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Replies: 25 / Views: 6,566 |
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Pillar of the Community
Canada
4227 Posts |
For me the mass marketing approach has turned me off the mint products I used to collect. For many years I looked forward to a proof-like set and a double dollar set. Then as things just became overwhelming, I didn't even have an interest in those. I've sold most and the rest will be gone soon.
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Valued Member
United States
64 Posts |
I don't think there are too many commemorative Canadian coins for the same reason I don't believe there are too many different t-shirts at the store when want to buy one. I like the variety and the wide range of topics covered. I often find it hard to resist buying them, but once again, it's nice to have a choice.
On the other hand, it probably makes owning one less special than it once was (when there were only 2 or 3 commemorative coins issued in a year).
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Pillar of the Community
Canada
965 Posts |
This is one reason I only collect circulating issues. Gotta draw the line somewhere, and this is pretty broad as it is.
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Pillar of the Community
Canada
1082 Posts |
The Mint has suddenly discovered what a cash cow striking commemoratives (no matter how dubious) can be.
It was all well and good when the commemoratives were regular coins (see the dollars for '35, '49, '58, '64, etc.), but all of this started with the '67 Gold $20 piece. Then they went on to the '76 Olympic series, which was a fiasco, and one would think they would have learned from that.
I don't mind it when we get a commemorative buisiness strike; that's fine. Such coins are used to raise awareness of something among the general public, and that works. I honestly don't mind all the new quarters coming out that aren't caribous. They're made to circulate.
And I can understand the commemorative silver dollar every year in the proof set because of past tradition. But that's where I draw the line.
Strange denominations and paint and holograms just don't do it for me, because these are never meant to circulate, and because of that, they're not really coins at all -- they're just bullion with pretty pictures, and as such, they're speculation material, more than anything else.
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Pillar of the Community
Canada
4227 Posts |
Quote: they're just bullion with pretty pictures, and as such, they're speculation material, more than anything else. That's exactly right. It's deceiving ... many people actually believe that a coin with a 20 dollar value on it can actually be spent in a store or deposited in a bank (not that anyone would do this), but it's just more evidence that they aren't really coins. They are pretty. No question. So, I'm really mean no disrespect to those that collect them. They're just not for me.
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Pillar of the Community
Canada
636 Posts |
Your darn tootin, bullion with pretty pictures. I'll buy the yearly commerative silver dollar (tho sometimes they seem to sneak in a 2nd or a 3rd). This material with the holograms, the Swavorski Crystal etc doesn't interest me in the least to collect. I think some of it has great artistic value, but because of a pre-set limited budget, it has never been allocated for my collections. I'll buy some commerative sets if its packaged nice, in the wooden box. I think one of my fav being the 90th RCM Anniversary commerative sets from 1998, in both the matte finish and proof. My biggest RCM purchase mistake?...I bought a guitar pick! YIKES! I dunno, I had a gut instinct (that obviously was wrong), that this unique shaped coin was a 1st, so it may go up in value. I think the mint is still selling them. I embarassed to even take it out of the box. On the (ironically), other side of the coin, I do appreciate the commerative circulated quarters that appear, and do respect the integrity of what they are commerating. (ie, poppy quarters, pink ribbon, veterans).
Edited by Dollar1948 01/28/2009 4:19 pm
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Pillar of the Community
United States
5318 Posts |
Quote:My biggest RCM purchase mistake?...I bought a guitar pick! YIKES! For as much as I've joked about that, I actually think that's a fun one!  Imo, it's one of the more outlandish coins ever made, due to shape, subject matter, and use of color. It certainly must be the only commem where a milk bottle is so prominently displayed.
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Pillar of the Community
Canada
4227 Posts |
Quote: other side of the coin, I do appreciate the commerative circulated quarters that appear, and do respect the integrity of what they are commerating. (ie, poppy quarters, pink ribbon, veterans)  These are relavent and they attract new collectors to the hobby. This is the best thing the mint has done.
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Pillar of the Community
Canada
1931 Posts |
I guess I am one of the few that doesn't think so. lol I do think some are just plain ugly or stupid. but 90% I love and only wish I could buy. That is my only complaint. that there are so many I could never afford them all. Maybe they are just trying a something for everyones taste approach. I like the newness of checking out newer designs and techniques but I also love the older more classic coins too. I just love coins. lol
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Pillar of the Community
Canada
598 Posts |
I don't collect most of the stuff, but if I take to some design I will get it. This happens rarely... mostly native style art. I've commented on this same topic in other threads, but since I admit to not really watching this part of the market, my opinion is somewhat, hmm, empty  . But, I've heard others being put off by it, few have commented positively, and here I see a similar response to the plethora of RCM stuff. But, I must ask... Quote: I do think some are just plain ugly or stupid malissadawn What examples? Yourself being a positive respondant... My curiosity is peaked at what a decent RCM collector would find as quoted above. Perhaps this would be another topic... Post Lamest RCM Coin Pictures Here!
