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MoneyPenney's Last 20 Posts

2023 June RCM Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 05/30/2023  7:07 pm
A rather lacklaster effort by the RCM this month.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
Advanced Notice From RCM For New Royal Coins Cancelled
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 05/01/2023  9:05 pm

Quote:
I find it odd that the Mint releases some items without the advance notice to Master Club Members.


I received the advanced notice from my rep. As far as I know only Master Club members have a rep.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
Advanced Notice From RCM For New Royal Coins Cancelled
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 05/01/2023  3:04 pm
My rep has sent an advanced notice for a Special Royal Coin Launch tonight at 12:01 EST.

Edit: Received a new email tonight saying the advanced notice has been cancelled.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)

2023 May RCM Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 04/26/2023  7:53 pm
The delivery of the advance notice is likely dependent on your rep.. I have the same rep for 10 years now and he always send it slightly after midnight Eastern time which 9:00 pm in BC where I live.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
2023 May RCM Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 04/25/2023  3:46 pm

Quote:
How many more Maple Leaf variations is the Mint going to market? For me, it has already passed the limit!


Given the popularity of the Maple Leaf, I think the MInt will continue to market as many they could. They must be a big money maker as they always sell out.

I guess it is a matter of preference because I don't mind the many maple leaf designs. This years high relief silver maple leaf with gold accents looks stunning.

On the other, how many eagle or polar bear designs do we need?

From Canadian Coin & Currency:
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
2023 May RCM Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 04/25/2023  3:08 pm

Quote:
This is great info, looking forward to the UHR Silver Maple Leaf, do you happen to know the on sale date to the public?


Public release day is always the first Tuesday of the month. That mean for May it is May 2nd.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
Is This A Legitimate Set - New Release Or What?
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 04/03/2023  02:32 am

Quote:
Yes, that is a legitimate RCM set.


No, it is not. The Silver Incuse Maple Leaf is not part of any set.

It is a standalone coin.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
April 2023 RCM Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 03/29/2023  02:33 am
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.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
New RCM "Re-Creating" The 1947 Maple Leaf 5 Cent Coin
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 03/26/2023  01:45 am
This is in my email advance notice:

"Here is our latest Masters Club launch pour our premium customers"

It is now available to order on the RCM site.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
New RCM "Re-Creating" The 1947 Maple Leaf 5 Cent Coin
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 03/24/2023  3:54 pm
No one has mentioned this is a Master Club Club release. At 5500 mintage this is the highest ever mintage for a Master Club Coin. It is more than double the usual mintage of 2500.

I hope this mintage doubling policy does not apply to future MC releases. If will devalue the program as it will be no longer a "exclusive" product as its mintage will be on par with regular issues.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
Thinking It Is Time To Move Away From Ebay
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 03/22/2023  04:22 am

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.
Forum: Canadian Coins and Colonial Tokens
 
2023 Classic Mint Set
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 03/06/2023  7:31 pm

Quote:
when is the general release to the public? anyone?


Coins are usually released to the public on the 1st Tuesday of the month. That mean tomorrow, March 7.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
2023 March New Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 03/06/2023  7:27 pm
Silver Maple Leaf Incuse awaiting stock at RCM despite increase in mintage from 7000 to 8000 for this year. But still available at other dealers like Cdn Coin Currency.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)

2023 March New Release
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 02/28/2023  4:08 pm

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.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
Does Anyone Else Have An Issue With This Auction Listing?
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 01/02/2023  03:40 am

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"?
Forum: Canadian Coins and Colonial Tokens
 
October 2022 RCM New Releases
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 12/12/2022  05:03 am

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.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
New Queen Elizabeth II Toonie Info
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 12/07/2022  3:55 pm

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.
Forum: Canadian Coins and Colonial Tokens
 
Changes To Masters Club For 2023
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 11/15/2022  9:11 pm
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.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
RCM November 2022 New Releases
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 10/25/2022  9:22 pm
This years Peace Dollars is the best looking of the entire series. It should be a quick sellout, which we already see at CC&C, where all three coins are out of stock.

The extra mintage isn't too bad with 5500 to 6000 for the 1 oz and 1000 to 1250 for the 5 oz. Gold plating always add demand to coins, so the extra mintage won't hurt sales.

Certainly not as bad as the 50% increase in the UFO coin, which badly affected sales. It is still available at the RCM and other dealers.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 
October 2022 RCM New Releases
MoneyPenney
Pillar of the Community
Canada
2929 Posts
Old Post Posted 09/29/2022  5:32 pm

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.
Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)
 


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