I think you missed the point, so let me spell it out for you. The Canadian coin collecting community is dominated by those who collect what is 'in the book'. The term 'book' here usually is the Canadian Coin News Trends or the Charlton Standard or the tables in the PCGS Registry sets. It is those people who create the demand for year sets and mainstream varieties. They care very little about anything else. Even the very finest collections (registry sets) of Canadian coins, follows this trend. The majority of collectors just want either the hole in their album filled, or the best they can afford, or the best that money can buy.
That is why the 1921 5c is priced where it is. My point about the 1947 dot coins is that under any other circumstance, that $10 5c should only be worth 10c and the $50 25c should basically be melt - but demand for those coins has dictated the price, because they are 'in the book'. Even though that little dot is almost impossible to see, and might just be a die chip. Yet, the 1949 dot silver dollar, which is several orders of magnitude scarcer, has no demand. Everyone wants an 1859 brass, because it represents a major gap in any collection. Most of those same collectors could care less about an 1859 9/6. I choose those 1947 coins not based on how much you could buy them for, but as examples that nonetheless are worth two or more orders of magnitude more than their non-variety counterparts.
For example, let's say that an 1859 R2b (double punched #5) surfaced, and was PCGS certified as MS-67 Red (hypothetically). That coin was then placed in a Heritage auction. The hammer price will reflect one thing only - the grade (it would be the finest known 1859). The winning bidder is not going to care if was a low 9, 9/6 or had the full vine at leaf #2. The 'grade rarity' of the coin would trump any variety. But, if an AU-50 brass coin surfaced, the bidding would be insane (again, finest known), because someone's registry set would get that much better. Everyone wants to fill that 'hole' but there are only a handful known.
Most varieties you have been chasing, have only been 'in the book' for a few years, starting with the 60th edition of the Charlton catalogues. But, even then, most collectors and even most dealers only differentiate varieties in the front of the book, and not in the variety section in the back. Coin dealers know that the demand for those is so very low, relative to the time they would have to invest. They buy those coins, unaware of any varieties, and sell them just the same. But, every dealer I know will check a 1947 25c coin, because they know a collector will come to them and ask if they have a '47 dot quarter'. It may take decades, before there is a paradigm shift to reflect the recent work Bill Cross has put into his variety catalogues.
I argue, not because this is enjoyable, and I am actually a huge fan of varieties (in my series). I argue for the sake of the novice collectors here, so they made aware of reality versus fantasy. For me, time is the most precious commodity I have - and I have already invested far to much of it trying explain something that money cannot buy for you Danlos. It is me, who is giving up on you. So go ahead, and promote the very things you are trying to sell at inflated prices on ebay. If that is how you derive pleasure from this hobby, then I want no part in that.
That is why the 1921 5c is priced where it is. My point about the 1947 dot coins is that under any other circumstance, that $10 5c should only be worth 10c and the $50 25c should basically be melt - but demand for those coins has dictated the price, because they are 'in the book'. Even though that little dot is almost impossible to see, and might just be a die chip. Yet, the 1949 dot silver dollar, which is several orders of magnitude scarcer, has no demand. Everyone wants an 1859 brass, because it represents a major gap in any collection. Most of those same collectors could care less about an 1859 9/6. I choose those 1947 coins not based on how much you could buy them for, but as examples that nonetheless are worth two or more orders of magnitude more than their non-variety counterparts.
For example, let's say that an 1859 R2b (double punched #5) surfaced, and was PCGS certified as MS-67 Red (hypothetically). That coin was then placed in a Heritage auction. The hammer price will reflect one thing only - the grade (it would be the finest known 1859). The winning bidder is not going to care if was a low 9, 9/6 or had the full vine at leaf #2. The 'grade rarity' of the coin would trump any variety. But, if an AU-50 brass coin surfaced, the bidding would be insane (again, finest known), because someone's registry set would get that much better. Everyone wants to fill that 'hole' but there are only a handful known.
Most varieties you have been chasing, have only been 'in the book' for a few years, starting with the 60th edition of the Charlton catalogues. But, even then, most collectors and even most dealers only differentiate varieties in the front of the book, and not in the variety section in the back. Coin dealers know that the demand for those is so very low, relative to the time they would have to invest. They buy those coins, unaware of any varieties, and sell them just the same. But, every dealer I know will check a 1947 25c coin, because they know a collector will come to them and ask if they have a '47 dot quarter'. It may take decades, before there is a paradigm shift to reflect the recent work Bill Cross has put into his variety catalogues.
I argue, not because this is enjoyable, and I am actually a huge fan of varieties (in my series). I argue for the sake of the novice collectors here, so they made aware of reality versus fantasy. For me, time is the most precious commodity I have - and I have already invested far to much of it trying explain something that money cannot buy for you Danlos. It is me, who is giving up on you. So go ahead, and promote the very things you are trying to sell at inflated prices on ebay. If that is how you derive pleasure from this hobby, then I want no part in that.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer
Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US
My eBay store
Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US
My eBay store
Edited by SPP-Ottawa
01/12/2012 05:01 am
01/12/2012 05:01 am


























