There's 30 million quarters & they're going to sell them for $1.99 each?
It looks like we can thank Xpanda for that, too.
BTW, tonight i'll be approaching females everywhere to ask them
about a coin i have in front of me that says SEX & "No Cash Value"
on opposite sides. What do you suggest as a conversation starter?
Royal Canadian Mint is actually pretty smart, they want you to save these coins by the roll much like the USPS is quite happy if you buy sheets(100) of commemerative stamps for $39, which probably cost well under $1 to print, and save them because they have Babe Ruth, or Bugs Bunny or the Golden Gate bridge or something "special" on it.
Make quarters for 5 cents or something, and get people to save them is not much different than what US encourages with stamps ( coins too).
RCM is very aggressive in creating coins to sell to collectors ( at a premium), the poppy quarter was a circulating commem issued at face.
I think the ebay price of 8X face is high since there must be millions of uncirculated coins left in virgin rolls.
The fact that you can scratch the red off, encourages you to save them, RCM is not stupid
Canada is smart enough to make coins out of materials that can yield a profit for their efforts, they are quite happy to have these quarters collected ( hoarded) so they can make more quarters.
seign·ior·age
/ˈsin
–noun <TABLE class=luna-Ent><TBODY><TR><TD class=dn vAlign=top>1.</TD><TD vAlign=top>something claimed by a sovereign or superior as a prerogative. </TD></TR></TBODY></TABLE><TABLE class=luna-Ent><TBODY><TR><TD class=dn vAlign=top>2.</TD><TD vAlign=top>a charge on bullion brought to the mint to be coined. </TD></TR></TBODY></TABLE><TABLE class=luna-Ent><TBODY><TR><TD class=dn vAlign=top>3.</TD><TD vAlign=top>the difference between the cost of the bullion plus minting expenses and the value as money of the pieces coined, constituting a source of government revenue. </TD></TR></TBODY></TABLE>
Also, seign·or·age.
while the USA makes nickels with 10 cents worth of copper and nickel in them, Canada makes them out of steel.
copper is near $4 a pound, nickel over $20/lb.
Those anti-Canadian remarks are more reflective of the posters who made them than anything else.
We have to remember that the Canadian mint produced those coins to remember and honour the war dead, those Canadians who died in battle from the WW1 & WW2 and couple of other wars.
People may not like Canada, but at least we should repect the dead, and not use this weird story as an opportunity to bash.
I am a bit of an amateur coin collector, mostly Canadian & US,
and have never seen one of these red tailed quarters. A few
weeks ago a hooker friend passed onto me a 1971 US silver
1/2 dollar. Somewhere else i picked up a US 5c piece with a
Buffalo as tails & an Indian head, date/year worn off. Also
have a 1947 Canuck 25c with George's head, not QEII. And a
US 1898 Silver dollar.
and have never seen one of these red tailed quarters. A few
weeks ago a hooker friend passed onto me a 1971 US silver
1/2 dollar. Somewhere else i picked up a US 5c piece with a
Buffalo as tails & an Indian head, date/year worn off. Also
have a 1947 Canuck 25c with George's head, not QEII. And a
US 1898 Silver dollar.
I don't know the details of a 1947 Canadian quarter, they made like 6 million of them, so it is very common, but there are varities that can be valuable, I don't know what to look for. It is silver, so about $2 for the silver.
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 15.1%; PADDING-TOP: 0.75pt" width="15%">Variety / Variété
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt">Qt. minted/
Qt. frappée
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">G-4
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">VG-8
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">F-12
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">VF-20
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">EF-40
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">AU-50
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; WIDTH: 8.4%; PADDING-TOP: 0.75pt" width="8%">UNC-60
</TD></TR><TR><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt">1947
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt">.
</TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt">5,919,000<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com
fficeffice" /><o
></o></TD><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt" colSpan=7>More than 5 varieties of this coin exist and can worth up to $1 500.00, click here to see more….<o
></o>Plus de 5 variétés existe de cette pièce et peut valoir jusqu’à $1 500.00, cliquez ici pour en savoir plus…
</TD></TR></TBODY></TABLE>
That's a tough call. It would be a rather significant error ( if genuine). It would have to have been struck on a leftover planchet ( 40% silver) from previous years, that sort of thing does happen. I can only guess at this one, but would say a minimum of a few hundred dollars.
The first thing to do would be to get an accurate weight for the coin, I can find the specs, this would rule out a plated coin.
