| Author |
 Replies: 40 / Views: 8,777 |
|
|
|
New Member
Canada
10 Posts |
|
|
Bedrock of the Community
Canada
21642 Posts |
Nice one Hamilton coin guy.
I was hoping someone would have a Curved 7 ML to show.
Not too many around.
PS- Welcome to the forum
Edited by JimmyD
02/22/2016 10:09 am
|
|
Pillar of the Community
 Canada
2845 Posts |
 Wow, yes the King of the Variety! Hamilton coin guy, thank you so much for posting. The closest I will likely ever get to one of these is oogling a photo....LOL! |
|
Pillar of the Community
Canada
2301 Posts |
I think the posted CR ML was on ebay yesterday but pulled. I saw one sold Sat. in Oshawa to a dealer for 1400.00 F12. MM |
|
Pillar of the Community
Canada
2845 Posts |
The price of the 1947ML curved 7 variety has somewhat baffled me, why it's been so high in the recent past and indeed it seems a price correction is overdue. (I say that as a potential buyer, understanding why sellers might not agree.) I suppose nobody knows for sure how many were minted but considering the circulated state of Hamilton Guy's 50c and the Oshawa sale, obviously the rarity was somewhat unknown at the time. I'm comparing that to the 1948 dollar, for example, most were pulled from circulation by collectors very early on and are in near MS state or better.
Originally the mintage of the 1947ML was 38,433 (both curved and straight 7). The 1947ML dollar - 21,135. Less but not a huge difference especially if a high percentage of $1 MLs were also removed from general circulation with a greater likelihood more 50c may have ended up in a silver melting pot. I'd presume in part, owing to greater collector popularity the 1947ML SD holds a good price, the 1947ML 50c st7 hardly 25% of that, yet the 1947ML 50c c7 has remained well beyond even that of a 1948 SD.
I'd also make the assumption present owners of 1947ML c7 50c are typically longterm collectors as opposed to a newer generation of collectors who have become attracted to the SD and have actually increased demand (and who may be more likely to sell when something increases in value). It's perhaps a somewhat different type of collector who presently owns 50c collections, not as "trendy", accounting for why the 1947 50c ML c7 is not often seen for sale. Not sure if I'm making a point.....just my personal observations. I'm interested in other opinions.
Edited by wildflowerAB
02/22/2016 12:58 pm
|
|
New Member
Canada
10 Posts |
hey guys thanks for all the input
I'm not lets say a "SERIOUS" Collector but like the rest of you can't pass up a deal I do own a few keys such as the 48 dollar and so on all my coins are forsale if the price is right ..... can anyone tell me a fair market value for this coin is
|
|
Pillar of the Community
Canada
2845 Posts |
Hamilton Coin Guy, seems yours is the same photo of the 1947 50c c7 that was pulled from ebay yesterday. So I'd say it's worth whatever you just paid for it. Edited by wildflowerAB
02/22/2016 5:37 pm
|
|
Pillar of the Community
Taiwan
606 Posts |
The 1947 ML C7 (CR) is a truly scarce to rare coin. The majority of pieces are in the XF45-AU50 range. An accurately TPG XF would probably cost you around $2500 US. A PCGS 61 sold a few years ago through Heritage for $13,800. Do not confuse mintage with rarity or condition rarity. The 1948 Silver dollar has a low mintage but IMO it is the most overrated and overpriced coin in the George VI series. |
|
Pillar of the Community
Canada
2845 Posts |
Quote:
The majority of pieces are in
the XF45-AU50 range.
That's very interesting. So at some point in later years then it was realized the variety was rare, but not immediately. I'm also comparing the $30 which the coin guy quoted to my father in the mid 60s, for example, with the cost in 1967 for a Cenntenial Gold Coin set - an amazing 337,687 sets were sold for $40. |
|
Valued Member
Canada
456 Posts |
The ones I have seen at coin shows have usually been in the Fine to VF range.
|
|
New Member
Canada
10 Posts |
what would you guys grade this at?
|
|
Pillar of the Community
Taiwan
606 Posts |
I should clarify my statement. : The majority seen are in the XF45-AU50 range: I was
referring to the PCGS stats. I will definitely bow to pginrh and his expertise in this
area. If you have a 1947 ML C7 it would be wise to send it to ICCS and then attend a
few coin shows and run it by a few knowledgeable dealers for their opinion.
|
|
Pillar of the Community
Canada
2845 Posts |
Dusting off the 1947s thread. By chance, is anyone actively attempting to collect the 11 die of the Curved and Straight 7 (no ML) variety?  Die 1 - 6 Straight 7, and 7 - 11 Curved 7 2014 Charlton, vol #68, the Special Section at the back featuring King Geo VI 50c contains clear, crisp photos in order to identify each of the 11 different die. A seek and search challenge for sure! Die 10 - characterized by a flat-back 9 Wide date, Straight 4, Curved 7/7 (double 7)  Edited by wildflowerAB
02/23/2017 12:27 pm
|
|
Pillar of the Community
 Canada
5404 Posts |
The usually encountered Grade of 1947 Curved 7 Maple Leaf is Fine to VF. This attests to a certain volatility of circulation.
It is truly a difficult coin to acquire. A nice EXF to AU is a true prize , seldom seen.
Agree with Everest.....the 1948 Canada Silver Dollar is simply a money coin available every coin show in quantity and very overrated.
|
|
Pillar of the Community
Canada
2845 Posts |
Thanks for your insight Pacificoin!
I suppose not knowing the mintage of the ''47 50c curved ML adds another element of intrigue. Mintage is 38,433 for both ML types, however the straight "7" ML variety is very common compared to the curved ML "7". The release was certainly not anywhere near 1/2 and 1/2.
80/20? May still be high but even that would only leave a mintage of 7,600 ML curved 7.
The 1948 SD, mintage 18,780. By comparison, mintage is far higher.
Edited by wildflowerAB
02/23/2017 1:09 pm
|
| |
Replies: 40 / Views: 8,777 |
First Page
Posted 02/22/2016 09:28 am
