Interesting Local 1960-S Canadian Coin Score Poll For You!!

Interesting poll with the debate goin on the other thread...

I would like to THINK I'm that type of person that would pay her more... but I think if I was in the same situation and I asked how much do you want and the answer was $30... a quick eyeball calculation shows around $30.. I'm good with it...

Now if the difference was something VERY significant... I would send another cheque.. but on an agreed upon price where the difference in value is less than $30 after exchange rate and what she may have gotten at a LCS... I don't think it's entirely that bad

I personally would've paid more, but only because I would've tried to count and pay face value plus/minus a little. I think that if neither person knew the true value, then $30 was keeping it safe. Maybe a little too safe?

First off, you cannot really call it face value, as where this transaction took place, the currency had 0 spendable value, yes there may be some numismatic value in a few of the coins, but that's not the question here.

compare it to a pile of metal, or a stack of paper, or a box of junk at a garage sale, you ask how much the seller says $30 take the whole thing, here is the KEY, if you see something YOU KNOW is worth a lot more then you might offer more.

The buyer is obviously not SPP Ottawa, or any one else from Canada, and did not sit there and count every roll, and inspect every coin.

If I was in a similar situation, being offered a pile of Mexican pesos, or centavos, or Indonesian coins, I may have even paid less, but that is because I don't collect foreign coins. if I found a gold bar under the lot, and it was real, then perhaps then I would be having this debate in my head.

Realize the difference between Southern USA mentality to Canadian coinage, and do not have the perspective of a Canadian looking at US money, because US coins spend in Canada at par every day of the year. It would be a rip off to offer someone $30 Canadian for $100 in US coinage, and everyone here would agree.

just wanted to add, I'm sure the "little old lady" was capable of counting and knew what she had, given that canadian coin is the same size and denomination as u.s. or he could have handed her 5 $1s and walked away. maybe she was doing him a favor, maybe it was her good deed of the day. also for the majority of the u.s. population, it may as well have been monopoly money.

I've always been self-employed and I definitely get the notion of buying something for as little as possible to make a profit.

After all, I have to provide for my family and 'put bread on the table' as they say.

However, in this isolated case, I would have paid much more than $30.

Did he though? I don't live in the Southern States so I can't say what fair market for Canadian coins is there. Can you? I would have paid more....but then again, I live in Canada where these coins have value.

Only the two parties that took part in the transaction have privy to what was said. If both parties are happy with the transaction then I say let them be happy.




This is like comparing apples to oranges. We are not discussing a four figure coin. We are discussing very common Canadian Nickels in the Southern States where they cannot be spent, and a little old lady that probably cannot be bothered to go through the trouble of selling them through ebay or other channels.




It was not a coin dealer, but an antique dealer. They cannot be expected to know everything.

Here is what an accountant will tell you what " Fair Market Value" is; what someone is willing to pay, in this case it was $30, the buyer had NO KNOWLEDGE of what Numismatic value these coins had. Yes the Canadian Face Value was about $100, but it was completely worthless play money where it was being sold.

Again, everyone who thinks this was out of line, you need to rethink this like I mentioned before, if someone offered you foreign coins which are completely un-spendable and therefore completely and utterly useless as a monetary devise.

There are 2 comments people keep saying:

1) the buyer knew exactly what he was buying
2) the seller did not know what she was selling

and with these 2 ASSUMPTIONS you may be right, HOWEVER in this specific case

1) Buyer has no experience in the numismatics of Canadian coins, and CANNOT use these to buy a can of pop
2) the seller can count.

This will be my last post on this as it is making me frustrated that people are only looking at this with their own personal slant and knowledge.

@ace_ftw Factor in the gas to drive from there to here and back again to get 'face value'.