How accurate is the Charlton Canadian price guide?
tydye
Posts: 3,894 ✭✭✭
I have a the opportunity to purchase a complete collection of canadian silver dollars. Using the guide it seems a very fair deal. There is one problem coin - of course the big key 48. AU details but polished. But other keys are nice uncs 47 varieties etc.
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This is the problem- certain dates in 64 and higher are rare and just do not surface often- but the demand still seems to be different and the prices are weak for average dates that have average appeal- find a 1945 or 46 in 64 or 65- and see what they sell for
Experience the World through Numismatics...it's more than you can imagine.
<< <i>I was think about making an offer less the 48. >>
If the 48 is a problem coin, it might be best to deal with it separately.
It's just that I got my PCGS grades.
Probably a prudent pass.
myEbay
DPOTD 3
The prices for older coins in high grades are more accurate then the modern high grade items, which I feel are grossly over-valued.
I live in the USA but buy a lot of coins from Canada and the exchange rate is not favorable at this point in time.
Canadian Coin News "Trends" are updated every two weeks and, IMHO, are still a bit on the high side.
However there is now a new editing staff for the Trends section, which may result in more accurate pricing.
The Haxby "Coins of Canada" is slightly more accurate, price-wise, than Charlton.
Bear in mind that these catalogs are prepared many months in advance and so the prices may not reflect current market values.
<< <i>Thanks for the advice everyone. I have decided to pass and not pursue the set. I am not familiar enough with the series to lay out that much cash on the set. Even with the 48 out of the equation it was still 50% over melt value. Average 62 to me with some 63 and 64s. >>
The 1938, 1945, 1946, 1947/47ML and, of course, the 1948 are the keys to a 1935-1967 Canada dollar set.
IIRC the 1956 is the key to the Elizabeth era coins.
At any rate, I would be very glad (make that thrilled!) to pay 50% over melt for a set of MS62/63 coins (1935-1967), even without the 48.
I disagree with the poster who claimed the 48 is not "really rare".
Granted there are always some to be had, unlike a 1921 half, but it IS a scarce coin and is the absolute key to the series.
I have many ICCS graded MS62 and MS63 coins that are extremely well struck with a lot of eye appeal and I think there is a ready market for these grades in the Dollar series.
My 1948 is PCGS graded MS62 and I paid about 75% of Trends for it several years ago. It has appreciated (at least on paper) since that time and I expect it to continue to do so in the future.
High mint state coins (MS65 and over) are scarce for many years of issue and command substantial premiums
With diligence and patience one can put together a very attractive set of Canada dollars in the lower MS states (62-63) at a cost affordable by most serious collectors - but the 1948 will still be the most expensive (all other things being equal).
In my 35+ years of collecting Canadian coins, I can state that the next hardest one is the 1947.
These are readily obtainable if one is willing to pay the price.
ICCS has certified well over a thousand in MS state, PCGS, NGC, etal have also certified many.
A comparably priced coin is the 1858 5/8 ten cent piece.
Of this coin, ICCS has certified 34, and only 2 of this number are MS.
If one had ten thousand dollars, I dare say he could easily purchase 3, 4, or 5 1948 $ within a week.
They are available.
Good luck on finding the 1858 5/8 ten cent piece. Very seldom are they offered for sale.
How many 1948 $'s transactions does a Canadian coin dealer conduct each year?
Ask the same question concerning the 1858 5/8 ten cent piece.
I would prefer a 'rare' coin rather than an expensive common popular coin.
doug
LOL! Just realized this thread was resurected but I still agree with my statement above!