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<p>[QUOTE="gxseries, post: 3125879, member: 4373"]I have been doing a bit of looking around and had been thinking that coin collecting is not all about throwing big bucks on coins.</p><p><br /></p><p>I decided to look at coin collecting from a different angle - what if you look at what you can buying coins with the minimum wage your country is on. Does that mean that you can't find anything interesting? Let's be reasonable - any absurd lucky dip finds in junk box should not count - I'm basing on 'fair value'. </p><p><br /></p><p>My aim is the following -</p><p>1) Show that coin collecting is not an expensive hobby</p><p>2) Have a bit of understanding of other world economy with respective to minimum wage</p><p>3) Look at other world coinage</p><p><br /></p><p>I'm in Australia and the average minimum wage is around 18 - 19 Australian dollars - this would be around 14 USD. To put it in context of big mac - it is 5.70 Australian dollars so it's around 30% of an average minimum Australian wage. </p><p><br /></p><p>So with this budget - I have come up with the following top three of my favorite at a budget. I'll written the prices in the context of US dollars. </p><p><br /></p><p>Japan 5 yen (old script) - about 5 - 10 dollars. </p><p><img src="https://www.omnicoin.com/coins/924764.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Depending on how grade you are after, this could range from a few dollars to more than three figures easily. A VF-XF coin should be reasonably obtainable at around 10 dollars. As of why I really like this coin, this is one of the coins that really illustrate Japan right after WWII. Featuring the agriculture industry at the reverse, you can see rice stalk, gear and water. Quite subtle. On top of this, this is the only circulating Japanese coin that does not have any arabic figure. The older font script appeals a lot more to me as it looks more 'bad-ass'. Otherwise the new script coin can be obtained at face value at mere 5 cents. </p><p><br /></p><p>Malaysia 1 ringgit (demonitized) - 5 - 10 dollar </p><p><img src="https://www.omnicoin.com/coins/984089.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>If you like interesting knifes, this is definitely one of them. Featuring a kris which is more like a 'wavy' dagger. Origins are somewhat unclear however home to various South East countries. Manufacturing of such daggers is a dying trade as there is no longer a need for such weapons - these were historically used as self defense or execution. Ironically this coin suffered similar dying fate - the use of this coin died quickly as 1 ringgit note replaced it. There were rumors that counterfeit ringgit coins led to its demise despite the low exchange rate of 40 US cents. </p><p><br /></p><p>Russia commemorative 10 ruble (Gagarin) - 5 - 10 dollars</p><p><img src="https://www.omnicoin.com/coins/952337.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>I have to be a bit biased - this is one of the coins that I pulled from circulation when I was at Russia. I do not know how often they circulate today but these did disappear quickly with coin collectors hoarding when I was there. Hard to go wrong when you can pull one from circulation around 30US cents. I do have one that's UNC but this circulated condition looked like it's gone to the moon. If you like space theme, there's no reason why you wouldn't want to have one. Actually scratch that - the entire 10 bi-metal Russian coins can be very addictive. (with the exception of some rarer ones...)</p><p><br /></p><p>Would like to see some other side of the world. Please feel free to share some information and pictures![/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 3125879, member: 4373"]I have been doing a bit of looking around and had been thinking that coin collecting is not all about throwing big bucks on coins. I decided to look at coin collecting from a different angle - what if you look at what you can buying coins with the minimum wage your country is on. Does that mean that you can't find anything interesting? Let's be reasonable - any absurd lucky dip finds in junk box should not count - I'm basing on 'fair value'. My aim is the following - 1) Show that coin collecting is not an expensive hobby 2) Have a bit of understanding of other world economy with respective to minimum wage 3) Look at other world coinage I'm in Australia and the average minimum wage is around 18 - 19 Australian dollars - this would be around 14 USD. To put it in context of big mac - it is 5.70 Australian dollars so it's around 30% of an average minimum Australian wage. So with this budget - I have come up with the following top three of my favorite at a budget. I'll written the prices in the context of US dollars. Japan 5 yen (old script) - about 5 - 10 dollars. [img]https://www.omnicoin.com/coins/924764.jpg[/img] Depending on how grade you are after, this could range from a few dollars to more than three figures easily. A VF-XF coin should be reasonably obtainable at around 10 dollars. As of why I really like this coin, this is one of the coins that really illustrate Japan right after WWII. Featuring the agriculture industry at the reverse, you can see rice stalk, gear and water. Quite subtle. On top of this, this is the only circulating Japanese coin that does not have any arabic figure. The older font script appeals a lot more to me as it looks more 'bad-ass'. Otherwise the new script coin can be obtained at face value at mere 5 cents. Malaysia 1 ringgit (demonitized) - 5 - 10 dollar [img]https://www.omnicoin.com/coins/984089.jpg[/img] If you like interesting knifes, this is definitely one of them. Featuring a kris which is more like a 'wavy' dagger. Origins are somewhat unclear however home to various South East countries. Manufacturing of such daggers is a dying trade as there is no longer a need for such weapons - these were historically used as self defense or execution. Ironically this coin suffered similar dying fate - the use of this coin died quickly as 1 ringgit note replaced it. There were rumors that counterfeit ringgit coins led to its demise despite the low exchange rate of 40 US cents. Russia commemorative 10 ruble (Gagarin) - 5 - 10 dollars [img]https://www.omnicoin.com/coins/952337.jpg[/img] I have to be a bit biased - this is one of the coins that I pulled from circulation when I was at Russia. I do not know how often they circulate today but these did disappear quickly with coin collectors hoarding when I was there. Hard to go wrong when you can pull one from circulation around 30US cents. I do have one that's UNC but this circulated condition looked like it's gone to the moon. If you like space theme, there's no reason why you wouldn't want to have one. Actually scratch that - the entire 10 bi-metal Russian coins can be very addictive. (with the exception of some rarer ones...) Would like to see some other side of the world. Please feel free to share some information and pictures![/QUOTE]
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