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Question About Peruvian Un Sol Coins From 1914-35

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Archraz's Avatar
United States
3499 Posts
 Posted 06/05/2009  10:38 pm Show Profile   Bookmark this topic Add Archraz to your friends list Get a Link to this Message Number of Subscribers
Just today I picked up a rather nice 1930 Un Sol. I thought that I got a really nice deal on my coin for $6, but I was rather surprised to see that coins of this sort (KM # 218.1 & KM # 218.2) are not worth very much despite low mintages. Does anyone know why these coins have not appreciated very much in value over the years? Is it due to these coins not having circulated very much for some reason, or is it simply due to supply and demand?



Question-About-Peruvian-Un-Sol-Coins-From-1914-35


Question-About-Peruvian-Un-Sol-Coins-From-1914-35
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Ken_3567's Avatar
United States
651 Posts
 Posted 06/06/2009  06:08 am  Show Profile   Bookmark this reply Add Ken_3567 to your friends list Get a Link to this Reply
From my perspective a large part appears to be demand for the entire series. Many of the world coin collectors I personally know usually get only one example and very few will pursue an entire series. So the coin itself is very popular but not the entire series.

I've always liked the Seated Sol series for its design and variation. It has 3 major types and for earlier issues (1863-1916) there are a boat load of two letter initial varieties. Some of this might simply be a lack of collector knowledge on the diversity of the series. I know there are not a lot of online resources for this coin so threads like this may help.

The Sol was one of my very first silver world crown size coins so I have a soft spot for it in my collection.
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Ken_3567's Avatar
United States
651 Posts
 Posted 06/06/2009  06:21 am  Show Profile   Bookmark this reply Add Ken_3567 to your friends list Get a Link to this Reply
Forgot to mention that with 0.4019 oz of silver for your 1930 issue you picked it up a tad below melt value. So in the end you got a great deal for an attractive coin in decent shape.
Valued Member
United States
259 Posts
 Posted 06/06/2009  08:53 am  Show Profile   Bookmark this reply Add chasinva69 to your friends list Get a Link to this Reply
I really think these are beautiful coins, and the ones made before 1917 have .7234 actual silver weight. I'm sure that lack of collector knowledge in the U.S. is a major reason for the low valuations of these coins. We're more interested in Morgans, which had just slightly higher ASW. In looking yours up in Krause, I was surprised to see the mintage was only 76,000 and the mintages on the 1931 and '33 sols even lower. At $6, it was basically priced as bullion and thus a very good deal.

I happily paid $30 for this one at a coin show last week.
Question-About-Peruvian-Un-Sol-Coins-From-1914-35
Edited by chasinva69
06/06/2009 08:54 am
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Archraz's Avatar
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 Posted 06/06/2009  11:45 am  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
Thanks for the input, everyone! I agree that it may just be the case that there is just little interest in these in the States. So, more for us I guess.
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Australia
3831 Posts
 Posted 06/06/2009  9:42 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
I remember getting a customized type set for this Peruvian coinage.

Question-About-Peruvian-Un-Sol-Coins-From-1914-35

And here is the one sol in this set:

Question-About-Peruvian-Un-Sol-Coins-From-1914-35
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.
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Ken_3567's Avatar
United States
651 Posts
 Posted 06/07/2009  05:32 am  Show Profile   Bookmark this reply Add Ken_3567 to your friends list Get a Link to this Reply
GX, it looks like a little toning is settling in. Very nice indeed!
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valutarick's Avatar
Netherlands
376 Posts
 Posted 06/07/2009  09:34 am  Show Profile   Bookmark this reply Add valutarick to your friends list Get a Link to this Reply
Southern American coinage is highly underestimated in world coinage. Most Peruvian people do not have the money to collect them, and these coins will mainly find their way outside the country by tourism nowadays. So it is relatively cheap to buy silver coins from Simon Bolivar and other illustrious figures for less than a new born silver American dollar.
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