Your thoughts on the 2005 Canadian proof set

Hedger

This is a nice set and a first to include gold plating on the commemorative silver dollar. I believe it to be popular but what is the potential for Canadian proof sets to grow in value? This is the first set I purchased from the RCM. Any Canadian collectors here?

Darkhorse

A Canadian proof set where the value of it grows? That'd be a first.

AuldFartte

I collect Canadian by type, and I get some proof sets, too, but I have no idea whether they'll increase in value. RCM has nice products

1960NYGiants

The 2005 set is beautiful.

Phil - since the RCM started their limited production program and destroying the excess inventory, some of the recent issues have maintained and exceeded their issue price. CDN Trends for the 1999, 2000, 2002 sets are all C$100 or more while the 03 + 04 sets are in the C$90 range.

Gene

Numismatics

I am a Canadian coin collector.

I heard that about 95% of RCM products will decrease their value.
RCM has some really beautiful coins however.

Hedger

Should I unload my only Canadian proof set and go British? I'm not sure how this '05 set will do but it does have gold plating on the commem dollar. Will the small amount of gold plating have an effect on value or is it not significant enough to make a differenece? I like the British products too but they are pricey. At least the British the coins will hold or exceed their value. I want to collect nice coins but at the same time I want to get some return if I sell. I don't think that is possible with Canadian coins. Most of what I currently have is German and Austria/Hungary coinage from earlier times and I will keep most of that collection. I will post photos as soon as I can. I may even have duplicates if anyone is interested. If I do decide to sell duplicates should I post here or on the buy/sell forum. I tend to think of us Darksiders as a seperate entity.

Darkhorse

I'm not so sure if British sets will hold or exceed their value either.

Hedger

Yes Darkhorse, you are most likely correct about the British sets. However, I believe they are popular more so than the Canadian sets. I suppose if collecting Darkside coins it is best to collect for the beauty rather than value. The most beautiful coins I have come to know are Darkside. I just like to have order in my collection rather than chaos. What I mean is simply, I don't want to get carried away and have a collection that is difficult to maintain. I mostly enjoy a few sets and nice examples of art for me and others to appreciate.

notlogical

Are some of the coins silver like in US silver proof sets? If they are, I would think those kind of sets would keep their value. It's funny they don't. They look great!

shirohniichan

<< <i>Should I unload my only Canadian proof set and go British? I'm not sure how this '05 set will do but it does have gold plating on the commem dollar. Will the small amount of gold plating have an effect on value or is it not significant enough to make a differenece? I like the British products too but they are pricey. At least the British the coins will hold or exceed their value. I want to collect nice coins but at the same time I want to get some return if I sell. I don't think that is possible with Canadian coins. Most of what I currently have is German and Austria/Hungary coinage from earlier times and I will keep most of that collection. I will post photos as soon as I can. I may even have duplicates if anyone is interested. If I do decide to sell duplicates should I post here or on the buy/sell forum. I tend to think of us Darksiders as a seperate entity. >>



The gold-plating on the dollar will affect its value as it renders it a new variety. There are three different varieties of the proof Canadian flag type dollar: 1) standard, 2) gold-plated, and 3) enamel-effect. The last has the lowest mintage and thus will hold its value best. Only 5,000 were issued at $99.50 Canadian, and already they are selling on eBay in the $200 US range.

docday2003

as a general rule, the Canadian Proof Sets have not been a good investment.

XXX

If you would like to UNLOAD your 05 Proof set at cost, I would take it off your hands at cost. I have a couple 05 Sets myself. Not much investment potenial in the near future.

shirohniichan

<< <i>as a general rule, the Canadian Proof Sets have not been a good investment. >>



That is something of an understatement.

The only RCM products that have traditionally done well over the short term are heavily-marketed limited mintage products with low buy-ins (e.g. Queen Mum and Enamel-Effect Dollars). Platinum and expensive gold items haven't fared as well. There are also 1968 and 1969 specimen dollars that came in clamshell boxes that did not sell well, but since they are so obscure they do not command a big premium.

The down side to this is that the low mintage products are hard to get, especially when they are well promoted. Speculators are probably still holding onto the Queen Mum Dollars to make sure they don't put too many of them on the market.

I've heard that the purchase limit was two Enamel-Effect Dollars per customer, so I don't think anyone has the market cornered on them.

Man

With all the different Canadian proofs it will be a good idea to get a few. I like them but often don't buy them and end up regreting it later.