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 Replies: 16 / Views: 3,454 |
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Valued Member
291 Posts |
Are classic Canadian coins undervalued?
By classic I mean pre-1937 coins.
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Pillar of the Community
 Canada
9866 Posts |
Not at the moment.Demand just isn't there for all except high-grade.Collection of date sets seems to be losing momentum IMO.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
627 Posts |
Not really, There are still plenty to be found. As long as there are tons of "classic" coins sitting in dealers show cases, they are not undervalued. Certain key dates may be undervalued, as well as NFLD coins, at least the high grade stuff.
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Valued Member
 291 Posts |
I think the Newfie coins are severely undervalued in nice mint state.
High grade Canada classic coins too.
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Pillar of the Community
Canada
650 Posts |
nefie coins are all undervalued by the mintage the problem is as collectors we ignore the maritines.
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Pillar of the Community
Canada
617 Posts |
Demand is the most important part of value. You could have a unique item, but if no one wants it, its value is very low.
Newfoundland coins suffer from this.
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Pillar of the Community
1844 Posts |
Just look at The Newf.gold ..Compare prices and mintages against the US gold coins ..Makes no sense at all..... I believe the highest mintage is for the 1888 only 25,000 and you can still find some for under 500 for nice AU.. try and and find those prices on US or even Russian gold....
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Pillar of the Community
Canada
1554 Posts |
 Right now it's a buyers market for Classic Canadian coins (business strikes). As long as gold/silver bullion prices are high and collectors are shifting their financial resources towards them. This leaves all collector coins including the high grade rare material (Keys)in less demand driving down prices. It will be like this for some time until the market improves and bullion prices either drop or stabilize. So if you're looking to complete whatever in your collection that is pre-1937 and in high grade, I feel there is no better time to buy than now! Glenn  |
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Valued Member
Canada
475 Posts |
Prices are all over the road map these days. As to Newfoundland coins . The only thing rare and enticing about them.............the rarity of high rolling collectors. A question to all , are coins of Newfoundland A: part of the Canadian series? or B: Nothing more than a country /colony of a World collection? C: A hybrid collection ..ie Canada and the world?
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Bedrock of the Community
Canada
10743 Posts |
Quote:
... the problem is as collectors we ignore the maritimes.  |
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Pillar of the Community
Australia
7096 Posts |
Quote:
Right now it's a buyers market for Classic Canadian coins (business strikes). As long as gold/silver bullion prices are high and collectors are shifting their financial resources towards them. This leaves all collector coins including the high grade rare material (Keys)in less demand driving down prices.
It will be like this for some time until the market improves and bullion prices either drop or stabilize.
So if you're looking to complete whatever in your collection that is pre-1937 and in high grade, I feel there is no better time to buy than now!
Glenn
 I have picked up quite a few upgrades for my Aussie Silver coin collection at very reasonable prices due to the marked getting flooded with silver coins  |
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Pillar of the Community
Canada
2495 Posts |
I agree with Glenzy1.
Definitely a buyer's market.
Right now a lot of collectors are opting to buy bullion rather than coins.
I see a huge upturn in the coin market when precious metal prices peak (within 5 years).
Why?...Because you'll see the coin collectors selling their overvalued gold and silver (which will be at peak prices)and then getting back into collecting rare coins.
Regarding 'undervalued' Newfie coins....Collectors and dealers have been saying this for over 30 years. Seems to me the reason is staring us in the face why prices haven't taken off.
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Valued Member
Canada
370 Posts |
Any given coin is only worth what someone is willing to pay for it. If no one is willing to buy Newfie coins then they will remain low in value
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Pillar of the Community
Canada
5324 Posts |
there are just fewer newfoundland collectors, but eventually with all the offshore oil money and voisey bay coming onstream, this area of collecting will take off. they recently came off the have not province list.
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New Member
Canada
49 Posts |
Glenzy is right on....
high end, Ef 40 and up..up and uppppper, is where it is.
IMO better than bullion.. High grade rare and unique is the key..
it might take longer to find or to sell, but the value will always be there.
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Pillar of the Community
United States
593 Posts |
I have a few Newfoundland coins in my collection. I think one factor that keeps them sleepers is they are certainly less attractive than Canadian coins ( my personal opinion ) though I know some collectors find them attractive
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Replies: 16 / Views: 3,454 |
Posted 10/08/2012 8:55 pm
