What do you think? The NGC catalog is 1955(B) though, I don't know what the B is, but I searched for 2 Annas 1955, and the 1955(B) is the only one for that year.
We are fortunate to have a few very knowledgeable collectors of Indian coins. I usually refer any questions to one or the other of them simply because of the huge number of varieties which can often mean a large difference in value.
It's also one of the very rare examples where the Numista catalog is far ahead of K&M.
I've always taken the prices published with a grain or two of salt, they seem very unrealistic to me. There isn't that great a demand for Indian Republic coins unlike the earlier pre independence coinage. I don't know where some of the prices quoted come from but I've never seen them for sale at such values. I suspect it might be price manipulation by unscrupulous dealers. (remember those $10,000 beanie babies a few years ago?)
Employees of the Indian mint have been busted making "error coins" which can be sold to unwary collectors. It's like a minefield, rather like trying to collect Chinese coins, and one which I've always been reluctant to enter.
Still, it's a really good find even if it ends up at the lower end of the value scale. Well spotted and well done young Sir.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
nthn, in my opinion, the best way for an appraisal on this coin is to put it up for auction. The coin is rare ( for the 1955 date) and there is not much data on sales (KM values are probably outdated).
I have personally seen only 2 or 3 genuine coins for this date... there are a lot of fakes...
Here are a couple of auctions I found... (the bottom two are 1955) that are similar in condn to your coin
So if this is really worth a lot, should I submit to NGC for grading and certification? I looked up about how to do it, and found out I have to pay the $35 entry fee to join, AND the fee for submission, and the fee for grading. Maybe I could have someone who has an account already submit it and pay them a little extra so they wouldn't lose any money.
So here is the link to the auction. I am not really good at this kind of stuff, so any suggestions would be appreciated. http://www.ebay.com/itm/-/221822966076?
The only thing that would put me off that auction is your low feedback score, when it comes to buying a rare coin I would need more to feel more reassured the seller has a trusted background of at least 500+ seller feedback. But each to their own
Good luck with it, I hope it is a success, 5 people watching so there is interest.
Restoration addict : Verdigris Removal : Zinc White spot removal : Iron Rust Removal : Silver brooch/necklace mount Removal
Quote: FlukeThe only thing that would put me off that auction is your low feedback score, when it comes to buying a rare coin I would need more to feel more reassured the seller has a trusted background of at least 500+ seller feedback.
That's a bit of a catch 22. Can't sell stuff without a good rating, can't get a good rating without selling stuff.
Tracking is now free for domestic mail. I usually add a couple of polystyrene peanuts to make sure the package is too wide for 1st class. Padded mailers are about 20c each on eBay.
If I was buying a $450 coin I'd be wanting free, insured shipping. That might come close to $10, I just insured a $500 parcel and it cost me an extra $7.
What will you do if someone asks you the mintage figures? They are not published but I'm pretty sure that anyone buying that coin is going to be a very experienced collector who won't be impressed by your claim that it's ULTRA rare. It's also not valued at $450 in that condition.
Let the coin speak for itself, you are in the big league with such a great coin, these buyers know exactly what it's worth, they know how to grade coins and they won't be fooled by a Shamwow type listing.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
I just noticed you are not shipping to India. Can't say that I blame you but it does cut out a lot of potential buyers.
I hope you find a buyer, it would be a great kickstart to a young numismatist's collection to have a healthy injection of cash. If it doesn't sell drop the price a little and relist it. Anyone who was already watching the auction will get a notification that it's been relisted. Eventually someone will bite.
If everything else fails it's borderline worthwhile having it certified. Get a reputable local coin dealer to submit it for you and it won't cost much plus you won't have to pay for expensive two way shipping.
Good luck.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Lower starting price will get people to bite, I watched a 1893 straits 50 cents go from £39 to £240 in the last 5 seconds yesterday, the coin on NCG is valued at $2200 in VF20, so its quite a drop from the actual NGC valuation.
its all about if you attract buyers who are willing to battle each other, hit and miss with auctions.
Restoration addict : Verdigris Removal : Zinc White spot removal : Iron Rust Removal : Silver brooch/necklace mount Removal
OK, just wanted to tell you guys, I had a guy in India buy it for $200!! Not bad for 19900% ROI huh? Just wanted to tell you. Thanks for everyone's help.
