:hammer:My fellow Coin Talk members and inquisitive guests prepare yourselves for a wonderful surprise awaiting you on the pages of the new Standard Caralog of World Coins 1901-2000. As you peruse the pages take a little longer to look at the ""Crown-size" and larger silver coins. Compare the prices shown versus the prices in the last edition. SURPRISE! Many are 20% higher (a few just a tad higher and a few above the 20% rise). This is due to a number of complaints by dealers in other countries. If you own foreign silver crowns or larger silver coins, you should be delighted. Good collecting.. . Clinker
so they raised the prices based on the sellers complaints in other countries?? Why?? so those sellers can now sell those coins for a higher profit margain?? glad i dont collect them!
It was mostly due to the rise in Silver bullion prices, but a lot to do with Krause's researchers... Clinker
You should collect coins that you enjoy collectng. What someone else says they're worth should mean nothing if you enjoy looking at them. Their values whether they're inflated or deflated only has merit if you are trying to buy or sell them and then someone uses that particular guide to set or fix his prices.
This is what I dislike about the Krause guide. Dealers take it as gospel! If the guide says its worth $x.xx, then thats how much they'll sell it for - and they'll buy it at less than half the price. Nevermind the fact that the prices (and even the coins themselves!) can be grossly inaccurate
I have copies of both the Krause catalog and the Redbook, but I never bothered to check how their prices compare on US coins... Are they similar? Is one a lot lower then the other? If no one can answer that question, I'll have to check when I get home from work...
That is what i am talking about. If i did collect them, i would be stuck paying higher prices BECAUSE dealers would set the sale price higher based on the published values.
And grading standards of foreign dealers are much stricter. An American coin graded by an American dealer may be Extra Fine, but would be graded Very Fine by foreign dealers. Foreign dealers (for the most part) will not purchase a coin with scratches , rim nicks or other damage for inventory. clinker
All I can say is that you guys sure must know a lot of dealers that I've never run across. One of the biggest problems that you will ever encounter if you buy coins from European dealers is if you try to have the coins slabbed once you get them - they are often body-bagged. Europeans often see nothing at all wrong with harshly cleaning a coin - they will literally polish it up with a rag. And then never mention it in the description. As for grading, I would not say it is tougher than US grading, it is just different. They follow the old system for the most part - they use adjectival grading. It is much like technical grading in that regard, but they expand it. Instead of using a grade like just VF, they will say About Very Fine, Very Fine, Good Very Fine and Choice Very Fine. I see little difference between that and VF15, VF20, VF25, VF30 and VF35. And as for the Krause catalogs, there have been few if any increases listed for world coinage for years. Of course you have to remember that Krause does not publish a new book every year, they do it every few years. So of course the prices get out of date and are rarely accurate. But world coin prices have been seeing increases for about 4 years now, some of them dramatic. To a large degree this is because collecting world coinage has undergone a recent spate of popularity. US collectors are getitng tired of of paying outrageous prices for US coins. They have been finding out through posts on forums like this that the rarity of world coinage is multiples of that of US coinage, that the beauty, history etc etc all is better than US coinage. And most of all, world coins are a fraction of the cost of US coins. So of course prices are going up - there is more demand ! There is nothing unusual in this.
please remember that not all demand is american the world demand from other countries is also growing exponentially. if you have some world sets that need completing i would advise to get it done ASAP or you will end up paying through your nose ( especially if you are collecting the hotbed countries) and be careful counterfeits are increasing
DGJSMP and spock1k: Thanks for all that info garnered by your experiences. I really appreciate you two members... Clinker
My dealer treats world coins properly. He sells them for BV, unless mint state or exceedingly rare. Everything else goes in a 6 for a $1 bin.
What are the hotbed countries? I have a few $$ to spare this month...Lemme know and I'll go hunt for them:hammer:.
ha yeah what are they cuz I have a large assortment of coins from around the world. Any big collectors for animal themed coins cuz i got a lot of them lmao:mouth:
Krause researcher's. :mouth: They have dealers who provide price changes for specific countries. If the dealers report up prices, they may get reflected. If the dealers report down prices, they get ignored as Krause does not want to show coins going down in price.
Hi all of you! I heard that Krause received lots of letters, phone calls and e-mails from dealers and collectors alike throughout Africa, Europe, Asia and South America as to the prices printed in the Standard Catalog of World Coins not being realistic. They all were complaining the listed prices were not reflective of the coin market's values in their part of the world. Their input was Krause needed to increase the catalog's price listing about 20%. Clinker
