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World Coin Shows – Rare 2002 Canada Cent Selling for $7000 at Toronto Coin Expo


By Toronto Coin Expo ….
The Toronto Coin Expo, Canada’s premiere coin and banknote show, returns to the Toronto Reference Library at 789 Yonge St. this weekend on April 22 & 23, from 10 a.m. to 5 p.m. Coin collectors, dealers and those new to the hobby can buy, sell, trade and have appraised all kinds of material with Canada’s top numismatic dealers.

Along with the show bourse – a hotspot for sales, acquisitions and trades – the Toronto Coin Expo will host a series of workshops.

Long-time numismatist Chris Boyer hosts the Kids’ Introduction to Collecting Coins, which uses genuine coins, medals, tokens and banknotes to teach kids how to start and maintain a collection. Participants will receive a coin collector starter set. Experienced collectors can look forward to an anti-counterfeiting workshop hosted by counterfeit expert Mike Marshall, and a two-hour coin grading workshop led by esteemed numismatic teacher Francois Rufiange.

The third edition of the Canadian Paper Money Society Note Registry book will be launched at this show. This book will inform collectors on the rarity of a broad range of Canadian paper money. The Registry has proven to be a very valuable resource, has lead to the discovery of some truly rare banknotes, and will be on sale for $45 at the show.

The auction, hosted by Geoffrey Bell Auctions, takes place on the Friday night at 6 p.m., showcasing an array of decimal coins, medals, tokens and banknotes. The following highlights will be up for auction at the show this weekend.

In 1859, what was then known as the Province of Canada struck a large (with a one-inch diameter) one-cent coins made of bronze. However, a very small number of these coins were minted in brass and are highly sought after by collectors. Geoffrey Bell Auctions will be offering an example of this rarity with a pre-auction estimate of $18,000+.

The Royal Canadian Mint struck pennies in 2002 that had a copper plating over a core of steel and nickel. A small “P” can be found on these coins to indicate a composition of mostly steel. This core can be verified as the coin will be attracted to a magnet. By mistake several one-cent coins with a zinc core (which are non-magnetic) were made but yet having the small “P”. This contradictory coin is very rare and the finest example of such a coin is expected to sell for $7,000+.

An extremely difficult note to obtain in high grade condition is the 1897 Dominion of Canada $2. The note features a portrait of The Prince of Wales, later King Edward VII. A charming picture on this note features the popular Grand Banks Dory, with six men in the fishing boat. This superb example is estimated to fetch $10,000+.

The 1916 Molsons Bank $10 note features a beautiful colour and river vignette with portrait of William Molson Macpherson along with his hand-signed signature. This eye appealing note is in excellent condition and is one of only 18 examples know to have survived and is highly sought after, and expected to sell for CA$5,000+.

These rare items and many other interesting coins, tokens and banknotes will be available for viewing at the Expo prior to the Geoffrey Bell Auction on April 22 at the Toronto Reference Library, located at 789 Yonge Street. The Toronto Coin Expo is Canada’s premier coin & banknote show and auction. The public is invited to the bourse floor where 50+ dealer tables will be offering coins, medals, tokens and banknotes from Canada and the world. For full information, please visit www.torontocoinexpo.ca.

Coinweek is the top independent online media source for rare coin and currency news, with analysis and information contributed by leading experts across the numismatic spectrum.

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