1958 India 10 Paise

coinsarefun

Never bought one before, but couldn't pass this one up

I just had to buy it very cool clash on the obverse




Comments are welcome






Stefanie

Blackhawk

Neat die clash! The color is nice too.

zeebob

Nice looking coin. Find it at a show?

coinsarefun

<< <i>Nice looking coin. Find it at a show? >>












Ebay, go figure $25 can't beat the price!





Stefanie

cladking

<< <i>

Ebay, go figure $25 can't beat the price!

>>



I assume you mean $.25

All of these are cheap (except varieties and errors) but several are
probably quite scarce.

tbirde56

Catalog value in Unc is $1 but the Indian home market is developing and book values are low ball.

ColinCMR

real nice one!
I'm sure this one will appreciate over time

cladking

<< <i>Catalog value in Unc is $1 but the Indian home market is developing and book values are low ball. >>




I know it's hard to find a lot of these and the cu/ ni tend to never be common
in Indian coinage. The aluminum is very hit and miss and I've got lots of a few
dates and none of some others. Quality tends quite poor as well with most of
these.

It sure would be nice if Krause started to some work on this country,or any coun-
try as far as the new edition is concerned. Other than Malta and a few Panama
it's the same as last year.

coinsarefun

<< <i>

<< <i>

Ebay, go figure $25 can't beat the price!

>>



I assume you mean $.25

All of these are cheap (except varieties and errors) but several are
probably quite scarce. >>













In your opinion I over paid?





Stefanie

farthing

Overpay is a relative term. While you should be able to find 10 Paise coins quite cheap the ones you find cheap will not be in this condition nor with the eye appeal of this example.

Just another problem with trying to value coins using only Krause.

The die clash is just an added bonus.

cladking

<< <i>
In your opinion I over paid?
>>




It's a nice coin and if you wanted it and that's what it took then it was cheap.

But with world moderns there are many that are distressinly common. Krause
lists these at 20c to a couple dollars each. They also list many very scarce and
rare coins for 20c to a couple dollars each so it can be difficult to guage real val-
ues. In their defense it can be very difficult to tell scarce coins from common when
people aren't collecting them, but then when these are finally identified as scarce
it can be years until Krause changes the prices.

I've been working on these for decades and have found it very difficult to tell the
common from the rare. The distressingly common is easy enough but there are
confounding factors everywhere.

Indian coins, especially, have proven an enigma to me. I've never been able to
trade for them with Indians because they say old coins aren't available in India.
Or at least they aren't available in unc. In this country there are some that are
very readily availabe. These tend to be aluminum and they tend to be exceeding-
ly poor quality. I'd guess that many of the post 1949 coins are quite scarce in Unc
and some are pretty tough in any condition. Attrition of coinage is very high in In-
dia because of inflation, historically low incomes, and wide spread need for metal.
Rather than being saved, they are melted. What few survive are withdrawn by the
issuer and melted.

So many moderns are so common and so poor quality that for $25 you could find
a large bag of them and pull out nice clashes and even overdates and the like.

This specific coin I don't know that much about. They are not seen often. Quality
tends much higher on these than other modern Indian but full strikes are very el-
usive. This is better than typical.

...And it is a neat clash.

I wouldn't be so quick to say you overpaid as that you paid a surprising price. If
you did this because you know a lot about these then more power to you and it's
made my day. Otherwise I'd suggest that you avoid high premiums for anything
in moderns without knowing the availability. It's not that $24 is so much but the
price is 2500% of catalog.

If the Indians ever decide to start collecting their moderns (only national coins),
then $25 may prove to be a real bargain since this coin is not a common one. I'd
be surprised if more than 10,000 exist and it could be far fewer.

farthing

I can echo cladkings statement on trying to acquire these coins from Indians. I work with a number of Indian nationals on a daily basis and many know I collect foreign coins. Yet when I ask they say that they just do not have any "old" coins.

When I've been there it was not easy to acquire any coins in change, I keep all I come acrose and I usually return with just a few.

And you don't want to know about the condition of the paper currency!