World of Coins

Collecting coins => Coin collecting => Buying coins => Topic started by: KennyisaG on July 24, 2017, 02:50:39 PM

Title: Coin shops in Japan
Post by: KennyisaG on July 24, 2017, 02:50:39 PM
Hi everyone, does anyone know about any coin shops in Japan that have an English-speaking person within the store? I'm looking to sell large bags of old yen coins (reeded 10 yen, old style 5 yen) and mostly coins from pre-1970 that value above FV on JNDA. Also have very large amounts of pre-war mainland notes.

I'll be travelling all of Chugoku, Kansai, and Kyushu regions, visiting most big cities (Kyoto-shi, Hiroshima-shi, Osaka, among others), as well as small cities in Shimane and Tottori. I will also be visiting Tokyo and Yokohama for 1-2 days.

Please let me know if you have any recommendations of what I shouldn't bring to sell or things I should buy. :)
Title: Re: Coin shops in Japan
Post by: Figleaf on July 24, 2017, 05:07:54 PM
Most places that sell coins are in large dept stores in the big cities. They may not buy coins from retail clients. Anyway, they mostly sell newly issued commemoratives. I visited one coin shop in Kyoto. The owner didn't speak any language. He just grunted his disapproval of me and when I didn't start speaking Japanese, he turned me out of his store, refusing to sell me anything.

Your best bet is probably a coin event, but you'd have to know someone in Japan who can find them and negotiate for you. Dealer's margin in Europe and the US is about 100%, so expect to be offered 50% of JNDA. Margins may be higher in Japan.

Peter
Title: Re: Coin shops in Japan
Post by: KennyisaG on July 24, 2017, 06:37:45 PM
The owner didn't speak any language. He just grunted his disapproval of me and when I didn't start speaking Japanese, he turned me out of his store, refusing to sell me anything.

That sounds like any coin shop in any country. ;) It's good to hear an offer of 50% of JNDA, but for very common stuff it seems unlikely to go as high.

I've been holding onto the "giza" 10 and 5 yen, commemorative 100 yen, prewar coins, and uncirculated common coins since they hold a better book price. But much of it seems like an inconvenience.

I'll do some research on shops in Osaka, Kyoto, and Tokyo, since you mention they are mostly in depachiko.