Rate Of Return On Canadian Coins - Coin Community Forum

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Author	Replies: 10 / Views: 2,481
AgHoarder Pillar of the Community Canada 818 Posts	Posted 07/03/2015 1:20 pm http://www.us-coin-values-advisor.c...-values.html Came across this website on appreciation rates of American coins. Thought it was very interesting. Is anyone aware of a similar book or website regarding Canadian coins? Thanks Report this Post to the Staff

okiecoiner Pillar of the Community Canada 5589 Posts	Posted 07/03/2015 1:33 pm I would take the info that is on the US site very gingerly, since the people that put it out are also ones to try to sell "investment" coins to customers. They look very "wishful-thinking" Report this Post to the Staff
kuh_85 Pillar of the Community Canada 2366 Posts	Posted 07/03/2015 1:37 pm I don't know of any site that does this for Canadian coins. But if you pull out all your old Charletons you can do something similar. Report this Post to the Staff
AgHoarder Pillar of the Community Canada 818 Posts	Posted 07/03/2015 1:56 pm I've thought about doing that. I would need to start buying old charltons Report this Post to the Staff
Gilles Pavot-Drapeau Valued Member 50 Posts	Posted 07/03/2015 3:25 pm Here is a link to a reply I posted back in Easter. It has photos of pages from 1958 Charlton Guide with prices of the day. You could by a '48 dollar for thirty bucks!! Enjoy :) Gilles https://goccf.com/t/216617#1881187 Report this Post to the Staff
AgHoarder Pillar of the Community Canada 818 Posts	Posted 07/03/2015 3:31 pm Thanks Gilles! How far back do trends go and were there ever other reliable sources for coin prices from the past besides Charlton? Edited by AgHoarder 07/03/2015 3:32 pm Report this Post to the Staff
Harmonica Pillar of the Community Canada 1118 Posts	Posted 07/03/2015 4:22 pm Today I had someone call me about a 1999 quarter set. I let him have it for $5. $3 to $5 in 16 years. Report this Post to the Staff
wildflowerAB Pillar of the Community Canada 2845 Posts	Posted 07/03/2015 6:18 pm Without taking into account annual inflation, a rate of return is meaningless. Looking back to 1958 and someone paying $30 for a 1948 silver dollar might seem cheap, but $30 was a lot of money then considering the average annual income was only $4650. http://www.fiftiesweb.com/pop/prices-1958.htm Report this Post to the Staff
billfrak Valued Member Canada 496 Posts	Posted 07/03/2015 6:27 pm Old Charlton catalogs are easy to come by just gave a bunch away from 1958 on including some winter issues Report this Post to the Staff
macdon Valued Member Canada 495 Posts	Posted 07/06/2015 4:28 pm The ROI on coins seem to be in high end stuff if one is looking at buying and selling at least from my perch and limited years of experience. I have stated many times that I have great empathy for dealers and sellers because not all of them do that great in this business when you consider how long they must hold onto inventory. Maybe 50 years from now a 48 at todays price will seem cheap too Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5396 Posts	Posted 07/09/2015 6:30 pm Buy coins because you like doing so as a hobby. In other words for the fun and enjoyment. Do not invest in coins, it is a sure fire way to disaster. Very , very few people ever make money in numismatics, unless you are doing it As a profession. Taxes alone kill you on the purchase price. Also the spread from wholesale to retail in Canadian coins is laughably high. It is not like the U.S. where the spread is low and competitive. Have fun and enjoy the hobby. As an aside a previous post mentioned that you could buy a 1948 dollar for 30 dollars in 1958. In a lot of places in Canada that was a months rent back then. Few people in Canada were throwing thirty dollar bills at coins in that day and age. Even if you did have the 30 dollars, 57 years invested with no further additions at 8 per cent (very doable for a long time) is worth more than a 1948 dollar to day. Edited by Pacificoin 07/09/2015 6:40 pm Report this Post to the Staff
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