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 Replies: 32 / Views: 12,019 |
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Pillar of the Community
Canada
2426 Posts |
I enjoy collecting Mules however I do not see the trends get any higher on their value. It seems like the values just stay the same or slightly drop.
Anyone have a thought on this?
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Pillar of the Community
Canada
1554 Posts |
 Personally I find Modern day Mules to be a bit flaky. I wonder if someone at the Mint isn't up to no good?  However, I find the 1953 mule nickel a highly underrated coin and very few in higher end grades. This truly is a collectible and worthy of a great investment for the future. Glenn  |
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Valued Member
Canada
307 Posts |
I do like the mules and I collect all I can find....not for investment as unless you can afford to pay for the really rare coins investing in circulation coins is not always a good way to make money...
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Valued Member
Canada
55 Posts |
I have the '53 mule which I found in a group of 5 cents I was about to sell on ebay. I spent about half an hour verifying I was right before I would believe it, but it was a happy find! It grades about VF and has 'meter marks' I wouldn't say it'svalue has climbed in the last 5 years, it's all about demand. |
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Pillar of the Community
Canada
1051 Posts |
It seems like most mules spike in value when they are first discovered, then taper off down to a more reasonable level. I'm partial to them, and I will continue to collect them regardless of what their prices are doing. Does the mint "let one slip" once in a while? Possibly, sure. Some of our most famous coins come from a similar situation though ;)
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Pillar of the Community
Canada
1159 Posts |
They are kinda a favorite to collect for me and have almost all the modern ones.Waiting for the 2010 mule 10ct/dime to settle down to get it in the future.
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Pillar of the Community
United States
651 Posts |
Here's a mule for sale at an auction  Edited by fcrazo
02/23/2011 10:46 pm
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Valued Member
Canada
162 Posts |
Nice mule  LOL |
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Pillar of the Community
Canada
1166 Posts |
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Bedrock of the Community
Australia
21788 Posts |
Apparently, this market can go to sleep for a good while. If that is the case, and you want to get into this area, now is the time to do it.
Prices for Australian pre decimal proofs were flat for many years. I bought a proof 1959 proof florin without the egg for $50. Prices for that coin did not vary for about four years, then they rose rapidly. My coin is catalogued at around $700 now.
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Valued Member
United States
487 Posts |
May I ask a question? I am new to collecting Canadian coins. What is a "Mule"?
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Pillar of the Community
Canada
1159 Posts |
Deffinition of mule.
Male Donkey - Female Horse = MULE
Male Horse - Female Donkey = HINNY
MULE COINS - When the wrong die was used to stamp 1 side of the coin and the proper stamp on the other side.
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Valued Member
Canada
183 Posts |
I had a 1964 silver dollar mule which was sold for $10,000.00.
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Pillar of the Community
 Canada
2426 Posts |
All of you have good points but answer me this! Why do mules that have approximate mintages of 200-700 coins only bring in $200 to $500 in value when a low mintage coin ie, 2000p dime with a mintage of 250 brings in $2000 or $3000?
I cant figure it out!
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Pillar of the Community
Canada
1554 Posts |
 My opinion to the above question is prices, regardless of scarcity depend on DEMAND. Take for example Newfoundland coinage, what is more scarce than this. Mintages sooo low, they are almost non-existent! But if you want to purchase NFLD coinage in mid to higher grades, they can be had for a song, compared to their Canadian counterparts. Glenn Edited by glenzy1
02/24/2011 2:35 pm
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Pillar of the Community
Canada
838 Posts |
It's simply because the standard Canadian decimals are the "core" for most collectors. Things like pre-confederation tokens, provincial coins, gold issues, proof-only issues, errors and mules are almost always obtained by a subset -- sometimes a very small subset -- of the core collectors.
Why this obvious fact is so often left out of a discussion like this is beyond me...
(OK I'll make my own "bibd" coin with a mintage of 1. Who wants it?)
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Replies: 32 / Views: 12,019 |
Posted 02/23/2011 6:36 pm
