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Great News-- The Value Of Your Canadian Collection Has Increased By 30%

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Pillar of the Community
Canada
2773 Posts
 Posted 09/23/2019  8:35 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
i was also at at a recent coin show, and of course every certified coin, has a price sticker on it of full trends,
Try to offer a dealer 40-60% of trends, see how quickly you are on the , I don;t want to talk to you list..

in closing, if you can buy un certified, coins for 40% of trends, good for you, but then you have to resell them to someone who knows what a coin is worth , without a grading.. and that market is extremely small..
Valued Member
Canada
463 Posts
 Posted 09/23/2019  9:18 pm  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
Silverwolf, I love raw coins and am very comfortable with grading. I use ICCS when I have to and have mentioned before the easiest series to benefit in this is the GV nickel series. Buying raw and then certifying. I have certified two groups in the last year consisting of eight and fifteen coins, all MS coins picked up raw on eBay and certifying mainly MS-63 and MS-64 and I paid in all cases but one less than $20 each. But that series is an exception. It is made for people who can recognize a grade from a picture. But scarce coins come up regularly. Purchased in the last three weeks and all at 40% of trends or less include: 1927 quarter in EF, 1891 SDLL obv. 3 in AU-50, 1885 Small 5/5 in VF-20, 1908 Canadian half in VF-20,1908 Large Date five cents in VF-20, 1886 large cent RP6 in AU-55 and those are just some of the scarcer issues. I don't often agree with a certain Trends editor but he's right on one thing: there is a huge amount of estate material coming into the market now and that flood will only get larger. Don't overpay.
Valued Member
United States
389 Posts
 Posted 01/06/2020  5:10 pm  Show Profile   Bookmark this reply Add justanothercoinaddict to your friends list Get a Link to this Reply
When I saw the title of the thread I began to immediately suffer from a case of, "Oh I Wish That Were True".

I started collecting Canadian coins in earnest in 2005, and those were heady days for the Canadian dollar. I bought the bulk of my expensive coins prior to the 2008 downturn, and when the Canadian dollar was at par, near par or, for a brief period, higher than the USD.

Of course, being from the U.S. and buying at par was the equivalent of taking an automatic haircut of 25% when the exchange rate changed, practically overnight. Factor in the 2008 market collapse and it's a huge ouch for my collection. Under water doesn't begin to describe the value of my collection now.

That being said, I'm still forging ahead, darn the torpedoes. I have about three hundred pieces on my Canadian want list still. I am not seeing evidence of the great bargains that people have been getting though, save for one lonely 1912 twenty-five cents purchase on eBay several months ago.

Pillar of the Community
Canada
2283 Posts
 Posted 01/07/2020  09:24 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply

Quote:
Factor in the 2008 market collapse and it's a huge ouch for my collection. Under water doesn't begin to describe the value of my collection now.


Reason #1 why the market stinks (collector got burned)

Reason #2 from 2008 to 2011 every collector was buying silver and then in late 2011, guess what happened? Silver market cratered and the collector got burned big time a second time.

OUCH!!

Two BIG reasons why the market stinks and probably will not recover until silver hits $50 Canadian, which could be a very long time!
Edited by doubleeagle59
01/07/2020 09:26 am
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