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 Replies: 10 / Views: 3,244 |
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Pillar of the Community
Canada
2805 Posts |
I fished this out of a melt-value bucket full of slicks:  Because it is only just beginning to go slick (check around the C in CENTS), I assume it's worth a little bit more than melt. But... 1. Why is every Canadian/Newfie silver coin I see heavily worn and/or heavily cleaned? Have all of the good ones been snagged and secreted away by collectors, or did these coins just circulate very heavily? 2. When does a coin lose all numismatic value, in your opinion? 3. Do you ever look through melt-value silver buckets? Do you ever find anything good in them? |
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Bedrock of the Community
Canada
10743 Posts |
Wow, great find in a melt bucket, and I believe the reason that lots of Newfoundland coins are heavily worn is that they circulated a long while. This one looks VG-8, nice pick up..  |
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Pillar of the Community
Canada
2366 Posts |
http://www.coinsandcanada.com/coins...ts-1865-19121. Low mintages, high circulation = scarce high grades 2. Combination of availability and demand more so than a particular grade. For example, a Victorian NFLD 50c with no date left sold for noticeably more than bullion value while an MS 1965 Canadian 50c barely sells for bullion. 3. N/A
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Pillar of the Community
Canada
3049 Posts |
There are still some nice newfie coins out there... but you're not far off the REALLY good items are generally in the hands of collectors... At my local LCS I asked to see all their newfie coins .. he brought out just a small box and nothing looked better than EF in the entire lot... anything better, my guess usually sells pretty quick and doesn't get stored in a "misc" maritimes box.
I think I your coin is an OBV #2 and I would personally grade this as VG.. trends list it at $24 and I would be happy with the first $12-18 if I was selling this myself... so picking it up for melt in my opinion is a GREAT deal!
I wish my dealer had a junk silver bin! I think the only reason the don't is b/c I would be there all day digg'n
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Pillar of the Community
 Canada
2805 Posts |
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Bedrock of the Community
Australia
21788 Posts |
NFLD slicks should be worth a bit more than BV, and if you have a few of them, worth storing in a dedicated album page.
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Pillar of the Community
 Canada
9864 Posts |
Quote:
Newfoundland has finally been separated from "Canadian Provinces" and has been given its own country listing on Numista! Newfoundland was a sovereign nation for only slightly more than two years in the early 1930's. Before that it was a slightly independent colony,and from about 1933 up to the time of entry into Canada in 1949 it was governed by a British_appointed commission as the Newfoundlanders found they could not handle the responsibility of independence after a little more than two years. PS No Newfoundland coins were issued during the brief of true self-government. "Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
09/20/2015 10:38 pm
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Pillar of the Community
Canada
3049 Posts |
Now that is a cool factoid DBM.!!
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Pillar of the Community
Canada
514 Posts |
Quote:
2. Combination of availability and demand more so than a particular grade. For example, a Victorian NFLD 50c with no date left sold for noticeably more than bullion value while an MS 1965 Canadian 50c barely sells for bullion. @ 'kuh_85' Please excuse this small tangent; I recently aqquired a Newfoundland 50c coin where the date was worn off; I expected it to really only be a bullion value coin, but thought it was cool, because of the unique (for Canada) design, and because I only have a couple maritime coins; Can you please cite how I might assess value to this coin - or where you found them to be selling for more than bullion? @ OP - IMHO, that's a great find; These older coins seem to be most susceptible to wearing off around the date, I'd happily include that in my collection. |
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Pillar of the Community
Canada
2366 Posts |
@unruhjonny - That was my observation based on a number we sold on ebay. |
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Pillar of the Community
Canada
3049 Posts |
On a side note if you find anyone selling VG newfie 50 cent coins just at BV... please shoot me a message.. I know it might be "coin blasphemy" but I intend on making my wedding ring from one...
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Replies: 10 / Views: 3,244 |
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Posted 09/19/2015 10:09 am
