One of the worst releases in recent memory. I don't understand why they are selling a QEII Coronation 5 oz coin when King Charles Coronation is just a few weeks away. I can't imagine too many will shell out $569 for it.
Quote: I've had it with eBay for a while now. Exorbitant shipping costs just about did it for me. Then the GST/PST addition was the final straw that killed the goose. Especially when it's charged on everything, including .9999 silver.
All of these factors are not the fault of eBay but rather of government policy. So blame the government, not eBay.
Quote: I've seen a message that there will be no circulation coins with Queen's effigy in 2023, but it did not say anything about all circulation coins
From Canadian Coin and Currency:
While the Royal Canadian Mint normally issues a collector set each year featuring high quality uncirculated examples of all the regular design coins, the Mint has announced that it will wait for a new obverse design (presumably featuring King Charles III) before issuing any new 2023 circulation coins.
Quote: Plated coins have duped many collectors in the past. ALTERED coins are illegal in Canada. Even though CA states they are plated that does not remove the liability of them. The attempt to resell them as off metal errors is very common. Neophyte collectors are generally most fooled by them and may/have caused them to spend recreational funds on other safer items leaving numismatics. The hobby can not afford that. The dealer here paid less than melt for sure and is trying to make a profit on it. I find this typical and lacks any common sense! I find the responses interesting and I thank all for them.
Are they illegal? What about those coloured Canada Silver Maple Leaf Coins from Germany that sell on eBay. Those coins have been sold on eBay for years. Aren't 3rd party coloured coins also "altered"?
Quote: What do all think of the 5kg silver Commemorative Penny? Mintage of 150. Would it be a good investment, or not? https://www.mint.ca/en-us/shopping/-last-penny- $11,000 Canadian represents a steep premium, but of course you're paying for rarity. What about 10 or 20 years from now?
Rarity is relative to demand. Very expensive NCLT like 5 KG coins are hard to re-sell because very few coin collectors can afford them unless they have deep pockets. That is why they make only 150 of them.
Since the demand for expensive NCLT is low it is almost impossible for it to appreciate in value.
Quote: This toonie will probably be really hard to find in the wild due to it"s unique colour, depending on mintage of course. Back with the 150 celebrations the BOC made close to 40 million special notes, there was no demand for 40 million
Announced mintage is 5 Million. It will be pretty hard to find in the wild.
Mostly minor changes except for one noteable one. You no longer need to spend $3000 to get access to Master Club coiins. Previously you need to a Platinum member that spends $3000 to get access to Master Club coins. Now Gold MC members who spend $1500 a year can buy MC coins. Sort of lowering the bar.
If anyone has been following recent MC releases you would know they are taking longer to sell out. Making them more accessible should move them faster. On the flip side, making them easier to get, make them less exclusive, which could affect prices.
Quote: are the years meant to be reversed for mintages?
Thanks for catching my error. Yes the years were reversed but now corrected.
Quote: Or have they made a coin with a potentially popular theme available to a larger audience?
If that was the case, why not double the mintage to 10,000 or make it unlimited.
Increasing the mintage only dilutes the value of the coin. We see the Mint doing it to other coins. The most recent example is the 2022 Black Gold Otter coin where the they increased the mintage from 4500 to 6500 from the previous year. Due to the increased mintage every dealer has it in stock at issue price. Because supply outstrips demand, you can easily find it for below issue price.
Soon you will be able to get that coin and the new UFO coin at 50% discount at auctions.
As a collector I would hate to see my collection devalued because of increased mintage. Bullion value is not something I look forward to.