Originally Posted @ CoinScoop I have a buddy of mine who collects a lot of Candian coins, he is constantly telling me how he expects that Canadian coin popularity will increase over the next couple of years. Looking through the mintage numbers for some of the Canadian coins, it seems that in the past couple years the Canadian Mint has made a lot of coins with low mintages. Another aspect of the coins minted by RCM i s the presentation of the coins as well as their quality. I’m not sure how effective that strategy will play out now, but it seems that in the long run if their coins gain popularity (like that of US coins) my buddy is going to banking major bucks. Samples from RCM website 2006 Sterling Silver - Lucky Loonie - 20,000 mintage limit 2005 2005 $5 Silver Coin - 25,000 mintage limit 2006 10th Anniversary $2 Gold Coin - 3,000 mintage limit
I dunno about the more modern stuff they are minting but the older Canadian coins have become quite popular over the past 2 yrs or so and prices have increased greatly. As for the newer stuff - time will tell.
There is no question that the RCM produces very high quality product with very low mintages with definite potential to increase in value. The only problem, in my opinion, that a lot of these newer issues lack demand is that the mint seem to flood the market with dozens and dozens of collector product every year. I am sure that a collector of modern Canadian product (if you were willing to add it up) would have to pay in excess of probably $10,000 CAND to purchase 1 of everything minted that year from them...seems ridiculous. How can 1 person collect all this? They also have the strange habit of minting products to celebrating and commemorate obscure anniversary dates...like the 90th anniversary of the opening of the mint or the 40th anniversary of the Canadian flag. (why not wait for the 100th and 50th??). In the instance of the 40th anniversary of the flag..it was a good short term investment for those who got in on a few at or near issue price. That silver and enamel $1 coin was selling for a $100 at time of issue and went on to sell to upward of $400 on ebay with a mintage of only 5000 a very short time after release. (But as we all know would a collector sell at a $1000 probably not ) So I guess it is all about demand and what people are willing to spend. I just wish the mint would be more reasonable about managing their product. But yes I would agree that the potential for Canadian material is strong - moreso the older circulating series for me than modern stuff as already stated. Take care.