Then you need this guy
http://www.fredweinberg.com/
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: separate" cellSpacing=0 cellPadding=5 width="100%" border=1><TBODY><TR><TD class=darkbrown style="BORDER-TOP-WIDTH: 1px; BORDER-LEFT-WIDTH: 1px; BORDER-LEFT-COLOR: black; BORDER-BOTTOM-WIDTH: 0px; BORDER-BOTTOM-COLOR: black; BORDER-TOP-COLOR: black; BORDER-RIGHT-WIDTH: 1px; BORDER-RIGHT-COLOR: black" noWrap align=middle width=110>Lot: 9609
Auction: 330 </TD><TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width="100%">1971-D 50C Half Dollar--Struck on 40% Silver Planchet--AU55 ... </TD><TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" noWrap width=182><TABLE cellPadding=5 border=0><TBODY><TR><TD class=smalltext align=middle></TD><TD class=smalltext align=middle></TD></TR></TBODY></TABLE></TD></TR><TR><TD class=darkbrown style="BORDER-TOP-WIDTH: 0px; BORDER-LEFT-WIDTH: 1px; BORDER-LEFT-COLOR: black; BORDER-BOTTOM-WIDTH: 1px; BORDER-BOTTOM-COLOR: black; BORDER-TOP-COLOR: black; BORDER-RIGHT-WIDTH: 0px; BORDER-RIGHT-COLOR: black" align=middle width=90> </TD><TD class=darkbrown style="BORDER-TOP-WIDTH: 1px; BORDER-LEFT-WIDTH: 0px; BORDER-LEFT-COLOR: black; BORDER-BOTTOM-WIDTH: 1px; BORDER-BOTTOM-COLOR: black; BORDER-TOP-COLOR: black; BORDER-RIGHT-WIDTH: 1px; BORDER-RIGHT-COLOR: black" colSpan=2><TABLE width="100%" border=0><TBODY><TR><TD class=darkbrown align=left></TD><TD class=darkbrown align=right> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>BP - Buyer's Premium </TD></TR><TR><TD class=bodycontrast>A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>Opening Bid </TD></TR><TR><TD class=bodycontrast>The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>Bid Information </TD></TR><TR><TD class=bodycontrast>For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>BP - Buyer's Premium </TD></TR><TR><TD class=bodycontrast>A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>Minimum Bid </TD></TR><TR><TD class=bodycontrast>Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the current bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a cut bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment. However, for Internet bids, these increments only apply to the current bid. Internet bids greater than one increment over the current bid can be any whole dollar amount. It is possible under several circumstances for winning bids to be between increments, sometimes only $1 above the previous increment. View Bidding Increments
How can I lose by less than an increment?
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<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>Number of Bidders </TD></TR><TR><TD class=bodycontrast>This number represents the number of individual bidders on each lot. An individual who bids more than once is still counted only once. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkblue align=left>Status </TD></TR><TR><TD class=bodycontrast>Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that Heritage has not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve to Heritage has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, Heritage may charge the consignor a higher reserve fee.
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This lot is being sold without a reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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View Larger Image
</TD><TD vAlign=top align=right><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=2 cellPadding=5 width="100%" border=0><TBODY><TR><TD class=bodycontrast><TABLE cellSpacing=0 cellPadding=3 width="100%" border=0><STYLE> .hideRow {display: none;} .showRow {display: table-row;} </STYLE><TBODY><TR class=hideRow id=hiddenRow><TD align=right>
</TD><TD></TD></TR><TR><TD class=h1 noWrap align=right>Sold for: </TD><TD class=h1>$6,037.50 (includes BP
) Bid Source: Internet </TD></TR><TR><TD class=h1 vAlign=top align=right>Ended:</TD><TD class=h1>Sep 19, 2003</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><TABLE cellSpacing=2 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=h1 vAlign=center align=right>Buyer's Premium:</TD><TD class=h1 vAlign=center noWrap>15% of the successful bid (minimum $6.00 per lot) </TD></TR><TR><TD class=h1 vAlign=top align=right>Auction Name:</TD><TD class=h1 vAlign=top align=left>2003 September Long Beach Signature Sale #330 </TD></TR><TR><TD class=h1 vAlign=top noWrap align=right>Auction Type:</TD><TD class=h1 vAlign=top align=left>Signature (The floor auction is being held in Long Beach, CA on September 17-20, 2003. Online bidding ends at 10:00PM CT the night before the floor session for this lot. Your secret maximum bid will compete for you during the floor auction, and it is possible that you may be outbid on the floor after internet bidding closes.) </TD></TR><TR><TD class=h1 vAlign=bottom noWrap align=right>Number of Bidders
:</TD><TD class=h1 vAlign=bottom align=left>7</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
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</TD><TD vAlign=top align=right><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=2 cellPadding=5 width="100%" border=0><TBODY><TR><TD class=bodycontrast><TABLE cellSpacing=0 cellPadding=3 width="100%" border=0><STYLE> .hideRow {display: none;} .showRow {display: table-row;} </STYLE><TBODY><TR class=hideRow id=hiddenRow><TD align=right>
<CENTER></CENTER>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top colSpan=3><!-- DESCRIPTION BOX --><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD class=darkbrown width="100%">Description </TD></TR><TR><TD width="100%" bgColor=#ffffff>1971-D 50C Half Dollar--Struck on 40% Silver Planchet--AU55 PCGS.</I> Kennedy Half Dollars were 40% silver between 1965 and 1970, including the 1970-D which was struck only for mint sets. An unstruck planchet from that production was somehow mixed in with the usual copper-nickel clad planchets during the subsequent year. The peripheries of this example are softly struck, as are the centers of the devices, and there are a few faint handling marks from brief circulation. Lightly toned and with ample remaining luster. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
It didn't paste cleanly, sold for about $6,000
Silver-clad issues (1965-1970, 1975-1976):
It could be destructively tested ( deep scratch) but that would reduce value greatly if its real, so avoid that.
I'd show it to a local dealer for an opinion, a Canadian dealer should know enough about US coins to offer an opinion.
Next step would be to get it certified by NGC or PCGS ( about $30), then you could get big bucks for it.
It most likely was plated later, but the error does exist, the closer it weighs to 11.5 grams, the more likely it is to be genuine and not altered.
- Weight: 11.5 g
- Composition: <DL><DD>Outer layers: 80% silver, 20% copper <DD>Inner layers: 20.9% silver, 79.1% copper </DD></DL>
- Silver content: 4.60 g (0.1479 troy oz)
- Weight: 11.34 g (0.4 oz avoirdupois)
- Composition: 75% copper, 25% nickel
It could be destructively tested ( deep scratch) but that would reduce value greatly if its real, so avoid that.
I'd show it to a local dealer for an opinion, a Canadian dealer should know enough about US coins to offer an opinion.
Next step would be to get it certified by NGC or PCGS ( about $30), then you could get big bucks for it.
It most likely was plated later, but the error does exist, the closer it weighs to 11.5 grams, the more likely it is to be genuine and not altered.
