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 Replies: 37 / Views: 12,414 |
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Valued Member
Canada
386 Posts |
I think the value of 1947 ML will equal or exceed the 1948 dollar in the near future. What I noticed about the internet ( ebay in particular) in the last 15 years is that items that were deemed rare prior to the advent internet got large premiums in the early 2000's. Then when the market started to be saturated with previously though to be rare items, prices started to tumble. I think we will see that with 1948 dollars because plenty are available on ebay and 1947 ML are now appearing to be rarer than previously thought. |
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Pillar of the Community
 United States
4233 Posts |
Just for fun, my 1947ML. Sorry for bad photography. Guess I need to take it out of the holder.   My favorite reverse of any coin.  |
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New Member
United States
38 Posts |
It's because a lot of collectors collect Canadian dollars by the year. 47 had several varities plus a bunch of doubled, triped and quadrupled HP. And nice 48s are very uncommon. Lots in lower grades.
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Pillar of the Community
 Canada
9865 Posts |
Quote:
47 had several varities plus a bunch of doubled, triped and quadrupled HP. And nice 48s are very uncommon. Lots in lower grades. As stated by someone previously,the '47ML is actually a '48 variety as that's the year it was minted. There are more MS '48s by quite a wide margin,and very few in lower grades compared to the '47ML.As was said by someone earlier in this thread the '48s were hoarded right from the start. "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1581 Posts |
@kbbpll: Excellent link!! Thank you.
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Pillar of the Community
Canada
1581 Posts |
Interesting. The book article seems to point to all the 1947 dots being die pits.
It's funny how most errors are ignored, and a choice few become hot.
1872 50c A/V
1936 25c bar
And, how both these error begot massively hightened interest in the same error in another denomination:
1872 50c A/V -> 25c A/V
1936 25c bar -> 10c bar
Would the 1947 dots have been interesting without he 1947 ML?
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Pillar of the Community
Canada
1581 Posts |
Quote:
And nice 48s are very uncommon. Lots in lower grades.
Odd that any significant number would get into circulated condition. In 1949 the mint introduced its numismatic division, and started producing PL coinage. So, the number of collectors must have been significant. Yet, they all just let 1948 dollars circulate for years? Couldn't happen today. The lack of a new year's mintage by May or June would have everyone buzzing on forums like this. If it got to October or later before samples started appearing, people would snap them up wherever they could. |
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Pillar of the Community
Canada
3234 Posts |
From what early dealers have told me,...most 48's were quickly sought after and pulled out of circulation very early in their life.
Most are found in high ...or very high grade....but you will always have to pay dearly for them..
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Pillar of the Community
Canada
1581 Posts |
Probably not so with the 1947 ML
The main answer to why the 1948 is expensive is that it has been expensive for a long time. Coins are NOT like stocks. A thread such as this is not going to see 1948 prices change. No matter how many agree the prices are crazy.
Normal supply/demand doesn't seem to apply. You want want, then pay $$$$ for one of the MANY that are always available. The seller will wait.
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Pillar of the Community
Canada
1461 Posts |
I seemed to have come across more 48s than MLs. Especially at higher grade. In the early 60s, the difference in book was between the two @ MS grade was around 10%-15%. Different story today and I personally think the 48 is overvalued.
Edited by TheCoinHunter
11/10/2013 7:43 pm
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Pillar of the Community
United States
4233 Posts |
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Pillar of the Community
Canada
617 Posts |
My latest acquisition 1947 ML 2 x HP $1 (MS-63 ICCS):   and a closeup of the double HP:  |
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Pillar of the Community
710 Posts |
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Pillar of the Community
United States
4233 Posts |
$10 short of crying price, only made shaking my head price. Nice ML, EastVanRob.
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Valued Member
United States
75 Posts |
Is there any information available as to when the 1947 maple leaf production ceased and the 1948 dated production began - for all the denominations that year?
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Replies: 37 / Views: 12,414 |
First Page
Posted 11/03/2013 3:21 pm
