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Vintage Silver Dollar Collection

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hermanwilliams's Avatar
United States
309 Posts
 Posted 05/28/2012  11:56 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list Get a Link to this Reply
These look neat.

Share some info with a yank if you don't mind. Are they reproductions? How much would shipping be to have some sent down here, if they'll even let me order something like this? I'm not a big Canadian/world coin collector but I do have a few Canadian pieces that are favorites in my collection. Just curious. Thanks.
Valued Member
hermanwilliams's Avatar
United States
309 Posts
 Posted 05/28/2012  11:58 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list Get a Link to this Reply
Oh, yeah. One last question. What is the advantage of buying these coins this way as opposed to just piecing together a set individually?

Sorry if this has already been answered in the thread. Little late and I'll be looking through it more closely tomorrow.

Thanks.
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poboxw's Avatar
Canada
1502 Posts
 Posted 05/29/2012  01:25 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

Quote:
Oh, yeah. One last question. What is the advantage of buying these coins this way as opposed to just piecing together a set individually?

The advantage is that you will be contributing to the financial well being of the Royal Canadian Mint. :) That and you get a box to put the overpriced coins in.

Seriously, this set will only be worth its price if the following occurs

1: the RCM assures that the coins will all be in the same condition (which they haven't)
2: that the coins are of at least of a certain grade (again, haven't even mentioned grading).
3: that the display case reaches some higher standard (likely cheap stained plywood lined with thin plastic felt, judging from recent issuances)
4: and guarantee that the series will be finished within a reasonable and fixed amount of time (very well may take months to ship. the 2011 F15 series is only 6-8 coins in, and we're almost half way through 2012 already).

So no. My advice to neighbors on both sides of the border is to buy the coins individually and not pay the RCM an arm and a leg to take the fun out of collecting coins.



Quote:

Quote:
Did any of you guys check out the "back" of the coins?
A few have the Queen's father and one even has her grandfather.


I would be concerned if they didn't!

Is there a mismatch between the obverse and reverse? Everything looks quite normal I thought
Edited by poboxw
05/29/2012 01:29 am
New Member
Canada
43 Posts
 Posted 05/29/2012  02:37 am  Show Profile   Bookmark this reply Add Mrent to your friends list Get a Link to this Reply
I would like for the RCM, at minimum, answer your first two questions at least poboxw. I imagine this sentiment is also resounded by other members of the forum, and other collectors of RCM products and Canadian coinage in general.


Edit: I hope we get our answer soon. Otherwise, this offer will "go to the birds," as my grandmother would say.
Edited by Mrent
05/29/2012 03:02 am
Valued Member
silverdollarnuts's Avatar
Canada
242 Posts
 Posted 05/29/2012  08:19 am  Show Profile   Bookmark this reply Add silverdollarnuts to your friends list Get a Link to this Reply
bad collection....they should of minted new ones instead in pure silver...that would have been a collection....ill pass on this one for SURE....bummer! I was wishing for something special.
Valued Member
thehulk's Avatar
Canada
178 Posts
 Posted 05/29/2012  10:57 am  Show Profile   Bookmark this reply Add thehulk to your friends list Get a Link to this Reply
In addition to all of the good reasons to pass on this subscription already mentioned, personally I own 4 silver dollars, and all of them are in this subscription (1939, 1949, 1964, 1967). All of the ones I have are probably minimum MS-60, and none of them was more than $35, most probably in the low 20s. These are all the more popular silver dollars and can be had for under $30. $59.95 for an unknown quality silver dollar? No thanks!
Pillar of the Community
Canada
590 Posts
 Posted 05/29/2012  11:29 am  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply
People will buy these coins. If I can sell Glow in the Dark Dino coins for $110 that I bought for $30, then there stupid enough people out there to buy this set. Just watch the home shopping network. Makes me shake my head sometimes. As for the mint, if they think they can take old coins and repackage them and sell them as new and charge a huge profit they are nuts. Those multiple record setting sellouts must have effected their heads. Now it sounds like they are scrounging through the basement of the mint looking for old scrap coins to sell. I'm not touching this with a 3048mm pole (10 foot pole for the Americans).
Valued Member
Center Pin's Avatar
Canada
178 Posts
 Posted 05/29/2012  12:27 pm  Show Profile   Bookmark this reply Add Center Pin to your friends list Get a Link to this Reply
They don't even mention that they will ship in 6-12 months, with a weak apology email about 4 months after the order is placed explaining that they will ship soon.
Valued Member
fkl118's Avatar
Canada
63 Posts
 Posted 05/29/2012  1:54 pm  Show Profile   Bookmark this reply Add fkl118 to your friends list Get a Link to this Reply
Although I will not Be getting this set, I think it is a very good idea.

