| Author |
 Replies: 37 / Views: 12,413 |
|
Pillar of the Community
United States
4233 Posts |
I'm curious why there is such a difference in value between 1947ML and 1948, particularly with the $1. The 1947ML only had 2,355 more minted (18780 vs 21135), and yet in MS60 the value difference is $1300 ($1750 vs $425). Is it just the bling factor, or something else? Here's my '48. Note it's also a rotated die. I got this coin around 1971 from my grandfather, Charles Smutny. He was head librarian at the Chicago Tribune library. His predecessor had contacts all over the world who mailed him coins, and when my grandfather took over, the coins kept arriving. Grandpa sat all 5 grandchildren down in front of his pile of coins and we all took turns picking. Somehow I ended up with this 1948 dollar, and also a 1947ML in similar condition. I've loved Canadian coins ever since.   |
|
|
|
Pillar of the Community
Canada
1192 Posts |
There tends to be a lot more demand for a rare date rather than a rare variety.
|
|
Pillar of the Community
Canada
1554 Posts |
 kbbpll, I think because it's technically the lowest mintage of all Canadian silver dollars ever minted has made the '48 an anomaly amonst Collectors. They are very easy to find in grades up to MS-62 an any day of the week on E-bay. Glenn  |
|
Bedrock of the Community
Canada
10743 Posts |
To the Forum, kbbpll.. Nice looking '48 you have. Quote:
I've loved Canadian coins ever since.  So don't we..  |
|
Bedrock of the Community
Canada
11922 Posts |
I find there is a problem about knowing the mintage... they say 21135 were minted but we don't know if every coin was released into circulation.
Also we don't know how much were melted down... in theory there could be less 1947 MLs out there than 1948s. The mintage is just the maximum number for me.
|
|
Pillar of the Community
Canada
3234 Posts |
There will only be one "King" of Canadian silver dollars.
Probably goes back to those years when 48's were not found by any collectors and collectors were told early in 48 that there weren't any produced for that year. 47's were always around and varieties were not really sought after until later.
Suddenly at the end of 48 some were being seen from the banks and the craze to find one quickly started and it has never relented. Most 48's were quickly pulled and that's why there are many high grades out there.
That's my quick take on this question anyway..
|
|
Pillar of the Community
 Canada
9865 Posts |
The 48 dollar is a "money" coin. There is no reason for its high price other than hype and collectors' willingness to pay. For about the first 25 years the price for the '48 was the same as the '47ML. Then came the coin boom of the early mid sixties,as the rarest dollar the price began to rise,perceived rarity brought big money,this perception continues to this day and fuels the ever increasing price disparity.
"Dipping" is not considered cleaning...
-from PCGS website
|
|
Valued Member
83 Posts |
I have a 1958 Charlton Standard Catalogue - listed value for 1947 ML is $25, and for 1948 is $30.
Scotts Canadian Coins
|
|
Pillar of the Community
Canada
686 Posts |
I side with Pokerman. There are so many varieties of 1947s out there, that most collectors are more concerned about having one 1947 and one 1948 in their collection. There is more of a focus on that than of having one of each variety.
That being said, I think the gap in price is too big. More that the 1948 is overvalued. Given how easy it is to find one of these coins, there is no reason for them to sell for the prices that they do.
|
|
Pillar of the Community
 United States
4233 Posts |
Thanks for all the replies, everyone. It's a fun curiosity to me, and interesting to get other perspectives on it. Aren't 1947 Maple Leafs really "varieties" of 1948? I guess collectors focus on the year stamped on the coin, and not the year it was actually minted for. I wasn't even aware until a few years ago that the maple leaf wasn't just some sort of mint mark on the 1947s. I suppose the value of perception is demonstrated here - on any given day there are probably twice as many 48s on ebay as 47 MLs but they still get a premium. |
|
Pillar of the Community
Canada
5324 Posts |
The marketplace will still do the final speaking, a 1948 ms 63 will go for around 3000.00 an 1947 maple leaf ms 63 might sell for more just due to very few come to market in this grade.
|
|
Pillar of the Community
Canada
9865 Posts |
Quote:
a 1948 ms 63 will go for around 3000.00 an 1947 maple leaf ms 63 might sell for more just due to very few come to market in this grade. CC&C has them at $899 in ICCS MS63,both regular and 2HP variety Most undervalued silver dollar IMO "Dipping" is not considered cleaning...
-from PCGS website
|
|
Pillar of the Community
Canada
1581 Posts |
What about the 1947 dot?
That beats the 1948. So the variety argument isn't absolute.
What are the dots? A first attempt at the ML concept? A stamp marker for a ML that was too close and not restamped?
|
|
Pillar of the Community
Canada
617 Posts |
^
Given the faintness of the dot, I would suspect die pitting.
|
|
Pillar of the Community
United States
4233 Posts |
|
|
Pillar of the Community
Canada
3234 Posts |
..as to the 47 Dot,...it's a small,..but perfectly round dot. Could a die chip be so perfectly round..?...probably not..  |
| |
Replies: 37 / Views: 12,413 |
Posted 11/01/2013 01:52 am
