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 Replies: 14 / Views: 3,318 |
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Pillar of the Community
Canada
636 Posts |
For those of you who are active members of the RCNA, I just love this publication, and the latest issue starting on page 32 has an article on Joseph Olivia Patenaude. Apparently this guy was stamping 1 dollar canadian coins in the 40's and 50's with his intials. has anyone read this article, or does anyone have a coin with these initals stamped on them? Do they go for a premium? Thanks |
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Pillar of the Community
Canada
650 Posts |
The 60th edition of Charltons has a section of JOP dollars in the varities section at the back of the book if you have that edition. I think he was a Jeweler.
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Pillar of the Community
Canada
899 Posts |
From past auctions an EF45 @ $600.00 to a MS64 @ $1400.00
And it will only go up according to the year & grade.......
Edited by D
02/10/2010 10:39 pm
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Pillar of the Community
Canada
1248 Posts |
there is one on George Manz website for auction next month
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Pillar of the Community
Canada
1554 Posts |
 This is one phenomenon I could never understand in the Numismatic World of collecting. How can collectors be thrilled about owning a coin that someone 50 years ago "illegally" defaced. Not only did J.O.P. commit a crime by doing this, but now his defaced coins sell at a premium? HMMMMMMMMMMMMM, makes one wonder? Maybe I'll try stamping my initial G.J.P. on mintstate 1948 $ilver dollars and see what happens 50 years from now in trends!  Glenn  |
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Pillar of the Community
Canada
4227 Posts |
That was a very interesting article. I wondered if it was going to be mentioned here. I've not seen one in hand myself, but I've never exactly looked very hard either. Counter stamps aren't much use when it becomes impossible to attribute them, but once the history uncovers itself, at least a little, the story and the coin become appealing to many.
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Pillar of the Community
 Canada
636 Posts |
Me too, I'm apawled (sic) that these coins demand a premium, and I agree with Glenzy and others, its defacing the coin plain and simple.
In my eyes the guy ruined it.
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Pillar of the Community
United States
677 Posts |
Hi guys. I am only trying to wrap my head around this, not judging. These coins are worth a premium because some guy decided to stamp his initials on them? Paying a premium for these seems to set a very bad example. If I decide to stamp my initials on 1000 dimes, will that make them worth more in 50 years? Should we all stamp our initials on coins? Will that make all of them worth more? OK, maybe I am judging a little  , but what makes these coins worth a premium? Edited by schmidty
02/11/2010 10:02 pm
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Pillar of the Community
Canada
1248 Posts |
premium $$$$$ ? bexause he did it... and everyone is falling for the rarity of it... YEP  coinsrfun... YOU hit it right on the head!!!  the real coins are from 1960 and back !!! the rest, most of it, is nothing but MINT hype....  nobody has to agree.. just my opinion..... |
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Pillar of the Community
United States
2408 Posts |
Quote:
nobody has to agree.. just my opinion.....
That much is true. |
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Pillar of the Community
United States
2408 Posts |
Dollar,
Charlton 60th Edition P.462 has a an entire page dedicated to the JOP counterstamped dollars. Beginning in 1935, until 1954... apparently only a single 1948 has been recorded. Beware of fakes.
Question: Why does the coin command a premium?
Answer: Because someone is willing to pay for it.
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Pillar of the Community
Canada
636 Posts |
Thanks Canuk_Coins...I dont have that year of Charlton but I'm amazed the interest in these coins.Not for me however so I'm not going to worry about the fakes.
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Pillar of the Community
 United States
1349 Posts |
Did coinsrfun get bounced? His posts and one of Dollar1948's disappeared.
http://www.victoriancent.com2011 & 2025 Fred Bowman Award Winner, 2020 J. Douglas Ferguson Award Winner, & 2022 Paul Fiocca Award Winner. Life Member of RCNA.
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Rest in Peace
United States
2668 Posts |
Hmmmmmmmm......
Anyway, this type of collecting doesn't show on my OCDdar.
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Pillar of the Community
Canada
693 Posts |
Not sure bosox, but my post got pulled.
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Replies: 14 / Views: 3,318 |
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Posted 02/10/2010 9:59 pm
