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1964 Sealed Bag Canadian Pennies

While moving my fathers "stuff" recently we found two bags of uncirculated 1964 Canadian pennies. We had to open one bag to determine the date of the coins and then sealed it back. One remains unopened.

Each bag has $60 stamped on the outside so there are 6000 pennies in each bag. Any idea of the value? I've seen some on e-bay graded MS 64/65 etc...at $5-12 each. These are all uncirculated and bought when my father was in the Air Force in 1964.

Any help would be appreciated.

Comments

  • lordmarcovanlordmarcovan Posts: 43,897 ✭✭✭✭✭
    1964 Canadian cents are worth 20 cents US each in MS63, according to the 2004 Krause catalog. Slabbed, in MS64-65, as you mentioned, about $5-12 sounds right- basically you're payin' for the plastic.

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  • Nice find
    i've sold a few canadian mint/proof sets so there is a market.
    problem i had was shipping up there, the price to ship can be expensive
    especially if your buyer is in the northern tier.
  • lordmarcovanlordmarcovan Posts: 43,897 ✭✭✭✭✭
    Were they still full red? Spotty, or nice?

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  • We just picked one out and closed the bag, mostly they were very proof like as if they came off the press from just looking in the bag. Would it be possible or feasible to send the entire bags to PCGS to all be slabbed and what would the cost be?

    Would they even consider? My guess is to sell the bags as whole, but then how would you value since the potential could be much greater if they were inspected and slabed.
  • pharmerpharmer Posts: 8,355
    Ouch. Are there 5000 in a bag like a US bag? Probably should go through it coin by coin to find the ones that are at least 65, more like 66, if you really want to submit. If you don't want to take the time, selling the bag might be your best bet.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • 291fifth291fifth Posts: 24,710 ✭✭✭✭✭
    Sell the bags intact unless you REALLY know how to market Canadian cents.
    All glory is fleeting.
  • lordmarcovanlordmarcovan Posts: 43,897 ✭✭✭✭✭
    Amen to the previous post!

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • DaveGDaveG Posts: 3,535
    I can't imagine that it would be worth sending an entire bag to PCGS to slab. Even if you could get them down to $5 a coin, that'd still be $30,000 to slab the 6,000 cents in the bag.

    I suppose you could try to strike a deal with either PCGS or NGC to have a grader go through the bag and only slab the MS-65+ coins. However, that still begs the argument of whether there's even a market for 6,000 or 12,000 uncirculated 1964 Canadian cents.

    I'd suggest you call a couple of the larger Canadian dealers (they advertise in Coin World) to see if they're even interested in buying a bag of uncirculated '64 cents. If they're interested in buying the bags and offer you a decent price, then it might be worth it for you to consider if it's worth your time to have some of the coins slabbed.

    Alternately, you could try offering rolls of the coins on the BST board here or on eBay and see if you get any interest.

    Check out the Southern Gold Society

  • 6000 each bag ($60).

    Who's a good expert on Canadian Coins? I don't see how I could value each bag since the potential could be $6000-$30,000 plus, considering $1 a penny to $5 min. One on e-Bay as I mentioned was $12, one was $118! both 1964.

    How do you handle these coins if/when opened - surgical gloves?

    This could be a big project huh?
  • cladkingcladking Posts: 28,751 ✭✭✭✭✭
    These will probably be impossible to sell. There is limited demand for coins from this era
    and they exist by the ton. You might get about 60$u.s. from a copper recycler which may
    prove the best price.

    If you can't find anyone willing to pay a numismatic premium then it might be a good idea
    to go through the bag and pull out gems and varieties before disposing of the bags.
    tempus fugit extra philosophiam.
  • I'm staying a bit more positive based on what I've seen, one man's opinion of course.
  • orevilleoreville Posts: 12,160 ✭✭✭✭✭
    Abaco: I collect Canadian coins as well as US coins. Keep them! There are indeed many bags out there but the supply is shrinking.

    That is an incredible way to hand down something to your family that meant something to your father. I would keep both bags and simply call them heirlooms.

    The numismatic value is minimal but you are unlikely to find something else of low cost that was cherished by your Dad.

    Look at the facts; the Canadian Currency has risen in value vis a vis the US $1 and will continue to do so. The value of copper has now exceeded the face value of the cents. If nothing else, you now have a legitimate copper bullion play with both bags.

    But all facts aside, isn't the sentimental aspect more important? Maybe your Dad used those bags as weights in his fighter plane?

    A Collectors Universe poster since 1997!
  • While the F-86 Sabre was a great first jet for him, I think these would be considered major FOD! Some good points to consider, some more aging in the closet seems in order.
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    A local dealer had a 6000-coin bag of 1965 Canadian cents he offered to sell me for $100 US. He warned me that bags of coins that large usually contained many that were beat up, so I shouldn't get my hopes up. It turned out he couldn't find the bag, but, then again, he can't find lots of things in his sprawling shop. image

    I have been able to buy smaller 100 to 1000 coin sealed bags of Canadian 10 cent through dollar coins at prices I couldn't believe. If the purchaser of the $100 bag of Canadian dollars knew back in 1961 that he'd get $500 in 2003, he probably would have put his money in something else. I missed a bag of 1957 dollars for $700, and I'm now sorry I did.
    image
    Obscurum per obscurius
  • WorldTypeSetWorldTypeSet Posts: 1,345 ✭✭✭
    Take a few hundred of the cents. Pick out the best 10, and submit them to PCGS or ICCS. Sell them on eBay. If you make money, repeat.
  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    F.O.D. image
    At one time, that's about all ANY Canadian money was good for!

    Cheers,

    Bob

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