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 Replies: 27 / Views: 5,182 |
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New Member
Canada
7 Posts |
I would like to buy a coin/coins from the Canadian Mint as a gift for a new born (April 2010), that will appreciate in value over-time, and continue to make a purchase annually to develop a collection. Does anyone have any suggestions of a good starter? I don't want to spend more than $600.00 for the first year. Edited by Toronto Missy
04/15/2010 5:47 pm
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Pillar of the Community
Canada
1733 Posts |
I think the 2010 Sun dollar is available at most dealers in /around the 200 ish range. The 2010 100 gold coin is the "the Discovery of Hudsons Bay" and runs about 590. RCM dealers like JM Coins In Vancouver or Colonial Acres are also trustworthy place to buy though you can find local walk up Mint dealers by checking the listing of dealers on their site for those close to you. There are many choices in Toronto for RCM dealers I think. |
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Pillar of the Community
Canada
693 Posts |
To be certain increased value, please consider starting with a circulated year set from 1910. 100years ago. F12 example of all dates would be less than 100.00 total. Then next year, 1911 etc........Just a thought, because VERY FEW MODERN MINT ITEMS WILL BE AN INVESTMENT!!!
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Valued Member
423 Posts |
I agree with coinsrfun. Modern "collectables" cost more new and generally go down in price in a few years. A 1910 set would be cool.
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Pillar of the Community
Canada
1733 Posts |
Can't argue with having that preference (for older) since I have it myself. But - the poster requested information on an available RCM offering so I figured she knew what she wanted. It's like someone asking for your input on what options to buy on a Ford and then you trying to get them to buy a Toyota. Get's annoying. No one here knows if the whole hobby will go down the tubes financially with state of the art half micron laser etching and rapid toning technology 40 years from now capable of duplicating any coin to nth the degree at Walmart for bullion cost plus a buck. (Obviously I'm making that up). But, a gold coin will be still be worth it's weight in gold and it's trended higher over the past 40 years. Likely a safer bet, though there are no sure bets. Of all the current mint products I like the 100 dollar golds the best in that price range... just the right size and artwork. |
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Pillar of the Community
United States
2408 Posts |
Just the same ol'rethorical responses... "most RCM products will go down in price". Yeah yeah, like many other goods you buy throughout your life. What you pay for one day "NEW" isn't necessarily what you will sell for the next day "USED"... Anyways... The mark-ups, shipping and taxes alone chew up the greater part of the overhead you'll never recoup, unless you strike gold... and demand builds up (rarely with RCM products). Then your best bet is to cash in as prices start to come down. And prices do come down, eventually. If you decide to buy RCM products, follow the formula Qty * Price < $1M and you have better chances of maintaining your initial value. However, over time, your investment will gradually lose value and ultimately converge towards its metal content. Things may be different in 10, 20, 30 years though. When all that's left to collect are fakes or ATM cards then maybe RCM products will have some tangible collectible value. |
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Pillar of the Community
Canada
3692 Posts |
Does anybody collect ATM cards or credit cards? Is that legal?
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Pillar of the Community
United States
2408 Posts |
 I get AMEX credit cards in the mail almost every day! |
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Pillar of the Community
Canada
636 Posts |
Id go the gold coin route as well.
BTW, 600 bucks a year is a very nice gift.
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Pillar of the Community
United States
2408 Posts |
Gold or silver. They use silver in computer and cell phone chips. Something like the 5 once silver coin would be nice.
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Valued Member
423 Posts |
Well the OP did say appreciate in value over time. Personally, I wouldn't buy anything sold as a "collectable" and think it is going to go up in time - unless it's baseball cards or beanie babies! =P
Just my opinion, but it's not my money. If you are "investing" having a thorough understanding of the market is key. Asking on a forum what to do leads me to believe lots more research is required. I don't believe there is a simple sure fire way, if there was everyone would be doing it. My advice is to save money for the little ones higher education. Knowledge brings wealth. Just my thoughts.
Edited by realpenny
04/15/2010 11:44 pm
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Pillar of the Community
Canada
1733 Posts |
So to summarize: generally speaking most of us are down on modern RCM releases but if you're going to do it stick to coins where the value is as close to the base metal price as possible. That's would rule out most of the coins for sale on the RCM site. The best overall bet for investment long term might even be the one ounce palladium Maples or 1/2 ounce gold Maples in that price range. Usually these can be purchased for spot plus a little at any Scotiabank (as I recently discovered in another thread here) or can be ordered in overnight to any branch. If you happen to find a spare item No.620318 in your shipment, that's a mistake and it was meant for my address, please redirect it. Thank you. |
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Pillar of the Community
Canada
650 Posts |
The thought for the gold maples would be my bet 1/2 ounce would be in the budget and the buzz is gold and silver will climb.
Not as interesting as the $100.00 gold but $600 for 1/4 oz is stiff, gold value is only 300 for the current year.I find most drop after 5 or 6 years.
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Pillar of the Community
Canada
3692 Posts |
realpenny: are you saying buy the baby the book? lol
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Pillar of the Community
Canada
1051 Posts |
Ugly already posted my Two Cents. 1/2 oz. Au Maple or 1 oz. Pd Maple. I really like palladium, as any sort of supply disruption can cause an enormous price swing. I got a 1978 dollar for my birth coin, and I managed to beat it up pretty well. Maybe get one nice coin, and a mint product cheapie, so that the nice coin can stay tucked out of harms way until the kid is old enough to care for it properly. |
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New Member
Canada
42 Posts |
I buy $100 gold for grandchildren and nieces and nephews and then each year thereafter I send a proof set for their birthdays. As for saving them - that is up to the parents of the child but for the child - I also send/give a 2x2 page with circulation coinage issued that year for their "money book". My grandsons love to look at their money books and like me to tell the stories that go with each year - year of birth, special quarters, victory nickle etc. Building a money book is building a life story for the child that he/she will remember and hopefully carry it on.
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Replies: 27 / Views: 5,182 |
Posted 04/15/2010 5:40 pm
