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A Quick Comparison: 1970 Vs. 2020

 
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 Posted 10/31/2020  6:43 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message
As 2020 draws ever closer to its conclusion, I thought it might be interesting to turn back the clock 50 years and have a look at what the Royal Canadian Mint ( RCM) was up to back in 1970 in terms of numismatic/collector coins (vs. circulation coins).

There weren't many coins released specifically for collectors in 1970. Those that were released were collector versions of the coins in circulation (i.e., NIFC coins, not-intended-for-circulation coins). In fact, it would be fair to say that the RCM did not release any non-circulating legal tender (NCLT) coins in 1970, just NIFC pieces.

The collector coins released were:

1. Nickel Dollar, Manitoba Centennial in a clamshell case, BU finish, $2.00 issue price



2. Nickel Proof-Like Set in plio-film sleeve and paper envelope, Proof-like finish, $4.00 issue price (included the Manitoba dollar coin)

3. Six-Coin Nickel Specimen Set in a long, narrow clamshell case, Specimen finish, $13 issue price (a very limited run of sets was produced as part of a market feasibility test by the RCM and to provide PM Trudeau with a gift to give out during his 1970 trip to China; Charlton states that fewer than 1,000 sets were produced. I don't consider this set a "standard" release for the year, but have included it here for completeness as it was available, at least in a limited fashion, for sale to collectors in 1970.)

That's it - no proof dollars or sets (the RCM didn't have the needed equipment yet), no silver coins, no gold coins, no platinum coins, no bedazzled coins of any kind, nothing but a trio of NIFC coins/sets of Canada's base metal circulation coins. It was certainly easier to keep track of the new releases in 1970 vs. today! (Not that I was a customer in 1970!)

I'm glad the RCM moved beyond three collector issues in a year and expanded its range for collectors. The expansion has definitely brought many more collectors into the fold. My beloved 36 mm silver dollar series, for example, was one of the expansions; it launched in 1971! That said, I'm also glad that the RCM has stayed true to its 2019 announcements and reduced the number of new coins it released in 2020. I hope the RCM continues to limit its releases in the years to come - I don't believe we need to return to the average of one new coin release per day that we had just a few years ago.

Your thoughts?

If you'd like to learn more about a special version on the 1970 Manitoba dollar the RCM created for Expo '70, have a look at my previous post here: Manitoba Dollar Expo'70 Edition.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 11/01/2020  12:57 am  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
Thank you for that brief return to the past, when life was so much calmer (to me at least). As for the expansion of releases from the RCM, I'm really not sure how I feel. Although I do really like some of the things that pop out throughout each year, I am sometimes overwhelmed (especially when it comes to financing).

I do have item #1 and item #2 of that 1970 list. I do not have item #3, but it has been written on my want-list for many years now, and I have empty 2x2's labeled for all six of those coins in my specimen binders, waiting to be filled.
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 Posted 11/01/2020  12:08 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Thank you, Commems, for brief comparison.

This was the another side of amount of releases per year.

2020 wasn't bad from this point of view, it still better to decrease.
I like RAM from this perspective, not sure, if they have monthly or bi-monthly release, but it usually up 10 items each time.
Btw, their approach in design of 2021 "Baby" set is very creative.

Another thing that surprised me in your topic - the commemorative RCM coin priced CAD 2.00 ? And it was available from RCM, without paying 5x price from resellers?
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 Posted 11/01/2020  5:55 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Another thing that surprised me in your topic - the commemorative RCM coin priced CAD 2.00 ? And it was available from RCM, without paying 5x price from resellers?

It was definitely a different time!

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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