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  • National Level Coin Expo 2015-Salem: May 16, 2015 - May 18, 2015

Author Topic: National Level Coin Expo 2015-Salem Coin Society-ON May 16,17 & 18. 2015. TN  (Read 2956 times)

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Offline kishoretkm

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Hi Friends,

I got this news from FB.
National Level Coin Expo 2015. Numismatic & Philatelic. Organized by Salem Coin Society.

Date:  ON May 16,17 & 18. 2015. Saturday, Sunday n Monday
Venue: vasavi mahaal, Salem TOWN, First Agraharam. Salem.636001 . TAMILNADU. INDIA

For Stall Booking 09042575500. 09442622334. 09597400801
« Last Edit: May 07, 2015, 12:02:05 PM by Figleaf »
Best Wishes,
Kishore

Offline dsuramou

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Hi Kishore,

Thanks for the info.

Also any news on when is the next exhibition in Chennai happening ? Its almost been 2.5 years since we had the last one in Chennai.

Regards
Deepak

Offline kishoretkm

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Hi Deepak,

Few days before I had chat with one of chennai dealer thru WA and he stated that might be exhibition held on July month, but not confirmed yet.
Will share the information once its confirmed.
Best Wishes,
Kishore

Offline kishoretkm

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Just for reminder,

Coin Expo at Salem on coming Saturday, Sunday and Monday, May 16,17 & 18. 2015.
Best Wishes,
Kishore

Offline dheer

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Anyone visiting, please post a note giving an over view of how the event was.
http://coinsofrepublicindia.blogspot.in
A guide on Republic India Coins & Currencies

Offline kishoretkm

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One of my friend visited Salem Coin expo with her family on Sunday and she stated that New circulation coins are sold at
Rs 5 coin-10 rupees
RS 10 coin---20 Rupees --single coin

She said , If we bargain we will get proof/UNC sets at reasonable price,
She bought 2003 - Veer Durgadass Rathore - Proof set @ 5200 (RS 100, 10 and 1 coins)
Also RBI 75 years Proof set : Rs 3200.

More Crowd on  Second day -- Sunday, Compare to Saturday but most coins are sold at first day at reasonable price.
As usual Tilak Ji coins sold at  RS 2500
Tilak coins Cu ni/FSS--Rs 150-200 range
Couldnt see UNC condition Cu Ni coins compare to last time (Last time she bought new UNC conditions Cu Ni 5 rupee coin at Rs 10-15 range per piece), but this time all are used one. not shiny.

Best Wishes,
Kishore

Offline kishoretkm

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Salem Coin Expo Pics
Best Wishes,
Kishore

Offline dheer

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Thanks for the update.
yep RBI sets are even getting sold below the Mint Issue price  ;D
http://coinsofrepublicindia.blogspot.in
A guide on Republic India Coins & Currencies

Offline Bimat

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Thanks for the update.
yep RBI sets are even getting sold below the Mint Issue price  ;D

Huh? Can you please explain? As far as I know, Unlike many EU based mints / central banks, Indian mints do not sell coin sets at a discounted price to dealers / for bulk purchases...How can dealers afford such a loss making transaction then?

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Figleaf

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The issue may be liquidity. Suppose that as a dealer you have sunk money into modern sets and fashion is suddenly shifting from modern sets to Mughal issues. Say that getting credit would cost 15%. Selling your modern sets would require a loss of 10%. With the money from the credit or the sales of the sets, you can buy Mughal coins and score a profit of 100%. This sort of situation would make it attractive to liquidate your modern sets at a loss, in order to avoid high cost of credit and shift towards more profitable business.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline dheer

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Huh? Can you please explain? As far as I know, Unlike many EU based mints / central banks, Indian mints do not sell coin sets at a discounted price to dealers / for bulk purchases...How can dealers afford such a loss making transaction then?

Aditya

Well when the RBI sets were issued, Republic India collection was at peak, quite a few dealers made bulk purchases and the fact that first time Rs 75 coin was issued added to the frenzy. Till 2012 - 2013 the dealers sold these sets at 10 to 20% premium. However now they are being dragged by inventory, remember dealers work on rolling money. So these sets are now going even at Rs 3000/- where as the issue price was Rs 3300 for UNC.
http://coinsofrepublicindia.blogspot.in
A guide on Republic India Coins & Currencies