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Your Opinion Please On This Numismatic Matter.........

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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 12/28/2016  10:45 pm Show Profile   Bookmark this topic Add doubleeagle59 to your friends list Get a Link to this Message Number of Subscribers
Recently, a reputable coin dealer from the east coast has purchased a 30 ton press and is using it to stamp various anniversary dates on Canadian coins.

Although I find this dealer to be terrific to deal with, I do however find this practice of him stamping Canadian coins to be a troubling one.

Here's a couple of his items and I'd like to know what you think of this.

http://www.ebay.ca/itm/1917-Canada-...AOSwImRYZCpY



http://www.ebay.ca/itm/1917-Canada-...AOSwa~BYYtOX




Your-Opinion-Please-On-This-Numismatic-Matter.........






Your-Opinion-Please-On-This-Numismatic-Matter.........
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Andrew99's Avatar
United States
1533 Posts
 Posted 12/28/2016  10:57 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Looks like he is making store cards from real coins. What is the problem?
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Russian Federation
5172 Posts
 Posted 12/28/2016  11:46 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
It's perfectly legal, as far as I understand, and not that much different from what Carr is doing. (Though a lot less pretty.)

Mind you, it pains me to see that sort of stuff done to higher-grade old coins (as those appear to be). Especially since one can barely read the new lettering anyway.
Valued Member
Canada
220 Posts
 Posted 12/28/2016  11:54 pm  Show Profile   Bookmark this reply Add twoods to your friends list Get a Link to this Reply

Even though the message being put on the coins is a good one and bears historical references, I would personally rather see the coins left as is and not altered...
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Canada
9863 Posts
 Posted 12/28/2016  11:58 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
These coins are still legal tender.
It is illegal to deface Canadian currency.
Not likely that the RCMP will come knocking though.
Canadian dealers regularly sell counterfeits and stolen coins with impunity.


Quote:
It's perfectly legal, as far as I understand, and not that much different from what Carr is doing. (Though a lot less pretty.)
What Carr is doing is legal in the US but would not be legal in Canada.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
12/29/2016 12:07 am
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sel_69l's Avatar
Australia
21786 Posts
 Posted 12/29/2016  12:29 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Just a form of deliberate post mint damage.

I would pass on it, if I found such in a dealer's junk box.
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joeysanders627's Avatar
United States
408 Posts
 Posted 12/29/2016  01:00 am  Show Profile   Bookmark this reply Add joeysanders627 to your friends list Get a Link to this Reply
That coin is worth melt now.
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llewellin's Avatar
United States
1005 Posts
 Posted 12/29/2016  01:06 am  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
This makes me a bit sad. Why could he not simply be satisfied with placing the coin in a flip with a card indicating its historical significance? Those coins look pretty bad, what a waste.
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Canada
1442 Posts
 Posted 12/29/2016  02:23 am  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
Destroys any value the coin had and is ugly as...
Edited by canadian-varieties
12/29/2016 02:23 am
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spru's Avatar
United States
12477 Posts
 Posted 12/29/2016  03:01 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
"Especially since one can barely read the new lettering anyway."


That's what I thought. I had to look very close to make out all of the stamps. Fairly poor planning, I think.

My main problem with this is trying to sell them for profit after the stamping is done. If he were giving them away for some purpose specific to the business or personal reasons I say go for it. Intentionally defacing coins like this to try to increase their value to sell is a little on the weaselly side to me.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Canada
5585 Posts
 Posted 12/29/2016  03:35 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
I'm not so sure that pennies are actually legal tender ... in the US I thought that it was the only coin that WAS NOT legal tender. You can't dump $1000 worth or so on someone's desk to pay a bill, nor are banks really REQUIRED to take them as a deposit .. they will, but are not required to. I think that it may be the same up here in Canada, but surely could be wrong..
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trimble's Avatar
Canada
299 Posts
 Posted 12/29/2016  03:37 am  Show Profile   Bookmark this reply Add trimble to your friends list Get a Link to this Reply
He could be just having fun with the press. I'm sure I'd wreck a few things too playing with it! The pennies seem to be circulated...
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spru's Avatar
United States
12477 Posts
 Posted 12/29/2016  04:10 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
This is off topic, I know, but, YES, US pennies are legal tender, but businesses (including banks) can lawfully decide what they will and will not accept.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/29/2016 04:12 am
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 12/29/2016  05:51 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
My honest opinion.. I don't like them.
And, needless to say, would not pay $25 for one.
Edited by SHAFTA9a
12/29/2016 05:52 am
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oriole's Avatar
Canada
5239 Posts
 Posted 12/29/2016  06:47 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
This is just a modern example of something which has been going on for nearly 200 years. I might pay 50 cents for it as a curiosity.
I like the idea of the coin and the event of the same year being matched, but the esthetics of how he has done it are off. It would have been nicer, for example, if the cent had been encased in a ring that had the commemorative information around it. Even better from a commercial point of view, and with no damage to the coin, would be having the coin in a plastic blister with a short informative story on the cardboard, something that has been done with great commercial success many times.
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Canada
1463 Posts
 Posted 12/29/2016  08:50 am  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
I'm all for it. If this is what it takes to create interest and reduce supply. I think it's kind of interesting, would make for good tourist items.

A question for those who disagree with it. Would you buy any of these dates non stamped for catalogue or even 25 cents? Or say on ebay, knowing it would cost a couple of bucks to ship ?

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