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 Replies: 30 / Views: 4,226 |
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Valued Member
United States
401 Posts |
Attached are 2 pictures of 2 very low mintage Canadian Quarters I have in my old Whitman folder. 1915 - 242,332 1934 - 384,350   My question/observation is I'm amazed at the low prices these go for relative to a 20th century American coins of similar mintages. Are these just bargains or are there so few collectors of Canadian coins that market forces don't apply. For example, if these were Barber or Washington quarters made the same year with those mintages their values would be 10-20 times more? PS: Happy New Year! Edited by paddy murphy
01/01/2014 09:49 am
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Pillar of the Community
 Canada
9862 Posts |
Supply and demand.
Demand is so low that your '34 is a bullion value item.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
849 Posts |
USA has ten times the population of Canada - so ten times the collectors. If there are a million quarter collectors in Canada (just as a supposition), then there are 10 million collectors of quarters in USA and 300,000 coins are not enough to go around in the States; hence higher prices.
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Pillar of the Community
Canada
607 Posts |
for that reason alone I have almost switched my collecting to US.
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Valued Member
Canada
245 Posts |
@jkol2369: You mean switched from Canadian to American coin collecting? Funny as this is exactly why I don't collect coins of USA!
Edited by osmiumblue
01/01/2014 11:21 am
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Pillar of the Community
Canada
1554 Posts |
 Can you imagine what would happen to the price of Canadian coins if every U.S. Collector stopped collecting U.S. coins for just one year and turned all their time, money, resources and effort into collecting the finest known Canadian coinage! We'd have to start collecting stamps...............  Glenn  BTW: Happy New Year gang!  |
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Pillar of the Community
Canada
5417 Posts |
Supply and Demand. Much more demand for American Coins.
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Pillar of the Community
Canada
849 Posts |
As a bid of an aside, on a percentage of population basis, do you think there are more Canadians collecting U.S. or more Americans collecting Canadian?
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Valued Member
 United States
401 Posts |
well I think people are missing out and since I have quite a few I'm going to try to keep filling the holes in my Whitman folders.
Edited by paddy murphy
01/01/2014 3:14 pm
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Valued Member
Canada
496 Posts |
What about the montages of the Newfoundland coins?
better not start that one eh
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Valued Member
United States
406 Posts |
Actually, some of us, ahem, astute American collectors look at the Canadian market and believe that it is undervalued relative to the U.S. market. I don't think this is a trend that will last forever. More and more Americans are deciding the same thing.
Best Regards,
George
VDB Coins
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Valued Member
United States
306 Posts |
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Pillar of the Community
United States
1391 Posts |
Or the U.S. Market is over valued.
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Pillar of the Community
United States
1949 Posts |
I agree 100% with George... The quality and scarcity of Canadian coins you can acquire dollar for dollar is far superior to what you can get for a comparable U.S. coin
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Valued Member
United States
467 Posts |
Another reason that rare and low mintage Canadian coins don't go for the same money as their U. S. counterparts is that the Canadian coin market has not perfected the art of hype like here in the USA.
This is my opinion of course but every aspect of U. S. coin collecting has been studied to within an inch of its life and expounded upon in books, articles, blogs and forums. There are a number of powerhouse auction companies (Heritage, Stacks-Bowers and Legend-Morphy come to mind) that whip U. S. collectors into a frenzy months in advance of a major event. Canadian auctions seem to be considerably more restrained.
The big Newman collection auction that recently transpired is the most recent example of the marketing pot being stirred to a rollicking boil. From what I read in some of the posts on a major coin forum there seemed to be a lot of coins (many of which were not that great) that went for moon money and a good deal of buyer's remorse. I don't see that in the Canadian auctions that I follow occasionally.
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Valued Member
Canada
387 Posts |
Quote:
not perfected the art of hype like here I am glad to see that I am not the only one who thinks about the "hype" phenomena. Someone once said that the only people who consistently make money in collectibles are the middle people. I see more and more people buying collectibles as investment products with no interest in the numismatic aspect of things. That can only be sustained by hype.  |
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Replies: 30 / Views: 4,226 |
Posted 01/01/2014 09:47 am
