| Author |
 Replies: 8 / Views: 921 |
|
|
Pillar of the Community
United States
1283 Posts |
Coin collecting is huge in the US, but are there other countries who collect coins with greater vigor than in the US? I'm talking specifically about people within a country collecting their own currency. And if so, does their own old currency demand greater prices than ours? (kind of a vague question, I know).
Also, do collectors to try to purches US currency in other countries (where the demand isn't as high) in search of cheaper prices?
|
|
|
|
Moderator
 United States
23487 Posts |
quote:
Originally posted by USArmyParatrooper
Coin collecting is huge in the US, but are there other countries who collect coins with greater vigor than in the US? I'm talking specifically about people within a country collecting their own currency. And if so, does their own old currency demand greater prices than ours? (kind of a vague question, I know).
Also, do collectors to try to purchase US currency in other countries (where the demand isn't as high) in search of cheaper prices?
will the answer yes work? Coin collecting in Australia is large - of course not as large as in the US but what is. Like all currency certain coins of age and rarity demand a larger price- just check out an Australian 1930 penny. Note Australia changed to decimal coinage in 1966 thus making the predecimal and colonial coins worth even more. In answer to the last part of your question - sometimes - but like all good collectors you have to know where to look. for example many people are not aware that ebay has different sites and you can list a coin on ebay or ebay Australia or UK or worldwide. If you just look at the general ebay listings you will never find the prizes. It is the same with dealers. Sometimes I can get a coin for less money in the US than Australia- other times it is the other way around. But I also have to be careful to calculate the postage and insurance into the price of a foreign purchased coin. This can ruin the value. Thus in answer to your question Yes and No |
|
Bedrock of the Community
United States
20753 Posts |
Occationally there are large international coin shows around here. They are not just big, they are gigantic. At these shows I've found that US coins are not even allowed to be sold or on display because they are considered inferior or something. These shows are expensive to get into, expensive to park your car, massively crowded, dealers are very well dressed, armed guards all over the place. Makes me feel like I walked into a different world of coin collectors if I dress normally. From the looks of the crowd I'd say many of the buyers as well as the dealers look as if they just landed on the roof of the place from some other country. Some time ago my son spent a semeter in the University of Krakow and said coin collecting was a fairly popular thing around there also. On his way back he stopped in Germany and while visiting relatives he noted they too are fairly decent coin collectors. Sounds like this hobby is larger than many think. |
|
Pillar Of The Community
3147 Posts |
I have bought, sold and traded coins ALL over the world. The number of Statehood Quarters I have shipped to Europe and Australia is astounding so YES collectors world wide collect U.S. coins. Most that I know, other than the Statehood Quarter collectors, are Type Set collectors. Also have found there is a huge market in many places in Europe for Canadian coins so trading possibilities are everywhere. I have had more fun at this hobby since 2002, when the Euro was introduced, than any time in my life. I own a pretty impressive silver euro collection and have filled quite a few albums with the unc. business strike euro from each respective nation. Its been fun and very educational! |
|
Pillar of the Community
United States
2270 Posts |
Ten years ago most collectors of almost every country's coins were in the US but coin collecting has been exploding around the world. This has been brought on by the perfect storm of factors and the greatest is the discontinuation of so many coins especially in Europe.
While values of the old coins have soared the values of the coins made since 1950 are often up many fold. These coins were not set aside in the numbers generally assumed and can be very difficult to locate especially in uncirculated condition.
Time don't fly, it bounds and leaps.
|
|
Moderator
Australia
16809 Posts |
To answer the question, "Are people in other countries as nuts about their own coins as collectors of US coins are in the US?", I'd have to say, no. Case in point: an American expat I know moved to Australia, to Bowen, a small city (population ~8000) about 1200 km north of Brisbane where I live. An avid coin collector, he was surprised to find when he arrived that there weren't any coin dealers in town; the nearest was in Mackay, 200 km south. The nearest coin club was in Rockhampton, 500 km south. He told me a city the size of Bowen in the US would likely have at least one of each, or be not far from another town which did. You can probably find a few examples around the world where local collectors are mad keen on their own coins - Greece is one country which comes to mind - but I still don't think any of them yet come close to American numisfanatics.  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Pillar of the Community
Australia
3831 Posts |
Two of the hottest markets at the moment are the Korean and the Russian coin markets which unfortunately I HAD to pick interest in both of them. If you noticed at the US ebay site, quite a fair amount of coins are actually bought by the country of origin, often at crazy prices. Some other hotter ones are probably Japanese, Polish, Chinese, Indian and of course, Canadian ones are pretty hot. My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
|
Valued Member
United States
287 Posts |
Coin collecting is very popular in all countries and with the advancement of the Internet we are learning just how much interest there is. We see interest in Australian, Canadian and German money in our business. As the previous posts indicate that coin collecting is popular in all countries. Bargains can be found in our own currency as well as from foreign countries. You may want to learn as much as you can about a certain number of countries and purchase wisely.
|
|
Valued Member
Finland
294 Posts |
Here in Finland many people started to collect coins since euro era began.Prices jumped too.I think most of the collectors just collects euro coins by year,but they are not widely interested in numismatics  Prices are high in older coins too,because of Russian collectors.(Finland belonged to Russia 1809-1917,and coins had Russian monograms) Traditionally Finnish collector has been older male who buy from auction and dealer.New generation uses local and foreign internet auctions (for example German ebay) and swaps information here in internet. Better US coins are quite rare here in Finland - so prices are high. |
| |
Replies: 8 / Views: 921 |
|
Posted 10/31/2006 3:21 pm
