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 Replies: 13 / Views: 1,800 |
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New Member
United States
13 Posts |
I would like to figure out what this coin is I can not find anything on it at all! Thank you!   Identified - moved to World Coins forum - SapEdited by KaseyWhitfield
05/09/2011 3:35 pm
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Pillar of the Community
United Kingdom
2885 Posts |
Egypt 1977 10 Piastres - KM469 - worth about $1
Edited by Bacchus2
05/09/2011 3:41 pm
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New Member
 United States
13 Posts |
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Pillar of the Community
United States
5362 Posts |
KaseyWhitfield Hello and welcome to the forum.
I am the resident nut who loves and collects counterfeit coins. But I do like the depiction of the ancient artisans on your coin - like the pictographs seen in ancient tombs.
Really neat.
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New Member
United States
30 Posts |
Pretty coin!. No value, but pretty.
Teia
Heritage Auctions
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Pillar of the Community
United States
539 Posts |
it isn't about value in my opinion, it is about collecting these beauties! Very nice coin indeed. I would love one for my world collection
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Pillar of the Community
United States
5362 Posts |
weavus135 You say: Quote:
It isn't about value in my opinion, it is about collecting these beauties!  Not everyone collects for just "value" - at least I hope I am not alone on that point. Many people prefer the history that comes with coins. Personally, I avoid high grade coins that never circulated - they came directly from the mint and never were really money. They totally lack character that circulation imparts. Of course, I really prefer counterfeits to originals and for that reason Holes, Cuts and Scratches have never bothered me. Counterfeits are usually scarcer than originals but they are of limited value to date. The history, however, behind their manufacture is fascinating. In my opinion, as a collector of over 50 years now, is that the WORST things to happen to our hobby in the past half century was the influx of INVESTORS into Numismatics followed very closely by the Sheldon 70 point scale. But back on topic Quote:
I guess there is a coin for everyone and someone for EVERY coin no matter the "value". The hobby used to be fun but the profit motivation has just about spoiled it. 
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Rest in Peace
United States
1729 Posts |
Swamperbob said:Quote:
In my opinion, as a collector of over 50 years now, is that the WORST things to happen to our hobby in the past half century was the influx of INVESTORS into Numismatics followed very closely by the Sheldon 70 point scale. THANK you for having the guts to post this. 
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New Member
United States
30 Posts |
The history, however, behind their manufacture is fascinating.
I totally agree with that statement. I like to look at coins from a time that I've studied. Just to think about what was going on in that country when a certain coin was being used. I'm a history junkie, so it's cool to look at coin from the reign of Henry VIII and know all the things that were going on at that time.
Teia
Heritage Auctions
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Pillar of the Community
Thailand
1509 Posts |
I'm very much with the majority in this opinion. I very rarely think about how much a coin would be worth if I sold it (because I never would). It's the history, the look, the feel, the intrinsic beauty of a coin that's my priority.
As for the collector/investor well that's up to them but how can you really appreciate something if all you think about is how much you'll make on the deal?
As for the OP, yes it is a very nice design (wish I had one) and Egypt has certainly made use of its long history on its coins and banknotes. I'd say much to the delight of 'real' collectors.
Edited by thai-vic
05/17/2011 10:54 am
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Pillar of the Community
Australia
852 Posts |
I'm also a collector who buys what takes my fancy and have no intention of selling my babies; but value of a coin is important for several reasons however .None of us has unlimited pockets and I like to know I'm getting value for money. Not a great feeling when you buy a coin for your collection only to find out later that you could of got a whole bunch for the same price and an even worse feeling is knowing that the seller took you for a sucker and ripped you off.
