Have been picking these up in standard trades and now have over 190 different kms--However it becomes a pain when traders ask sometimes 4 x face value
I understand the new issues can be purchased at face value in the European banking system so find it hard to understand how traders can justify putting high markups on them---fair enough on Ebay but surely not on Numista where we are helping out fellow traders in a friendly enviroment
Living on the opposite side of the world it is difficult to understand--Surely a 2 euro coin is worth 2 euro worth of coins in exchange and that is all
Administrateur du catalogue, référent de nombreuses nations antiques et de la Lorraine.
Catalogue administrator, numerous Antique nations and Lorraine referee.
I should be happy if I could complete my 2€ collection by paying two euros per additional coin
Besides coins reserved for collectors (Vatican, San Marino, Andorra, Monaco), 2€ commemorative circulating coins have a decreasing mintage and an increasing cost in Europe.
In addition we hardly find new foreign 2€ coins in circulation. This is why we often exchange the 2€ coins by other 2€ coins.
There are specialty sites like "eurohobby.eu" where collectors sell cheap circulated 2€ coins since they are often interested only by Unc. coins.
Quote: "Frenchlover"I should be happy if I could complete my 2€ collection by paying two euros per additional coin
Besides coins reserved for collectors (Vatican, San Marino, Andorra, Monaco), 2€ commemorative circulating coins have a decreasing mintage and an increasing cost in Europe.
In addition we hardly find new foreign 2€ coins in circulation. This is why we often exchange the 2€ coins by other 2€ coins.
There are specialty sites like "eurohobby.eu" where collectors sell cheap circulated 2€ coins since they are often interested only by Unc. coins.
I understand that if I paid 5 Euro for a coin than the swap value is 5 Euros, but if I got a 2 Euro coin from a bank, than it s not fair to ask for 5 Euros for it here on Numista. I buy my 2 Euro coins on eBay because of people like that.
Exceptions are Vatican, San Marino, Andorra and Monaco Those are much more expensive.
Taking a slightly different approach to this, I recall that the Kew Gardens 50 pence coin, was once selling at over £100.00. When a coin is wanted by collectors, it becomes a sellers market, but when no one want the coin anymore, it is the buyers market.
If collectors are prepared to pay over face value, then that means they really want the coin. Some coins, especially the 2 Euro coins, are generally highly sought after as they are the cheapest commemoratives around.
Traders have to make a living, so the prices are higher than normal, but you are not obliged to buy. It is generally down to the collectors own choice. Buy it, slightly over priced or never get it.
Thats always the dilemma with collecting anything.
Quote: "COINMAN1"Taking a slightly different approach to this, I recall that the Kew Gardens 50 pence coin, was once selling at over £100.00. When a coin is wanted by collectors, it becomes a sellers market, but when no one want the coin anymore, it is the buyers market.
If collectors are prepared to pay over face value, then that means they really want the coin. Some coins, especially the 2 Euro coins, are generally highly sought after as they are the cheapest commemoratives around.
Traders have to make a living, so the prices are higher than normal, but you are not obliged to buy. It is generally down to the collectors own choice. Buy it, slightly over priced or never get it.
Thats always the dilemma with collecting anything.
Yes - I understand that, but surely trading between FRIENDS on numista is hopefully a low/no profit proceedure and heavy markups are not appropiate
Yes, I agree, but not everyone see it that way, which amongst Numista members is very sad.
But, on the other hand, if you had a coin that was worth 5 times its face value, would you not want to exchange it unless you felt a good deal was done on another coin, even if this other coin was not 5 times its face value but you felt you had a good deal.
We are in a strange situation as I have recently been trying to do a few exchange, but this has not happened due to disagreement over swap values. I think the coin/coins are worth X, whereas the other person thinks Y.
And so it goes on.
Negotiations take place between collectors, but sometimes it just does not work out.
Ido not think there is a solution as all members of Numista would have to agree, and that is never going to happen.
€58 for any €2 roll of 25, and I don't count lower rolls. Even the Central Bank is exploiting this.
Administrateur du catalogue, référent de nombreuses nations antiques et de la Lorraine.
Catalogue administrator, numerous Antique nations and Lorraine referee.
Administrateur du catalogue, référent de nombreuses nations antiques et de la Lorraine.
Catalogue administrator, numerous Antique nations and Lorraine referee.
I understand your pain, folks. I collect San Marino coins... 2 Euro commemorative coins from San Marino cost a lot of money, especially Borghesi. I do have it, but still don't understand why it must be so expensive... Oh, I'm not evening talking about Monaco's Grace Kelly. That one costs a fortune!
Quote: "COINMAN1"Yes, I agree, but not everyone see it that way, which amongst Numista members is very sad.
But, on the other hand, if you had a coin that was worth 5 times its face value, would you not want to exchange it unless you felt a good deal was done on another coin, even if this other coin was not 5 times its face value but you felt you had a good deal.
We are in a strange situation as I have recently been trying to do a few exchange, but this has not happened due to disagreement over swap values. I think the coin/coins are worth X, whereas the other person thinks Y.
And so it goes on.
Negotiations take place between collectors, but sometimes it just does not work out.
Ido not think there is a solution as all members of Numista would have to agree, and that is never going to happen.
