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 Replies: 31 / Views: 7,238 |
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Pillar of the Community
Canada
706 Posts |
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Pillar of the Community
Canada
2019 Posts |
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He wants $5000 O_O
I offered $1000 lol Ah come on, 5 grand is cheap for that clock, dont you know "Time is Money"  |
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Pillar of the Community
 Canada
706 Posts |
How much is that thing though? :/
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Moderator
 Canada
10458 Posts |
It is a tough coin to find.... but even a tougher coin to sell...
"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
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Pillar of the Community
Canada
5394 Posts |
The old coin equation comes into play . If there is one more coin (no matter how rare) for sale than there is buyers for it.............."Houston we Have a problem". I once thought I had cornered the market on a super rare French Colonial piece. I had 2 of a total mintage of 104...................well it ended very badly!! SPP is so right ............tough to find and harder to sell !!
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Pillar of the Community
Canada
2426 Posts |
What have they sold for at auction and are they more valuable as issued by mint with clock or removed and graded?
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Pillar of the Community
Canada
1751 Posts |
I'm curious what is meant by tougher to sell. Isn't it a desirable coin? Or is it that the market is just too soft? We need a fuller explanation for us newbies!! I still consider my self one. I've learned a tremendous lot, however, it's only a drop in the ocean, in comparison to Roger or Jack. They have so many more years as a collector on me. I always thought rare desirable coins always had a market. Time to learn the nuances.
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Moderator
Canada
10458 Posts |
They are tough to sell, because there are not that many collectors out there, who collect nickel 50-cent pieces, let alone a modern rarity (for example there are only 6 PCGS registry set collectors of Elizabeth II 1953 to date coins). Of those who do, who also have deep pockets, already have one... I know a dealer who has been sitting on one now for three years. He paid too much for it, and is refusing to accept a loss.
The Canadian market is odd. Unlike the US coin market, price has nothing to do with scarcity, it has everything to do with demand. Hence why you can find low mintage NFLD coins in decent grades for cheap prices...
"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
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Pillar of the Community
Canada
2426 Posts |
What is the average sale price for them?
$5000 to $6000 in Charlton and trends.
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Pillar of the Community
Canada
2019 Posts |
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If there is one more coin (no matter how rare) for sale than there is buyers for it Just the fact that this one new thread has been started about one of these clocks could make another buyer. Heck I want one but it is a bit out of my price range atm.  |
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Pillar of the Community
Canada
1528 Posts |
The person wants at least $5000. That's a few oz of gold. Too rich for me. The most expensive coin in my collection is the ladybug
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Pillar of the Community
Canada
2426 Posts |
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The person wants at least $5000. That's a few oz of gold. Too rich for me. The most expensive coin in my collection is the ladybug Pretty much puts things into perspective. Edited by darryldarryl
12/20/2014 11:07 am
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Pillar of the Community
Canada
1581 Posts |
Quote:
The Canadian market is odd. Unlike the US coin market, price has nothing to do with scarcity, it has everything to do with demand. Hence why you can find low mintage NFLD coins in decent grades for cheap prices...
Doesn't demand HAVE to be part of the equation. You could find many, many scarcities of all sorts of things, but if nobody cares to collect them, then it won't drive price. Do you mean the Americans are more likely to have demand for scarcity than Canadians? Demand is still the driver, but Canadians are less interested in chasing scarcity. But, since the Americans aren't chasing the NFLD, isn't the different country a factor with Canadians too? Do Americans collect British, French and Spanish coins? I think the main difference is disposable income. Add up what you've paid in taxes in the last 10 years. Now, what would you have done with 25% or 50% of that? |
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Bedrock of the Community
Canada
21614 Posts |
To me if I had $5000 to spend, I would rather buy 50-$100 silver coins. I would have something that I would enjoy more and would more valuable than a Nickel 50c piece. They would also be easier to sell if that time ever came.
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Pillar of the Community
Canada
1051 Posts |
There are an awful lot great coins to buy for $5k instead.
My collection is nowhere near the level of completion where I could justify the price of a frivolous (IMO) 2000P 50c. Three ounces of gold? How about 15+ pounds of silver, or an AU 1884 10 cent? Maybe a large beads 1965 5c plus a gold Maple?
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Pillar of the Community
Canada
2019 Posts |
Out of 276 I wonder how many are actully still out there, I am sure some got broken tossed as I dont belive the owners realized at the time that the 50 cent piece was so rare.
I think any serious coin collector with money to spare would buy one or have bought one already at the very least for the bragging rights, not saying we on here are not serious lol, but most of us look at getting value for our money such as buying silver/gold bullion etc.
But this being so rare is it not value for your money as well, since they can only increase in value (imo) where as silver or gold could drop or stay the same for years , well ya could go up too who knows.
Edited by Northerncoins
12/21/2014 08:00 am
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Replies: 31 / Views: 7,238 |
Posted 12/19/2014 12:44 am
