Posts Tagged ‘value of the coins’

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.

2012 CANADA 20 for 20 Farewell to Penny silver coin with folder 5 in series
2012 CANADA 20 for 20 Farewell to Penny silver coin with folder 5 in series
$46.59
2012 Canada Farewell to the Penny Proof Silver 5 Coin Set in RCM Wood Box
2012 Canada Farewell to the Penny Proof Silver 5 Coin Set in RCM Wood Box
$339.95
CANADA 20 SILVER COIN 2012 FAREWELL TO THE PENNY
CANADA 20 SILVER COIN 2012 FAREWELL TO THE PENNY
$22.91
2012 Canada 9999 Silver Farewell to the Penny 5 Coin Set
2012 Canada 9999 Silver Farewell to the Penny 5 Coin Set
$349.46
Canada 1 2 oz Fine Silver with Pink Gold Plating Farewell to the Penny 2012
Canada 1 2 oz Fine Silver with Pink Gold Plating Farewell to the Penny 2012
$100.18
2012 Canada 20 Dollars Farewell to the Penny 9999 Fine Silver coin round maple
2012 Canada 20 Dollars Farewell to the Penny 9999 Fine Silver coin round maple
$20.15

« Previous1234

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.

Buying Gold Coins and Factors to Consider

Sunday, November 13th, 2011

To some people there may be a barrier between them and their coin collecting ambitions. This barrier is the perceived cost of buying gold coins which have some collectible values to them. In reality there are many collectible gold coins which are within the price range of even the most humble budget. These include many fine examples of five dollar gold coins which are not anywhere near as expensive as some of the larger denominations that you can find.

One of the solid foundations to buying gold coins for the purpose of owning a vast collection of them is that they are also a very solid investment which has the ability to hold its value like few other commodities are able to do. This is has been proven for as long as human beings have shown an interest in this beautiful yellow precious metal. Gold in the form of gold coins for instance is typically weighed in ounces. The actual value of the coins can be measured as a percentage of pure gold within the coins. This simply means that the budding coin collector will have opportunities to buy gold coins which are smaller, like five dollar coins, and lighter in weight.

Factors to Consider

  • Weight of the gold coin
  • Percentage of gold in the coin
  • Rarity of the coin
  • Condition of the coin
  • Mintage of the coin
  • Historical Values

It is necessary to understand that just because the face value of the coin says five dollars it does not mean that is what its value is. Remember the value is going to be based upon other things like the percentage of gold within the weight of the coin. Still, being able to buy gold coins in the smaller denominations typically means they will have lower prices than the larger denominations.

One more thing to consider is any numismatic values which the gold coins have. These can be based upon several other factors such as rarity, condition, mintage or historical value. These are what the coin collectors will be able to learn about as opposed to merely buying gold coins for their intrinsic values. This is also a lot more enjoyable and educational as well.