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End Of An Era For RCM's Silver Dollars?

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 Posted 12/22/2015  4:38 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list
BU dollars usually had a smaller mintage than their Proof cousins.
Something about the brilliant elements on brilliant fields that appeals.
It was likely that sales of BU dollars are sinking and they can use that
silver for X for X coins, which seem to be the NCLT growth area.


Proof Fine Silver Dollar - 50th Anniversary of the Canadian Flag (2015) - Mintage 20,000
Brilliant Fine Silver Dollar - 50th Anniversary of the Canadian Flag (2015) - Mintage 15,000
Proof Fine Silver Dollar - 100th Anniversary of the Declaration of the First World War (2014) - Mintage 40,000
Brilliant Fine Silver Dollar - 100th Anniversary of the Declaration of the First World War (2014) - Mintage 20,000
200th Anniversary of the War of 1812 - Proof Fine Silver Dollar Coin (2012) - Mintage 40,000
Brilliant Fine Silver Dollar - 200th anniversary of the War of 1812 (2012) - Mintage 25,000
(80% of mintage sold before archived)

I bought the BU 2012-1812 in September 2014 for $19.95
full clamshell, coa, beauty box, in the Sept Blow-out
sale at CA, good deal for a $54.95 coin (36% of issue).

Commems previously posted a chart showing
the mintages slowly being reduced for the silver dollar
series over time in another thread. I believe they have
effectively phased out the Brilliant and are really
reducing the mintage of the proofs as well.

Maybe a good thing.
Edited by SilverDon
12/22/2015 5:07 pm
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Canada
6768 Posts
 Posted 12/22/2015  9:06 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list

Quote:
The RCM has issued an annual BU commemorative silver dollar since 1981 - a span of 35 years.


@Commems:
But there were BU Commemorative Silver Dollars prior 1981, as example 1876-1976 posted by Canadian Coins.

Could it mean that the 2015 BU being last one, will be sought by collectors and loaded up by "collectors"?
CCF Master Historian of USA Commemoratives
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12296 Posts
 Posted 12/22/2015  9:18 pm  Show Profile   Bookmark this reply Add commems to your friends list

Quote:
@Commems:
But there were BU Commemorative Silver Dollars prior 1981, as example 1876-1976 posted by Canadian Coins.

The 1971 through 1980 commemorative silver dollars were classified by the RCM as being "Specimen" strikes not BU - all of canadian_coins fantastic images are of Specimen SDs not BU coins.

BU coins officially began in 1981, the same year proof SDs first became available from the RCM.

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Australia
21788 Posts
 Posted 12/22/2015  9:48 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
I hope that there is someone in the RCM who reads this site, at least once per week.
The CCF is where they will find the collectors of RCM coins and so this is where they should look at their market for market directions.

We look at their site!

You get a sale when there is an agreement between buyer and seller.

This also applies to the Canadian collectors here who may, or may not, want a continuation of silver dollars.
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 Posted 12/22/2015  10:14 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list
Thanks a lot, Commems, for the clarification.

Do you guys, keep the Silver Dollar of your year of birth? not as part of the SD collection, but in separate, as "your" silver lucky coin?
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 Posted 12/23/2015  8:52 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list
I have a year of birth Prooflike set in pliofilm, a
business strike and a few others. Issue price for a set in
'63 was $3.00. They made 673,006 PL sets and another
291,000 PL dollars sold for $1.25 each. They minted over 4
million business strikes so you can get these fairly
cheaply -$25.

End-Of-An-Era-For-RCM’s-Silver-Dollars?
Edited by SilverDon
12/23/2015 9:27 pm
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 Posted 12/23/2015  9:40 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list
Amazing coin, Silver Don.

This is the PL, right?
The relief is great.
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 Posted 12/23/2015  10:15 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list
It is a PL.
CCF Master Historian of USA Commemoratives
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12296 Posts
 Posted 12/23/2015  11:58 pm  Show Profile   Bookmark this reply Add commems to your friends list

Quote:
Do you guys, keep the Silver Dollar of your year of birth?

Yes, I have a P/L set with the SD from my birth year. It's part of my overall SD collection.


Quote:
I believe they have effectively phased out the Brilliant and are really reducing the mintage of the proofs as well.

True, and I fully recognize that it's because of lower sales of the coins in recent years - the RCM is trying to match its mintage limits with projected sales as close as they can.

