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 Replies: 24 / Views: 4,477 |
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Pillar of the Community
Canada
617 Posts |
yup as KenRingold says the $20.00 silver coin is a great deal. $20.00 for $20.00 you cant beat that.
also: check out the post office, they discount coins 2years old and older. Some over looked coins are the colourized coins in the birthday wedding etc. sets.
the Thankyou 25cent is a nice little coin that you can pick up for $4.98 right now. And it will probably be cheaper later on in the year.
I only mention these because it sounded like what you were looking for.
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New Member
 Canada
21 Posts |
Thanks for the tips, the bullion coins may be something i'd be interested in. It seems like its harder to find the bullion types that don't have a large markup, but thats understandable I guess. I purchased that 20$ coin on the first day that I started looking at RCM a couple days ago! It's exactly what I like... I went to a local coin store today and picked out a maple leaf silver coin but it seems like now that I have it at home it looks a little funny. There seems to be this moisturish mark on the lower bottom of the coin. Is that normal? This was from an authorized RCM dealer...Does anyone remember how much RCM were selling these for before? This was 43$ at the store. Just curious about what it initially sold for. Here are the pics: http://www.goutnation.com/wp-conten...oins-003.jpghttp://www.goutnation.com/wp-conten...oins-002.jpghttp://www.goutnation.com/wp-conten...oins-001.jpghope I didn't get jipped on my first purchase...the really newbie thing was...i didn't really have a good look at the coin before I bought it. I saw it in the case, and I picked it out and he went over to the cash register to do something while I went to look at other stuff. He seemed like a nice guy. I stopped by the |
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New Member
Canada
21 Posts |
Edited by Efstuck
02/08/2011 11:34 pm
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Valued Member
Canada
274 Posts |
Hi !
I have a question, for wich reason you tell that the silver 20$ are I great buy ?
It contain for under 10$ of silver at the moment. IN silver I don't think that the value go over 20$ a day...
The face value is 20$ and you pay them 20$ but how about to make money with them ?
It's minted at 200 000 I don't think that all will sell soon...
Thanks !
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Pillar of the Community
Canada
1554 Posts |
 Hello Newbie and nice to have ya on board! The TWO best pieces of advice I can give ya is WAIT 2-3 years after the release of R.C.M. products before buying, you'll save 50-70 % off the original price. And once the novelty of R.C.M. products wears off and you decide to collect real coins (business strikes) stick to the years 1858-1967 and go after the KEY dates first in grades above AU-50. Those are primarily all 6 decimals Pre-1937 and a few odd pieces Post 1937. (eg.1947 dot nickel) Also don't worry about completing the six business strike series (1858-1967), trust me, it's a life time phenomena.  Glenn |
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Valued Member
Canada
94 Posts |
Quote:
Hello Newbie and nice to have ya on board! The TWO best pieces of advice I can give ya is WAIT 2-3 years after the release of R.C.M. products before buying, you'll save 50-70 % off the original price. I think this may have been implied but I just want to confirm. Bullion coins do not fall under this rule of thumb, correct? Due to the volatility of silver and gold the price of Silver maples (as an example) could either plummet or skyrocket within a few years depending on the price of silver. Just asking cause the 1oz Grizzly coin might be my next RCM purchase. :) |
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New Member
Canada
21 Posts |
Thanks guys, I actually stopped by the store yesterday and bought an album to put all my old coins in numatically(?) like ...by dates heh. It's actually more interesting than I thought. I like seeing the queen 'grow up' and also I see I have a lot of 1968 coins for some reason out of my stash. I have a really good relationship with my commercial bank teller so I told her to save me the fresh from the mint rolls when she gets them! I also stopped by the store to look generally at coins and the older coins are really expensive to collect for each...like I see nickels in the 1920s going for 100-150$... Is there a better way to collect than buying them...I will do a lot of roll/change searching when I have some spare time at work... Thanks for all the advice guys. I went to official RCM store and was less enthused than when I initially saw everything online. And I was more enthused by my sorting by dates album that I did...so yeah..! |
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Valued Member
Canada
94 Posts |
