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 Replies: 24 / Views: 4,816 |
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New Member
Canada
45 Posts |
Collecting with my son has meant that as gifts we have received pre- made RCM sets. These are the birthday set, the tooth fairy, Santa sets etc. These don't seem to have value, or do they? Being a new collector makes this confusing, in the coin books proofs don't seem as high valued as say ms64? Is this correct or did I interpret it wrong? I appreciate all your help because I imagine buying coins as gifts in the future. |
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Valued Member
Canada
212 Posts |
I will be blunt and straight with you so please don't take it wrong I have been collecting for now 20 years at all levels. And as far as Canadian coins go as investments there is only 2 sure coins the 1921 50 cent piece and the 1936 dot penny. Both are very rare and expensive. As far as new coins I would say the 2000P 25 cents coins again ultra rare and expensive. The rest will not bring you huge returns BUT are fun to collect. I would say you are best with a semi key date in the U.S if you want to make it a investment versus a hobby. Example would be a 1909 S-VBD 1 U.S 1 cent, 1916-D Mercury dime and so on. In the U.S coins tend to double in value every 5 years and in Canada every 10 years. In the U.S you can get some really nice coins for under 2000$. Some times just buying some precious metals like say a few ounces of silver a year and putting it aside for your kid say like 10 ounces a years over 20 years that will be a good return. That what I do I buy some rare coins and one day when my brother's daughter will be around 25 or 30 I will buy her a house and pay her university education since I don't have any kids and not going to have any in the future. Edited by Matrix1980
05/19/2011 5:56 pm
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Valued Member
Canada
311 Posts |
These sets can sometimes be a good deal. My local post office sometimes has sets from the previous year at half price. Also some of these sets sometimes contain hidden gems. In 2006 the sets that I bought contained 2006 P cents. These are very scarce and worth more than the retail price of the whole set.
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Pillar of the Community
Canada
677 Posts |
I like the first coin of a series but can sometimes be hard to get.
I only buy the coins I like.
Gold and silver have a great artistry appeal to me.
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Pillar of the Community
Canada
1554 Posts |
 Your Quote:"Collecting with my son has meant that as gifts we have received pre- made RCM sets. These are the birthday set, the tooth fairy, Santa sets etc." I say continue collecting R.C.M. sets to your hearts desire. After all your not collecting to make any money or for investment value, but for mere fun. Your son was given a set for his birthday by his Grandma. Twenty + years from now that set will be priceless, not for monetary reasons, but because someone special and dear to him thought of him on a unique day to Commemorate a special event. Will his Grandma/Grandpa still be around at that time, who knows, but one thing I will guarantee you, that set will mean the world to your son. Perhaps that will start your son on an endless journey into the World of Numismatics, (coin collecting) and memories that will last a life time! Glenn  |
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Valued Member
Canada
212 Posts |
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Moderator
 Canada
10458 Posts |
Royal Canadian Mint sets, especially the modern set, do carry value. Monetary value, definitely no. Sentimental value, perhaps. Value for their artwork and beauty, well that is your own judgement call. There are many reasons why people collect coins, baseball caps, bottles, music, rocks or cars. It is human nature to collect things. You should probably decide why you and your son want to collect coins, and what is their appealing nature to you. What does your son like about coins? Does he like specific coin themes, such as bi-metal coins, or animals on coins? You want your son to enjoy his hobby. For example, does a car collector like to drive his cars, or preserve them for investment? Collectors of model trains are very passionate about their hobby, almost always at a financial loss - but they don't see it that way, they see it as money well spent, just as a golfer would for his green fees. I collect coins for many reasons: I like to learn. I like the thrill of the hunt (coin roll searching). I like mint state coins, for their beauty and cartwheel lustre. I like striking errors and die clashes. I like chasing down a series that is easy to find, but difficult to master (e.g., business strike nickel dollars). I like to share and talk about my hobby with peers and beers. Everyone here has their own reasons, and even if I don't see a return on my investment, it is money well spent, because I enjoyed myself along the way. By the way, I too, buy RCM products. I am a geologist, so I am a sucker for dinosaurs, natural wonders series and I also like the new square coins for their simplistic artwork and beauty.I buy them for pleasure. If you are going to buy coin gifts for your son, tune into what he likes first. Perhaps he is a little version of Matrix and sees dollar signs in his eyes, then it won't matter if it is coins, stamps or artwork, it is simply just an investment. Buy him bullion and get him excited about watching the daily price of metals, learn to buy and sell wisely... train him for your retirement!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
212 Posts |
SPP-Ottawa:
I must say I collect for pure passion and also some stuff for pure profit I balance my hobby.
