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 Replies: 293 / Views: 45,361 |
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Pillar of the Community
Canada
1571 Posts |
Does that make the farewell to the penny set from 2012 the only penny set to increase or hold its value?
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Bedrock of the Community
United States
10284 Posts |
My Canadian 1 cent collection ended in 2012. No proofs. No reverse cameo specimens. Just the one cent coins intended for and used in circulation. They start in 1858 and end in 2012. I am glad that's over. Best I can tell, I have one of each logo, mint mark, major variety for every year. There's one that haunts me. The 2006 No P - No Logo - Magnetic one cent. I can't justify buying one of these for 25-50 bucks. My Canadian 5 cent collection though, is just the opposite. I have or am close to having every proof and special coin they minted that is a nickel sized coin from 1922 to present, including those intended for circulation. This runs me about $40 buck a year on average for 3 or 4 five cent coins. The Royal Canadian Mint coins I have had, have never really paid off. Most all I have sold, I sold at a loss. Yes they are pretty but count me out. The 5 cent coins are enough of a commitment to keep up with and if I didn't enjoy the series, I'd bail out. I don't collect this one to make a profit. Sometimes you just have to draw the line. If they pull this one on the nickels, I'll throw my hands in the air. This thread is about the 1997 proof 5 one cent coin set so (not) to get back to that, after the small cent set, I got interested in completing the entire Large Cents set, then I dabbled in the Pre-Confederation cents and Half Cents, and completed a type set of those, settled for a Nova Scotia Half Cent since the New Brunswick cost an awful lot. Next I collected a very nice collection of Colonial coppers and brass tokens. A nice history of over 200 years of Canadian copper coinage intended for and used in commerce. |
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Pillar of the Community
Canada
644 Posts |
I had originally ordered this set but cancelled it right away because I knew it would become cheaper at some point. Most listings for the set on ebay are below issue price. The price was way too high to start with, it should have been around $500-600. |
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Pillar of the Community
Canada
659 Posts |
Quote:A Legacy of the Penny set sold yesterday on ebay for $584.59 cdn. with free shipping. http://www.ebay.ca/itm/401282182190?ul_noapp=true A minor correction: Free shipping for U.S. only. For Canadians the added shipping cost would bring the price up to $615 probably, not that it makes much of a difference. |
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Moderator
 Canada
10458 Posts |
I finally bit the bullet and just bought this set from a dealer. I got a 15% discount off the issue price (paid CAN$600)... I don't think I will get it for much cheaper, so I am glad I held out buying this one.
"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
United States
1695 Posts |
Why is Queen Victoria no represented in the set?
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Pillar of the Community
 Canada
9865 Posts |
Because no Victoria cents were struck in Canada.
The set commemorates cents minted in Canada.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
2984 Posts |
Edited by MoneyPenney
07/15/2018 2:01 pm
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Pillar of the Community
Canada
6768 Posts |
I feel it, MoneyPenney
But trough the years we all knew this (and it became more visible recently):
if the coin / set not popular it drops very quick in resale value.
When you still keeping the item in your possession - this doesn't bother you, but in case, when planning to sell....literally the melt value is the bottom limit.
I see on other resource people speak about not to lose on the fees of the marketplace site.
And this so irrelevant, when selling something from old releases. Unless, you don't want to wait years, but to sell promptly, need significantly to drop the price and prepare for big loss.
Selling some coins this period (as wanted couple of years ago to narrow the collection), and I happy , when someone offers ~70% from the price that I initially paid (this is before all fees).
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Pillar of the Community
710 Posts |
 Unfortunately the NCLT market is saturated and there is a huge gap between issue price and what people are willing to pay. Silveroid is right that BV is the floor... and the slow period of the summer is not helping matters. |
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Pillar of the Community
Canada
665 Posts |
On the weekend, the once much sought after 1990 Lancaster $20 and 1991 Silver Dart $20 went under the hammer for $58, $68 after buyer fees. http://www.icollector.com/1990-Cana...rt_i30549304These coins were issued at $55 each in 1990/91. $110 in 1990 is equivalent to $183 in 2018 thanks to inflation http://www.in2013dollars.com/1990-C...8?amount=110. These coins sold for 62% of their purchase price or 37% of their inflation adjusted price. When I look at the current Charlton suggesting a retail of $120-$150 for the Lancaster and $50-90 for the Dart I shake my head and wonder the last time that Charlton actually verified current trend pricing. Although both coins weighed a Troy ounce, since they are Sterling, the actual Silver weight of the two of them is 1.85 Oz Using $20.70 as the current price of bullion silver in Canada, they sold, after buyer's premium for 1.8X Bullion which is a reasonable premium for a proof coin and also consistent in range with what the RCM charge for their gold NCLT product. Clearly with very few exceptions,over time all NCLT will trend to a small multiple over bullion. I would have thought that the Lancaster would have been one of the exceptions. The takeaway is that unless you really like a NCLT coin and want to lock it into your collection, wait 5-10 years or on occasion longer and it will show up in the secondary market at near bullion, especially if the mintage is in the thousands or tens of thousands. |
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Pillar of the Community
Canada
1571 Posts |
What I don't like about this set the most, is it seems to have also brought down the price of the original 5 coin penny set from the farewell to the penny series.
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Pillar of the Community
Canada
6768 Posts |
Quote:
What I don't like about this set the most, is it seems to have also brought down the price of the original 5 coin penny set from the farewell to the penny series You right about price decrease. The 2012 set no more hitting 450-500 price as in it's peak. But CAD 300 is right price to sell fast. Anyway, the item was priced SO correctly by RCM (at that time).... But I think not only the Big set has an influence...it also the item becomes old. All 'after-hypes' are over, and it joined to the group of 'another RCM set' (beautiful though) |
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Pillar of the Community
Canada
1571 Posts |
I'm thinking a making a display for all the farewell to the penny coins, in an effort to make them easier to sell
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Pillar of the Community
Canada
6768 Posts |
The idea of display of this theme is great!
But don't forget about the points:
1. Selling as a lot is harder (specially for expensive items)
2. Some people do not like the fact that the coins have been displayed, due to exposure to the sun light.
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Replies: 293 / Views: 45,361 |
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Posted 03/05/2017 7:48 pm
