1983 Penny (Near Beads - Far Beads) Question ?

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Hello,
Recently I broke out my bag of foreign coins to do some trading with folks from our great family forum. I came across this penny and did a search on ebay for this date. My search was for listings that were already sold. I came across two different listings. The first one was for a "Near Beads" and it sold for $127.00

http://cgi.ebay.com/1983-ICCS-MS66-...ds_W0QQitemZ 200015290779QQihZ010QQcategoryZ3389QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

The other was for "Far Beads" and it sold for $27.00

http://cgi.ebay.com/1983-Far-Beads-...an_W0QQitemZ 290018637112QQihZ019QQcategoryZ3389QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

The question is - What are they talking about? Is it the little dots around the rim on the obverse?

Here is the one I have -

Any help would be greatly appreciated

Thanks,
Tim

I have never heard of that variety. My guess is that it relates to how far the beads are to the rim of the coin, or how far they are in relation to each other. Also, what may also be the case is that both varieties are of the same rarity, and the near beads one simply sold for more because it is MS-66, as opposed to the other one which is MS-65.

All of this information may be wrong, so don't trust it until it is verified.

andrew

Thanks for the reply Andrew.
I will have to keep doing some research to see if I can find anymore info on this.

Tim

Tim,

The two varieties are listed on page 74 of A Charlton Standard Catalogue Canadian Coins 60th Anniversary Issue (2006) by W. K. Cross.

The highest grade both have been given is MS-65. What I don't understand is they both have a price in that grade of only Can$3. Mintage was 975,510,000 total for 1983.

The near/far refers to distance of the beads/dots from the rim.

Hope this helps a little.
Wayne

Edited by Brissyboy
08/24/2006 12:28 pm

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The price reference that I always refer to is the trends section of the Canadian Coin News and they don't show separate prices for that year. I would assume from this that mintage of both types is approximately equal.From your picture I would say that you have the far beads variety.The trends price for an MS-65 example( the highest they show ) is $40.00.

Bill

Because people are starting to collect and pay a premium for highest known the coin is selling for about 6 times its actual value. Numismatic BU means it is from an uncirculated set from the mint and many people don't know what the Numismatic Bu comment means. This is average condition for sets, but because it is MS66 the buyer thinks it is high grade. If it was from a roll I think it would be worth the price.

All this info helps a lot. Thanks everyone. I think I will put this one in the trade box for a later trade one day.

Thanks again
Tim

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