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 Replies: 12 / Views: 2,742 |
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New Member
Canada
9 Posts |
I came across a Charton catalogue from 1975, and decided to compare the value of the top 10 most expensive coins in 1975 to the value of the same coins in the 2012 catalogue. If the 2012 catalogue did not list a price, I used CCN Trends. Overall, the total value of these top 10 coins rose by 760%, from $31,850 to $274,000. The top performing coin was the 1870 No LCW that rose in value by 2757%. The 1936 dots were excluded from this analysis.
In 1975, the top 10 most expensive uncirculated Canadian coins listed in Charlton were:
1921 50 cent - $9,000
1893 Round Top 10 cent - $7000
1890H 50 cent - $4500
1921 5 cent - $2500
1889 10 cent - $2300
1892 50 cent - $2000
1875H 25 cent - $1500
1870 No LCW - $1400
1875H 10 cent - $850
1913 BL 10 cent - $800
In 2012, the value of these coins in Charlton or Trends were
1921 50 cents - $75,000 (Trends)
1890H 50 cent - $50,000 (Trends)
1870 No LCW - $40,000
1875H 25 cent - $22,000 (Trends)
1893 Round Top 10 - $20,000 (Trends)
1889 10 cent - $20,000 (Trends)
1921 5 cent - $20,000
1892 50 cent - $11,000 (Trends)
1913 BL 10 cent - $9,000
1875H 10 cent - $9,000 (Trends)
Pretty interesting, don't you think?
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Valued Member
Canada
386 Posts |
You typically would have had a 10 fold increase having invested in rare coins in 1972 and held for 40 years.
However, if you would have invested in gold at $60/ounce you would have seen a 30 x increase or silver at $1.70/ounce you would have seen a 17 x increase.
And, if you had invested in a portfolio of blue chip stocks, you would have had a 30X return as well as have had regular dividend payments.
Edited by 1945V
12/15/2012 4:33 pm
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Valued Member
Canada
333 Posts |
Wow, very interesting. Hopefully, whatever I can accumulate now, will mean something for my kids.
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New Member
 Canada
9 Posts |
1945V - you're right. Over the same period, Canadian stocks rose 4000%, or 10.5% per year. The top 10 coins rose 760%, 6% per year. Over the same period, inflation rose around 3.9% per year. Both coins and stocks were good investments, but coins were more fun! Gold and silver may have risen too, but were much more volitile.
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Pillar of the Community
Canada
1177 Posts |
 Toronto & Hoop130, love seeing new members tearing up the thread! |
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Pillar of the Community
Canada
650 Posts |
Interesting , I love stats , and realized in the early 90s with a comparison with a 74 copy. I learned I need not consider my coin collection as part of my retirement plan.
But sure wish I would have bought the coins in 74/75 for the prices in those years.
The catalogs only go to unc in the 70s if we used the same field for comparison the return is weaker.
Anyone know if any one has done a full comparison?
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Valued Member
Canada
190 Posts |
I have a Charlton Catalogue from 1958...
Here are listed value for same ten coins:
1921 50 cent - $2,500
1893 Round Top 10 cent - $250 (yes, two hundred fifty)
1890H 50 cent - $125
1921 5 cent - $300
1889 10 cent - $250
1892 50 cent - $20 (yes, twenty)
1875H 25 cent - $130
1870 50 cent No LCW - (was not identified as variety)
1875H 10 cent - $125
1913 BL 10 cent - $55
Others of interest:
1948 dollar - $30
1945 dollar - $15
1948 50 cent - $10
1947 ML curved 7 - $250
1858 Large Cent - $25
Highest value for any date / denomination of Newfoundland coins is $65 for 1885 5 cents.
1914 5 dollar gold - $75
Best Wishes for a Happy Holiday Season!
cameron93
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New Member
Canada
9 Posts |
Its interesting that even though the 1921 50 cent was valued at $2500 in 1958 by Charlton, John Pittman was able to purchase a Gem Unc for $1716 in September 1958, according to page 50 of the August 1999 auction catalogue where some of his Canadian coins were sold. In the same catalogue, it says he paid $3300 for 1889 10 cent Choice Unc, in 1964. Does anyone know what the 1889 10 cent was worth in the 1964 Charlton catalogue? Pittman also paid only $54 for a Gem Unc 1871 50 cent in 1953!
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Valued Member
Canada
430 Posts |
If you consider that Pittmanspent $1,716 in September 1958, the average hourly earnings in Canada was only $1.65 per hour. It would have taken the average Canadian over 1,000+ hours of work to buy such coin which is a lot of money! Here is the Statistics Canada website for average hourly earnings back then.... http://www65.statcan.gc.ca/acyb02/1...6015-eng.htm |
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Valued Member
Canada
386 Posts |
Toronto,
I agree 100% with your remark that "Gold and silver may have risen too, but were much more volatile".
For twenty-five years between 1981 and 2006, the price of gold remained flat under $500. The run-ups periods were between 1971-1981 and 2006 to the present. Silver had similar volatility during this period.
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New Member
Canada
9 Posts |
And the best performing coin from this list, between 1958 and 2012 was the 1892 50 cent, up 12.4% per year over 54 years, if you could find an Uncirculated one. PCGS lists only 2 in Uncirculated or better (vs 11 1921 halves, in unc or better). I know that PCGS is not the only TPG out there, and I know that there might be other uncertified 1892 halves still floating around, but I still believe its rarer in Unc or better than the 1921 half. Just not the same level of demand! |
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Pillar of the Community
Canada
1411 Posts |
to CCF Toronto and Hoop! |
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Pillar of the Community
Canada
1051 Posts |
Quote:
If you consider that Pittmanspent $1,716 in September 1958, the average hourly earnings in Canada was only $1.65 per hour. It would have taken the average Canadian over 1,000+ hours of work to buy such coin which is a lot of money! In 2011 the average wage was around $24/hr, so 1000 hours at $24 would be a $24,000 budget. That would not take you very far at a higher end auction, maybe a coin or two! Salaries may have exponentially risen, but collecting truly key dates has not gotten any more affordable. |
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Replies: 12 / Views: 2,742 |
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Posted 12/15/2012 11:45 pm
