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 Replies: 60 / Views: 7,390 |
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Pillar of the Community
Canada
1984 Posts |
Maybe they will be worth more than melt if he starts to stamp JOP instead?
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Pillar of the Community
 Canada
2495 Posts |
I guess I should explain my reasoning for my intial post. I find it troubling mainly for two reasons: One, although I'm not 100% sure of this, I do believe it's illegal to counterstamp Canadian currency. Two, the fact that these are sold and promoted as a 'limited edition' or '1 of only 300' and therefore sold as some sort of collector's item that will have an appreciated value in the future is somewhat misleading. Although not stated as such in the ebay listings, at ON coin shows they have been promoted as a limited quantity that will have future value. I get the feeling we'll be seeing a lot more of these 30 tonne pressed coins in the future from this source with each new Canadian anniversary of some event. |
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Pillar of the Community
Canada
891 Posts |
Personally I don't like it. Just another "Collectable" scam. I wouldn't give one cent for one. My humble opinion  Edited by oldmike
12/29/2016 10:14 am
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Rest in Peace
United States
17900 Posts |
 with OldMike. Created junk. |
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Valued Member
Canada
413 Posts |
Quote:
It would have been nicer, for example, if the cent had been encased in a ring that had the commemorative information around it. Even better from a commercial point of view, and with no damage to the coin, would be having the coin in a plastic blister with a short informative story on the cardboard I think something like this would have been more appropriate - They just ruined that penny in my opinion |
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Pillar of the Community
Canada
1461 Posts |
I understand the purists but I honestly I don't mind the counter-marks. Large cents in this condition retail at $1-$2 and are abundant. Although I don't personally find these attractive or intriguing, I think "art" or "themes" and the value associated with them is open to interpretation as any other creative thought. Many things are done with old coins these days (and some modern bullion coinage as well). Bracelets, rings, colour, etc...I think in some ways it keeps coins and the history in the public eye. I know a guy who sources older coins for bracelets and sells out what he makes over the winter at the Kingston flea market every year. Many people never knew what a large cent or a pre 1920 5 Cents looked like. A fare as the price, $25 bucks might be a little steep, but the public spends millions of dollars every year on RCM products that are worth less than %50 of the original price within a year. To each is own I say.. Edited by TheCoinHunter
12/29/2016 11:33 am
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Pillar of the Community
Canada
1463 Posts |
I'm with coin hunter. I think all sorts of counterstamps are interesting. And who knows, maybe in 50 years these will be collectable. And 25$ it's not a big deal. 100 year Vimy, I think that's really cool!
I do like the encased idea too.
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Pillar of the Community
Canada
5324 Posts |
The reason most large companies do what ever to protect their copyrights is to prevent similar situations as like tis one, if you don't actively go after the obvious complete overseas fakes and the less distinct colour versions you end up with stuff like this. I agree with many that these are ugly and why would you spend 30.00 bucks and shipping, plus HST on such items.
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Pillar of the Community
United States
1373 Posts |
Over-all, I do not like them too much.
Depending on what is stamped (various topics) I would be interested in picking some up as conversation pieces at $1.00 apiece; but not higher. On the other hand, I'd gladly buy the original 'un-stamped' coins at a higher price.
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Pillar of the Community
United States
1609 Posts |
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Pillar of the Community
 Canada
2360 Posts |
Here is another from same dealer advertised in NumisNotes Volume 07, Number 12, Issue 54 December 2016.  Edited by SilverDon
12/29/2016 1:05 pm
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Valued Member
Canada
243 Posts |
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Pillar of the Community
Canada
1505 Posts |
I don't think I would buy it, but the last one is not that bad and is reasonably creative. Though I am not sure how it would look in hand with most of it being raised and some info being stamped into it.
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Pillar of the Community
Canada
1159 Posts |
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Valued Member
Canada
148 Posts |
I don't like them personally! As mentioned, by law, it is illegal to deface Canadian Coinage but that aside I believe we will see a flood of these, just stop and think how much for a 300 ton press. Mid to high five figures maybe....but that came be amortized over a number of years but the dies are not cheap and would require a large number of stamped coins to at least cover the cost. Maybe he is marketing his ability to do this to companies who would be interested in the advertising potential in this. Whatever their business plan a downhill slope in my opinion. As for the silver dollar Alec Coville would roll over in his grave....sad.
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Replies: 60 / Views: 7,390 |
First Page
Posted 12/29/2016 09:14 am
