Helping other forum members with new coins issued at face value

[Figleaf]

Numismatica, just to prove izotz right, I am going to send you my list of duplicates and my want list f Indian Republic coins

Watch your mail box!

Peter

[Bimat]

It's funny for me right now that an Indian tells me that selling a coin at twice its double value it's too high.

On one hand, in the eurozone it's quite normal that common 2€ coins are sold for 3€. 

On the other hand, recently an Indian collector wanted to sell to me some common Indian coins at least 15 times their face value. And I have proof he is on some "good collectors" list, so I suppose he may be honest with them.

Hi izotz,
Indian Rupee is much weaker as compared to euro..If I swap Indian coins  for Euro coins according to the face value,I will not get more than 4 Euros,even if I send all the commemoratives of India (1R,2R,5R).If we both decide to swap by their catalog value,the picture will not change much since Indian commemoratives don't have large catalog value,but Euro coins do have.If I buy through E-bay,I will have to spend large amount of money just for shipping.(For registered air-mail,foreign dealers ask for minimum of 10$).Regarding your experience that one Indian collector asked you 15 times face value for Indian coins.I won't say that he is completely wrong,because Indian commemorative coins are sold in Indian market for that value,and Indian commemoratives are not so easily found in circulation.Opinions change from person from person.

Aditya

[Bimat]

Numismatica, just to prove izotz right, I am going to send you my list of duplicates and my want list f Indian Republic coins

Watch your mail box!

Peter

Hi Peter,
I will be waiting for your mail. :)I haven't got it yet.

Aditya

[izotz]

Dear Aditya,

I understand what you are talking about, but ...

If I buy through E-bay,I will have to spend large amount of money just for shipping.

It happens the same to me when I want to buy a coin from India (and even from other euro countries).

Regarding your experience that one Indian collector asked you 15 times face value for Indian coins.I won't say that he is completely wrong,because Indian commemorative coins are sold in Indian market for that value,and Indian commemoratives are not so easily found in circulation.Opinions change from person from person.

So, the problem does not seem to be that euro coins get to India with a price of twice its face value. This seem to be logical as dealers sometimes get their coins at face value + overprice, then the shipping cost and, of course, they get a some benefit.
Maybe the problem for collectors comes when government / banks issue coins and make it difficult for collectors get the coins : sometimes they set a strange way to deliver, or they put them directly into the hands of major dealers, etc.

[Bimat]

Hi izotz,
The effect of selling Indian coin 15 time face value (For example 1 Rupee coin is sold for 15 Rupees) is much less than selling 1 Euro (=66 Rupees) double its face value (=120 Rupees).Paying 15 INR (=about quarter Euro) is not at all a bad deal,since it happens in India itself.I know it is wrong,but we can't help!

Maybe the problem for collectors comes when government / banks issue coins and make it difficult for collectors get the coins : sometimes they set a strange way to deliver, or they put them directly into the hands of major dealers, etc.

Well,this problem is more prominent in India.My experience is that most of the commemoratives of India have disappeared from circulation.In case of newly released coins,they are rarely found in circulation.For example,The Dandi March commemorative issued in 2005,is still being sold for 50-75 Indian Rupees.Same coin was being sold for 300-400 Rupees about year ago,which is much highr than its catalog value too.(3$).You should have some strong contacts in the coin issuing organization (RBI in our case).Then only you can get commemoratives immediately after their release.Otherwise,If you have enough patience,you should be ready to wait to get them after indefinite time period,else buy them from dealers at higher value.But I agree,the problem is same everywhere!

Aditya

[Figleaf]

I'll stock a roll of the Dutch version when they come out and send copies at cost (face plus postage) to any member of this site. I'd appreciate others doing the same ...

I got the roll. However, the banks got really greedy and wanted a fee for letting me have it, so I have to add a few cents. Please let me know if you want one or more copies.

Peter

[Bimat]

Dear Aditya,

I understand what you are talking about, but ...
It happens the same to me when I want to buy a coin from India (and even from other euro countries).
So, the problem does not seem to be that euro coins get to India with a price of twice its face value. This seem to be logical as dealers sometimes get their coins at face value + overprice, then the shipping cost and, of course, they get a some benefit.
Maybe the problem for collectors comes when government / banks issue coins and make it difficult for collectors get the coins : sometimes they set a strange way to deliver, or they put them directly into the hands of major dealers, etc.

Hi izotz,
As far as possible,do not buy (at-least Republic India coins) from E-bay India.I will not comment on other coins,but the prices of these coins are really too high on E-bay India.You may get the same coin in European market for much lower price! ebay.com is much better option!

Aditya

[Figleaf]

For selfish reasons, I am a bit disappointed with the lack of interest in the Dutch version of the deuro for the euro. I'd hoped to get a few more versions by trading with you ...



