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The Canadian Numismatic Company
August 2021 RCNA Auction  29 Aug - 1 Sep 2021
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Lot 20

Starting price: 145 000 CAD
Lot unsold
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"Once in a Lifetime"....a term used fairly often and likely too frequently to amplify the cache of something that is truly special. So, let's be clear. This IS... A ONCE-IN-A- LIFETIME opportunity. To own the finest ever assembled set of NEWFOUNDLAND copper. 20 Population report #1 coins among the 30 coins in the date range of 1865 to 1947C. The completeness of Perth denominational collections, NLFD and CDN is well known among Canadian collectors, with many only imagining a chance to add singles to their own sets. The uniqueness of this offering can't be over-looked on multiple fronts: A 30-coin set that is opening at a price point well below an Unc 1921 Gem 5¢. Not to mention that the populations of some condition rarities in this set, are far more difficult to acquire than the '21 even in Superb Gem Mint State-66 and Superb Gem Mint State-67. While the set has a technical trends valuation of 200k, we all appreciate that with population number 1's, premiums over trends is expected. In consideration of the above clearly illustrating excellent value, NFLD coins in general and relative to their populations, remain incredibly under-valued. A potential buyer is well positioned to buy well now and maintain ownership of a historical set that deserves greater catalog valuations in the rarer grade points.
The set has a vast and varied line up of numismatic who's who in form of pedigree and broker. From Belzberg and Waxman to Heaton, Mason, Marr, Baldwin. Trade professionals, Cornwall, Moore, Walsh, Newcan, Lighthouse. To major auction houses, Heritage, Stack's and of course, The Canadian Numismatic Company, of whom is the only such auction house to offer complete.

The Coins !
Our highlights must start with the 1880 Oval 0 in PCGS Gem Mint State-65RB. The solo finest by a full grade and astoundingly difficult in Mint State. The obverse provides us a chance to attend this 3D image without the glasses, clearly an incredible early strike with Victoria so solidly raised above the fields to look to be floating. A softness in the reverse crown is unique and suggests the possibility that the coin was struck with different purposes in mind, ranging from diplomatic to circulation. Regardless, it was put away, beautifully preserved and over 120 years finds itself to be the finest known.

The Oval 0- sister coin, the 1880 LOW 0, PCGS Gem Mint State-65+ RB , also solo finest, largely red and known amoung ardent followers of the series to be virtually as difficult to acquire in gem Mint State. Follow this Victorian road a bit further to the,

1890 example in PCGS Gem Mint State-65RED. Simply a sharp and satiny red example, notable the only RED example graded at PCGS.

The Perth 1873 example is PCGS Gem Mint State-65RED. Again a solo #1. Followers of the series, fully get how difficult this coin is to acquire in gem or even MS. A series key.

Please enlarge the 1876H picture as well, at PCGS.COM . It is PCGS Superb Gem Mint State-67RB. Solo finest, a virtually flawless example that holds very subtle toning over the obv. A stunning ebb and flow of quality that truly, looks so much better in hand.

Let's jump into some Edwards !

1904H PCGS Gem Mint State-65RED. Solo finest. Virtually full red, but what stands out in this gem is the feathery soft details, without even a cabinet rub, along Edward's beard. Simply outstanding.

1907. PCGS Gem Mint State-65RED. Solo finest. And only example of the date graded RED. Such a spectacular example to hold as the key in the Edward series.

1909, PCGS Superb Gem Mint State-66RED. Tied number 1. But picked out because of its array of orange, red and gold colouration. Making this example a coin with tremendous eye appeal in every way.

The 1913, the first of the George V large cents, finds itself tied at #1, though difficult to imagine a prettier example, following the trend of the 1909 in a beautiful range of red and associated shades. Simply stunning.

The 1920C and 1929, share the same shelf space, at solo #1's. Collectors of Canadian have not been overly intimidated at acquiring either of these dates in quality MS conditions, however, stepping a little further east to 'The Rock', these dates become very challenging. The 1920 PCGS Superb Gem Mint State-66RED - is the rarest in the series of GV. Considered to be under-valued more than most and likely only survived from being a very early strike and immediately put away for its clear quality. The 1929, shares the grade point of Superb Gem Mint State-66RED, full red in fact and outstanding strike.

Two the most special G VI examples, also solo #1's, are the 1941 and 1947.

The '41 PCGS Choice Mint State-64RED, tends to be a coin that is hard to let go. The eye appeal is sublime carrying a hue rarely found in copper coins but sold at premiums when discovered. Firey orange and red cascading towards gold. True coin art.

The Perth 1947 is PCGS Superb Gem Mint State-66RED. It seems fitting that the last coin in the series, like the set itself, sits alone at the top. Four grade points ahead with the next finest being a Choice Mint State-62RED, it speaks for itself in the technical and eye appeal merits and is so well fitted to concluding this remarkable 30 coins.

SUMMARY:

We are an auction house. We buy and sell coins and enjoy the time they are in our hands before being passed along. We feel obligated to offer this set to our loyal collector base, however the temptation to buy this ourselves, not to public auction - and put this away is intense. It's completeness, rarity across the board, the eye appeal and of course, the history ( provided to a new owner ) is special. We see great value. It won't be broken up. It might realize more being sold separately, but it is simply too historically important. This set could sell at the opening; however, it could also sell at twice that. It could fit into a Provincial museum or a personal collection or even, a speculators investment holdings.

We could imagine it in a major Newfoundland corporate lobby or boardroom. We can imagine it donated to a museum as well.

But aside from what we can imagine what we HOPE is, it finds a home with a collector. To enjoy generation to generation and when it is ready to be traded again in fifty years, that collector discusses it with our family - who may not let the chance to own it pass by again.
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