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1964 Sealed Bag Canadian Pennies
Abaco24
Posts: 188
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.
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.
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Comments
Collector since 1976. On the CU forums here since 2001.
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.
Collector since 1976. On the CU forums here since 2001.
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.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Collector since 1976. On the CU forums here since 2001.
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
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 $118! both 1964.
How do you handle these coins if/when opened - surgical gloves?
This could be a big project huh?
and they exist by the ton. You might get about 60$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.
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?
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.
Obscurum per obscurius
My World Coin Type Set
At one time, that's about all ANY Canadian money was good for!
Cheers,
Bob