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Why I Gave Up Collecting Canadian Coins

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papeldog's Avatar
Canada
1923 Posts
 Posted 02/09/2017  08:47 am  Show Profile   Bookmark this reply Add papeldog to your friends list Get a Link to this Reply
Its only my opinion but I think it would be of the best interest to inconnu's and Wildflower's post to be separated from each others and place wildflowers post on a separate post concerning a totally different subject.

Not to pick on anyone or there idea's as they are both valid posts with good questions to be answered with our thoughts as collectors on both subjects in question.

They are two different subjects and gets away from the original post
Please get rid of the argument on this post of Granny bait verses RC Mint issues SPP-Ottawa
Thank you
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DEVLEC's Avatar
Canada
3234 Posts
 Posted 02/09/2017  09:17 am  Show Profile   Bookmark this reply Add DEVLEC to your friends list Get a Link to this Reply

Quote:
Please get rid of the argument on this post of Granny bait verses RC Mint issues SPP-Ottawa


Great idea because it has no place or validity here..
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garys64wildcat's Avatar
United States
593 Posts
 Posted 02/09/2017  11:42 am  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
I enjoy reading comments pro and con. I agree with some and not to others.

I enjoy my Canadian coins and most I have were collected prior to 1970. My albums don't have spaces for newer non silver coins. as are my Charlton and other guides. I would go to my brick and mortar shops for help. I liked the bid boards and trading with other collectors for needed coins.

The mints RCM and US mints are very over priced and if I get any they are when I buy old sets when someone tires and sells for a decent price.

Its hard to start collecting in recent years unless you have deep pockets as I see how many $$ to get a year set US or Canadian. My last mint RCM set was the 1971 BC Silver Dollar

I must be the Granpa bait person. I have a grandson who likes coins and I have helped him to keep the hobby going. I don't like the Granny bait either

Thanks to the CCF members for their help


Pillar of the Community
Canada
2845 Posts
 Posted 02/09/2017  12:56 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply
If I may be allowed to add clarity ---

There's different things going on here.
Are common nicknames or labels that refer to race or gender in a disparaging manner offensive in today's world?
Let's hope answer is an anonymous yes and anyone who disagrees must be living under a rock. This is beyond "political correctness" unless you support open season of disrespecting others.

Next question then.
To that regard, is GrannyBait an offensive name that circulation collectors often use when referring to NCLT. Yes because the term GrannyBait is intended to ridicule buyers of NCLT. In the context that it's spoken, knowing the animosity held by many circulation collectors toward NCLT in general, it's also offensive to females. No sugar coating is needed, I've been around the block once or twice myself.

To be clear, it's the principle of the matter, this is not only about me. I sincerely believe that for coin collecting to increase in popularity, we cannot be taking low blows at others.

Do any of you have grandmothers? Surely you wouldn't use the word GrannyBait while discussing shopping matters with them? This is an open forum and the words we use here reflect on the hobby and what sort of people participate in it.

When this all began, I suggested usage of the word GrannyBait was a deterrent to the hobby. In my utter innocence I thought perhaps some of you might not have realized the word leaves an offensive impression. In my utter innocence I was not prepared that the status quo behind an offensive word would be so strongly defended or that by mentioning it, I would become the problem.

I have nothing more to say that hasn't already been said.
Pillar of the Community
Canada
1463 Posts
 Posted 02/09/2017  1:07 pm  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
Wildflower, the problem is the way you're approaching this, with words like dark ages, dinosaurs, living under a rock. Belittiling and being potentially offensive to others is no way to get across a message that you feel a term offends you. Many here have said they're fine with grandpa bait, and you then questioned weather that was offensive.

As many have suggested, start a new topic in general discussion and I think many may will respond more positively.


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Canada
5585 Posts
 Posted 02/09/2017  1:07 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
It is my personal opinion that the term refers to the hugely inflated/rip-off prices that the RCM charges for NCLT. Some of the stuff is actually not bad .. but only if you buy it on the secondary market 2-3 years down the road where is sells for 1/3 of the issue price or closer to scrap with a small premium. I do not find it derogatory at all to anyone other than the RCM merchandising dept.
Valued Member
pfrien's Avatar
Canada
127 Posts
 Posted 02/09/2017  1:11 pm  Show Profile   Bookmark this reply Add pfrien to your friends list Get a Link to this Reply
Prices for Canadian coins have been weak for the better part of a decade (with some exceptions such as tokens). However, in the USA I don't see that. In contrast stamp collecting is weak worldwide.