Efstuck, I'm new to this too so let me tell you what is really helping me understand a few things about coins. 2011 Charlton Catalogue of Canadian Coins 65th edition (Volume 1)  This one is great for basics about grading and information about composition/mintage on all Canadian coins. There's a price guide there too but the prices are for coins that have been through Third Party Grading services (at least that's what the book claims) Canadian Standard Grading Guide - revised edition  This one goes into deeper detail when it comes to grading. It's helping me a lot even though I still feel too inexperienced with grading. 2011 Charlton Catalogue of Canadian Coins Volume 2 - Collector Issue 2nd Edition  I don't have this one but it might be of interest to you since you want to collect NCLT. It's basically just like the first book I linked you to only it deals with coins that are not in circulation. These books are really easy to find. Chapters and indigo both carry them in stock in my town. so do a lot of coin dealers and if you're shopping online there's always a place like Colonial Acres. Last but not least. If you want to subscribe to CCN (Canadian Coin News) they have lots of cool articles about coins and a list of trends as well. http://www.canadiancoinnews.ca/I look forward to learning more and more about this extensive and sometimes complicated hobby with you. One day we might be as knowledgeable as the fine folks here who answer all our questions.  |
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Valued Member
Canada
268 Posts |
Only collect what you can afford. I collect everything from Roman Imperial to Canadian to US to UK to Medieval to classical. All on a budget. My rule of thumb ... only pay what you think you could flip for tomorrow. Stay away from the credit cards unles you pay them off every month. Most of all ... enjoy!
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Valued Member
423 Posts |
Those are good books that nickelhalfdime mentioned. Go to your library and check them out. There are lots of other good books as well at the library (some can even be requested if not at your local branch).
Edited by realpenny
02/13/2011 01:32 am
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New Member
Canada
21 Posts |
Thanks for the suggestions, I have borrowed some books including the charleton guide and it's been a good reference.
I think I will stick to just putting together what I can find at work and not pay for the mint stuff. The novelty is already wearing off! I have enjoyed putting together coins by dates so far.
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Pillar of the Community
Canada
1248 Posts |
There is absolutely NO way that this 420 silver coin is going to make any money at all.
The mint is in it for PROFIT. Yves is right and glenzy is right.
unless silver triples in value, there is NO investment here. for the 60 dollars for 3 ( plus expenses), buy yourself 2 .999 wafers of silver.. you will do a lot better... much better
Yea. it is "20 dollars" BUT try and get 20 dollars back for it. You can not pay with it as NO casier is going to know what it is. they might even call police if you try to use it.
It is simply another rip=off the Canadian mint is dishing up... like so often.
Unless you simply like the looks of it... stay away!
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Pillar of the Community
 Canada
9865 Posts |
Why does a coin have to be an investment? Find something that appeals to you and go for it.As with any purchase do careful research to make sure you don't overpay.If you're dilligent and patient enough, you can often find what you want for a bargain price, and that's a big part of the satisfaction you'll find in this hobby.It takes a great deal of knowledge and deep pockets to make real money in this hobby,if you don't have these two things going for you put your investment money elsewhere.If you want a hobby that's satisfying and enjoyable get the books, start your research,and check in to forums such as this.
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Valued Member
423 Posts |
hhbkiddo: lol... and if you use it you could also be tried for war crimes or at the very least you will spend a few weeks in jail until they figure out the coin is legal tender. lol... efstuck: Stick to books for your information at first. It will give you a good base, then come to the forums. Check ebay prices before you buy. Do your homework. Investing in all coins carries risk. Do you know if the next generation of coin collectors is growing or shrinking? There is so many variables. Pull circulated change for now and have fun for a while learning... it is only costing you face that way and if it isn't for you then spend it. |
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Valued Member
Canada
274 Posts |
Hi !
Personally I don't collect for investment but I don't want to pay a coin by example 20$ if I'm pretty sure that I can not resell it more that 5$...
If I have to put 200$ in a coin I prefer to buy a nice key date, I'm sure that the value can increase or at least keep the same value.
For me, the value of the coin of the Mint is the face value or the value of the Gold, silver etc.. not more.
Thanks !
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Replies: 24 / Views: 4,477 |
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Posted 02/08/2011 10:56 pm
