Crazy Prices For 2017 Glow In Dark Twonies

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Author	Replies: 5 / Views: 3,249
mgalb Valued Member Canada 78 Posts	Posted 05/02/2022 09:15 am I am in awe of the ridiculous bids placed on the 2017 twoonie at my local auctions. The coin is by itself and opening bid is 5.00. The first auction I looked at it went for 37.00 for final price. a little over a month later another went for 31.00. Geez...I think I might just crack my rolls and sell these individually. They were not even in a 2x2 and were obviously circulated. Anyone else see these crazy prices for these twoonies? Report this Post to the Staff

okiecoiner Pillar of the Community Canada 5585 Posts	Posted 05/02/2022 3:32 pm It's the uneducated buying the ugly. Report this Post to the Staff
t_y Pillar of the Community Canada 632 Posts	Posted 05/03/2022 5:04 pm Okie! They are not ugly! :-) Some colourized coins get quite good prices because people don't see them in circulation. It is, as Okie pointed, lack of education/information. But this is valid for many other coins - prices are driven more because of hoopla than because of real scarcity. Take for example the 1948 dollar - not a rare coin at all and yet it sells for a truckload of money. Other examples abound. Report this Post to the Staff
Beaver22 Valued Member Canada 59 Posts	Posted 10/04/2022 5:11 pm The mintage is low, and many toonie hunters are taking them out of circulation. My estimate is that circulated examples are a maximum of a few dollars over face. Still, I don't know why some are selling them for crazy prices. Some people just don't know a reliable value resource. Report this Post to the Staff
wallyb Pillar of the Community Canada 557 Posts	Posted 10/15/2022 07:45 am 'uneducated' or not, a coin is worth whatever someone is willing to pay for it.....as with all things. Report this Post to the Staff
Alex A Pillar of the Community 710 Posts	Posted 10/16/2022 12:21 pm Congrats on your auction! The results are not all that surprising as these take some work to find. Maybe start with a higher price next time? Report this Post to the Staff
	Replies: 5 / Views: 3,249

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