General discussions on the canadian coins.
8 posts • Page 1 of 1
Yes, low mintages and few collectors. It's pretty easy to get a nice higher grade collection for not much money if you shop around, especially if you gather coins that aren't TPG'd. Most Newfie small cents aren't worth the cost to cert, so don't pay extra if they are. 30-40 years from now, you'll be glad that you started.
Bill in Burl
The decision to have a coin graded by a TPG depends a lot on the collector and why he "collects". Some just like the hard slabs and prefer them like that. If you are planning to sell sometime in the future and it looks like the expense is going to be covered by the profit, then do so because it's easier to sell a certified coin to a larger market. If you have family members who don't collect or won't keep your collection after you are gone and the coin is valuable, then you should maybe certify it. To me, certifying most coins is a money loser and you end up having more into the coin than it will ever be worth. A coin listed at $200 in Trends or Charlton can be bought at any coin show or careful internet buying for less than $150. You wouldn't be able to sell that same coin to a dealer for more than $100 or so. If you buy the coin for $150 and sink another $30 to a TPG, you've got $180 into a coin that you can only sell for $100 quickly. You would have to wait decades and decades for that coin to ever be worth what you have in it. Now, if you picked up that 1940 RE Newf cent for $10, that's a different story ... now you have a $200 coin that you would have $50 invested in (it costs more to certify a variety), but somewhat more profit potential, but you are never going to get rich.
Bill in Burl
art999art wrote:Hi thank you for your help .So I guess I made a good deal I got over 900 newfoundland small cents of all dates last week for $40 not bad and in mint shape so I guess that's a little profit .
Are they all small cents? We have found some of the small cent in the US the rolls of cents from the bank.
We are working on a set.
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