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 Replies: 8 / Views: 1,896 |
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Pillar of the Community
921 Posts |
"A 170 year-old Newfoundland coin sold for over $50,000 this week at an auction in Toronto. The extremely rare Peter McAuslane's token was the star of the Toronto Coin Expo. It was expected to sell for $45,000, but was purchased for $51,600 by an individual from the United States" http://www.cbc.ca/news/canada/newfo...on-1.3093458 |
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Pillar of the Community
Canada
1442 Posts |
It's stunning that this sold for more than any Newfoundland 50c of any condition ever has.
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Pillar of the Community
Canada
1461 Posts |
That's why I love tokens. You just never know what you're going to get...
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Pillar of the Community
 Canada
5393 Posts |
And yet another piece of numismatic history of our great country heads south. Proof yet again that for the most part Canadians DO NOT step up to the plate for expensive coins, tokens or banknotes. I know the reality , but what a tragedy.
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Pillar of the Community
Canada
1051 Posts |
We're going to have to start going to shows in California and Florida to find good Canadian coins :/
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Moderator
Canada
10456 Posts |
Quote:
And yet another piece of numismatic history of our great country heads south. I don't mind US collectors buying Canadian and NFLD coins... in fact, I wish there were more US collectors of Canadian and Provincial coins. At least most of the best Canadian coins are no longer overseas in King Farouk's collection. Quote:
It's stunning that this sold for more than any Newfoundland 50c of any condition ever has. I am not the slightest bit surprised. Pre-confederate and early Merchant tokens have deep roots in numismatics in Canada. I think Geoffrey Bell has been an excellent custodian and promoter of these tokens, and I am happy for him for the prices realized. "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
5393 Posts |
@ 1cent and that about sums it up. Last year I was at 16 mid range to large U.S. Coin shows and 3 in the home and native land. What a joke.! And all this with a lousy exchange rate. There are WAY more better Canadian coins available in both the U.S. and the UK at better prices than in Canada. I have three or four foreign Dealers who are able to sell me some pretty cool stuff.
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Pillar of the Community
Canada
1461 Posts |
We are seeing a little resurgence in collectibles in the US. They are in a different stage of economic recovery. Unlike Canada, it's population has been holding money under the mattress (not spending) for the last 6+ years. Canada may not have felt the economic downfall as drastically as did the US in 2008, but it's also not looking at a gangbusters economy in the near future. Collectibles are a luxury and will only come into fold once there is significant movement in economic prosperity. I have no issue with Canadian coins going to collectors outside of Canada. Interest in Canadian coinage and history outside of the country is a positive for Canadian numismatics, not a negative.
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Pillar of the Community
Canada
5393 Posts |
Coinhunter, very positive , especially to those of us who sell a lot of better Canadian to USA collectors. Well over 70 per cent of our better numismatic items leave the country. I am pretty sure you have similar luck with your better pieces as well.
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Replies: 8 / Views: 1,896 |
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Posted 05/31/2015 10:23 pm
