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Categorizing The Rarest And Most Expensive Canadian Coins

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Canada
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 Posted 05/17/2011  12:57 pm Show Profile   Bookmark this topic Add canadian-varieties to your friends list Get a Link to this Message Number of Subscribers
Here is a categorizing system I've come up with to help group some of the rarest/most expensive Canadian coins:

1. Intentionally designed, not intended for circulation:
1c 1859 brass, $1 1911, 5c 1921, 50c 1921, 1c and 10c 1936 dot, 5c 1944 tombac, 10 and 25 and 50c 2000P

2. Few produced (sometimes due to design change):
50c 1870 no LCW, 10c and 25c 1875, 10c 1889, 50c 1890, 10c 1892 large 9, 10c 1893 round top 3, 25c 1906 small crown, 10c 1913 broad leaves, 50c 1947 CR ML, $1 1948, 5c 1951 high relief, 5c 1965 large beads, 10c 1969 large date

3. Unintentional (Mules):
1c 1954 and 1955 NSF, 5c 1953 mules (NSF/NL, SF/FL), $1 1966 small beads, 25c 1973 large bust, $1 1985 NZ, 25c 2000 map, 25c 2007 WC, 10c 2010 lynx.

4. Errors:
10c 1858/1558, 10c 1936 bar, 25c 1936 bar and dot-bar, 5c 25c and $1 1947 dot, 5c 1964 EWL, 50c 1967 double struck, $1 1967 diving goose and double struck, $1 1982 coinage/thin planchet.


Thoughts?
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glenzy1's Avatar
Canada
1554 Posts
 Posted 05/17/2011  1:57 pm  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
Wow, neat topic. Being an avid collector of Canadian business strikes this is a collecting strategy I've had in my head, however, never really put it down black/white.
>Group 1~ I really don't have any interest in simply being that trying to acquire these calibre of coins would be the equivalent of selling Honda minivan and looking around to purchase a Lamborghini. Way out of price range for this guy.
>Group 2~ I absolutely love and specialize in because the coins in this category are a reasonable challenge and are listed in Population Reports as well as offered in many major auctions and coin shows.
>Group 3~ I have mediocre interest in since I don't collect post 1967 nor do I collect Pl coins. I will however make an attempt to someday acquire the two varieties of the '53 nickels Mule nickels, but at this point I have higher priority collecting targets.
>Group 4~ I'm also very interested in this category and appr. 50% complete.
After reviewing these categories, I think most serious and advanced collectors fall into Group 2.

Glenn
Edited by glenzy1
05/17/2011 2:00 pm
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Canada
1442 Posts
 Posted 05/17/2011  2:57 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
Group 1 - Way overpriced IMO...yes they're coins, but they were "not meant to be" coins :). The 6-7 figure prices are just silly :).
Group 2 - I agree, best category to target rarities.
Group 3 - I love mules...extremely low mintage, not meant to exist (like category 1) but very affordable (3-figure prices, not 6-7 figures :).
Group 4 - How are you collecting these? I love die cracks, double dates, strike problems...got a 25c 1936 dot-bar in EF40 and 10c 1936 bar in MS64 and wondering if these are "UNIQUE" in their grade...sleepers?...looking back at 10 years worth of auctions, I cant find almost any. Also got a 1964 penny struck on a silver dime planchet...these are definitely the "fun" group.
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 05/17/2011  3:18 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
I do not agree that the 1c 1859 brass was intentionally struck. I believe it to be an alloy error, probably metal segregation, when the original ingot was cooling, prior to rolling of the sheets for cutting out planchets. This is not unlike the handful of 1983-1987 5c cent coins struck with more than 80% Cu, giving them a brown appearance and softer strike. I have subjected almost 50 1859 1c coins to XRF analysis, and specifically asked advanced collectors to loan me their 'brassy' coloured ones. I have as of yet to analyze a TPG "brass 1859" coin, but the results will probably not be a big surprise. The elemental values (Cu, Zn, Sn), while all fall within 5-10% tolerance, are not consistent in their composition. More on this to come in future months, after I publish my analytical results.

I also believe the 1967 double struck pieces to be 'back door jobs', and should be excluded from that list.
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Canada
212 Posts
 Posted 05/17/2011  3:58 pm  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
danlos9551:

Just a correction the 1921 5 cents and 1921 50 cents where made for circulation but brought back for melting. That is why the 1921 50 cents (rarest Canadian circulated coin) is considered the most important coin in Canada and most desired. I also believe the 1859 Brass was intended for circulation (I may be wrong on this one).
Edited by Matrix1980
05/17/2011 4:08 pm
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Ugly's Avatar
Canada
1733 Posts
 Posted 05/17/2011  4:11 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
Re the 59's

I've moved past their existence and now would like to know the story behind the composition if that's possible. Given that all your samples have fallen into a grouped tolerance I'm not sure if simple metal segregation is the cause their for existence. Not that I can prove otherwise, of course but -

I have theorized that if it were just segregation we would see both tin rich and zinc rich stratification in those ingots and possibly some other material that caused this blatant macrosegregation (maybe a little Fe or Si). Further, I'm thinking this kind of segregation would show defects in the extruded material that would carry over in the planchets. Just a thought.

