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 Replies: 39 / Views: 4,699 |
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Pillar of the Community
Canada
1581 Posts |
The coins you show certainly could be numismatic grade. But, they represent new supply. If bags were simply melted, the numismatic items would go to melt, forever unknown. They weren't known before, so how could they effect numismatics?
When bullion value (BV) exceeds numismatic value, the coin transitions into the BV group, and may no longer be looked at as a numismatic item. What isn't clear is whether that has happened to previously collected coins with the 2000s spike in silver.
If silver went to $100/oz, the melt value of 0.800 silver (at 85% silver value) would be 60x face value. So, that MS-64 SPP-Ottawa mentioned would become worth melt. If it was graded by a third-party, what would happen to it? If nobody is willing to pay more than melt, is it worth the effort and cost of trying to sell it?
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Moderator
 Canada
10463 Posts |
Quote:
If silver went to $100/oz... Sigh.... if only our dreams would come true...  "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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1581 Posts |
Would it be good for the hobby?
At least $7.50 for a common dime. How could kids afford it?
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Moderator
Canada
10463 Posts |
It might inject some much-needed love into the newer, nickel composition series... it is sad how after 1967, most coins fall off the radar screen of collectors, even though the designs are the same...
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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New Member
 Canada
13 Posts |
they will probably become the new collectables when our coin goes to plastic to save money or completely disappear
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Pillar of the Community
Canada
1581 Posts |
@SPP
Good point. Now there is some history. The main problem before was soaring mintages and a sense the coins were being debased.
25c:
1955: 9.5 million
1965: 44.7 million
1975: 252.2 million
Did the hobby increase its membership by 25x in those 20 years?
Part of the allure for me, as a six-year-old kid, was to find something different in my Dad's change. Finding a George V penny or a George VI nickel (10c and up was real money, and off limits) was a huge thrill.
We've had the same monarch and designs my entire life. I'm pretty sure finding a 1970 25c as a six-year-old today wouldn't have the same thrill.
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Pillar of the Community
Canada
2805 Posts |
It has a thrill to me, because 1970 is a really low mintage year and I've actually found more silver quarters than 1970 quarters so far :P
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Pillar of the Community
Canada
785 Posts |
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Pillar of the Community
Canada
1723 Posts |
1963 has a mid range mintage. I would assume that even with being banged around in the bags that the detail would still be fantastic. With the coins you posted, I would give it an AU grade since there seem to be many small scuffs on the face of the coin. In AU condition (almost uncirculated) melt value today is $17 and book value is about $25 tops. Most dollars on ebay right now are fetching about $20 each in the condition you posted. Being those were your best 2 coins, I would say that you should get $15 to $25 on ebay. That's selling from the very least if you gave someone a good deal to about the max people are paying. Obviously if you do manage to find better grades, the price will increase. An auction finished today. 3 silver dollars... 62, 63, and 64. sold for $68 and they were all still sealed. http://www.ebay.com/itm/3-CANADIAN-...em4ac2ea25bbEdited by samsnate
03/31/2013 12:43 pm
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Moderator
Canada
10463 Posts |
That auction was something completely different, and should not be used as a comparison - those were proof-like strikes from silver proof-like sets, and not business strikes that would be inside a mint bag. Those coins in the mint bag, by definition, are uncirculated and even if they are really 'baggy' they still would grade MS-60...
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1723 Posts |
Quote:
That auction was something completely different, and should not be used as a comparison So the numbers that I looked up are just way off then? Even saying they are different strikes...which I do no know much about....In this case , is there really a difference in value? The coin itself still be worth the ballpark area that I posted ...no? Edited by samsnate
03/31/2013 1:40 pm
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Moderator
Canada
10463 Posts |
A Proof-like 64 grade is worth bullion... a Mint-state 64 is worth three times 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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1723 Posts |
Ok so proofs from sets aren't worth as much....did not know that, not sure of why though. Just because one was for circulation? To me..they are both 1963's...both silver, for my collection, I wouldn't care where it came from. So based on the OP posted pictures....what grade and value do you think?
Edited by samsnate
03/31/2013 2:28 pm
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Pillar of the Community
Canada
695 Posts |
The reason that circulation strikes are worth more in the same condition is that they are a lot tougher to find in high grades....since they were mostly circulated. Proof like, and proof sets were mostly kept intact and not handled.
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New Member
Canada
13 Posts |
here's a pic with a better camera than my iphone  |
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Replies: 39 / Views: 4,699 |
First Page
Posted 03/30/2013 3:03 pm
