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 Replies: 9 / Views: 1,586 |
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Pillar of the Community
Canada
1461 Posts |
Poll Question
With the market as week as it is and with many coins retailing as low as 40% trends, the 48 dollar continues to sell strong with prices well over 80%. Given the availability do you think this coin is overpriced?
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Pillar of the Community
Canada
5324 Posts |
The market is generally pretty correct in it's pricing of key dates coinage
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Valued Member
Canada
228 Posts |
I voted "just right" because if people are consistently willing to pay in excess 80% of trends, then the current "book value" is justified (everyone wants a deal, nobody wants to pay full trends).
That said... if it were on the top of my "to buy" list, I may have been motivated to vote the other way...
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Pillar of the Community
Canada
849 Posts |
I am going to say just right because something is worth whatever someone else will pay- be it coins, cars, houses, beans, Beanie Babies. I have a high interest in Canadian Silver Dollars and have tracked ebay auction sales on well recognized slabbed third party items over the last almost three years for key years. Based on the average of Charlton Catalogue and Trends prices versus actual sale price with shipping and tax if applicable, I found the following: 1945 F-15 to MS 62 sold at 77.1% of catalogue/trends listing. 1947 Point F-15 to MS 60 sold also at 77.1% of catalogue/trends listing. 1947 ML VF20 to MS 62 sold at 83.3% of catalogue/trends listing. 1948 EF40 to MS 62 sold at 90.1% of catalogue/trends listing. I did not include higher grades as my sample was too small. Last year I bought a TPG 1948 at 89.6% of Charlton/Trends average at a local coin show. I wanted to buy one the year before but was only willing to pay/bid 75% and found I could not obtain one at that price. If I wait ten years maybe I could pay 75% but at my age I could be dead or blind and not able to enjoy it! Edited by punman
08/21/2016 7:25 pm
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Pillar of the Community
Canada
2845 Posts |
I voted "just right". I think it's done well to sustain its price over the past couple of years. Considering a general softening, it could be said the 1948 has somewhat increased in value as the overall gap has widened. Every country needs a standout and the 1948 SD is ours....deserving or not it serves as a benchmark.
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Pillar of the Community
 Canada
5394 Posts |
Slightly overpriced as you have your choice of 15 to 20 on any given day. Properly priced as supply seems to meet demand.
Underpriced in superb Gem. What a conundrum!
In all seriousness, I personally feel the 1948 Dollar is the most overrated coin in the entire Canadian Decimal series. Just slightly ahead of the 1858 Large Cent.
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Pillar of the Community
 Canada
5589 Posts |
Ditto what Pacific said. Any coin show is littered with 1948's and 1858's. It's just that they were recognized early on and the initial scarcities nnever actually happened .. just the history or the mystique hung on to make people think that they are rare. Phooey.
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Moderator
Canada
10458 Posts |
I call the 1948 dollar a "money coin". Meaning, if you want one, they are easy to find in mint state condition and all it takes is "money" to buy one...
"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
5241 Posts |
I voted just right because I cannot argue with the market.
In a sense it is over-priced because of the mystique, but the mystique is real (if intangible) and more mystique means higher prices.
Of course I would prefer it at half trends, but that is not going to happen. Maybe there are 20 at every show because it is a coin that everyone wants.
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Pillar of the Community
 Canada
1461 Posts |
Interesting comments. Given availability, I personally find the coin overpriced (yes one can say the market creates the value) and yet in comparison to many other key year coins, it outperforms. So many more interesting key years and varieties that don't come near 80%+ (or cost between 1-3K). Take a 66 small bead or some interesting vicky varieties in high grade. By far a more rare and more difficult to find and yet not all that much more expensive. As noted here, 1858 in the same category and I would add the 1925 nickel to the list (and the 53 mules).
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Replies: 9 / Views: 1,586 |
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Posted 08/21/2016 4:50 pm
