Is It Worth Buying RCM Sets?

I know a guy who gets an uncirculated set every year that way he is able to put away one of each coin in ms condition.
If you were to get a holiday set or an Oh Canada set each year you would have sample of each coin and one would be colourized which seem to go up in value.

All it takes is one simple coin as a gift to start a life-long hobby sometimes, regardless the value... That's how I got started in this wonderful hobby, so I love your idea...

Mint issued sets are good for their intended purpose, to provide a convenient and attractive way to get all the coins from a given year in bran new condition.

Because of speculative buying starting around 1960, most sets fail miserably as investments, unless the gold or silver coins in them rose in value for their scrap value.

Using a non-silver US proof set as an example (simply because I'm more familiar with them, and info is more available), the 1971s proof set sold for $5 new. Forty years later, retail value is $8, an increase of about 1.1%, compounded, before taking out a dealer's markup.

The 1974pds mint set contains $3.83 face value, and retails for $9, a blazing 2.2% return! Keep in mind, this $9 figure includes you doing the dealer's job of finding a buyer.

Wow that is one cool owl! It's stunning.

Thanks for sharing that.

I noticed the sets can be inexpensive. My son bought a 1987 specimen set at a flea market for five dollars.

I guess these are great starts as he learns to be more careful with his coins and gives him experience in finding information and grading.

Mostly we are collecting Canadian coins because he can search his change and it is accessible to us. We did get an American presidents dollar as change at a store, they thought it was a loon! They wanted to give us a loon but my son politely asked if he could keep it. Our first US gold color dollar.

One time for X-mas an uncle gave me an "Onza" (ounce) of silver. I asked him what it was worth and he said it's worth an ounce of silver. I was totally confused, but I got it straight later on. He gave one to practically all the cousins.

Don't give a kid bullion. That's a bad idea. You don't want to give the kid an early heart attack watching the tickers. There are plenty of banknotes that are cool to collect also, remember that. When I was first starting out I collecting War Nickels (WWII) because I found them odd and yet historically unique. Most boys like war stuff - there's an idea. Also, don't give him keydates. That's one way to lose history to a bag of chips. I think you should get a book so he can actively hunt for coins he likes.

The wife buys an uncirculated mint set for her nephews and nieces and great-nephews and nieces from the time they are born until they are ten years old for their birthdays. Then it stops. If they are going to get into coin collecting, then the bug will have been planted by then. Or it may come back to them later in life. It is a present that will eventually increase in value. Maybe not in my lifetime, but maybe in theirs.

LOL... it was easy for me because the answer was "why the basement of course".

Banks will do boxes of coins if they have them to spare. Most of the time they do and rolls hunters here on the forumn are in abundance. Ask for a box of pennies or nickels etc and they usually have them.