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Buying Canadian Coins Versus Free Falling Loonie

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Valued Member
Canada
495 Posts
 Posted 12/18/2015  08:32 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
It will be interesting to see we where are headed in 2016 not only with the "hobby" but economy in general. The giant Pacman next door to us is the place to be as pacificoin has noted.
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Pacificoin's Avatar
Canada
5397 Posts
 Posted 12/18/2015  11:56 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Never thought I would love being an exporter so much , but indeed this is MERRY CHRISTMAS . We have a little snow on the ground today and more sunshine in our account as we prepare to send even more stuff to our American Cousins.
It is not all bad this collapsing LOON.
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Canada
5324 Posts
 Posted 12/18/2015  12:00 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
There is always a general thought the federal government wanted a weaker loonie to boast export, but a free falling loonie at some point hurts us all.
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unruhjonny's Avatar
Canada
514 Posts
 Posted 12/22/2015  1:57 pm  Show Profile   Bookmark this reply Add unruhjonny to your friends list Get a Link to this Reply
i think the sweet spot for our export businesses is somewhere around $1cnd = $0.7~$0.82usd

IIRC we have for the most part, for the past thirty years been hovering in the $0.72-0.76 area...


The sky is not falling.
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kbbpll's Avatar
United States
4233 Posts
 Posted 12/26/2015  12:59 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply

Quote:
every thing that is good is about to leave Canada
I've seen this sentiment expressed in various ways on this forum, and always find it curious/interesting. It's like coins are some kind of national heritage or something. As an American, I couldn't care less if a bunch of Morgans or St Gaudens go to Saudi Arabia or Germany. Most of my Canadian coins crossed the border almost 70 years ago, so it's not anything new.
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