Last updated on May 2nd, 2024 at 03:35 pmAs a result of Canada’s decision to remove the penny from both circulation and production, many are wondering if the nickel is next in line to suffer a similar fate. According to an economic study published by Desjardins, the Canadian 5 Cent coin could very well become extinct. The study cites the main reasons for such a move being the fact that the coin will seem less and less useful because of its low purchasing power, as well as because of what it costs involved for both businesses and consumers. Would This…
Reasons Why Some Canadian Currencies are Endangered
Last updated on May 2nd, 2024 at 03:35 pmFor better or worse, Canadian coin currency can be said to officially be on the endangered species list. There are many contributing factors for this, predominantly technological ones, as more and more people are opting for electronic forms of payment. Another instance is the new development of personal pay by fingerprint, where the user presses a finger or a thumb onto an appliance that identifies the purchaser and completes the required payment. Such technology doesn’t require any coins, cash or paper bills. Why Are People Switching Over To Electronic Forms Of Payment?…
Want The Most Value For Your Coins? An Auction Could Be The Answer
Last updated on May 2nd, 2024 at 03:35 pmWhen you have coins for sale, there are a number of ways you can try to get top dollar for them. Many professional coin dealers consign coins to auction houses because they aren’t having any luck trying to sell the coins privately. To solve this problem, they want to expose the coin to the largest audience possible. Alternatively, non-collectors sell them at auctions because they are not sure they are getting a fair price with a dealer. Lots of time and effort is spent trying to get the best possible prices and…
Check Out This Canadian 3-Coin Justice League Set From The Mint
Last updated on May 2nd, 2024 at 03:35 pmComic book fans are in for a real treat: the premiere team-up of DC Comics Super Heroes made it to the big screen in Justice League. Behind the comic book pages and the scenes of the film, on the other hand, the Royal Canadian Mint has also decided to treat Justice League fans with a 3-coin set celebrating the legendary comic book. The best part? Each coin’s reverse features original art by the artist of the flagship Justice League title: Canadian artist Jason Fabok. Fabok’s designs were specifically created for RCM coins,…
Where Did All The 1921 Canadian 50 Cent Coins Go?
Last updated on May 2nd, 2024 at 03:35 pmThe 1921 Canadian 50 Cent Coin is arguably the most prized numismatic rarity in Canada. In a country that has traditionally manufactured some of the most technologically advanced, astonishingly eye-catching and intricately designed coin pieces since its establishment, there are many Canadian coins that are rarer in the absolute sense. But, none of them match the storied history of the coin popularly named “King of Canadian Coins.” Keep reading to know more about the circumstances that resulted in the legend behind this exquisite piece. How did the Coin First Come to be?…
Learn More About Canada’s Rarest Coins
Last updated on May 2nd, 2024 at 03:35 pmThroughout its history, the Royal Canadian Mint has produced some of the rarest and most valuable coins in the world. As a result, Canadian coins are some of the best investment-grade collectibles around and are also very fun to collect. There are particularly interesting pieces which hold great value for a number of different reasons and circumstances. Keep reading to learn which three coins are the rarest and most valuable in Canada. What Are 3 of the Most Valuable Coins in Canada? There are different ways in which one can observe the…
$25 Limited Edition Coin For That Baseball Fan
Last updated on May 2nd, 2024 at 03:35 pmBaseball is a sport enjoyed by millions and there are countless different memorabilia one could transform into the perfect gift for a die-hard baseball fan. From baseballs to bats and hats to jerseys, these are just a few suggestions you could adopt in order to make the day for that special baseball-loving friend or family member. But, if that special someone truly worships baseball and you’d like to think outside the box when it comes to a unique gift, consider some collectible coins. If this sounds like a good idea, then there’s…
A Look At The First Canadian Silver Dollar From 1935
Last updated on May 2nd, 2024 at 03:35 pmJust as the United States of America was closing out a 141-year history of $1 coinage in 1935, Canada struck its first circulating crown-sized silver pieces. The Royal Canadian Mint produced the 1935 Silver Jubilee Commemorative Dollar in order to celebrate the 25th year of the reign of King George V. There are two ways in which the Canadian silver dollar is historic: It is the first ever silver dollar minted for circulation in Canada It is also the first commemorative coin minted by the Dominion of Canada The Design of the…
Royal Family Collectors, Do We Have The Coin For You!
Last updated on May 2nd, 2024 at 03:35 pmThe Canadian Royal Mint has a long history of producing some of the most sought-after, majestically designed and supremely meaningful collector coins in the world. Such a tradition is once again exemplified by the 1 oz. Pure Silver Coin – Royal Portrait that represents a must-have piece for all the Royal Family collectors out there. Depicting Her Majesty Queen Elizabeth II gazing at her first-born son, the Royal portrait on this remarkable coin represents a celebration of motherhood through its depiction of a tender moment. Keep reading for more information on this…
Canada’s 50 Cent: A Forgotten Coin
Last updated on May 2nd, 2024 at 03:35 pmAmong coinage that has a long and storied history in Canada, a particularly interesting one is the 50 cent coin. While seemingly strange, this important denomination was actually the highest value coin when it was first introduced by the Dominion of Canada in 1870. The piece represented a significant sum at the time, especially considering that most workers at that time likely earned between $5 and $15 a week. Today’s Canadian 50 cent coin value is highest among collectors, especially since it is no longer minted for circulation. It existed in 5…
