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Whats your opinion of this 1948 Canadian $1

 
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Valued Member
Canada
494 Posts
 Posted 12/04/2017  9:34 pm Show Profile   Bookmark this topic Add TheBurnz to your friends list Get a Link to this Message
Hey guys, Let me know your thoughts on this coin. I will be bidding on it, in a upcoming auction. They are stating its MS-62 in a un-common slab.

I believe it has been cleaned. Looking forward to your opinion and what you would pay for it?

Thank you in advance. I'm currently at $450

Pillar of the Community
Canada
529 Posts
 Posted 12/04/2017  10:36 pm  Show Profile   Bookmark this reply Add johnnysprawl to your friends list Get a Link to this Reply
I agree it has been cleaned.

For me, personally, I would stay away...every time I'd look at it I would know it was cleaned.

And it will be harder to sell in the future if need be.
Valued Member
Canada
341 Posts
 Posted 12/04/2017  11:28 pm  Show Profile   Bookmark this reply Add aghawk to your friends list Get a Link to this Reply
Hard to tell from the photo - hoping this looks better in hand . . . Don't know if I will ever own a '48 but if I were to acquire one I think I'd spend the extra $$$ for one that I feel really good about.
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Canada
7253 Posts
 Posted 12/05/2017  01:05 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Not only has it been cleaned but it looks like it has been either mounted or encased.

"Dipping" is not considered cleaning...
-from PCGS website
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United States
1455 Posts
 Posted 12/05/2017  01:45 am  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
I usually don't comment on Canadian coins since I have a limited knowledge, but this coin has many problems.

Also, as DBM mentioned, it probably was a jewelry piece at one time.
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Bedrock of the Community
United States
11128 Posts
 Posted 12/05/2017  02:49 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Also looks AU
Valued Member
Canada
125 Posts
 Posted 12/05/2017  08:21 am  Show Profile   Bookmark this reply Add arvan to your friends list Get a Link to this Reply
Look at all those micro abrasions :( That is too bad. Just from eye appeal alone I would stay away (not that I remotely have that kind of money though lol).
Valued Member
Canada
264 Posts
 Posted 12/05/2017  09:22 am  Show Profile   Bookmark this reply Add Andy888 to your friends list Get a Link to this Reply
AU details. ugly coin though since its been harshly cleaned. I would stay away from it unless I got a crazy deal on it. pity when you see a rare coin like this thats been mistreated.
Pillar of the Community
Canada
662 Posts
 Posted 12/05/2017  11:59 am  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
Cleaned AU 50 or lower, not MS62 if that needed to be said.
Bedrock of the Community
Canada
10487 Posts
 Posted 12/05/2017  3:27 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
IMO, that coin is not worth what it's going to get..and, if your price is $450, I wouldn't go any farther.
True North
Pillar of the Community
Canada
1684 Posts
 Posted 12/05/2017  4:10 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
I am not an expert, but with all those rim dings at 10 & 2 o'clock, along with all the wear/ scratches I would not consider this ms anything AU at the best, but I would not want to buy this coin in my opinion, unless it was a really good deal.

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United States
30305 Posts
 Posted 12/05/2017  4:32 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
AU details, harshly cleaned. Not a fan.
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United States
23519 Posts
 Posted 12/05/2017  5:40 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
"Uncommon" slab in what sense? In most cases, that would be defined as "untrustworthy."
Pillar of the Community
Canada
2115 Posts
 Posted 12/05/2017  6:11 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
Terrible coin....stay away.

On the plus side, any 1948 for $450 is worth it, but no way it'll sell for that amount.

Probably go for $800 to $1200 but consider yourself the lucky person who won't go home with it in your pocket.
Pillar of the Community
Canada
2510 Posts
 Posted 12/05/2017  6:26 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
Who is the grading company? I don't think any reputable grading company would give this coin MS62.

On the other hand, the Charlton catalog gives the following value for the 1948 SD:

VF20- $1200
EF40 - 1400
AU 50 - 1600
MS 60 - 1800
MS 62 - 2200

Looking at finished eBay prices, the ugliest 1948 silver dollars go for over $1000. Here are some finished prices - $1400, $1248, $1158, $1475, $1310 for low and ungraded coins. Not a single coin sold for less than $1000.

If you can get it for $500-$700 you can easily flip it for a profit. You could easily sell it for over $1000.
But don't pay anything near or over $1000 for it.




Edited by MoneyPenney
12/05/2017 6:39 pm
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United States
30305 Posts
 Posted 12/05/2017  6:43 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I just don't think you'll ever be happy looking at this coin, whatever the price.
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