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 Replies: 37 / Views: 6,060 |
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Pillar of the Community
Canada
2124 Posts |
Poll Question
Do you think this coin is just nice for your collection or it could be a good investment in the long term?Pros: -The first bronze coin ever produced by the Royal Canadian Mint. -The coin showcases different finishes, each with a separate degree of lustre for a striking appearance. -It's a beautiful coin. -It's affordable. -It's a new annual offering. -"Limited" mintage of 15,000. Cons: -Very expensive compared to the real value of the bronze. -It's not even 1 oz. -In fact it's brass not bronze. -You have to pay taxes. These are the details: Price: $34.95 CAD plus taxes = $40.19 Mintage: 15,000 Composition: 95% copper, 5% zinc Finish: proof Weight (g) 19.2 Diameter (mm) 35.75 Certificate: serialized Face value: 3 dollars
Edited by arianzo
06/18/2013 1:58 pm
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Pillar of the Community
Mexico
1304 Posts |
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Pillar of the Community
Canada
6768 Posts |
I've put in the vote "for private collection" - this what I think,
but with important correction (this choice is missing in the vote pool) - not for mine collection.
I think that the coin done well, but I much much more like the silver one.
Have seen both in the PO, and IMO, both are nice, but the Silver one - that will be in my collection.
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Pillar of the Community
Canada
3167 Posts |
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Pillar of the Community
 Canada
2124 Posts |
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Pillar of the Community
Canada
981 Posts |
I don't want it it's worthless you won't be able to resell it
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Pillar of the Community
Canada
3690 Posts |
Can't vote because both A and D apply.
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Pillar of the Community
Canada
2124 Posts |
CC-Ottawa said: Can't vote because both A and D apply.
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Well, A is for people that don't care at all about the investment issue, about the price of the coin in the future. D is for people that made the maths even if you like the coin, so I think D is for you.
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Valued Member
Canada
90 Posts |
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Valued Member
Canada
475 Posts |
Yunbo is quite correct..............we used to call them one cent coins! This Allegory coin sure is pretty though. if you like miniature art this is it. I think they should make it in sandblasted copper proof, that would be a very neat looking item.
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Pillar of the Community
Canada
867 Posts |
Hi arianzo! Thanks for the poll. I can understand someone buying the coin because they like it. However I don't think this coin will have any upside as an investment. It's a brass coin with a large mintage. Anyone who wants it to complete the Allegory set ( a maximum of 2,000 in theory) will have no trouble finding one. Unless the price of brass skyrockets a hundred fold the coin will remain a curiosity at best. The likelihood of this happening is about as much as the RCM providing the tracking numbers with their shipping confirmation emails.  P.S. For those who can't figure it out, I voted for D.  |
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Pillar of the Community
Canada
2124 Posts |
yunbo Posted Today 1 Hr 35 Min ago It's NOT the first bronze coin ever produced by the Royal Canadian Mint ! ----------------- So, the RCM is lying because it's in the official coin description. |
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Valued Member
Canada
90 Posts |
arianzo Posted Today 29 Min ago So, the RCM is lying because it's in the official coin description. ------------ I'm not a troublemaker, so, no comments on RCM' coin description. Edited by yunbo
06/18/2013 2:20 pm
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Rest in Peace
Canada
1360 Posts |
Direct quote from mint.ca "First bronze coin ever produced by the Royal Canadian Mint!" So, if you doubt that... provide an example of another. |
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Pillar of the Community
Canada
1192 Posts |
99% of modern mint offerings should only be bought if you like the coin itself. Considering anything of theirs purchased as an investment is dubious at best.
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Pillar of the Community
Canada
3167 Posts |
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Replies: 37 / Views: 6,060 |
Posted 06/18/2013 11:14 am
