1859 Dp9 No.1,2,3,4,5 And 9/6 And Tp9 In Mint State

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Author	Replies: 7 / Views: 1,514
canadian-varieties Pillar of the Community Canada 1442 Posts	Posted 03/08/2015 11:05 pm Last night, for fun, I reviewed the sales of 1859 DP9's in mint state, on Heritage Auctions and Icollector. Here's a few interesting thoughts: 1. DP9 No.2 is definitely undervalued. There are at least 3 or 4 other varieties that can be found in PCGS and ICCS DP9 No.2 holders, even in mint state. The question then is, just how rare is the REAL DP9 No.2? I found 9 mint state DP9 No.1s (3 in MS64), and 9 mint state DP9 No.2s (3 in MS64). If the two have similar populations, they should probably be priced the same, in trends. 3. DP9 No.3 and 4 - none have sold in mint state on Heritage or Icollector, that I could find. How they are priced LOWER than DP9 No.1 or 2 in CCN Trends, is beyond me. 4. DP9 No.5 - one has sold in Mint state, Heritage ICCS MS60BN 2014/04 for $5900. 5. 9/6 - one sold in mint state on Heritage PCGS MS64RB 2008/05 for $1.3k. It will be interesting to see if the PCGS AU58 that sold on Heritage 2015/01 for $9.4k will force a revision of trends. 6. TP9 - none have sold in mint state. To summarize, DP9 No.2, 3, 4 and TP9 appear to be significantly undervalued in Trends. The DP9 No.3, No.4 and TP9 are extremely elusive in mint state (I have not seen ANY). Based on my hunting, in the EF-AU range, DP9 No.4 is the toughest. The trends for DP9 No.1, No.5, and 9/6 seem to reflect reality a little better. DP9 No.5 and 9/6 are extremely difficult in mint state as well, however I am aware of 3 mint examples of each. Report this Post to the Staff

okiecoiner Pillar of the Community Canada 5593 Posts	Posted 03/09/2015 04:48 am I've always felt that #2's were well undervalued as well, in all grades above VF-20. After studying these for a number of years, I'm not so sure that there aren't two different types of the #2's, even disregarding all of those that are mismarked. To me, the #2's with the D/C at 5 and those without look like 2 separate Reverse dies. You see many many that are really just D/P 9's from p 283 of the 2011 Charlton. I also agree about the #4 being a tough one. The D/P #1's have been hunted for 100 years, so I think much of its value is based upon historical collecting rather than actual scarcity, kind of like the 1948 dollar. There are many out there if you want one and very easy to find at any show. Most regular Canadian collectors were really not even aware of the 3,4,5,TP or 9/6 until the 2011 Charlton came out and created a buzz even to find the book in stock anywhere. Give them another 10 years or so to creap their way out of drawers and collections. The initial prices in Charlton and then Trends was a guesstimate based upon scarcity compared to an 1858. They will find their own levels once more are traded. Report this Post to the Staff
canadian-varieties Pillar of the Community Canada 1442 Posts	Posted 03/09/2015 12:46 pm I would expect the DP9 No.3,4,5, 9/6, TP9 to be showing up all over the place, unattributed, either in the stock of US dealers, US auctions, or even in various DP9 flips/slabs. In 4 years of hunting, I fished out two DP9 No.5s (a VF30 and MS60) out of mislabeled ICCS flips, and a TP9 in EF40. All the 9/6s I found were raw or properly attributed. Report this Post to the Staff
Zonad Pillar of the Community Canada 1472 Posts	Posted 03/09/2015 2:56 pm Nice to see you two discussing things in a friendly manner!! Need you to talk to my wife!! :<)) Report this Post to the Staff
SPP-Ottawa Moderator Canada 10463 Posts	Posted 03/09/2015 2:59 pm Welcome back Zonad... "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 Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Report this Post to the Staff
JHax Valued Member United States 302 Posts	Posted 03/09/2015 10:18 pm As a die, the 1859 DP 9 #4 is not particularly scarce. But, it is much more difficult to find a nice #4 in its early state before the die started collapsing and partially obliterating the 9. Edited by JHax 03/09/2015 10:23 pm Report this Post to the Staff
SPP-Ottawa Moderator Canada 10463 Posts	Posted 03/12/2015 09:33 am Of course, if you screw around with a coin, and clean it improperly, the value is impacted severely... Here is a 9/6 that someone mucked around with the entire date, the reflectance of the digits speaks volumes to a bad cleaning, perhaps by someone who wanted to get a closer look... The hazy obverse legend, contrasting with the clean fields and high points on the obverse also speak to a bad cleaning. PCGS would never grade this thing... http://www.ebay.ca/itm/Canada-Large...201305064032 "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 Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Report this Post to the Staff
canadian-varieties Pillar of the Community Canada 1442 Posts	Posted 03/12/2015 1:12 pm That's a very unfortunate "hack job" on that 9/6. I could probably fix it...but he'll have to discount that damage. Report this Post to the Staff
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