Question regarding Weimer and East German coins

Bjorn

Hello all!

I have some relatively high-grade (EF, AU) Weimer 5, 10 and 50 pfennigs and East German 10 pfennigs (early 1950s, E mintmarks). I notice Krause gives these a high value but they seem to go begging on Ebay... a case where Krause is completely off? Just curious, as I was going to auction these (hopefully to fund other purchases...)

Bjorn

SaorAlba

Krause catalogues, as well as the Paper money catalogues can completely miss the boat on prices, some are too high, some are a pittance compared to what they actually trade for. Basically they print the prices that were reported to them last, and sometimes those can be old prices, or the doubter in me wonders that the reporting individuals give erroneous information deliberately to skew prices up or down.

olmanjon

The 1950 g two pfenning in unc lists for $75, yet I find dozens of them in this grade in my dealers 25 cent box. Oviously these are skewed as far as price goes. Why? I don't know. But a lot of the German coins seem to have good prices on them and yet we can buy them realitively cheap. I collect them anyway.

Rickc300

I have noticed that the Weimar pieces trend pretty low in Krause for higher grade coins and about half for the more common mid grade coins all the while the lower mintage coins are under priced by a bunch in the upper grades and MS coins can fetch many, many times Krause. I recently paid $85 for a nice fully struck MS 1926-F 5 Reichspfennig (KM#39) and I feel I got a bargain and a half on it. I collect the Empire, Weimar and Third Reich by date and mint. I have now completed this particular series (KM#39) with some so-so coins I purchased along the way in order to buy a bigger quantity of coins for the funds available instead of fewer nicer coins. Those "nicer" coins have now quadrupled or more in price. I am upgrading this set while still adding pieces to my collection and the prices are going up faster than I am upgrading.

I have not seen Weimar coinage really go begging on eBay except on overgraded coins or auctions claiming high grades with lousy pics. Why take a chance on a fifty dollar coin with a lousy pic that may in fact be a ten dollar (or less) coin when you actually see it? Quality grades and or dates/mints bring quality bids everytime (At least if I have the funds available).

What coins/dates/mints do you have in the way of the Weimar?

Rick