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 Replies: 7 / Views: 1,065 |
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New Member
Australia
4 Posts |
Before asking this question, I am aware that this coin is considered rare but I found similar coins, for example this years UK QE Platinum Jubilee Sovereign sets or the new 50p coins. And I did understand that the price may double in a very short time. Now I am looking to buy this coin and it seems that I already missed. Can someone explain this: the coin was announced to be released in May but was already sold out in April.  Last year I asked about the previous year and I was waiting patiently a whole year for the price to drop after the initial hype. The normally C$7,300 coin Quote:sold on ebay for 9999.99 but now it is $17,000. What is the explanation, please? The wait did seem to work, it went down a little, but as soon as I tried to buy, one seller removed the coin and then all disappeared. Now, that the new one came out and I was looking again, it doesn't make sense  40,000 for a coin?  https://www.ebay.com/sch/i.html?_nk...d+maple+leafMy question: PLEASE someone explain this, it even says TWO SOLD why so crazy, why would someone buy a 7,000 coin for 42,0000?Thank you! Edited by zachsteinman
05/02/2022 8:08 pm
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Bedrock of the Community
United States
94367 Posts |
  to the CCF! |
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Pillar of the Community
United States
600 Posts |
The 2 purchased ones say "offer accepted" so the buyer may have offered (and the seller accepted) a much lower price. Hard to say really. Maybe someone in the Canadian coin forum would have a better idea.
Edited by captaincoffee
05/02/2022 9:49 pm
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Valued Member
United States
277 Posts |
How do most people feel about modern coins that are made to be rare on purpose (like with a mintage of only 250)?
Would there be a difference between modern coins with a survival rate of 250 vs an older circulating coin with a survival rate of 250 pieces?
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Pillar of the Community
 United States
7934 Posts |
Quote:
why would someone buy a 7,000 coin for 42,0000? Because there is a sucker born every minute. Don't be the next one. Edit: The ACTUAL selling prices on ebay for the 2022 2 oz coins were 12,000 CDN and 13,600 CDN both in the last few weeks. The very high price you are mentioning is for a 4 coin set which includes the 2021 and 2022 2 oz gold coins and two silver coins. Edited by tdziemia
05/06/2022 10:48 am
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Bedrock of the Community
United States
20753 Posts |
People are people. |
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Pillar of the Community
United States
600 Posts |
Quote:
Would there be a difference between modern coins with a survival rate of 250 vs an older circulating coin with a survival rate of 250 pieces?
Supply is one half of the equation, but demand is the other half. I imagine the collector willing to pay $10,000+ for an older/classic rare coin is not necessarily the same collector paying $10,000+ for modern niche releases, but maybe I'm wrong there. In general, I expect there would be more collector demand (especially well-heeled collectors) for older "classic" coins with low mintages. Of course, a modern coin issued under special circumstances could also generate exceptional demand, but I think in general a modern "rare on purpose" coin wouldn't have the same value as an older circulating coin with similar mintage/survival numbers. |
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Replies: 7 / Views: 1,065 |
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Posted 05/02/2022 7:59 pm
