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 Replies: 15 / Views: 2,438 |
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New Member
Canada
5 Posts |
Hello everyone, I am new to the coin collecting world, learning from my Dad and online sources. I just found this message board today. I am starting out with some random stuff my Dad gave me, and looking for advice on where to buy the coins I'm interested in. I am starting out with loonies and toonies, and will try to acquire one from all years, including commemorative ones. Is it best to buy these on ebay as uncirculated, or find them at coin shows? Is ebay more expensive for coins? I have a few Canadian banknotes (some $1, $2, $5 ones), but not sure if I should bother starting to collect them. I also keep an eye out on the Canada Mint online store for anything that looks interesting, but have yet to purchase anything. Any advice on what a new collector should look into would be great. I'm also getting married next September, and would love to find a nice silver coin to give my fiance on our wedding day (something around $50 maybe?). I will want to wait until 2014 coins are out to make that purchase. Thanks for all the help, it's greatly appreciated. I'm in Toronto if anyone has location specific advice/recommendations. |
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Moderator
 United States
14463 Posts |
 other members will be along to talk about loonies and toonies. About a coin for your marriage: there are generic silver rounds that could be engraved to mark the occasion.  Here is one example of the type: http://www.apmex.com/product/74528/...-box-capsuleYou would probably want to wait until they have 2014 versions. |
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Valued Member
Canada
387 Posts |
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I also keep an eye out on the Canada Mint online store for anything that looks interesting Make sure to order the coins that are offered for coin exchange. The last one on arctic is now over but everytime a new circulation commemorative coin comes out they do it. The mint has been sending it out at face value with free postage. Quote:
I am starting out with loonies and toonies Do not get discouraged if you find that not as many collectors are interested in loonies and toonies compared to coins pre 1960. I am in the same boat and sometime it gets looniely  but keep plugging away because there are some real interesting things in there. Good luck |
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Pillar of the Community
Canada
5417 Posts |
to CCF! |
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Pillar of the Community
 Canada
617 Posts |
Firstly Regarding nicer looking loonies and toonies, if you don't mind non-circulation strikes, you may wish to consider buying them clipped out of mint sets (still in the pliofilm). Plenty on ebay at not a huge premium over face. |
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Pillar of the Community
Canada
6768 Posts |
to CCF ! Quote:
I'm also getting married next September, and would love to find a nice silver coin to give my fiance on our wedding day (something around $50 maybe?). I will want to wait until 2014 coins are out to make that purchase This more suit the NCLT coins. But.... as was advised earlier, the generic 1oz .999 Silver round with special engraving will more fit the occasion. Because for $50 or even $150 you will be able to buy "just a coin". Yes, it will be nice, but will it be special? No, no way. RCM these days produces too many nice fancy coins, and yours will be just one of them. And saying this, I love and collect NCLTs. You are in Toronto, right? Go to the Canadian Coins and Currency store (Richmond Hill, not too far) and you will be able to see a lot of the coins (circulation, NCLT, bullion...silver, gold, platinum) and understand more or less, what are the prices. |
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Bedrock of the Community
United Kingdom
17911 Posts |
Welcome to the CCF! Gift suggestion: The Royal Mint do a special version of their annual Uncirculated British year sets in a 'Wedding' package - I once gave one of these to a couple I knew who were getting married. I expect other world mints do the same. Edited by NumisRob
12/31/2013 05:51 am
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New Member
 Canada
5 Posts |
Thanks for the replies. I'll check out the store in Richmond Hilll and ebay. I may go to a coin show in January as well. I'll keep looking for uncirculated coins and good quality ones in my change. Some loonies go for $3-4 on ebay, where can I see what I should be paying for them? There's some commemorative coins I'm missing and want to pick up (Saskatchewan Roughriders loonie and Montreal canadiens one for example). Thanks! |
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Pillar of the Community
Canada
693 Posts |
Welcome fishy1! Quote:
I'm also getting married next September, and would love to find a nice silver coin to give my fiance on our wedding day (something around $50 maybe?). I will want to wait until 2014 coins are out to make that purchase. My wife gave me the Canadian 2007 proof Wedding set for our wedding in 2007. Good choice she's a keeper! (There is a low-mintage silver loonie in the set.) It might be hard to find many dealers with loonies and toonies. That makes it a nice challenge. An old adage in the hobby is "buy the book before the coin". The Charlton coin catalogs have great information and relatively accurate retail prices. Available at Amazon, Chapters, coin stores,etc. |
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Valued Member
Canada
158 Posts |
Welcome!!
