High Upside For Collecting Canadian Coins?

I see very little upside for the Canadian coin market, due mainly to 1) small collector base, 2) compound this with an oversupply of material and 3) with the low precious metal prices, collectors are in no hurry to sink money into coins.

Sorry for the 'doom and gloom' outlook, but that's how I feel.

However, it is a great time to be collecting and buying coins, not for any quick 'upside' profit potential, but rather, because things are slightly depressed, coin prices are very low and as a pure 'collector' it's a wonderful time to be buying and adding to your collection.

Remember that we have 1/10 the population of the entire USA, roughly the same population as the state of California, so if in the USA there are 10 million avid coin collectors, there would likely be only 1 million in Canada. However the 1/10 rule in Canada does not apply (IMHO) for numismatics, as its way to dry. I have said this a few times before, I live in the Metro Vancouver area (close to 3 million population) we have 1 coin club, and it is based in the most affluent community.

The city I live in has about 1 million people, and we have 0 coin clubs, and 0 coin stores, this may be because of the internet but it still is a reality.

I don't think the "true collectors" are concerned about the market swings as much as the dealers/sellers are and so they should be, they have to make profits to survive nothing wrong with that- no different than any other business.,, I'mnot sure from my little perch I see any great bargains as a buyer. In Canada we live next door the elephant and compared to them we are a dot on a quarter. IMO I think there will be an upswing soon in CDN thanks to the recent attention from the Landon sale.

We are in the middle of the grand asset turnover from the baby boomers to the next generation. I suspect there will be a new batch of collectors who have inherited their relative's collection and wish to attain the biggest resale return. They may become the next hobby enthusiasts. It will not however replace those that pass on. The trick is to attract new members and that has a number of issues. Youth use less money and handle less coinage. Transactions are digital. The ARP program is taking the interesting coins from the past out of circulation. This will decimate the hobby as far as decimal collecting into the future. NCLT is looking poorly as a result of saturated markets and less buyers, third party sellers are discounting coins en masse. Perhaps more commemoratives in the next few years with the sesquicentennial will make a small difference. A new monarch on coinage is imminent and that may instigate hoarding of QEII coinage. We have to promote the hobby as culturally and historically significant, each coin a snapshot of the era. A coinage use dwindles, first the penny, then the ... we may be the smart ones holding on to little chunks of the past. Hope so. In the meantime teach a kid about coins, it may pay dividends. They are not making any more 1948 dollars but if there is one more dollar than buyers, that one will go unsold.

The 1/10 argument never seems to consider the vastly larger mintages in the US.

The main issue is disposable income. That is where the cash to chase coins comes from, and our politicians never consider increasing disposable income to be a priority. Some only see everyone over the median as a bottomless pit to be taxed for their pet projects.

If your only goal is to make money in the long run better buy stocks or silver and gold bullion.

If you want to have fun and just enjoy a hobby collect coins if they go up in value so be it if they stay the same so be it. If you lose some money again so be it.

There is not a single collectible that is a SURE thing not one. Some may have a better chance for example silver age key comic books (that market is HUGE (probably 100 million people if not more collect comic books worldwide) and appeals to a worldwide collector base.....movies, video games, books so many things).

Buy yourself the highest grade of a top 10 silver age comic book graded by CGC and make sure it is not restored. I say you will have a 95% or higher chance of making money every single year or 2.

Buy yourself a overstreet comic book price guide #44 the latest one read it learn about the silver age key comic books and make a purchase that makes you happy.

For example a Amazing Fantasy #15 1st Spider-Man, a Tales of Suspense #39 1st Iron Man, X-Men #1, Hulk #1, Journey Into Mystery #83 1st Thor, Showcase #4 1st Silver Age Flash, Fantastic Four #1. All these are ALWAYS in strong demand it has been that way for over 35 years.

I know this is a coin forum but are talking about making a investment and coins are not the best at all for that option.

If you need help with comic books ask me and I will help you I have been collecting coins, cards and comic books since the late 1980's. Buy the best you can always graded by CGC and with white pages if possible if not then one lower page grade......nothing lower than that. All these comics have doubled in value every 5 years or 10 years some even sooner than that. Spider-Man is the most collected of all of them.

allranger

I know but figured maybe the guy is sick of the stock market and wants to control his own financial assets closer.