1870 Newfoundland $2 - Coin Community Forum

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Author	Replies: 5 / Views: 1,828
thq Pillar of the Community United States 3343 Posts	Posted 10/04/2016 4:44 pm I paid not much over melt for this coin, hoping I could improve it using silver test solution Most of the solder came off but unfortunately the solder had been used to conceal a plug and some filing. Oh well. It's an interesting pocket coin. This coin is equivalent to $2 US, not $2 Canadian. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 10/04/2016 4:52 pm Report this Post to the Staff

bpoc1 Rest in Peace United States 4078 Posts	Posted 10/04/2016 5:16 pm Interesting coin. Still learning about early Canadian coins. Why this remark, Quote: This coin is equivalent to $2 US, not $2 Canadian. ? Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 10/04/2016 5:32 pm I am curious about that statement too Report this Post to the Staff
Finn235 Pillar of the Community United States 6130 Posts	Posted 10/04/2016 6:29 pm Sorry, with the exchange rate and all, best I can do is $1.55 Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 10/04/2016 7:32 pm The first thing I check on bullion coins is their weight. This one weighs 3.3 grams, exactly double the weight of a US gold dollar. The gold fineness is higher than US standard .900, at .917, so it's actually worth a little more than two US gold dollars. https://www.NGCcoin.com/price-guide...81-duid-1624 Though the mintage on these is low, they trade close to bullion in low grades. This is the first one I've ever seen. Canadian gold $5's and sovereigns usually sell at a premium even in low grades, so it's surprising that the older Newfoundland coins don't. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 10/04/2016 7:42 pm Report this Post to the Staff
Spence Moderator United States 34402 Posts	Posted 10/04/2016 7:33 pm Quote: It's an interesting pocket coin. I agree! "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
	Replies: 5 / Views: 1,828

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