Why Has The Price Of Bulk World Coin Skyrocketed?

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Author	Replies: 3 / Views: 817
OzLeigh Valued Member Australia 215 Posts	Posted 05/05/2023 10:33 pm A few years ago I bought many kilos of "bulk world coins" for around $12 a kilo. I thought I might look into getting some more but when I looked on ebay I was flabbergasted to see them going for over $30 a kilo. Nothing special, just the same old low value or demonetised stuff that have been sold and resold countless times over the years. I pity the fool who thinks they will find a treasure amongst these lots (or even a single silver coin). Just another example of unprecedented times calling for unprecedented prices? Report this Post to the Staff

HondoB Bedrock of the Community United States 25102 Posts	Posted 05/05/2023 10:46 pm OzLeigh, I am seeing the same thing on other online auction sites. $20 US or more per pound, not including buyer's premium and shipping. For junk modern coins. Absolutely befuddling. Inordinately fascinated by bits of metal with strange markings and figures Edited by HondoB 05/05/2023 11:38 pm Report this Post to the Staff
NumisRob Bedrock of the Community United Kingdom 17918 Posts	Posted 05/06/2023 04:32 am I've noticed the same in the UK. A couple of days ago in an Antiques Centre I saw a small cardboard box of mixed World coins (mostly modern UK pre-decimal and EU pre-Euro) priced at £70, and a tray of junk coins priced at £1 each! A few years ago nobody would ever charge more than 10p each for coins like those. My Trade List: https://goccf.com/t/194596 My Wants List: https://goccf.com/t/191710 Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 05/06/2023 05:11 am The price makes sense of scrap metal are worth a bit today: Price of metal in usd / kilo (from google) Nickel: $23.7 Copper: $8.6 Zinc: $2.6 Aluminium: $2.3 Iron: $0.10 My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
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