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What Are Some Of The Most Underappreciated And Undervalued Foreign Coins?

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Slerk's Avatar
Russian Federation
1557 Posts
 Posted 04/16/2020  03:39 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply

Quote:
it is a pattern coin, not meant for circulation. This is why it's expensive
.
What? How did you define this?
Pillar of the Community
Russian Federation
5177 Posts
 Posted 04/16/2020  07:12 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

Quote:
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.
IIRC, Hungarian denars used to be cheap when that guy started (to the extent where other people were also collecting them by the dozen), but are a lot more popular now. I know that I've only managed to get my hands on one Hungarian denar over several years before finding four in one bin a few months ago.

Quote:
British silver coins from Victoria thru George VI are way undervalued in VG thru F grades. The new collectors can't afford coins in VF or better, so buy in VG or F but they're scarce because so many have been melted for scrap.
Is that British VG or American VG? I have two or three Victoria silvers, and I think a few later ones (though IIRC nothing from Edward VII yet), but they barely make American VG, if that (particularly the Victoria ones).

[Some googling tells me that the British system has no VG at all, and the British grade corresponding to American VG is "Fair". Is this correct?]
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Mr T's Avatar
Australia
2180 Posts
 Posted 04/18/2020  01:55 am  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply

Quote:
British silver coins from Victoria thru George VI are way undervalued in VG thru F grades. The new collectors can't afford coins in VF or better, so buy in VG or F but they're scarce because so many have been melted for scrap.


That is a little surprising - I remember buying a Fine 1834 shilling a few years ago for much more than scrap but that seemed fair for a 180 year old coin that was high-value in its day. Maybe 19th century silver was produced in smaller numbers than I imagined anyway.


Quote:
Now I am paying more attention to Fiji coins. This is a very exotic country and its coins are appropriate, but I am still convinced that they are not appreciated.


Very true - getting a full set of Fijian decimal coins is not hard because they're rare - it's hard because few bother to list such coins individually (they're treated as modern junk).


Quote:
hmmm Franklin Mint I would agree with others especial since there is very little demand/competition to pick up anything with their name on it. I'm not sure in the US, but know that in Australia dealer can't run fast enough away from these coins, you mention that mints name it almost like saying the devils name hahaha, I wonder why tho as I'm not old enough to know (from what I understand they went under but why does that have anything to do with their body of work) ?, for a shrewd collector there aren't a couple of types of coins that are very valuable that people are that aware of.


I think they got a bad name for flooding the market with made-for-collector coins back in the mid to late 1970s, but as people lost interest in their stuff, the mintages also declined, meaning that a lot of 1982 or 1983 dated Franklin Mint stuff is actually quite rare, and production for a few countries lasted into 1984 creating some very rare coins.
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NumisRob's Avatar
United Kingdom
17980 Posts
 Posted 04/18/2020  1:30 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
Since the Euro was introduced, the post-2002 issues of Monaco, the Vatican City and San Marino have been much in demand, but the earlier issues by those three tiny countries have been largely neglected, and many of them are much cheaper than the same countries' Euro coins, even though their mintages are often much lower.
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Russian Federation
5177 Posts
 Posted 04/19/2020  11:57 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

Quote:
Since the Euro was introduced, the post-2002 issues of Monaco, the Vatican City and San Marino have been much in demand, but the earlier issues by those three tiny countries have been largely neglected, and many of them are much cheaper than the same countries' Euro coins, even though their mintages are often much lower.
I basically jump on cheap Monaco coins for my collection every time I see them. Vatican and San Marino less so, but mostly only because they're so plentiful.

Maybe I should start jumping on them too... once I'm again able to regularly visit coin shops, anyway.

(It doesn't help that, after sometime around 1970, Vatican and San Marino started changing their coin designs yearly for every denomination, resulting in literally hundreds of single-year types, most of which are common, and many of which, IIRC, have mintages in the low millions.
Even at a dollar per coin, getting any sizable fraction of those types would take up a lot of money.)


One thing along those lines that I am actively looking for: old (pre-1960s) Vatican issues, particularly the ones denominated in centesimi. They appear to usually be cheap when they show up, but they hardly ever show up.

(IIRC, I only have one San Marino centesimi coin; so far I have not been able to find another, despite also occasionally actively looking. I'm not sure if Monaco issues from that period even exist.)
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Obone2003's Avatar
Canada
60 Posts
 Posted 04/23/2020  8:04 pm  Show Profile   Bookmark this reply Add Obone2003 to your friends list Get a Link to this Reply
I collect Chinese provincial coins, and it is my observation that prices have increased, if only over the past two years.
Case in point, I had two dragon dollars, a 1908 and 1911 empire dollar, both PCGS graded, details. Sold both for about 1600, and now even detailed coins are worth far more than that.
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ryurazu's Avatar
Australia
1333 Posts
 Posted 04/24/2020  04:08 am  Show Profile   Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
Obone true for the hardcore collect many of the Chinese coins use to be very cheap especially the non commerative types however due to rising wages in China that is not true anymore with even mid grade copper fetching a couple of dollars ea :( makes it hard for me to make a collection

Would like to know where people would think to look for these type of under appreciate coins?
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Singapore
631 Posts
 Posted 04/24/2020  04:26 am  Show Profile   Bookmark this reply Add Numister to your friends list Get a Link to this Reply

Quote:
I collect Chinese provincial coins, and it is my observation that prices have increased, if only over the past two years.
Case in point, I had two dragon dollars, a 1908 and 1911 empire dollar, both PCGS graded, details. Sold both for about 1600, and now even detailed coins are worth far more than that.


