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How Accurate Are Canadin Price Guides?

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Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/18/2015  12:57 am Show Profile   Bookmark this topic Add GR58 to your friends list Get a Link to this Message Number of Subscribers
Got a call, from a local coin shop, this afternoon.

They got some Canadian cents in and want me to come look at them.
They mentioned 1922, 1923 and 1925. I need these and a few more.

My question is, are Canadian price guides anything like
the U.S. RedBook?

Most times I can purchase coins for less than listed price guides.
Pillar of the Community
kbbpll's Avatar
United States
4233 Posts
 Posted 04/18/2015  01:27 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
1. Canadian price guides never change. Unless stuff goes up.
2. US dealers and ebay BIN prices pretend US$/CAN$ is 1:1. It's not; it's 20% different.

Those are my recent personal observations. Maybe specific coins/grades/prices would help the discussion.
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wireman09's Avatar
Canada
972 Posts
 Posted 04/18/2015  01:29 am  Show Profile   Bookmark this reply Add wireman09 to your friends list Get a Link to this Reply
Those dates are all key dates and very popular with collectors. I'd purchase those years whenever you can. Lately most coins are selling for approx 50-60% of CCN trends. Those particular dates tend to go for about 75-80% of trend as being popular, and key dates. Good Luck
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 04/18/2015  01:30 am  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
all depends on which guide you're using I suppose...

but take coinsandcanada.com for instance... the pennies you mention are key dates for that series....so from that web site you can expect to pay between 80% to full price depending on condition... but that's just my experience with those dates.
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Canada
5588 Posts
 Posted 04/18/2015  06:58 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
First, let the dealer know that the prices in the book are Canadian and the US dollar has been between $1.22 & 1.25 for the last month or so. So, first, take 80% of the listed Charlton or Trends and then you have the US full, retail, generous price. For key dates less than XF, you should pay about 70% of Trends. For more common stuff, about 50% of Trends. XF/AU prices are about 80-100% of Trends and you may pay a premium depending on eye appeal for things in the 60's.
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atticguy's Avatar
United States
1373 Posts
 Posted 04/18/2015  08:42 am  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
I also collect Canadian coinage, and am curious to know if Canada has a 'bible', similar to the US Graysheet, for their coins. I've been using info from a Canadian newspaper guide for the last four years, and have also used online sites to learn more about Canadian price movements, but what I've found bounces around from site to site.

Yesterday my friend gave me a few recent graysheets to look at, and found that I've been paying 20-100% more for American coins as I should have been all these years.

Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/18/2015  09:54 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I woke this morning to some good responses.

Thank you all for taking the time to post.

The guides I have been looking at are Coins ofCanada,
World coin book and 2014 Charlton Canadian Coins.

I am pretty sure I will buy all they called me about, and
hope they have some others. I also need the 1924 and 1926.

If they have them I will have the small cent part of my
Library of coins album filled. Except for the 1936 dot
that they put a hole for.

Then 14 more large cents to complete that section.

They did mention $20.00 for the 1925. I have one. But would it
be a good idea to pick up another, just because it is a Key.

Of course if it is better than the one I have ... I may want it,
just to have a better one.
Valued Member
oasis's Avatar
Australia
138 Posts
 Posted 04/18/2015  10:19 pm  Show Profile   Bookmark this reply Add oasis to your friends list Get a Link to this Reply
I would have to disagree with the comment that the prices never move down. Compare a 2009/10 era Charlton with more recent versions and some prices have moved down quite a bit. I focus on large cents, here are a couple of examples:

1911 1 Cent MS65 - 2009 $700, 2013 $425
1918 1 Cent MS65 - 2009 $1125, 2013 $550

A good strategy is to compare prices across Charlton, the coinsandcanada website and CCN trends, then use the lower of the three as closest to the mark. Even then the % of the price guide you will have to pay still depends on rarity of the coin, so much more accurate on key dates.
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