Realcent.org

http://www.ebay.com/itm/6-676-42-in-Can ... 4180abea5f

Someone who has the funds can get a "on-paper" 20% gross return on their money almost guaranteed if they can buy the coins and get them back to the border states to deposit.

Note the auction description line:

"We are open to offers above 75% of face value. Any offer below that will auto-decline."

Makes you think that Canadian coins are difficult to get rid of in Florida.

I am thinking this is systemic of Florida and the Canadian tourists there maybe. For whatever it is worth, the southern states may get Canadian coins and choose to rid themselves of them instead of trying to use them for regional/local mercantile trade. Just an anecdote, but anytime I looked on Ebay for Canadian coin lots, it would seem the southern states had no idea of the value of the Canadian coins and always have some outrageous opening bid price for common date clad coins. Just IMHO, but coin collectors in Florida who see the deal in buying up Canadian coins, maybe way under face, should jump on it. This seller above will be parting with $250+ EBay and PP fees along with the under-face lot principal gross just to move the coins.

That's a good deal. Wish I were in a position to take advantage of it.

Interesting, but the fit would have to be right. It's an investment with a gross return of only 15% and requires transportation to make it work.

68Camaro wrote:Interesting, but the fit would have to be right. It's an investment with a gross return of only 15% and requires transportation to make it work.

I am wondering how many possible non-clad coins may be in there as an aside. And how many 0.999 Ni nickels and semi-semi's are there too. But, OK, if a Floridian snowbird heading up to New England in their SUV wants to jump on this deal, it looks really lucrative. I can tell you that Canadian cents get a premium already because they have been discontinued and apparently collectors think they need to rush the gates to get them now.


EDIT: Not many pennies the lot. But still, all those quarters in the collection, maybe there are some silver ones, but who knows. Interesting too, I see no Ebay Bucks award-able for buying the lot.

it says i get $100 ebay bucks if i buy it

68Camaro wrote:Interesting, but the fit would have to be right. It's an investment with a gross return of only 15% and requires transportation to make it work.

The return would be like 15% per WEEK though - correct?

15% per instance. Gross. Which isn't much unless it fits into something else that would happen anyway (as noted above). Like a snowbird returning north.

Also, a 15% return would require a substantial volume ($800 to $1000 FV at least) to make sense when you factor in time and effort. In any event I view .999 NI coins as more of a buy and hold asset as I think there is potential for substantial appreciation over the next 3 to 5 years.

If anyone wants to do a deal like this, I am always open to accepting Canadian coin at a discount. Sort it out (don't send silver or Ni or Cu coins) and roll it up and ship it to my US PO box in a flat rate box. Happy to split the profits.

sold