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Is something going on with Indian coins?

GreigGreig Posts: 89 ✭✭
in World & Ancient Coins Forum
A random walk through the auction results for Indian coins on the Heritage website today (I have too much time on my hands...) revealed some, to my thinking, rather amazing results. For example, three 1919-1920 Geo V 8 annas restrike in proof sold in the $500 to $1700 range in 2012-13. And, there were several QV and KEVII rupees in relatively low unc (MS 62) that sold for over $100, while a PCGS MS 64 1908(c) rupee went for over $500 in December 2013. Do I need a new Krause (mine is a 2004), or has the Indian coin market heated up?

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    ajaanajaan Posts: 17,125 ✭✭✭✭✭
    Krause is useless when pricing Indian coins.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    TiborTibor Posts: 3,260 ✭✭✭✭✭
    Their economy is doing quite well. Just like the Chinese, Russian and Eastern European
    countries many collectors of means are bringing home the numismatic treasures. I can remember
    buying those large copper "kopecks" in the 80's by the bag full, now I can sell one
    piece for what I paid for a lot of 25. Same with Hungarian Madonna denars and 1600
    kreuzers.
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    JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    India has been on a tear for the past 6-7 years. I had one of the modern proof sets, can't remember which year, that I had paid around $3 for back in the 80's. It sold on ebay for around $600 or so two years ago.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
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    YQQYQQ Posts: 3,277 ✭✭✭✭✭
    Krause is useless any day for pricing. Even when just published. Just look at how often they publish....
    However, for info on coins etc... They are well positioned.
    I never rely on their pricing. there are other, more up to date pricing sources.
    Today is the first day of the rest of my life
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    lordmarcovanlordmarcovan Posts: 43,218 ✭✭✭✭✭


    << <i>Krause is useless when pricing Indian coins. >>

    image

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
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    MacCrimmonMacCrimmon Posts: 7,054 ✭✭✭


    << <i>

    << <i>Krause is useless when pricing Indian coins. >>

    image >>




    The time has arrived for me to slab those bags of 2 annas, and 1/4 annas, eh?
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    GreigGreig Posts: 89 ✭✭
    Heritage had a number of Indian coins in the CICF auctions. The last auction - yesterday - had an NGC 63 1880(c) 1/4 rupee, which went for a whopping $21,150 (with buyer's premium). My Krause lists this coin in UNC at $25. Anybody got an idea why this coin went for some much money?
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    BjornBjorn Posts: 529 ✭✭✭
    I suspected it was a rare variety that isn't listed in Krause - there are a number of these, but upon looking at the NGC price guide I only see one 1880(c) coin listed, and that is the 1880C Incuse Type C Bust, Type II Reverse. This coins lists for $2500 in VF, $6000 in EF and $10000 in Unc. So I guess Krause is very wrong and out of date.
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    BjornBjorn Posts: 529 ✭✭✭


    << <i>

    << <i>

    << <i>Krause is useless when pricing Indian coins. >>

    image >>




    The time has arrived for me to slab those bags of 2 annas, and 1/4 annas, eh? >>



    If they are better dates and/or really high grade - yes!
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