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1921 Canadian 50 cents sells at TOREX

Toronto, Ontario

Last weekend's "Winter" TOREX Coin Show, (the first of three 2014 shows) at the Hyatt Regency Hotel in downtown Toronto was a bustling and successful event garnering a lot of positive comments and numismatic camaraderie.

TOREX welcomed over 40 dealers and a constant stream of numismatic enthusiasts.

The Canadian Tire Coupon Collector’s Club (CTCCC) and The Classical & Medieval Numismatic Society (CMNS) both enjoyed great turnouts. Canadian Coin News was back again.

The Canadian Numismatic Company (TCNC) confirmed that the February TOREX was a success in all aspects. With a strong show attendance and more than 300 registered auction bidders, the sale was a hit.

"The floor attendance was constant throughout the bigger Saturday evening session," TCNC spokesman Eric Paquet said. "I just finished shipping some lots to Asia, and we also sold to bidders in Britain and Bermuda, so it was getting around internationally."

For most collectors the most interesting item was the 1921 50-cents piece, graded PCGS MS-66. The coin had attracted some interest in advance. When it came up in the auction it quickly sold to an Internet bidder at $277,300 (all prices realized include premiums). "It certainly was the highlight of the auction," Paquet said.

As well, a 1881H Victorian 50-cent piece, PCGS MS-63 sold for $14,150; and a Condition Rare VF+ 1878 Dominion of Canada note, brought in over $9,500; while an 1875H large date 5-cent piece in MS-62 sold for $9000.

"More of the Victoria and Edwardian pieces in Mint State are selling now compared to a few years ago," Pacquet said. "There are buyers out there and they are looking for nice premium quality and lustrous coins. These coins are obtainable at fair market prices."

A 1947ML 50-cent piece with the 7 curved right, sold for $8,200 on an $8,000 estimate. Among the Maritimes, a Newfoundland 1876H 10-cent pieces sold for more than $4,500 on a $4,000 estimate. A 1885 Newfoundland $2 Gold sold for just below the $7,000 estimate.

There also was a fair amount of interest in modern Royal Canadian Mint products. Out of 274 lots, all but eight sold.

"With more than $850 000 in sales and 1,666 lots, this venue should be considered a big success in all regards," he said. "The numismatic market should be excited with the results as several key and better grades pieces sold at above set reserves indicating that the market is gaining strength and we can only see it getting better long term." Paquet added that he was also extremely happy to see that the TOREX bourse was particularly busy during the show, with many collectors lined up at bourse opening. "It shows that the brand remains strong," he said.

Many show attendees took the time to complete TOREX comment cards giving a huge thumbs up to the show. The following were just some of the many positive comments we were very pleased to receive:

“It was fun!” - Ronin“Great experience.” - Steve“You're doing great work.” - Irene“Very informative, friendly dealers, reasonable prices” - Jerry“Very educational.” - Norma“We look forward to this show.” - Les "Great event. Well organized." - Bowen "Well done." - Steve "Great job!! I love it." - Ramen "Gret show! Lots of great stuff to see!" - Chris "Spent a lot, met some TV stars, very entertaining." - Garth

Please join us again on June 28 & 29, 2014 at the Hyatt Regency on King for another exciting weekend of all things numismatic. Louis Chevrier of Lower Canada Auction will be conducting the June 2014 TOREX auction.

The TOREX Coin Show & Auctions is Canada’s oldest commercial coin show, hosted 3 times per year at the Hyatt Regency on King in downtown Toronto. TOREX is the best place to buy, sell, trade and evaluate your coins, ask questions relating to numismatics, obtain information about area coin clubs, and meet other numismatic enthusiasts.

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