1941 RE Newfy Cent

bosox · March 3, 2006 12:09PM

Okay, I took a leap of faith on this one. Ebay bay seller had 19 negs from one other seller for non-payment. A very rare coin in mint state, but was it doctored and what is the grade? I now have it in hand.

I think not on doctoring - toned yes, doctored no - so NT IMHO. No wear at all. Again IMHO, PCGS 63RB and ICCS 62RB. If I'm right about the NT and it does not get bagged

, it is one of the finest known. Better pics after the weekend.

Newfy re-engraved date cents most notably come on 1940 and 1941. I recently bought one of the best 1940 RE cents (PCGS & ICCS 63RB) for $1,550 US. The 1941 RE is more common than the 1940 RE in circulated grades, but rarer in mint state. I also think re-engraved is a misnomer. I think both years were a result of very noticeable hub doubling.

Stay tuned on the TPG opinion.

1941 RE Newfy Cent.

docday2003 · March 3, 2006 1:09PM

to me it looks au, based on the photos. JMHO

bosox · March 3, 2006 1:16PM

Doc - I agree the photos make it look that way. The small diamonds in George's crown band are all there (but don't show in the photo). The cross on the top of the crown shows no wear. The veins in the pitcher plant are intact. When I line it up against my ICCS 63RB 1940RE, they look the same except for color. - Rob

1960NYGiants · March 3, 2006 1:50PM

Looks nice Rob. Good luck w/PCGS.

BTW - what did you get at TOREX? I got the 1859/8 PCGS 63RB and filled some holes in my other sets.

Gene

bosox · March 3, 2006 1:56PM

Gene - Good buy on the W9/8. I looked at that coin, but I already have a 64 Brown, so I saved powder. I bought the 1872 and 1890 Newfy cents. I thought both were very nice coins. Pics when they arrive. - Rob

ajaan · March 3, 2006 9:54PM

I think original and MS63.

coinkat · March 3, 2006 11:43PM

How tough is this date in MSred? I really don't have a great appreciation for that. Mine is brown and electric blue and raw... I need to look to see if it is a repunched date.

bosox · March 4, 2006 2:12AM

Kat,

First, all Newfy small cents in true red are scarce and underpriced. Second, 1941 is one the "common" dates. I don't have my price list with me, but a non-re-engraved 1941 in 62 red runs about $100, and a 63 red runs about $300. The re-engraved date 1941 goes for about 6-8 times that.

In many small cent dates, 1940 and 1944-C for example, finding anything above 63 is nearly impossible. It was the middle of WWII, times were challenging, and the people of Newfoundland spent their money rather than hoarding it. I have found a high grade Newfy small cent collection to be just as hard to complete as a high grade Newfy large cent collection. Both are scarce, way undervalued, and a lot of fun.

Rob

docday2003 · March 4, 2006 8:09AM

<< <i>Kat,

First, all Newfy small cents in true red are scarce and underpriced. Second, 1941 is one the "common" dates. I don't have my price list with me, but a non-re-engraved 1941 in 62 red runs about $100, and a 63 red runs about $300. The re-engraved date 1941 goes for about 6-8 times that.

In many small cent dates, 1940 and 1944-C for example, finding anything above 63 is nearly impossible. It was the middle of WWII, times were challenging, and the people of Newfoundland spent their money rather than hoarding it. I have found a high grade Newfy small cent collection to be just as hard to complete as a high grade Newfy large cent collection. Both are scarce, way undervalued, and a lot of fun.

Rob >>

Do you think that the demand for Newfies will ever go up? It seems that for the rarity, the prices are so reasonable. But I have also heard that there is a very thin market when you decide to sell.

By the way, nice coin!

bosox · March 4, 2006 8:59AM

Doc,

The market has been, maybe still is, thin. I see signs of improvement lately. More and more Americans are looking for Canadian/Newfoundland coins. I even see more interest in Newfy lately from Canadians at auctions.

The top end is always thin, and I suspect will be for a while. Newfy is not the thing to collect if you ever think you will have to sell in a hurry. I think, like any coin series, if you buy very good stuff and are patient, there will be a market. Since I think I'm in for the next 10-20 years, I like to think that I've found a good thing to hang on to. Perhaps the people I'm buying from said the same thing 20 years ago, but that's the chance you take.

Rob

coinkat · March 4, 2006 9:12AM

I appreciate your insightful comments Bosox... thanks.

bosox · March 4, 2006 9:48AM

Kat,

I don't know how insightful they are, but thanks. The Newfy market is somewhat stratified. Here's my detailed take as a collector (I'm not a dealer) and it's all JMHO:

Circulated Victorian - Any problem free Victorian Newfy bronze or silver piece will sell. There is entry level demand for low grade Victorian circulated coins. Problem free key date coins will sell very easily. In many Victorian silver dates, AU is about as high as it gets.

Uncirculated Victorian - MS-60 to 63 is slow, except when they are close to finest known. It seems to me, Victorian collectors either are entry level, or want the best.

Gem Uncirculated Victorian - Wierd market. Probably less than 10 buyers right now. Nice coins near the finest known have a ready market, if priced fairly. Less than that will languish. Here is where I try to collect, and frankly, it may be risky. Having said that, the guys I know at this end of the market are buying with both fists, but for smart prices.

Circulated newer stuff - There's a market for key date Edward and George V stuff, but that's about it.

Uncirculated newer stuff - If it's not a key date, or near the finest known, forget it. An MS-62 1936 cent will grow cobwebs before it sells.

Gem newer stuff - See gem Victorian.

If you are interested in Newfy stuff, PLEASE do your own due diligence, but that is my take.

Rob

docday2003 · March 4, 2006 2:13PM

<< <i>Kat,

I don't know how insightful they are, but thanks. The Newfy market is somewhat stratified. Here's my detailed take as a collector (I'm not a dealer) and it's all JMHO:

Circulated Victorian - Any problem free Victorian Newfy bronze or silver piece will sell. There is entry level demand for low grade Victorian circulated coins. Problem free key date coins will sell very easily. In many Victorian silver dates, AU is about as high as it gets.

Uncirculated Victorian - MS-60 to 63 is slow, except when they are close to finest known. It seems to me, Victorian collectors either are entry level, or want the best.

Gem Uncirculated Victorian - Wierd market. Probably less than 10 buyers right now. Nice coins near the finest known have a ready market, if priced fairly. Less than that will languish. Here is where I try to collect, and frankly, it may be risky. Having said that, the guys I know at this end of the market are buying with both fists, but for smart prices.

Circulated newer stuff - There's a market for key date Edward and George V stuff, but that's about it.

Uncirculated newer stuff - If it's not a key date, or near the finest known, forget it. An MS-62 1936 cent will grow cobwebs before it sells.

Gem newer stuff - See gem Victorian.

If you are interested in Newfy stuff, PLEASE do your own due diligence, but that is my take.

Rob >>

I've always been a bit perplexed by the comments of various dealers about rarity and value in the Newfie series - because the issue has never been the supply (rare), rather it has been the demand (low). I remember being surprised at various auctions I attended how low the Newfie's went for, relative to what they were listed for. I haven't been to a major auction in the past year, so I am interested in the impression that the market is rising. thanks.

1941 RE Newfy Cent

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