Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Auction Lot 927, Wow!

 
 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Valued Member

Canada
180 Posts
 Posted 10/14/2019  12:23 pm Show Profile   Bookmark this topic Add twoods to your friends list Get a Link to this Message
Just checking out the upcoming TCNC auction. Lot 927 is a roll of 1948 dollars, toning matched, 7 are ICCS MS-65, wow, nice lot...

So when this many coins come to the market at once, does this push down the price of the coin?

Curious on everyone's thoughts

Happy Thanksgiving!
Edited by twoods
10/14/2019 12:27 pm
Pillar of the Community
Canada
2268 Posts
 Posted 10/14/2019  1:13 pm  Show Profile   Check Wade's eBay Listings Bookmark this reply Add Wade to your friends list Get a Link to this Reply
If they hit the market all at once individually I could see a blip in pricing. But as these were already known to be in existence I would assume that their population has already been accounted for (market value wise).
If 2 serious bidders get involved it could actually help the historical market price.
Pillar of the Community
Learn More...
United States
2614 Posts
 Posted 10/14/2019  4:24 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
I just hope that they weeded out all the possible fakes .. the most faked Canadian coin in existence
Pillar of the Community
Canada
2162 Posts
 Posted 10/14/2019  5:07 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
I don't think the pricing of the 48 Dollars will be affected at all.
These will easily be absorbed into the market.
Pillar of the Community
Learn More...
United States
955 Posts
 Posted 10/14/2019  7:14 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
That's quite the auction lot! I don't see one roll hurting the market for the 1948. There is plenty of pent-up demand for the higher grades, and I see collectors upgrading if these hit the market. It might draw attention to the series and end up boosting prices.

My wife has already hinted that her EF-40 could use an upgrade. eeep! Needless to say, an MS-65 won't be part of the discussion!
Pillar of the Community
Canada
3082 Posts
 Posted 10/16/2019  12:09 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
That is a lot I would avoid . When you see that yellowish gold Hazy Colouration , it is due to improper storage ( possible PVC) and NOT toning.
If those dollars were sent into PCGS or NGC , I would bet that most would NOT straight grade , and they would recommend Conservation.
ICCS completely misses on this particular hazy issue .
The issue can sometimes be resolved ( if the Gold haze is light ) with a very quick dip in 50 per cent Sudsy Ammonia and Distilled H2O .
Also I looked at all of TCNC pictures , there is one coin with reverse Counting wheel damage and some of the coins are pretty baggy .
PS:
I learned the hard way on an original Tube of 1949 Dollars years back .
Edited by Pacificoin
10/16/2019 12:18 am
Pillar of the Community
Canada
4647 Posts
 Posted 10/16/2019  12:14 am  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list Get a Link to this Reply
I forget where I heard this..but the coins in this roll apparently didn't top out at MS-65...
feel free to call me Will. I'm a 19 year old collector from the GTA area of Ontario.

my PMs are always open, whether you have a question or simply wish to talk.
New Member
Canada
25 Posts
 Posted 11/09/2019  5:26 pm  Show Profile   Bookmark this reply Add Sid Belzberg to your friends list Get a Link to this Reply
Looks like they did not sell. Probably need to be holdered in PCGS if conservation is possible
Pillar of the Community
Canada
2219 Posts
 Posted Yesterday  11:08 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply

Quote:
Looks like they did not sell. Probably need to be holdered in PCGS if conservation is possible


With all due respect, I don't believe that's the reason at all.

Depressed coin market is more like it.
Valued Member
Taiwan
303 Posts
 Posted Yesterday  12:39 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
I would think regardless of market conditions coins of this nature would be more marketable in PCGS slabs,especially higher the grade.
New Member
Canada
25 Posts
 Posted Yesterday  6:24 pm  Show Profile   Bookmark this reply Add Sid Belzberg to your friends list Get a Link to this Reply
"With all due respect, I don't believe that's the reason at all.
Depressed coin market is more like it. "

Respectfully, I do not agree. No one is going to layout north of 100K on a group of coins that have a dubious appearance and
no assurance of not "no grading" with the largest TPG. The first question that would pop up with any serious buyer is why were
these coins not submitted to PCGS? I personally buy the coin and not the holder but I can tell you that I did not like what I saw.
I have seen many 1948 dollars in my life including quite a few 65's and even a 66 and none in 65 or better were as softly
struck as these were.
My father in law has a roll that I assembled for him many years ago and even gifted him some of the coins including a couple of 65s
and they look nothing like these.
The 65 I gave him and the 66 I sold in my personal collection were directly from a former mint employee coming from a nice group one of the
dealers managed to buy. Completely different look!
https://coins.ha.com/itm/canada/wor...ption-071515

Pillar of the Community
Canada
3082 Posts
 Posted Today  8H 27M ago  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Have to concur with you Mr . Belzberg .
Would be very interesting to see how the Conserving of these 1948 Dollars
would turn out .
Based on my professional opinion and experience not too well, is a good guess!
That yellowish haze is very very tricky to deal with .
This lot is certainly not in the positive eye appeal category IMHO .
  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Certified Coins   Certified VAMs   Certified Errors  




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2019 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2019 Coin Community Forums
It took 1.05 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05