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 Replies: 30 / Views: 4,237 |
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Pillar of the Community
Canada
5324 Posts |
Just look at the up coming FUN show there is close or more than a thousand dealers, recent RCNA maybe 40 dealers |
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Pillar of the Community
 Canada
5394 Posts |
It is like comparing apples to oranges. In reality there is not really a viable commercial coin market in Canada.Having been in the trade for over 40 years,I can say that Canadian coins are NOT even in the top ten collected countries or areas of numismatics world wide. The top end of the Canadian market is very , very thinly traded and if there are not two or three guys looking at the same time for the same items the high end stuff can be unsaleable,even though rarities. A US rarity has ten hands in the air at any major sale. Historically Canadians have never paid up for rare coins. Our current ebay sales see well over 50 per cent of our better Canadian being exports. A major Canadian coin show is 40-50 dealers at most,whereas a small regional show in the US can easily double this amount. |
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Valued Member
United States
467 Posts |
Quote:Just look at the up coming FUN show there is close or more than a thousand dealers, recent RCNA maybe 40 dealers Wow, that's pretty small. How many dealers are usually in attendance at Torex? I've always wanted to go there but it would have to be a very large show to justify traveling 1,500 miles! |
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Pillar of the Community
Canada
5324 Posts |
Torex maybe 25 to 30 dealers, Coin Expo is a touch bigger, but the RCNA is in Mississauga this summer |
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Pillar of the Community
Canada
2124 Posts |
Quote:
glenzy1
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...............
 So true. |
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Moderator
United States
188727 Posts |
As recommended, I am moving this to the main forum to widen the audience.
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Moderator
United States
23522 Posts |
Quote:
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.
I'm not necessarily disagreeing with you, but how many thousands upon thousands of people have to comprise an audience before it's not "hype" but legitimate publicity? It may be "hype" to you, but for those more intimately interested? Precious metals as a branch of a diversified investment scheme has been a valid concept from the beginning of time. Indeed, probably the oldest of "investment" vehicles. So, the recent "hype" regarding it is nothing more than King David's "nothing new under the sun;" a cyclical rebirth of an idea which comes up every time the economy goes down. This, too, shall pass and the smart, long-term true collector sold high at the peak to the hype-sensitive, will re-buy again at the low when the hype-ees panic, and wander comfortably into the sunset.  |
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Pillar of the Community
United States
4233 Posts |
I'm a US collector who is mainly interested in Canadian coins. So shhhh, be quiet! Don't let the secret get out! At least until I'm done buying. I suppose the reasons for my interest are that I inherited some good ones, and after living with US coinage all my life I find Canadian more interesting. Canada certainly has some hype- and knowledge-related examples. My favorite which I've mentioned ad nauseum on this forum is the 1948 dollar versus the 1947 Maple Leaf dollar. 18k mintage versus 21k, yet the 48 typically sells for triple the 47ML. The 48 has been hyped as "the king" for decades, and collectors perceive the 47ML as a "variety" of 47 rather than a distinct mintage from 48. But as others have said, plop those coins into a US sized collector market and who knows where values would go. Yet I look at my 1931 5 cent, which in MS64 shows a trend of $2000, and I think, sure, but who's really going to want it at that price? There's 200 of them on ebay in lower grades - how many collectors of high-grade Canadian nickels are really out there? Well, I find these discussions about supply, demand, hype and value to be interesting. |
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Pillar of the Community
Canada
5394 Posts |
hardcore high end collectors of Canadian willing to pay up? probably less than zero!
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Pillar of the Community
 Canada
9864 Posts |
Pacificoin, you as a dealer certainly see it that way.There are certain Canadian coins for which I would gladly pay more than Trends prices, but in today's buyer's market price guides are generally way too optimistic.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
2781 Posts |
I don't think the Canadian values will ever inflate to US levels.
Americans generally love everything american, anything else just doesn't mean much. Canadian coinage will never be anything other than "foreign".
Sad to say but there just isn't that much interest in us as a nation any more than any other county.
And if you want real price disparity between mintage numbers, have a look at NewFoundLand coinage.
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Pillar of the Community
United States
3486 Posts |
Take heart, Wade.
This American considers Canadian coins to be 'neighborly' rather than foreign.
Having found many over the years in circulation 5 hours south of your border, they seen normal to me.
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Pillar of the Community
Canada
2805 Posts |
Yes, everyone loves to mention Newfoundland coins. I am picking off KGVI coins at melt one by one, and it's rewarding to hunt for them... but even in Canada, interest is very low. Maybe they're just too weird...
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Pillar of the Community
Canada
5394 Posts |
With respect to Newfoundland coins, even more dismal than Canadian! They are merely a former British colony to collect and are Not part of the Canadian series.
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Pillar of the Community
Canada
849 Posts |
Quote:
Yes, everyone loves to mention Newfoundland coins. I am picking off KGVI coins at melt one by one, and it's rewarding to hunt for them... but even in Canada, interest is very low. Maybe they're just too weird... I hope you were just making reference to the coins and not the Newfoundlanders!! |
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Replies: 30 / Views: 4,237 |
First Page
Posted 01/01/2014 9:00 pm
