Saturday, May 28, 2011

New coin booking: Rabindranath Tagore, Rajendra Prasad and Annadurai


Coin cookings for these 3 sets are open from 19 July 2010 to 19 aug 2010. The following is a snapshot of an advertisement that appeared in the Sunday Times of Mumbai. you can do your bookings on the Kolkata mint site: igmint.org

kolkata mint coin bookings rabindranath tagore annadurai rajendra prasad
An analysis: the prices of the bookings have shot up and are now really high. If you want to book 1 piece each, it would cost you above 15thousand rupees, and obviously would leave a big gaping hole in your pocket. In such a time, investors are panicking and trying to release their money by selling their extra sets, and as a result the prices of sets which were open for booking in the last 1-2 years have gone down a little. As it is known that coin prices would shoot up once these new sets come into the market, this is definitely the right time to buy old sets. But then again, more than 90% of the collectors or investors are not having the resources to do so at this moment as the booking itself would cost so much. Personally, I have already bought most of the sets that interested me this month only and now only 2-3 sets remain to be bought. That I will do by August mid and then I would never look at old sets again. Then I would move on to other domains.

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