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<p>[QUOTE="Sullykerry2, post: 2066125, member: 57121"]Thank you GX series and Krispy for your messages.</p><p><br /></p><p>Let me address GX Series question pertaining to examples.</p><p><br /></p><p>I have several JDNA catalogs (2015, 2007 and 1998) which I use to hone my skills at identifying certain Japanese coin types. (A quick side note: I used to be able to read and write Japanese when I was younger - studying and working in Japan).</p><p><br /></p><p>The JDNA catalogs are great research sources as stated but the coin pricing is not current. If I use the exchange rate of $/JPY115, you can better understand my dilemma.</p><p><br /></p><p>For example, the 1884 One Yen (not counter-stamped) is priced in the 2015 catalog at Yen 350,000 for what is likely to correspond to one of our MS grades - brilliant un-circulated. In 2007 the coin was valued at Yen 250,000. In the JDNA catalogs of both 2015 and 2007 any coin below the equivalent of About Un-circulated remained unchanged in price. </p><p><br /></p><p>I researched several Heritage auctions and found that the one Yen coin graded at MS-61 (Norman Jacobs Collection) crossed at $1,610 with the buyer's premium on September 8th 2011. Using an $/95 exchange rate ( more likely where the yen traded then), the JDNA value is off by more than one-half (in 2011 terms the JDNA value would have been nearly $3,700).</p><p><br /></p><p>I found this pattern to be true for a Man-en One Bu-kin valued at Yen 250,000 in the 2015 catalog for a Brillant Un-circulated example. In the same 2011 Heritage auction, a beautiful Man-en One Bu-kin went for $977.50 with Buyer's Premium.</p><p><br /></p><p>I hope I have outlined my dilemma. My original question still holds: Where is a good source of updated Japanese coin prices?</p><p><br /></p><p>What my examples show above: There appears to be a substantial arbitrage opportunity between U.S. and Japanese coin prices. Now I just got to find the buyers in Japan!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> John[/QUOTE]</p><p><br /></p>
[QUOTE="Sullykerry2, post: 2066125, member: 57121"]Thank you GX series and Krispy for your messages. Let me address GX Series question pertaining to examples. I have several JDNA catalogs (2015, 2007 and 1998) which I use to hone my skills at identifying certain Japanese coin types. (A quick side note: I used to be able to read and write Japanese when I was younger - studying and working in Japan). The JDNA catalogs are great research sources as stated but the coin pricing is not current. If I use the exchange rate of $/JPY115, you can better understand my dilemma. For example, the 1884 One Yen (not counter-stamped) is priced in the 2015 catalog at Yen 350,000 for what is likely to correspond to one of our MS grades - brilliant un-circulated. In 2007 the coin was valued at Yen 250,000. In the JDNA catalogs of both 2015 and 2007 any coin below the equivalent of About Un-circulated remained unchanged in price. I researched several Heritage auctions and found that the one Yen coin graded at MS-61 (Norman Jacobs Collection) crossed at $1,610 with the buyer's premium on September 8th 2011. Using an $/95 exchange rate ( more likely where the yen traded then), the JDNA value is off by more than one-half (in 2011 terms the JDNA value would have been nearly $3,700). I found this pattern to be true for a Man-en One Bu-kin valued at Yen 250,000 in the 2015 catalog for a Brillant Un-circulated example. In the same 2011 Heritage auction, a beautiful Man-en One Bu-kin went for $977.50 with Buyer's Premium. I hope I have outlined my dilemma. My original question still holds: Where is a good source of updated Japanese coin prices? What my examples show above: There appears to be a substantial arbitrage opportunity between U.S. and Japanese coin prices. Now I just got to find the buyers in Japan!! :) John[/QUOTE]
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Japanese pre-WWII Coins - Pricing Sources for Meiji to early Showa?
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