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What The Smallest Coin Exchange Value You Keep

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United States
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 Posted 12/24/2020  4:32 pm Show Profile   Bookmark this topic Add JoeTheLucky to your friends list Get a Link to this Message Number of Subscribers
What abouts would be the smallest exchange value coin that you would keep when searching bulk world coins?
I have mine about ten cents but have a bunch about 5 cents I'm not sure about.
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Spence's Avatar
United States
34426 Posts
 Posted 12/24/2020  4:52 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@jtl, when I was building out my OFEC set, I wasn't focused at all on denominations and therefore I think I have multiple pieces that are worth less than one cent. Depending of course on your own collecting goals, you might save one example from each denomination from a particular country or even one example from each date from a particular country.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 12/24/2020  5:54 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
A problem that arises, is what you do with all of the (sometimes very multiple) duplicates that you don't need after buying many large bulk lots.
For me, this is where the individual value of a coin has to be considered and how many of the more valuable duplicates you keep, before disposing of the rest.

With culling, condition reigns supreme, and keep the best examples. Lowest exchange value not relevant, if a particular coin is unique to your collection.

Sometimes, type date and denomination sub-collections within an OFEC collection can be considered. I have done this for many countries. It can also be an introductory way of branching out into ancients, medieval and milled coins.

To cut down the possibility of acquiring so many duplicates, I tend to search dealers' junk bins.
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United States
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 Posted 12/24/2020  6:09 pm  Show Profile   Bookmark this reply Add JoeTheLucky to your friends list Get a Link to this Reply
I am just talking about duplicates
where you would have sold them in bulk but also sorting out th more valuable "vacation money".
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sel_69l's Avatar
Australia
21788 Posts
 Posted 12/25/2020  07:45 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Haven't bought bulk lots for decades, because after the valuable and the interesting coins have been stripped from the lot, the remaining junk is difficult to move.
In fact, there were a few occasions where I just gave the stripped out lots away.

That is why I changed policy of instead of buying bulk lots, I now search dealers' junk bins for any individual coins that may be a worthy addition to my collection. I am happy to buy any individual coin from 10 cents, up to an unlimited value.
Because my collecting interests cover the whole of numismatics, any interesting or bargain coin is much easier to find. I guess that sort of policy makes me somewhat of a 'numismatic scavenger'.

I scan public numismatic auctions in much the same way, although I have to bid instead, and the prices may be at hundreds of dollars. I this sort of situation, I do lots of background numismatic and market price research first, before placing a bid, because there is much more money to be spent if successful.
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Kopper Ken's Avatar
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3402 Posts
 Posted 12/25/2020  10:03 am  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
I stopped buying bulk lots because of the duplicates...I now only buy them if they are different, such as a bulk lot of Euro coins, or a bulk lot of pre 1960 coins etc. I too will now just go to pick-out from dealers "junk" boxes at 10cents each. Yeas I am paying more but getting what I need.

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ryurazu's Avatar
Australia
1333 Posts
 Posted 01/03/2021  5:00 pm  Show Profile   Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
I reckon either japanes 1 yen or more likely the Chinese 1 fen (1 cent), or 1/3 farthing 18xx (don't remember date) that I have.

Exchange value/Intrinstic values change, and can be arbitrary due to a loss of faith for redemption. You should exclude all paper money since I could consider monopoly as money collection bahaha (has value as set are worth RRP of about 25-30 dollar AUD)

The 1/3 farthing is a copper coin that's as small a gold 1/20 ounce gold coin, and 1 fen is a plastic coin. I would say I think maybe the siege money and paper coins (very collectable especially in high grade),plastic tokens or wooden token would be lowest exchange value as once redemed should have no value in the eyes of the state.
Edited by ryurazu
01/03/2021 5:22 pm
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Sap's Avatar
Australia
16846 Posts
 Posted 01/03/2021  5:26 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I'm afraid I don't understand the question. I keep one of each coin (including date/mintmark differences)in the collection, no matter how low the nominal face value is. If I obtain more than one, I keep the best and get rid of the rest.

If the duplicates are current coins, I keep them together in bags in the event that I or a friend/family plans to travel there. But they aren't considered part of the collection.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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