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Rare Canadian tobacco tin sells for $55,000 at New Hamburg auction

Rare Canadian tobacco tin sells for $55,000 at New Hamburg auction

A small, rare Canadian tobacco tin sold for a whopping $55,000 at a New Hamburg auction on Sunday — nearly five times its original estimate.
The 3 Strikes pocket tin, which is about 125 years old, was part of Miller & Miller Auctions' Soda & General Store Advertising sale on May 25.
Before the auction, the tin had already attracted a pre-auction bid of $29,000, well above its expected price of $9,000 to $12,000.
'I've been a dealer of nostalgia for over 50 years and this is only the seventh one I've come across,' said Ed Locke of Renfrew, Ontario. 'And there hasn't been a new discovery in 15 or 20 years. It's significant.'
The small tin, made by the Erie Tobacco Co. in Kingsville, Ontario, is what collectors call a 'cross collectible.' It appeals to both tobacco collectors and baseball memorabilia fans because of the image of a baseball player on its front.
'Collectors can be a funny breed,' said Ethan Miller, CEO of Miller & Miller Auctions. 'Find something they need to complete their collection, and money is no object.'
Tobacco tins from this time are often damaged by rust from leftover tobacco inside, but this one was found in near-perfect condition during a house renovation near the old Erie Tobacco Co. factory.
'This is the Holy Grail, the best of the best, the rarest of rare,' said Christine Blaus, Miller & Miller's specialist and consultant.
Locke added, 'Canada produces some of the best tins out there. Americans like Canadian pocket tins and see them as being just as good as the American tins.'
The auction house has seen strong demand for rare Canadian tins in recent months. In March, three other pocket tins — the Taxi, the Gold Dust, and the Torpedo — each sold for more than $5,000.
'When you get something rare in a desirable category and in very, very good condition you just never know how much it will command,' said Locke. 'Is a collector ever going to get a chance to own another again? Maybe not. That's why it will bring whatever the market will bear.'

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Gran Tierra Energy Announces Sale of Gran Tierra North Sea Limited
Gran Tierra Energy Announces Sale of Gran Tierra North Sea Limited

Yahoo

time17 minutes ago

  • Yahoo

Gran Tierra Energy Announces Sale of Gran Tierra North Sea Limited

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time20 minutes ago

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Gen Z's Debt Is Way Worse Than Other Generations

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Gen Z is paying the price for that." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "One of the troubling economic signs from Gen Z has been their lack of attention to both long-term debt like student loans and short-term debt like small cash advances from apps for quick purchases. Whether it's through forgetfulness or an unwillingness to pay, these debts do add up, can dramatically hurt their credit scores, and make securing future loans for cars, houses, and other large purchases more difficult." Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek: "The long-term consequences are real. While these cash advance apps do not check your credit before issuing an advance, they are reporting your balance and repayment history to credit bureaus. Missing scheduled repayments, overdrafts on your banking accounts, and accessing credit too often will lower a borrower's credit score. 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California woman thought she'd left a $5 tip until she saw it was $5,000 — and was told it couldn't be voided
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