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Pillar of the Community
Canada
1931 Posts |
Quote:But, I must ask... Quote: I do think some are just plain ugly or stupid malissadawn What examples? Yourself being a positive respondant... My curiosity is peaked at what a decent RCM collector would find as quoted above. I have to be honest here and admit that I can't even pinpoint what examples came to mind when writing my post. I just know that every once in a while when I either check out the mint site, or see whats on display at the coin counter at the post office... sometimes the thought just crosses my mind that something is ridiculous or seems to be a commemorative of something that doesn't deserve commemorating. Sometimes they take the colored coins too far and they become clownish in coloring. I think that although most of the quarter designs they have come out with are pretty nice, they are coming out too often to even be appreciated a lot of the time.(did we really need a quarter for every month of the year to commemorate the months of the year?) People don't even notice anymore. You get change from the store and most people dont even look or worse it does seem to be that for the collectors in canada you can't spend your change period because it's all collectible. lol I do believe that war commemoratives are a fantastic idea as our war veterans greatly deserve our appreciation but sometimes wonder if maybe the cost of making and distributing those commemoratives might be better served going into veterans benefits instead of RCM pockets. the christmas coins with santa or christmas trees seem silly to me although I have bought them as gifts and I'm sure some people like them. and a few years back they were selling the breast cancer quarters encased in a little bubble inside a book mark. That struck me as odd since if you really wanted to collect and CARE for your coins the last thing you'd want to do is carry it around everywhere and handle it repeatedly whenever you get the urge to read. Anyway, that's enough of my massive response. lol I love modern coinage ideas and feel that they do catch the eye of non collectors from time to time and draw them into a fantastic hobby so in the end I do still believe that having the ability to have something that would appeal to anyone who happened into their site is probably a good plan both in catching new collectors and for making money. Down side? They charge wayyyyyy to much. The above mentioned bookmark with a QUARTER inside? $15.00! here's a few that I can post that just arent necessary or attractive to me as a collector. others may disagree http://www.mint.ca/store/coin/30-st...Id=cat200010http://www.mint.ca/store/buy/unique...ns-cat210004http://www.mint.ca/store/coin/25cen...Id=cat200032
Edited by malissadawn 01/28/2009 11:35 pm
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Valued Member
Canada
480 Posts |
To play devil's advocate a minute- The mint is in the business of making money. They do that by charging a premium above the cost of the metals, overhead, packaging, etc. If they can make a big profit on what they are selling, they will do so, whether it is circulation coins for Canada, collectors issues, bullion-related items, medals, medallions, plaques, or foreign coins. Their primary mission is to make money. Satisfying the collector is a small part of their business, otherwise they would be more responsive to questions, ideas, and requests.
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Pillar of the Community
Germany
1064 Posts |
The mint is about making money, but at what point do they destroy the coin collecting market? I collect circulating coins, and I am not really sure what are and what are not circulating coins now. Before you knew that anything under this denomniation was circulating, and anything over was not. Now who knows? There are dollar coins that may be circulating and maybe not. You have to decide whether to buy them to fill your collection or dismiss them because they are not what you want. Elsewhere it is much easier, and a lot less demoralising. Though I got annoyed when the UK did not produce £1 coins for two years in a row for circulation, as there is a gap that has been filled with fake pound coins. One series of quarters is fun, I was travelling through canada in 2001 and I got a few of the quarters on offer, and it was nice, but there being millions of different types is annoying.
Maybe it is a case though that if people boycott the stupid coins then the mint won't produce them. But then the coin collecters union is probably not going to go on strike over this.
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Valued Member
Canada
386 Posts |
I think they have gone out of control. Compare the 2009 Haxby/Wiley and the 1979 Charlton catalogs. 1) 1979 Charlton: 270 pages with only 3-4 pages of collector special coins (i.e. 1976 Olympic coins and post-1968 collector silver dollars) 2) 2009 Haxby: 340 pages with 140 pages of collector special coins. I don't waste time or money on these revenue generating RCM products. Most of them lose value after 5 years with the exception of the gold maple leafs. I will stick to business strikes.
Edited by 1945V 03/29/2009 08:43 am
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Pillar of the Community
Canada
4227 Posts |
Unfortunately, in the last 10 years or so the RCM has gone from a respected institution to a money making machine, pumping out anything and everything in the name of profit, which has deminished the numismatic hobby instead of aiding it. They are now more akin to the Franklin Mint than anything else ... it's almost difficult to remember that they actually produce our circulating coinage. When I was editor for the Atlantic Provinces Numismatic Association's newsletter I took some heat over criticising the RCM and its practices (from the RCM, not the collectors) and that was a little under 10 years ago.
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