Gambled and bought an unknown and it’s a winner

Discussion in 'Coin Chat' started by H8_modern, Sep 25, 2022.

  1. H8_modern

    H8_modern Attracted to small round-ish art

    I was at the VNA (Virginia Numismatic Association) show yesterday and saw a coin that looked interesting. The side visible in the case was familiar but really I liked the design on both sides. Dealer really didn’t have any info other than the side he had displayed was in the redbook but the other side wasn’t. It was priced at $100 but he said I could have it at $80.

    This was what I saw

    And here is the other side


    The third side reads “Payable in London Liverpool and Brighton”

    Here are some screenshots of what I found out when I got home.



    So please share your stories of when you bought a pig in a poke and it turned out to be a winner.
    mikenoodle, AdamL, Tall Paul and 8 others like this.
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  3. kanga

    kanga 65 Year Collector Supporter

    Not something I collect but very eye catching.
    Well done.
  4. toned_morgan

    toned_morgan Toning Lover

    Oh man talk about return on investment!

    I mainly buy and resell to make profit (which bugs me a bit, I wish I could have enough money to make and keep a PC) so most of my purchases are "pigs in pokes that turn out to be winners". I would say one of my favorites I have bought and sold is this one, a beautiful blue and orange toned Morgan in a decent grade of 62. Bought $80 as part of a date set challenge, and resold for $200+. A coin that I really enjoyed and wished I had kept a bit longer.

    DSC_0777.JPG DSC_0781.JPG

    Here's a more recent one, got it on an auction that didn't have good photos and just didn't get enough attention for $125. I haven't sold it yet but it is for sale at a price that would return a decent profit.

    DSC_1933.JPG DSC_1932.JPG
  5. Treashunt

    Treashunt The Other Frank

    The closest that I ever had as a 'pig in a poke' was:

    A Hawaii quarter dollar at a club coin show.

    It was slabbed by ANACS as an XF-40.
    I had no clue as to value, but I figured for $20 it was worth the shot.

    Well, Trends is about $150.

    I also got one [raw] back in 1999 at another local show that the dealer & I graded as VF. Cost me a massive $8. And another VF in 2003, for $45. - That one was not as great a deal.

    Funny part was that I had forgotten that I had the other two when I got the ANACS one
    H8_modern and -jeffB like this.
  6. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast


    At the Portland fall show a few years ago. This was in the $10 ancient/medieval tray and I just thought it looked cool.

    Similar examples have sold for close to four figures.
    H8_modern and Tall Paul like this.
  7. Tall Paul

    Tall Paul Supporter! Supporter

    Congratulations. Great coin all the Conder Token collectors will be jealous.
  8. H8_modern

    H8_modern Attracted to small round-ish art

    That’s amazing and exactly the kind of story I was hoping to read.
    Omegaraptor likes this.
  9. Hiddendragon

    Hiddendragon World coin collector

    This is funny because I bought the same coin about two weeks ago and had the same pleasant surprise when I researched it. I was just buying a few Conder tokens that I thought looked neat and I paid $5 each for them. Mine's not as nice as yours but the price was right. 1795 irish half penny.jpg
    H8_modern and Omegaraptor like this.
  10. Hiddendragon

    Hiddendragon World coin collector

    I don't have a big budget for coins, and I'd much rather buy 500 coins from a junk bin than one $500 coin. That being said, I've learned through the years what is a typical junk bin coin and what stands out. This has enabled me to find some really great values through the years. If you're a U.S. collector you can't really understand just how many excellent deals are out there in foreign coins if you know what you're doing, because most dealers think there's no money or demand there and don't bother to learn what they have. You can especially score big with coins that use non-Western languages because no one but the most knowledgeable dealers know what they are. Here are a few great scores through the years.

    1. 1690 Ireland 1 shilling gun metal coin: These sell for a range of $30-$50 or more. I was at a coin shop and asked to look through their bulk world coins. They told me there wasn't much there as someone had recently bought them all, but they had a few. In the box was a bag of Moroccan falus coins from the 1800s. If you don't know what they are, they look like junk because they're very primitive, but I knew it was a great find so I took the whole bag, and it was a little over a pound, at $10 a pound. I ended up keeping an example of all the Moroccan coins for my collection and selling the others for about $3 each. Strangely inside the bag was this 1690 Ireland 1 shilling. Nothing else in the bag was anything like it and I don't know how it got in there, but I'll take it.

    2. 1914 China 1 jiao: Same coin shop, different visit. I'm digging through the world coin bulk bin and find this Chinese coin. I know it's silver and I see the famous fat man, so if it's real I know it's a great find. I purchased it at the same pound for $10 rate, and I have been told by people who know that it's authentic. These are selling for about $100 on eBay.

    3. 1931 China Honan 50 cash: Different coin shop, I found this in another bulk world coin search and paid about 25 cents for it. I've been told it's authentic and they can sell from anywhere from $40 to $100 or more.

    4. Turkey gold 25 kurush: I found this in a world coin junk bin for 15 cents. As soon as I saw it I suspected it was gold, and sure enough, I took it to a place with a machine that tests for gold and it was. I believe the shop thought it was a belly dancing token or something. Last I checked it has about $50 of gold in it.

    This is the stuff that makes world coin junk bin diving fun. It's really the only thing I'm interested in anymore when it comes to buying coins. 1690 Ireland 1 shilling.jpg 1914 china 1 jiao.jpg 1931 honan 50 cash.jpg turkey 25 kurush.jpg
    H8_modern and BasSWarwick like this.
  11. BasSWarwick

    BasSWarwick Well-Known Member

    About 15 years ago I discovered NZ $1 and $2 coins had various unlisted faults. Very few people had realized this and I was able to buy bags of 200 from the bank weekly at face and find several with issues. These I then sold on a local auction site for between 3000-7000% profit. This went on for some time before others figured it out and flooded the market
    Last edited: Sep 28, 2022
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  12. H8_modern

    H8_modern Attracted to small round-ish art

    Nice! I once picked up a Puerto Rico dime from a junk bin. Bought for .25 cents and sold it for $75
    Hiddendragon likes this.
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