Thinking of selling one of my old favorites

ajaan · January 6, 2009 12:51AM

NOTE: this is not spam, I am not currently offering this coin for sale. I was just thinking it might be time to sell this Canadian Dollar. I've owned it for a while now and there is a local collector/part time dealer who has been trying to get me to sell it to him for a year now. Should I or shouldn't I? I know I'm the only one who can answer this question, but what would you do?

The forum has been kind of slow lately so I thought I would get your views.

ColinCMR · January 6, 2009 12:53AM

Keep!!

ASUtodd · January 6, 2009 1:01AM

I'd sell it.........

FilthyBroke · January 6, 2009 1:13AM

Many of the coins I own become subject to this debate as well. I'll hold one for a while, and then wonder if I couldn't use that money for a more purposeful purchase. Now, this may not be your conflict, but it sure is for me.

I have a very select few that I consider permanant residents. I don't even know when I'm making the purchase whether it'll make it to that status or not, more of a feeling afterward. Make sense? I'll just say I try hard not to sell any that I feel I may regret, or have trouble replacing if I needed to.

Let us know how it turns out.

Stork · January 6, 2009 1:55AM

I can't see the picture (I'm at work and they just don't load here...) but the question I would ask myself is whether or not I'd rather have the coin, or the money from selling to buy another coin. If there's another coin you'd rather have the money in, go for it. If there is something way cool about it though, you might want to keep it anyway. It may be a temporary change in focus and you might regret it too much if you sell it. So far I'm only regretting one that now I want to get back into that set of coins and I miss the one I sold. Fortunately it wasn't so unique that I can't get another one as good or better someday, but it would be nice to still have it

.

On the other hand, if the question is the coin or the house payment...sell the coin!

Cathy

(I'll have to look at this thread when I get home so I can see what we are talking about!!)

JCMhouston · January 6, 2009 1:58AM

If it's part of your core collecting interest ask yourself if you'll be able to replace it. If it's just another pretty coin to you, and you can make a substantial profit then off it goes.

zeebob · January 6, 2009 4:23AM

What does SP mean?

I don't have many Canadian coins, what might a coin as nice as that bring in an auction?

theboz11 · January 6, 2009 5:01AM

I'm with JCHouston on this one.

Hussulo · January 6, 2009 5:13AM

If it was me, it would need to depend on whether I really needed the money.

If the money was to pay a debt or buy a coin I really want for my core collection, then I would say YES.

If I had had a great offer on it then MAYBE.

If someone made a reasonable offer on it but I didn't need to sell and even though it didn't fit in my core collection, I would say NO.

I still have a handful of coins that don't fit into any of my current collecting interests but I don't plan on selling them as they are to beautiful, low mintage or personal.

The coin you have displayed is a real beauty and in an exceptionally high grade. If you sell it the chances of getting another much the same are probably slim, and in years to come will you regret having sold it?

WWW · January 6, 2009 5:16AM

I would sell it. An SP68 is a great grade for these, but there are certainly plenty more still out there in the clam shell cases.

ajaan · January 6, 2009 5:31AM

SP = Specimen like a proof wannabe. Canada didn't mint true proofs until 1982

JZrarities · January 6, 2009 5:35AM

Sell It.

You can pick up another Colorful 1972 Here

and a colorful 1971 Here

I'll be back in the USA at the end of the Month (although my wife can ship the coin(s) if you need them...

JZ

olmanjon · January 6, 2009 5:45AM

I had an 1889a Prussian 20 Mark in xf that I had traded a bunch of common silver for and then traded it for a bunch of British crowns. Very happy with the crowns but now I don't have any gold. It was a nice piece. Wish I could buy it back.
Olmanjon

spoon · January 6, 2009 6:24AM

Toning is kinda unique to each coin. I think I'd probably sell it and consider it a challenge to find another toner that captivates me as much as this one.

On the bright side, you can sell at slabbed rates and likely find your next toner for a fraction raw

mnemtsas2 · January 6, 2009 6:31AM

Only you can answer this question. Only you know what this coins means to and only you can know if you can part with it. I certainly have coins in my collection that I will not sell unless I decide to move away from the hobby completely! Lovely coin btw

SYRACUSIAN · January 6, 2009 6:36AM

Guys, I don't think that there's any other member here who's handled more toned Canadian 71-72-73 coins than ajaan, if he thinks it's special, it is really special.

The title of this topic alone is a hint of future seller's remorse. My advice is strong HOLD.

Blackhawk · January 6, 2009 6:58AM

Are all the toned Canadian dollars from those black holders graded as SPs? I think that I have a 1971 that is graded by NGC as an MS.

ajaan · January 6, 2009 7:00AM

They are usually graded SP by NGC, PCGS grades used to call them PR if I'm not mistaken. They now use SP.

Doogy · January 6, 2009 11:50AM

<< Guys, I don't think that there's any other member here who's handled more toned Canadian 71-72-73 coins than ajaan, if he thinks it's special, it is really special.

