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Thinking About Selling Korean Coins

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Author Previous TopicReplies: 8 / Views: 630Next Topic  
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New Zealand
2 Posts
 Posted 04/13/2024  05:51 am Show Profile   Bookmark this topic Add Nickyboy to your friends list Get a Link to this Message Number of Subscribers
Hi. I have a collection of BoK annual mint sets and thinking of selling one of my rare 1998 proof sets. Where would be the best place to do this please. Feedback would be much appreciated.
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jbuck's Avatar
United States
188130 Posts
 Posted 04/13/2024  4:12 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your reply was split into its own topic for the proper attention.

Please be aware of our Buy/Sell/Trade Rules. You are welcome to ask about other venues and suggestions though.
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John1's Avatar
United States
56855 Posts
 Posted 04/14/2024  04:31 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Nickyboy,

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Dearborn's Avatar
United States
95517 Posts
 Posted 04/16/2024  07:45 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
you can check on ebay . check to see if anything similar has sold there and you can see what they sell for to give you an idea of a starting price - are these South or North Korea coins?
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mlov's Avatar
United States
156 Posts
 Posted 04/16/2024  9:31 pm  Show Profile   Bookmark this reply Add mlov to your friends list Get a Link to this Reply
I have a new 400-page book out on South Korean coins and one of the chapters of my book was all about the Bank of Korea mint sets and their historical pricing over the years.

Selling on ebay is fine, if you don't have access to the Korean coin market.

Mind you, the mint sets that you sell on ebay will make you a good return, especially if you've had them for a while, but the sets will probably be bought by someone in Korea who could very likely turn around and sell them locally for 2X to 3X the price you sell it for on ebay.

Those are hot in Korea, although prices have cooled in the last year for some reason.
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mlov's Avatar
United States
156 Posts
 Posted 04/16/2024  9:39 pm  Show Profile   Bookmark this reply Add mlov to your friends list Get a Link to this Reply
In September last year at a live Hwadong (Seoul) auction, the 1998 BOK mint set sold for 4,500,000 KRW:
Thinking-About-Selling-Korean-Coins
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nfine's Avatar
United States
3469 Posts
 Posted 04/16/2024  9:54 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
$3,248.09
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New Zealand
2 Posts
 Posted 06/02/2024  6:04 pm  Show Profile   Bookmark this reply Add Nickyboy to your friends list Get a Link to this Reply
Apologies for the delay in responding, I have been travelling. Thank you all for your replies. The coins I have are from South Korea. Looks like I wouldn't get that great a price via ebay, how could I gain access to the Korean market to sell? I have quite a few annual sets, from around that period. regards, Nick
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