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 Replies: 53 / Views: 39,978 |
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Pillar of the Community
United States
5318 Posts |
Don't let anyone panic you into selling this coin prematurely.  I would also recommend an ICCS analysis, and if legit then an appraisal by a respected error expert. Canadian Coin News would probably enjoy hearing about your find too. If it's a true off-metal twoonie, that would be a high-profile error, and demand would be strong (IMO). The Torex auctions in Toronto would be the right venue to sell a coin like this--if you eventually decided to do it. |
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Pillar of the Community
United States
5318 Posts |
Jmcgowan forwarded me a response to her coin from Canadian Coin News. We suspected this already, but it's nice to hear a confirmation. Quote:It is a coin struck on the wrong blank. $2 coins should weigh 7.3 grams, all $2 coins struck that year were struck in Canada using the RCM process which joins the core to the outer ring during the striking process. In this case a coin intended form some other coin, most likely for a foreign customer, was in the wrong place at the right time and you got this unusual error. Or at least that's what it seems. I'd like to use this as a letter to the editor. Bret Evans Managing Editor, Associate Publisher Canadian Coin News |
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New Member
 Canada
44 Posts |
thanks again for everyone's input and help I really appreciate it
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Pillar of the Community
Canada
598 Posts |
Quote:
I am so new to this and I have no idea what ICCS or CCCS is or what it stands for - any help would be appreciated thanks "THE NEWBY"
also what does IMHO mean thanks ICCS=International Coin Certification Service CCCS=Canadian Coin Certification Service These are just some of the fine folks who are gonna charge you a fair bit of money to entomb your coin in some type of archival/safe "plastic". But, you do get he benefit of their highly respected opinion... usually.  IMHO=in my humble opinion MHO=my humble opinion Just a note... I was looking for a penny I had that was covered with solder. I can't find it.  'Twas a fine job indeed. |
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New Member
Canada
44 Posts |
So should I go to these organizations and ask about my coin - as I stopped collecting coins years ago - and it doesn't seem fair that I have it in a plastic covering and it is not being appreciated as it should be - if it is a rare coin - any thoughts members?
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Pillar of the Community
United States
2254 Posts |
Contact either of those grading companies via email or phone, or just look online to determine how to submit the coin. There is surely a process for doing this, and it's probably easy to follow. I do not have time right now to find the links for you to make things easier. I don't think it will be that hard to get sent off and graded and protected in their holders.
I want to re-iterate the sentiments of Kurt as well. Do not sell this coin until you know what you have and can do more research to it's rarity and pricing. Get it "slabbed" by one of the companies, and while it's there, do some research looking for equivalent things that have sold to figure out real world pricing.
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New Member
Canada
44 Posts |
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New Member
Canada
44 Posts |
hi tights24 - what does "slabbed" mean - I come from a family of medicine and SLAB means something totally different to me hhaha - also can anyone help me or point me in the direction of researching this coin - it is more of interest to me but it has been confirmed that this toonie is a legitimate RCM coin and not a copy or fabrication - which is a cool piece of news thanks "the newby" |
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Pillar of the Community
Canada
598 Posts |
... Quote:
slabbed ... just means encased in the protector provided by any number of coin grading services , as mentioned above. What you can do is look around on ebay, you don't gotta sign up to window shop. Do a search for ICCS or CCCS or PCGS slabbed coins(and others as you will see) and see the different styles of protective cases. ICCS can only be contacted by phone(last time I checked), but if you live in the Toronto area you could drop in on them, saving much $ on registered/insured shipping of coin(s) to them for grading. I only have a couple graded coins, so I ain't a expert, but there are some US companies some would say to avoid, but in Canada with ICCS or CCCS, you can't go wrong... and let us know what eventually comes back to you.  ...quick edit... there's a glossary of terminology on this site, as I've heard, pretty encompassing. Edited by IBGolden
12/16/2008 9:14 pm
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New Member
Canada
23 Posts |
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New Member
Canada
44 Posts |
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Valued Member
United States
324 Posts |
Yep, I would say this coin is as rare as they get. So far only one is known, and you cannot get any rarer. But who knows, maybe a few more may surface. Time will tell.
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Valued Member
United States
324 Posts |
"how would I go about getting it appraised thanks" This is not something that can be appraised. Its worth whatever people are willing to pay for it. If you want to get the best price possible, have it certified by ICCS or PCGS and put it to a major Torex auction. You could get anywhere from several hundred to several thousand dollars for it. The best way for an item like this to appreciate in value in the eyes of collectors is to have it trade frequently. No one wants to be the first to push the price envelope. But once its established, collectors are glad to add to it incrementally. There is a $2 coin on ebay with a missing core that is way way offset. The asking price is $1500 US, to which auctioneer fees will be added. |
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New Member
Canada
44 Posts |
there has to be similar ones like this - my silver color toonie doesn't belong to me any longer - but it was fluke find - last week it was a $2.00 canada coin and now it is much more than $2.00
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Pillar of the Community
Canada
598 Posts |
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- my silver color toonie doesn't belong to me any longer - so... what did you get for it? If there are others, what you got will set the standard, maybe. ahh, I guess you don't hafta answer anything you don't wanna |
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Replies: 53 / Views: 39,978 |
First Page
Posted 12/15/2008 2:02 pm
