| Author |
 Replies: 11 / Views: 1,560 |
|
|
Pillar of the Community
United States
589 Posts |
Good Day All, I usually frequent the US forum but read the posts here everyday, so I figured I ask the my Canadian Numismatics this question. Is it worth (numismatic value) to collect Canadian cents especially those I see on E-Bay that are listed as BU or Uncirculated? To give you an example of what I'm talking about here is what I am looking at: http://www.ebay.com/itm/Canadian-Ge...em2a2f4afd6dThanks for all responses. John |
|
|
|
Pillar of the Community
Canada
1354 Posts |
I don't think it would hurt to collect. Who knows what the future holds value wise. I wouldn't pay $2 for that penny, but then I have access to them for a penny... My advice is, if you want a set put up an ad in the CCF wanted section. I think you'll get a way better deal.
|
|
Pillar of the Community
Canada
2366 Posts |
Right now pennies in TPG holders can be had for very low prices. 1/3-1/2 of trends is quite common. Probably a safer bet for long term value. As @coin chick says, paying that much for common ungraded is only worthwhile if you're looking for a convenient way to fill a hole in your collection. You're unlikely to ever get your money back. |
|
Pillar of the Community
Canada
1700 Posts |
Back in 2011, I did some coin roll hunting for pennies and found a roll of unc copper pennies from the 1970s and 1980s. I ended up dumping all of them in my melt value bucket at the end. I had two reasons for doing so: 1) the copper started to tarnish 2) Unless I suddenly get interested in making date sets one day, there wouldn't be any reason to keep random copper penny dates that aren't fully red. The penny you mentioned on ebay is something that might tarnish easily. |
|
Pillar of the Community
Canada
548 Posts |
The good thing about collecting Canadian cents is that it's a finite series.
The bad thing about collecting Canadians cents is that it's a finite series, and what remains are rapidly disappearing. Being in the States you have a better chance of finding a Canadian penny that we do.
|
|
Pillar of the Community
 Canada
9862 Posts |
John Hutch, the cent in your example listing is not a circulation coin,it has been removed from a collector set,before you start collecting Canadian pennies you should decide if such coins are acceptable to you,in order to avoid disappointment down the road.
"Dipping" is not considered cleaning...
-from PCGS website
|
|
Pillar of the Community
Canada
2366 Posts |
True. Pennies can be Circulation, Proof-Like (older sets), Numismatic BU (newer sets), Specimen or Proof. Sellers frequently describe their coins as BU or UNC when they are from rolls (circulation) or from sets (PL or NBU) so it can be hard to tell which you're going to get until you learn to recognize them.
|
|
Pillar of the Community
United States
1109 Posts |
I have a near-complete set of Canadian cents, and about half I pulled from CRHing over the years or from pocket change. I love the Canadian cents and now that they are discontinued, I think there will be a day when they become somewhat sorta kinda rare to see floating around. The fact the Canadian mint is melting them down renders mintage numbers useless. But, I don't collect for mintage numbers. I collect for the fun of it. Just need 5 more!
|
|
Valued Member
United States
467 Posts |
I wouldn't buy that particular coin but I think that the pursuit of quality Canadian small cents is a worthy endeavour. If it was me I would start with George V since they are more difficult to find in problem-free condition. The important thing I would think, is to be very very picky.
|
|
Pillar of the Community
 United States
589 Posts |
@skyshark, Which 5 are you missing? Thank you all for your input. I think I am going to get a book to fill with circulated cents and keep a separate pocket binder for the UNC or BU cents I find on ebay. |
|
Moderator
 Canada
10456 Posts |
You can usually find decent coins and coin sets, quite cheap. As an example, I just sold a partial set, with varieties, and all Elizabeth II coins were BU... http://www.ebay.com/itm/290948752450BU rolls of the 1960s, 1970s and 1980s seem to be drying up, as collectors snatch them up... "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
|
|
Pillar of the Community
United States
1109 Posts |
Quote:
@skyshark, Which 5 are you missing? 1923, 1955 NSF, 1965 small and large bead pointed 5, and 1985 pointed 5. It's a fun set to collect! MOST of them can be found pretty cheap too. |
| |
Replies: 11 / Views: 1,560 |
|
Posted 07/29/2013 2:11 pm
