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5 Cents 1932 ( Varieties : Far 2 And Near 2 )

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Pillar of the Community
Canada
686 Posts
 Posted 08/08/2012  3:13 pm  Show Profile   Bookmark this reply Add jg86 to your friends list Get a Link to this Reply
I agree with Zonad. If you have anything substantial change, post it, but it seems like daily you are posting the latest number, which has nothing new. Assuming the coins are from a random sample (which they're not), then the 95% confidence interval for Far 2s is 0.56% - 1.34%. If the number leaves that range, I would care, but whether it's .95%, .78%, or 1.2%, I don't care. You've established it's rare. I'm probably one of the most interested in this of the people on here, but the posts are too much.

I do hope you get somewhere with it. But I don't think updating the stats daily on this forum are helping your cause. Everyone on here knows about this variety, and that's really all you can hope to accomplish on here. Take one of your CCCS graded coins and put it up for auction in the October Torex. Inform TCNC what it is (if they don't know) and tell them the stats, so that they describe it well. That could get some more interest in the coin. Put one on ebay with an outrageous Buy It Now... I'm sure most people on here are aware of the "Unique" 1996 McIntosh dollar with the Matte finish for this reason. If you can get the market moving on these coins, that is probably your best chance to get them recognized.
Valued Member
Canada
402 Posts
 Posted 08/08/2012  4:52 pm  Show Profile   Bookmark this reply Add za75 to your friends list Get a Link to this Reply
Hi jg86,

I only search more data, with the participation of collectors !

I don't see where is the problem

If dealers don't like it......, nobody is constrained to follow this topic
Valued Member
Canada
402 Posts
 Posted 08/09/2012  4:03 pm  Show Profile   Bookmark this reply Add za75 to your friends list Get a Link to this Reply
To Zonad and jg86,

Can you explain me for what :

- from coincommunity, canadiancoppercoins and canadiancoin, I obtain only 196/2423 data = 8 %

and

- from numicanada, I obtain 2227/2423 data = 92 %

Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 08/09/2012  4:31 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Add another common one to the count - I found one of my other 32s today and it is a near 2
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Pillar of the Community
Canada
686 Posts
 Posted 08/10/2012  6:45 pm  Show Profile   Bookmark this reply Add jg86 to your friends list Get a Link to this Reply
za75 - There's a million reasons why you could have received more data from numicanada than the others.

Maybe there's more members on numicanada than the other sites. Maybe you posted it on numicanada first, and anyone who later saw it on another site didn't reply because they're already contributed. Maybe one or two members on numicanada hold a significant number of this year. Maybe numicanada members are more likely to collect George V coins. Maybe numicanada members are more likely to collect nickels. Maybe numicanada members are more likely to collect George V nickels. Maybe numicanada members have more interest in varieties like this. Maybe numicanada members are nicer and more willing to look through their coins. Maybe numicanada members have more initiative to purchase these coins and collect data. Maybe numicanada members are lying about their results.

I could honestly keep listing reasons why this could be, but they're all speculation. I'm sure I hit on some of the reasons though.
Valued Member
Canada
402 Posts
 Posted 08/11/2012  03:55 am  Show Profile   Bookmark this reply Add za75 to your friends list Get a Link to this Reply
- First : thank to Earle42 to your data, this is one more step !

- Second : thank to jg86 for your answer to my question, I am very happy ! I agree with you when you say : " I'm sure I hit on some of the reasons though."

jg86, in your message of 07/24/2012 3:24 pm, page 6 of this topic, you say : " I just bought four rolls of 1932 nickels to help with your data collection. I only found one far 2 of 160 coins ". And at 6:23 pm, same day, you present a nice photo of this " Far 2 " !

I imagine that the fact to find 1/160 " Far 2 " was a great pleasure for you, much more than if you had found 25/160 " Far 2 " !

I wish to all collectors, that like the feeling to discover a rare variety, to search in their coins ( 5 cents 1932 ), in the coins of dealers and in the coins of their friends : very interesting challenge !
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ikandiggit's Avatar
Canada
1166 Posts
 Posted 08/13/2012  07:33 am  Show Profile   Bookmark this reply Add ikandiggit to your friends list Get a Link to this Reply
za75- I just picked up a bag of 100 or so of 1932 nickels. I'll go through them tonight and post the results tomorrow.
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 08/13/2012  08:14 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I wish I lived near the border again so I could find a large amount of these to go through. The hunt is the fun part. If one of you gets an extra, let me know if you would be willing to trade and how much you would want so I could decide. It is tricky to put value on something like this. I now from experience. Sometimes no matter our efforts, the rare simply stays that way and no one seems to care. In my other hobby I have a couple two-of-a-kinds and 3-or4- of a kinds that command no great premium.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Valued Member
Canada
402 Posts
 Posted 08/13/2012  09:37 am  Show Profile   Bookmark this reply Add za75 to your friends list Get a Link to this Reply
Earle42, you say : " The hunt is the fun part. " For me, in this hobby, the hunt provide me too, a great pleasure

ikandiggit, I wish you to be lucky with your search, in the bag
Pillar of the Community
ikandiggit's Avatar
Canada
1166 Posts
 Posted 08/14/2012  09:55 am  Show Profile   Bookmark this reply Add ikandiggit to your friends list Get a Link to this Reply
All 102 were near.
Valued Member
Canada
402 Posts
 Posted 08/14/2012  11:04 am  Show Profile   Bookmark this reply Add za75 to your friends list Get a Link to this Reply
ikandiggit, thank you very much for your data

Following data from this site and numicanada ( six members ), I obtain 132 new data for 5 cents 1932 : all these 5 cents 1932 are " Near 2 "

So we have now : 23/2543 = 0.90 % for the variety " Far 2 " .
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 08/15/2012  1:50 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
FYI

http://www.icollector.com/5-Cents-1...af_i13484803

Much too expensive, for a VG-10 grade, in my opinion.
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Edited by SPP-Ottawa
08/15/2012 1:50 pm
Pillar of the Community
dialog_gvf's Avatar
Canada
1581 Posts
 Posted 08/15/2012  2:18 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
Agreed.

The stats seem to indicate ~1%, which would mean ~30000 were minted (one die).

As a rough starting point, we could put it at the same order of magnitude as the 1936 dot 25c. That would mean a VG-10 would have the value of ~$50. $250 is completely delusional.

But, maybe one day it will pick up the cache of the 1926 far (VG-10 ~$180).

Anyone seen any estimates for the number of 1926 far produced?
Pillar of the Community
Canada
686 Posts
 Posted 08/15/2012  2:23 pm  Show Profile   Bookmark this reply Add jg86 to your friends list Get a Link to this Reply
Thanks SPP for sharing. Whether it sells or not, who cares. For za75's sake, I'm glad to see this is out there. More people will become aware of this variety, and determine whether or not it is something of interest to them.

SPP - If we made a wager today on what this coin would be worth 5 years from now, what would you put it at in VG-10?

I bought my rolls (of F-VF coins) for $10 each, but ebay prices indicate to me that maybe $20 - $30 per roll is a more normal price. At $25 per roll (62.5 cents per coin), one would have to spend around $70.00 to expect to get a Far 2. Because of that, I would have to put a cap on the value of an "average" 1932 far 2 at $70.

However, if people begin seeking these, the price of 1932 rolls will go up, and if the odds of finding these coins doesn't change, that cap could go up.
Pillar of the Community
dialog_gvf's Avatar
Canada
1581 Posts
 Posted 08/15/2012  2:31 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

^^^ Good way of measuring the value. Cost of acquisition through discovery.

What is the average grade of a circulated roll?
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