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New to darkside coins
F117ASR
Posts: 1,416 ✭✭✭
Hello. I usually stick to U.S. coins only but lately I've been looking at some foreign coins. Forgive me for sounding like a stupid newbie(to non-U.S. coins) but I wanted to ask you guys if world coins retain their value just as U.S. coins do. I was looking at this hologram $1 canadian coin here and really thought it was nice. It is, however, very expensive. I really just want it to collect, not to invest. I dont want it to drop though to lke $15. I have absolutely no experience in canadian coins. I called customer service and they said mintage will only be 35,000. Could someone out there let me know if this is a bad buy?. Thanx!
PS- Sorry for the long post
PS- Sorry for the long post
Beware of the flying monkeys!
Aerospace Structures Engineer
Aerospace Structures Engineer
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I personally don't know jack about Canadian coins, but I do know that most of the British copper that I do collect has risen in value over the last couple of years. For the most part, I think the coins tend to hold thier value in much the same way that the American coins do.
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
T'weren't long, passable short, and if long, the longer the better. This is, after all, the darkside, where anything goes and there is no flaming (usually). So long or short, post away and welcome to our world.
Beware the RCM as it tends to strike more if the demand exists; 35,000 could go to 60,000... I'm not sure this particular coin will retain it's value as an NCLT. Generally, world coins that are worth something will retain value and are generally under the same market rules of supply and demand that US coins operate under. What makes Darkside coins so much fun is that a 200 year-old piece can be had in excellent condition for only a few dollars (varies of course).
Forum members will contribute their thoughts to this post as the hours pass, so check back and again, welcome.
is that you end up being governed by inferiors. – Plato
<< <i>
What makes Darkside coins so much fun is that a 200 year-old piece can be had in excellent condition for only a few dollars (varies of course).
>>
Same goes for coins a few thousand years old! Afterall Roman copper can be picked up cheapish too...
<< <i>PS- Sorry for the long post
T'weren't long, passable short, and if long, the longer the better. This is, after all, the darkside, where anything goes and there is no flaming (usually). So long or short, post away and welcome to our world.
Beware the RCM as it tends to strike more if the demand exists; 35,000 could go to 60,000... I'm not sure this particular coin will retain it's value as an NCLT. Generally, world coins that are worth something will retain value and are generally under the same market rules of supply and demand that US coins operate under. What makes Darkside coins so much fun is that a 200 year-old piece can be had in excellent condition for only a few dollars (varies of course).
Forum members will contribute their thoughts to this post as the hours pass, so check back and again, welcome.
All very true, but another thing that makes darkside coins a lot of fun is that many
of the more recent issues have been even more ignored and have even higher at-
trition than the modern US coins. These have been climbing rapidly like their US count-
erparts, but caution is advisable. It is still difficult to be certain how many of the var-
ious issues have survived and possible that some hoardes can appear in some cases.
The darkside coins do behave very much like US coins. Older coins with steady demand
tend to have steady to rising prices and common coins of any date tend to stay common.
The number of world collectors is small and a mintage of 35,000 can be more than ade-
quate to prevent a price rise for many years. There are circulating issues of the 20th
century made of silver with mintages like this which can be found for a dollar or two.
The hologram coin gets a lot of attention because it appeals to a much broader range
of people than most coins and it's difficult to predict if this appeal will last.
World coins are no better as investments than US coins but are attractive to collect for
all the same reasons. They do often have startling price increases like US coins but it
tends to be on a country by country basis. It's been many years (1964) since Canadian
coins were very hot.
Go with what you like and you will really enjoy the Darkside
FOR SALE Items
09/07/2006
Aerospace Structures Engineer
Modern RCM NCLT issues tend to stay flat in value and in many cases lose up to 50%. My strategy has been to purchase the prrof set and silver $'s when issued then wait a year or two (or three, etc.) to pick up the others on the secondary market.
One of the better secondary market dealers is Colonial Acres (site). They also have an eBay presence.
As already mentioned, collect what you like.
Gene
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
-Henri Turenne
Ebay
up well and that is my biggest focus. I own three of the RCM hologram coins, the two maple leafs and a loon. I will probably only stick with the maple leafs, and have pretty much ignored the others. I haven't checked pricing lately but they tend to go up in the secondary market, but it was not my intent to make a quick profit, but enjoy them.
Have fun & Welcome.....
Shep
<< <i>Modern RCM NCLT issues tend to stay flat in value and in many cases lose up to 50%. My strategy has been to purchase the prrof set and silver $'s when issued then wait a year or two (or three, etc.) to pick up the others on the secondary market. >>
Welcome to the Forum!! Gene is right ... Foreign mints sell their products direct at high markups, just like the US Mint does. Usually the items can be had for a discount a year or two later. Do be aware that world coins don't have the tremendous markups for the higher MS microgrades or colorful toning that US coins are plagued with. World coins are bought more by eye appeal than microgrades (and slabs are much less popular -- or necessary). Of course, with Canadian registry sets now listed, that may change.
Come on over ... to The Dark Side!