The title of this topic alone is a hint of future seller's remorse. My advice is strong HOLD. >>

Dimitri - I do agree that Don has certainly had his share (or more!), but I think much of the advice centers around the ability to find another. I know i'd had boatloads of these at one time, around 70 or so of the 1971-'73, and well over 100 all together. Of those, i'd say at least 30-40 were true stunners that i bought for not much more than melt. Point is, they are certainly plentiful when one looks; heck, i bought 8 more in one hour last weekend, at one tiny coin show. Remorse may set in temporarily, but there are plenty of them around to keep him entertained.

satootoko · January 6, 2009 12:33PM

I guess you know what I would do with a tarnished coin.

Rickc300 · January 6, 2009 3:58PM

Dip it and then sell it as a BU!

Rick

SYRACUSIAN · January 7, 2009 7:29AM

<< 

<< Guys, I don't think that there's any other member here who's handled more toned Canadian 71-72-73 coins than ajaan, if he thinks it's special, it is really special.

The title of this topic alone is a hint of future seller's remorse. My advice is strong HOLD. >>

Dimitri - I do agree that Don has certainly had his share (or more!), but I think much of the advice centers around the ability to find another. I know i'd had boatloads of these at one time, around 70 or so of the 1971-'73, and well over 100 all together. Of those, i'd say at least 30-40 were true stunners that i bought for not much more than melt. Point is, they are certainly plentiful when one looks; heck, i bought 8 more in one hour last weekend, at one tiny coin show. Remorse may set in temporarily, but there are plenty of them around to keep him entertained. >>

Doug, I didn't know that you too were so familiar with them, and in principle you're right. The hunt is always on and ajaan will handle a lot more in the future I guess. So will you and coinpictures who collects them and images them too. But because the shroom rarely holds on to a coin, actually I can't recall any other than this one that he used as an icon for a short period, and the two 1958 proof halfpennies I would suggest to keep it.

Come to think of it, I've recently bought a Greek 1873 drachma in PCGS MS65 and I happen to own a colorful NGC MS64 that was my first icon here, older members might remember it. I wouldn't consider selling it for that reason alone, without counting the fact that it wouldn't bring a considerable amount anyway.I wouldn't exclude it, but it would be among my last choices.

lordmarcovan · January 7, 2009 7:39AM

<< If it's part of your core collecting interest ask yourself if you'll be able to replace it. If it's just another pretty coin to you, and you can make a substantial profit then off it goes. >>

That would be sound advice, I guess.

<< Guys, I don't think that there's any other member here who's handled more toned Canadian 71-72-73 coins than ajaan, if he thinks it's special, it is really special.

The title of this topic alone is a hint of future seller's remorse. My advice is strong HOLD. >>

Well, there is that. I would respect Dimitri's opinion far more than my own when it comes to a lot of Darkside material. And Don, you know far, far more than I do on this sort of thing, so your opinion carries a lot more weight than most here, even if you weren't the owner.

If your local collector/dealer wants it REALLY bad and is willing to pay a strong price for it... well... follow your instincts.

Certainly JCMH and Dimitri's comments re. it being a core collectible and there being a danger of seller's remorse can be a caveat, though.

SYRACUSIAN · January 7, 2009 7:48AM

Actually Rob, and thanks for the kind words, you have a trademark lot, the gold holey hat. Or is it the vest?

Don is a rare breed of collector and I would recommend him to keep it as an exercise in commitment. In numismatics of course.

coinpictures · January 7, 2009 8:08AM

<< If you have to ask yourself the question, "Should I keep it or should I sell it?" in the first
place then I would keep it if I were you. If there's something about it that is bugging you
then sell it. It's a nickel dollar, and you can always buy another one. >>

Not so much. These are silver.

(Yeah I'm being picky.

)

Personally, I love these and I collect them. They're comparatively inexpensive, but that's part of the allure.
You don't have to go broke collecting them, and every one is uniquely different.

Don's 68 is a nice grade though and the surfaces look quite nice. I have a few PCGS pieces in 67 and 68... none in
69 tho.

Here's a pic to piss off the dialup viewers.

The color transitions especially at the periphery of the coin are
quite interesting.

coinkat · January 7, 2009 8:35AM

Certain coins that are the driver for a collector's interest should be kept as a reminder of what makes us collect.

Is this circular verbal nonsense? I really don't think so...

edited to correct spelling as to us

coinpictures · January 7, 2009 9:13AM

<< Is this circular verbal nonsense? I really don't think so...

>>

Not at all.

Collectors collect collectibles that create a collectible collection, thus instilling the cause that causes collectible collectors to collect.

Doogy · January 7, 2009 9:18AM

There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.

Donald Rumsfeld

Stork · January 7, 2009 9:28AM

My head hurts.

Keep the coin. It's cool.

coinpictures · January 7, 2009 9:33AM

<< There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.

Donald Rumsfeld >>

Or Yogi Berra.

*AFLAC*

ajaan · January 7, 2009 10:28AM

<< Dip it and then sell it as a BU! >>

Well that didn't work very well.

Do I have to remove it from the slab before I dip it?

Thinking of selling one of my old favorites

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