I also recommend trying your hand at Coin Roll Hunting (CRH). There's even a whole forum dedicated to this activity, few threads for Canada though. You can go into any bank and pick up a few rolls or even a box at a time. You'll be surprised how many good condition pieces you'll find. If nothing else, they can make good place-holders at face value until you can find or purchase higher grade coins. There is some etiquette in bringing the stuff you don't want back to the bank, but the easiest way is if you're a TD Canada Trust customer, you can use their "coinstar" machines for free and then you don't need to roll anything back up.
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Valued Member
Canada
158 Posts |
Roll hunting can be extremely fun and great to do especially if you have kids that do it. When the penny was pulled from circulation I went to the bank and ordered $5000.00 and brought it home. Now me and my daughter go through them and sort them by year and variety. Happy to say we have found a hobby we enjoy doing together, and make a few extra dollars selling the rolls on ebay that I turn into coins for my collection. The memories will last a lifetime |
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New Member
Canada
5 Posts |
dumb question, but if I get a roll of loonies for example, I'll have to make sure I don't just get a roll of 2013's correct?
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Pillar of the Community
Canada
849 Posts |
I had no interest in Loonies or Toonies when they first came out and saved none of them even though I collected other coins. When visiting with my dad in early summer and talking coins (as he collects too) he said I should collect Loonies as I have most silver and nickel dollars from 1935-1986 - so why not continue? He gave me nine Loonies that were picked from change early in each of those years. It has taken me from then until this month to find/buy the missing ones. I'd go to the bank from time to time and pick up 8 rolls of Loonies and upgrade my coins or find years I was missing. I had to buy the "issued only in sets" years from ebay. Otherwise I did pretty well except I could not find a 2003 Crown for some reason and had to buy that on ebay too. I still prefer my pennies and nickels but it has been a fun project for little cost. All my coins bought were under $8 each including shipping and taxes. Edited by punman
12/31/2013 5:15 pm
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Pillar of the Community
Canada
1700 Posts |
Hello and welcome! A shop I know in Mississauga is Colonial Acres Coins. They have quite good clearout deals. If you go there from time to time, you can purchase online and pickup. I personally perfer seeing the coin (unless certified) before buying them. Especially when gift coins from the Royal Canadian Mint come in really bad capsules, shipping is damaging and expensive at the same time considering the rising mailing prices and the other underlying damages. Circulation coins, just like the loonies and toonies you talk about, are very good for starting. The color of these coins go away easily, so uncirculated ones would have good eye appeal after a few years. |
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Pillar of the Community
Canada
1700 Posts |
To answer your question about roll hunting loonies, hopefully this helps:
Rolls of full 2013 loonies/toonies come from the mint in either paper wraps, or more commonly, plastic wraps. These rolls have an immediate rise of $5-10 in value after purchase, as seen on the J&M website. I personally go to RBC for special commomorative rolls.
Also, you should ask your teller about old nickel/silver loonies.
Good Luck!
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Pillar of the Community
Canada
2781 Posts |
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2013... These rolls have an immediate rise of $5-10 in value after purchase, as seen on the J&M website. am I missing something? why would anyone pay a $5-$10 premium for rolls available at any bank? (if not now, then by waiting a few months) Edited by Wade
12/31/2013 11:27 pm
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Replies: 15 / Views: 2,438 |
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Posted 12/31/2013 01:13 am
