Pyongyang North Korea Metro Token
Dibs
Posts: 2 ✭
Hello All. I'm able to identify it but I can't seem to find a value. Anyone know? Thanks in advance!
1
Dibs
Posts: 2 ✭
Comments
WOW not one response, I guess it's that rare that no ones knows which makes me believe it 's valuable.
Unfortunately, I think ebay doesn't allow NK coinage to be listed on their site. So you can't look at their sold auction history to get an approximate market value.
Yeah ebay doesn't allow north Korean coins and PCGS doesn't accept them for grading sadly. I have a really cool 2001 1 oz silver coin from North Korea.
Maybe, but probably not. There’s not really a market for it currently, unless you’re in North Korea, which is probably illegal, so there’s no market for it. If it’s cool to you, collect them, one day they may be worth a lot in a more accepting market, but not really at the moment.
Most people here have no idea. @Sapyx knows more about coins than anyone I’ve ever conversed with. Maybe see what he has to say.
I'm BACK!!! Used to be Billet7 on the old forum.
WOW! Nobody knows, just like you!
Latin American Collection
I'm down with a flu right now so perhaps not quite thinking straight. But here's my take.
Is it rare? Almost certainly. The tokens would probably have only been in use for a relatively brief period - a decade or two at the most - and would no longer be in use. I doubt many foreign tourists would have used this railway system, meaning very few would have been souvenired. I doubt the DPRK government would have conceived of the idea of flogging off the token supply to foreigners to raise cash, so the DPRK government would have withdrawn and melted the supply of tokens on hand. So the only other survivors would have come from asylum-seekers who had one with them on their person at the time they left North Korea. And carrying a subway token with you when you flee the country is probably quite low down your priority list.
Is it valuable? Here it's tricky. Normally, one could look on eBay past sale listings for similar items, but many of your main potential sources of value (such as eBay) block the sale of items from North Korea. So, let's look at the fundamentals.
Is there supply? As noted above, supply is low.
Is there demand? Most "coin collectors" don't really want tokens, but there are specialist token collectors and more specifically, specialist transport token collectors, known as vecturists. Those who collect "world transportation tokens" - a small subset of vecturists - would certainly want an example of this hard-to-get token. But overall, I would say "demand is low".
So with low supply and low demand, that cancels out to an "average" price. I really can't see such a token selling for over $100.
Roman emperor Marcus Aurelius, "Meditations"
Apparently I have been awarded one DPOTD.
@Sapyx to the rescue! Sorry you’re under the weather
I'm BACK!!! Used to be Billet7 on the old forum.