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Valued Member
United States
467 Posts |
Just a general observation but it seems to me that the Canadian coin market is starting to perk up after its long slumber. I've noticed that auctions on ebay seem to be resulting in better prices, and a lot of the coins that I have had on my watch list are starting to sell. Of course the crap coins still linger. Anyone else see this or is it just me? |
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Pillar of the Community
Canada
849 Posts |
I have been tracking graded ebay auctioned (like ICCS graded) Canadian silver dollars for the last three years. Some are up a bit and some are down a little over the three years but I would say that overall the average is about the same - pretty flat. The less common coins like the 1947 ML and 1948 are going for 86% to 91% of trends including shipping, but then they did go for that three years ago anyways. More common graded dollars seem to be going in the 70-85% range but there are always exceptions. I cannot speak for the increase or decrease of other denominations. I collect them from 1937 on but have not tracked them Edited by punman
08/09/2017 10:25 am
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Moderator
 Canada
10458 Posts |
The market tends to by cyclical by season as well... lots of coin shows in the summer, people travelling to coin shows as part of their vacations... summer and fall are usually better sales for me on ebay, than say Christmas through to March... "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
2495 Posts |
Canadian market is still comatose, don't kid yourself. My key indicator besides ebay, is what dealers pay for ICCS material (even the 'garbage' coins). Before 2008, almost all dealers would pay 60% of trends, basically sight unseen. Why? Because they would sell it very fast at the coin shows as coins were moving back then. Now, you're lucky to find a dealer that pays 35% of trends, as most don't even want to buy at all because nothing is moving in their showcase. Basically, if you want to value your coin collection, just take 50% of trends and stop right there. Add it up, then go sit down and have a few beers. |
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Valued Member
Canada
276 Posts |
When the interest rate went up here in Canada by a quarter point, the Canadian dollar went up versus the U.S Dollar. My guess is some Canadian coin collectors jumped back into ebay, myself included. Perhaps, that is what you are seeing justanothercoinaddict? |
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Pillar of the Community
Canada
1984 Posts |
I think another factor in the lousy market for ICCS coins is the explosion in the number of coins graded by ICCS. I don't have the reports at hand, but I suspect if you look at the total population of a typical group of coins.....say the ICCS MS65 George VI cent population.....you would see a very significant increase in the graded population over the last 10 years. I think that the combination of grading services providing opinions that some people will accept "sight unseen" plus the ability to easily and safely transact on the internet has created an explosion of eligible material readily available to buyers. In the past, much of this material would have quietly gathered dust in closets or basements. At the same time the number of buyers may be flat or down. Another way to look at this.... There are currently about 11,000 small cents available to buy on ebay. I remember when I first starting seriously trolling ebay the number of listings was around 4,000. For sure the number of buyers has not kept pace. The good news is that the "true"supply of material (including that which is for sale and what is locked away) continues to fall on an ongoing basis due to the ARP and silver melting. |
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Pillar of the Community
Canada
2366 Posts |
Has seemed pretty level to us the last couple of years. Our experience is almost the opposite of SPP's though. Our highest sales occur Xmas-March. Personally I think the market has fragmented significantly in the last five years or so. By # of coins being issued by the RCM on both the circulation and NCLT sides, by sales channels, by the higher proportion of top grade coins the RCM puts out compared to say the 80's or 90's (see your example of # of graded pennies floating around now and prices they're getting), by the reduction in the relative wealth of the middle class, etc etc. With different fragments going in different directions at different times. Each of us sees our own fragment fairly well but trying to extrapolate the overall market has become much more difficult. |
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Pillar of the Community
Canada
5394 Posts |
July is always a slow time it seems Used to close our shop for the first two weeks of July back in the day. ebay this July perked up a bit the last week of the month and August is fairly steady, so far. it is encouraging ! I agree with DE that the Canadian market is still currently no great shakes . However other stuff ( world and US coins) not too bad. Also have to agree with Kuh85 seems the XMas to April period is the best for sales. |
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Replies: 7 / Views: 1,571 |
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Posted 08/09/2017 10:39 am
