Found a Spain 25 Pesetas in a junk lot (update: sold!)

OzzyAndy

Was quite surprised to find a Spanish 25 Peseta in a junk lot, but not just any date, a 1957(61) which appears to be a fairly key date in the series. Looked it up and Krause values are:
VF $2
XF $20
UNC $160

Just wondering what the demand is like on this series and whether my coin (pictured below) is worth much, or if it should go back into the junk lot when I resell it.

Thanks,
Andrew

JamesMurray

Metal Nickel
Mint Mark Year Stars
1957 / 61 (*61)
Mintage Circulation 36.000.000

Im thinking kinda one way trip back where it came from.

lordmarcovan

I have gotten TONS of them in bulk lots. Yes, including some better dates like that, but not the rarest dates. I've gotten more than plenty of the other Franco denominations, too.

That being said, your piece there looks a bit nicer than the ones I've usually encountered, judging from its luster.

I'd call that a good cherrypick. Put it on eBay and expect it to go back to its homeland, though I can't warrant any guesses as to whether or not you'll get catalog price for it. Just start it out rock-bottom low and let it find its own value- after all, you don't have much in it, right? Sounds like a no-lose proposition, and the upside could be pretty good.

cladking

A lot of the modern Spain is tough in unc but it's mostly not as tough in AU. It depends
though and this particular coin isn't common above AU. Indeed, the new catalog price
lists it at $150 in unc and $200 in BU. Xf is $35.

I doubt this coin will sell as an unc since European collectors are picky about wear. It
just might sell for a pretty decent fraction of the XF price though. I'd guess about $20.

You'd get a lot more interest in a nice Unc.

cladking

The irony here is that this coin probably got all its wear in a junk box.

Dealers just tend to toss moderns in these boxes without even looking them up in Krause
which tends to value them far too low. I've got hundreds of nice Unc modern scarcities that
came out of junk boxes for mere pennies. Dealers cut mint sets and toss them in. This coin
never appeared in an official mint set but it might have been in a bank set or numismatic hob-
by assembled set. Companies like Paramount made innumerable unofficial sets of this nature.
Mintages could be only in the hundreds and attrition is extemely high.

Hobbyists never paid attention to coins such as this but there are millions of new collectors
in the world and a few are seeking such coins. Many of them are really tough just as I've been
saying for many years.

CLC2010

See lots of these in junk boxes but not this nice. A VF sold on ebay recently for 2.25 and a unc for 8 so I'm sure you got a great deal!

cladking

I didn't look long but here's a average VF that sold for $70.

link

JamesMurray

The auction shows an EF with mint luster coin ? UK grading is super tough and i think an EF is pretty high.

OzzyAndy

Well, due to popular opinion, it has ended up on the bay, I'll let you know how it goes.
Thanks for the feedback.

OzzyAndy

Well, it made $61 on ebay, and back to Spain it goes. I was quite surprised, and delighted of course.

sumnom

Well done!

cladking

<< <i>Well, due to popular opinion, it has ended up on the bay, I'll let you know how it goes.
Thanks for the feedback. >>




Cool.

I'm very pleased there's such strenght in moderns.

It's always been hard to get a good handle on just how tough many of these coins really are. Very
very few of them are common and those that are common tend to be distressingly common but those
which aren't just aren't seen often so relative scarcity is difficult to judge.

It isn't the least surprising that it's headed home.

lordmarcovan

Maybe I'd better start paying more attention to the better ones like this that I find in bulk lots! Truth be told, I've never given them much respect because I see so many, but as previously mentioned, yours was definitely better than the norm. I've found a few almost as nice in the past and mostly ignored them.

Muygrandeoso

I love a good cherrypick!! Congrats.