Is it the same?

did I just get a $350 coin identical to the one linked for only $2.50? They're both 1974-B Indian 1 Rupee proof coins in BU condition without even a single fingerprint.

http://www.ebay.com/itm/INDIA-1-RUPEE-1974-B-NGC-GRADED-PF-67-PROOF-COIN-EXTREMELY-RARE-/261202704808?pt=US_World_Coins&hash=item3cd0e4f9a8

 

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that ebay listing is for a proof

 

mine is also a proof. I just put up the rest of the photos.

 

That coin is a proof. Is yours?

 

Yes, i just put up the rest of the photos but mine is also a proof.

 

not sure maybe thats just what the guy wants for it try to find another auction i do know it came from this set with only 9138 sets sold

http://numismatist.in/tag/1974-1-rupee-coin/

 

ASKING a certain price for a coin, and GETTING a price for a coin are two different things.

I can ASK $1,000 for a junk morgan dollar, but will I GET that? No.

Now...Rupees dated 71-4 were ONLY made in proof issues.

That being said, Krause shows $100 in "proof", with no price designation for different proof grades.

With that said, of course a PF69 will be worth more than a PF67.

With THAT said, the only TRUE way to get an accurate value of your coin is to have it certified by NGC (or PCGS), and list it in an auction.

1 1974 1 Rupee and 2 other proof India coins sold for $71.62 here recently.

http://www.ebay.com/itm/INDIA-Set-of-3-Proof-coins-1974-1-Rupee-50-25-Paise-Nice-Y112-/400457487876?pt=UK_Coins_World_RL&hash=item5d3d205604&nma=true&si=9i7g8ivwJP6E%252BJ7IvX4wQdxLGC8%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

With all of THAT said, once certified, I would expect your coin to be worth around $50-$75.

However, as mentioned before, you cannot stick a realistic value without it being in an auction.

 

I am certainly not an expert on that particular coin, but I can see a difference in the quality of the strike. This leads me to believe that you either have an extraordinary business strike coin or a reproduction piece. I don't see any of the tell tale markings of a proof coin aside from the reflective surfaces.

 

Oh, thank you. I was planning on having it graded after i got a few replies so i didn't send out a coin worth less than $50. When i sell it maybe i'll go for a fairly high price since i would be the only other person trying to sell one on ebay.

I'd say i made a pretty good purchase then at $2.50.

 

I'm still not very good at telling the whole proof thing myself, i was just going by what it was previously marked as. It might be a reproduction but i guess the only way i'd be able to find that out for sure would also be grading.

and it makes it harder for me that i dont live in India.

 

#1. They did not make any 1 rupee coins from 1971 to 1974 in circulation strikes, ALL were proofs. The 1970 was a mixture of proof and circulation strikes.

#2. I HIGHLY doubt this piece would be countrified. The "strike quality" can depend on the quality of the die itself.

 

Maybe Spock will buy it? For a gazillion? :devil:

 

I dont get it.

 

Perhaps he'll check in.......and enlighten. He's an expert on Indian coins and a member most profound.......

 

Oh. Lol

 

In my experience the Krause prices for more modern world coins tend to be far higher than they actually sell for. When I buy world coins I tend to base my bid price on the lowest grade listed in Krause, and that is often around what they sell for, if not less. That's why it bugs me when I go to a coin show and see people trying to sell common, modern world coins at a premium based on grade. For modern world coins I don't think there really is a premium for grade. If yours is a proof with 9,000 made as someone said, I'd expect it to fetch maybe $5-$10 on a good day based on other coins with similar mintages that I've seen sell.

 

Oh. What is Krause?

 

It's like the 'Red Book' of world coins.........

 

But is it a book or a website?