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Replies: 16 / Views: 5,599 |
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Pillar of the Community
Canada
1081 Posts |
Hello Coin People, I've recently decided to focus my collection on Newfoundland coins - at the moment I'm most interested in completed the 20 cent but I have a decent start on the 5c and 10c as well.
I'm wondering whether anyone could recommend a decent guide for this material? I have Charlton vol 1 which has a little bit of info but I suspect there's a great deal more to know.
Also, if there are any other Newfoundland coin enthusiasts out there who would like to chat please feel free to say hi. I'd be most interested in chatting with anyone who knows this area. I'm learning fast but I've got a long way to go. Justin
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Pillar of the Community
Canada
576 Posts |
I like the series but it's asleep. And it's been in bed for a long time. I can't recommend any books but I can recommend the fifty cent Victorias. One of the best and most impressive portraits of the queen on any associated coinage and seen in EF it's amazing.
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Valued Member
Canada
299 Posts |
Welcome Silver 101!
I agree with tamarin, the series isn't super popular. I collect them too, the entire series can be collected without too much trouble...a handful of dates may cost you a bit!
But the chase is the best part!
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Pillar of the Community
 Canada
5585 Posts |
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Pillar of the Community
Canada
5238 Posts |
For a series with such low mintages, it is surprising how little interest there is. Low grade silver 50 cents often sells for bullion.
To be honest, I think that the reverses are a little bland looking-but typical of the era.
Only the small cent has a a modern style reverse-a very handsome pitcher plant.
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Pillar of the Community
 Canada
1081 Posts |
Hello all and thanks very much.
Agreed on all points! Since I started collecting again I've been trying to understand what the determinants of value are. At the most basic it would seem to be grade/eye appeal and scarcity. On the second of those two, the Newfoundland coins are remarkable: produced in 20-50 times lower numbers than their Canadian counterparts. But somehow this doesn't translate into higher sales prices.
But there's clearly more to it than that. And admittedly the Newfoundland are somewhat simple in terms of design and overall quality (aside from the 1 cent) but this is also a bit of a virtue - particularly for the 5 cent coins which are super-rare. The tiny Canadian 5 cent that was around prior to the conversion to nickel never entirely worked if you ask me. They're just so small that the lettering is hard to read and wears away very easily. In contrast, the slightly bigger lettering of the Newfie version is usually legible without magnification. I like that.
As for the obverse, are they really less impressive than the Canadian coins?
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Pillar of the Community
 Canada
5585 Posts |
The problem isn't that the design or numbers of coins out there. The problem is lack of buyers. Even with a mintage of less than 5,000, if there are only 100-200 people who collect them or buy them, then prices will be depressed.
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Pillar of the Community
Canada
576 Posts |
Okie, there's an easy solution and I've discussed it for years. All that's needed is that some celebrity openly discuss how interesting it is to collect Newfoundland coinage and the demand would surge overnight.
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Pillar of the Community
Canada
851 Posts |
The values will go up one day. They have to. Like Tamarin said, one small thing can change it all.
Like it's coinage, Newfoundland isn't noticed so much on the world stage. Eventually it will and there will be ten times as many collectors. Time will tell and in the meantime I'm taking advantage and building a collection that I could never afford otherwise. It's a great time to be an NL collector.
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Pillar of the Community
Canada
851 Posts |
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Moderator
 Canada
10456 Posts |
Barry Borsellin published a book back in 2015, on Newfoundland coin varieties. I am not sure if it is still available, at the time, it was sold on CD-Roms or as a PDF. Not sure if a hard copy was ever published. http://goccf.com/t/212630
"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
851 Posts |
And I don't think the Club okiecouner sent the link to still exists. I know of no NL coin club. I live in NL and have not been able to find a club of any kind.
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Pillar of the Community
Canada
851 Posts |
I don't think that book ever made publication. I've looked for it with no luck.
The only good available reference I know of is the 20 or so pages in the Charleton Guide.
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Pillar of the Community
 Canada
5585 Posts |
Here is part of the RCNA article that I provided a link to: The Newfoundland Numismatic Enthusiasts (NNE) is for collectors of coins, tokens, medals or paper money of Newfoundland (Canada's most Eastern Province). This club was formed on July 22, 2006 at the RCNA convention held in Niagara Falls, and it's still thriving today. Current President Bill Kamb agreed to a re-print of portions or the entire Newfoundland Varieties article which appeared in the club's newsletter The Logbook, Vol. 1, No. 4 (March 2010); and the author who is also a member of the NNE also agreed! Barry M. Borsellino has dedicated more than six years authoring a NFLD Varieties book which has reached 315 pages and Barry expects will be close to 400 when finished. He recently rewrote the introduction which is included here. "The book is nearly complete and I'm weary. Soon it will be time for me to think about other things!" Barry shared. Here is his introduction to A new look at Newfoundland Varieties. "I had never planned to write this book. It just sort of happened! The last that I knew, the club/society was still active, but maybe it's defunct. Here are a couple email addresses for you to find out more. Bill Kamb is still active in the RCNA: Enthusiasts of Newfoundland Numismatics Bill Kamb E-mail: nfld73h@siscom.net Website: http://www.nunet.ca/nne
Edited by okiecoiner 01/06/2020 4:29 pm
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Pillar of the Community
Canada
2781 Posts |
Quote: The values will go up one day. They have to. Like Tamarin said, one small thing can change it all. I don't even think a nod from Oprah would help prices much. There is simply not enough interest.
Edited by Wade 01/06/2020 4:33 pm
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Pillar of the Community
 United States
1348 Posts |
I love collecting Newfoundland, but the series has both supply and demand challenges. The widely disparate mintages produce some very scarce key dates and some dates that are common as dirt. I think that discourages date set collecting of Newfoundland coins in two ways. First, key dates such an 1880 Oval 0 cent and an 1873H five cent are tough to find and expensive in all grades. Let's say you are comfortable collecting NF five cents in VF at a few hundred a pop. To complete a VF date set at some point you have to shell out $4K for the 1873H. Typical stuff in NF collecting and discouraging. Second, quite a few NF coins are nearly impossible to find in anything better than EF. 1880 Oval 0 cent, 1888 cent, 1873H five cent, 1904 Twenty Cent and some others come to mind. Their lack of availability discourages potential NF collectors wanting even higher circulated grade sets. In addition to these supply issues and the well know demand drags (a provincial coinage, did not join Canada until 1949, etc.), demand is low for other perhaps not-so-logical reasons. 1) Right now there is really only one very high grade NF collector at the top of the NF market. He is complete and I suspect only occasionally buys an upgrade when available. Little or no action at the top of the market, IMO slows the pace of the entire NF market. 2) Despite the historically low demand for NF coins, the price for key-date or condition-rare NF coins is not coming down anytime soon. Their owners have invested significant money when buying them and there are no anxious, over-a-barrel sellers of these coins willing to take a loss on a quick sale. Anybody waiting for discounted prices on such coins to jump into the NF market will be waiting a while, which discourages participation. I have a fair amount of money wrapped up in NF cents, because I like the series and very much enjoy collecting them. I never expected to make a profit on them and probably will not. I just do not see the supply and demand dynamics of NF coinage changing very soon. If five well-heeled Gen-X'ers or Millenials wake up one morning and decide to collect NF coinage, I will happily eat my words. All JMHO.
Edited by bosox 01/06/2020 5:53 pm
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Replies: 16 / Views: 5,599 |