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1948 Canadian Dollars
YQQ
Posts: 3,340 ✭✭✭✭✭
Hi,
I have 3 of them which I would like to sell for a fair price.
I do not have to sell them!
If nobody shows any interest, one will go to Feebay toward the end of next week, and the other 2 will be available in Europe.
If anyone is interested, please PM.
I have 3 of them which I would like to sell for a fair price.
I do not have to sell them!
If nobody shows any interest, one will go to Feebay toward the end of next week, and the other 2 will be available in Europe.
If anyone is interested, please PM.
Today is the first day of the rest of my life
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Comments
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
These are my conservative opinions. I have compared them closely with other ICCS graded 48s which I have.
If I send them to PCGS or NGC they would be MS60 to MS63. IMO.But, maybe I am wrong.
The coins are not perfect, but better than a lot I have seen. In fact, they look much better coin in hand than on the images posted here.
I have watched feebay sales for a while and found that the went all over the $ map. recently one not better than EF went for 2K.
In Europe recently a dealer put one up in about AU50, asked Euro 1425 and it was gone NEXT day! and they pay VAT on top of that.
I offered them here because I thought someone could save a few bucks as no commissions etc come in to play.
If anyone is interested, simply make an offer via PM, otherwise it would become an auction.
<< <i>If I send them to PCGS or NGC they would be MS60 to MS63. IMO.But, maybe I am wrong. >>
I think your estimation of PCGS/NGC grading may be optomistic. Obviously, I don't have the coins available in hand for examination myself but based on the images, I'd think the best you could hope for is AU58 on the first two and a bodybag for obverse scratches on the third. JMO, of course.
<< <i>
<< <i>If I send them to PCGS or NGC they would be MS60 to MS63. IMO.But, maybe I am wrong. >>
I think your estimation of PCGS/NGC grading may be optomistic. Obviously, I don't have the coins available in hand for examination myself but based on the images, I'd think the best you could hope for is AU58 on the first two and a bodybag for obverse scratches on the third. JMO, of course. >>
I tend to agree.
A couple things in your favour YQQ is the high magnification of the pics (which makes the flaws look worse than they actually are) and the high reflectivity of the pics (which adds to the difficulty in accurately assessing your coins' grades).
Either way, I'll stick to my first opinion of au55 maximum (OK, maybe au58) for all three 48's.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I will note that 1948 Canada dollars have been known to be counterfeited and it would be advisable to have your coin graded by your favorite TPG.
Interesting about the forgeries.
I actually did fall prey with a 1948 and made it my mission to speak up.... for a while. ICCS saved my butt and I was able to send it back to the dealer in Europe for a full refund. ( same dealer tried to sell it again 8 months later and got charged)
I have close to stopped now because the RCMP and local Police just are not helpful.
TOOoooo small and NO manpower they say. Had numerous chats with Sergeant Tony of the RCMP. Had also numerous chats with Mike Marshall about it.
perhaps a one or two of you are aware that I have pursued 1948 , 1947 and 1945 Canada dollar forgeries here and in Europe.
at least 12 times during the last 5 years I have discovered forgeries in Germany and Switzerland. The Swiss are hard on the case and it is still ongoing.
in every one of this cases it concerned these dollars, mostly the 48.
7 times the forgeries were posted on Ebay, 5 times they were available on dealers websites or at auctions.
3 times I was threatened by the respective dealers with a lawsuit suggesting I was interfering with his business. Two dealers eventually apologized and thanked me for bringing it to their attention. One had sold the 1948 quasi over night but had not shipped it.
4 out of the other seven cases needed further police involvements of which 3 led to charges. However, all 3 ended up with the local AG making a decision to offer them a deal, Pay a fine or go to trial for "knowingly selling and causing forged monetary instruments to be circulated". Cost of a trial would be too expensive even if won by the State.
they all paid the fines and got away easy.
The fourth, after he refused a police request to prove where he obtained the coins , had a search warrant exercised at 0500 at his home. The warrant was issued for suspected money laundering... they found a stash of other forged high end coins, all bought in the PRC.
so, what about the other 5 cases?
these were 1948, 47 and 45 silver dollars about to be auctioned and they were already cataloged in each case. (Swiss case is still ongoing and apparently is "larger" then everyone thought)
they were all removed by the respective auctioneers after I provide photographic proof together with the markers. They all agreed with me after they saw the images and markers I provided to them.
One of the investigating officers in Germany told me that they will be sending the 1948 dollar to the German Federal Bank for authentication. He also suggested for me to contact that specific lab and give them my info , "because they do not have enough info on the actual forgeries and NOTHING to compare. so they do just the "usual checks"). I did and got invited to visit.
the key is this:
Very few collectors are able to recognize a forgery from the real thing because they have NOTHING to compare it with!
I could , later in the week, post a few dollar images and let you decide if they are real or not... but no time right now.
BTW, I have a file a mile long about all this.
Now you guys know a bit about my silver dollar experience and knowledge.