Friday, January 27, 2023

Stack Sellers and Collectors: Explain the True Value of a $1,000 Special Coin

In recent months, a post by a collector on TikTok (@nan2med) caused a stir on social networks, where he mentioned the value a particular $1,000 coin could be worth.

Although some portals indicated that the $1,000 coin with a special description could be worth up to 600,000 pesos, now TikTok @nando2medina clarified how much it could actually be worth.

As he said in a video posted on TikTok, this coin coin $1.000. It can actually cost up to 40,000 pesos, only if it has a draft.

The state of preservation of a coin is key to its ultimate value. – photo: Getty

“It depends on its conservation status. But you have to be careful because many of these coins that have that twist are fake.”, added the expert.

What Tiktoker explained is that what makes this coin special is that if the face is flipped (after being inserted on the stamp side) the turtle that is on the face is not on the left (as usual) but the one that is on the inside. is the lower region.

He also indicated that a magnet could be applied to establish if the coin is valuable and if it sticks, it is counterfeit. Bear in mind that good nickels are made of silver, a material that is not magnetic.

200 peso coin value

Some time ago there was an explanation circulating about low denomination coins ($200) produced in the mid-nineties that have a dot in the center that makes them special.

In fact, the boom that created this singularity in the 200 pesos was so great that, having five digits, there are exchange and collection houses that buy said coins, even paying up to 70,000 pesos for each piece.

However, this is not the only find that distinguishes some of the older 200-peso coins in Colombia. shared by an amateur collector Some pieces, third in the list in value, have an “X”, instead of having a cross on the stamp.

50 cent coin will be worth $20 million

The rarer and older, as is the case with 50 cent coins, the price goes up. Various designs of this sect were marketed in the country over the years.

According to collectors, the main feature of this coin is the face of the liberator Simón Bolívar on one side.

However, noted content creator Nando on TikTok pointed out that in 1957 the Bank of the Republic launched a limited edition of the currency, which was smaller than the original.

Colombian Currency Will Have An Expensive Value
Price varies across coin sales portals. – photo: Getty

This design can currently cost up to 20 million pesos, as it never became widespread, as it was a test copy. Likewise, it is believed that he made only 11 copies.

“They talk about this 50-cent coin, it has the Colombian shield on one side and Simón Bolívar’s face on the other. Its estimated value is 20,000 pesos. However, the 1957 coin, which was the proof, has a smaller size And it is believed that only 11 were made, therefore, it could be worth 20 million pesos,” the influencer explained.

It is noteworthy that coins are a feature that every nation has. In the case of Colombia, the highest denomination is the 1,000 peso coin. Which changed the bill of the same sect a few years ago.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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