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<p>[QUOTE="Hiddendragon, post: 8554795, member: 25270"]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.</p><p><br /></p><p>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. </p><p><br /></p><p>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.</p><p><br /></p><p>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. </p><p><br /></p><p>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. </p><p><br /></p><p>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. [ATTACH=full]1510420[/ATTACH] [ATTACH=full]1510421[/ATTACH] [ATTACH=full]1510422[/ATTACH] [ATTACH=full]1510423[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Hiddendragon, post: 8554795, member: 25270"]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. [ATTACH=full]1510420[/ATTACH] [ATTACH=full]1510421[/ATTACH] [ATTACH=full]1510422[/ATTACH] [ATTACH=full]1510423[/ATTACH][/QUOTE]
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