An Interesting 1889 10 Cent From A '98 Auction Catalog

Mintage of the 1889 10 cents was only 600,000. The 'Coins and Canada' website puts the value of an MS63 coin at $44,200.- Canadian. At $19,550.- it might have been considered a good price to pay by avid collector but, even if I had that kind of money to spend, I believe I would 'pass'. This link provides more details of the coin itself and grade values:-

http://coinsandcanada.com/coins-pri...ts-1858-1901

The Royal Mint reported 600,000 Canadian 10c minted in 1889, but the scarcity of the 1889 date makes it clear that the vast majority must have been dated 1888.

In the 2007 report the RCM admits to making over 100 million 2006 dated one cent in 2007, including perhaps all of the reported 9.5 million CPZ.

T.J., AWESOME coin, however, I nickname coins of that "calibre" >Lottery Coins. Simply because every coin collector of Canadian decimal coinage would have to win the Lottery Jackpot (million+$) in order to afford this type of coin.
Now of course, there are what's known as the .00000001% Collector who have the personal wealth to afford this coin, but unfortunately they are few and far inbetween.
Also, in today's economy, it's not only a buyer's market but everyone is burdened these days with credit card/mortgage debt loads that were unheard of 20 years ago. (and rising) These days try even selling a $300.00 and see if you will get 60% trends?
I find buying expensive coins would be like buying an expensive home. If there is anything you don't like about the house, you'll move onto the next. Same with an expensive coin, it would have to appeal to the person that can afford it, virtually 100% or they will pass on the coin and wait for the next to come up for sale!

(P.S.: I.C.C.S. has graded an MS-66 and a total of 4 Mintstate examples)

Glenn

"1. Personally, I would have purchased gold back in 1998. Now go and figure out the profit that would have been made in Gold vs. an 1889 dime."

Hindsight is 20-20!