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Montreal Bank Tokens.

 
 
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Valued Member
Canada
51 Posts
 Posted 06/04/2016  4:38 pm Show Profile   Bookmark this topic Add Michael367 to your friends list Get a Link to this Message
A bank toke,n similar to, although better quality than mine shown below was listed on eBay at over $300. It not sell (of course?) I had assume mine was a $10 coin at best and had put it aside to give to a young'un if I could find one interested. Am I missing something?



Valued Member
United States
235 Posts
 Posted 06/04/2016  5:14 pm  Show Profile   Bookmark this reply Add PatAR to your friends list Get a Link to this Reply
The token in your original post above matches LC-5A3 and was minted in 1838 according to my 1988 Charlton Catalog of Canadian Colonial Tokens. The wreath on the reverse below DU has a thin line joining the two leaves and, according to Charlton, all such examples have a reeded edge. In Very Fine, the old Charlton catalog values it at $10.00 and my 2016 Krause lists it (Tn4) at $12.50. However, examples which have an "open wreath" (lacking that thin line) are characterized as LC-5A1 if they have a plain edge or LC-5A2 if they have a reeded edge. Krause only mentions there are three varieties, but Charlton identifies them as more scarce than the A3 variety, with the LC-5A2 valued approximately 4 times greater and LC-5A1 labeled as "Rare" suggesting a much higher value.

Hope this helps.
Valued Member
Canada
51 Posts
 Posted 06/04/2016  5:19 pm  Show Profile   Bookmark this reply Add Michael367 to your friends list Get a Link to this Reply
That probably accounts for the difference in prices. Thank you for your hrlp.
Michael367
Pillar of the Community
United States
2548 Posts
 Posted 06/04/2016  7:39 pm  Show Profile   Bookmark this reply Add Circus to your friends list Get a Link to this Reply
You have to remember two things both sellers and buyers on eBay, don't know squat and over price and over pay because it is old and they don't know any better!
Valued Member
Canada
51 Posts
 Posted 06/08/2016  2:15 pm  Show Profile   Bookmark this reply Add Michael367 to your friends list Get a Link to this Reply
I am old. Very old and worth a fortune. Alas, only to my wife and not in dollars
Michael367. Great board. Great people
Pillar of the Community
United States
1957 Posts
 Posted 06/08/2016  8:29 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply

Quote:
Alas, only to my wife and not in dollars


Alas? You don't know what real wealth is -- you have the real wealth.
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