Peru 1 sol

Discussion in 'World Coins' started by Hiddendragon, Dec 29, 2012.

  1. Hiddendragon

    Hiddendragon World coin collector

    I wanted to share this 1923 Peru 1 sol that I picked up today. I think the design is pretty neat.

    I was checking out a new coin shop for the first time when I got it. I moved recently and wanted to find a shop in my area. This one is the closest I could find, but i didn't really care for it. It's in Glenview, IL, if anyone is familiar with the area. I was probably there 15 minutes before anyone talked to me, and he didn't have any of the coins organized in a logical system. I prefer to go to places with bins of coins priced out - $1, $2, etc. I had to ask for a price on everything, and I'm reluctant to put something aside when I don't know what it's going to be. Plus, he had a few world coins out at 10 for $1, but they were 95 percent Polish from 2008 or 2009. There didn't seem to be any collection of the type that I usually target - base metal coins from the 1880s to 1940s in circulated condition, things like 1930s French 10 centimes, 1920s British pennies, stuff like that. I've been to a few dealers who don't seem to have this kind of stuff, and I don't know what they do with it because people must bring it in. They also had some priced world coins on display and every one was a ridiculous price. 1947 British penny for $14, for example. That just reduces my faith in anything he had. And when he's going to be looking up everything I buy, I know I won't be getting a deal. I don't think I'll be going back there.

    Anyway, just wanted to share this coin and my experience.
     

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  3. jlblonde

    jlblonde Señor Member

    It is a very nice coin. Congrats.

    I know how you feel. There are some dealers like that around here in the LA area. One old guy looks like a miner '49er, always has a cigarette in his mouth and doesn't care much for selling to ordinary collectors, he deals mainly with big transactions. Two other shop owners are highly political and spout their views to every customer, another owner doesn't know anything about coins and most of the other dealers are bullion traders.

    To most dealers around here, foreign coins are kind of a nuisance. They acquire them as part of a larger buy usually consisting of US silver coins as the primary intention of purchasing the lot. They'll quickly sift through the foreign stuff looking for unusual or precious metal items. The rest go into bins which may sit for years before they're placed out for sale. To make space, most dealers will sell them by the pound so they don't end up with a lot of real junk that no one will ever buy. A lot of dealers that I know of either inherited the shop from a family member or have worked in them since they were kids. Most only collect extremely rare coins or in some cases non at all, but they all have gun collections.
     
  4. Hiddendragon

    Hiddendragon World coin collector

    I kind of got spoiled the first time I went to a shop looking for world coins. They had a huge bin of them that was unsorted and I went through them and the owner came over and kind of glanced at them and gave me a price when I was done. There was a lot of valuable and unusual coins there and I found a lot I wanted. Later, they sold all of those off at a show or auction and when they started from scratch, they started looking everything up and sorting it, and then it wasn't nearly as fun because a lot of what I had been getting for 25 cents was now $3. I like dealers who care enough about foreign coins to have them for sale but not enough to really know what they have.
     
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