Coinage Recalled By Mint?

I personally think the ARP (alloy recovery program) is a great way to kill new collector interest.

Think of it this way.. can you remember the time where you looked at the change you were given and you found a coin that looked quite different than the rest? Say a 40's nickel... well now the possibility of that magic is diminished... as all the old coinage is being reclaimed people especially young kids will not get exposure to what the old coinage will look like.

As for values... I'm really not sure... part of me thinks that the high end MS 63+ coins will not be affected as the surviaval rates have already been established... however it may be the "low end" conis that will be harder and harder to find... (lowball set may be difficult) so a nickel that's from the 40's and worth perhaps 10 cents may get a bump in value over the next 10 years as the ARP collects most of 'em but I don't think it will be anything substantial as the collector base may not even be there to support this hobby...

Gary:

If the `25 penny is AU or better.. I would slab it easy... if it`s an EF... that`s your call... unless you can get a bulk coin discount all in for less than $20 bucks a coin..

I actually live in Manitoba and would love to get my hands on one of those gold coins.... but for now... if you`re willing I would love to just sit and drool at a pic or two if you`re willing to provide!

With the remainder of your 40-50 pounds that`s in your safe.. Fakes have been a problem with so many other industries... with time the authentic pieces will always be recognized... Your better items if they have significant value it would be best to get them slabbed and certified that they are authentic that way if/when you choose to sell the buyer will at least be reassured they are getting what they are paying for.

Thanks for the input on the alloy recovery program. I agree that it will affect the new collectors and I see the US mint is doing the same with all the State coins etc. And charging well over value, especially the silver, gold, or platium issues.

Agcoin, I will take a pic of the Manitoba Gold 1 DOL. Its dated 1898 and it was made by Superior Coins in Winnepeg in the 1950-60 era. Only about 200 of each, 1/2 dol, were minted and dies were seized by the RCMP and destroyed. I got it in the 1965 era when I traded a nice Morgan 1$ for it. There are alot of info on the web. Mike Locke Tokens collection has some good history.

Interesting point, the plated coins must be dirt cheap and with them pulling out all the old ones then they have artificially increased demand for new coins which they will satisfy with cheaper plated coins......from a non coin collector perspective ,its a brilliant idea
that almost sounds like it came out of the script of cheesy James Bond movies .

I also couldnt help but wonder with rising nickel prices were they afraid that people might start hoarding coins once their scrap value skyrockets ?