WHAT COIN SHOULD I BUY (PART IV) SUMMARY
There has been a huge amount of positive reaction to our previous posts on "Which Coin Should I Buy". However it is also now clear that a clear summary of what has been suggested is necessary to clarify some remaining doubts.
The doubts seem to sit with people who have purchased visually beautiful hand struck coins and have paid a premium for them. However, like many things, that was an error of judgement based on faulty notions.
The following are the keys to purchasing hand struck coins.
1. The best coins show the WHOLE legends from the coin dies. These coins are enhanced if the die has a border of any type and it is also shown.
2. The second best coins show most of the legends but it is clear from the coin that it can be fully attributed including all dates, legend type and mint (if present) etc.
3. The third best coin is a coin that can be fully attributed but may have shroff marks (punch holes in Indian coins) or bankers marks or other marks that may deface the coin in some way.
These three coins stand out from the rest of the coins available and it does NOT matter what the condition of the coin is as long as it can be fully attributed. These coins SHOULD be valued higher than any other coin no matter how much eye appeal that it may have. If a coin CANNOT be fully attributed no matter how much eye appeal it has it should be valued less than those that can be fully attributed.
We now turn to coin grading. This appears to becoming more popular with collectors of hand struck coins. However grading companies seem to ignore the fact that many coins graded cannot be fully attributed. By accepting this and grading these coins on the basis of "looks" rather than accuracy they are doing consummate collectors an absolute disservice. They seem to be locked in the machine struck coin syndrome where all coins should be correctly struck and where errors in the minting process are, in many areas, eagerly sought after.
IT IS TIME TO ENSURE THAT HAND STRUCK COINS ARE CORRECTLY COLLECTED. THE HIGHEST VALUE MUST BE PLACED ON COINS, IN ANY CONDITION, THAT CAN BE FULLY ATTRIBUTED RATHER THAN THOSE THAT LOOK "NICE".
Coin of Akbar showing the mint name of Urdu Zafar Qarin in full
Obverse of the same coin showing the words Zarb Alf Falus in full.
The coin from above showing the full working in our style developed by our work's co author Tariq. This coin is shown with preliminary drawings of the colours showing the full text. The work, colours etc are copyright as is the style.
This shows an almost perfect Akbar copper coin from the mint of Urdu Zafar Qarin. The mint number is 5210. All mints in the great subcontinent are numbered for ease of reference.
This coin is highly collectable because of its full strike that even shows much of the border. Coins of this excellent strike are the ones that should be collected if available and should be worth considerably more than coins showing only partial inscriptions.
For the lovers of Akbar coppers we are about to start a new section to teach those who are interested in collecting these affordable coins. We are working on Akbar manuscripts (and a number of others) and due to the interest and complexity we seek help from general collectors. The section will progressively show what to look for and will decipher the coins using our pioneering methods of display. The diagrams used will be preliminary drawings only and will work through what we term as the "Theory of Best Fit". The calligraphy is often excellent however at times given the style language purists may wish to debate the translations. We will be please to accept and discuss any such input. It should be noted that some apparent recent finds of coins of later Mughal rulers still are being debated as to the exact inscriptions.
Now please join us on the Akbar coin research project. We have seen thousands of coins in many styles but like all good hand struck coin researchers we wish to be able to publish the widest possible data pertaining to mint, dates and any other inscriptions. Join us in the final search for these highly collective and often highly affordable coins.