Newbie Question, I Have No Idea What I Am Doing

To participate in the forum you must log in or register.

Author	Replies: 2 / Views: 1,240
ShinyThings New Member Canada 1 Posts	Posted 01/30/2012 5:07 pm Hi everyone, I am new to coin collecting and this forum. I have only recently gotten into buying Cdn coins and mostly I buy different sets and series from the RCM. My goal is to one day pass along the collection to my daughter once I have assumed room temperature. Without a heck of a lot of thought I just bought 10 sets of 2001 specimen complete with packaging and COA. The stock market me says the retail value was $500 so buying 10 sets for $150 is a good deal. Now, what can I do with my sets that would generate a return of the money? I would like to keep one set for my permanent collection with maybe one or two spare sets. Any thoughts are great. Cheers! Report this Post to the Staff

commems CCF Master Historian of USA Commemoratives United States 12300 Posts	Posted 01/30/2012 5:49 pm I'm not an expert on these sets, but in a quick check on ebay I found where the last 2001 Specimen Set to sell went for $16.40. I also checked a couple of dealer websites and found that one listed the set for $20 and the other for $13.95. If these prices are representative of the current market, you will likely need to hold onto your sets for some time before they show an appreciable increase over what you paid ($15 each). Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
coinvet Previously Banned Member 107 Posts	Posted 01/30/2012 6:21 pm The original issue price on this set was $39.95 but most of these sets now sell for about half of the issue price. However, @ $15 per set you paid a reasonable price if you wanted a set for yourself. Realistically, do not expect to make much money on your investment. Do not expect get more than $20 or $22 per set. If you sell them on an auction site like ebay, for these prices, after you pay ebay fees and Paypal fees, you should break even. Good luck! Edited by coinvet 01/30/2012 6:28 pm Report this Post to the Staff
	Replies: 2 / Views: 1,240

To participate in the forum you must log in or register.

All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

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 - 2026 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

It took 0.24 seconds to rattle this change.