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 Replies: 60 / Views: 9,897 |
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Pillar of the Community
United States
570 Posts |
Old, modern, proof or not. I'm really curious to hear the opinions from those who've been in the foreign coin market longer than others, of course everyone is welcome to chime in.
When I began buying silver coins 10 years ago, I came upon a silver coin that, at the time, usually sold for a few bucks over the value of the silver, the 1972 Ethiopia 5 dollar coin. I thought it was a nice eye-appealing coin, minted just one year and figured it would be a better buy than the silver coins minted in the millions every year that everyone else was buying for their silver content. That coin has done well, was selling for about $50 until recently when the value calmed a bit. Not a huge investment, but this coin led me to see that, after all these years of collecting and investing, there were still coins out on the market that were undervalued and had investment potential.
I suppose it wouldn't be fair of me to ask this of others without giving an example of my own. I do have a relatively small list of coins I hunt for, and at the top of my list is definitely the Netherlands Silver Rider / Ducaton coin in higher grades. They are not cheap, but I do believe they are enormously undervalued even at today's market prices. They have everything, age, size, eye-appeal, and they're extremely rare in high grades.
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New Member
United States
37 Posts |
Early post-independence Latin-American coinage, Mexico being the exception.
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Pillar of the Community
Canada
5239 Posts |
There are so many-it is hard to know where to begin. Part of the problem is the notion of "undervalued". How is the value established? Usually (it was) based on Krause, and there are many coins there with low values there that I have never seen in my years of collecting world coins. To give an example, the Tuvalu coins of 1994. Mintage is unknown even now, but surely well under 100,000 like all the other Tuvalu coins. Catalogue prices start at 50 cents. So likely undervalued, in that sense, but the few ebay sales are 5-10 times the 'catalogue' value, and likely the true value. So it may be hard to establish the value without a lot of work. If by undervalued you are thinking of which coins might sell for quite a bit more in 5-10 years I wish that I knew. |
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Bedrock of the Community
United States
10034 Posts |
I the 60s and 70s when I was a kid living relatively close to the Canadian border, I used to marvel at how low Canadian mintages were as opposed to US mintages. I started to collect Canadian coins first and foremost b/c I like them. But as a kid I thought of how much they HAD to increase in price b/c of relatively few being made. I thought I had better get mine while I could. I have no regrets over buying my 1925 and 1926 Far 6 nickel back then for the going price. But they both have lost value when comparing the value of the dollar back then and now in 2020. The advent of the internet made it easy to buy key Canadian coins 24/7 with a mouse click. I would venture to say with more availability, more people were able to fill filling album holes. Yet the low mintages still have not meant a value increase for coin in 50 years.I am guessing when it was more difficult to get the coin, people paid more. When the low mintage coins became available 24/7, people were not willing to pay as much as they were years ago. Supply and demand. I would also think there are other factors I do not know/understand that have factored into prices actually dropping over the years. Unless there is a mass movement worldwide that all of a sudden makes millions of people interested in Canadian coins, I suspect the lower mintages of Canadian coins will still not mean, like most coins, that investing in them will mean a good return in the future. Just my two bits. It would be nice if time shows I am wrong  |
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Pillar of the Community
 United States
570 Posts |
oriole, Quote:
If by undervalued you are thinking of which coins might sell for quite a bit more in 5-10 years I wish that I knew. Yes! Quote:
Part of the problem is the notion of "undervalued". How is the value established? And yes, again, exactly! It's all relative, and it's all opinion, and by definition, it's a minority opinion.
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Pillar of the Community
United States
570 Posts |
Earle42,
Yes. Supply is only half the equation, it is demand that makes the difference. But demand can change, while supply remains relatively constant. And demand can certainly change, rather significantly. I look for coins that have, at least, rarity and eye-appeal, and for some unknown reason, low demand, which I believe will change over time.
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Pillar of the Community
 Canada
5393 Posts |
Yours is an impossible query to answer properly .
The world coin market at the high end is flaky at best and what is hot
soon is not . It takes many years of attending coin shows around the world
Researching auction catalogues and attending sales .
Also deep pockets are a must , and most important knowledge of
Foreign grading standards is paramount .
A good example of how you can get caught up in all of this .
Back in the 1979 to 1981 era Netherlands Square nickels were Red hot .
Four or five dealers were paying what ever it took to buy them .
Today you would have an impossible time unloading them .
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Pillar of the Community
United States
570 Posts |
Pacificoin,
Sure, not impossible, it's difficult, and by definition, it has to be. To say a coin is undervalued is a minority opinion, otherwise it wouldn't be. I'm trying to figure out where the market is wrong and hoping it corrects. For a lot of non-US coins, the market for them is small to tiny. Valuations can be tough to determine.
Edited by beem
04/10/2020 12:03 pm
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Pillar of the Community
Canada
2781 Posts |
the market is never wrong except for the initial wave (ie beanie babies)
coin collecting had it's correction the day the internet was born. as such there is nothing out there that is undervalued.
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Pillar of the Community
Canada
5393 Posts |
Beem take Wades comments seriously , that about sums it up .
As I said an impossible question to answer!
Edited by Pacificoin
04/10/2020 12:32 pm
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Pillar of the Community
United States
1962 Posts |
Quote:
Early post-independence Latin-American coinage, Mexico being the exception. You're about 10 years behind on that!! |
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Pillar of the Community
United States
7273 Posts |
I wouldn't say anything is under valued. The market sets the value. Some coins have greater appeal than others. For example I like Peace dollars more than Morgans, one can complete a Peace dollar set with reasonable funds but a full set of morgans is almost impossible unless you have bucko bucks. I appreciate that the market value Peace dollars less than Morgans. But as to under appreciated I think the Canadian Large cents and Maritime province coins are under appreciated. Theses are beautiful historical coins that not many people collect. I found a box at my local coin shop that wasn't touched in 30-40 years. Prices were excellent. Again I appreciate that not everyone wants these. So my 2 cents, the market decides value, the appreciation/desirability of the coin gets one the market. |
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Pillar of the Community
United States
570 Posts |
Quote:
Beem take Wades comments seriously , that about sums it up .
As I said an impossible question to answer! I hope no one takes Wade's comments seriously. :) Impossible? I'm not looking for facts, I'm looking for opinions. hfjacintoThanks for the contribution. Sometimes coins which no one wants become coins lots of people want. Edited by beem
04/10/2020 2:21 pm
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New Member
United States
37 Posts |
Quote:
You're about 10 years behind on that!! I think they're still underappreciated :) |
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Pillar of the Community
 United States
7934 Posts |
I think older minor world coins are underappreciated.
Most collectors chase after the big flashy ones and drive up the prices. There are many smaller ones that are attractive and available in high grade for modest price. There is a poster here on CCF who began collecting Guatemala 1/4 real coins, and another who collects early Hungarian denars. These are examples.
Are they a smart investment? I am the type of collector who doesn't care at all about that, and I would guess the two collectors I mention don't either..
Edited by tdziemia
04/10/2020 4:05 pm
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Pillar of the Community
Australia
2180 Posts |
Anything that the Franklin Mint produced.
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Replies: 60 / Views: 9,897 |
Posted 04/10/2020 11:00 am
