Half rupee 1945 large 5 Bombay

Started by Panter, October 02, 2019, 09:09:20 PM

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Panter

Hi everyone,
Just wondering how rare the coin mentioned above is. Any idea how many were struck or are out there?
Best regards
Panter

Figleaf

I am afraid that there is no good answer to the question. The pricing in KM, is an indication that this variety is hard to find, so you get into a circular argument where your best guide to scarcity is the pricing but you don't know what the prices are based on, as the coin is scarce, so pricing evidence is anecdotal at best.

The right way to make a rough estimate of relative scarcity is to find a large, random lot (not coins from a dealer or collector) of 1945 rupees and make stats on how many of each variety are in the lot. That is unlikely to happen.

In the end, it all depends on the individual appetite of the buyer. Find the right buyer and the price goes up. Grow desperate waiting for a buyer, any buyer, and the price goes down. That may even happen at the same time in different places or it may happen in the same place at different times.

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

Panter

Thank you Peter.

I agree 100% with your brilliant observation and judgement !!

Best regards

Panter



Globetrotter

The large 5 seems to be around 40 times more expensive according to NGC prices, see attachment