Coin stores error my gain

Discussion in 'Coin Chat' started by Nathan Bradley, Aug 11, 2020.

  1. Nathan Bradley

    Nathan Bradley New Member

    20200811_202742.jpg 20200811_202750.jpg

    Coin store in my area of Olympia, wa sold me this coin for $1. He had it labeled as the roman empire 27 bc - 498 ad. He had other roman coins and this one the markings were definitely not the same. Took some time but I tracked down that it is an ancient Indian jital 1296AD-1316AD. It is really cool and interesting and gave me a challenge to track down what it really was. Found it to be worth more then his "$1 roman empire coin" which definitely is a nice find in my book. Not that I would ever sell it though just get added to the collection that one day will belong to my son.
     
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  3. lordmarcovan

    lordmarcovan Numismatic jack of all trades & specialist in none Moderator

    Neat. I knew it was India, and old, but that's about all.
     
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  4. hotwheelsearl

    hotwheelsearl Well-Known Member

    I feel like $1 for a coin in that condition is a deal and a half regardless of what it is
     
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  5. lordmarcovan

    lordmarcovan Numismatic jack of all trades & specialist in none Moderator

    Labeling that "Roman" is like calling a banana a watermelon.

    I mean, I could certainly understand someone not knowing what it is, but pulling something else out of thin air to call it is just silly.
     
  6. Nathan Bradley

    Nathan Bradley New Member

    I am an amateur coin collector and I spotted it right away. You would think someone who works at a store would pick up on that. they were also selling error coins... you know some with bubbles in them or a nickel that has a dime imprint on it saying how rare it is... I straight up told the guy bubbles happen when a coin it heated up and an imprint comes from when you put 2 coins in a vise that they are not error coins. I was told "errors could be forged but those were real"
     
  7. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    That is a perfect example when we tell new members who think they have a mint Error when they state.. "I took it to the coinshop and the person told me it is an error".. when it is not! Not all coinshop dealers know about true mint errors :facepalm:

    Thanks for sharing your find with us.
     
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  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    It's funny that just two weeks ago I went in to see my guy. He is the most knowledgeable US coin dealer I have ever known. He had a stack of 5-6 ancient's that came in with a collection he purchased. He had no clue what they were. I was able to identify two very worn Byzantine Folles. The other three were Roman. In his mind, they were taking up space in his display case. Whole point being, I wouldn't judge a dealer too awfully much. Probably just wasn't his area of interest and he was happy you spent the dollar to get it out of his way. Win-win in my book.
     
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  9. lordmarcovan

    lordmarcovan Numismatic jack of all trades & specialist in none Moderator

    Indeed! The old "buying World [or Ancient] Coins from a US coin dealer" can be a profitable endeavor sometimes.

    To illustrate that, here is an old and rather longwinded story of mine, about turning my profits from World Coin cherrypicking into some rare key date US coins.

    I call it...

    How I Got Two Genuine 1877 Indian Head Cents for Eight Dollars

    .
     
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That was a cool story, LordM!
     
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  11. Mike Davis

    Mike Davis Supporter! Supporter

    My thoughts exactly!
     
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