Many novice collectors, including myself, only recently started collecting due to the popularity of new coins such as the glass ladybug/bee, dino, and other modern enhancements. This set will introduce new collectors to "vintage" coins and increase interest.

So yes it is overpriced for those in the know, but it is a good product for those who want an rcm-endorsed vintage coin set. I'm sure we've all spent way more money on way stupider stuff.
Pillar of the Community
Canada
590 Posts
 Posted 05/29/2012  2:20 pm  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply

Quote:
Many novice collectors, including myself, only recently started collecting due to the popularity of new coins such as the glass ladybug/bee, dino, and other modern enhancements. This set will introduce new collectors to "vintage" coins and increase interest.


Not the right way to do it. This is clearly exploitation. Exploiting a strong market and exploiting high silver prices. They are creating exclusivity simply though it being a mint product.

If they wanted to create interest in old coins they should he created reproductions of old coins. That fact that you can create your own set for 1/4 - 1/2 the mint price is simple and pure exploitation.
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poboxw's Avatar
Canada
1502 Posts
 Posted 05/29/2012  5:29 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

Quote:
Many novice collectors, including myself, only recently started collecting due to the popularity of new coins such as the glass ladybug/bee, dino, and other modern enhancements. This set will introduce new collectors to "vintage" coins and increase interest.

I agree with Dooby, silverdollarnuts, and others. There are many example of the RCM re-minting "vintage" designs to commemorate bygone coins. Digging out old coins that are commonly available in Any coin shop and repackaging it for sale is no way to do it. I'd bet my coin collection that the grade of the coins will be no-where near what the price demands. I'd bet twice over they will Not look nearly as well as the pictures on the mint website either, which in and of itself ticks me off.

Please don't walk the path of the sleazy salesmen RCM. You are our National Mint for pete's sake. Have some integrity.
Valued Member
Canada
402 Posts
 Posted 06/11/2012  1:54 pm  Show Profile   Bookmark this reply Add cdngmt to your friends list Get a Link to this Reply
If these are (as they seem to be to my uneducated eye,) recoining of these dates to original specifications what's to say they don't decide to next offer 1947 ML coins or 1948's; or why stop there; why coin and release any other scarce coins that currently sell for a premium, to scoop a profit ?
Might put a big crimp in coin collecting if they can just redo any date.
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commems's Avatar
United States
12283 Posts
 Posted 06/11/2012  3:16 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
If these are (as they seem to be to my uneducated eye,) recoining of these dates to original specifications


The coins in this collection are not re-strikes or modern reproductions, they are original coins minted in the years shown. The RCM is gathering classic, original coins and then packaging them as a set for collectors.


Regarding whether it would have been better to sell reproductions of these classic coins rather than sell the originals at what is likely a higher price than can be had on the open market...

I would be very disappointed in the RCM if they re-struck the coins. Why do we need more re-strikes of classic original coins? IMO, the RCM has already done too much of this -- 1908-1998 sets, 2010 Voyageur Dollar, 1911-2011 sets.

I believe that long-term collector interest can be generated by producing new coins with fresh, creative, well-engraved designs and minimal faddish "gimmicks." Interested collectors will naturally seek out what came before and find their way to the earlier coins. Re-striking coins that are readily available in the marketplace strikes me as a mistake!



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 06/11/2012  3:27 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply


Quote:

I would be very disappointed in the RCM if they re-struck the coins. Why do we need more re-strikes of classic original coins? IMO, the RCM has already done too much of this -- 1908-1998 sets, 2010 Voyageur Dollar, 1911-2011 sets.


Not really re-strikes. Double dating makes these new issues. They are homages. And not accurate in the case of the 1911-2011 ("ONE" -> "1" on the cent and dollar, as modern political correctness grabbed hold).

True re-strikes would destroy the market they are trying to exploit. I doubt they'd be legal.
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commems's Avatar
United States
12283 Posts
 Posted 06/11/2012  3:38 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@dialog_gvf: Agree that the coins I listed are not 100% re-strikes, but my point was that I would prefer the RCM not largely recycle old coin designs for which originals can still be purchased by collectors of even modest means.

I would welcome using this method to make pattern coins or extreme rarities available for affordable prices (like the 1911-2011 silver dollar), but do we really need modern reproductions of classic coins that are available for $30?
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
06/11/2012 3:39 pm
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