Saint Alphonsa Birth Centenary Unc Set
The above shown UNC set is for sale. Price is Rs 2400. If you are interested, please mail me to soselva@gmail.com. Coins will be sent through speed post.
Wednesday, October 20, 2010
Monday, October 18, 2010
Basic Rules of Rare Coin Investment
A rare coin investment can be a satisfying and profitable enterprise. However, it is easy to get taken advantage or to buy unwisely. To sensibly pursue a rare coin investment, make sure your interest is real; rare coins seldom provide quick return. Deepen your knowledge of this investing opportunity; find and deal with reputable professionals; plan to buy quality coins and hold them; and, finally, get the coins in your possession, store them securely and insure them.
1 - Have Interest, Develop Knowledge
Investing in rare coins is best pursued by those with passion for that product. Quick returns seldom happen, so other pleasures should be considered. There is enjoyment in learning which coins have value and may appreciate; in searching for the coins once you have learned about them; and, of course, in finding a coin and paying the right price for it.
Before investing, there is a great deal of pleasure to be gained by reading about coin collecting, what makes a coin valuable and how to care for coins. Consider joining a local coin club and parlay relationships there into deeper knowledge.
2 - Deal with Reputable Professionals
Particularly if you are making a high-end rare coin investment, take the time to know professionals in the industry. Collectors almost always form an informal community, and they welcome new, interested parties. The Internet has opened many opportunities to communicate with dealers and collectors as well.
Always check the references and track record of anyone from whom you are considering buying. Never make impulse buys in a rare coin investment. It is possible to make a profit on your passion, but the opportunity should be approached with care and with the proper investment of time before any money changes hands.
3 - Buy the Best and Hold it
Experts estimate it takes about five years after purchase of a good, rare coin to achieve an acceptable rate of return on it. There are seldom shortcuts, but a good start is to buy the rarest coin you can afford, buy the highest quality coin you can find and buy coins that give you diversity in your portfolio.
This not only improves your chance of a good return in time, but the high-quality, rare coin is easily marketable should you need to sell. A word of caution when buying rare coins, or any coins for that matter, use your knowledge and relationships to avoid overpaying. Coins are attractive, and impulse buys are always a temptation. Remember that a rare coin investment is still a business decision despite the beauty of the product.
4 - Secure and Insure Your Coins
It’s wise to get your coins in your hands. Once you have taken possession of a coin, be certain that it is stored securely. There are many stories of coin owners misplacing valuable coins. Be sure to insure your collection as well. In addition to being easily misplaced, rare coins are a target for thieves.
Source: http://www.finweb.com/
1 - Have Interest, Develop Knowledge
Investing in rare coins is best pursued by those with passion for that product. Quick returns seldom happen, so other pleasures should be considered. There is enjoyment in learning which coins have value and may appreciate; in searching for the coins once you have learned about them; and, of course, in finding a coin and paying the right price for it.
Before investing, there is a great deal of pleasure to be gained by reading about coin collecting, what makes a coin valuable and how to care for coins. Consider joining a local coin club and parlay relationships there into deeper knowledge.
2 - Deal with Reputable Professionals
Particularly if you are making a high-end rare coin investment, take the time to know professionals in the industry. Collectors almost always form an informal community, and they welcome new, interested parties. The Internet has opened many opportunities to communicate with dealers and collectors as well.
Always check the references and track record of anyone from whom you are considering buying. Never make impulse buys in a rare coin investment. It is possible to make a profit on your passion, but the opportunity should be approached with care and with the proper investment of time before any money changes hands.
3 - Buy the Best and Hold it
Experts estimate it takes about five years after purchase of a good, rare coin to achieve an acceptable rate of return on it. There are seldom shortcuts, but a good start is to buy the rarest coin you can afford, buy the highest quality coin you can find and buy coins that give you diversity in your portfolio.
This not only improves your chance of a good return in time, but the high-quality, rare coin is easily marketable should you need to sell. A word of caution when buying rare coins, or any coins for that matter, use your knowledge and relationships to avoid overpaying. Coins are attractive, and impulse buys are always a temptation. Remember that a rare coin investment is still a business decision despite the beauty of the product.
4 - Secure and Insure Your Coins
It’s wise to get your coins in your hands. Once you have taken possession of a coin, be certain that it is stored securely. There are many stories of coin owners misplacing valuable coins. Be sure to insure your collection as well. In addition to being easily misplaced, rare coins are a target for thieves.
