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<p>[QUOTE=&quot;cladking, post: 1191664, member: 68&quot;]Indian proof sets starting in 1950 have been dramatically undervalued for many years.&nbsp; Largely it was a matter of the fact that there just wasn&#039;t any demand for them.&nbsp; Mintages were high enough that you saw them around but low enough that none are common.&nbsp; But there were no buyers at almost any price because people just didn&#039;t collect modern Indian coins either in the US or in India.&nbsp; </p><p><br /></p><p>In the last few years demand has finally begun for these aluminum, brass, ni/ brass and cu/ ni coins so low mintage coinage is being severly impacted.&nbsp;&nbsp; The oldest proof sets have had the biggest run up so far with the 1950 going from $15 several years back to $1500 now.&nbsp; Mintage on this set must be very low judging by how rarely it&#039;s seen.&nbsp; </p><p><br /></p><p>Frankly I believe the real opportunity is in the coins made for circulation.&nbsp; These all still list for pennies to a few dollars but anyone who has ever tried to assemble sets knows that most are unavailable.&nbsp; This especially applies to the higher denominations.&nbsp; I doubt any of the Rupees from&nbsp; before 1988 are common.&nbsp; Ironically when I started out I didn&#039;t even bother with circulated examples but it looks as though many of these moderns are even going to be tough in any grad because of the remarkable attrition on Indian coins.&nbsp;&nbsp; They are periodically debased and people, melters, and the government all compete to destroy the older coinage.&nbsp;&nbsp; </p><p><br /></p><p>The circulating coinage is usually collected much more widely than proof issues and as scarce as the proofs are I&#039;ve always found the uncs to be tougher.&nbsp;&nbsp; Higher prices will bring some of these out of hiding but this will mostly be the aluminum coinage since people couldn&#039;t afford to save the higher denominations.&nbsp;&nbsp; </p><p><br /></p><p>Like most moderns though it&#039;s very very difficult to tell the rare coins from the common.&nbsp; Sure something like a &#039;62 R in unc is tough but what about the &#039;82.&nbsp; Just because you can&#039;t find something with a lot of effort doesn&#039;t prove it&#039;s rare.&nbsp;&nbsp; You have to wait for the price to go through the roof and see if there are any for sale.&nbsp; Generally what you see is what you get.&nbsp; Generally moderns are either quite scarce or distressingly common with few things in between.&nbsp;&nbsp; If you find it then it&#039;s common, if you don&#039;t there&#039;s a good chance it&#039;s rare.&nbsp; </p><p><br /></p><p>I wasn&#039;t aware these sets were bringing even higher prices than the sharply increased prices in Krause but it&#039;s not too surprising.&nbsp; It won&#039;t be long till you see this same thing all over Indian coins and most world moderns.&nbsp; Advances of 100 fold are really quite common for moderns which isn&#039;t too shabby when you consider there are almost no modern collectors.&nbsp; The coins are so rare in pristine condition that just a few collectors will cause the prices to explode.[/QUOTE]</p><p><br /></p>

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