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 Replies: 11 / Views: 2,654 |
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Valued Member
Canada
320 Posts |
Okay I love the story behind the 2000 P coins, we have a different story about each denomination, but there is some unanswered questions that I am hoping someone can clarify a couple things. If you can show me proof or some other documentation about it, please do!!
1 cent: CCN states " does not exist" Charlton stats " only eight certified. All in mint state" which is the real story? Has anyone seen one?
5 cent: the only known denomination with a sustaining population. 4.9 million minted. These are a regular coin in our change. Why did the mint make so many of these but not the other denominations?
10 cent: I hear that 250 examples are known. These Coins were leant to the vending machine industry for testing purposes. I have alot of questions about this.
1. Who actually got them? I own 2 vending machines myself and although I didn't have them in 2000, I don't even know how I would have been offered them.
2. How many Coins would have been offered to each vending machine operator?
3. Why would dimes be the coin offered?!!? Being a vending machine owner, I can say that dimes are one of the least used Coins... Quarters, dollars and toonies are by a long shot the most common. Even nickels seem to be used more.
25 cent: I have not gotten any straight answer on these. I have heard a couple different theories but I don't know...
1. these Coins were issued for vending machines. Nahhh there's only 50 or so known examples but thats spread out between 5 different Coins ( since 2000 had 13 different reverses) they wouldn't strike only a small # of 5 different varieties for the purpose of testing vending machines.
2. These are mules. Than once again, why is there only 50 examples that are spread out through 5 different reverse dies?
If it was a mule, there would most likely be more examples known and they probably wouldn't make the same mistake 5 times.
50 cent
280 Coins minted
They were in a clock that was given to mint employees of the Winnipeg mint.
I hear 95% of these have all been certified by a 3rd party company and owned mostly by 1 person. How does that make sense.
260 people decided to disassemble their gift and send them to a 3rd party grading service and 1 person bought most of them?
So I'm only relaying what I've been told over the years. There is very little information about the 2000 P coins availabe.
Im not expecting answers on everything here but Does anyone have any input?
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Valued Member
 Canada
320 Posts |
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Pillar of the Community
Canada
2845 Posts |
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Pillar of the Community
Canada
2845 Posts |
This writer has a different theory and suggests the clocks were made for the National Ballet. http://www.orilliapacket.com/2010/0...ecting-moneyAs for nickels, considering in 1999p test tokens were trialed as well, the small release of of 4.9 million 2000p doesn't seem very unusual as releasing some of one denomination for circulation is simply a larger test. |
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Pillar of the Community
Canada
5324 Posts |
The 2000 p dimes due to large volume is probably a logical way of how this coin got out in the wild, the 25 cents are probably pre production test coins that shouldn't get out of the mint. I collect errors so some of the stuff that the RCM vp can take out of the mint is amazing, the RCM could have prevented this situation by just making a regular RCM test token as they done many times before, when you strike an exact production piece like the dime, some vending companies will just keep them and forgo the deposit. The 50 cent piece rarely comes on the market and fetches a decent price, so a collector could be hoarding, just check ICCS, PCGS, AND NGC pop report. |
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Pillar of the Community
Canada
2845 Posts |
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Pillar of the Community
Canada
5324 Posts |
Well that is an interesting read, a most recent example of funky things at the RCM |
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Pillar of the Community
Canada
2845 Posts |
Yes, and in each example the mint seemingly had no idea of the thefts until it was brought to their attention - or it was known but they didn't want it to become common knowledge so it became buried in the accounting. That's why I wonder about the clocks with the 2000p 50c. If they were in fact made for the National Ballet Company but mint employees began hawking the same goods on the street, would the mint be inclined to smooth it over by not contradicting a story that it was employee gifts?
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Pillar of the Community
Canada
5324 Posts |
As for the story of the 50 cent being a National Ballet piece, I highly disagree with this assumption and lean towards the gift for the RCM employees, it just seems the most logical and if not there would have been some backlash from the RCM employees of where is my clock, especially when it became a 2 to 5 thousand dollar clock. The two mint employee who created the Manitoba gold dollars were eventually convicted of theft and sentenced to a small prison time, but it's hard to find much news about it, by the way this coin is really cool to see in hand, but could be subject to forfeiter. |
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Pillar of the Community
Canada
2845 Posts |
Quote: if not there would have been some backlash from the RCM employees of where is my clock, especially when it became a 2 to 5 thousand dollar clock.  What I've never noticed explained is the significance of "50" to the opening of the steel facility in Winnipeg, considering a clock/time piece itself is well known to be symbolic for the passage of time and therefore commonly the central theme in anniversary gifts. The only logical explanation I can think of, if the 2000p was expected to skyrocket in value and the item was a gift to employees, It's purpose was a secondary-market reward/incentive especially for employees who uprooted their lives to transfer from Ottawa to Winnipeg, and cost the mint virtually nothing. That RCM might intentionally take liberty to creatively inflate values of non-released Canadian coinage available only to their employees is another matter. And there has been no backlash from the public. And as the OP suggests, the truth of the matter pertaining to that and other 2000p releases remains shrowed in secrecy. |
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Pillar of the Community
Canada
5324 Posts |
Just a little to add to XWL question regarding how these test tokens are given to the vending machine producers to set up the new coins weight and sizes, that's why some test tokens are really scare and valuable, like some of the original round dollar test before the loonie existed.
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Pillar of the Community
Canada
2632 Posts |
Edited by Alexer
01/25/2016 1:20 pm
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Replies: 11 / Views: 2,654 |
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Posted 01/24/2016 9:47 pm
