![]() ![]() This is a great idea if you have a large collection of valuable coins but lack the time, patience, or know-how to sell them one by one.Īuctions will incur a seller’s fee, which may be 15% of the auction value. If you’ve read this article, are even more confused, and just want to be rid of your coins, you can consign them to an auction house like Heritage Auctions. This is an especially good option if you have coins with a numismatic value that exceeds face value.ĪPMEX buys rare coins, semi-numismatics, and numismatics. This will be a comparatively lengthy process, and you will have selling costs, but you may gain greater value. If you have the time and enjoy figuring out the value of your coins, you may want to try consumer-to-consumer marketplaces like eBay. This is a good option to quickly sell your coins, but you may not get the best price, since the shop will want to sell them for a profit. If time is of the essence and you would trade convenience for a few percentage points of profit, contact local coin shops and inquire about their interest in your collection. Where Can I Sell My Japanese Coins?ĭepending on the type and the value of your Japanese coins, there are several selling options worth the time. Many of these services will be online and accept both current and withdrawn yen coins and banknotes. Do some market research to determine the average buying price of similar coins from different buyers.Īre there some coins in your collection that seem common? If they are not worth more than their face value, consider services that exchange Japanese yen coins for your legal tender. How do you sell them and maximize your profits? How Much are My Japanese Yen Coins Worth?īefore selling these coins, research their condition and value. Ready to sell your Japanese coin collection? Maybe you traveled extensively and collected more than you intended to, or you were gifted a sizeable Japanese coin collection.Įither way, they’re cluttering your shelves, and you are ready to liquidate them. However, there are also scholars who propose that they may have been buried to serve as religious offerings, though a scholarly census is not present.What is the Best Way to Sell Japanese Coins in the US? Segal notes that they are bulky and heavy to bring along when one needs to flee. It is also possible that these coins were buried by the Japanese during wartime. Another idea is that the practice of hoarding could have had a religious or other symbolic meaning attached to it. ![]() William Farris, a Japanese history professor emeritus from the University of Hawaii who did participate in the discovery, explains that hoards could have served as banks. ![]() While several massive coin stashes have been discovered in Japan, the reason behind their deposits remains a mystery. Because of this, the value of their coins was lost, and people had a greater willingness to use them for foreign purchases. However, the Jurchen nomadic group ended up overthrowing them in the early 12th century. This dynasty manufactured huge quantities of coins. Segal adds that it would not be surprising if several coins were from the Northern Song dynasty that took place in the years 960-1127. Several coin caches that mostly date back to the medieval period of the country have been spotted in several areas throughout the archipelago. Each bundle had roughly 100 coins.Īccording to associate history professor Ethan Segal from Michigan State University, who was not involved in the discovery, other coin hoards, including ones that are bigger than this stash, have been found across Japan. There were 1,060 bundles found to contain the coins. It had a Chinese inscription engraved over it that read "Banliang," which means "half ounce." These Banliang coins were commonly produced in China roughly 2,200 years ago. The oldest one was found to date back to B.C. So far, only 334 coins have been checked. The stash was discovered while excavations were conducted ahead of a factory's construction. They found it in the Japanese city of Maebashi, which is situated around 100 kilometers northwest of Tokyo. Archaeologists were able to find a huge stash containing 100,000 coins.
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