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1944 Tombac 5 Cents Available If You Have $400,000......

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Canada
1984 Posts
 Posted 04/29/2018  7:18 pm Show Profile   Bookmark this topic Add Smallcentguy to your friends list Get a Link to this Message Number of Subscribers
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JimmyD's Avatar
Canada
21614 Posts
 Posted 04/29/2018  7:33 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
No sense bidding, seller doesn't ship to Canada.
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bobby131313's Avatar
United States
24164 Posts
 Posted 04/29/2018  7:40 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
If I'm not mistaken those regency holders carry a premium to some too.
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Canada
5324 Posts
 Posted 04/29/2018  8:13 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Well the asking start price is well above my guestimate for what it was worth, I believe the 11 dollar sold for just over million Canadian, but there are a lot of 5 cent collectors. Although really cool, I believe this is just a wrong metal error
Edited by john100
04/29/2018 8:18 pm
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KHatt's Avatar
Canada
291 Posts
 Posted 04/29/2018  10:35 pm  Show Profile   Bookmark this reply Add KHatt to your friends list Get a Link to this Reply

There was an article about this in Canadian Coin News a few issues ago.

Officially the mint reports that some 6,000 or so 1944 tombacs were struck and issued in early 1944. It could have been that they made them before the decision to switch metals was made, or, maybe it being the war, they decided to use all of the blanks they had on hand so as not to waste.
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OneDollarMule's Avatar
Australia
338 Posts
 Posted 04/30/2018  12:41 am  Show Profile   Bookmark this reply Add OneDollarMule to your friends list Get a Link to this Reply
For reference, the same coin sold in 1999 at Heritage for 30,500 (hammer price). They do state in the information it was an RCM regular issue. If thats true it would be unlikely to be an off metal error. Interesting piece!
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Canada
9864 Posts
 Posted 04/30/2018  01:08 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply

Quote:
If thats true...

And that's the key to the value of this coin, there are many reputable numismatists who believe it is indeed an off metal error and articles have been published in support of that theory of origin.
"Dipping" is not considered cleaning...
-from PCGS website
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Canada
5324 Posts
 Posted 04/30/2018  09:10 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Even the 21, 50 cents piece where most believe there are about 50 to 80 left in circulation, you have everything from a G3 to MS 66 This coin is a one of kind very well circulated unit, if some 8000 where minted, most likely many more MS examples of this coin would exist, but it still is really cool
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Cdncoins's Avatar
Canada
999 Posts
 Posted 04/30/2018  8:13 pm  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
I'm very curious why they are trying the ebay route rather than Heritage. I suppose there is less spread that is taken. Anyone placing a bet on if this will sell for at least the starting bid?

BTW, they don't ship anywhere. They will meet you in any major U.S. city.
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Canada
5324 Posts
 Posted 04/30/2018  9:44 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Most likely Heritage estimate was no where near the owners starting price, it's maybe a 100,000 or slightly more depending on demand, but you never know with auctions
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thedollarman's Avatar
Canada
4911 Posts
 Posted 05/01/2018  08:38 am  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list Get a Link to this Reply
very interesting but it seems like more of a publicity stunt than an attempt to sell the coin.

the eye appeal isn't that great but I still have to drool, it is what it is
Feel free to call me Will.
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JeyRey2000's Avatar
Canada
743 Posts
 Posted 05/01/2018  10:16 am  Show Profile   Bookmark this reply Add JeyRey2000 to your friends list Get a Link to this Reply
Too bad I only have 399,999 available, maybe he will lower his asking.
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basebal21's Avatar
13014 Posts
 Posted 05/01/2018  9:50 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply


Quote:
I'm very curious why they are trying the ebay route rather than Heritage. I suppose there is less spread that is taken.


The ebay fees are WAY less than heritage at those price points as they're capped for sellers. That said it could just be an advertisement before it goes to auction at some point.
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