Source: http://www.finweb.com/
Realm of the Coin - Ken Smaltz is a master collector--of customers
(FORTUNE Small Business) – In his quest to find well-heeled clients for his rare-coin business, Ken Smaltz Jr., 42, shows up in the most unlikely places, from baseball's spring training camps to New York City's Friar's Club, the legendary haunt of has-been entertainers. Last year the Zelig-like owner of K. Smaltz, his one-person firm in Garden City, N.Y., spent $15,000 traveling, including trips to trade shows, to buy and sell coins. He spent $10,000 to entertain clients and prospective customers.
Smaltz sees rare coins as more than just a schoolboy's fleeting obsession. With gold rising to a 16-year high, rare coins have appreciated 20% over the past two years. He claims that one of his clients bought an 1871 $20 Carson City gold piece in 1998 for $4,750; it is now worth $12,000, according to Coin Values magazine. "I'm trying to change the perception of coin collecting from just a hobby," says Smaltz.
Opening his business in 1997, Smaltz built sales to $1.5 million in 2004, up about 5% from the year before, and he says his firm is profitable. He gets a big chunk of business by going to trade shows, with the rest coming from client referrals, advertising, and networking. In 20 years, he says, he has never met another African-American coin dealer, which helps people remember him. "My uniqueness in this industry has been quite positive," he says.
Smaltz discovered his knack for selling rare coins through happenstance. At 21, having dropped out of New York University, he took a job in the shipping department of MTB Banking, a company that sells rare coins. Within two years he had worked his way up to a sales position. That led to more senior sales positions at other rare-coin companies around the country.
As his client list grew, Smaltz saw an opportunity to go out on his own. He got his big break when a former boss put him in touch with New World Rarities, a Long Island rare-coin and precious-metals company, where he worked as a salesperson and began to set himself up as a sole proprietor. He now operates his own business out of the headquarters of Eastern Numismatics, a rare-coin company that covers his rent, telephone, and shipping expenses in exchange for a percentage of each sale he makes. He pays for his own travel, entertainment, and supplies, such as the computer he bought last year. Smaltz tries to keep his fixed costs down. Last year he spent two months calling dealers around the country and combing the web to find a prized 1895 Morgan silver dollar in excellent condition. A client had gathered an almost complete set of the coins, which were minted from 1878 through 1921, and needed only that one to round out his collection. Because it was made differently from the others in the series, it was in hot demand. "They call it the king of the Morgans," says Smaltz. After weeks, he found the coin at a dealer's shop in Dana Point, Calif. He ordered it and sold it to his client for $139,750. His markup varies according to the time he spends looking for a coin, he says, noting that the industry average is between 10% and 25%.
To create buzz for his business, Smaltz has donated valuable coins to charity auctions and has designed his own commemorative coins. But what really makes his business tick is a reputation for delivering the exclusive goods in a timely manner, something Smaltz believes leads to repeat business and consistent profits. Gene Fox, a retired engineer from Joshua, Texas, started doing business with Smaltz around eight years ago when he ordered some historic silver dollars for his grandchildren. Since then he has purchased about 25 coins. "He's very reliable," says Fox, 73.
Smaltz hopes that recent world events will help him attract customers. "People are worried about the war in Iraq," he says. "Gold has always been considered a safe haven. And rare coins happen to be made out of gold." He repeats that line everywhere he goes, offering to let his prospects in on what he considers a secret: the investment potential of coins. "Nobody," Smaltz says, "really knows about this."
Source: http://money.cnn.com/
Smaltz sees rare coins as more than just a schoolboy's fleeting obsession. With gold rising to a 16-year high, rare coins have appreciated 20% over the past two years. He claims that one of his clients bought an 1871 $20 Carson City gold piece in 1998 for $4,750; it is now worth $12,000, according to Coin Values magazine. "I'm trying to change the perception of coin collecting from just a hobby," says Smaltz.
Opening his business in 1997, Smaltz built sales to $1.5 million in 2004, up about 5% from the year before, and he says his firm is profitable. He gets a big chunk of business by going to trade shows, with the rest coming from client referrals, advertising, and networking. In 20 years, he says, he has never met another African-American coin dealer, which helps people remember him. "My uniqueness in this industry has been quite positive," he says.
Smaltz discovered his knack for selling rare coins through happenstance. At 21, having dropped out of New York University, he took a job in the shipping department of MTB Banking, a company that sells rare coins. Within two years he had worked his way up to a sales position. That led to more senior sales positions at other rare-coin companies around the country.
