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What is your favourite British Commonwealth coin(s)?
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<p>[QUOTE="Gerard, post: 45555, member: 2763"]<b>Acquisitions</b></p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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. </p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="Gerard, post: 45555, member: 2763"][b]Acquisitions[/b] 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.[/QUOTE]
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What is your favourite British Commonwealth coin(s)?
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