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Pillar of the Community
 Canada
1442 Posts |
Well...it seems like the EF40 I got for $1k was a steal! There is of course the "more common" 5c 1965 large beads detached jewel in MS63 on ebay for only $3150 ;)... |
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Valued Member
Canada
212 Posts |
danlos9551:
Like I said it is not a bad coin to own and will most likely keep going up in value over the next decade. But I have a hard time seen the nicest one ever going over 10 000$ yes still a good investment value wise. But as a legendary coin no never and a 100 000$ that will never happen. Don't get me wrong enjoy your coin and yes it will increase in value because right now people like that coin. But remember varieties can change over night and bang no one wants it anymore. Rare DATES are always well collected. I would suggest a 1889 or a 1893 round top 3 10 cents. Or a 1870 no LCW or 1890H 50 cent piece in low grade those are more popular and have good potential.
I am WELL aware that the vast majority of people do not have the money to buy a 1921 5 cent (this coin is a good investment in AU or above but as lower grades well they are easy to locate and buy and most people who want one already own one so they max out they lower again then over time go back up then the cycle continues) in high grade or a low grade 1921 50 cent (better coin to own because they only come up for sale once every few years and mint state examples only come up for sale once every about 10 years so people who want to own one must take advantage of a sale when one does come up or pay the price of waiting another couple of years) piece but there are other semi key dates like the ones I mentioned that do well and are fun to collect. High graded pennies like top 1 or 2 population known examples are also a good way to go. The 1 cent collector base is HUGE. Do not over pay but that is a good route to go. The 10 cent series is not a widely collected series people are not interested is such small coins. Yes the key dates are good in this series.
Edited by Matrix1980
05/18/2011 3:09 pm
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Pillar of the Community
Canada
1442 Posts |
Interesting...thanks for the thoughts!
As for the 1969 dime, the problem with that coin, is that the "entry" into ownership is $12,000+...
Not only is that too much for a modern coin, it shuts out 99.99% of the market. I would pay $1000-$2000 for a beaten-up one, but I can't get one.
Also, it has no story. The 2000Ps (I own a dime in MS66)...have a background story that is interesting...and entry into ownership is still ~ $1000 for a 2000p dime MS63.
I may never own a 25c or 50c, but I own a 10c and it keeps me interested in them as a group.
And you're right, the 1921s benefit from being THE rarest circulation coins (non-variety)...but also from having an entry into ownership in the $3000 range...
That allows most collectors to at least be able to imagine owning one...even if its a 1921 5c in G4 :)...there's a background story there too :).
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Pillar of the Community
Canada
1442 Posts |
btw...wouldn't 1893 round top 3 and 1965 large beads be in the same category (only difference being one is modern, the other is not)...
as both are intended design varieties...as the design changed within the same year? :)
...its not like a die crack or extra waterline ;)
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Pillar of the Community
Canada
1051 Posts |
The RT3 is a genuine, scarce variety. The LB 5c is scarce, but like some other coins, the origin remains
a bit of a question mark, and some people frown upon that. The 1992/1993 25c mule is about the most rare Canadian coin there is: total population 1. Scarcity is a factor, but not the only factor.
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Pillar of the Community
Canada
1442 Posts |
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New Member
United States
11 Posts |
Good Job Danlos9551,
I wonder what I could get for mine. They took my post down. I did not know I could post the same item in more than one message board when it was in regard to the same subject. I post a iphone picture of my attached jewel somewhere on these message boards.
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Pillar of the Community
Canada
1442 Posts |
Wash5...what's the grade of your 1965 attached jewel? I have mine up for sale on ebay now for $4500. Its an ICCS EF40...yours would be the 5th known. |
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Pillar of the Community
Canada
1733 Posts |
I'm pretty sure someone is holding more than five. When some of these old farts croak those pop reports are going to take some serious beatings.
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Moderator
 Canada
10463 Posts |
Quote:
...yours would be the 5th known So very true Ugly, I know of one collection that has at least two in mint state. Again, I defer to Carl Sagan, "Absence of evidence is not evidence of absence"... "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
Canada
1442 Posts |
"at least two in mint state"....attached or detached jewel?
There's plenty of mint state "detached jewel" 1965 large beads kicking around....
"My uncle's grandma's childhood friend's brother has a dozen of these"....
Love anectodal evidence...lol
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Pillar of the Community
Canada
834 Posts |
I have about 15 rolls of 1965 nickels I've pulled from circulation for bullion, guess I should check these coins for this variety
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New Member
United States
11 Posts |
Hey Danlose9551,
It is MS65 or better. I have not had it certified becasue I have not looked to sell it. It is really nice.
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Pillar of the Community
Canada
1733 Posts |
I agree with SPP's Carl Sagan quote myself. I just mention this in passing as a consideration to what should be a risk management strategy for collecting in the face of a couple of factors ; generally falling prices and the boomers beginning to see the sod from the other side thus causing liquidation of their third and fourth generation collections. Gold pieces have experienced this a little less intensely it seems.
I think the concepts (not necessarily the reality) of modern manufacturing and duplication capabilities have also taken their toll on collections. As I continue to liquidate the less than best pieces I have the prices have continued to trend down for most, but not all types over the past few years.
Now is a great time to buy if you're building up compared to prices in the recent past though. I'm just edgy when it comes to adding even a couple more pieces to a pop report. It seems to really swing the prices as more people await a potential small hoard being released. Tough market to sell in, maybe just the easy access to information is a big part of it all now that you can see at a glance online auction and many dealer inventories.
People are more cautious about parting with money in the face of all these things.
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Pillar of the Community
Canada
1442 Posts |
Honestly...Canadians right now are in debt up to their eyeballs...debt is at the highest level, historically speaking... that means, no disposable income to buy coins, as most money goes to servicing the debt... add the inflation scare driving the masses into bullion at silly levels... and I'm shocked the coin market is holding up as well as it is... I'm building a Victoria 50 cent collection in AU, with most pieces under $1000. I suspect I would not have been able to do that just 3-4 years ago... Prices may drift even lower...but probably not a bad time to be buying top 10 or top 20 graded pieces at significant discount :) I'm really looking forward to more boomers kicking the bucket and their grandkids liquidating their 40 year old collections :)... right now, there isn't enough high quality material out there...   Edited by canadian-varieties
01/06/2012 12:24 pm
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Posted 05/18/2011 2:31 pm
