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Author	Replies: 21 / Views: 4,672	Page: of 2

twoods Valued Member Canada 220 Posts	Posted 12/26/2015 11:00 pm Thank you for all of the responses, lots of thoughtful insight...also Pacificoin, small world, I think I just bought a coin from you this week on ebay, a 1949 10 cent piece...I agree we should buy the coins we like, rather than think of them only as investments...I suppose if I had my wish it would be to buy the coins I like, not caring if they grow in value greatly over time, rather that they just don't lose money over time The bargain hunter in me finds it exciting to get a deal, or perhaps be able to purchase a coin I may not have been able to purchase a few years ago when prices were higher... John100 you mentioned a 1921 5 cent piece, would you know what the price of the recent sale was? This coin is out of my league but curious how much the price has fallen... A coin dealer once told me the smart money was on Victorian Canadian coins so curious what people think of this idea and of course the current market buying opportunity in general... Lastly, the highest graded material seems to have held its value better than the more common stuff, so many it would be better to buy these type of coins? Report this Post to the Staff
john100 Pillar of the Community Canada 5324 Posts	Posted 12/26/2015 11:10 pm Someone has mentioned on this forum that it sold for around 69,000.00 all in with the auction fees, they seemed to have taken out the sold prices on their website, maybe someone can confirm. Report this Post to the Staff
Alan Pillar of the Community Canada 1463 Posts	Posted 12/26/2015 11:37 pm twoods, I think the deal hunter in everyone wants to get a deal & I think you're quite right, we could likely all agree that high end Canadian and Commonwealth Pre 1953 coinage (specimen pl proof & circulation) has and likely will continue to hold value. How much value or increase, who knows, though, for purposes of resellability, these issues would seem to be quite safe. Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5400 Posts	Posted 12/26/2015 11:56 pm Maybe a little clarification is in order. I have been a dealer in rare coins for well over 40 years and have seen both the highs and the lows in our great hobby. Over the course of my numismatic career,I have seen pretty much everything you could imagine in the hobby,the good and the bad. There are as many ways to collect as there are personalities.The most successful collectors are the ones who devote time and passion to the hobby and not necessarily the ones who never care to buy a book and have the deepest pockets. I was honoured to have sold the RC Willey estate years ago ( Bob was the co author of the Haxby Willey catalogue and other numismatic titles). Before Bob died he told me the money was definitely NOT the reason he devoted most of his adult life to the hobby. The return to his family was just the gravy. Let's face it most everyone who collects coins will not make money on the hobby, but most who are heavily involved in numismatics reap a greater reward the joy of a hobby. Most dealers myself included are usually somewhat successful and enjoy the hobby from a much different aspect. Believe me being a numismatic dealer is a tough , but enjoyable way to make an easy living. As a dealer it is tough to also consider collecting as well and most do not, or collect something fun. Myself I have a low ball silver dollar collection, a collection of pre decimal Aussie copper, and years ago bought a British Wreath Crown collection. Report this Post to the Staff
macdon Valued Member Canada 495 Posts	Posted 12/28/2015 09:02 am When I see that word "investment" in reference to coin collecting I feel the force awaken in me and hope its not my wife asking me for a "lets sit down and have a wee chat about this investment we have in coins" [I'm hoping I go before her if I still have my nest egg [:)I'll leave her a copy of Trends with instructions to hold off for 20 years so I can at least rest for that period before she exhumes me to talk about how good I did on our "investment" I'm travelling down highway of reality 101 right now in process of trying to sell my collection and looking at offers of 40-45% of what I have. I am not surprised at this having been through it a few years ago with same result. So I know all too well how to lose at this venture so my advice is to take a hard look at what your objectives are before you begin the journey. To retain value buy the best you can afford. I think Pacificcoin is right, the market is over the border. Report this Post to the Staff
pocket change 50 Pillar of the Community Canada 1751 Posts	Posted 01/13/2016 04:08 am I am curious why don't dealers also collect. I would think it provides a great opportunity to get some great coins. Report this Post to the Staff
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