Hello, I'm thinking to get a few kg of coins. How much does 1kg of coins usually cost you and will there be anything interesting (like silver/uncommon issuers) inside?
Yes and no, it's all depending on where you buy and the price you pay. Anyway you'll have the fun to go through the bulk and get more doubles and sometimes you'll find some interesting coins, most of the time not.
No bulks are ever made specially for YOU, but for any customer. That's the facts of life.
The vast majority of my collection has been built with bulk lots. Generally you have to expect that you're not the first (or even the tenth) person to go through the coins in the lot. Even if the seller is honest in selling from an "unsearched" horde, that just means that they didn't search it. The person before them probably did, as did the person before them and so on. It's pretty uncommon to find precious metals in lots that don't specifically state that they contain precious metals and you pay a bit of premium for them. You're more likely to find unusual varieties of common circulation coins, but it's still the luck of the draw.
This is not meant to put you off of lots. I've found some really spectacular circulation coins as well as filling out my "official" collection. Like Sjoelund mentioned, the fun of going through the heap is really what I'm paying for. Any exceptional finds are a nice bonus. You just want to be clear about what it is you're buying and who you're buying it from. Make sure to read descriptions and look at pictures. If you're after older East Asian coinage, for example, you probably don't want to buy a lot made up entirely of pre-Euro modern stuff. I've also had somewhat better experiences buying lots from sellers who are not specifically coin vendors. Estate liquidators will sometimes be selling old hoards that will often be a more exciting mix of garbage/tokens and exciting finds.
As for price, I try to stick to $15-20 a pound but I'll look at worse looking blends for less and better blends for more.
Yeah, prices I forgot to mention. In France around 10 euro a kilo. I've nearly emptied my stock of 70 kilos, which I had taking up room in my cellar. Of course I have been through them all, but that doesn't mean, that a young guy with less coins than me cannot find a lot he would miss if collecting by year and mint....
Απόσπασμα: "seltsamesammler"The vast majority of my collection has been built with bulk lots. Generally you have to expect that you're not the first (or even the tenth) person to go through the coins in the lot. Even if the seller is honest in selling from an "unsearched" horde, that just means that they didn't search it. The person before them probably did, as did the person before them and so on. It's pretty uncommon to find precious metals in lots that don't specifically state that they contain precious metals and you pay a bit of premium for them. You're more likely to find unusual varieties of common circulation coins, but it's still the luck of the draw.
This is not meant to put you off of lots. I've found some really spectacular circulation coins as well as filling out my "official" collection. Like Sjoelund mentioned, the fun of going through the heap is really what I'm paying for. Any exceptional finds are a nice bonus. You just want to be clear about what it is you're buying and who you're buying it from. Make sure to read descriptions and look at pictures. If you're after older East Asian coinage, for example, you probably don't want to buy a lot made up entirely of pre-Euro modern stuff. I've also had somewhat better experiences buying lots from sellers who are not specifically coin vendors. Estate liquidators will sometimes be selling old hoards that will often be a more exciting mix of garbage/tokens and exciting finds.
As for price, I try to stick to $15-20 a pound but I'll look at worse looking blends for less and better blends for more.
I have been lucky in the past (I paid £6.99 for two silver coins on eBay inside a small lot and they’ve passed all the tests) but generally you shouldn’t expect anything valuable in a bulk lot. A standard kilo usually costs between £20-50 on eBay from my experience.
I have a local coin dealer who mostly deals in bullion and US coinage. He buys world coins from people by weight and sells them to me at between $6 and $7 (US), depending on how much he has on hand.
I routinely "find" interesting coins in the these lots. Some relatively valuable coins and low mintage coins have been in my lots. There have also occasionally been sets (1953 Britain / 1973 Singapore) and even some silver coins. Mostly it is normal high mintage duplicates, but it is fun. My kids have fun with the leftovers after I find the things I pull out the good stuff.
My local dealer has been great. I have found that having a relationship with the shop and being a regular customer pays great dividends.
Thank you all for your replies. Where do you all usually get your bulk lots? I've checked out the lots the coin shops sell here. It's awfully expensive, amounting to over 20 dollars for a lot of common coins (half of which is from Malaysia and Singapore). I even saw a dealer selling a lot of 100 common coins for 100 dollars! I'm thinking to purchase them from collectors since flea markets are practically non-existent here.
I have had mixed luck with Bulk Lots and 99.9% of the time it’s all junk but i feel there is definitely a chance in finding key dates and other uncommon circulating coins.
I have found 1 of these in AU (https://en.numista.com/catalogue/pieces19625.html), and a few other very decent coins which if I sold would put me in profit from the price which I paid - usually £5-£10 a KG. I buy most my coins from a dealer online and he sells me a lot of his ‘junk’ every 3-4 months when he has accrued a decent amount.
My personal favourite has to be this though ... it’s HUGE! Complete tourist junk but it did make me laugh when I pulled it out a lot.
Bulk lots of former national currencies of EURO area countries nearly always sell for much less than what used to be their face value. Expect all common circulation coins with possibly a few circulating commemorative coins. Quite often the buyer ends up paying more postal expenses than what he pays for the lot.
From my experience the only time I’ve found silver is from the a auction lot that sold for around £30 I can’t remember the weight but it was around 1000 coins and I got these.
(Btw that stack to the right is 13 Swedish 1 krona coins from the mid 50s to the late 60s).
And I think from looking at the coins the person stop getting coins after 1988 because the ones from that date are in XF-AU condition.
So if there is any local auction houses near you maybe you can score some gems.
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