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 Replies: 28 / Views: 2,739 |
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Pillar of the Community
 Canada
1081 Posts |
I think I'm with @nickelsguy on this one. I haven't purchased this - it's just hanging out there on ebay with an asking price of $409. That would be above trend for a legit VF20 but it is a rare coin so it's possible that it would be worth it for some buyers. I would want to dial the price way back on this one. |
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Pillar of the Community
Canada
557 Posts |
"I could care less what PCGS says." And they don't care what you think either. For anyone selling any coin on ebay, or a similar platform, PCGS means something and has a great deal of credibility. Even though, like all the experts on this forum, they do make mistakes. |
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Valued Member
Canada
289 Posts |
Unfortunately in the case of Canadian low and mid grade coins they always make mistakes. I collect pretty much solely PCGS coins so this isn't an ICCS fan bashing a competitor, but it is a fact that PCGS (and NGC) can't grade the lower end of Canadian coinage to save their lives, whether federal or provincial. So the grade doesn't surprise me, but it is pretty hard to see at times without cringing. I've seen coins graded EF/XF that were solidly F in grade. Time to trot out that trite saying, "buy the coin, not the holder!" Lol.
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Pillar of the Community
Canada
557 Posts |
 , but many look to the holder. |
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Pillar of the Community
 Canada
5400 Posts |
Yet another example of what 50 bucks gets you . A brutal US TPG graded Canadian coin . Our standards this is VG 10 at best |
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Pillar of the Community
 Canada
9865 Posts |
After seeing hundreds of discussions, thousands of replies, and tens of thousands of coins, why do we still act as though we are confounded by PCGS' grading of circulated Canadian coins.
Their standards and ours will never be the same, we have to accept that.
They are not going to change, they guarantee that.
We are stuck between a rock and a hard place.
Will traditional Canadian grading standards survive anywhere twenty years from now?
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
5400 Posts |
Maybe a better way to look at it , will US TPG crummy grading of Canadian and World Coins survive 20 years from now ? |
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Pillar of the Community
Canada
1081 Posts |
It was explained to me by someone I greatly respect and admire, that the advantage of PCGS and, to a lesser extent, NGC, is that they are respected in the USA and beyond. So, if you have a collection that you want to sell, the investment is worth it because your coins will attract more interest. This refers mostly to higher end stuff that you might consider consigning to an auction house like Heritage. My take is that a majority of people interested in pre- and post-confederation Canadian coins are Canadian so, most of the time, this is not a relevant consideration. Indeed, I still think that for most coins in most collections, seeking the approval of an international TPG is not worth it. And of course, ICCS and CCCS make mistakes too. I guess an exception is that if you have something that is very valuable if it's real but that might be fake, it's another matter - a professional appraisal can help. Otherwise, most of the time, you're just blowing money on a fancy holder. |
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Valued Member
Canada
289 Posts |
I've been searching around for higher end coins for my collection and I think you might be surprised at how many Americans buy and keep high end Canadian coins in their collections. I'm talking about coins in the thousands of dollars, not hundreds of dollars. I have no idea what percentage of the really nice stuff is down there, but I bet it is way higher than most people would estimate. One of my most expensive purchases of Canadian coins came from an owner in the western US and I went down to visit him and buy it in person. I suspect a lot of the top pops we can't find from the registry are hiding down there. Heritage Auctions is a very good place to sell high end Canadian coins, particularly now when the exchange rate is so high. Back when it was at par it was a good place to buy from. Now it's a good place to sell through. :)
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Pillar of the Community
Canada
1081 Posts |
Interesting. My latest obsession is actually Australian coins. Much like us Cannucks, many Ozzies are convinced that interest in their numismatics is local...
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Pillar of the Community
Canada
1223 Posts |
If Canadian graded I don't see this coin going any higher then VG10.
There's virtually no braid left and very little of the ear along with the toning or stain on the reverse, it will never pick up points for beauty.
Cheers, Bill
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Bedrock of the Community
United States
36830 Posts |
I can't get above VG-10 on this one.
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Moderator
Canada
10459 Posts |
Quote:Maybe a better way to look at it , will US TPG crummy grading of Canadian and World Coins survive 20 years from now ? Even if US standards become more aligned with Canadian standards for circulated coinage, the damage has already been done. I know very few people who will purchase an overgraded coin with the intention of cracking it out and putting it in a "properly graded" holder. It's a recipe to lose money... which is why we refer to coins in graded holders such as this one as "coffins". "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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Replies: 28 / Views: 2,739 |
First Page
Posted 12/18/2022 09:02 am
