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 Replies: 25 / Views: 11,514 |
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Valued Member
Canada
68 Posts |
This was the only year the 20 cent coin was minted in Canada. Is it a good investment piece? And how rare is the medal variety compared to the regular one? Just looking for some general info :)
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Pillar of the Community
 Canada
9732 Posts |
There are usually about 30 of these listed on ebay at any given time,and usually about half that many 1870 quarters.Which one is already overpriced IMO? Medal alignment is quite scarce. "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United Kingdom
552 Posts |
Well, according to Canadian Coin News the 1858 coin alignment in MS60 trends at $1200. My coin is in AU58 bleach white and a super example. I understand that the coin was not popular when issued and there appears to be some snobbery amongst collectors concerning this variant. This forum says my photo is to large to upload, sorry. You can see it on u-tube: http://www.youtube.com/watch?v=Igah8wPaY78Edited by marbury518
09/01/2012 11:35 am
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Pillar of the Community
Canada
1192 Posts |
I like them. Hard to go wrong with a one year type that looks nice, has a pretty low mintage and that was unpopular at the time it was used (eg- many were recalled/melted).
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Moderator
 Canada
10449 Posts |
Rob Turner has an excellent write up on the Canadian 1858 coinage, including the 20-cent piece, in his first book.
"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
9732 Posts |
A must have for every type set,keeps the demand side up.As a one year type they were hoarded by the bushel and despite the recall and melting more than enough survive to outpace the demand.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
1299 Posts |
http://www.victoriancent.com2011 & 2025 Fred Bowman Award Winner, 2020 J. Douglas Ferguson Award Winner, & 2022 Paul Fiocca Award Winner. Life Member of RCNA.
Edited by bosox
09/01/2012 3:23 pm
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Pillar of the Community
Canada
1444 Posts |
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Pillar of the Community
Canada
1581 Posts |
^^^ Neat
@DBM: You hit it. Everyone HAS to have one, and so it is the demand more than the supply that is the price driver. There are millions of unique paintings and other artwork. So what? Without demand even unique rarity means absolutely nothing.
As for the medal version, it's depressing how few people actually know about the axis of coins. It drives me nuts in some token listings, for example, where the axis IS the critical piece of information that is needed, but the seller is clueless.
I wonder how many 20c medal get sold without the seller even knowing what they had? Or the buyer realizing they got one?
The supply is thus a bit fuzzy.
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Pillar of the Community
Canada
632 Posts |
It is a neat coin and quite popular, however, investment? No.
Investment implies profit - you will not make money with this coin. You will no lose either. The coin has an established market value and will stay there.
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Pillar of the Community
Canada
650 Posts |
This coin I love , pre confederation , pretty much 1 year, and only 110,000 left after they were recalled .
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Pillar of the Community
United States
1299 Posts |
Mr. C. - you may want to read the article that I linked to in my previous post.
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Pillar of the Community
United States
593 Posts |
fascinating article by Rob Turner on the melting of 20 cent coins. Could it be that instead of around 300.000 1858s surving melting only a little over 7000 survived? I consider them one of my favorite early Canadian coins and am thankful to have a single bueatiful example The other contraversy with these coins is the disputed mintage figures of 730.000 or so vs 750.000
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Pillar of the Community
United States
1299 Posts |
There really is no dispute on the 20 cent mintage. There are multiple highly credible surviving documents that place the mintage at 730,392. The mint reports of the late 1800's published 750,000 which was based on the order size of 30,000 pounds sterling in 20 cent pieces. I provided the documentation in my first book.
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Pillar of the Community
Canada
1554 Posts |
 This is one I recently purchased!  Glenn 
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Valued Member
Canada
475 Posts |
Excellent research as usual BOSOX. I just love the 1858 1/5 dollar...........they sell well for us to! Especially nice VF or better.If you collect Canada decimal type you have to have one!
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Replies: 25 / Views: 11,514 |
Posted 09/01/2012 11:32 am
