What is your favourite British Commonwealth coin(s)?

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So when you say commenwealth, what exactly does that mean, as a whole?

 

Yes,Pennycase.Any country that has ever been ruled by Great Britain & still retains a connection through its membership in the British Commonwealth.This includes such countries as Ireland,Zimbabwe,Somaliland,& the Hutt River Province Principality,but not Burma or Mozambique.

Aidan.

 

That's weird. They use US dollars and cents for coins, but use GBP for post office things? Must be confusing.

Maybe the US should just invade the BVI and absorb it into the USVI. Would make things much easier, I think.

 

Sorry JBK we have reached our invasion limit for the year! Darn the restrictions!

 

JBK,the British Virgin Islands is a self-governing British colony.I don't know why the British Virgin Islands Post Office issues British
Postal Orders,but I think that there is an economic reason for issuing them.There is a very strong trading tie between Great Britain & the British Virgin Islands,so a British Virgin Islander can send a postal order to England as a form of payment without going through the rigmarole of changing currencies.

Aidan.

 

Hologram coins

I think the Canadian coloured coins are quite magnificent.

The "natural wonders" series features Niagara Falls, the Northern lights and Icebergs laser etched to appear holographic.

The coloured coins featuring the Canadian Maple are quite spectacular.

 

Gerard,I don't think that these pieces circulate.If you paid more than face value for them,then they are a medal-coin.I know of one coloured coin that does circulate - the poppy 25c. Are you in Canada by any chance? Well,I am in New Zealand,so I am pleased
to be discussing things with someone from another British Commonwealth country.

Aidan.

 

Yes I am in Canada.

I misundertood the thread. I thought it related to any minted coin. While those I mentioned are NCLT, they have face values assigned to them.

 

Gerard,they are nice looking silver $5 Maple Leaves.Bill (Bromac 4) uses the right hand one as his avatar.Yes,the thread is about any coin,including NCLT medal-coins.Have you ever heard of the town in Ontario called Swastika? I have been informed since that there is a Christmas Island in Nova Scotia,as I am familiar with the Christmas Island in the Indian Ocean & the one in the Pacific.

Aidan.

 

Swastika

I have never heard of Swastika. A simple Google search indicates that it is about 1600 kms from here.

God knows why anyone would name a town that. Seeing where it is, it's in a region that is not heavily populated with lots of heavy brush, Moose and Bears.

Incidentally, did you see my post replying to your question about the new Queen effigies in the "Canadian Cents" thread?

 

Gerard,yes I did.They are very nice photos.Have you been collecting those commemorative 1c.,5c.,10c,25c.,50c,$1,& $2 coins from your change? We do not have any circulating commemorative coins,but Aussie issues them quite often as does Great Britain,& countries such as South Africa,Ireland,Sri Lanka,& India,to name a few.

Aidan.

 

Acquisitions

I acquire the commemorative stuff from local dealers. I normally wait a year or two before I buy the commemorative stuff. In 90% of the cases, they can be had for considerably less than original issue price. In some rare cases, it could cost more.

For example the Queen mum commemorative dollar originally sold for about $50. It sold out quickly and now commands upwards of $300. This is quite unusual in Canada. While most NCLT coins are issued in the 20 - 30k range, there is little demand for the coins outside of a few circles. In most cases it's due to the exagerrated price they charge for the coins. There is an increase interest from overseas (primarily South-East Asia, Germany and Japan). The American market is increasing exponentially as coins with mintages with less than 10k can be had for less than $1000 sometime much less. This is unheard of in the US.

The Royal Canadian mint dealt with a terrible backlash a few years ago when it was discovered that they dumped Silver Canadian Maple Leafs into the US at about half the original issue price to gain interest. As you can imagine, the dealer community in Canada flipped.

Late last year the RCM announced that in order to sustain a viable demand in the secondary market they will only issue mint sets in the year they were minted. All unsold inventory would be destroyed and melted. The Canadian coin community is waiting for word in the next few weeks on the melting of any unsold 2004 inventory.

 

I am surprised that the RCM would destroy the unsold stock.I don't know why the RCM shouldn't follow in the footsteps of Ireland & split up the sets & release the coins into circulation.The Irish did this in 1986.

Aidan.

 

Mint to destroy new coins

Hi Aidan;

See this link for the full story;

http://www.canadiancoinnews.ca/previous/mar8_05.html