Peter

[izotz]

For selfish reasons, I am a bit disappointed with the lack of interest in the Dutch version of the deuro for the euro. I'd hoped to get a few more versions by trading with you ...

I also thought that more people could be interested on sharing this. Maybe it is not so good idea for those who can get a 2€ coin for about 3€ in the market, as shipping may be a high cost when you swap.

Anyway, I'm trying to get more countries for little more than face value, but I'm not sure about this.    I'll tell you something soon.

And of course, no more news about the Spanish EMU coin.

[blackev]

Hi ALL,

First of I would like to apologies for my lack of activity recently, I don't get much spare time nowadays, I have tried to read new posts when I can and I understand that most of us are looking for all the EMU coins (Aidan yes the Ireland EMU is issued as of the Malta and Cyprus EMU).

I recently set up a method to offer all EMU coins to those who wish to participate.
I made the post on another forum and if you wish to participate it would be best to do so from the original post.

Below I have quoted the post although it would be best to respond to the original.

Here is the link to the original post however if this link is not allowed then please PM me for the link.

I hope you all think this is a fair exchange and I look forward to your participation, (Figleaf although a participant for the Netherlands EMU has been found I will still accept another participant [this goes for everyone else too])

Regards,
-blackev

Hi all, Thank you for your interest in this post.

I am sure that most collectors here want all the 20 EMU coins, many of you have already made arrangements to get them, although I am sure that there are many of you that are still looking for the full 20 EMU coins (perhaps for your self or for a friend).

I hope to make a proposal that is fair to both parties, you & me.

Currently I have 8 of the 20 EMU coins.
Cyprus/Greece/Germany (G) (D)/Ireland/Luxembourg/Malta & Portugal.

obviously I still require the other 12 EMU coins.

I need swappers that can provide these missing coins.

If you have one of these missing coins and want to take part in this swap please simple respond to this post declaring the coin you can provide.

When and most importantly IF we get providers of all the missing coins then the swapping can begin (of course with the restriction of the release date of Italy and Spain).

When we get providers of all the coins I will send a PM to each participant.

So what is the swap?

Lets say you are from Germany and can provide the German EMU (J), you will send to me 25 of that coin, in return you will receive all 20 EMU coins.
It will be your responsibility for the arrival of the 25 coins (so you can choose either registered or standard shipping the risk is your choice).

When the coins arrive to me they will be stored until I have all 20 EMU coins (this is due to the late issue date of Spain and Italy).

When all 20 EMU coins have been received they will be sorted into packages containing 1 of each of the 20 EMU coins.
The packages will then be sent to each participant via registered/insured post.

So whats in it for you?

It will cost you €50 + the cost to ship the 25 coins + the time/effort to get the 25 coins from the bank.
You will receive all 20 EMU coins and only have to make one swap.
It is your judgment as to whether or not you find this a beneficial offer.

So whats in it for me?

It will cost me €40 for the 20 coins I am providing + it will cost me €7.85 for registered shipping + the extra cost I paid for the Malta and Luxembourg EMU + the time and effort and cost to organize and post the coins.
because there is a difference of 5 coins I will effectively get 5 EMU coins for face value per transaction.

Important Notes:
1. All coins MUST be UNCIRCULATED.
2. The swapping will only take place if all required participants are found.
3. The first participant of each type will be accepted, subsequent participants may be accepted.
4. Participants may make more than one swap at the same time reducing the shipping cost and thus saving, - please see responses for more detail.

Required EMU:
Germany (A)
Germany (D) - blackev
Germany (G) - blackev
Germany (F)
Germany (J)
France
Spain
Netherlands - Luit
Austria - JackBlack
Belgium
Ireland - blackev
Greece - blackev
Italy
Slovakia
Finland
Luxembourg - blackev
Portugal - blackev
Cyprus - blackev
Slovenia - Luit
Malta - blackev

Regards,
-blackev

[Figleaf]

I got the roll. However, the banks got really greedy and wanted a fee for letting me have it, so I have to add a few cents. Please let me know if you want one or more copies.

I got a roll of the Belgian version also, this time without the surcharge. Please let me know if you want one or more copies.

Peter

[Bimat]

I got a roll of the Belgian version also, this time without the surcharge. Please let me know if you want one or more copies.

Peter

Hi Peter,
I would be interested in the Belgian version

Aditya

[Figleaf]

The €5 Max Havelaar will be issued on 17th May. There will be three versions:

• Circulation version @ €5, incuse lettering
• "€5" silver proof version @ €32,95, relief lettering
• "€10" gold proof version @ €277,95, relief lettering

Please let me know if you want any of these. If you want the gold version, I'll have to ask pre-payment.

Peter

[a3v1]

Peter,
Perhaps you should have added that the Circulation version is in silver clad copper.
Regards,
a3v1

[Figleaf]

Later this month, I will be in Cyprus. I'd be happy to go shopping for other members. Is there some kind of mint sales office in Nicosia?

Peter