Last updated on May 2nd, 2024 at 03:35 pmThe Bank of Canada plans to push older currency out of circulation for good. This means that $1, $2, $25, $500 and $1,000 notes will no longer be used for paying debts, or in other words, for commercial transactions. These notes of Canadian paper money will no longer be legal tender for a number of reasons. It will help the Bank of Canada ensure that the bank notes that remain in circulation and are subsequently used by Canadians are: Difficult to counterfeit Easy to use In good condition Current What is the…
Colonial Acres: Answering Your Counterfeit Money Queries
Last updated on May 2nd, 2024 at 03:35 pmExpert coin and currency collectors usually have no problem spotting fake pieces, but it seems that modern Chinese counterfeiters have set their sights on producing fake Canadian pre-Confederation tokens. A so-called 1852 Quebec Bank one-penny token and an 1843 Nova Scotia half penny were recently listed on eBay. The online marketplace has since pulled the listings down, but that still poses the question of how to recognize fake bills or coin pieces if you’re inexperienced and how to protect yourself from buying or accepting fake ones. (Visit Colonial Acres Coins for additional…
What To Do With Inherited Coins? Part 2
Last updated on May 2nd, 2024 at 03:35 pmYou inherited some coins and would now like to sell them. When you have coins for sale, you can be taken advantage of if you have no prior experience with the procedures. Unfortunately, there are people in the coin collecting business that will may try to take advantage of you. We’ve already covered some selling tips in Part 1 of this two-part series, so here are some more to keep in mind when selling the coins you’ve inherited safely and for top dollar: Identification Catalogue & inventory Properly understanding your collection’s value…
Coin Roll Hunting For Canadian Nickels 101
Last updated on May 2nd, 2024 at 03:35 pmCoin roll hunting in Canada can turn out to be a both fun and lucrative activity. Is the Canadian nickel worth any money? There are certain coins you’d be wise to keep based on their numismatic and metal value, because coin rolls containing Canadian nickels before a certain date are more valuable due to a higher amount of nickel and because of rarity. Here are coins to be on the lookout for when Canadian coin roll hunting. Coin Roll Hunting Canada: Nickels Minted Before 1982 In the early 1980s, nickel prices increased…
Canadian Notes That Featured Queen Elizabeth II
Last updated on May 2nd, 2024 at 03:35 pmIt is said that the portrait of Queen Elizabeth II has appeared on banknotes in every continent except Antarctica. Canada was the very first country to feature the Queen on its bills, featuring her portrait throughout her life and reign several times on Canadian paper money. Read on to learn about the times when Queen Elizabeth II’s portrait adorned paper money in Canada, which include: The 1935 Series The 1954 Canadian Landscape Series The 1967 Commemorative Note The 1969-1979 Scenes Of Canada Series The 1986 Birds of Canada Series The 2001-2006 Canadian…
What Is A United States Proof Set?
Last updated on May 2nd, 2024 at 03:35 pmThe term “proof set” is one that often tends to confuse beginner coin collectors. It actually stands for a collection of proof coins from one particular year. The set can be individually assembled by a collector or dealer from proof coins purchased separately, or can be officially marketed by the issuing mint as a “set.” The most important part is that the coins included in a proof set are all special specimen strikings for exhibition, souvenir, presentation or some other numismatic purpose. Go to www.colonialacres.com for more information on proof coins and…
Great Addition To Your Collection: Burrowing Owl Set
Last updated on May 2nd, 2024 at 03:35 pmStarting off as a coin collector means not just investing one’s time in an interesting and potentially lucrative hobby; it also means having superb and refined taste. When it comes to Royal Canadian Mint coins, there are many that are intricately designed, beautifully detailed and masterfully crafted. But if you are looking for a unique way to inspire someones collecting interest, consider the remarkable 6-Coin Specimen Set – Burrowing Owl (2018). What Is So Special About The Burrowing Owl Coin Set? Plenty, as a matter of fact. The world-famous specimen finish of…
The Perfect Gift: Star Trek 3 Silver Coin Set
Last updated on May 2nd, 2024 at 03:35 pmAny true Star Trek aficionado will be able to name three of the most famous vessels in Starfleet history in the middle of the night. But, what’s the one thing better than being able to just name the vessels? It’s owning your very own Star Trek Iconic Starships – Pure Silver Glow-in-the-Dark 3-Coin Subscription (2018). Star Trek’s iconic starships have transported millions of imaginations deep into the final frontier whether encountering unusual phenomena or exploring new worlds. This makes them must-haves if you’re an avid Royal Canadian Mint coins collector or if…
Selling The Coins That You’ve Inherited – Part 1
Last updated on May 2nd, 2024 at 03:35 pmIf you inherit a coin collection, you have two major options of what you can do with them. One, you could try to keep it and learn more about coins (if you’re not an enthusiast already) in order to expand it. Or two, you could do your best to sell it, hopefully for a profit. Most people who inherit a coin collection opt for selling it, but it can be a troublesome challenge. There are many ways you can get yourself taken advantage of and ripped off, which is why you’ll be…
Ask Colonial Acres: Consignment 101
Last updated on May 2nd, 2024 at 03:35 pmIf you happen to be a coin collector and are thinking about selling more than several coin pieces or perhaps your entire collection, it can be a difficult process. This goes especially if you’re inexperienced in selling coins, which means you could easily be tricked. Another possibility is that you don’t end up selling most or all of your coins at the right price, which creates a big problem if the reason for liquidating your collection is to get some quick funds. This is where consigning your collection or pieces to an…
