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 Replies: 22 / Views: 3,090 |
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Valued Member
Canada
386 Posts |
For the past few years, the RCM has been promoting several sports franchises on Canadian circulation coins; for example Montreal Canadiens Centennial on the 2009 loonie and Saskatchewan Roughriders Centennial on 2010 loonie. Is this a good use of taxpayer money, giving free advertising to for-profit enterprises as opposed to the traditional commemorations like the 2005 Terry Fox loonie and the 1994 Remembrance loonie? Yes, hockey is a important part of Canadian culture, but I see a conflict of interest here. Edited by 1945V
09/03/2012 08:24 am
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Valued Member
Canada
186 Posts |
Good point, I wonder if they made a 20yr coin for the Jays first world series or a 50yr anniversary coin for the last Maple Leafs cup in 2017.
Do you think these organizations get a kickback for the coins ie like the hockey loonies like my logo or the CFL ones this year?
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Pillar of the Community
Canada
5324 Posts |
the RCM should only honor iconic national events and persons,along with our monarch on our currency. |
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Valued Member
Canada
220 Posts |
I agree with john100. Do any serious numismatists actually collect all the frivolous "commemoratives" issued by the RCM? |
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Pillar of the Community
Canada
2781 Posts |
I'm not a habs fan (go canucks) but every canadian "owns" a piece of that franchise in their heart and soul. I guess my opinon might be skewed being a hockey fan.
i have little to no problem putting it on a coin. it promotes canada more than it promotes the commercial venture. I dont look at it as free advertising for the team, I look at it as advertising for the longevity of canadian tradition, or the celebration of a single event.
terry fox... 100% no issue - I don't think of him as 'private enterprise'. we should all aspire to show 10% of the courage and selflessness that he did. if we all did a fraction of what he (and others like him) did the world would be a better place. nothing wrong with a permanent reminder of that circulating in the hands of the people. I mean really, he's done more for canada than the queen.
are the commemeratives getting out of hand? yes, but to answer your question directly i'de say that those examples are acceptable.
as long as the colorized kiddie stuff stays out of circulation then the market will decide if they are acceptable , or not.
Edited by Wade
09/03/2012 10:13 am
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Pillar of the Community
Canada
3167 Posts |
Nope, I my opinion, its not worth the money. (ie. the $25.95 sets they just released...)
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Pillar of the Community
Canada
3690 Posts |
Quote: Do any serious numismatists actually collect all the frivolous "commemoratives" issued by the RCM? Yes, we do. Personally, I like NCLT and most of the innovative/creative designs, enhancements and commemoratives. What I don't understand are errors coins. I mean I really like my sports car, but maybe not so much if the hood was off centre or it was missing a wheel.  I know lots of people revel in error coins, others like commenoratives, and some weirdos  even like both. To each his own but neither is more valid than the other. |
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Pillar of the Community
Canada
3167 Posts |
Quote:
I mean I really like my sports car, but maybe not so much if the hood was off centre or it was missing a wheel. Technically, your car needs those to function, unlike some error coins (but not all). Then again, some people like old cars that have been sitting in an empty field for 25 years that is misssing a wheel with an off center hood... Anyway, I understand what you mean. |
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Valued Member
291 Posts |
Quote: Do any serious numismatists actually collect all the frivolous "commemoratives" issued by the RCM? I don't collect 'em all but occasionally there are some that interest me. Normally I'll buy them on the secondary market, where the price is usually less than the RCM. |
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Pillar of the Community
Canada
3690 Posts |
Quote:
Do you think these organizations get a kickback for the coins ie like the hockey loonies like my logo or the CFL ones this year? Interesting question. In the 2009 annual report, the RCM had intangibles on their balance sheet at a cost of $15M. For FY2009, they recorded $5.9M in amortization expense relating to these intangibles. From the F/S notes : "Intangibles consist solely of rights to use certain trademarks and logos associated with a particular contract." So, the answer to your questions is, yes. Organizations are paid for the use of their trademarks and logos. |
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Pillar of the Community
 United States
2448 Posts |
I have to agree with those that enjoy and collect these types of NCLTs. I also get them, what few there are, off the secondary market. If I remember correctly, the RCM is one of the few mints that actually makes a profit. If that money goes back into your general fund or to make more coins (even better) why would one care if a trademark holder is compensated? The only real downside would be that the RCM would be stifling the growth or destroying their private industry competitors. I'm sure many a private coin or token minting company have approached sports franchises for the right to produce memorabilia. I doubt any private company can compete with the expertise and ability of the RCM.  |
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Pillar of the Community
Canada
5324 Posts |
cc ottawa, if you found the vin dash for a 001 shelby 1966 mustang it would probably sell for 200000 dollar without the rest of the car. kind of like a real cool error coin or 1911 dollar
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Pillar of the Community
Canada
3690 Posts |
Not exactly. If is was a 1966 mustang with a dash that had the speedometer installed in the middle by factory, then is would be a really cool error.  But I still wouldn't actively collect it. Not my thing though those '60s and '70s Mustangs were cool. All I was trying to say was that those who collect commemoratives are every bit "serious numismatists" as those who collect errors, or circulation or toned or notes or any other type of currency. Edited by CC-Ottawa
09/03/2012 11:50 am
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Pillar of the Community
Canada
9864 Posts |
Is HB on the Voyageur dollar's bundle a promotion for the Hudson's Bay Company?
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
3692 Posts |
= For the same reason that Quebec politicians are threatening to close a deal for a new hockey arena and franchise in that province just to get votes. It's Canada, deal with it, eh! By the way, hockey players make way too much money and don't do it for the love of the game, IMHO. It's a hockey hostage situation.
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Pillar of the Community
Canada
1700 Posts |
https://goccf.com/t/128283As I mentionned in this post, the coins such as War of 1812 and Navy Centenial are not only for advertisement but also for patriotism education. It gives younger people interest on these topics and spending your money on educating young people is not a bad idea. Coins like Parks Canada or even Grey Cup should have been paid by individual agencies. You should not worry about your money paid as tax. Plus, if you augment the value of these rolls and sell perhaps 2 of them, your money, if you really do worry about your paid tax. Not all your paid proceeds to minting. Maybe even less than 0.1% proceeds there. There are far more important things that the government uses the taxes for.
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Replies: 22 / Views: 3,090 |
Posted 09/03/2012 09:47 am