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Rest in Peace
United States
9104 Posts |
Quote:Swamperbob said: Quote:
In my opinion, as a collector of over 50 years now, is that the WORST things to happen to our hobby in the past half century was the influx of INVESTORS into Numismatics followed very closely by the Sheldon 70 point scale. THANK you for having the guts to post this. |
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Rest in Peace
United States
9104 Posts |
Expanding on that a bit, one of the worst things that happens to any hobby is the publication of a price guide. Without the guide, stuff is valued according to the buyer and seller, and serious traders have to learn what they're doing, which is a lot of the fun in a hobby. I recently saw an article by a major coin dealer about how a customer turned down a coin as overpriced, and they sold it immediately to another collector who knew the facts instead of what the guide said. He pointed out that they paid more than guide, and would gladly buy several more, if they even existed, which they prolly didn't. No guide author can know everything, so you'll have high prices on something where someone has a warehouse full. Or low prices simply because the author never tried to find the item, and it's a lot harder to find than mintage figures would indicate. Or he based the price on auction sale prices, where two guys bid on the same wrong item. Or monthly guides with ever-higher prices, because no one is gonna buy a new guide to look at the same prices as the old one. The next step is a Clewless Gnubee™ buys this price guide, mispronounces it as price God (or at least Wholly Babble), skips the 50 pages up front that tell you how to use it, and is now an expert because he found the price for a proof 1916 LWC, and that's what his 1916 AG coin must be. He has no idea why they wasted their time putting in all those other columns of prices. Or they've got this 1806 coin that's in the original case, made from plastic invented 100 years later, so it's uncirculated. Or it's MS68 because some pariah TPG put that on the label. Yesterday, I quoted a price on what the guy described as a SOL one ounce round. He called back because a dealer 50 miles away said it was worth $40. Even retail on ASE isn't that high. I told him to enjoy using $40 in gas to take it there (and wish I could have a picture of his face when he's offered maybe a buck more than I offered). A little knowledge is a dangerous thing, and most price guides are just enough knowledge for you to really bollix things up. |
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Pillar of the Community
United States
5362 Posts |
Hello biggfredd - As you might suspect I am in the process of writing a guide book for counterfeit 8R's of the Portrait Style. We will NOT be including value or price information at all. But we have discussed a "rarity" listing. I am not sure (even with a combined 200 years of collecting experience) that my co-authors and I have a good handle on rarity. Like any collectible rarity and market demand are the keys to value but even that (rarity) is only an opinion based on which market you are exposed to. Prior to ebay, and while I worked full time, my exposure was essentially limited to the New England & New York area. In that 30 plus year period of time I amassed a lot of data on rarity of counterfeit varieties. But ebay has thrown the value of all that data into a cocked hat.  On ebay the larger world opened up to me and the "regional nature" of forgeries in particular became a certainty. Unlike US currency - forgers have no formal distribution systems like the Federal Reserve. Therefore forgeries I have found tended to remain in the locality where they were produced (That is until they started traveling on the collector circuit). As a child the "small eagle" 1842 Zs OM 8R was a well known VARIETY in my local area of southeastern Mass. However, when I first discovered Riddell's book in the 1970's I discovered it was a forgery. It was being sold routinely as an original. So I started studying that one coin. It became my all time favorite and is my avatar. I found that the numbers of small eagles exceeded the number of originals (square or round tail) at least in my area. Riddell listed the small eagle as a counterfeit but did NOT list it as common. Riddell did however, list MANY COMMON counterfeits I had never seen. That was a puzzle for me for years. Once I found ebay in 1997 I began to see how limited, and isolated, the NE market really was. What was extremely common in my area WAS NOT COMMON in New Orleans or Texas. The very rare (never seen in NE) forgeries that I had been hunting for many years, were common in Texas and Mexico. It was after I finally put 2 and 2 together that I realized that forgeries were an anomaly.  The Riddell #234 was common near where I was raised because it was most likely made in Attleboro, Mass a stones throw away from where I was born. So I am even concerned that the data that I and my 4 co-authors have (collected before ebay) is TOO limited to be of real value. All of us reside in the NE area of the US and Canada. The data gathered from ebay is far different and may actually reflect a superior view of the numbers of examples that have actually survived. So I agree that experience and knowledge that has been tested time and time again is the ONLY way to determine rarity and that ultimately VALUE is entirely subjective and personal in nature.    |
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Replies: 13 / Views: 1,800 |
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Posted 05/09/2011 3:43 pm
