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 Replies: 7 / Views: 1,795 |
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Pillar of the Community
United States
629 Posts |
Everyday I check out ebay listings for Canadian coins. I see a lot of the new mint offerings and some older coins. Older coins seem to be commanding better prices these days. I see coins, over graded, spot on graded that are going for more than they have in the past. I can't give you any specific examples but I see prices going up. I wonder if it's because of what is going on with the Canadian Mint - meaning - no more pennies, removing older coins from circulation to use their metal again. Recent articles I have read about soon you Canadian won't see any coins with a date that is older than 15 years ago. So, people are starting to get these older coins and seem to be willing to pay more than they used to. Have you been noticing the same thing that I have or is it just the winter when more people are inside and looking for something on line? |
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Pillar of the Community
1844 Posts |
Theres a very good chance that those plus other things are a factor in this..Also there are more and more young people collecting now..So supply and demand..less supply higher prices..
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Pillar of the Community
Canada
2366 Posts |
There's been a noticeable drop in prices over the last couple of years. So it's probably starting to rebound. Works kind of like the stock market.
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New Member
Canada
18 Posts |
Yes, I think the economy is the biggest driver as I would have said my observations are that coins are going for LOWER than they have been for a few years now, with exceptions of course, but I believe that lower value coins have more appeal to the masses and with the "turnover" rate, the "values" keep going up while rarer/higher value coins that don't turn much don't seem to move up at the same rate. My favorite laugh is the "replacement" notes of the past decade and how they have "differentiated" by serial # within a prefix and driven the price through the roof on some where the older asterisk/replacement notes don't relate. Or how QEII young head coins suddenly skyrocketed in price, but when dealer stock is depleted of the good old stuff, the inventory (purchased cheaply in the past) suddenly becomes the market and drives the prices up. It all comes down to supply/demand and what the buyer is willing to pay as ultimately the buyers will drive the market.
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Valued Member
Canada
173 Posts |
Quote:
or is it just the winter when more people are inside and looking for something on line? I agree, collecting in winter is good indoor fun. Not too mention the new releases... |
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New Member
Canada
13 Posts |
Does anyone actually still get pre 67 coins in circulation?
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Valued Member
Canada
202 Posts |
yes to pennies, but anything else - I'm shocked when it happens. Such as when I did get a 1940 quarter in the change from a cashed cheque from a bank teller, just two months ago.. alas, she didn't have any more in her tray..
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Pillar of the Community
Canada
1984 Posts |
Apart from the economy and demographics, I would also "blame" the internet for recent softer prices. The boom in ebay and internet selling has allowed people to sell their coins much more easily than in the past. In the past, unwanted collections would sit on a shelf indefinitely or get sold to an often-rapacious dealer for peanuts. When dealers bought stuff for nothing, it was easy to let it sit on the shelf unsold. Now it is easy for collectors or their heirs to research and sell coins on line, so I think supply has increased. Also, the internet now allows colectors in small towns to find and buy coins easily rather than in the past, when they may have had to rely on a monopolistic, small-town dealer. Again, effectively this puts more supply on the market. I suspect that this phenomenon at some point works it way through the system. Edited by Smallcentguy
01/26/2013 10:43 am
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Replies: 7 / Views: 1,795 |
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Posted 01/24/2013 12:37 am