If you're working on this, I'm looking forward to seeing it. A lot.
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Canada
1442 Posts
 Posted 05/17/2011  4:19 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
Thanks for the inputs! I was wondering if the 1921 5c and 50c were officially "released" into circulation. My understanding was that they were not, and those in existence are from collector sets. Same for the 10c, 25c and 50c 2000Ps, those were never meant for release either.

Its fascinating that a "back door job" like the $1 1966 small beads dollar, sells for $5000 each :).

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Canada
212 Posts
 Posted 05/17/2011  4:31 pm  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
danlos9551:

The 2000P 10, 25 and 50 cents where made for the vending machine industry (all where minted in Winnipeg) and some ''escaped''. The 1921's (5 and 50 cents) where released and that is why you find most of them in good to very good condition with none known in VF or EF and only one in Fine. 3 are known in AU and ICCS has 4 in mint states one that used to be a 65 and now is a 66 so in reality only graded 3 in mint state one in 64, one in 65 and one in 66. PCGS has graded one in MS-67 that now resides in a permanent collection that will be donated to the currency museum so a 66 is now the highest available. I also like the 1889 and 1893 round top 3 10 cents. The 36 dots where probably inside jobs some say for Pittman and that is why a lot of people are no interested in these coins. Specialty collectors go after the 36 dot coins.

You forgot the 1916C sovereign (about 50 known), the 1870H 10 cents mule (2 known) and the 1670 5 sols and 15 sols. I have only ever seen 1 15 sol (less than 10 known I think there are 8 known but they never show up for sale) ever sell and it was in 1997 threw a signature auction in the U.S.A for over 200 000$ the currency museum in Ottawa has 2. I also like the 1870 no LCW and 1890H 50 cent pieces. Love the one that sold in Heritage in January of 2010 as part of the Canadiana collection (1890H in PCGS MS-64 just a stoning coin).
http://coins.ha.com/common/view_ite...Lot_No=20286
Edited by Matrix1980
05/17/2011 4:45 pm
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Canada
10458 Posts
 Posted 05/17/2011  4:48 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
The 2000P 50c piece was part of a desk clock set that the RCM made. They were given as gifts. I think less than 100 are known.
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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10458 Posts
 Posted 05/17/2011  4:50 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Ugly, funny you should mention segregation of Sn and Zn, and other oddities like Fe.... (perhaps even Pb)...

:)
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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212 Posts
 Posted 05/17/2011  5:03 pm  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
SPP-Ottawa:

There where 276 clocks made but fewer known. Collectors seems more interested in the 25 cents 2000P coins. I know the ICCS reports say they have graded 8 2000P 1 cent coins but I have yet to ever see one for sale. I have seen all the other ones including the 3 different 25 cents pieces.
Edited by Matrix1980
05/17/2011 5:08 pm
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Ugly's Avatar
Canada
1733 Posts
 Posted 05/17/2011  5:06 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply

Quote:
Ugly, funny you should mention segregation of Sn and Zn, and other oddities like Fe.... (perhaps even Pb)...


oh OH OH that is so NOT fair... I feel like I'm ten and I've been teased with a hint about my birthday gift.

I shall wait.
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Canada
10458 Posts
 Posted 05/17/2011  6:04 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
I also intend to throw a few coins under the SEM scope as well....
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Ugly's Avatar
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 Posted 05/17/2011  7:08 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
Did you say SEM? That would show the defects caused by segregation (if that's what it is) and more... I would like to see to see those scans or at least the results very much.

You folks out there holding these expensive pennies... temporarily donate your cents to the cause, they won't be harmed.


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1cent's Avatar
Canada
1051 Posts
 Posted 05/17/2011  8:45 pm  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
I spend all my collecting time in "2" and "3", though I have a few from "4".
Somebody should send SPP a "brass" 1859. He's trustworthy with such a coin, and
the results would be fascinating (and perhaps terrible to those that own certified examples,
possibly the reason nobody has volunteered theirs).
Edited by 1cent
05/17/2011 8:47 pm
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 Posted 05/18/2011  02:06 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
danlos,I like your system
in category 1 I think that Matrix has made an unassailable case for moving the 21's down to category 2,and I believe in all likelyhood someone such as SPP will have proof the '59 brass should move down a category as well
for category 2 I don't think you'll ever get consensus for a complete list there,same goes for category 4
category#3,a mules a mule
I actively seek coins from category 2&3,
fortunately I don't consider category 1 important because I could never afford a coin listed there
I don't actively seek category 4 coins,but somehow I have 9 of those you have listedserendipity?
Edited by DBM
05/18/2011 02:08 am
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