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Replies: 16 / Views: 2,537 |
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Pillar of the Community
Canada
1700 Posts |
Poll Question
Poll: First of all, please vote for your most used way of getting special coin rolls. (Parks Canada, War of 1812, Lucky Loonie, Grey Cup, etc.) Please List if you have more than one.
Topic: After you get the rolls, what would you usually do with it? If you just put it in your storage, the rolls would not even have cash value. This is a waste of space and cash. Would you sell them as a roll or as single ones? Please share opinions.
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Pillar of the Community
Canada
1354 Posts |
I have issues trying to find new rolls. I have received some from credit unions and cibc. I bought rolls of Olympic ones from petro Canada and some from Canada post. I have rolls from 1999 and up. I do intend on looking through them for errors and then either keeping in rolls or selling as singles. I have all denominations cdn and US presidential rolls as well
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Pillar of the Community
 Canada
1700 Posts |
CIBC? The CIBCs in Greater Vancouver don't provide any chance for buying those. How Petro Canada? Do you usually order them?
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Pillar of the Community
Canada
535 Posts |
I am confused. How does saving any roll of coins have no cash value and be a waste of space and cash. I have been saving rolls since the 60's. They do not take up that much space and if I wanted cash for them all I need to do is walk into any bank and exchange them.
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Pillar of the Community
Canada
1354 Posts |
I received 2012 pennies from cibc only, all others from credit union. I'm in a small Alberta town. The petro was the distributor of the Olympic circulation coins. I received rolls from there And the post office did the 2010 poppy and cfl loonie
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Pillar of the Community
 Canada
1700 Posts |
Post Office: Grey Cup You can't use these coin rolls if you want to save them. Say you have 1000$ in coin rolls, you don't spend them, and 30 years later, if there's an ecomic problem, you will have problems selling them.
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Pillar of the Community
Canada
1354 Posts |
Timnic44 I think he meant that the rolls are tied up in your collection and it's money you don't have for other things. I'm guessing he is wanting the rolls for selling and not saving.
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Pillar of the Community
 Canada
1700 Posts |
Quote: I'm guessing he is wanting the rolls for selling and not saving. I am very sorry for this extreme confusion. For example, I have three rolls of grey cup in my collection, and I can get more. Do you think that after perhaps two months, I should sell one of them to get money for other things or other rolls? There are two great times for selling rolls. First, when they aren't yet really released into circulation and the general public doesn't know about them. Second, after several months.
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Pillar of the Community
Canada
1354 Posts |
Petersun I have never sold anything so my advice may not be the best. I'd say; 1. If you have a chance to get more rolls get them now because they won't last long. 2. Put them on ebay for the minimum amount you want. If they sell great. If not the bank will always take them for what you paid.
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Pillar of the Community
Canada
1354 Posts |
Also try selling a roll and try selling singles in 2X2 flips and see what sells better.
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Moderator
 Canada
10458 Posts |
What you are describing, is not coin collecting, in my opinion. History can teach you a lesson, when it comes to commemorative coins... everyone hoards them, and in time, they become the most affordable coins on the market, from a collector's perspective (e.g., 1939 dollar, 1944-45 Victory 5-cents, 1967 coins....). If these coins were available at almost every post office around the country, how many rolls will be stashed away?
How many of the normal 2012 (nickel-bronze) Loon rolls did you stash away? Those might have been a better choice.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
 Canada
1700 Posts |
All right, I will hold on to them for several decades and maybe pass them on. I have not sold anything to anyone yet.
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Pillar of the Community
Canada
3690 Posts |
Quote: How many of the normal 2012 (nickel-bronze) Loon rolls did you stash away? Those might have been a better choice. Excellent advice. If you want to build a valuable collection, collect what everyone else is not collecting. Most of the relatively high mintage coins issued by the RCM or Canada Post at face value in uncirculated condition (poppy quarters, Navy loons, grey cup loons, lucky loons, Shannon toons etc. etc.) will be available in great numbers well after we are all gone.
Edited by CC-Ottawa 09/01/2012 9:30 pm
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Pillar of the Community
 Canada
1700 Posts |
There is an evident question about the old design loonies/toonies and the new designs. I am sure that the mint had already begun designing the new security features before the Parks Canada, Navy, and even the earlier Olympic designs. This means, the older loonies are still meant to be in circulation for a good period of time. (If not, the mint would not release so many types of special coin designs. They would at least mint them only for proof sets and not a great deal of them for circulation. Coins like War of 1812 or Navy Centennial are great materials for education on patriotism whereas other designs such as Parks Canada and Grey Cup were, in my opinion, for advertisement and business reasons. This is another reason that makes melting those old coins difficult) Therefore, I estimate that the mint will not melt the old design in the coming half a decade. Here's my question: in your opinion, do you guys think that the mint would schedule a "mass melting"? If so, after how many years would be appropriate for this situation? I have no idea about how things like melting have happened in Canada and even other countries. I can't comment on this. Another key point for me: The mint has not made a detailed report on the cost of the new coins. If the new coins are less expensive than the older ones, and if the older ones' metal composition can be melted into metals that could be used on other denominations, I would be sure that the older ones will be melted when the price of metals rise higher and could cover up the price of refinery and melting, etc. Thank you.
Edited by Petersun 09/02/2012 4:57 pm
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Pillar of the Community
Canada
5324 Posts |
the RCM would have to recover the old design toonies and loonies simply due to the fact they are larger in both weight and size. the vending and other industry has to recalibrate their equipment.
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Pillar of the Community
 Canada
1700 Posts |
This is my point made. If RCM wants to melt these old coins for their melt prices, old special designs rolls will still be somewhat valuable.
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Replies: 16 / Views: 2,537 |