Not sure when Queen Elizabeth II is expected to step down, or when Charles, Prince of Wales, is expected to succeed to the throne, but I guess we're all expecting a new monarch design on Canadian coins at some point in the future.
The Queen has, in the past, indicated she will never willingly abdicate. As far as she is concerned, she swore an oath to serve until death, and she intends to fulfil that oath. Now, it may come to pass that she remains alive yet is physically incapable of fulfilling any royal duties. In such circumstances, the Regency Act of 1937 allows for a declaration to be made of the monarch's incapacity to rule, allowing Charles to take over as Prince Regent until her actual passing away. The Queen is monarch of fifteen commonwealth realms (including Canada) as well as Great Britain; this announcement has to be communicated to the governments of all the realms. Otherwise we might get the awkward situation of the Queen still being queen of Canada, whereas she had been dethroned in Britain.
It is not yet certain what reign-name Prince Charles will assume if/when he becomes King; it doesn't have to be "King Charles III". His full name is "Charles Philip Arthur George" and in theory he could pick any one of those names to be known by, or even choose a completely different name. He has in the past commented that he might like to be called "King George VII" in honour of his grandfather, but we won't know for sure until he actually assumes the throne.
This ambiguity about his name may act as a kind of break on the production of large quantities of commemorative items. Nobody wants to be stuck with a large quantity of goods all bearing the incorrect name.
My question is this: What will be some of the most collectible or most valuable things to collect when this new monarch design is released? I'm assuming the Canadian Mint
will put out a bunch of commemorative coins, but what are coin collectors going to try to get their hands on as soon as this new monarch comes out? Mint coin rolls? I'm very curious as I'd like to get in on the action early.
While I have no crystal ball, I would make this observation about current coin mintage trends.
Mints these days, especially the mass-marketing-for-collectors mints Like RCM
, Perth Mint
etc, tend to make coins well in advance of the event they are purporting to commemorate. I don't know what it's like with the RCM
, but the two mints here in Australia (RAM and Perth) started making 2020-dated coins back in July 2019.
If the Queen happens to pass away in the early part of a calendar year, that's not a major problem. But if the Queen passes away towards the end of a calendar year, then there will be a considerable number of commemorative coins produced, and sold, bearing the "wrong monarch" for the year. I strongly suspect that those items with the "wrong monarch" on them, appearing to be struck in the name of a deceased monarch, will be very popular with future collectors.
As an example from the past: the coronation medals of Edward VIII. The medals were privately produced all over the British Empire in 1936 in anticipation of a planned coronation in early 1937, but that coronation never actually happened, as Edward VIII abdicated in late 1936 before he was crowned. Those "wrong king" medals are now worth considerably more than the "correct king" medals for the coronation of George VI that were subsequently produced.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis