Is the Canadian Market getting HOT?

wallstreetman

Im getting more hits on Canadian than U.S. coins! Im also getting more emails with offers.

Darkhorse

I definitely do think it's heating up. I was a more avid Canadian collector a few years ago and things were so easily obtained from rare silver dollars, uncirculated Newfie 50¢ pieces and I once easily obtained a nice 1912 $5 coin quite affordably. Now... now... well, as an example I purchased some toned Canadian dollars from the 70s and sold them for quite a hefty profit.

Cameonut

I hope so!

I have been hoarding nice cameo Canadian coins for a couple of years now. What more could you want? Beautiful cameos, great designs, low mintages, and exceptional eye appeal. I have felt they were undervalued, especially when compared to US coinage.

Many of my coins are in ICCS Ultra Heavy Cameo holders - have there been any threads on how ICCS stacks up against PCGS & NGC?

Cameonut

Bruce

Very possible. Look at all the beautiful coins at lower mintages and yet lower prices as compared to U.S. coins. How long can that go on without being noticed.

shirohniichan

It could be. After all, the US Mint doesn't strike highly collectible coins like $8 pieces.

ajaan

I hope so also. Especially for rare Specimen sets like this one.

coinkat

I see the Canadian market as underappreciated which translates to an undervalued market. Perhaps its me, but I do not see high end circ Edward VII and Gearge V coins. Others here may have a different perspective.

docday2003

<< <i>It could be. After all, the US Mint doesn't strike highly collectible coins like $8 pieces. >>

ColinCMR

High end Canadian coins have definitely been hot, especially red coppers.

I bet there will be increasing interest in varieties too, especially here in Canada. CCN trends has expanded its cover of popular variety types and there is a new catalogue being worked on dealing with Canadian varieties too.

Clankeye

<< <i>have there been any threads on how ICCS stacks up against PCGS & NGC? >>



I think the consensus has been that ICCS are very good at what they do, are relatively conservative graders, and are respected in the Canadian market. Definitely more so than NGC, and probably more than PCGS. PCGS does seem to be making in roads, and the registry may actually be slowly building some interest.

ICCS does not draw many compliments for their holders, however. Except for the fact that coins can easily be removed from them.

I happen to agree with you about the cameo coinage, and have been seeking out ICCS coins designated Heavy Cameo and Ultra Heavy Cameo. They are beautiful, and still incredibley affordable.

Clankeye

ajaan

One thing to be aware of is a copper coin only needs to be 90% red to receive a 'Red' designation from ICCS. Most US TPGs require a coin to be 98-100%. Or at least that is my experience with US TPGs.

newsman

The Canadian market is dead, dead I say! I would advise everyone to stay away from Canadian coins, especially high-grade certified ones and heavy cameos. Those coins have no future, and I feel it is my duty to protect my forum-mates from making bad choices (at least until I finish my sets).

wallstreetman

I guess I'll have to start going through the copper also, I bought a bunch from Stephans Coins in Ontario a couple of years ago.