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 Replies: 6 / Views: 849 |
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Valued Member
Canada
90 Posts |
Hey all, I have been on here a bit, but still only a couple months into the hobby. I have been very fortunate to come across these rolls. I have 2 X 1983 Canadian Penny rolls. I assumed the near meant the beads together, so jumped the gun on that last post and need to amend that. I have not dare do anything other than observe them as is gloved hands etc, kept in a ziplock bag. Same with the 5 X Canadian 1 cent rolls1990 rolls. My question is, what do I do with these? I am not qualified to roll back the 1983 to view as I am worried I will devalue them. And I would not know exactly what to look for. ( and can I find a 1983 in my ton of pennies to compare, nope, lol ) Any advice on this matter would be appreciated. Cheers, Matt    |
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Pillar of the Community
United States
1998 Posts |
I would leave them in the rolls, I believe that is where the value is. Canada as you know stopped minting pennies in 2103. I believe UNC wrapped rolls would bring more of a premium.
"LOVE THE HUNT!"
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Pillar of the Community
Canada
1861 Posts |
These are both desirable dates. The plastic ones are from the mint. The others were rolled by Loomis, so they likely have had more processing and the grades may be impaired. These are most valuable to collectors interested in finding top grade cents for certification. Unless you want to go down that route I would probably sell them and put the funds into your collection. These rolls are worth $20 + each. Look here: http://goccf.com/t/441988Edited by Smallcentguy
03/31/2023 6:17 pm
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Valued Member
Canada
90 Posts |
I'm still waiting for my 2103 coins, you get yours yet? LOL
Just kidding, I believe so as well.
However is there no value in breaking up the coins, grading, and then selling? Longer time I know, but I was thinking even if there are only a few MS66 that value would be higher. I ask only because of the obvious I see, and may be missing some element of that process where that is not the case.
But cheers and thanks for the reply, definitely a lot to learn.
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Pillar of the Community
Canada
1861 Posts |
You can try, but if you are new to this you will very possibly send a bunch of coins to ICCS at $14.50+ HST each and end up with perhaps a 66 or 2 but then a bunch of expensive 64s that are unsellable.
If I were you, I would only do this after studying a bunch of ICCS coins carefully so you know what to look for. I have probably sent off like 1000 cents or more for certification and I still make mistakes. Not as many though!
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Pillar of the Community
Canada
1441 Posts |
There have been 2 MS 66 penny's sold in last month on ebay graded by PCGS and ICCS. 1 at $30, 1 as BIN for less than asking price of $60.
As mentioned, you would be lucky to get 1-2 MS 66's a couple MS 65's and the rest 64's and 63's. The MS 66's will probably sell reasonably quick, but the rest will be a long slog at below cost of grading. In short, unlikely to be a profitable venture, unless you identify the few high grades and they come back as such, but afterwards you have a bunch of loose pennies that will be hard to sell.
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Valued Member
Canada
471 Posts |
I would leave them in the rolls. I am unsure when the RCM started rolling coins, but those loomis rolls could be that way becasue the mint was still issuing them by the bag (I have at least one of those bags tucked away here somewhere). |
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Replies: 6 / Views: 849 |
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Posted 03/31/2023 6:16 pm
