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<p>[QUOTE="ewomack, post: 2691868, member: 15588"]The Canadian Mint also produces coins for numerous countries, though I can't remember exactly how many. When I first drove into the Winnipeg mint's entrance, I saw a swath of non-Canadian flags next to the parking lot. The collection of countries didn't make any sense at a glance, but the tour guide explained that they post a flag for every country for which they have produced currency. Then everything came together. </p><p><br /></p><p>Many mints, including the Royal Mint, may feel immense pressure to diversify in the face of impending electronic currency and polymer bills. The collectables market probably seems like the most obvious way to branch out. After all, if circulating coins ever disappear, and, assuming that they gradually do, these mints still want to justify their existence. They are wise to plant this foundation now and find their market demographics. Nonetheless, flooding the market won't help them either now or later. They run the risk of burning out the very collectors that they might depend on. Still, the Canadian mint claims that many of their commemorative issues sell out. Even their "Big Coin" series, at $500 per coin for 2oz of silver, showed as "sold out" in the same year of issue (and yes, I actually purchased the "Big Beaver Nickel," but I'm not sure that it was a wise move). So perhaps these markets have more strength than many numismatically-oriented collectors realize?</p><p><br /></p><p>If I buy any special mint issues, I stick to bullion. I might buy an occasional commemorative, but the markups typically turn me away. I did have trouble resisting the "Dragon of Wales" in the "Queen's Beasts" series, though, partially because a section of my family comes from Wales. And, of course, Dragons are cool.</p><p><br /></p><p><img src="http://cdn1.goldsilver.be/3817-thickbox_default/2-oz-silver-queens-beast-2017-red-dragon.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 2691868, member: 15588"]The Canadian Mint also produces coins for numerous countries, though I can't remember exactly how many. When I first drove into the Winnipeg mint's entrance, I saw a swath of non-Canadian flags next to the parking lot. The collection of countries didn't make any sense at a glance, but the tour guide explained that they post a flag for every country for which they have produced currency. Then everything came together. Many mints, including the Royal Mint, may feel immense pressure to diversify in the face of impending electronic currency and polymer bills. The collectables market probably seems like the most obvious way to branch out. After all, if circulating coins ever disappear, and, assuming that they gradually do, these mints still want to justify their existence. They are wise to plant this foundation now and find their market demographics. Nonetheless, flooding the market won't help them either now or later. They run the risk of burning out the very collectors that they might depend on. Still, the Canadian mint claims that many of their commemorative issues sell out. Even their "Big Coin" series, at $500 per coin for 2oz of silver, showed as "sold out" in the same year of issue (and yes, I actually purchased the "Big Beaver Nickel," but I'm not sure that it was a wise move). So perhaps these markets have more strength than many numismatically-oriented collectors realize? If I buy any special mint issues, I stick to bullion. I might buy an occasional commemorative, but the markups typically turn me away. I did have trouble resisting the "Dragon of Wales" in the "Queen's Beasts" series, though, partially because a section of my family comes from Wales. And, of course, Dragons are cool. [IMG]http://cdn1.goldsilver.be/3817-thickbox_default/2-oz-silver-queens-beast-2017-red-dragon.jpg[/IMG][/QUOTE]
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