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 Replies: 17 / Views: 4,675 |
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New Member
Canada
49 Posts |
I have a lot of newfoundland coins I am to sell online. My father had collected them for years and now wants me to sell them. Doing some research even the most common dates are very low mintage compared to rest of Canada. I really don't understand how a lower grade 50 cent coin (for example vg) could only be worth $8.50 with mintage at around 300,000 . I just really don't think I can sell them that low in price. I was thinking they should be at least worth $15 a piece and still that seems so low. Would love to get opinions on this topic please.  |
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Pillar of the Community
Canada
3049 Posts |
Newfie coins have frequently been called "sleeper" coins... low mintages ... nice rarities... just haven't had a LOT of interest as of yet...
You're the seller.. if you think they're worth $15 bucks... have that as your BIN price and wait for a buyer.. if you NEED to sell put it at .99 start and see what the current market sets for the piece.
Good luck
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Pillar of the Community
Canada
2187 Posts |
I auctioned about a dozen a year and a bit ago (individually on ebay). I got somewhere around $8-10 each. They were 1917C-1919C, all between G6 and F12. |
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Pillar of the Community
Canada
1747 Posts |
just because things are rare or old does not mean that they are highly valuable. There are always, ALWAYS, 2 things determining value of anything. Supply and Demand.
Just because there is a low supply does not mean the demand automatically goes up.
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New Member
 Canada
49 Posts |
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Pillar of the Community
Canada
2366 Posts |
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Pillar of the Community
 Canada
5394 Posts |
Over the past few years the market for Newfoundland coins has been quite weak for common items. The better date Victoria coinage in GVF or better is quite strong as it is quite difficult to find problem free pieces , especially 5 and 10 cent coins.
The problem with a wider market appeal for Newfoundland Coins is where to classify them. They are technically world coins and NOT a part of the Canadian series ( like C mint sovereigns ) even though collected as such.
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Moderator
Canada
10458 Posts |
There is an expression that some coin dealers use... Quote:
The only thing scarcer than Newfoundland coins, are Newfoundland coin collectors... edit: dang, kuh_85 beat me to it!!  "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
5394 Posts |
Since I am half Newfy , I will take ear one furdder boy....... " the fish may de dare , but ya needs da hook to land em"  . It's not all bad though , ask Hugh Powell. |
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Moderator
Canada
10458 Posts |
Yes, key dates or grade rarities are always in demand...
"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
2495 Posts |
I've heard that same 'sleeper' theory for Newfy coins for the last 40 years. If you want the true current value of them, list them on ebay and start them for a $1 each and they will all sell for their 'true' value. |
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Valued Member
Canada
299 Posts |
I have to admit, I'm a newfie coin collector! Started about 2 years ago and quite like the availability and pricing. As SPP mentioned, some of the rarities can be buggers. |
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Pillar of the Community
Canada
1046 Posts |
Edited by torgemco
02/16/2016 10:00 pm
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Valued Member
Canada
160 Posts |
They do seem to be rather a bit of a sleeper series, even out where I live, where there are very few serious collectors. I for one like them very much, and they are going for rather low prices considering mintage, compared to the "regular" Canadian coins of the era. Now's a good time to buy! The other day I got a 1904 Newfoundland 1 cent coin, for in about Fine grade, for only $15.00. A good buy in my opinion.
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Valued Member
Canada
495 Posts |
I consider Newfie coins just as Canadian as any others and as mentioned. in higher grades they are rare and valuable. I have a few from Belzberg collection and one I almost sold but am keeping which I had posted for sale on this site few months ago and opened up an interesting trail for me it is a MS65 1870 20 cent and only one in PCGS pop report and the last time I checked ICCS they had only 2 MS65 noted. The coin was originally graded as a Specimen but changed to MS which was verified by PCGS in writing for me so after all that it will not be sold by me while I'm still standing, maybe by others but for now I cherish the coin and the history/pedigree associated with it.
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Pillar of the Community
United States
5362 Posts |
I really like Newfoundland coins along with a lot of other island nations with extremely low mintages. My mother's family was Canadian from New Brunswick, Nova Scotia, PEI and Newfoundland. So I too have a heritage there.
I collect these for myself and my family. NOT FOR PROFIT POTENTIAL. I hope someone keeps them in the family and appreciates where they are from.
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Replies: 17 / Views: 4,675 |
Posted 02/16/2016 12:23 pm
