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Canada 1875 10 Cents In VF35

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bibd's Avatar
Canada
838 Posts
 Posted 06/30/2011  11:35 am  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
I agree whole heartedly. I just hope over the next few months I can hide some nice buys from my wife! (Just kidding)
Pillar of the Community
Canada
576 Posts
 Posted 06/30/2011  12:07 pm  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
Nice buy for sure. But the gnawing question remains - why do trends continue to be so out of sync with general selling prices? I've sold lots of coins in the last few years but I've never expected, except in exceptional cases, to get any more than 70% of trends. In most cases I'm looking for close to 50% of trends which shows what I'm willing to pay and can usually find when I look. And I'm picky - I go for attractive, circulated coins mostly and I don't buy or sell junk. The trends prices continue to reflect a world I've never witnessed or visited in my dealings selling coins privately or by auction.
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Colhand1's Avatar
United States
629 Posts
 Posted 06/30/2011  12:11 pm  Show Profile   Bookmark this reply Add Colhand1 to your friends list Get a Link to this Reply
I think that another factor is our aging population of numismatic collectors. How many fathers out there that have been collecting forever are now facing selling their coins as opposed to giving them to their heirs? Their advantage is that they bought in a different market when things seem low priced compared to today. Everywhere is hardships and costs have gone up and our incomes are not providing enough to offset the expenses.
Pillar of the Community
Canada
1442 Posts
 Posted 06/30/2011  12:35 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
I've seen some nice raw coins trickle in from the US, and I can only wonder if it is these Canadian retirees that are "liquidating" their old collections...
So far, a raw 1893 RT3 dime in VF30-EF40, a raw 1913 BL dime in EF40-EF50, a 1875 quarter in F15...

These are not the kind of coins that should be floating around the US, raw :)...

Pillar of the Community
Canada
1442 Posts
 Posted 06/30/2011  12:36 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
I can't believe I just said EF50...lol...AU50...
Pillar of the Community
Colhand1's Avatar
United States
629 Posts
 Posted 06/30/2011  1:54 pm  Show Profile   Bookmark this reply Add Colhand1 to your friends list Get a Link to this Reply
I don't see why not - graded coins are in the minority in my collection. But I could probably send in 50 coins for grading. But I don't want to make the invest in grading when I would rather buy more coins. Or is I was a retiree, why invest in grading when I need to pay utilities, rent, food, etc?
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bibd's Avatar
Canada
838 Posts
 Posted 07/01/2011  03:45 am  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
Colhand1: I think like you... why pay for grading if you're not selling?
Valued Member
Meldercat's Avatar
Canada
268 Posts
 Posted 07/01/2011  12:35 pm  Show Profile   Bookmark this reply Add Meldercat to your friends list Get a Link to this Reply
I always find US grading services have difficulty with Canadian and world coins. Ancient grading is all over the place. I'm not a big NGC fan either. Canadian Coin News trends are still too high. They're getting better now that there is a new trends editor. The market on mid to lower grade coins has become quite soft since the recession. Dealers typically discount 10% to 20% on mid/lower grade material. The rim looks damaged at the N in REGINA.
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