Even worth having these Canadian MS dollars not be melted?

TexasNationals

I was trying to sell these for months on the BST, sold a few and now I am tired of it, I pulled the 47-Pointed 7 Maple Leaf in PCGS 63 and the 1938 in PCGS MS-63 out as they are worth far more than melt, but I am going to crack these out and throw them in with the other few $100's in face of 80% I have and dump them when the price is right, is there any reason not to? The Canadian market seems dead and even thought the gold is the 11C a lower mintage more valuable coin, no one cares so it will go in the melt bucket with the jewelry and damaged US gold, these were the asking prices, was I way out of line Is there a wholesaler to send these to that would buy the 47 point 7 for $700 and 38 for say $200 along with these? I find it had to beleiev I can't get $1500 for a 1925 5c PCGS MS-62 nickel? What is up or am I on the wrong boards?

1935 S$1 PCGS MS62 $60
1937 ICCS MS-62 $50
1937 S$1 PCGS MS63 $95
1939 NCG MS-62 $35
1966 Large Beads S$1 PCGS MS63 $30

NCG Sovereign 1911C NGC MS-63

Pokermandude

I'd like to say no, but the market is so damn soft. Before silver tanked from $40/oz I had picked up a 1936 dollar in ICCS MS64 for just 4x the melt value, under half of the trends price. Even at the current melt value, I've only paid 5-5.5x the melt value for it. Insanity.

Off that list: the 1937 in MS62, 1939 in MS62 and 1966 in MS63 and even the 1911 sovereign (the highest mintage Canadian sovereign, 257k) are basically worth melt. I think cracking those and throwing them in the pile is a shame, but really it won't cost you much, if any, money. The others still have some collectible value though.

The Canadian gold sovereigns never were too popular with Canadian collectors. The Canadian mint was required to strike them if they were told to by the British, I don't think they ever circulated. It's a British denomination and had no place in Canada's decimal system.

As for the high grade 1925 nickel, I've noticed that the 5c/10c series have all been bringing way way under trend values lately. I think there's definitely some artificially high/outright wrong trend prices for these coins in the mid and high grades.

Check your PMs.

ajaan

Trends Sept 13, 2011

1935 S$1 PCGS MS62 $60 $55
1937 ICCS MS-62 $50 $60
1937 S$1 PCGS MS63 $95 $100
1939 NCG MS-62 $35 $30
1966 Large Beads S$1 PCGS MS63 $30 $29

As stated, the Canadian market is depressed and slabbed coins are selling well below Trends. Your coins are worth more than melt, currently at $18. I'll give you more than melt for all of them.

syl

It is my opinion, and my opinion only, that grading creep has been occuring with ICCS coins. What used to be a 62 is now encased in plastic as a 63 or 64; likewise, old 25's are now 30's. Also, since PCGS and NGC are getting more and more Canadian coinage to grade, the grading parameters both sides of the border use are also causing difficulties in price comparison. U.S. TPG's use eye appeal as one of the parameters, while ICCS seems to use soley "technical grading". An "ugly" toned 64 will still get an ICCS 64, while PCGS may give it a 62. Since many collectors now use Ebay or other auctions to purchase material, and you don't have the coin in hand to examine, ICCS soft flips do not photograph well ... and ICCS is the TPG used by most coins that collectors see. I, personally, am very suspect of any ICCS coin graded in the last 2 years, because I think that they have become very "liberal" in their grading. I think that CCCS and PCGS are much closer to the mark, but each TPG service has their strengths, depending on which denomination is being graded. Do I think that the Canadian market is a little soft ... yes. Do I think it is as soft as most people think ... no. I think that honestly graded, collectible coins still are coming through well, but I think that modern high-grade common coins have been getting way too pricey (at least accordoing to the guides/Trends) and the bubble is bursting. When Trends prices (which is inflated to start with) seem to dictate that the current price level now makes it feasible and cost-effective to send in a raw coin for certification, similar coins start to come in out of the woodwork and supply exceeds demand. Boom! the bottom drops out. Couple that with mid MS-60's coins that are suspect as to grading, then you have wary collectors thinking twice about purchases.

Also, concerning forums, you may want to look at this site .. fairly new, but getting there:
http://www.canadiancoppercoins.com/index.php

YQQ

Well now,

I believe we had our go around with these a few months ago. You elected to "just go away".
are you surprised?
first, there is NO "47-Pointed 7 Maple Leaf in PCGS 63 " ever minted!
there is either a 1947 pointed 7, or a 1947 ML. BUT NO combination of the two.
ML $ 1 are all made with a blunt 7 only! Differences are double HP or single!
second, being greedy is one thing and different from being unrealistic.
A few months ago when you offered your Canadian Dollars for sale, a very realistic offer was made by myself, based on the list you provided.
you just ignored it.., so, please stop whining about it...

common courtesies were not present at your side , or you were just ignorant about being courteous to simply say: NO , not interested.
when i suggested that I knew someone who might be interested, you said , in your words: If a deal can be made, i will look after you.
just as a side note, the person i was going to get you together with would have made the offer you were looking for.. I still have your emails.
however, your greed got the better of you...,
I had to think long and hard about this post, but..., the truth is the truth....
perhaps the webmaster will block me for posting this... , for calling a spade a spade..
but, so be it.
H
PS: If I have this all mixed up, please accept my humble and sincere appologies

DoubleEagle59

It's true that the two companies grading Canadian coins have different philosophies regarding what constitutes a particular grade.

Bottom line is this when it comes to Canadian graded coins.

Very few US citizens want an ICCS graded Canadian coin, whereas very few Canadian citizens want a PCGS Canadian coin. (and even less demand for NGC and Anacs Canadian).