Canadian Dollars

Canadian Dollars
1935

Thursday, January 28, 2010

Before I move on I need to answer some questions that I have received through e-mail. The popular question is "What is Trend Value". If you watch the stock market you have a good idea on Trends. Trend Value is the fair market price at a certain time, this can and will change over time, up or down. Your own car has a certain market value, this information can be obtained from what they call the Blue Book. For coins you can get this information from the Coin News or a Charlton Standard Catalogue. The informaation from these sources will give you a fair market Trend Value. However take note this dose not mean that you will get this for the coin if you were to sell it to a dealer or other buyers of coins. There are two types of dealers, one who buys wholesale, buys from coin shows or autions or complete colletions.The other is a retailer who buys from wholesalers or those that just walk into thier store selling thier coins. They also have thier own buying guide book, which is far below Trend Value. The wholesale buyer is sure to have one, too convince you to sell cheap. For example, a 1949 Canadian Silver Dollar has a fair market value today in MS-65 condition of $125.00. A retail dealer will offer you around $25.00 to $30.00 for it. Usually a dealer will offer you 25% of Trend value. Now a wholesaler buyer will offer you around $10.00 and then sell to the retailer for $25.00. Then the retailer will sell it for around $110.00, just a little below Trend. Some dealers will actually sell at Trend, you can check this by looking at some retailer web sites. Also remember if you take your coin to a dealer and you say "I saw the value in The Coin News", they will always tell you "do not pay attention to that" and then bring out what they say is the real guide for coin values. If you have a coin you think is valuable, do some research.

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