Question About the 2003 canadian 1 cent

[Oishi-migration]

hello all... i would like to ask regarding the 2003 canadian 1 cent.. i've noticed that there's a 2003 P with the "old queen" bust and a 2003 P "young queen" bust and there's also a "young queen" version however, it didn't have the P mintmark... are these errors or some sort of variations? thanks and more power...

[spiny]

Thre were both plated (P) and non-plated varieties for the New Effigy and the Old Effigy. 2003 was a busy year for cents. I'm not sure if I have them straight, but here goes...

 

2003 (no P) old effigy

2003-P old effigy

2003 (no P) new effigy

2003-P new effigy

2003-P old effigy Prooflike

2003-WP old effigy Prooflike (Winnipeg mintmark as well as the P for plated)

2003 (no P) old effigy Specimen

2003 (no P) old effigy Proof

2003 (no P) 1953 retro effigy Proof

[Oishi-migration]

mmm... so many varities for just one year... i've look over the net and saw a 2003P old effigy MS65 trends for $25 and one NS66 being sold for $50...

 

http://www.colonialacres.com/pen12.shtml

[shirohniichan]

hmmmm... so many varities for just one year... i've look over the net and saw a 2003P old effigy MS65 trends for $25 and one NS66 being sold for $50...

 

http://www.colonialacres.com/pen12.shtml

 

Every Canadian circulation-strike cent from 1991 through 2003 (except the 1952-2002) has a Charlton guide price of $25 in MS-65. I really doubt the coins are that difficult to find in 65.

 

Do they regularly sell for this much? If so, why not go to the bank every year and buy 100 rolls for cents to cherry pick the 65 and better coins?

[Oishi-migration]

i don't get it.... y would a relatively common cent would trend for $25 for a MS65? what i mean is, its a modern cent and MS65 or better would be easy to find for these dates. does this mean they're more valuable than a lincoln cent? profit wise, i might as well cherry pick canadian cents. Though i still wouldn't give up my love for lincoln cents

[spiny]

Well, your link to Colonial Acres has them at about 2/3 of trends in ICCS MS65. A big portion of that price is for the certification, and who knows if they are actually selling. Also, an ICCS MS65 isn't something you're going to find in every roll if you're trying to make them yourself.

[JamminJ]

hmmmm... so many varities for just one year... i've look over the net and saw a 2003P old effigy MS65 trends for $25 and one NS66 being sold for $50...

 

http://www.colonialacres.com/pen12.shtml

 

Every Canadian circulation-strike cent from 1991 through 2003 (except the 1952-2002) has a Charlton guide price of $25 in MS-65. I really doubt the coins are that difficult to find in 65.

 

Do they regularly sell for this much? If so, why not go to the bank every year and buy 100 rolls for cents to cherry pick the 65 and better coins?

 

They will sell for that much in an ICCS holder, but they are fierce graders at that level.

[gmarguli]

Every Canadian circulation-strike cent from 1991 through 2003 (except the 1952-2002) has a Charlton guide price of $25 in MS-65. I really doubt the coins are that difficult to find in 65.

 

Do they regularly sell for this much? If so, why not go to the bank every year and buy 100 rolls for cents to cherry pick the 65 and better coins?

 

No, they don't sell for $25 at these levels. They sell for MORE! I've seen several LATE date ones sell for $100+ on eBay. I do not see these rolls for sale or would have bought some looking for high grade examples.

 

Also, the price difference between ICCS & NGC/PCGS can be great. The Canadians love ICCS.

[Oishi-migration]

They will sell for that much in an ICCS holder, but they are fierce graders at that level.

 

so it means at ICCS standards, MS65 is not that easy to achieve? i mean, a NGC MS66~67 = ICCS MS65? and i tihnk u guys are right, 2/3 of the price came from the grading alone so that means a raw coin wouldn't really cost that much. anyway, would a coin graded lower than MS65 worth graded? i have a couple of these stuff i found in a roll IMO most are MS60~63.. how much u guys think would they book?

[gmarguli]

It's not that ICCS grades that much harder than NGC/PCGS, but rather the Canadian collectors just prefer ICCS grading over others. A couple years ago you could say that NGC/PCGS was 1 point looser, but a lot of the stuff that's been for sale recently with cross grades (i.e. ICCS giving their opinion on a slabbed coin or an ex-ICCS coin slabbed by NGC/PCGS) the grades have been the same.

[Oishi-migration]

It's not that ICCS grades that much harder than NGC/PCGS, but rather the Canadian collectors just prefer ICCS grading over others. A couple years ago you could say that NGC/PCGS was 1 point looser, but a lot of the stuff that's been for sale recently with cross grades (i.e. ICCS giving their opinion on a slabbed coin or an ex-ICCS coin slabbed by NGC/PCGS) the grades have been the same.

 

ahhh... so its not much of a difference... so it just depends on the coin you want to be graded..anyway, i'm still far from having my coins graded since there are no professional grading services here in the philippines and the only way i can have my coins graded is either sending them through courier or if ever i have the chance to go to US for a vacation..btw, any site where i could visit regarding about coin grading? like free sites that discusses on how to properly grade coins urself. i don't want to bother buying a book or manual about this coz most of the time i'm online tnx guys

[satootoko]

i don't want to bother buying a book or manual about this

Sorry young lady - the only way to become skilful at grading without personal coaching by an expert, is to grade, grade, grade, and then grade some more - all the while comparing the coin you are looking at to the pictures in the book you are trying to learn from. A corollary of TANSTAAFL (There's No Such Thing As A Free Lunch) is that here's no such thing as learning without studying. That's why a basic precept of successful collecting is "Buy the book before the coin."

[gmarguli]

You can read coingrading.com

[Oishi-migration]

thanks for the link...

 

@satoo

 

yup i know that to be able to become good at this, i really need to "practice" alot. of i wont just get it at the first try... i just wanna learn the basics so that i would know where to start...

[shirohniichan]

Every Canadian circulation-strike cent from 1991 through 2003 (except the 1952-2002) has a Charlton guide price of $25 in MS-65. I really doubt the coins are that difficult to find in 65.

 

Do they regularly sell for this much? If so, why not go to the bank every year and buy 100 rolls for cents to cherry pick the 65 and better coins?

 

No, they don't sell for $25 at these levels. They sell for MORE! I've seen several LATE date ones sell for $100+ on eBay. I do not see these rolls for sale or would have bought some looking for high grade examples.

 

Also, the price difference between ICCS & NGC/PCGS can be great. The Canadians love ICCS.

 

I guess the upside to living in Winnipeg is being able to get fresh rolls of coins from banks. If you ever decide to move up there, send me a roll or two.