I think it is premature to write an epitaph for Canadian numismatics. If the hobby was in serious decline, prices would be much lower after all these years. Appears to be an orderly market of buyers and sellers.
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trout1105's Avatar
Australia
7096 Posts
 Posted 02/09/2017  1:31 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Grannybait discussion and Poll here.

http://goccf.com/t/280203
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thedollarman's Avatar
Canada
4911 Posts
 Posted 02/09/2017  1:50 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list Get a Link to this Reply
Wildflower.....did you not read SPP's post?


Quote:
WildflowerAB - if your intent was to derail the entire thread, congratulations... however, tread very carefully, because in our books, that is called "trolling". It is unproductive and utterly irrelevant to the original poster's message and intent. Trolling is unacceptable here... if you want to debate political correctness in numismatics, then take it to the General Discussion forum.

As for the rest of you... you should have known better than to "feed the trolls"...



and as for me, I apologize to the moderators and to the community and thread for helping to derail this by giving my response to wildflower's post..sometimes I just gotta put in my thoughts, this wasn't a good place to do it.
Feel free to call me Will.
Valued Member
Canada
456 Posts
 Posted 02/09/2017  2:02 pm  Show Profile   Bookmark this reply Add pginrh to your friends list Get a Link to this Reply
I have followed Wildflowers other posts on these forums. She is quite insightful and enthusiastic. I would not want to see her banished from the Coincommunity. I believe that all has been said that is pertinent and lets keep discussion to the original intent of this forum entry .
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Apitrix's Avatar
Canada
581 Posts
 Posted 02/09/2017  2:08 pm  Show Profile   Bookmark this reply Add Apitrix to your friends list Get a Link to this Reply
This thread is getting quite heated, I believe SPP should put out the smoke before it turns into a fire!
Edited by Apitrix
02/09/2017 2:11 pm
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 02/09/2017  2:29 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
This is actually a great thread and it is time to get it back on track. Where goes the Canadian Coin Market from here , no one knows but I have a really good guess. I think it has potentially a 20 to 30 per cent down side correction for the pedestrian low grade material. The Key Date problems free coins have a good upside potential , since most are exported anyways.
Grade creep was mentioned in Robs original post, before this all started heading off the rails. Usually grade creep happens in a Hotter not a Colder Market. Grade tightening is a result of a very tight market. No doubt the grade creep is happening but certainly is a mystery from my end.
Will there be Collectors of Canadian coins in the future ? Sure but it may not be Canadians doing the heavy lifting.
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 02/09/2017  2:34 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
Everyone should STICK to the OP's topic.

I can't stand it when someone hijacks another's post.

wildflower - start another thread and leave this one.
Pillar of the Community
Canada
1463 Posts
 Posted 02/09/2017  2:57 pm  Show Profile   Bookmark this reply Add Alan to your friends list Get a Link to this Reply
I tend to agree with pacific and okie.

The hunt is always fun if you love the hobby.

Pacific's point about mid grade vs high grade rarity is important, when comparing coins to the stamp hobby.

Some of the rare high grade stamps have held their value quite well while mid grade common stuff is sold in lots at a penny or 2 on the dollar.

It does concern me that we will see a faze out of coins in the 10-20 year time frame.

Few from the generation will have any interest in coins because there,s no fond memories or sentimental attachment.

I remember the good memories of my first rabbit nicklmand Mountie quarter and us bicentennial quarter, I suppose that's what got me interested in collecting, the feeling of finding something different that I could show people.

I really like world coins more so than Canadian, because of affordability and I take much interest in the different designs and strike features, the differences in luster and quality. And I like showing them to people, coins from forgotten nations that no longer exist.

I see the counterfeits as being the most troublesome for the hobby.
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aghawk's Avatar
Canada
343 Posts
 Posted 02/09/2017  2:59 pm  Show Profile   Bookmark this reply Add aghawk to your friends list Get a Link to this Reply
Despite the downward pressure on the hobby I have shared that for myself the part of the hobby that I enjoy as a challenge is picking up a really good deal - often at auctions (both live and online).

This is one way of sidestepping the whole issue of RCM overvaluations on NCLT that has been discussed. I get it that some of you have no problem paying full issue price once something comes out that you really want. That's your business. Seems like many on this forum are frustrated by the volume and pricing of items coming out of the RCM as well as the fact that much of the RCM NCLT will not hold its value - which I am sure is also a deterrent for anyone in the hobby who is concerned about future value.

Where I'm going with all this rambling is that at auctions I understand that there will often be competition for items I'm interested in. Obviously, I am not going to win all the items I bid on.

So the part that puzzles me is that there often times seems to be people who not only bid items up past my limit but often past retail if one were to buy new. Often these are NCLT items from the RCM in perfect shape. So if the hobby is suffering who are these people that pay more than retail? I don't think these are shill bidders either - I've been in enough auctions to recognize those.

Have any others here been involved in auctions where items seem to go for more than retail or get bid up to crazy prices?
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