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 Replies: 34 / Views: 10,063 |
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Valued Member
Canada
372 Posts |
There are some very common low mintage Canadian coins, like 1970, or 1991 nickels,but what about other varieties?
for example here are some numbers, for Canadian nickels.
2000 105,868,000
2000P 4,899,000
2001 30,035,000
2001P 136,656,000
For sure the 2000P would be considered low but what about a 2001 no-p?
Yes, less than 20% of 2001 coins are no-p, but 30 million coins is hardly scarce. Would you keep them?
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Pillar of the Community
Canada
5417 Posts |
For modern coins. I wouldn't consider any of these low mintage. For older coins things are different.
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Pillar of the Community
 Canada
9862 Posts |
If we take varieties out of the mix, by date only, there are no post '67 Canadian circulation coins in less than mintstate grades that will ever increase in value.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
867 Posts |
under 100,000 as a starting point....under 1000 for any modern RCM offerings |
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Valued Member
United States
467 Posts |
For Canadian coins I start thinking about low mintage numbers around 50,000 or less.
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Pillar of the Community
Canada
1980 Posts |
i consider the newfoundland 1946 5 cent low mintage 2,041 (the next coin I plan on buying)
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Valued Member
 Canada
372 Posts |
Using 50,000 as a guide that pretty well rules out any circulation coins wouldn't it? That just leaves the grossly overpriced RCM special coins. I read an article where a guy tried to spend some $20 for $20 coins in an emergency, and was refused. |
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Valued Member
Canada
372 Posts |
I guess I am just a "hobby" collector, looking to get one of each, but I started wondering about this when I couldn't find certain coins, like a 1991 quarter. Although, in a roll I found a 1997 caribou quarter which are supposedly uncirculated.
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Pillar of the Community
United States
3486 Posts |
If for some reason the RCM determined that there were enough nickels to meet business needs they might not have released many into circulation. To study this further I would suggest that you examine the mintages for later dates to see how many matched the 2000 mintage. It may tell a story. Especially if the numbers look like the 2001 P. 30 million is a nice reserve in case of a shortage. Edited by matthewvincent
03/15/2014 7:56 pm
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Pillar of the Community
Canada
2805 Posts |
2012 old style loonies and toonies are interesting, and I think they could become desirable. Very few exist in circulated grades, I think.
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Valued Member
Canada
372 Posts |
I can never imagine a shortage of nickels. 279 million in 2008 alone! @nalaberong you are right about that. In 2012 only 2% of the loonies produced were that style 2012 with RCM Logo (Old Style) 2,414,000 2012 with RCM Logo (New Style) 107,105,000 2012 Lucky Loonie 5,000,000 2012 Grey Cup 5,000,000 In a couple years the plain loonies were more scarce than the special ones, 1992 and 2004 for example. I keep the toonies as well, mostly for trades. |
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Pillar of the Community
United States
3486 Posts |
wolfman-11
There is NO SUCH THING as 'just a "hobby" collector.'
You ARE a coin collector!
And your method, your taste, you choice of series is to be held
in high regard by the rest of us.
I may not share your method but I'll be among the first in line
to support your decisions.
Just one of the crude folks in the country south of you.
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Pillar of the Community
 Canada
5393 Posts |
Low mintage is meaningless. I once had a coin of French Somaliland mintage 104 could NOT give it away. Yet you can easily sell all 55000 of the 18,470 mintage 1948 silver dollar (LOL). Simple supply and demand is the only equation that means anything.
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Valued Member
Canada
372 Posts |
@ matthewvincent
I guess I have to face the facts.
My name is Steve and I am a coin collector.
There I said it.
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Bedrock of the Community
Australia
21786 Posts |
Horses for courses.
For some NCLT gold proof issues, 2,000 may be considered a lot, and won't attract much of a premium.
For some issued into circulation issues, 500,000 can be quite scarce, and the premium value can be many times (sometimes 100's x) face value.
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Pillar of the Community
Canada
532 Posts |
Rarity is something I always consider but it has to be as fluid as the demand as some have already stated. We should also be considering the Recycling program by the RCM. If any given year of coins was less than average and many get recycled it creates it's own rarity. I've seen myself pay a premium on a coin simply because I like it. Collectors themselves can create a scarcity so I also consider the hoarding factor too. Nothing like paying 10 bucks extra for a coin only to find out your grand-child will have to recoup the investment to make it worthwhile. In the end I don't collect in the hopes of cashing it in one day to live on easy street. I simply love coins. Collect the way you like! Were all brothers and sisters in numismatics here.  |
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Replies: 34 / Views: 10,063 |
Posted 03/15/2014 12:53 pm
