India-Portuguese Goa 1/8 Rupia 1881 KM# 309 Price Question

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Author	Replies: 3 / Views: 1,138
Aragorn78 New Member Bulgaria 27 Posts	Posted 07/16/2019 4:27 pm Hello, I was wondering why there is such a big discrepancy between the catalog price of this coin and the price in ebay (and other places). The KM price is 100 USD for G, 200 for VG, 300 for F, 400 for VF and 500 for XF condition. https://www.NGCcoin.com/price-guide...duid-1507130 But you can find it at price about 30-40-50 USD for F-VF. I have 2 such coins, one F-VF, the other VF and I have bought them for about 20-25 USD each (I was considering it as a very nice investment). The discrepancy is too high (about 10 times), I am curious, can anyone explain it? Edited by Aragorn78 07/16/2019 4:30 pm Report this Post to the Staff

living-in-the-past Valued Member United States 134 Posts	Posted 07/16/2019 5:33 pm I do not have any insight into how Krause sets the values in their catalog. However, I see countries where prices seem too high across the board (New Zealand and the Netherlands come to mind) and where prices are sometimes too low (China and Iraq are frequently getting higher prices on ebay than catalog). At the end of the day, value is in the eye of the beholder and all you need is two bidders who want the same coin to drive the price up. At the same time, especially with auctions your potential buyer(s) may not be looking at items that week. I think the Krause catalogs are a valuable resource to determine relative value, but not absolute value. Report this Post to the Staff
Seeker55 Pillar of the Community United States 635 Posts	Posted 07/16/2019 10:11 pm Indian coins often sell for far below book value, often somewhere near half or even one-third. For one thing, you're competing with sellers from India. That said, this example does seem somewhat extreme. It might be that more examples of this coin have appeared in the market, or for some reason demand has dropped. Also, maybe book prices listed are from higher-end auction houses. I'm just guessing - don't know the real reasons. Report this Post to the Staff
Aragorn78 New Member Bulgaria 27 Posts	Posted 07/17/2019 03:52 am The mintage is about 900 k and there is only one year (1881) with this nominal (1/8 - oitavo de rupia), could this fact be the reason for the high catalog price? Report this Post to the Staff
	Replies: 3 / Views: 1,138

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