Best place to sell a rare metro token

Started by NKtraveller, August 19, 2024, 06:27:18 PM

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NKtraveller

Hello, I have one of the super rare Pyongyang metro tokens, not anymore in circulation.
Does anyone have suggestions of what could be the place to sell it at the highest price possible.
I have contacted a famous coin auction house, but they told me i could sell it at most a few hundred euros due to low demand. I don't want to sell at such a low price.
I am sure there are collectors of rare items from North Korea here and there
Ideas welcome.

Figleaf

The auction house is right. Tokens are not like coins. The coins big auction houses sell are glamorous and well catalogued, they have a high recognition factor, they are often gold or silver. Coins with a mintage of say 200 000 are unhesitatingly called "rare".

Tokens are genuine utilitarian workhorses that have an interesting and often complicated background that requires general knowledge. They come in small series; a large majority of tokens has a "mintage" of less to far less than say 20 000 (for many, the mintage is not known). They are made of cheap materials. They require research as there are few catalogues and there is usually little information to be gleaned from token design. Even in computerised times, token collectors normally stick to the tokens of their own country, since those are often the only ones that are available to them and because many archives - vital for research - still require a personal visit to see individual documents.

In other words, coins from big auction houses are for the likes of the Hunt brothers: too much money and no time and taste for numismatics, so there are many takers, many believing they are buying an "investment" they can use to show off to their admirers. Tokens are for their opposite: people who love research and are passionate about history. There are not many of them and in general they have small budgets (few will spend more than say €20 on a single token), so even tokens that are hard to find are not pricey. In general, therefore, token collectors rarely if ever bother with big auction houses.

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