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Re: Forum gossip thread by Lokmar

I just paid $5000 US for a rare coin....

Started by JOE, November 03, 2023, 08:01:42 PM

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JOE

#30
tho by no means the most valuable in my collection, it's among my favorites:



However, it is bought primarily these days for its gold content as opposed to collector value. It doesn't really have that much value as a collector coin tho it looks very impressive.

TheProwler

Quote from: JOE on November 04, 2023, 04:32:27 PMSince you asked Prowler

Did I?


Quote from: JOE on November 04, 2023, 04:34:37 PMThe coins on a table. There's about 20 of them here all in Mint State or Higher:



Shit, that is a small collection.


What is that at the very top of the picture?  It looks like it is angled over the table.


Quote from: JOE on November 04, 2023, 04:35:51 PMCurrently the most valuable coin in my collection, the 1913 Canada Gold Sovereign (Mintage < 3200):



est value = $3500-4000 USD

But after the Newfie $2 Gold arrives, it'll be the 2nd most valuable I own.

But the Gold Sovereign might actually be rarer even tho its mintage was higher.

I have a bunch of those.  I keep finding more.

JOE

#32
Quote from: TheProwler on November 04, 2023, 05:08:09 PMShit, that is a small collection.


I never claimed my collection was Big.

I forewarned you that it is a 'smalll collection' even tho it's worth about $50,000. Plus they're all in Mint Condition and 90% Gold and up. Altogether, I'm losing in on 10 oz of gold, which doesn't include the numismatic collector value. So that's like $20,000 gold pure gold.

Remember I indicated that I'm just a hobbyist, not a pro. I just buy a coin here and there. I'm not terribly focussed. Hopefully one day, I'll be lucky to buy/collect every major Canadian vintage GOLD coin produced in Canada from about 1865 to 1976. I think there were about 25 or 26 of them. I bought the 1880 Newfoundland $2 Gold since it's considered one of the rarest 'Canadian' coins & one of the vintage coins in that set.

I believe this guy would be classified as a Pro, Prowler:

https://www.georgemanzcoins.com/


A well-known collector/dealer, He's probably seen just about every major coin come across his desk.

But even he has been bested by this guy, George Cook who lay claim to owning every coin ever produced in Canada:

https://www.cbc.ca/news/canada/calgary/calgary-coin-collection-heads-to-auction-1.5112540#:~:text=CBC%20News%20Loaded-,Canada's%20rarest%20coins%3A%20Calgary%20businessman's%20massive%20collection%20heads%20to%20auction,Canadian%20coin%20collection%20in%20history.


JOE

This guy I believe, would also be considered a Pro, Prowler:


Earlier this year, he sold the Ultra Rare 1916 Canada gold sovereign for over $60,000 US, eh:


JOE

#34
Anyways Prowler, I lost a bid today for the 1881 Newfoundland $2 Gold, eh:



It went for $2760 USD including 20% commission.

I lost my nerve and concentration.
But Perhaps the price was too high and not much of a deal. I think the winner had a high secret bid anyways.

At least I managed ta win the 1880 bid which was undervalued.
The 1881 might appear again since its mintage was 10.000 & more common.

If a person managed to get the 'jewel in the crown' of any particular series, it's usually a lot easier ta get the more common ones later on, eh.

I'm still surprised I managed to win the 1880 gold since I thought it might go for $8-10,000 USD, I never thought I stood a chance against the High rollers and the Big coin dealers who often attend those auctions.

that's who yer up against when you bid in those auctions.

JOE

#35
Anyways Prowler, about the only coins worth collecting are those made out of Gold, Platinum or Palladium...or extremely rare silver coins which can fetch a good re-sale price later on.

Otherwise, other than gold most coins are a waste of time and don't appreciate much.

But Gold will always go up for the forseeable future, so of course, the coins will rise in value especially the rare ones.

For that reason I'm not interested in most coins. Just the rare ones made outta precious metals like gold or platinum.

so maybe that's couple 100 of them? Certainly no more than 1 or 2000.

....I have no desire to be the next George Manz or Cook.

JOE

#36
Quote from: TheProwler on November 04, 2023, 05:08:09 PMI have a bunch of those.  I keep finding more.

so when are you gonna post some photos or evidence of your collection, Prowler?

Just to encourage you, I'll post some more of my own.

that might help.

JOE

#37
Here's my 1967 Centennial set with the $20 Gold coin, Prowler.



It's a specimen proof set.

However, other than the Gold, the set isn't really worth much for its collector value. Looks impressive, but actually not that valuable.

since it was made in the thousands, it's considered relatively common & is priced according to is bullion or silver/gold content. About 1/2 ounce of gold and 1.25 ounces of silver apparently.

A lotta my coins aren't that valuable, but I keep em around cuz they look pretty. And the old Canadian coins, especially from the 19th century, 1900s/1960s/70s look really pretty.

TheProwler

Quote from: TheProwler on November 04, 2023, 05:08:09 PMWhat is that at the very top of the picture?  It looks like it is angled over the table.

Joe?

JOE

#39
Here's a bunch of proof-like sets from 1958 to 1967.
10 years worth.

the one in the top is the 1958 British Columbia Haida set with a Totem pole on the Silver Dollar to mark BC's 100 year anniversary as a British colony.



that is the coolest lookin' set imho.

that's the dollar from that year:



Again, not terribly valuable but looks nice.


JOE

Quote from: TheProwler on November 04, 2023, 09:45:45 PMJoe?

It's copier/printer

Where's your coin sets/photos Prowler?

I'm dying to see them.

JOE

Anyways Prowler, you think that candy box of coins is small, but it weighs a lot and is very heavy. it feels like a couple of pounds.

Real Gold is very heavy y'know. And that box isn't very big eiter.


JOE

Here's what over 5 ounces of Gold and Platinum look like Prowler:



I know it's not a lot yet, but I was planning to stack at least 10 ounces of gold and 10 ounces of platinum in the future. I'm aiming for 100 ounces of silver too.

JOE

Here's a box of silver, Prowler:



silver is a lot less dense than gold, but takes up much more room/volume. so a pile of silver can actually be bigger but lighter than gold or platinum.

Silver 1 oz coins are much larger than gold.

I'll try to post a photo comparing 1 oz coins by size.