the slabbing itself."
From guys hoarding boxes of mint-wrapped rolls of coins from even the common dates in hopes that one day prices wil rise to people who will hoard key dates, preventing the "circulation" of such coins in the numismatic community and essentially giving them the power to change the market values of such coins. Along with the general numismatic community focused mainly on modern Korean coinage, prices of some items such as the 1982 Proof set and some others have skyrocketed in recent years.
You can see some extreme people here. Just one example is a guy who has collected—to be more precise, hoarded— and astonishing *50* 1998 500 won coins. And that's not including the slabbed ones and ones intact in their original mint set casing.
And yes—I do respect all types of collecting, and no matter what they collect, I have no right to criticize them in any way. However the loss of the "collector spirit" is something different, as a true lover of coins myself.!
I've escaped from this craze fortunately, and so far I'm enjoying collecting world coins very much. As a Korean proverb goes, "the frog at the bottom of the well" can't see how beautiful the world is outside the well, unless it has escaped from it.
Edited by Matteproof
06/03/2018 11:49 am
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Pillar of the Community
Korea, Republic Of
1881 Posts |
Coinfrog-
thanks for your opinion. I agree on that grade too. Anyways a nice looking coin.
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Pillar of the Community
Australia
3831 Posts |
I think if you appreciate type set - you can escape some sense of absurdity however once you run into a hole... it can drive you mad. I have a nice Hong Kong type set but it's missing a hole. The same with Imperial Korean coinage - I would missing a 1893 1 hwan and 1909 5 chon, both which are rare.
I guess Korean coins have been very underappreciated for a long time and it was the Japanese who really knew how scarce they are. If you look at nickel copper and gold coins, I believe they would easily be the upper ranks of world most expenisve coins. Of course, people think that translates to current day coinage which sadly is not true. That said, there are varieties and error coins waiting to be discovered in which changes the equation completely. I remember I saw an clipped, off centre 5 won coin for offer for 3,000+k USD. Of course it seems absurd but I have not see another error coin of that caliber since then. Whether that was a bargain or not, I cannot tell but error Korean coins are quite scarce.
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Bedrock of the Community
United States
36710 Posts |
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New Member
United States
37 Posts |
I concur with AU 55. However every coin gets a 58 at NGC these days.
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Replies: 15 / Views: 1,700 |
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Posted 05/23/2018 4:44 pm
