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 Replies: 15 / Views: 4,618 |
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New Member
Canada
4 Posts |
Hi, I'm new to coins and not sure what I should do with what looks to be a Canadian mint stamped bag with one cent penny coins dated 1965. I've opened the bag and had a look at a couple and from my very limited experience they look to be blunt/small point. Tag on the bag says MS 63 grade. They are loose coins not in rolls and look to be in perfect condition from my limited experience. What would you do with such a bag of coins? Is it better to not touch the coins and just leave them in the bag? Or should I take them all out and check each individually? Is it bad to touch these coins with my hands? Should I wrap individually in protective plastic covers? Or find someone with more knowledgeable who I can take this to?  Thanks ...any advice would be greatly appreciated! Edited by westcoastcoins
12/13/2015 1:07 pm
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Pillar of the Community
Canada
1118 Posts |
Don't run your hands through them, the oils from your hands is bad for red copper cents. Put on some copper gloves, grab the coins by the rim and if you are into roll hunting go through them all looking for blank planchets, off stroke and other errors/ varieties. If you do not have the eye to pick out the different MS grades I recommend you fill up a plastic tube for your self and bulk sell the rest. Do you know about 2x2 holders and all that? Lastly  to C.C.F. . |
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Pillar of the Community
New Zealand
1679 Posts |
There are 4 varieties --- go here http://www.coinsandcanada.com/coins...nt-1965-2012and to the forum as it is up to you if you would like to spend the time in checking for any varieties (hours(days) of fun) plus I would use cotton cloves to handle them. Cheers Don
Vickies cents and GB Farthings nut.
"Old" is a figure of speech and nothing more
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Pillar of the Community
Canada
1118 Posts |
Yes, cotton gloves. I do not know why I said "copper gloves", long day...
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Forum Dad
 United States
24153 Posts |
Extremely wishful thinking on the person's part that wrote that tag.
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New Member
 Canada
4 Posts |
Yes I doubt it's worth that much... any estimates? Just wondering if it would be worth more altogether inside the bag? or would it be worth it to separate into rolls?
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Pillar of the Community
Canada
1118 Posts |
You buy in bulk you save money, right? If you want to sell it all I would recommend going the "by the roll" route.
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Pillar of the Community
Canada
5324 Posts |
Chances are someone has already gone through this bag unless it had a bank or Brinks seal on the tag, could be some rotation or off centered coins.
Edited by john100
12/12/2015 7:17 pm
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Moderator
Canada
10456 Posts |
I have gone through many mint bags of 1c coins. Average grade is MS-60 to MS-62. If the bag has not moved around too much, you might get two rolls of MS-64 coins and maybe 5 to 12 MS-65 coins.
I have donated rolls of 1c coins from mint bags like these to coin clubs and even CCF (for FUN show). They are pretty common...
"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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New Member
Canada
4 Posts |
'SPP-Ottawa' I'm curious why you don't see value in 1965 one cent ms-63 uncirculated coins, and would rather 'donate' them? Either you're really rich or I'm missing something... Could someone please let me know why the coinsandcanada website shows blunt/small ms-63 valued at $6.70 each? Previous message in this forum said the prices are more like '60-80% of those prices listed' ($4-$5 each)? ebay prices seem to suggest this is correct. What am I missing here?  |
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Pillar of the Community
Canada
5324 Posts |
There are lots of them with little demand, try selling a hundred of ms 63 or 64 trends are what something should be worth.
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Pillar of the Community
Canada
4227 Posts |
It's just that they are very common and the time involved in selling quantities individually is demanding. Are those sold prices for TPG graded coins? If that's the case, it'll cost more than the selling price to have an MS63 cent graded. Anyone paying attention to auction listings of LB PT5 coins will notice a lot more of them available recently. How long will they hold their current values? I have a roll of uncirculated '65 nickels on my desk right now that I bought off ebay for $3.02 even though an MS63 has a catalogue value of $6.70 each. There's just a lot available. |
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Pillar of the Community
United States
1285 Posts |
As chequer said: Quote:It's just that they are very common and the time involved in selling quantities individually is demanding. Are those sold prices for TPG graded coins? If that's the case, it'll cost more than the selling price to have an MS63 cent graded. Anyone paying attention to auction listings of LB PT5 coins will notice a lot more of them available recently. How long will they hold their current values? I have a roll of uncirculated '65 nickels on my desk right now that I bought off ebay for $3.02 even though an MS63 has a catalogue value of $6.70 each. There's just a lot available. AND the demand just isn't there. |
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New Member
Canada
4 Posts |
Thanks for all your input! Ok this makes sense - takes more time to find buyers than it's worth. If you're in a hurry to sell it will have to be at a crazy discount. Just wondering if there's anyway to find out the amount of ms 1965 coins currently in the market? Think it started at 300m or something like that but I'm sure with every passing year more are lost. Does anyone publish stats on year over year trends in the market? Would it be wise to guess that there are less than a million currently out there today? If there was a million of these pennies lying around what would be your best guess as to how many are ms-## uncirculated? Is there a generally accepted ratio/best guess out there? Is there another site like coinsandcanada that show's the price change/or number of sales over the years (historic price changes)? Would be really great to see the price growth/numbers and how they are changing over the years... Thanks again for helping someone new to the Coin World. Learning a lot! |
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Moderator
Canada
10456 Posts |
Here is a perfect example (my own listing)... they rarely sell, because the cost of shipping exceeds the value of the roll itself. That is what the market is for these, not what any coin website or coin book guide suggests. http://www.ebay.ca/itm/BU-roll-of-1...301819687392If you walked into a brick-and-mortar shop and asked for a BU Red 1965 1c in MS-63, of course, you will pay the premium value... that does not mean you will sell for the same price. I usually buy mint bags from 1960 to 1967, and rarely pay more than $100 per $60 (face value) bag. "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
1051 Posts |
Not worth much in MS, or even in a PL state for that matter. I have 4000 to 5000 mid-60's cents sealed in the mint plastic (PL set cutoffs), and it's hard to get 10 cents a piece for them when sold in any sort of quantity.
Edited by 1cent
12/16/2015 05:18 am
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Replies: 15 / Views: 4,618 |
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Posted 12/12/2015 5:32 pm
