Coin Collector Buys Parking-Meter Treasure
Aug 5th, 2007 by capitaladmin
New York City’s Department of Transportation this week sold off 500 pounds of foreign coins it collected from city parking meters. For the last ten years the NYC Department of Transportation has been have a public coin auction of the foreign coins people place in parking meters. The price range is now almost $4.00 a pound for 500 pounds…
The buyer, Jim Corliss, outbid four others for the lot. He has made a hobby of buying foreign coins. Jim Corliss a collector from Massachusetts won the bid last year and won again this year. He found an 1835 British Shilling once worth only $5.00. Most of the coins are Greek Drachmas, French Francs, and Canadian Quarters.
There are quite a few people on eBay selling unsearched bags from the Bundesbank in Germany… could be the next trend!? I’ve picked a few in the past – Greek, Turkey, French, Canada, Mexico, Portugal, Spain, Ireland, Russia, Prague, Ukraine and then some…
NPR Has a great interview with him here.
Here is the news story as told by the CW 11 in New York City:
