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Anyone Ever Buy World Coins By The Pound?

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Hambone's Avatar
United States
609 Posts
 Posted 04/30/2011  2:15 pm Show Profile   Bookmark this topic Add Hambone to your friends list Get a Link to this Message Number of Subscribers
Is there any better way to get circulated world coins for the price?

I was looking at something like this: http://cgi.ebay.com/Mixed-World-Coi...t_500wt_1156

I'm not looking for rarities, just some interesting coins.
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ikandiggit's Avatar
Canada
1166 Posts
 Posted 04/30/2011  2:24 pm  Show Profile   Bookmark this reply Add ikandiggit to your friends list Get a Link to this Reply
That's actually not a bad price for world coins. But, it may contain a lot of duplicates.

I buy them in 10 lb. bags and get a mix of dates. More from the 70's and 80's but a few from earlier in the century plus a few from the 1800's which are probably seeded into the lot.

Depending on who you buy from will determine how much from each country you'll get. My bags usually contain a lot of European coins. I've seen some bags from other suppliers that have a lot from Asian countries.

Regardless, you'll get a nice selection to get you started.
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 04/30/2011  2:37 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
That is OK for 5 pounds. I have bought them for $5 a pound before, but had to get 20 pounds at that price. I cherry picked them and turned the rest around and still nearly doubled my money.
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Hambone's Avatar
United States
609 Posts
 Posted 04/30/2011  6:30 pm  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply
I guess we'll see how it goes...
Bedrock of the Community
United States
20753 Posts
 Posted 04/30/2011  7:34 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
At a local flea market a seller always has a large bin full of those. Some time ago I asked where he got all those but he just smiled and said want to buy them? He is there every week on Fridays, Saturdays and Sundays and that bin keeps getting more coins. He sells them for about 10 for $1 and gets that all the time. Must be buying them by the pound.
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Hambone's Avatar
United States
609 Posts
 Posted 04/30/2011  8:23 pm  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply
I wouldn't doubt it. There used to be a seller at my favorite flea market that had a jug of foreigns for a quarter a piece. I bet that's how he got em.
Pillar of the Community
United States
505 Posts
 Posted 05/02/2011  02:46 am  Show Profile   Bookmark this reply Add Frazzle to your friends list Get a Link to this Reply
I used to buy mine from Black mountain coins and always got a really nice mix....but I checked recently,and the price seems to have gone up alittle more than I like
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sel_69l's Avatar
Australia
21786 Posts
 Posted 05/02/2011  04:24 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I love searching through dealer's junk boxes, especially at shows. That is how I acquire coins that interest me. Don't have to be good value, just interesting. That strategy helps to avoid shipping costs, and accumulating world junk coins are of no interest to me.

Nevertheless, a lot of my World coins would be valued at less than a dollar or so. I don't collect World coins after about 1970, by which time silver coins were no longer issued, but I do collect base metal coins before this time, along with the silver ones.

With World coins in this price range, costs down, interest value for money up.

If you live remote to a big city, perhaps buying World coins in bulk would be the way to go, but the price would have to be right.
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Hambone's Avatar
United States
609 Posts
 Posted 05/02/2011  08:24 am  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply
Yeah. I still have to find a good coin store around where I live. There is a dealer at my flea market that I buy most of my coins from.
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United States
539 Posts
 Posted 05/02/2011  11:39 am  Show Profile   Bookmark this reply Add weavus135 to your friends list Get a Link to this Reply
I've purchased them by the pound and have been somewhat successful in terms of adding to my type collection. I don't care about silver so not getting any in a mix is great with me. I get a lot of duplicates and I am gathering them up and looking to donate them. I wish could find someone willing to sell common, circulated world coins for a better price. I just love adding those $0.15 coins to my collection. I put them all in 2x2 and spend more on that than the catalog says they are worth but I really don;t care because I'm collecting them for the history or interest value vs. any metal content. So if any of you want to send me a pound or two of your 'junk' common world coins feel free to do so. LOL
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AlmostCollectible's Avatar
United States
384 Posts
 Posted 05/02/2011  4:01 pm  Show Profile   Bookmark this reply Add AlmostCollectible to your friends list Get a Link to this Reply
I've seen those on ebay and thought about getting them, but haven't done it yet. If you buy, let me know how it goes and what seller you used.
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Hambone's Avatar
United States
609 Posts
 Posted 05/02/2011  4:30 pm  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply
Alright, I've got to convince my mom to order them first.
Someone got ahold of her debit card number and she blames ebay:/
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Conder101's Avatar
United States
17884 Posts
 Posted 05/03/2011  12:15 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Poundage was how I started collecting world coins by type back in 1972. I've been seriously considering returning to poundage because a lot of the pieces I still need are from the 80's and 90's and are valued too low for dealers to bother listing them or carrying them to shows.
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biggfredd's Avatar
United States
9104 Posts
 Posted 05/03/2011  12:36 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Lots of foreign coins get checked for PM, and the rest sold by the pound. That's a fair price.

An area dealer pays 3¢ each for foreign. I talked to a guy who went to work on his stuff before putting it out for bulk sale. He pulled stuff like Russian platinum coins. Why don't people sell me stuff like that for 3¢?
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Hambone's Avatar
United States
609 Posts
 Posted 05/03/2011  2:10 pm  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply
LOL! That's just the way it works:)
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Wade's Avatar
Canada
2781 Posts
 Posted 01/22/2012  4:29 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
bought 2 pounds from a local dealer for $7 per pound (cheaper than ebay if you count shipping). fair amount of mexican, demonetized european, chinese cents, but also some 1930s nickels and a silver sixpence. those were from the bucket on the counter (picked over).
he (like most dealers) will go to $6 per pound (10 lbs +) and $5 per pound for 20 lbs. for the larger lots he needed time to "dig them out from the bulk bin in storage", but I think that is the way I will go next time.

anyways, to make a long story short, ask your local dealer, chances are they have bulk stuff that has been sitting for a long time. and DON'T buy the picked over stuff on the sales counter!

at $5 per pound you can pick the ones you need and dump the rest on ebay. since most guys are selling for $8-10 per single pound lots so you can at least get your money back or maybe even make a $1 or 2.
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