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Some Help With Loonies Please.

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Pillar of the Community

Australia
1040 Posts
 Posted 06/13/2008  06:42 am Show Profile   Bookmark this topic Add latman100 to your friends list Get a Link to this Message Number of Subscribers
For my first major foray into foreign coins I have decided on Canadian coins.
Wise move I thought since I know absolutely nothing about them. And what do you do if you know nothing? Go and buy some of course!

Anyway, that is what I did. In a post in the Aussie section I was talking about the Australian 1967 goose dollar, and a post was made with the '67 Canadian goose dollar, including a picture. So I decided I had to have that. I bought one from ebay Canada described as proof like cameo. I bought it for C$31.

I have no idea of value for Canadian coins, but I have to admit I was very happy when I got it in hand.

I have just bought 3 more coins from the same seller, a 1990 loonie for C$8.95, a 1998 w for C$11.95 and a 2000 w for $9.95. All gem.

I have a few questions:
1. Am I in the ball park with what I am paying?
2. What does the w stand for?
3. What other years was this shaped coin issued, and how much should I be paying?
4. On another note, what other coins should I be looking at?

Please don't take offence at the next statement, but I understand that the RCM has a bit of a reputation for putting out a lot of rubbish NCLT (of which I believe 2 of the above are, but I couldn't help it) which loses value very quickly. Can someone direct me to a link where I might find more info on the circulating coins?

I currently only really collect Australian coins meant for circulation, both decimal and pre decimal. I prefer to collect in as high a grade as I can afford, and will most likely follow that path with Canadian coins. Are these loonies part of circulation?

If not then it will probably be my first series not meant for circulation.

Any help would be greatly appreciated, thank you.

Sean.
Valued Member
timotay01's Avatar
Canada
186 Posts
 Posted 06/13/2008  1:46 pm  Show Profile   Bookmark this reply Add timotay01 to your friends list Get a Link to this Reply
Some links that have helped me:
Calgary Coin
http://www.calgarycoin.com/modern/cddollar.htm
you can read about the 'W' there
Colonial Acres
http://www.colonialacres.com/dollars.shtml
J and M, click on catalog, canada, dollars
hhtp://www.jandm.com
And of course I would be remiss if I didnt mention my own list, other than the specialty ones I hopefully will be able to say I have all very soon, good luck!
http://www3.sympatico.ca/lapsleyt/c.../Loonies.htm
Pillar of the Community
KurtS's Avatar
United States
5318 Posts
 Posted 06/13/2008  3:36 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Sean-
I do like that '67 Goose dollar, as well as the Australia commemorative.
$31 is good if the $1 is a perfect strike, no toning with a distinct cameo--most aren't true cameo. Otherwise, you can get the whole 1967 PL set for $10-15, even with current silver prices that's a good deal.

As for 1990, 1998W, and 2000W, I find the number of collector issues is confusing and I'm skeptical to attribute any premium here excepting some very low-mintage coins such as the silver '97 $1 Flying Loon or the 2002 "Queen Mum". I paid all of $5 for a proof '87 Loonie in the original RCM case (that's the first year). I believe the "W" on moderns stands for the Winnipeg mint.

Imo, be wary of Loonie "values," as many dealers like Colonial Acres sell at a healthy margin. The market is awash with "collector coins" of dubious value which I suspect someday will be flea market Overstock.
Valued Member
Brissyboy's Avatar
Australia
335 Posts
 Posted 06/13/2008  11:44 pm  Show Profile   Bookmark this reply Add Brissyboy to your friends list Get a Link to this Reply
As we know the Royal Canadian Mint was established as the Ottawa Branch of The Royal Mint in 1908. Then it passed to the Canadian Government and became the RCM. The RCM built a branch mint prior to 1981 (sorry can't remember the year) at Winnipeg.

While Ottawa struck collector coins - mint sets, proofs etc, Winnipeg struck circulation coins including Australia's 1981 5c and 20c. In the late 1990s both Mints struck some of the collector unc sets and later a W appeared on coins struck at Winnipeg. It is a pity RCM did not continue to use the W mintmark on later issues if they are struck at Winnipeg. I like the Loonies and have been trying to collect a set also.

New Zealand's circulation coins when struck in Canada are done at Winnipeg and Mint and Proof Sets and singles for some years were done at Ottawa. Another of my passions, NZ decimals and their Mint varieties.

Wayne
Pillar of the Community
Australia
1040 Posts
 Posted 06/14/2008  12:53 am  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Thanks everyone for the info. Timotay, Calgory coins is where I got all these coins from. Good to know a Canadian recommends them. As for whether they were worth it, for some reason I don't seem to care as much as if they were Aussie coins. Perhaps as I get to know values, that might change, but for now it is kind of nice to be "back at the beginning", so to speak.
Valued Member
United States
324 Posts
 Posted 06/14/2008  02:05 am  Show Profile   Bookmark this reply Add mkb to your friends list Get a Link to this Reply
Sean,

What to collect depends on where one's interest lies. For value, I like the PL (Proof Like) sets of the 1960's because the coins are nice and you can't beat their prices - usually based on the spot market cost of silver. If you like varieties, then the Victorian 1-cent coins are nice since there is a ton of varieties in that series. If you want a challenge to just put together a basic collection, then the Victorian 50-cent coins are nice (though costly) - even the Newfoundland coins can be a challenge. Published mintage figures for these older coins mean little - even into the King George VI series. The survival rate of the Victorian coins is low - likely in the area of 1% for the 1-cent coins and even less for the bigger denomination coins.
Valued Member
timotay01's Avatar
Canada
186 Posts
 Posted 06/14/2008  06:12 am  Show Profile   Bookmark this reply Add timotay01 to your friends list Get a Link to this Reply
I havent purchased from Calgary coin, just used the site for info. For me Colonial acres is the best buy if you wait to get things when they go on sale, its just the shipping stinks so I usually try to just pick whatever I buy up at the store instead.
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