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Just Bought My First Coin!

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TheCoinGeezer's Avatar
United States
117 Posts
 Posted 06/13/2012  7:37 pm  Show Profile   Bookmark this reply Add TheCoinGeezer to your friends list Get a Link to this Reply
#1: Welcome
#2: You paid too much. Not WAY too much but too much nonetheless.
#3: If you are going to collect Canadian coins, get a Charlton Catalogue or the Haxby "Coins of Canada" catalog and read it from cover to cover.
#4: Canadian Coin News (CCN) is published every 2 weeks and contains a "Trends" section with coin prices. They'll even send you a free issue if you ask.
#5: Join the Royal Canadian Numismatic Assn. ( RCNA) and take their coin collecting courses. They also publish a Journal 10X a year. Write to them and they'll send you a recent copy.

At any rate, I've dealt with that seller (Coin Cabinet) before and they are extremely reputable and, in my experience, deal in high quality coins, so no worry there.
Before you spend any more money, I'd urge you to learn more about what you are buying first.
Good luck!
Edited by TheCoinGeezer
06/13/2012 7:42 pm
Valued Member
TheCoinGeezer's Avatar
United States
117 Posts
 Posted 06/13/2012  7:49 pm  Show Profile   Bookmark this reply Add TheCoinGeezer to your friends list Get a Link to this Reply

Quote:
seems overpriced based on 2012 volume 66 Charlton. Which lists 1913 $5 VF-20 $400, Yours is VF-30...but for $450 Charlton lists AU-50. Great looking coin though and welcome!

In my experience lower grade (VF and under) Canada $5 gold coins trade pretty much at slightly over bullion value.
Valued Member
barriecarson's Avatar
Canada
370 Posts
 Posted 06/13/2012  9:07 pm  Show Profile   Bookmark this reply Add barriecarson to your friends list Get a Link to this Reply
Got to love the gold coins. Great first buy!
Valued Member
Canada
68 Posts
 Posted 06/14/2012  03:33 am  Show Profile   Bookmark this reply Add joboman to your friends list Get a Link to this Reply
thanks guys! will be a while before my next big buy.. gotta save up! where do I find the best deals!?
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SPP-Ottawa's Avatar
Canada
10463 Posts
 Posted 06/14/2012  07:33 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
where do I find the best deals!?


Coin shows, and coin show auctions. Also, seeing the coin before you buy it is nice....
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Pillar of the Community
chequer's Avatar
Canada
4227 Posts
 Posted 06/14/2012  08:20 am  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
Coin Cabinet is fine to deal with... good coins (the father is ex-RCNA president, multiple times). You do pay full price on the internet though, so it's rare to get a deal.
Pillar of the Community
kuh_85's Avatar
Canada
2366 Posts
 Posted 06/14/2012  11:54 am  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
You can find some deals here in the sales section once you get to 50 posts. ebay can be good but you HAVE to be patient, do your home work, and walk away if it gets too expensive. A good relationship with a local dealer helps; particularly if they have a clearance bin. And joining a coin club or finding a network to buy/trade with.

Don't rely on annual catalogues for more than a general price guide; prices are volatile for many coins. As previous posters have mentioned, use CCF Trends, http://www.coinsandcanada.com/coins-prices.php, and search completed listing in ebay for more up to date information.

My first buy was a 1943 British 3d for about $2. I bought it just so I could say 'Thruppence!' to my kids.
Pillar of the Community
Wade's Avatar
Canada
2781 Posts
 Posted 06/16/2012  12:58 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
is that really only VF30?
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Petersun's Avatar
Canada
1700 Posts
 Posted 06/16/2012  6:45 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Well, next time just borrow a catalogue from the library. I know that some prices aren't as accurate as expected, but they still help a new collector.

WELCOME after all.
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RoyalSilver's Avatar
Canada
933 Posts
 Posted 06/16/2012  7:17 pm  Show Profile   Bookmark this reply Add RoyalSilver to your friends list Get a Link to this Reply
@wade....exactly what I was going to say, looks like it should be higher than VF-30.
Valued Member
Canada
68 Posts
 Posted 06/20/2012  6:09 pm  Show Profile   Bookmark this reply Add joboman to your friends list Get a Link to this Reply
Just received the coin.. definitely looks higher than VF-30.. looks almost uncirculated and the details are almost perfect as well as original lustre. I'll take pictures later, I'm obviously no expert at grading..
Valued Member
Canada
74 Posts
 Posted 07/03/2012  6:50 pm  Show Profile   Bookmark this reply Add Minhsun to your friends list Get a Link to this Reply
well ~ $450 Is Not Too much compare where you bought it .

Seller Need to pay ebay and Paypal the "Final value Fee" on the item they sold. it's about 15%

so basicly you bought an item thats valued around $382. Seems Good to me.

But you can probably Save up around $50 For contact buyer to trade face by face or through Paypal Invoice only.
New Member
United States
28 Posts
 Posted 07/07/2012  11:11 am  Show Profile   Bookmark this reply Add CoinChick to your friends list Get a Link to this Reply
That's a good looking coin and I agree with everyone that the premium that you paid for it isn't bad.
Welcome to collecting!
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 07/07/2012  11:03 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I also strongly feel that it is poorly graded at VF30.

The reverse is slightly better than the obverse.

Overall, at least some sort of low EF grade.
Valued Member
Canada
68 Posts
 Posted 07/08/2012  04:21 am  Show Profile   Bookmark this reply Add joboman to your friends list Get a Link to this Reply
Took it out of the holder and into a 2x2, grade away please! Not great at taking pictures..

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