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Do You Think That The Mint Puts Out Too Many Commeratives

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silverdollarnuts's Avatar
Canada
242 Posts
 Posted 01/27/2009  09:40 am Show Profile   Bookmark this topic Add silverdollarnuts to your friends list Get a Link to this Message Number of Subscribers
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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gawd0wns's Avatar
Canada
464 Posts
 Posted 01/27/2009  10:13 am  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
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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chadcoins's Avatar
Canada
1159 Posts
 Posted 01/27/2009  10:34 am  Show Profile   Bookmark this reply Add chadcoins to your friends list Get a Link to this Reply
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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glenzy1's Avatar
Canada
1554 Posts
 Posted 01/27/2009  11:21 am  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
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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chequer's Avatar
Canada
4227 Posts
 Posted 01/27/2009  11:53 am  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
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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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 01/27/2009  2:26 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply


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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KurtS's Avatar
United States
5318 Posts
 Posted 01/27/2009  2:32 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
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:

Do-You-Think-That-The-Mint-Puts-Out-Too-Many-Commeratives
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 01/27/2009  2:37 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
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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KurtS's Avatar
United States
5318 Posts
 Posted 01/27/2009  3:16 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply

Gotta admit--there are few proof guitar picks out there in sterling silver.
Perfect for a rock band of milkmen with cow backup. Moo!
Valued Member
United States
324 Posts
 Posted 01/27/2009  4:03 pm  Show Profile   Bookmark this reply Add mkb to your friends list Get a Link to this Reply
"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.
New Member
Canada
36 Posts
 Posted 01/27/2009  4:06 pm  Show Profile   Bookmark this reply Add ballain to your friends list Get a Link to this Reply
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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chequer's Avatar
Canada
4227 Posts
 Posted 01/27/2009  4:15 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
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.
Valued Member
United States
64 Posts
 Posted 01/27/2009  5:07 pm  Show Profile   Bookmark this reply Add PMallette to your friends list Get a Link to this Reply
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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Topher's Avatar
Canada
965 Posts
 Posted 01/27/2009  5:16 pm  Show Profile   Bookmark this reply Add Topher to your friends list Get a Link to this Reply
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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WpgLwr's Avatar
Canada
1082 Posts
 Posted 01/27/2009  6:00 pm  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
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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chequer's Avatar
Canada
4227 Posts
 Posted 01/27/2009  6:10 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply

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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