My Latest Acquisitions

[Mackie]

Wanted to buy these 3 coins for quite sometime. I thought prices would go down but then thought I anyway just need one each for my collection so its better I buy them now else prices will go further up & beyond my reach soon. 

Bal Gangadhar Tilak 2007 copper Nickle
Lal Bahadur Shastri 2004 Copper Nickle
Unity in diversity 2007 5 rupee Steel

[@josephjk]

Ahhh..finally the 5 rupee!

[Mackie]

Hahahaha...Yes, Joseph finally bought the 5 rupee. I thought I would wait for some more time but just couldn't resist the temptation. :p

[Figleaf]

Congratulations, Mackie. I wish you a short want list. Why not publish your want list on the wanted board?

The price question is complicated by inflation. Suppose the average inflation rate in India over the last 10 years was 8% per annum. Now consider a coin that cost 100 ten years ago and today still costs 100. It looks like the coin has not changed in price, but in fact, compound annual inflation of 8% over ten years has taken away half the value of INR, so the coin has actually halved in price. If the price now would have been 200, it looks like the coin doubled in price. In fact, its price is the same after inflation.

Peter

[Mackie]

Peter,

Many thanks for explaining me the logic. I feel much better now otherwise was feeling that I paid a little too much. I will surely publish my want list soon. Thanks again!!