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 Replies: 10 / Views: 5,238 |
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Valued Member
Canada
98 Posts |
Most RCM products come with a certificate with a serial number on it. I was wondering if, as with banknotes, certain serial numbers are desirable to collectors (and might fetch a premium). Or if it is just there as information. |
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New Member
Canada
2 Posts |
I will be happy if I got a coin with single digit serial number.
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Pillar of the Community
Canada
644 Posts |
Certain numbers definitely catch a premium. Single digits are good to get, anything below 500 imo is good, RADARS are good too. Matching numbers to certain coins (i.e. 50th anniversary coins with COA# 50) also command a premium.
Edited by CoinCanuck94
08/02/2017 12:26 am
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Valued Member
 Canada
98 Posts |
Thanks for the info. After a look through my coins my only serial number that fits those descriptions is 24442 (a radar), but I will be looking out for others as I get new coins.
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Pillar of the Community
Canada
6768 Posts |
Majority of the public look for "good numbers", ie " single digits" (cause people believe that they are first minted) or like was said Anniversary numbers or Lucky Numbers. And need to understand, that unlike Serial Number of banknote, here we have Serial number of Certificate (not the coin), while very rarely it appears on the coin as well. Quote:
After a look through my coins my only serial number that fits those descriptions is 24442 (a radar) The '24442' if will be mentioned, might distract many people due to '444' Added:I had to add the bottom line - sorry to say, but I would leave this (number on the COA) for the personal enthusiasm....The coin itself (in 99% cases) will drop 30%-50% in value after one year, so no need to bother by potential premium due to Serial Number. But despite the bottom line :) It will be nice if you can find recent RCM set with COA 1867 or 1967 or 2017.Edited by Silveroid
08/02/2017 07:57 am
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Pillar of the Community
Canada
3733 Posts |
silveroid..where to you have proof of 99% of coins being bought for 30-50% less of value 1 year after release..i would love to know what you use for reference,,
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Pillar of the Community
Canada
2984 Posts |
Unlike currency, the serial number is not printed on the coin, so you are basically paying a premium for a COA (certificate of authenticity). While there is a lot of currency collectors that specialize in so called "fancy numbers" like radars, solids, low serial numbers, and repeater notes, is there a equivalent on the coin side? I don't believe there is a subset of coin collectors that collect unusual numbered COAs. After all, there is no difference between a coin with COA# 1 and a coin with COA# 3752. Unless you collect COAs.
In the Charlton Currency Catalogue there is a entire section devoted to "fancy numbered" currency. There is no such section in the Charlton Coin Catalog for COAs.
Edited by MoneyPenney
08/02/2017 10:43 pm
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Pillar of the Community
Canada
6768 Posts |
Quote:
silveroid..where to you have proof of 99% of coins being bought for 30-50% less of value 1 year after release..i would love to know what you use for reference,, My observation (just today visited Canada Post branch and there were 2015 and 2016 coins with 35% discount). Basically, bring any (except widely known as 'hot') NCLT coin to dealer and you will be offered silver or gold spot price (depends on the metal). Went to ebay and searched for "Canada 2015 silver coin" sold listings. Result - except Bullion Coloured / Gilded funny SMLs - majority of RCM NCLT sold with big discount. (interesting fact - time ago CA sold tribute to Nickel coins with discount, and recently GW managed to sell couple of them for issue). You right, not 99%, but very close percentage. |
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Pillar of the Community
Canada
2984 Posts |
When it comes to the drop in NCLT prices, a good indicator is coin auctions. You can check Colonial Auctions, Auction Network, Canadian Numismatic Company and you will see NCLT coins going for 30-50% of issue.
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Moderator
 Canada
10456 Posts |
Remember that the Farewell to the Penny rolls with roll number #10,000/10,000 went for crazy money...
"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
2984 Posts |
Quote:
Remember that the Farewell to the Penny rolls with roll number #10,000/10,000 went for crazy money... It was #20,000 out of #20,000 that sold for US$6600. http://www.ctvnews.ca/canada/last-r...on-1.1180288That just proved there is a sucker born every minute. The roll was not really the last roll sold from the Mint. It just have a wrapping with #20,000 on it. From what I understand, coins are poured into a hopper and fall into paper wrappers and a COA is stuck on it. It could the 1st roll for all we know. If the buyer were to sell it today he will have a tough time getting close to $6600. No dealer or auction would pay such a high price for it. Besides, are there any other coin with unusual serial number COAs that sold for big bucks? Edited by MoneyPenney
08/03/2017 12:38 am
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Replies: 10 / Views: 5,238 |
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Posted 08/01/2017 9:25 pm
