Collectors of all kinds can continue completing their collections at Colonial Acres’ Spring Numismatic Auction, slated to take place this May 27-28 in Kitchener, Ont. With most starting bids listed at about 50 per cent of their respective Trends valuations, Kirk Parsons, Colonial Acres co-owner, said there’s a lot of affordable material on offer at the upcoming 1,020-lot sale. “The highlights are definitely the material that doesn’t hit the market every day, and serious collectors trying to fill the last missing pieces of their collections may find something here that isn’t available for sale too often,” said Parsons. “But the auction also has modern material that the everyday collector can afford. There are good deals to be had.” Continue reading →
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The recent Desjardins report does not mean the immediate end of the nickel, but it certainly is an indicator of what lies ahead. We can’t forget that the first sign the humble penny was on the way out was a similar report from the same organization. The Royal Canadian Mint doesn’t have to follow Desjardins’ suggestions, but they certainly pay attention. There is no doubt that, having gone through the experience of eliminating the cent, Canadians would not kick up much fuss about losing the nickel. We have come to accept that rounding off doesn’t really cost us money in the long run, and we didn’t see a noticeable increase in any costs. There is also no doubt that our current smallest value coin has very little purchasing power.
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