Posted 03/08/2006 5:34 pm
Well Abyss answering your question could be difficult as there will be many different opinions. The Victoria Cross silver dollar, especially the gold plated one, is a one year issue. Compared to numbers of coins struck by many nations (especially the U.S.) that number even after a year could be very small which will make it a keeper. Also you must keep in mind that no one knows what the demand for this coin will be next year, the year after or in 10 to 20 years as like it or not they will be long gone. There are also collectors who will target a specific item or topic so these coins are particularly important to them. How many VC coins have been made in the world prior to this date? How many countries will issue a VC commemorative this year? Could a collector build a set out of such coins? Many things play into a coins popularity and the fact Canada placed the gold plated VC into their 2006 proof set will limit sales as a great number of collectors DON'T want to pay the $84 (CND) dollars to get the one silver coin as that is a pretty heafty price for the one coin. So what are the coins in that set worth OUT of the set? The Canadian Mint is banking on collectors buying the proof set to get that one special coin, which is good for them, but many collectors will seek ONLY the coins which they desire which means they must locate a dealer or collector who will BUST the sets open and sell the coins individually. They get the coin cheaper than the selling price of $84 thus saving a few bucks and the fact that many proof sets get busted open also strengthens the secondary market for the proof sets as NO one knows how many sets remain intact in the years to come. Basically it can be a win win for both the collector and the Mint but time will tell the final tale! And, of course, by the time that rolls around we may not be willing to pay the asking price for either the proof set or the VC coin? It is best, at any given time, to buy the coin if your heart desires and worry about investment potential down the road. Some coins will rise and some will fall but if your heart is into collecting it really doesn't matter at all!
