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Copper Catcher
Moderator
USA
594 Posts |
 Posted - 07/18/2008 : 16:07:22
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What I am referring too is this: DEALER Bundesbank bags. Unsearched Mixed Foreign Coins
See: http://cgi.ebay.com/DEALER-Bundesbank-bags-Unsearched-Mixed-Foreign-Coins_W0QQitemZ370033094523QQihZ024QQcategoryZ544QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
I have seen bags like this offered for some time and have always wondered if there would be any decent coins or is this mainly hype? The skeptic in me would have to assume that if it was such a great deal that the guy would be keeping everything and scrapping it himself versus selling anything. What say you?
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DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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Cody8404
Penny Collector Member
USA
340 Posts |
Posted - 07/18/2008 : 16:19:15
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I shy from foriegn coins.
When I say foriegn I mean beyond the U.S. and Canadian and even some Mexican coins. Things people I interact with would recognize.
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
Edited by - Cody8404 on 07/18/2008 16:21:45 |
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legacypac
Administrator
Canada
1653 Posts |
Posted - 07/18/2008 : 16:52:52
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I get enough international coins from my sorting here. Just picked up a 2007 25 ore Danish coin from right on the end of a penny roll.
Those bags might be a good way to build your circulated international coin collection - but I would not think them a practicl way to collect silver, copper or nickel. You need a bunch of an easily verifiable composition coin to make a pound of copper or nickel - less then a few pounds is just not worth the cost of handling to hourd. |
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knibloe
Penny Hoarding Member
USA
537 Posts |
Posted - 07/18/2008 : 20:26:49
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| Coinflation had an article a while back about how NYC sells all of it's foreign coins at auction the end of every year. Apparently, they get a lot of them in the parking meters. |
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Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
Posted - 07/18/2008 : 23:32:59
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quote:
Originally posted by Copper Catcher
What I am referring too is this: DEALER Bundesbank bags. Unsearched Mixed Foreign Coins
See: http://cgi.ebay.com/DEALER-Bundesbank-bags-Unsearched-Mixed-Foreign-Coins_W0QQitemZ370033094523QQihZ024QQcategoryZ544QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
I have seen bags like this offered for some time and have always wondered if there would be any decent coins or is this mainly hype? The skeptic in me would have to assume that if it was such a great deal that the guy would be keeping everything and scrapping it himself versus selling anything. What say you?
I bought a one-pound bag about a year ago and didn't recognize any of the coins as being silver or (ha!) gold. I think it's just hype and that only people who buy lots such as these don't know much about foreign coins (like myself) or about the odds of finding anything valuable--and I'd say it's a safe bet that the seller realizes that this is a crapshoot for the buyer that the buyer will probably lose. I say save your time and money for other purchases, like copper pennies. |
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
Edited by - Nickelless on 07/18/2008 23:35:25 |
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aloneibreak
Penny Collector Member
USA
256 Posts |
Posted - 07/19/2008 : 00:42:41
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i bought a small bundesbank lot one time too and wasnt that impressed with the selection. mostly european coins of course and nothing that old. maybe 1 small silver per 7 pounds if i remember right. hard to hoard as well because of the difficulty in figuring exact composition. i only hoarded the nickel ones. there was a thread on here showing the main types a while back.
i collected foreign pretty heavy for a while - have just under 3000 different. i did it not so much for value as for the learning experience. you can learn a lot from a country if you actually know whats pictured, the dating systems, rulers, denominations and so on. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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Tourney64
Penny Hoarding Member
USA
713 Posts |
Posted - 07/19/2008 : 06:33:48
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| I purchased a bag of foreign coins on EBay a few years ago. It was 20 lbs of coins, and I got a lot of silver and a lot of older coins. About 20% from Mexico and Canada. I paid $10 bucks for it and got at least $30 in silver. Several older pre 1900 coins in the mix, that I have no idea on the value. I bought it because I thought I would give several of the coins out as interesting Christmas gifts along with Silver Eagles. I had no idea it had the silver or older coins before I bought it. |
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Has anyone ever purchased a Bundesbank bag?