As his client list grew, Smaltz saw an opportunity to go out on his own. He got his big break when a former boss put him in touch with New World Rarities, a Long Island rare-coin and precious-metals company, where he worked as a salesperson and began to set himself up as a sole proprietor. He now operates his own business out of the headquarters of Eastern Numismatics, a rare-coin company that covers his rent, telephone, and shipping expenses in exchange for a percentage of each sale he makes. He pays for his own travel, entertainment, and supplies, such as the computer he bought last year. Smaltz tries to keep his fixed costs down. Last year he spent two months calling dealers around the country and combing the web to find a prized 1895 Morgan silver dollar in excellent condition. A client had gathered an almost complete set of the coins, which were minted from 1878 through 1921, and needed only that one to round out his collection. Because it was made differently from the others in the series, it was in hot demand. "They call it the king of the Morgans," says Smaltz. After weeks, he found the coin at a dealer's shop in Dana Point, Calif. He ordered it and sold it to his client for $139,750. His markup varies according to the time he spends looking for a coin, he says, noting that the industry average is between 10% and 25%.
To create buzz for his business, Smaltz has donated valuable coins to charity auctions and has designed his own commemorative coins. But what really makes his business tick is a reputation for delivering the exclusive goods in a timely manner, something Smaltz believes leads to repeat business and consistent profits. Gene Fox, a retired engineer from Joshua, Texas, started doing business with Smaltz around eight years ago when he ordered some historic silver dollars for his grandchildren. Since then he has purchased about 25 coins. "He's very reliable," says Fox, 73.
Smaltz hopes that recent world events will help him attract customers. "People are worried about the war in Iraq," he says. "Gold has always been considered a safe haven. And rare coins happen to be made out of gold." He repeats that line everywhere he goes, offering to let his prospects in on what he considers a secret: the investment potential of coins. "Nobody," Smaltz says, "really knows about this."
Source: http://money.cnn.com/
Friday, October 8, 2010
Why Coin Collection Will be a Good Investment?
I give you some examples from the coin market.
1) Last month the price of 5 Rs Tilak steel coin was sold at 100 Rs. But now it is selling for 150 Rs due to the scarcity of the coin. See the 50% jump in the price.
2) 5 Rs Cross symbol (2007 year) coin was sold for 50 Rs last year. Twelve months later, now the same coin is available for 600-700 Rs. If one bought atleast 10 coins last year for the total of 500 Rs, now will get 7000 Rs. See you may get upto 1400% profit within one year. Even bullish stock market also may not give that much of profit.
3) 1954 - One Rupee coin was sold for 120 Rs last year. Now it is available for 700-900 Rs.
4) Nethaji two rupee coin of 1996 sold for 1000 Rs before 3 months. But now available for 3000 Rs. Here the profit is 200% within 3 months. You can't imagine such a profit in any other investment avenue.
Due to the above examples, I am insisting that coin collection is not just a hobby. It will give you handsome of money in future.
1) Last month the price of 5 Rs Tilak steel coin was sold at 100 Rs. But now it is selling for 150 Rs due to the scarcity of the coin. See the 50% jump in the price.
2) 5 Rs Cross symbol (2007 year) coin was sold for 50 Rs last year. Twelve months later, now the same coin is available for 600-700 Rs. If one bought atleast 10 coins last year for the total of 500 Rs, now will get 7000 Rs. See you may get upto 1400% profit within one year. Even bullish stock market also may not give that much of profit.
3) 1954 - One Rupee coin was sold for 120 Rs last year. Now it is available for 700-900 Rs.
4) Nethaji two rupee coin of 1996 sold for 1000 Rs before 3 months. But now available for 3000 Rs. Here the profit is 200% within 3 months. You can't imagine such a profit in any other investment avenue.
Due to the above examples, I am insisting that coin collection is not just a hobby. It will give you handsome of money in future.
Monday, October 4, 2010
Commonwealth games Delhi 2010 - New Coin Release
Kolkata mint is now opened new coin booking for commonwealth games Delhi 2010. The set consisting of 3 coins: Rs 100, Rs 5 and Rs 2 was released on the eve of the the games. Along with the commonwealth games set, rebooking is also open for 3 different sets: Rabindranath Tagore, Perarignar Annadurai and Rajendra Prasad.
Last date for the coin booking is 15th November 2010.
To Book the coin, Click Here.
Sunday, October 3, 2010
2006 - One Rupee Coin
Obverse
Reverse
The coin posted above considered as a rarest coin of Republic India. This types of coins were minted through 2004, 2005 and 2006. But now we have only the coins of 2005 in circulation. The other two coins are not in circulation due to withdrawals by RBI to avoid some political problem (caused by BJP). The price of these coins of the year 2004 & 2006 are increasing rapidly day by day. I got it from my dealer in cheap rate.
Reverse
The coin posted above considered as a rarest coin of Republic India. This types of coins were minted through 2004, 2005 and 2006. But now we have only the coins of 2005 in circulation. The other two coins are not in circulation due to withdrawals by RBI to avoid some political problem (caused by BJP). The price of these coins of the year 2004 & 2006 are increasing rapidly day by day. I got it from my dealer in cheap rate.
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