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1929 Canada High 9 Cent

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Pillar of the Community

United States
593 Posts
 Posted 08/22/2012  9:57 pm Show Profile   Bookmark this topic Add santafeboy to your friends list Get a Link to this Message Number of Subscribers
Until sunday I never noticed the high 9 cent as a relatively recent discovery in the Canada Coin World. According to coinsandcanada they have a fairly high value. My question is how was this value arrived at? Is there some estimation or relatively known amount of how many were minted. I found 1 on a website ( not ebay ) and not noted as a high 9 for $1
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LaureateBust's Avatar
Canada
331 Posts
 Posted 08/23/2012  08:06 am  Show Profile   Bookmark this reply Add LaureateBust to your friends list Get a Link to this Reply
Probably the initial value of the high 9 1929 cent was derived from what collectors were willing to pay for one when the variety was discovered. Without actual mintage numbers, my guess is that the value compared to the low 9 variety will stabilize over time to some value dictated by its perceived relative scarcity. Hopefully SPP will chime in here - I think he recently finished his search for a red MS example.

BTW, 50 cents well spent!
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