British india one ruppee, need to get value.

N#4851

You can check the NGC site for “book” values, which are normally substantially higher than actual selling prices. 

https://www.ngccoin.com/price-guide/world/

Best would be to find examples on EBay of your coin, in your grade, that sold. 

Seeker55

You can check the NGC site for “book” values, which are normally substantially higher than actual selling prices. 

 

https://www.ngccoin.com/price-guide/world/

 

Best would be to find examples on EBay of your coin, in your grade, that sold. 

NGC is for slabbed and graded coins only. His is not.

In this condition, the coin is worth about melt, or a little less. At today's spot price I would pay US$8.00 for this coin.

I have several of these coins in similar condition and would expect about the same if I offered the coins for sale.

harryg and TCon are correct - I didn't know that NGC prices are for slabbed coins, but reading further on the website see that they are. In this condition, I agree the coin is worth about melt value. 

Not to open up a can of worms but I believe NGC's price guide for US coins is based on only NGC-certified coins.  For non-US coins, they do not limit input to their prices to only NGC-certified coins but includes others.  At least that's how I read their disclaimers which are different for US and non-US coins.

US coins

The NGC US Coin Price Guide shows average dealer retail prices based on actual, documented transactions and other information reported by collectors, dealers and auction houses for NGC-certified coins. The price shown is the average dealer retail price, excluding any sales tax, for an NGC-certified coin in a standard holder with a standard label and does not reflect any premiums for special holders, labels or designations unless otherwise specified.

Non-US coins

The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable.

rsirian1

Not to open up a can of worms but I believe NGC's price guide for US coins is based on only NGC-certified coins.  For non-US coins, they do not limit input to their prices to only NGC-certified coins but includes others.  At least that's how I read their disclaimers which are different for US and non-US coins.

 

 

Yes, technically correct but I believe with caveats. Because there are so many grading standards around the world, NGC will estimate world coin values based on a general consensus from outside and 3rd party sources. But as the major grading companies such as NGC become more skilled and adept at grading and slabbing non U.S. coins, you better believe once they have done so, it has undue influence on the estimated value of that particular grade for that particular coin type. It is a guide only and perhaps I should have not made that blanket statement about slabbed and graded coins only regarding non U.S. coins. Who is the authority on grading British India coins and what grading system are they using anyway? Definitely no consensus there nor a consensus on what this coin grades at in the first place. 

 Have a look. See any trends here?

https://www.ebay.com/b/1918-India-Rupee/118379/bn_7023326696

harryg

rsirian1

Not to open up a can of worms but I believe NGC's price guide for US coins is based on only NGC-certified coins.  For non-US coins, they do not limit input to their prices to only NGC-certified coins but includes others.  At least that's how I read their disclaimers which are different for US and non-US coins.

 

 

Yes, technically correct but I believe with caveats. Because there are so many grading standards around the world, NGC will estimate world coin values based on a general consensus from outside and 3rd party sources. But as the major grading companies such as NGC become more skilled and adept at grading and slabbing non U.S. coins, you better believe once they have done so, it has undue influence on the estimated value of that particular grade for that particular coin type. It is a guide only and perhaps I should have not made that blanket statement about slabbed and graded coins only regarding non U.S. coins. Who is the authority on grading British India coins and what grading system are they using anyway? Definitely no consensus there nor a consensus on what this coin grades at in the first place. 

 Have a look. See any trends here?

https://www.ebay.com/b/1918-India-Rupee/118379/bn_7023326696

 

 

 

 

OK. That makes sense.  Thanks.