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 Replies: 45 / Views: 5,696 |
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Pillar of the Community
 United States
1812 Posts |
Guess I should have checked out the past forum posts prior to posting this thread (my mistake)...
I do like all your comments on this, and maybe one day we will find this great rarity in a Museum...
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Moderator
 Canada
10462 Posts |
Quote:
I do like all your comments on this, and maybe one day we will find this great rarity in a Museum... That is the whole point of this thread (and other threads), and there is sarcasm deeply laced throughout. That coin is NOT a great rarity. It is a double struck, flip over strike, in collar. If this coin was a silver dollar or a silver 50-cent coin (and not dated 1967) or a Montreal Olympic $5 (as an example), then it would command a serious price of several thousand dollars. But, Canadian 1-cent errors are quite common; while this particular error is uncommon, these coins typically are worth about $300-$500 in mint state condition, less so in circulated grades. I have double struck, flip over strike, in collar, 1-cent coins for at least three different dates from the 1960s, 70s and 80s. Some years, like 1969, are easier than other years to find. Lastly, the Canadian error market is so much different than the US market. The demand, and high prices for errors, are not realized for Canadian coins. Therefore, I don't know a single numismatic museum display out there, that would accept this coin. Die caps comprised of multiple planchets, like this one recently auctioned at the 2012 ANA in Philadelphia, are BIG errors, in my opinion. Now THIS is a museum piece as an error coin... http://stacksbowers.com/Auctions/Au...LotID=370659"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1581 Posts |
@SPP: Quote:
Also a good lesson in 'dead horse beating' (I do not know the source of this image, but it is appropriate!).
An article in a US publication about Canada eliminating the penny and wishing the US would have the guts to do the same, claims there is a place that warehouses unused US cents, and that the employees have posted a sign: US Government Dead Horse Facility Warning: Beating in progress |
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Pillar of the Community
United States
5155 Posts |
I seriously had to do a double take....Is this guy serious?...I mean I don't usually collect modern.....but I must have that coin, something tells me he might except my offer of 20,800....Vietnamese dongs......
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Pillar of the Community
Canada
937 Posts |
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Pillar of the Community
Canada
686 Posts |
Breaking News!
Unfortunately, he didn't accept my $50 offer. He was pleased with my (exaggerated) "compliments" of the coin though. He said he doesn't expect to get $1MM, but that he's been offered $10,000 and would like to outdo that.
Either way, he'll definitely sell this coin at a 25% discount. If you use this information and pick it up for $1MM, I'd appreciate something in terms of a finder's fee for saving you over $300K.
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Pillar of the Community
Canada
5324 Posts |
what would be a reasonable value for this coin?
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Pillar of the Community
United States
5155 Posts |
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Pillar of the Community
Canada
632 Posts |
SPP already replied. IF (big if) the coin is (PCGS)red and high grade, around 300-500 bucks.
The coin in question has a lower grade/colour. I would say 120-200 - have to see it in hand for a more precise valuation
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Pillar of the Community
Canada
686 Posts |
I'm not an error collector, but if I could buy it for $100, I would. I'm sure someone would pay more though. SPP knows what he's talking about with errors, I'd trust his judgment that it would be under $300.
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Pillar of the Community
Canada
632 Posts |
Nobody, who knows errors, said this coin is not a nice error. I would like to have it. The whole issue is the price and, better, the description.
For an error collector, posting it as a flip strike, double strike in collar, would suffice. He should start the auction at 0.99 or even 10.00 and it will sell above 100/120. I would be one of the bidders.
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Pillar of the Community
Canada
5324 Posts |
thank TY, I missed part of SPP reply regarding the value of this type of error,this coin is a neat error but due to condition, I agree with your value . there is a really rare 2000 50 cent ms66 67 graded, struck on a Sacagawea dollar planchet sold on heritage auctions for around 4000.00, this is a rare and beautiful piece. |
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Pillar of the Community
Canada
632 Posts |
I think you are referring to the twoonie on a Sacagawea planchet. Sold for more than that, and I was the underbidder. (A 50c on a Saca planchet HAS to be a backdoor job and PCGS would never slab it)
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Pillar of the Community
Canada
5324 Posts |
this is a golden 50 piece, 2000 canada 50 struck on sacagawea planchet pcgs ms 64 sold sept.,14,2006 hertiage auctions. I believe RCM was stricking Sacagawea dollars for the state due to yk2 fears and this was aleft over blank that became a canada 50 piece. |
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Pillar of the Community
United States
1812 Posts |
I would have priced this at around $100 max (on a good day)...
I also have a large collection of World Errors that my granddaughter will inherit for her college education (she's 7 now) and set up a facebook page showing 30 photo Albums of the Coins seperated into Countries of origin... I only have a few Canadian errors and found some really nice Canadian errors in this forum...
I'm not sure if it's allowed to post the facebook link here for those interested in viewing what will enter the market when the time comes, and in the meantime hope she will want to keep the coins and add to the collection...
This collection does contain some true unique (one-of-a-kind) errors, but none are valued at 1.35 million dollars...
Also, I do not know the Tax Laws in Canada, and what they charge for inheritance tax should this seller die... In the USA if you placed a value of 1.35 Million on a single coin, then died, the family would have to pay the IRS the tax amount due on the coin...
If Canada does have an estate tax on values of the deceaseds estate, maybe someone should warn this seller of what his family is in for should he die, as he himself has documented the value of this at 1.35 mil...
Your thoughts?
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Replies: 45 / Views: 5,696 |
First Page
Posted 08/16/2012 12:47 pm