I have just completed a trade with ratio 1 to 10 - 2 euro commeratives against french pacific coins----6 x 2 euro against 60 x lower face value coins from the South Pacific-- and I was very happy with this ratio and felt this was a fair trade
Quote: "druzhynets"I understand your pain, folks. I collect San Marino coins... 2 Euro commemorative coins from San Marino cost a lot of money, especially Borghesi. I do have it, but still don't understand why it must be so expensive... Oh, I'm not evening talking about Monaco's Grace Kelly. That one costs a fortune!
Do the 2 euro coins of Malta , Andorra etc end up in circulation thru out europe-- What would you get if you bought a roll of 2 euro coins in Andorra and at what price at a bank ---0---I find it hard to understand
We buy (new Zealand) rolls of circulating coins at face value only from the banks-although you cannot always be guaranteed getting UNC or specific year coins
Quote: "druzhynets"I understand your pain, folks. I collect San Marino coins... 2 Euro commemorative coins from San Marino cost a lot of money, especially Borghesi. I do have it, but still don't understand why it must be so expensive... Oh, I'm not evening talking about Monaco's Grace Kelly. That one costs a fortune!
Do the 2 euro coins of Malta , Andorra etc end up in circulation thru out europe-- What would you get if you bought a roll of 2 euro coins in Andorra and at what price at a bank ---0---I find it hard to understand
We buy (new Zealand) rolls of circulating coins at face value only from the banks-although you cannot always be guaranteed getting UNC or specific year coins
We already added the example of Malta. Andorra has no own roll as their coins always mixed in Spanish rolls at a random rate.
Administrateur du catalogue, référent de nombreuses nations antiques et de la Lorraine.
Catalogue administrator, numerous Antique nations and Lorraine referee.
Whenever there is a swap between demonetised coins an circulating currency there is a room for taking advantage. I can pick coins for 10-20 cents and can trade them for 1 Euro coins... or, I can get 2 Euro coins in a bank and act like the value of it is 5 Euros???
I believe that the only fair exchange would be to take in consideration how much you actually paid to get the coin. That rule is fair as long we are talking about very common coins.
I would not expect to get Vatican 2 Euro coin for 2 Euros, Also, if you find something really special while picking coins from a bin, than again the value is not 10 cents
Never saw a San Marino commemorative coin circulating, only normal coins.
Administrateur du catalogue, référent de nombreuses nations antiques et de la Lorraine.
Catalogue administrator, numerous Antique nations and Lorraine referee.
Quote: "chomp-master"Never saw a San Marino commemorative coin circulating, only normal coins.
San Marino commemorative coins are carefully packed in the coincard. In order for it to circulate, you need to take it out and put it to circulation. As far as I understand, there are no volunteers to pay 100 EUR for a coin and then put it to circulation.
Quote: "chomp-master"Never saw a San Marino commemorative coin circulating, only normal coins.
San Marino commemorative coins are carefully packed in the coincard. In order for it to circulate, you need to take it out and put it to circulation. As far as I understand, there are no volunteers to pay 100 EUR for a coin and then put it to circulation.
Don't compare with post-release costs but with Sanmarinese official prices. Anyway I won't pay approx. €20 to release it to common circulation.
Administrateur du catalogue, référent de nombreuses nations antiques et de la Lorraine.
Catalogue administrator, numerous Antique nations and Lorraine referee.
Quote: "chomp-master"Never saw a San Marino commemorative coin circulating, only normal coins.
San Marino commemorative coins are carefully packed in the coincard. In order for it to circulate, you need to take it out and put it to circulation. As far as I understand, there are no volunteers to pay 100 EUR for a coin and then put it to circulation.
Don't compare with post-release costs but with Sanmarinese official prices. Anyway I won't pay approx. €20 to release it to common circulation.
Quote: "muzz0000"--fair enough on Ebay but surely not on Numista where we are helping out fellow traders in a friendly enviroment
I like the way you think my dear Murray. It's a similar situation with currently circulating US coins.
Apart from the State / ATB quarters I've stopped adding the lower denominations to my swap list as there's something crazy about asking even 25c for a 2018 Lincoln. If anyone needs one I'll be happy to include them as a gift in a swap or just send them. In general I try to keep my swap list restricted to coins with a value in excess of $1, anything less goes into several buckets which I sell off at outrageously knock down prices roughly once a year.
I reckon it's a bit different for the higher denominations. Although it's not 100% guaranteed, any American collector can walk into a US bank and pick up a roll of JFKs or Presidential Dollars at face value. That's where I get most of mine. After taking out any dates I need, I send the rest back to the bank but if there's something which might appeal to friends overseas then I sometimes add them to my swap list , at a modest price. Without looking it up, that's roughly $1.50 per $1.00. That's not to make a profit, it would cost me around $14 to mail a half dozen IKE dollars overseas. Sometimes I buy cheap mint sets whenever I find them and cut them up for the dates needed. Those coins, in their original mint wrapper, have to be sold for a bigger premium as they cost considerably more than FV.
But five or even ten times face value for commonly circulating coins? Come on guys.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Quote: "pnightingale"I try to keep my swap list restricted to coins with a value in excess of $1, anything less goes into several buckets which I sell off at outrageously knock down prices roughly once a year.
Too bad you're in the USA, I would have loved to buy you a bucket of coins, as I'm new I think it would have been a great way to start ! ^^
But I can relate on my 2€ CC experience, people get crazy, my mother knows a guy wanted to sell common 2€ CC at disgusting prices like 5€ because he "has looked on the internet and saw that it's the price" and they were circulated ! At this price you can have UNC on professional websites ! X)
Some idiots see a price on eBay, and magically it becomes the official value of the coin...
I don't want to live on this planet anymore !
