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 Replies: 18 / Views: 4,287 |
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Pillar of the Community
Canada
1118 Posts |
I was scrolling down my Facebook feed today and seen that Katie et Ghislain had a caribou head for sale (If you ever seen the "Canadian Pickers" where they came to Grandfalls, NB you seen those two).
Anyways I thought it would be cool to hang that on a wall above a framed set of caribou reverse quarters and started thinking about all the different quarters we have.
Yes, the 1999/2000 quarters got me started with collecting but with so many new designs coming out every year I am beginning to hate our quarters. I don't want to sound paranoid but I almost feel like the government are making these for cents and banking on the people not to spend them but hoard them back. I know one woman who has about $200 in circulated Mountie quarters.
Am I way off base here or does this seem plausible? Once ever 10 years to commemorate something special is fine but jeez.
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Moderator
 United States
188644 Posts |
Quote:
I don't want to sound paranoid but I almost feel like the government are making these for cents and banking on the people not to spend them but hoard them back. It is what the US mint expects (profits from seigniorage and coins being removed from circulation so mintage numbers stay high), I cannot imagine the RCM being any different. |
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Pillar of the Community
 Canada
1118 Posts |
Apparently Picasso paid for stuff using cheques with little doodles all the time because he knew people wouldn't cash the cheque as his signature and art were worth more then the bill. Let the logic follow, eh?
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Moderator
United States
188644 Posts |
I would probably do the same if I could.  |
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Pillar of the Community
Canada
1747 Posts |
I do agree that we have way too many commem quarters since the Olympics it seems every year there are more. I don't mind if they make an actual collectors edition where there is a certain mintage say 100,000 or even 1mill.
however what I think they are doing is actually forcing out the older nickel coins and also the silver coinage, by increasing the volume of new coins, the older ones will likely be returned sooner to the mint.
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Pillar of the Community
Canada
849 Posts |
i Actually don't mind all the quarters since it make more to collect :)... Only wish I had a better way of getting rolls so that I didn't have to pay the shipping when ordered from CA/GW.
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New Member
Canada
31 Posts |
Today I bought a few packs of quarters, the parks canada, arctic expedition, 50th anniversary of the flag. I like the variety that's out there for me to collect.
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Pillar of the Community
710 Posts |
The quarters are a good way to (try) and get young kids interested in coin collecting.  |
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Pillar of the Community
United States
932 Posts |
I think that variety is good, I give my praise to the RCM |
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Pillar of the Community
Canada
2519 Posts |
The big thing the Mint is after here seignorage. The more quarters in circulation (or just sitting there somewhere in the public's hands) the more profit the Mint makes. Also, with the growing population, more money is needed to circulate. There is also the fact that they are scrapping so many of the older coins (again, for their profit), they need to replace them. Ace made a good point there.
The different varieties of quarters may get people to start collecting (I know I did). But at the end it still points to the Mint making profit.
Something I'm curious about is the fact that mints generally avoid making varieties in their coins to avoid public hoarding, but recent quarters from both Canada and the US create different designs on them.
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Moderator
United States
188644 Posts |
Quote:
Something I'm curious about is the fact that mints generally avoid making varieties in their coins to avoid public hoarding, but recent quarters from both Canada and the US create different designs on them. They want to prevent hoarding when there is a coin shortage and the mint cannot keep up with demand. This happened in the US in 1965, they removed the mint marks to discourage collectors. However, when a mint can crank out billions of coins and meet almost any level of demand, hoarding is encouraged.  |
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Pillar of the Community
Canada
2845 Posts |
It's as if the 25c has become the new age penny and the 5c and 10c is entirely overlooked. I'd assume that's because there's more profit in 25c minus the cost of minting and the more that are collected and saved, the more that can be minted in future years. In 1992 was the first commemorative 25c circulation set celebrating Canada's 125th anniversary and they were fun to collect. But so many were churned out that a quick look on ebay...they're still hardly worth more than face value. Then came the millennium and the Olympics and on and on.... I recently finished my 25c collection up to the present year and honestly, it became entirely ho hum in finishing it.....thank goodness for some ebay sellers who sell lots. So many different commemoratives, at least 100 back to y1992, if they were ever something special at the time, that gets lost due to the sheer volume and there's no end in sight. I'm unsure if this encourages coin collection by future generations, or if it discourages it..... |
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Pillar of the Community
United States
613 Posts |
I think a *little* restraint by mints would be advised, as to not saturate the market and overwhelm collectors
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Valued Member
Canada
228 Posts |
I'm with OspreyCoins on this one. I like the wide variety circulating 25 Cent commemoratives available. I think it is good for the hobby as it sparks interest. It's also great way to start young people collecting as it is a low-cost endeavor with so many different coins available. On the other side of the coin (no pun intended  ) they'd better be careful or they'll soon run out of things to commemorate! |
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New Member
Canada
31 Posts |
My daughter and I recently started collecting. While we enjoy the wide variety of comments, it is a bit confusing and overwhelming to us newbies. I wonder, when I buy a 10 pack of commemorative quarters, is it best to leave the pack intact, or can I remove one to display in an album?
Edited by andygroove
09/11/2015 3:32 pm
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Valued Member
Canada
299 Posts |
When I order quarter packs I always snip one out for the album...I mean...there are so many anyway. :)
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Replies: 18 / Views: 4,287 |
Posted 09/10/2015 2:33 pm
