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Coin Collection Advice – Why You Should Collect Canadian Coins
Why You Should Consider Collecting Canadian Coins
The Royal Canadian Mint has, over the course of its history, produced some of the most sought after coins to be found anywhere. What makes collecting Canadian coins even more interesting is that they have proved a valuable investment. Some of the world’s most prestigious coin collections in the world showcases Canadian numismatics.
The value of any coin is usually influenced by different factors including supply and demand, their current state, mintage, and dates and rarity. Most seasoned collectors seek to find coins that can increase in value over time and which are most sought after by other collectors.
Types of Canadian Coins
No matter what kind of collector you are, you can find all kinds of coins to collect, some of which will satisfy your emotional objectives, while some others will help meet financial objectives. For people in the US, getting access to Canadian coins can be a lot easier because of the millions of Americans who travel back and forth across the Canadian border and still continue to do so every single year.
Canadian-minted coins come in several denominations including 1 cent, 5 cent, 10 cent, 25 cent, 50 cent, Loonie ($1), and the Toonie ($2). You also get the 1 dollar and 2 dollar coins. Canadian coins come with some amazing depictions of culture, nature, and historical figures that have shaped the course of Canada’s evolution. Many coins honour the Royals. One of the more prominent figures depicted is Queen Elizabeth II whose Elizabeth Silver dollar remains very popular, fetching anywhere in the region of $2500 upwards.
Some of the most popular Canadian coins
When it comes time to decide which coins you should collect, the sky’s the limit. Aside from the regular Canadian decimal coins, you’ll have quite the selection. Keep in mind the RCM releases coins intended for the collector and dealer. Some of the most valued coins include the Rare Canadian Victorian Quarters particularly the rare 25 cent coin ones which tend to be more valuable than the Edwardian coins.
Other rare coins include the 1921 50 Cent piece, the 1937 Canadian 25 Cent, the 1973 25 Cent large bust, not to mention the 1991 25 cent, due to its very low mintage of about 459,000 as compared to about 32,000,000 minted in the previous year.
The 2007-2010 Olympic Quarters which were minted to commemorate the 2010 Olympic Games are also popular. Bi-Centennial coins and war-time coins are also some of the most sought after Canadian coins.
Places to purchase Canadian coins
Canadian coins are widely available from coin dealers on internet sites and at coin dealerships. Some dealers specialize exclusively in Canadian coins and have large collections with many varieties to choose from. The RCM even sells most of their directly. Whatever your preference, Canadian coins I’m sure, will still remain some of the best you can acquire for your collection for years to come.
When it comes to coin collecting and determining coin value, I often hear customers discuss amongst themselves the value of their coins and the fact that no commonly accepted grading standard can be agreed upon. Often, I hear disputes between these hobby collectors about how much their collection is worth based on their own criteria, which is not always the most objective.
Most of the experienced coin dealers or resellers I see on eBay don’t offer a grading in their listings. Some are even more cautious and clearly indicate that “the grading is up to you”, or “we’ll let you decide what you think the value of this coin is”.
More experienced coin dealers or collectors are a step ahead of this and can determine from the selling price and seller’s feedback score what grading the coin may be expected to be.
Nonetheless, without the aid of a standardized grading system, I am constantly faced with difficult questions regarding the grading and ultimately, the value of my customers’ coins, in
I am currently writing an article about the various gradings such as MS (Mint State), which include grades such as MS-62, MS-63, MS-65, MS-66, MS-70. I will also write about PR (Proof) and PL (Proof-Like), and SP (Specimen), CIRC (Circulated), and UNC (Uncirculated).
In my experience, UNC may also be interpreted as BU (Brilliant Uncirculated), and MS-63 (Mint State).
Thanks for reading and stay tuned! In the meantime, don’t forget to check out our eBay store here!
Coin Value – What is Your Coin Collection Worth?
Cardinal Collectibles store closes after Gilles (Jimmy) Cardinal finally retires.
Yes folks, unfortunately, the store has closed after a great run. My father had been talking about this for a while but kept procrastinating. At 74, Gilles finally called it quits and packed everything in. My sister Nadine (of La Madame des Cartes) took over the space in a long awaited expansion move.
This seems like the end of an era with only weekend memories to cherish. The store had expanded three times over the last 12 years in the Boutiques Marcado, on Montreal’s south shore community of St-Hubert. It had seemed like one of those few stores that still had a lot of foot traffic. Unfortunately, all good things must pass.
If you are still looking to add coins to your collection, feel free to navigate our online shop, or check out our ebay store. If you are trying to reach Gilles Cardinal, just send us a note via the contact form at the top of the page.
Is eBay and the payment card industry killing coin collecting?
The sport of coin collecting sure isn’t like it used to be. With today’s almost cashless shopping, including the use of Interac debit cards, credit cards, gift cards, it’s no wonder that younger coin collectors are hard to come by.
Today’s younger coin collectors seem to almost come exclusively from inherited collections or from collectors close to a living grandparent who actively collects. This is usually a grandfather most of the time.
When I began, I had a weekly newspaper run, which the subscribers paid almost exclusively in cash. At this time in 1982, there were still many silver coins available and I wouldn’t be surprised to find an old 1920s or 1930s penny on the ground. Today’s newspaper subscribers pay almost exclusively by credit card, making it much more difficult for new coin collectors today to come up with wish lists and go out and hunt down their coins. Unless you visit eBay’s website or visit a church bazar hosting several coin dealers and their coin collection filled tables, I think this is a dying sport, much like stamp-collecting.
Even Google Trends is showing the slow down of related coin collecting searches on Google over the past 5 years.
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