I sent my China Dragon Empire dollar for grading but NGC refused to grade it, think the grading houses are cautious about these type of coins now. Erring on the side of caution.


Quote:
Obone true for the hardcore collect many of the Chinese coins use to be very cheap especially the non commerative types however due to rising wages in China that is not true anymore with even mid grade copper fetching a couple of dollars ea :( makes it hard for me to make a collection

Would like to know where people would think to look for these type of under appreciate coins?


Definitely not online in my opinion, brick and mortar shops and older collectors I would say.

Heard from other collectors that in almost every major city (before this whole predicament) where there are coins, there's a China dealer/buyer on the prowl paying good money for their coinage, driving the prices up. Anyone can concur ?
Edited by Numister
04/24/2020 04:31 am
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Obone2003's Avatar
Canada
60 Posts
 Posted 04/25/2020  10:36 am  Show Profile   Bookmark this reply Add Obone2003 to your friends list Get a Link to this Reply
I picked up a large collection of XF-AU copper dragon coins for petty good, and that was my last good score. I picked up some cheaper, rarer dragon dollars and fractionals, but there raw and need grading. Obviously this would be risky, but if you know what to look for, and the aucitonhouse offers a good guarantee, it might be the only place to get good deals.

The two dragon dollars from PCGS were both bought raw by me as well.
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United States
1962 Posts
 Posted 04/25/2020  3:06 pm  Show Profile   Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Chinese material is about (7) years removed from being relevant to what the thread is asking about!!

People want to know what the NEXT Chinese coinage is before the fact so they can accumulate it and make lots of money (10) years from now...
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Obone2003's Avatar
Canada
60 Posts
 Posted 04/25/2020  3:21 pm  Show Profile   Bookmark this reply Add Obone2003 to your friends list Get a Link to this Reply
I would say Russian Coinage could be the next big thing, there are a lot of cool, rare issues.
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Singapore
631 Posts
 Posted 04/25/2020  11:35 pm  Show Profile   Bookmark this reply Add Numister to your friends list Get a Link to this Reply
Problem is Russia coinage is hard to find in the first place, there aren't many overseas at least where I reside.

Not sure whether in Russia itself now they have lots of their own historical coinage.

Heard from veteran collectors that in the 70s/80s when China was less affluent they sold a lot
of their coinage overseas. Did that happen in Russia too ? If it did, most likely most of Russia's
coins probably went to Europe or places that have higher concentration of Russian immigrants ?
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tdziemia's Avatar
United States
7959 Posts
 Posted 04/26/2020  08:59 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
I don't follow Russia extremely closely, but my guess is that ship has sailed, too.

As with most places, there is still attractive, collectible minor silver to be gotten on the cheap, and probably copper (we had some nice 18th c copper posted here by a member that had been picked up at auction), but I would guess there are few bargains to be found on high grade large silver and gold.





Edited by tdziemia
04/26/2020 09:01 am
Pillar of the Community
Russian Federation
5177 Posts
 Posted 04/26/2020  09:37 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
IIRC, the Soviet Union used to deny that coin collecting existed at all. (Numismatics, as in coin research, was not denied though, and in fact progressed quite actively.)

I'm not sure what this meant about where the coins ended up, though. I suspect that most of the lower-grade coins on the Russian market right now are post-1991 metal detecting finds, anyway.

That said, Russia, like many other countries these days, forbids export of historical coins without a license (of course people do that anyway, though I, personally, try my best not to), which probably significantly limits foreign availability.

Quote:
I don't follow Russia extremely closely, but my guess is that ship has sailed, too.
Seconded.


My guess, as had already been mentioned by others, is that what we might want to look for is coins from places that are starting to get richer, and/or more populated; unfortunately, most of those places mostly didn't issue coins until relatively recently.

If I had to guess specifically: the so-called "pitis" coins of assorted sultanates in and around modern-day Indonesia (last time I checked they tended to be offered in huge lots at ludicrously low prices... apparently they still are).
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Singapore
631 Posts
 Posted 04/26/2020  11:37 pm  Show Profile   Bookmark this reply Add Numister to your friends list Get a Link to this Reply
Did someone mention Pitis ? I have a bag of them
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