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 Replies: 17 / Views: 6,275 |
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Valued Member
Canada
98 Posts |
Greetings, I'm a rookie collector and just bought this one in the June Torex Auction. Graded PCGS PL68. The finest of only two examples known. Mr. Serge Pelletier has confirmed they will be in the 2018 Coins of Canada and Charlton confirmed 2019 edition as 2018 already in print. Should these two coins be on Canada's 10 Rarest Coins list? Thank you  |
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Pillar of the Community
Canada
1984 Posts |
Very nice coin and welcome to the forum!!
Not too many rookies start with $20,000 coins.
In coins, things like "10 rarest" lists are a bit tricky in my opinion. There are a number of errors that are very, very rare. But I am not sure any of them belong on a 10 rarest list. For me those lists are reserved for rare coins that are nonetheless "normal".
Regardless, a very nice example of a rare error.
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Valued Member
 Canada
98 Posts |
Thank you for your welcome and reply Smallcentguy. I think I got a great deal. Regarding rarest coins, the 1969 Large date dime was an error and it's on the list. Please read link; http://www.coinsandcanada.com/coins...ts-1965-2016Thanks again, RichVG |
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Pillar of the Community
Canada
5324 Posts |
Apparently the first one sold for about 3 times this price, it's a cool error with no eye appeal until you see the label, there is also a chance many more are in sets waiting to be found. You can buy a lot of wicked errors for under 20,000.00 but enjoy it's a really cool coin.
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Pillar of the Community
Canada
1463 Posts |
That is a really cool muling error! I would say it should be included on the list if there was circulating examples discovered imo.
Edited by Alan
08/16/2017 10:20 am
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Valued Member
Canada
98 Posts |
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Valued Member
Canada
98 Posts |
Thanks Alan, but don't forget the 1911 silver dollar. "Only three specimens were made not as an actual coin for circulation but as pattern coins" Only two known today. Last sale 2003 for $1,000,000 http://www. (126) Not Allowed - Auto-Removed .com/article/rare-canadian-coins.html |
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Pillar of the Community
 Canada
9865 Posts |
Being that it is a PL strike, that only two exist, and there is no evidence of these coins intact in a packaged set, odds are almost compelling that these coins are back door jobs.
There is no way you can compare them to 1969 large dates as those were varieties, not errors, circulation coins actually found in circulation.
Rarity and desirability, or value if you will, are not synonymous for this hobby.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
08/16/2017 10:50 am
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Valued Member
Canada
98 Posts |
Thanks DBM, I been a rookie collector for some 30 years with a fair collection, but this coin was also an investment. Back door job may be correct?
Regarding the 1969 large date, from Coinsandcanada:
"When the 10 cents 1969 were made, there was an error in the matrices. Inadvertently, some Large date coins where made instead of the Small date." Cheers, RichVG
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Pillar of the Community
Canada
1463 Posts |
This is true regarding the 1911 dollar.
but there are also other specimen patterns of other denominations with same rarity that aren't on the list for the very reason that they're a variant of the denomination that already exists in that current year.
The 1911 dollar, there's no other variation- only 3 1911 dollar denominated coins exist. It is a one year type. Also its a piece if Canadian history and a very storied coin. The storey and history is half the battle of getting recognition in price.
This is the reason the market values it as such, though, it does seem like semantics.
drumming up interest in a coin can be difficult- the coin audience is fickle.
It may prove to be an investment if you can create and build the interest- such as through charlton as you mentioned.
Edited by Alan
08/16/2017 12:42 pm
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Valued Member
Canada
98 Posts |
Thank you Alan, I bow to your and other members comments and expertise. This is an excellent coin community!
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Pillar of the Community
Canada
1463 Posts |
Thanks for sharing that coin, I will say imo it is the most amazing mule of all mules, and it's triple dated!
How it was released would be speculative, I don't have an issue with it being released through normal selling channels unless other proof emerges. I don't believe many if any would remain in sets because they'd stick out like sore thumbs- the moment one views the queen side of the set. on the other hand... so the mint employee mistakenly got the dies mismatched, only for 2 strikes and realized it - changed it- and didn't recover the 2 struck?
That's what makes mules great... the wonder!
Edited by Alan
08/16/2017 2:18 pm
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Bedrock of the Community
United States
74707 Posts |
Nice! What a good start to a new coin collecter. :)
Errers and Varietys.
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Moderator
 Canada
10460 Posts |
"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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Moderator
United States
23522 Posts |
There are, to my mind, some parallels between "mule" coins, and other "errors" of this type, and the PED scandal in American Baseball. Achievements reached with pharmaceutical help are perceived in many circles as less "worthy" than those come by in more natural fashion, and so it is with numismatic issues which seem patently impossible without external "help" from a Mint employee. This is a highly impressive coin, and would undoubtedly be a target for some collector who would cheerfully offer the current owner a substantial profit should he wish to sell it. But, for me, I cannot view it in the same mindset as I would an "issue" error. If, at some point, the RCM acknowledges it as one of their own, genuinely created by error on their part, my opinion would change. But this is purely my personal opinion. |
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Valued Member
Canada
98 Posts |
Thank you SPP-Ottawa and SsuperDdave, I have just emailed my RCM contact (he sells me coins:) for instructions regarding the obtaining of a statement/acknowledgement of the two 1993 25c mules being inadvertently struck coins. Will keep you posted. Cheers |
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Replies: 17 / Views: 6,275 |
Posted 08/16/2017 09:59 am
