just flicking through ebay looking for some bargins lol and came across 25x 1oz maples 2010 selling for $900 wow thats amazing price item 320631684962 it wasnt long ago i bought a tube of 25 for $645 almost tempted to put mine on what do you think
It's a gamble. These prices are due to a shortage of physical out there to buy (for maples) at present. Drutter has been talking about supply in and around Vancouver dried up, so I am not surprised to see some enterprising individuals cashing in. I can see regular supply of maples being back early in 2011 so if you can get a 50% increase on your sale price, I'd say go for it - you can easily convert your profit into localised silver at a profit. Maples are not numismatics (well most are not), so if people are willing to pay a premium, then why say no?
Something odd must be going on. Because they are the main source I follow that still has any, I track my Canadian Timber Wolf coins at Apmex. They were selling about 20 of the 25 coin Wolfpacks each day. Suddenly, they acquired about 100 packs and now the selling has declined tremendously. They now have more Wolfpacks than Maple Leafs.
The 1997 ones have a hefty collectors premium,as only 101,000 or so of them were ever minted .-compare that to the amount minted in 2009! Year Mintage 1988 1,062,000 1989 3,332,200 1990 1,708,800 1991 644,300 1992 343,800 1993 1,133,900 1994 889,946 1995 326,244 1996 250,445 1997 100,970 1998 591,359 1999 1,229,442 1999-2000 dual date included in 1999 figure 2000 403,652 2001 398,563 2002 576,196 2003 684,750 2004 680,925 2005 955,694 2006 2,464,727[3] 2007 3,526,052[4] 2008 7,909,161[5] 2009 9,727,592[6] http://en.wikipedia.org/wiki/Canadian_Silver_Maple_Leaf#cite_note-charltonp434-0
Well actually the 1997 Maple is rarer than a 2000 Series I Lunar Dragon. That puts it in numismatic territory. Actually most of those mintages <1m would be numismatic. That's the sort of payback that you hope for when buying bullion coins.
Here is a 1 oz 1997 one at the moment on the bay,just ticked over $66 . http://cgi.ebay.com.au/1997-Canada-...270?pt=LH_DefaultDomain_2&hash=item336409399e
