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1871 Canada 10 Cents

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Author Previous TopicReplies: 15 / Views: 4,955Next Topic  
Pillar of the Community
malissadawn's Avatar
Canada
1931 Posts
 Posted 06/21/2008  07:48 am Show Profile   Bookmark this topic Add malissadawn to your friends list Get a Link to this Message Number of Subscribers
HI
I have heard a lot recently about error coins and it seems every one has a different opinion. Some feel that errors lower the value, while others say that improves the value. Which is the truth? I am posting an image that my mother and her coin dealer seem to feel is "bag marks" and therefor do NOT lower the grade or value whereas my dealer says I should lower the grade at least from EF to F.
This is an 1871H canada 10 cents. I'd love to know what grade and value this coin is.

thanks for any help And sorry if I posted in the wrong forum for this one

malissa

1871-Canada-10-Cents
1871-Canada-10-Cents
Edited by malissadawn
06/21/2008 07:52 am
Valued Member
snaz's Avatar
Canada
351 Posts
 Posted 06/21/2008  5:01 pm  Show Profile   Bookmark this reply Add snaz to your friends list Get a Link to this Reply
I would absolutley agree.. VF - F. Those bag marks kill it. It looks like whizzing marks on the obverse, and is that toning or PVC damage in the denticles on the reverse
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/21/2008  5:14 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
I think its toning. but not sure what pvc is.
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/25/2008  5:10 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
can anyone tell me what they think the value of this would be? Not that it's for sale but if you were in a store or ebay or something like that whats the max you would pay? thanks
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KurtS's Avatar
United States
5318 Posts
 Posted 06/25/2008  9:50 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I don't have enough coins with Victoria's portrait to be familiar with grade.
Besides, digicams often capture surface details at the expense of luster and other positives, with the result a problem-free coin appears scratched. Do I see an "H" below the bow in the wreath? If so, that's the Heaton mint version which is slightly more common, but the value is similar for both: F12: $53, F15 $85, VF20 $120.
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/26/2008  03:49 am  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
Thanks for your reply. It is an 1871H dime. I have not been able to properly decide on a grade as I have a coin book from last year, coin manage software for 2008 that offers low values for coins (at least low compared to my books) and a 2004 coin book that is even valuing the coin higher than the software I bought. I have a few coins that have caused me trouble that way. Either an inability to decide on a value or an inability to figure out which variation I have. These types of things keep me up at sometimes because I hate not having all the answers. LOL anyway, thanks for your help
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/26/2008  03:59 am  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
I'm not sure this allowed but I would like to place a link if everyone could please explain why a coin that is graded at around the same grade is priced so much higher than my books say to price.
by the way my coin manage software for 2008 says the following values F- $74 VF- $145 XF- $245
My 2007 canadian coin book says these values F- $90 VF- $200 XF- $350

It just doesn't make sense to me why the estimates are so different.

thanks for listening

http://www.vcoins.com/world/carsley...Product=1373
Edited by malissadawn
06/26/2008 04:03 am
Valued Member
United States
324 Posts
 Posted 06/26/2008  11:17 am  Show Profile   Bookmark this reply Add mkb to your friends list Get a Link to this Reply
There were two trades of an ICCS graded 1871H 10-Cents coin on ebay in 2007. They both went for about $90.00 each. Price guides list full retail prices, which, depending on the coin, may be used by dealers. But dealers usually discount a bit relative to full retail. For a coin that has some added feature (i.e., planchet flaw), a dealer may ask above retail - which is what you have in the URL you listed. Note that a non-certified coin will often sell for less than a certified coin will.
Valued Member
United States
324 Posts
 Posted 06/26/2008  11:19 am  Show Profile   Bookmark this reply Add mkb to your friends list Get a Link to this Reply
That was two ICCS 1871H 10-Cents coins in VF20 - forgot to list the grade...
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KurtS's Avatar
United States
5318 Posts
 Posted 06/26/2008  1:59 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I find there's a lot of variance to Canadian coins and ascribed values.
Firstly, the catalogue prices will vary a bit such as Charlton's higher "values" to Charest's listings which are often below auctions I see. Then there are the auctions themselves, which differ greatly by whatever a few bidders were willing to pay. Thirdly are the dealers whose grading/pricing I find are all over the map. ICCS graded coins tend to be a safer bet, and buyers are willing to pay more for that peace of mind. Locale of dealer is a factor too--I have found very nice NFLD coins here in California that would cost an easy 2X from a Canada dealer. Sorry--I suppose I'm not clarifying at all. Perhaps my point is that prices seem to be in a constant state of flux. If you go to a coin show in Canada, you might get a pretty accurate cross-section of values there.
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/26/2008  6:39 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
I was thinking of the coin show option too more because I've never been to one than for any other reason. I did notice there is one I can go to near my house in october. Have you heard of torex? Is it worth going to? Thanks for all your help and information on this one.
Valued Member
United States
324 Posts
 Posted 06/26/2008  8:04 pm  Show Profile   Bookmark this reply Add mkb to your friends list Get a Link to this Reply
If a coin catalog lists full retail prices, then expect to pay 60% of the catalog price for an item listed at an auction - such as ebay. Having a catalog that lists auction prices is almost useless since, if dealers were to use such a catalog, they would wind up paying about 1/2 the auction price. Collectors would also eventually start paying 60% of the auction price at auctions, and prices would wind up dropping. This is good for someone that owns no coins, but for those that do, this is not a good thing. That's why a catalog should list full retail prices.
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/26/2008  10:24 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
the book I am currently using is the 2007 guide by haxby, I have seen on this site that others use and trust it so I'm assuming it's an alright guide. But how do I know exactly how much to deduct from the guide value if I want to sell my coins? Not at auction just person to person basically. I don't understand why there are no guides that tell you exactly the value to use if you are selling your coins. Makes it so much easier to mess and up and either accidentally lose money or overcharge and cause someone else to lose money unfairly. It almost makes me want to say forget selling period.
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malissadawn's Avatar
Canada
1931 Posts
 Posted 06/26/2008  10:26 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
one last question? Is there somewhere on this site that I can post my coins that I want to sell just to get peoples opinions on what I should charge for each or for a combined group of coins. I dont want to place in the buy sell area as I dont really trust sending them through the mail. I just want to make sure that I'm not messing up.
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KurtS's Avatar
United States
5318 Posts
 Posted 06/26/2008  11:15 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Torex? I think that's the really big show in Toronto. Definitely you'll have a lot of coins to look at and get an idea of value.
Valued Member
United States
324 Posts
 Posted 06/27/2008  02:48 am  Show Profile   Bookmark this reply Add mkb to your friends list Get a Link to this Reply
Here are some rules of thumb for pricing based on Book Values listed in a price guide:

1. Auction Price - 65% of book value including postage and any fees. This includes ebay and any major auction.

2. Dealer Sell Price - 90% of book value. But certified coins may go for book value and sometimes higher. Also, coins are often over graded and then deeply discounted.

3. Dealer Buy Price - 30% to 50% of book value - unless its an easy to sell item, then you may get more.

Do collectors ever pay more than Book Value? Absolutely. But pretty well only for coins that are rare (i.e., less than 100). And the reason they pay more is because such coins are hard to find.

As for prices in Haxby, I can't comment on them. I pretty well rely on ebay prices and major auctions.
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