Also got a 1944 Newfoundland cent for less than face.

General discussions about canadian coins.
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henrysmedford
Posts: 126
Joined: Sat Jun 29, 2013 10:44 am
Location: Oregon

Also got a 1944 Newfoundland cent for less than face.

Post by henrysmedford » Sat Jul 27, 2013 7:31 pm

We also got this for less than face.
Image
1944 by henrysmedford, on Flickr

Shylo
Posts: 213
Joined: Fri Apr 12, 2013 10:42 pm

Re: Also got a 1944 Newfoundland cent for less than face.

Post by Shylo » Sun Jul 28, 2013 2:17 am

Great GRAB... I love all the newfie coins...

I'm confused on how you say you got it for less than face... did someone give it to you... or did you only pay 1/2 cent

henrysmedford
Posts: 126
Joined: Sat Jun 29, 2013 10:44 am
Location: Oregon

Re: Also got a 1944 Newfoundland cent for less than face.

Post by henrysmedford » Sun Jul 28, 2013 4:34 am

I live in the USA and the coin shop buys Canadian coins at a .6 of face and sells them to us at a .8 of face. Some times they are buying coins from widows so the coin shop pulls the silver and gold and they rest we try to get. I have found more than one US coin shop that will sell Canadian coins at face are less.

Shylo
Posts: 213
Joined: Fri Apr 12, 2013 10:42 pm

Re: Also got a 1944 Newfoundland cent for less than face.

Post by Shylo » Thu Sep 05, 2013 2:15 pm

Amazing...

I live in Canada... so personally I would be buying everything they had... even if I didn't want to keep it.. I'd spend it at face.. and still be up 20%.... *sigh*

Keep buying up those newfie coins... I think they're great and soo undervalued.. even at current CV prices.. but especially at .8 face... I would buy it all!!

Keep us posted with the finds.. and the stories.. sounds like your LCS is a pretty neat place to visit..

verdigris
Posts: 227
Joined: Wed Jan 09, 2013 11:51 am

Re: Also got a 1944 Newfoundland cent for less than face.

Post by verdigris » Thu Sep 05, 2013 10:58 pm

Amazing... not really. It only goes to show how supply and demand economics really works. Henry in this case, is just very, very lucky by birth :)

sounds like your LCS is a pretty neat place to visit..

You would think so. It's called Needful Things. Meet the owner...

http://www.youtube.com/watch?v=tsfMRbHkKCM


Sometimes things aren't too good to be true!


HA!
Cheers

henrysmedford
Posts: 126
Joined: Sat Jun 29, 2013 10:44 am
Location: Oregon

Re: Also got a 1944 Newfoundland cent for less than face.

Post by henrysmedford » Fri Sep 06, 2013 6:42 am

Shylo wrote:Amazing...

I live in Canada... so personally I would be buying everything they had... even if I didn't want to keep it.. I'd spend it at face.. and still be up 20%.... *sigh*


My long term plan is to make a trip to Canada to cash in all the change to pay for the trip. We also get Canadian coins for free from coin counters. See--http://realcent.org/viewtopic.php?f=10&t=20414&hilit=+free

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