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Fair Price : British India 1940 1/4 Anna Hoard

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Valued Member

United States
451 Posts
 Posted 07/14/2011  12:49 pm Show Profile   Bookmark this topic Add brokencompass to your friends list Get a Link to this Message Number of Subscribers
I have been offered a lot of 100 one quarter annas from 1940 for sale. I was told that all of them are uncirculated and red. What would be a fair price to offer for this lot of 100 coins?

The coins I was told would be similar to the coin in the below auction.(MS-60 at least)

http://cgi.ebay.com/1940-B-India-Se...h=item3cb9b3 e75c#ht_1483wt_1139

All the coins I am being offered are available in the raw and not slabbed and they don't have a "second head" like the coin in the link above.

Thanks for your suggestions!
Edited by brokencompass
07/14/2011 12:50 pm
Valued Member
Australia
193 Posts
 Posted 07/14/2011  8:08 pm  Show Profile   Bookmark this reply Add agandau to your friends list Get a Link to this Reply
Indian coins were eventually approximated to British sizes and by the mid 20th C. these 1/4 annas were fairly much equivalent to halfpennies, being about 1" in diameter.
As a fraction of a rupee they were 1/64; not the same but similar to a halfpenny being 1/48 of a florin.

Like most mid 20th C. halfpennies from South Africa, Australia, Britain these 1/4 annas can also be obtained for about $1 each.

I had an Uncle who hoarded S. African halfpennies from the 1950's and all of these years later they are worth about the price of copper.
If only he had hoarded silver instead.
Valued Member
United States
451 Posts
 Posted 07/15/2011  01:37 am  Show Profile   Bookmark this reply Add brokencompass to your friends list Get a Link to this Reply
Thanks Agandau! Sure would love to buy a bunch for 1$ each! Unfortunately can't get them where I am for that much. Wish I could take a roadtrip to Australia :P
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