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 Replies: 12 / Views: 1,859 |
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Pillar of the Community
United States
4867 Posts |
In another thread I had asked why the Specimen toonies do not have the security features as their circulation counterparts. Well here is what the Royal Canadian Mint had so say! "Thank you for contacting the Royal Canadian Mint. With regards to your inquiry, please note that because these are not circulation coins, they do not have a valid EMS and are at low risk of being counterfeited as the numismatic version is only valuable with the packaging and the certificate. If someone tried to pass these counterfeit versions of these designs off as circulation they would be under greater scrutiny without the security feature." |
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Valued Member
Canada
228 Posts |
Why would they not have a valid EMS if they are struck on the same planchets as their circulation counterparts? They should have the security mark as they are supposed to be Specimen examples of circulation coins.
I also disagree with the statement "it is only valuable with the packaging and Certificate". Why is that? Isn't that up to the numismatic world to decide?
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Pillar of the Community
 United States
4867 Posts |
I thought the same thing Quatchi, on both fronts! I do think even the Specimen coins should have the security marks since it would accurately represent it's circulation counterpart. As for the packaging comment, I was just speechless...
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Pillar of the Community
Canada
1505 Posts |
It might be a problem with the lettering on the edges of the coin, as most of the circulation ones looked damaged/dinged and would probably look really bad for a specimen coin.
This might just be the cover story for a bad production process.
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Pillar of the Community
Canada
2366 Posts |
They're possibly just not seeing any profit in switching over the Specimen production ...
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Valued Member
Canada
228 Posts |
I agree the edge lettering makes for some pretty ugly rims that some people may find a bit unappealing in a $50 specimen set. However, ugly or not, personally I would prefer having all aspects of the circulation coin (except the finish) on the specimen issue. After all, isn't that the reason specimens exist in the first place, to be a comparison tool to identify counterfeits. Perhaps the specimen's reason for existence has changed over the years but the principals shouldn't change.
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Pillar of the Community
Canada
4911 Posts |
it is an easy fix for them IMO just make a collar with lettering.....unless I'mmissing something.
Feel free to call me Will.
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Pillar of the Community
United States
4867 Posts |
When I read the RCM's response, it sounds like they think specimen coins aren't counterfeit worthy, hence no security features. I feel the specimen coins should represent their circulation counterparts. The mint seemed to have been speaking from the standpoint that retailers will look upon a toonie w/o the security features with scrutiny. However, here in the US I see people spend proof coins for example without a second look. I am sure the same thing happens with specimen coins there. |
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Pillar of the Community
Canada
933 Posts |
"the numismatic version is only valuable with the packaging and the certificate"
wow...
This comment goes well with the Mint's new direction
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Valued Member
Canada
228 Posts |
If the edge lettering was on the collar dies, not only might that reduce the rim issues, the placement of the letters would be consistent.
I haven't seen much for Specimens in circulation but it's a shame to hear they're spending lots of proofs down there.
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Pillar of the Community
Canada
532 Posts |
So I guess breaking up a set for aesthetics or to display is a bad idea. Just seal them up and lock them away if you want to retain any value? in 2012 the two dollar and one dollar coin found in sets are of the non secure variety and surpass the value of the new secure coins even removed from the set. I don't like the way we've gone regarding BU struck coinage but what's one to do?
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Pillar of the Community
United States
4867 Posts |
It's a tricky thing Fixguy! Sometimes I think all these special finishes are a bit much. If there are to be multiple finishes the designs on them should be all the same for all denominations. Having a special design for a certain finish is ludicrous.
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Valued Member
Canada
228 Posts |
Fixguy: I wouldn't worry too much about the Mint's "official" opinion as represented in this letter. It certainly doesn't say much about the product they sell when they turn around and say it's worthless if removed from the packaging.
Also, their certification card means absolutely nothing. It can be easily lost or misplaced as it is not attached to the coins by any means.
The Force, I agree with you on this, designs shouldn't be different from the circulation issue.
Edited by Quatchi
04/30/2015 11:21 pm
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Replies: 12 / Views: 1,859 |
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Posted 04/29/2015 08:05 am
