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Replies: 7 / Views: 5,786 |
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Pillar of the Community
United States
3499 Posts |
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?  
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Pillar of the Community
United States
651 Posts |
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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Pillar of the Community
United States
651 Posts |
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.
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Valued Member
United States
259 Posts |
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. 
Edited by chasinva69 06/06/2009 08:54 am
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Pillar of the Community
 United States
3499 Posts |
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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Pillar of the Community
Australia
3831 Posts |
I remember getting a customized type set for this Peruvian coinage.  And here is the one sol in this set: 
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Pillar of the Community
United States
651 Posts |
GX, it looks like a little toning is settling in. Very nice indeed!
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Valued Member
Netherlands
376 Posts |
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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Replies: 7 / Views: 5,786 |
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