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New Member
 Canada
45 Posts |
Thanks everyone! Glenzy thank you, I shouldn't take away that love of touching and receiving special gifts with memories. my son has autism, so this is especially good for him. So far the community has been amazing and he can buy with his allowance. I too worry about his future, but we are so new at this and having so much fun just learning I am going to focus on that. He thinks he's hit the jackpot if a coin is valued at 2.00.  He loves animal coins, anything with pharaohs and "Santa" money. I love loonies and sacagewea dollars. I still have some silver dollars put away for him. When he is a little older they will be his. So what is the coolest animal coin out there? I |
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Valued Member
Canada
371 Posts |
As a rule, I stay away from RCM products because their worth is often unpredictable. These coins are nice to look at, but often go depreciate in value once the mint releases a new coin. Unless it is an error coin that has an established rarity, it is simply not worth it to buy these with a few possible exceptions. For example, either of the 2007 snowflake coins are highly desirable. The only thing I would wonder about is, will they still be as desirable as they are now in, say, 50 years time? Personally, I enjoy collecting old-time Canadian and Newfoundland key date coins. I find it rewarding to see/purchase a truly outstanding example of a date because I know that there are most likely only a few out there that have been preserved so well. However, with RCM sets, practically all of the coins are going to remain virtually flawless even years after they were struck. My advice: If you enjoy RCM products, buy them because you really enjoy them, and not for their numismatic value. |
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Pillar of the Community
Canada
1733 Posts |
The one core RCM set I've more or less kept up with is the simple proof like or uncirculated set. I don't really appreciated the specimen strikes or the proof strikes so I don't bother. I think I have PL sets from 54-2000, I'm missing a few from this decade... hint :) Recent things they made that I like are the piedforts and those dinosaur coins with their unique toning - to me that fundamental manipulation of toning was a remarkable step and makes those coins come alive without cheap tricks like glass or paint. |
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Pillar of the Community
Canada
617 Posts |
I know a guy who gets an uncirculated set every year that way he is able to put away one of each coin in ms condition.
If you were to get a holiday set or an Oh Canada set each year you would have sample of each coin and one would be colourized which seem to go up in value.
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Pillar of the Community
Canada
617 Posts |
Mellowgirl:
for cool animal coins any or of the '67 centennial coins would be a good choice.
As for NCLT coins , year of the tiger, year of the rabbit, ..... maybe even the Sasquatch.
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Pillar of the Community
United States
1388 Posts |
All it takes is one simple coin as a gift to start a life-long hobby sometimes, regardless the value... That's how I got started in this wonderful hobby, so I love your idea...  |
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New Member
Canada
45 Posts |
There's a Sasquatch coin? That's pretty fun.
What were your first coins?
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Rest in Peace
United States
9104 Posts |
Mint issued sets are good for their intended purpose, to provide a convenient and attractive way to get all the coins from a given year in bran new condition.
Because of speculative buying starting around 1960, most sets fail miserably as investments, unless the gold or silver coins in them rose in value for their scrap value.
Using a non-silver US proof set as an example (simply because I'm more familiar with them, and info is more available), the 1971s proof set sold for $5 new. Forty years later, retail value is $8, an increase of about 1.1%, compounded, before taking out a dealer's markup.
The 1974pds mint set contains $3.83 face value, and retails for $9, a blazing 2.2% return! Keep in mind, this $9 figure includes you doing the dealer's job of finding a buyer.
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Replies: 24 / Views: 4,816 |
Posted 05/19/2011 5:30 pm
