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 Replies: 13 / Views: 2,588 |
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New Member
Canada
3 Posts |
Does anyone know what the quality of the coins in the new uncirculated sets by the Royal Canadian Mint? I've been collecting newer circulation coinage for a few years now but I'm wondering if it's worth the effort of going through new rolls to find the very best if there is no longer a proof-like designation givin to mint sets. I've noticed the newer graded ms 67 coins are going for much cheaper than they used to and I'm wondering if it's because the uncirculated sets are higher than average quality and ms 67 coins being rare is a thing of the past. Thanks |
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Pillar of the Community
United States
4867 Posts |
Aren't proof-like sets the same as an uncirculated set? For Canadian coins I thought the terms were interchangeable? But if sets are now issued with business strikes as you implied that would be news.
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Pillar of the Community
Canada
4227 Posts |
I'm just going to guess here and perhaps someone can verify or correct me, but I'm thinking they're still PL strikes, just renamed - like how the TPGs (ICCS) refer to them as numismatic BU instead of PL now.
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Pillar of the Community
United States
4867 Posts |
I think you have it right chequer. Just a side note, I bought one of those 5 packs of the 2011 toonies and those look like business strikes.
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New Member
 Canada
3 Posts |
Sorry, what I meant is are the condition of the new uncirculated full sets of canadian circulation coinage good quality? If I were to buy one, could I expect the condition of these coins to be MS 66+ or do they randomly pull coins before they are placed into rolls for the banks?
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Pillar of the Community
Canada
4227 Posts |
If TheForce and I are correct, these are not regular circulation issues, so they will receive that Numismatic BU designation for a grade, which is not the same as a regular MS grade. It's like comparing oranges with tangerines, they are different even if they appear similar.
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Pillar of the Community
Canada
1505 Posts |
I think it was 2010 or 2011 where they switched to being regular circulation coins. I don't think there is anything different from coins you would find a in roll from the mint, not sure how they justify such a large premium for circulation coins.
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Valued Member
Canada
158 Posts |
I'm 99% certain the Uncirculated sets that are sold for $24.95 are just business strike coins that are put in cello. From what I've seen these are not even hand-picked to be sure that they are of higher grade than what is rolled and sent to the banks. Personally I think they are overpriced but I still buy them each year instead of wasting hours hunting for new Mint rolls at the banks. Years back these coins were Proof-Like but no more. If you want PL, you need to move into the higher priced sets.
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Valued Member
Canada
261 Posts |
masterofsecrets is correct. According to Charlton's in 2011: "From 1954 to 2010 the Brilliant Uncirculated/Proof-like Sets called Uncirculated Sets by the Royal Canadian Mint were struck in Ottawa. In 2011 production was moved to Winnipeg. However, along with this move the finish on the coins in the set was lowered to Circulation to match the other Giftware Sets being produced there. Fifty-six years of collecting continuity is now at an end. What does this mean in catalogue language? With brilliant uncirculated (proof-like) coins no longer being struck, coins dated 2011 will not be listed in the MS-65(NC) to MS-67(NC) grades in the pricing tables." |
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Pillar of the Community
United States
4867 Posts |
Quote:According to Charlton's in 2011: "From 1954 to 2010 the Brilliant Uncirculated/Proof-like Sets called Uncirculated Sets by the Royal Canadian Mint were struck in Ottawa. In 2011 production was moved to Winnipeg. However, along with this move the finish on the coins in the set was lowered to Circulation to match the other Giftware Sets being produced there. Fifty-six years of collecting continuity is now at an end. What does this mean in catalogue language? With brilliant uncirculated (proof-like) coins no longer being struck, coins dated 2011 will not be listed in the MS-65(NC) to MS-67(NC) grades in the pricing tables." Wow, very interesting, I had no idea of this change. $24.95 is a bit steep for regular strikes. But knowing this will save me some $$$. Many sellers on ebay are selling year sets from rolls at a fraction of the cost of an uncirculated set. Thanks for sharing! |
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Pillar of the Community
Canada
4227 Posts |
Quote:According to Charlton's in 2011: "From 1954 to 2010 the Brilliant Uncirculated/Proof-like Sets called Uncirculated Sets by the Royal Canadian Mint were struck in Ottawa. In 2011 production was moved to Winnipeg. However, along with this move the finish on the coins in the set was lowered to Circulation to match the other Giftware Sets being produced there. Fifty-six years of collecting continuity is now at an end. What does this mean in catalogue language? With brilliant uncirculated (proof-like) coins no longer being struck, coins dated 2011 will not be listed in the MS-65(NC) to MS-67(NC) grades in the pricing tables." This seems more confusing than it should be. What finish are the wedding, birthday, holiday, etc. sets? Thanks for clarifying, everyone. |
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New Member
Canada
3 Posts |
Thanks masterefsecrets, I was wondering if coins for these sets were treated somehow differently than coins that get rolled and shipped to the banks. Good to know. I was looking on ebay and the ICCS designation of NBU no longer exists for coins after 2011. |
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Pillar of the Community
United States
4867 Posts |
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Valued Member
Canada
261 Posts |
Quote:
This seems more confusing than it should be. I agree. I read some interesting stuff about this confusion from a link posted in another thread. First there was this: Quote:
the standard references are now referring to many of the newer coins from mint sets not as Proof-likes, but as "non-circulating Mint State" (abbreviated NCMS) or as "numismatic Brilliantly uncirculated" (abbreviated numismatic BU). The old term Proof-like to designate coins made specifically for mint sets cannot cause this confusion, which is precisely why it was invented in the first place. Then there's this Quote:
Recently there has been a new development in that starting in 2011 the mint stopped making Proof-like sets with selected coins. The coins in the standard mint sets are simply normal MS coins packaged like the old proof-like sets, and once removed from the set cannot be differentiated by any means I know of from a coin take from a bank roll. Excerpts were quoted from this link: http://www.calgarycoin.com/modern/canada.htmI don't know much about grading or strike styles but if an expert (I assume the author of that article is) can't tell the differnce between mint set coins and bank roll coins anymore then the confusion will persist. |
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Replies: 13 / Views: 2,588 |
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Posted 03/27/2015 07:50 am
