Canadian Large cent variety help

jfoot13

Can someone give me a 2nd opinion if this is the 1893 repunched 9 listed in the new Charlton variety section page 337 ?
coin also has some nice die clashes

Thanks for any help
Ken

bosox

Ken - Yes it is. - Rob

jfoot13

Thank you.. you just made me very happy

olmanjon

Wow! I just looked through my own collection. When I had seen that nine I thought it looked like damage not a repunch. After looking at the picture in Charlton, I now see it is the tripple punched nine variety. Mine is in Au. The 65th edition of Charleton has it listed at $975 in au. Just how realistic is this figure? Wish I had the capability to photo this piece for you.
Olmanjon

bosox

The Charlton one cent variety section was written by myself and six other guys. When we did the pricing for the section, we did so by:

1. Estimating the scarcity of the variety.

2. Estimating the demand for the variety.

3. Determine a multiplier over the "regular" non-variety price for that date.

4. Calibrate the price versus the current pricing for the DP#1 and DP#2 1859 cents and the 1884 obverse 1 cent.

The scarcity and demand factors were based upon the collective one cent variety collecting experience of the group doing the work, which was considerable. The multiplier was our best estimate of where the price SHOULD fall based on those factors. Having said that, no real organized market in these coins had formed in these coins when we did the catalog, so they are merely estimates of what should be.

I doubt that many will pay those prices now, primarily because people can and do still cherry pick many of these varieties from dealer inventories. Over time I think the catalog will have two effects. First, dealers will become more and more knowledgeable on one cent varieties. They will eventually label and price them correctly. Secondly, I think the catalog will raise collector demand because they now have specific varieties for which to look. My prediction is that in a year or two the cherry picking opportunities will dry up, supply and demand forces will take over, and the prices will approach those printed in Charlton.

Happy hunting!

Rob

coinkat

congrats

olmanjon

Thanks for the response Rob. Four years ago I became interested in Canadian large cents and traded two 2 1/2 Indian gold U.S. for about 300 of them. Ever since, every time I hear about a new variety I search through and lo and behold there it is. Amazing that I have been able to find so many of the varieties in that original batch. All I can say is "Thank you Smitty"
Olmanjon