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Replies: 25 / Views: 6,565 |
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Valued Member
Canada
242 Posts |
coins, there is all kinds of quaters, 50 cents, dollars, 3 dollars, 5, 10 15 20 .....up to 500, its pretty hard to collect them all. I first started collecting .25, jumped to 20$ silver (that I want to get rid of) found that they were too expensive and lost value too fast. Now I just collect 1$ commeratives, and will start getting all the other 1$ kinds too, after finishing the proof silver dollar ones. oh I forgot I collected .50 wildlife ones too,(want to get rid of those too). I find that there is to many kinds of collectable coins on the market in past years. What do you think....
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Valued Member
Canada
464 Posts |
I definately agree. Every quarter they come out with a slew of new coins. I only tend to buy individual pieces I really enjoy, and not entire sets.
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Pillar of the Community
Canada
1159 Posts |
In 2004 I calculated that if you bought 1 of every coin they made for that year worked out to around $16.000 Canadian funds.Now take the addition of the Olympic,kilo,new series and add the million dollar gold coin you are over 3 million for in that year alone.To answer your question there is allot of junk coins made by the mint today.The sad thing is they make them to no true mintage's just demand. My favorite coins to collect are errors out of fresh rolls.I only pay face for the coin and always bring a better percentage of return. As we know wait 5 years to bye mint stuff for 1/2 price.
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Pillar of the Community
Canada
1554 Posts |
 Yes, I think the R.C.Mint does put out too many commemorative. It seems whatever idea or reason their Think Tank can come up with to put out a Commemorative coin, they'll do so. It makes collecting Mint coins no longer fun. I remember collecting Mint coins back in the seventies when all you had was a proof/proof like set for the year and a Commemorative silver dollar. Your total collector expense for the year in buying Mint products was less than $50.00 (Can.$) Today, forget about buying all products the Mint puts out every year, let alone trying to comprehend everything they sell! I just think they've driven the more advanced collector to stick with the original Canadian Decimal *1858-1967* Coinage. This is Classic Coinage that is not a fad and will always have a following, no matter what the economic times!  Glenn Pinto
Edited by glenzy1 04/01/2009 08:15 am
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Pillar of the Community
Canada
4227 Posts |
Goodness, the mint has gone crazy ... home shopping network type of reputation now. I remember a mint rep getting angry at me years ago when they started this and I critisized them. They seem to feel that since they are some historic government institution, they are above reproach. It's a shame really.
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Bedrock of the Community
Canada
10743 Posts |
Yeah! I agree, the mint puts out way too much stuff, but then again it is a business, and they are out to make money.  I myself collect only circulated coins and paper, so it doesn't matter how much they put out, I don't buy it. 
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Pillar of the Community
United States
5318 Posts |
As an American, I probably don't appreciate the full breadth of Canadian commems, but generally the subject matter seems more interesting to me than US issues which deal mostly with politics, ie former leaders or enlarging territorial boundaries. However, when I look through my Charlton catalogue, I'm a bit overwhelmed by the sheer quantity of "collector coins", and wonder if there is ultimately any point to such a confusing array of coins, compositions, and strikes (proof, specimen, proof-like)?  The same could be said of US commems too, which I don't collect either. Still, I admit there are a few interesting issues, which may either be considered distinctive or funny, depending on one's style of collecting...such as this example: 
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Bedrock of the Community
Canada
10743 Posts |
Right on Kurt  But, then again why would anyone want a guitar pick, witj a picture of a cow on it and, call it a coin. 
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Pillar of the Community
United States
5318 Posts |
 Gotta admit--there are few proof guitar picks out there in sterling silver. Perfect for a rock band of milkmen with cow backup. Moo!
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Valued Member
United States
324 Posts |
"Today, forget about buying all products the Mint puts out every year, let alone trying to comprehend everything they sell!"
The sad reality is that even the RC Mint doesn't even know how many commemoratives they produce.
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New Member
Canada
36 Posts |
Well there is definitely alot to buy at the mint, however I find its nice since they have some for every price range, I mean of course somebody wouldnt be able to buy them all, but I find alot of their stuff like work of art. I find their proof collection to be real nice, the 9 Coin Gold vancouver set is particular nice. Anyway to each his own opinion, however I think you should collect wtv suit you :)
Personnally its the Proof Coins.:)
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Pillar of the Community
Canada
4227 Posts |
For me the mass marketing approach has turned me off the mint products I used to collect. For many years I looked forward to a proof-like set and a double dollar set. Then as things just became overwhelming, I didn't even have an interest in those. I've sold most and the rest will be gone soon.
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Valued Member
United States
64 Posts |
I don't think there are too many commemorative Canadian coins for the same reason I don't believe there are too many different t-shirts at the store when want to buy one. I like the variety and the wide range of topics covered. I often find it hard to resist buying them, but once again, it's nice to have a choice.
On the other hand, it probably makes owning one less special than it once was (when there were only 2 or 3 commemorative coins issued in a year).
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Pillar of the Community
Canada
965 Posts |
This is one reason I only collect circulating issues. Gotta draw the line somewhere, and this is pretty broad as it is.
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Pillar of the Community
Canada
1082 Posts |
The Mint has suddenly discovered what a cash cow striking commemoratives (no matter how dubious) can be.
It was all well and good when the commemoratives were regular coins (see the dollars for '35, '49, '58, '64, etc.), but all of this started with the '67 Gold $20 piece. Then they went on to the '76 Olympic series, which was a fiasco, and one would think they would have learned from that.
I don't mind it when we get a commemorative buisiness strike; that's fine. Such coins are used to raise awareness of something among the general public, and that works. I honestly don't mind all the new quarters coming out that aren't caribous. They're made to circulate.
And I can understand the commemorative silver dollar every year in the proof set because of past tradition. But that's where I draw the line.
Strange denominations and paint and holograms just don't do it for me, because these are never meant to circulate, and because of that, they're not really coins at all -- they're just bullion with pretty pictures, and as such, they're speculation material, more than anything else.
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Pillar of the Community
Canada
4227 Posts |
Quote: they're just bullion with pretty pictures, and as such, they're speculation material, more than anything else. That's exactly right. It's deceiving ... many people actually believe that a coin with a 20 dollar value on it can actually be spent in a store or deposited in a bank (not that anyone would do this), but it's just more evidence that they aren't really coins. They are pretty. No question. So, I'm really mean no disrespect to those that collect them. They're just not for me.
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Replies: 25 / Views: 6,565 |