| Author |
 Replies: 8 / Views: 1,646 |
|
|
Valued Member
Canada
220 Posts |
Hello everyone,
I hope summer is treating all of you well!
I have been considering buying a Victorian 25 cent piece Canadian and noticed there are two 1889s listed on E-Bay in F-15 condition at a pretty big difference in price.
My question here is: Are either of these coins a decent investment, how scarce are they, which of the two is nicer, and ultimately what would be a fair price to offer?
As usual I want to check out the community's thoughts here before rushing into a purchase. Thanks to everyone, you are all a very good resource and your help is appreciated.
|
|
|
|
Pillar of the Community
Canada
2845 Posts |
i don't have a knowledgeable answer to your questions, but of interest to anyone who collects ICCS bloopers, notice the grade on this 1889 25c: 291799913849It'd be "fair" to say, it's most certainly not. |
|
Valued Member
Canada
320 Posts |
Fair2 (Fair) is an appropriate grade on this.
It's bottom of the barrel, can't get much worse.
Maybe you are confusing Fair with Fine?
|
|
Pillar of the Community
Canada
2366 Posts |
We've bought a few times from canadiannumismaticrarities without trouble. No experience with the other seller. That being said, I wouldn't consider either of these as 'investment'. For this coin and grade I would consider $500 total including taxes and shipping as 'collectable' (IE if it was a new coin or upgrade for our collection). But it would have to go down to $350-$400 before I'd consider it a reasonable chance at a break-even future sale (IE borderline 'investment'). Unlikely either seller would consider that price range. Are you worried about Closed 9 or Open 9 as the variety? http://coinsandcanada.com/coins-pri...ts-1870-1901 |
|
Pillar of the Community
 Canada
9864 Posts |
 Both are overpriced for todays market, have patience and you should be able to get one in the $350-$400 range. "Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
07/26/2016 10:44 am
|
|
Pillar of the Community
Canada
2845 Posts |
Quote:
Fair2 (Fair) is an appropriate grade on this.
It's bottom of the barrel, can't get much worse.
Maybe you are confusing Fair with Fine?
Maybe so, it was late. LOL! |
|
Valued Member
 Canada
220 Posts |
Thank you Kuh 85 and everyone responding, not worried about closed 9 or open 9 variety...in fact, not even hung up on an 1889, just looking for something Victorian for a fair price with a chance of breaking even or some modest price appreciation If these coins are overvalued would anyone be able to suggest something on ebay that would fit the bill that is a fair price? I would consider all denominations...just looking for something problem free and scarce, thanks! |
|
Pillar of the Community
Canada
1505 Posts |
Victoria 50 cents are always popular, seem to hold value and nice looking coins. But you are not going to find them at a discount very often. If you are looking to make money, you pretty much need to find someone that is selling the coin for less than market value, which is not always easy on ebay, as almost everyone is trying to do the same thing. Best chance for appreciation are high MS coins with great appeal and in most cases pre George VI. If you are trying for break-even, that means you need current market price -13%. |
|
Pillar of the Community
Canada
2366 Posts |
As a general rule, the scarcer (by year and/or grade) the better of course. Price lists give you a good way to narrow down on a few choices.
As another general rule, you'll need to pay 50% or less of the price list value to have a decent chance of break-even or better on it over time. Best to use 2 or 3 price lists (Charlton, coinandcanada.com and Trends are some choices) and take the lowest price as your starting point. Auctions are your best hope for achieving this but don't completely ignore BINs. I always give a chuckle when I see keen bidders on an auction taking it up noticeably higher than the lowest BIN price available. But Auctions require more time investment so keep in mind how much your time is worth if anything. Prices don't seem to be dropping any more the way they did after the financial crisis but they aren't showing what I would call a sustained rebound yet either. Could be we're at or near the bottom. Could be we're just coasting to the next cliff... :-)
|
| |
Replies: 8 / Views: 1,646 |
|
Posted 07/26/2016 12:36 am