It still disappoints me, however, to see them discontinue one of their traditional coins that still enjoys annual sales in excess of 10K. If they are truly trying to reduce the number of 2016 issues, there had to have been many other coin themes that could have been cut without anyone even noticing.


Quote:
My guess is this finish is more difficult to produce because any imperfection will be noticed with the naked eye whereas (modern) Proof coins with heavy frost can hide defects that would other wise be noticed on the surfaces which is the area of greater die stress.

Interesting perspective. I've always found that marks on proof coins "jumped out" at me more than they did on BU coins. Everybody has different eyes when it comes to their coins!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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2408 Posts
 Posted 12/24/2015  6:40 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list
@commems, I meant to say that the shiny relief (not the surface) is more difficult to produce than a frosted proof relief. Any Die Deterioration gets lost in the noise, whereas this would be easily picked up on a brilliant relief.

I agree with you that a Proof "surface" is the ultimate and any defect will pop out. I'd say the same can be said for the BU dollars. However, I don't have any more of those in my collection to compare...

One other thing to consider is the mint makes more profit for the same amount of silver - with little more effort.
Edited by canadian_coins
12/24/2015 6:41 pm
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 Posted 12/24/2015  8:39 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list
The neat thing about the BU dollars was the basic
packaging and glossy brilliant luster. Hard to photo, I
had to make a shadow. Sorry for the crop job.

I have 4 from the 80's and here are some pics.



End-Of-An-Era-For-RCM’s-Silver-Dollars?

End-Of-An-Era-For-RCM’s-Silver-Dollars?

End-Of-An-Era-For-RCM’s-Silver-Dollars?

End-Of-An-Era-For-RCM’s-Silver-Dollars?

BU

End-Of-An-Era-For-RCM’s-Silver-Dollars?

Proof

End-Of-An-Era-For-RCM’s-Silver-Dollars?

BU

End-Of-An-Era-For-RCM’s-Silver-Dollars?

Proof

End-Of-An-Era-For-RCM’s-Silver-Dollars?
Edited by SilverDon
12/25/2015 8:32 pm
CCF Master Historian of USA Commemoratives
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 Posted 12/24/2015  9:54 pm  Show Profile   Bookmark this reply Add commems to your friends list
Great stuff SilverDon! Thanks for sharing!

After the holiday, I hope to find the time to take a group shot of my SD collection so that I can post it here.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 12/24/2015  10:23 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list

Quote:
The 1971 through 1980 commemorative silver dollars were classified by the RCM as being "Specimen" strikes not BU - all of canadian_coins fantastic images are of Specimen SDs not BU coins.


Actually, in terms of strike quality, 1981 to present are still specimen quality. The lined finish on other "specimen" coins post-dating 1996 and the mirror "BU" finish we see on the single cased silver dollars are recent descriptive terms. "BU" coins from 1981 to present are still struck in Ottawa, exactly the same way that "Specimen" coins were struck from 1971 to 1980.

I am not saying it is correct nomenclature, it is a grey area when looking at the strike quality of coins. US third party grading companies have wrestled with this with mixed results. They would consider ultra heavy cameo proof-like strikes with fresh dies to be proof strikes, by US standards. Do we grade and classify these coins by what the mint tells us they are, or by their strike qualities?
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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 Posted 12/24/2015  10:35 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list
I did find an old picture of a "true" BU dollar.

End-Of-An-Era-For-RCM’s-Silver-Dollars?
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 Posted 12/25/2015  09:31 am  Show Profile   Bookmark this reply Add SilverDon to your friends list

Quote:
Do we grade and classify these coins by what the
mint tells us they are, or by their strike qualities?


I have always found the Specimen Silver Dollar versus BU
description of Brilliant Legends and Devices on Brilliant
Fields as identical for Specimen Silver Dollars '71-'80,
and BU dollars '81 - Present. I see the BU described as
simply Uncirculated for the series in some reference books.

It is hard to keep the nomenclature straight in my head.

Especially when more recent Specimen Set issues turned
into the Reverse Proof - linen field and lustrous devices.



Quote:
After the holiday, I hope to find the time to take
a group shot of my SD collection so that I can post it
here.


Can't wait to see your collection Commems,
should be a great display.

Edited by SilverDon
12/25/2015 10:16 am
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