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Post 1968 Canadian Coins

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Canada-EH's Avatar
Canada
49 Posts
 Posted 01/22/2011  11:29 am Show Profile   Bookmark this topic Add Canada-EH to your friends list Get a Link to this Message Number of Subscribers
Hi, almost all of my collection of Canadian coins is pre-1968. I want to start collecting newer coins and wondering if I can get some advice on what I can start looking for. I collect from 1 cent and up, so am looking for key dates, rarities etc., as I always try to look for them first.

Thanks
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glenzy1's Avatar
Canada
1554 Posts
 Posted 01/22/2011  1:55 pm  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
Before you even start collecting Post-1968, do yourself a favour and stick to what you are doing. Collect the Pre-1968 Canadian coinage, they are not only finer and scarcer pieces with a greater challenge to collect. Pre-1968 coinage is greater in demand and every Major Auction House:ie:Torex, Heritage Auctions, Lower Canada, G-B Auctions all deal with Pre-1968 coinage only. So right there, what does that tell you.
Also Population Reports for all major T.P.G.'s stop at 1967 for the most amount of detailed reporting (Good-to-MS-68), whereas Post-1968 is in a summary context.
Also Post-1968 coinage has staggering mintages that are at times mind boggling (1 billion +) when the Canadian population is only 31 million, LOL. You will never finish upgrading a Pre-1968 collection or acquiring every coin between 1858-1967 from all six decimals.
There, this is my reason for you continuing the Pre-1968 "real Canadian Coinage" and to stay away from what Numismatists call the Modern day R.C.M. junk!

WOW......................that was a relief to get outta my system!Glenn
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Canada
9865 Posts
 Posted 01/22/2011  2:44 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Nothing wrong with collecting post-68 coins,but first you have to do some research and set goals for yourself.How large is your budget?The three 2000P quarters will set you back at least $50,000.If you're serious about key dates and rarities you can start there.If that's not in your budget then you'll have to open up your Charlton's and CCN and set some goals.
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rodime's Avatar
Canada
276 Posts
 Posted 01/22/2011  6:42 pm  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
It depends what you're looking for in a collection. I'm collecting toonies, because I can afford MOST of the varieties. I'm also collecting pre 1967 bullion. If it happens to be graded, or in decent condition, I'll pick it up for a small premium over the price of the silver content - but I'm not paying $500 for a medium-range coin - I'll pay $500 for the "best graded" coin in a year, though.

This way, I don't buy junk coins. They're either the top grade in their class, or they're worth their silver content.
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FreezerBurn's Avatar
United States
135 Posts
 Posted 01/22/2011  6:53 pm  Show Profile   Bookmark this reply Add FreezerBurn to your friends list Get a Link to this Reply
Visit the J & M Coin ( jandm.com ) site for an easy to access list of coins by dates and denominations with varieties noted and pictured. Looking at the listed mintages and retail prices you can figure out which are the keys for a series. You don't have to buy to use the lists and it's the quickest way I've found to garner the information you are asking.

Happy modern RCM collecting and good luck!
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 01/22/2011  8:39 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

There are some pretty valuable post-1968 coins in MS-65+ condition.

Take 1969 nickel dollar. That trends $250 in MS-65, and yet we know the uncirculated set is worth $3-$4.

All the early 1980s business strikes are surprising high trends for MS-65. I suspect this is where massive nickel coin production in the late 60s and all the 70s met lost collector interest, and now people are finding the highest quality business strike examples are surprisingly hard to find.

Although, at times, I wonder why people are willing to pay hundreds of times the price of a better quality (non-circulated) strike.

Grade rarity is a rather odd phenomena. I doubt it would apply if it was discovered there was one and one one example of a MS-62 of some coin. That would be the ultimate grade rarity. But, it wouldn't make it worth more than an MS-63+.




Valued Member
Canada
274 Posts
 Posted 01/22/2011  8:52 pm  Show Profile   Bookmark this reply Add yves to your friends list Get a Link to this Reply
dialog_gvf : I'm always ask the same question.... for what pay 30$ for a MS65 when you can have a MS60-62 for 2$. Does this collector always check her collection with microscope ? lol

Anyway I never pay more that 62 for my coin !

Thanks !
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rodime's Avatar
Canada
276 Posts
 Posted 01/23/2011  3:07 pm  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
A super rare MS 62 wouldn't be worth more than MS63 coins if MS 63 coins were super common ... because you can always move down a grade.
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Canada-EH's Avatar
Canada
49 Posts
 Posted 01/24/2011  09:44 am  Show Profile   Bookmark this reply Add Canada-EH to your friends list Get a Link to this Reply
Thanks to all, I'm just trying to bring myself up to date on the newer coins. I do have a few but have not really spent much time on them. I've always enjoyed the older coins. Sounds like a divided camp as to the merit of collecting post 1968.
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Canada
89 Posts
 Posted 01/24/2011  11:09 am  Show Profile   Bookmark this reply Add Dollar to your friends list Get a Link to this Reply
A copy of the Charlton book will be helpful.
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rodime's Avatar
Canada
276 Posts
 Posted 01/24/2011  1:41 pm  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
If you're collecting for fun, go for dates, but ignore the coin condition. If you're going for some sort of long term investment, either get silver "junk" coins (ie. pay only for the silver content) or buy the best grade of coin possible.

If you buy coins in the middle of the grade scale (ie. more than face value, but not "the best"), then you'll be paying a hefty premium over the face value of the coin for something that collectors don't really value (a coin that isn't the "best"). Because if you're just looking for placeholder coins, there isn't any reason to spend 20x face value on it. And if you're looking for a perfect collection, there isn't any reason to waste money on coins you'll just "upgrade" later.
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1cent's Avatar
Canada
1051 Posts
 Posted 01/25/2011  11:47 pm  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
Everyone is going to have a different opinion, but here's the list of the only post-1967 stuff that I have kept: (still need the map mule)

25c 1973 large bust
25c 1999 September mule
25c 1999 November mule
25c 2000 Map mule
$2 1999 Nunavut mule
$2 gold coins - 1996, 1999, 2000, 2006

The rest of it doesn't do much for me, and I used to be an avid modern collector. There are piles of the regular date modern stuff in MS-65+ either already certified, or tucked away. I think a person is better off to focus on the silver-era coins.
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guppie1160's Avatar
Canada
307 Posts
 Posted 01/26/2011  08:23 am  Show Profile   Bookmark this reply Add guppie1160 to your friends list Get a Link to this Reply
Most of the Post 1968 coins can be had at a very reasonable cost up to and including MS63...if you can get your hands on mint rolls you might even find some 64's......as these coins are not overly pricy and most if you look hard enough are readily available you should at the same time be able to keep going with the pre-1968


Quote:
You will never finish upgrading a Pre-1968 collection or acquiring every coin between 1858-1967 from all six decimals.






Quote:
There, this is my reason for you continuing the Pre-1968 "real Canadian Coinage" and to stay away from what Numismatists call the Modern day R.C.M. junk!


owwww that hurt
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Canada
9865 Posts
 Posted 01/26/2011  09:45 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
1cent I believe all the coins you listed,except for the large bust are NCLT coins.
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1cent's Avatar
Canada
1051 Posts
 Posted 01/26/2011  8:58 pm  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
Sorry, you're right DBM, I forgot the OP wanted to try and grab a few from circulation.
As far as business strikes, the 1985 PT5 1 cent might be worth looking for, but the rest has little to offer anyone but the completionist, IMO. Of course there's the one we all hope to find - the 1969 large date 10c.
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