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1956 Canadian Silver Dollar MS-64

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Canada
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 Posted 01/29/2016  12:25 am Show Profile   Bookmark this topic Add twoods to your friends list Get a Link to this Message Number of Subscribers

Hello Everyone,

I noticed recently a couple of ICCS MS-64 Silver Dollars on ebay and want to ask the experienced forum members for assistance.

1. Is the 1956 dollar in MS-64 a tougher coin to find? The reason I ask is the asking price on these coins is quite high compared to Silver Dollars of a similar age in MS-64 (approximately $400 Canadian).

2. The sellers of these coins are willing to accept an offer, what would be a fair price/current market value of this coin?

Thank you forum members for all of your help with this!
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Canada
9862 Posts
 Posted 01/29/2016  12:58 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Lowest mintage of the Elizabeth silver dollars
Check ebay completed listings.
I believe the last one sold for about $250 CDN.
There is a BIN on ebay currently priced at $280.
"Dipping" is not considered cleaning...
-from PCGS website
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 01/29/2016  01:20 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Any we ever get in ICCS MS 64 sell very quickly at 80 - 85 per cent of TRENDS. The 2015 ICCS report shows only 9 MS 65
Business strikes so an MS 64 is second finest tied with 195 others. Only a mere 1914 coins of 1956 have graded mint state.
The date is the key date of the Elizabeth young head dollar series. Original bags are long dispersed and BU rolls are scarce to rare. In 40 plus years I have only had three original bank rolls.
The issue has typical bright flashy lustre quite unlike the 1955 issue that preceded it 1955 has a flat satiny lustrous appearance for most of the years coins that is usually but always quite neutral for eye appeal.
The 1956 dollars are usually weakly struck at the centre of the canoe on the reverse. Obverse is usually quite well struck but most of the BU coins of 1956 are quite baggy and unattractive as such. Minor varieties include one obverse that has an obverse die break somewhat like that of the 1955 Arnprior die break obverse. Also a somewhat scarce occurrence is a short
Waterline version that seems to occur on a single die pairing.
Hope this helps. If you are serious about acquiring one make sure it is fairly white with no ugly toning is well struck and is attractive to the eyes. An older two letter ICCS graded coin or a nice Green holdered PCGS coin should do the trick.
Lately market grading in Canadian Silver a Dollars is rampant. In a word be fussy it is a buyers market .Good Luck.
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Canada
867 Posts
 Posted 01/29/2016  01:23 am  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
@Pacificoin: Jack, your insights and knowledge are always appreciated!
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punman's Avatar
Canada
849 Posts
 Posted 01/29/2016  01:46 am  Show Profile   Bookmark this reply Add punman to your friends list Get a Link to this Reply
I have been tracking graded silver dollars on ebay for about 6 months - auction only - not direct sale.
I only record graded by ICCS, NGC, PCGS - the mainstream ones.
Two 1956 MS 64 have been sold.
With shipping they went for $295 and $282 Canadian.
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Canada
495 Posts
 Posted 01/29/2016  05:54 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
@pacifcoin
I'm sitting here with a coffee and a 56 that I have in hand that I have been curious about with OBV side having that lustre effect that you describe. I was reluctant at first to bid on this coin in an auction some months ago but a friend of mine suggested going for it because it was in an old small white holder slab from Anac and he assured me the grade from those holders were probably done right it is an MS65. Thanks for the info Jack
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 01/29/2016  10:14 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The older small white ANACS holders are very popular with some dealers and collectors. They could be a little funny in their terminology .Just make sure that your white holdered coin is NOT a PL. Sometimes on Canadian coins in these holders the Description will be "1956 Silver Dollar MS65 PL " this happened frequently on those holders.
I send a fair amount to ANACS and their later yellow gold holders for Canadian Decimal are fairly conservatively graded and for the most part would easily cross to ICCS.
Also you cannot beat the price as compared to PCGS. In my opinion Paul DeFelice and the gang at ANACS do a pretty good job. Definitely value for money.
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Canada
495 Posts
 Posted 01/29/2016  4:10 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
@pacificoin

The MS65 I have is not a PL. Ill see if I can take a decent pic and let you know when I upload it.
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Canada
495 Posts
 Posted 01/29/2016  5:38 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply


1956-Canadian-Silver-Dollar-MS-64
Valued Member
Canada
495 Posts
 Posted 01/29/2016  5:39 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply


1956-Canadian-Silver-Dollar-MS-64
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 01/29/2016  5:40 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Nice coin by the looks of it.
Edited by Pacificoin
01/29/2016 5:40 pm
Valued Member
Canada
495 Posts
 Posted 01/29/2016  5:41 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
@pacificoin

here are pics of the 56 in Anacs SWH there is lustre on the obv but does not show too good in my pic.
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 01/29/2016  5:45 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
It could be a possible PL coin.

Many early US slabs had the PL and MS coins graded incorrectly.

I'd be interested in hearing other people's thoughts on this coin.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 01/29/2016  6:17 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
I just blew up the Photo , Double eagle is right it is a PL coin and not a business strike IMHO.
That said note the roughness and poor strike quality at the centres, especially the Canoe. This is quite typical for a 1956 Dollar either business strike or PL
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Canada
495 Posts
 Posted 01/29/2016  7:39 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
@pacificoin and doubleeagle

I have a 56 PL coin and there is a big difference in the lustre to me when I put them side by side. The PL is much brighter and has that "mirror" finish that the MS does not have. I may have ICCS or PCGS look at it if I get antsy about it.

Thanks for input
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 01/29/2016  10:03 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
I'd have ICCS look at it before PCGS.

Put masking tape over the Anacs grade and just simply ask them to identify it as being an MS or PL coin.

There's no way both Brian and Scott at ICCS will make an error with it.
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