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 Replies: 40 / Views: 7,258 |
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Pillar of the Community
Canada
1051 Posts |
It's true Steve, and I think most people have seen it. Coins that would normally be tucked away are being shaken loose. Lots of top 10 census coins have been available, and as you mention, not just one example, but often multiple examples. For those that still have a steady stream of income, this is a good opportunity.
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Valued Member
Canada
241 Posts |
I bought one of the last Canadiens of Montreal loonie last week from the mint ... Kinda happy I bought it because they are sold out everywhere now... My only regret ... I wish I bought more of those as they sell for over 125 US online.
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Pillar of the Community
Canada
1051 Posts |
I just got my new ICCS pop report in the mail today. Wow - no wonder so many coins have been available at top grades. Many, many modern coins have had dramatic increases in population! The 1944 1 cent obviously remains the toughest KGVI 1c coin in MS-65, but the 1945 is the new #2 in the '41 to '45 run, displacing the 1942.
I'm hoping to finish off some sets with the new population-revised pricing!
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Valued Member
Canada
166 Posts |
Hi,
Looking through the 2009 ICCS population report a lot of pre 1960 MS dollars had their population in top grade (usually MS65) double, in some cases even more. That is a lot for 1 year out of a 23 cumulative total and make current ICCS grading standards a bit suspect(vs the past, at least to me) There are mot that many new top PL pre 1960 dollars in the new report which surprises me because a lot of "best graded" and near best PL dollars have been on the market recently.
Anything besides very high grade dollars "jump" in population?
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Pillar of the Community
United States
629 Posts |
I still go to the dealers and shows when I can. There are still bargins to be bought. Many USA dealers are just not very knowledgeable about Canadian coins. I tend to take advantage of that situation. Can't tell you how many times that I have walked away with a small fortune in coins for very little expense on my part. Go through the junk boxes, ask questions, don't just limit yourself to coins, ask about paper as well. Do they have common coins, junk foreign silver? Next time you go on vacation to the states, pick a city and canvas all of the coin dealers. You will find bargins. If you can grade and know the varieties that exist and are aware of values, you will have success.
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Pillar of the Community
 Canada
1554 Posts |
 This year I have personally slowed down my coin purchases as a result of my vehicles getting a little older and needing repairs. If we could only beam ourselves around town like they do on the Star Trek episodes, I'd be all set.  >Capt. Kirk: Scotty is the transporter room ready. >Scotty: Yes Captn' she's up and runnin', but I don't know if it'll work through this galactic storm we're havin? >Capt. Kirk: Lock on to our coordinates Scotty and get ready to beam us up on my command!    |
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Valued Member
United States
82 Posts |
I buy coins when I can. I am finding good deals on coins lately and I think the prices are only going to move up once all the stimulus money hits.
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Valued Member
Canada
287 Posts |
Being unemployed, I've little choice but to reduce my purchases, but I still make a trade or two with friends.
Another source of my coins lately has come from my wife's tips from working at a local coffee shop. I've picked out a few scarce coins, and a few that were split from mint sets. Recession is really bad here, and some unfortunate collectors are having to use the currency as face value. Real tough selling coins, even at the shows, so little choice when the kids ask what's for dinner. (mine are out of the nest, or I might be faced with same)
I'd agree now is a great time to buy, if you've got the chance, and the cash.
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Valued Member
United States
324 Posts |
"I've little choice but to reduce my purchases"
One option when cash is limited is to find (an buy) undervalued coins and then resell them. This way you still can be active in collecting and actually increase the the amount of discretionary cash available for purchases. And there are good buys out there, but you have to search for them.
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Valued Member
United States
324 Posts |
"I think the prices are only going to move up once all the stimulus money hits"
Agreed. Pretty much everything will move up in price then (except real estate? - at least until incomes move up). Consider this - the world's economy will shrink in 2009 and oil is currently over $70 per barrel. What will happen to the price of oil once the world's economy picks up and starts growing again? And so far, coins have held up well in value.
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Replies: 40 / Views: 7,258 |
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Posted 04/12/2009 5:10 pm
