Archive for the ‘Coin News’ Category

Farewell to Canadian Pennies with a Limited Gold Cent

Thursday, January 10th, 2013

The maple leaf design on Canadian cent coins are possibly the most recognizable pennies in the entire world. This inspiring symbol has graced these small denomination coins for many decades, the better part of 100 years actually, and they will likely become even more sought after due to recent events. The originals were made of copper as many pennies were. This is good news for coin collectors because most of us already have large amounts of these pennies already. The distribution by the Royal Canadian Mint of pennies thus ended in late 2012 however the Canadian cent is still used everyday by Canadians as usable legal tender. These are used just as they always have been they merely are no longer produced and they will eventually, likely not anytime soon though, begin to get rarer yet the values may not increase for a long time to come. There are still countless coins like this still in circulation primarily in Canada and even though they will slowly disappear from circulation they will no doubt remain for quite some time.

2012 Uncirculated Canadian Penny

You will find that the 2012 Canadian pennies had been made from copper-plated zinc yet they are on the way out, slowly disappearing as the move to no longer produce the 1 cent coin in Canada become a fact. Other countries may end up doing something similar to this since the value of Canadian pennies still mathematically equals 1/100th of a dollar on the street it seems to be considered unnecessary which is rather odd if you think about the way we are so familiar with using them. The excuses tend to revolve around the expense which is involved in making pennies but like we said, it will leave a strange situation mathematically when you are purchasing something because the number 1 is pretty important right? Let’s just assume that we will need to round up or down when the final cost of something is the number 6 or the number 11 and so forth. Without a penny it simply cannot be done.

Canada 2012 20 for 20 Fine Silver Coin Farewell to the penny with Bonus
Canada 2012 20 for 20 Fine Silver Coin Farewell to the penny with Bonus
2012 Canada Silver 20 Farewell to the Penny Diamond Jubilee
2012 Canada Silver 20 Farewell to the Penny Diamond Jubilee
2012 Canada Farewell to the Penny 1 25 Oz Gold Coin Box  COA
2012 Canada Farewell to the Penny 1 25 Oz Gold Coin Box COA
2012 Canada gold one cent farewell to the penny
2012 Canada gold one cent farewell to the penny
2012 Canada 20 Silver Specimen Farewell to the Penny Commemorative
2012 Canada 20 Silver Specimen Farewell to the Penny Commemorative

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As a respectful farewell nod to the penny they have minted a Canadian gold penny which relatively quickly became sold out according to the Royal Canadian Mint. The Canadian cents have always held a special place in the collections of the numismatic minded people and although there are not going to be any more made, this does make them all the more appealing. This would be true of anything which ceases to be produced and therefore over the course of time does become rare which ultimately increases the value of the coin as a result. The Canadian gold penny is a .9999 pure proof and very limited in mintage. These small gold coins make a wonderful addition to a collection which many people may just decide that they hold enough value today and that this gold coin value should increase over the years to come.

Recent Observations of the Gold Market

Sunday, November 6th, 2011

Following the various indexes may not be for everyone who enjoys coin collecting, but in a way they are investors. The heavy volatility which exists in the markets is beyond a lot of what we do as collectors but did you ever stop to think how the price of gold today could affect the gold coin values in your collection? At the last coin show we attended there was quite a lot of talk about the way that gold prices have been fluctuating up and down in the recent months.

For a long time the prices were just going up and up nearly everyday but that has since changed. Still a lot of the folks who are into investing in the commodities like gold and bullion are still saying that they are continuing to hold tight even though most of them could sell at a profit since they got in earlier in the game when prices were on the upshot.

We have not seen much talk about this in the news recently, just mentions of the daily activities in the market and opinions of the value of the dollar is all. But even so the fact is that the gold coins which are the basis of most of the numismatic interests are not really affected in the same way as pure bullion for instance. The value does not solely lie within the weight (in ounces) of these coins in other words. Less of the volatility is just fine with me though. This makes it a lot easier to know what the gold coins in your coin collection are actually worth, without having to worry about the current price of gold either.

Commodity prices of all types will go through many periods of wild swings in their valuations. This is after all the very definition of speculative investing. Coin collecting on the other hand offers a much more stable way to actually own gold though. This is fine by me and for plenty of other folks we spoke with at the last coin show. The whole scenario of investing is just a bit too awkward right now, but then again, those who are the most involved in the market tend to enjoy that kind of chase. It takes a real familiarity with the trending found in the data unless you simply have someone else managing things for you. This is ultimately a lot of work and since the straight upward valuations of gold in the marketplace have begun to change it does not appear to be drawing anywhere near the attention it was earlier in the year.

Find Stability in Gold Coins

Thursday, October 27th, 2011

The variations in gold prices this year have seen a fairly wide range when you look at certain periods of 2011. The price rising has certainly caught a lot of attention as it always does when this happens. The prices falling though seem to make a bit less of a splash in the media overall though. This year has seen gold prices reaching upwards of $1,900 while declining into the range of $1,650 recently this year as well. The fluctuations may not represent the wildest ranges ever but it does cause many of the would be investors to take proper notice of the fact that all that does go up must eventually come down.

Timing is certainly the chief element in the minds of many people who either decided to get in, get out or stay away completely. The opinions of the rapid declines witnessed latter in 2011 do range just as widely but no matter who you actually listen to, you have to wonder if gold is still worthy of investing in just to take advantage of the upward motion of its prices. This is what some call a hot topic and many say that it is too late to jump on board. We as coin collectors however really may not feel the direct impact of falling gold prices because the gold coins which we focus on have numismatic values as well as all that being a collector brings to the table so to speak.

For investors though, gold is as you know used as a hedge against the times we are experiencing economically on a global scale hence all the upward movement in price during 2011. It is, no matter what side of the fence you sit on, representative of the economic times around the entire world obviously. Gold is indeed a powerful commodity but it may be best left to those who are interested in the investing side or the gold bullion side when it comes to following the heard. We have seen some nice increases in gold coin values over the last year and more stability as well, but thankfully this is not quite so directly tied to the wild ride which gold investors have been on and will likely continue to experience into 2012 from the look of things globally.

Canadian Cent Coins for Coin Collectors

Thursday, June 17th, 2010

There is quite a lot of fun which can be had with coin collecting thus not everyone has to spend a fortune on collectible precious metal coins. Many beginner coin collectors will merely sift through the old coins which they find in various places often within their homes. Of course the chance of finding some really rare old gold coin treasures are basically non-existent, unless it was an old coin collector’s house that is.

As this will typically provide the beginning point of inspiration as well as some practical hands on experience, the next step is often to start buying some cheap old coins. Some of the more common and less expensive ways to go is to look at the cent coins Canada displays we have now provided our visitors. Much of the value of old coins lies in the initial price and the opportunities are robust to say the least.

Not all of the gold coin dollar examples are of the higher quality which you may expect more advanced gold coin collectors to seek. It is interesting that there is a nice middle ground between them and the gold and silver coins which investors are always on the lookout for. The Canadian cent coins are only a few of the old coins worthy of collecting which fall into this scenario so enjoy the diversity which is a nice benefit of coin collecting also.