Volume 55 – #18

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Volume 55#18

December 12 – December 25, 2017

Royal Canadian Numismatic Association President Henry Nienhuis said ‘buying from a reputable source’ and ‘knowing what you’re buying’ are two of the most important ways collectors and investors can protect themselves from counterfeit fraud.

Two top-line tips to prevent counterfeit purchases

In light of the counterfeit gold wafer recently sold to a customer of a Royal Bank of Canada (RBC) branch in what appeared to be proper packaging, collectors and investors are asking how they can protect themselves. Although the Royal Canadian Mint has since said the one-ounce wafer – containing no gold whatsoever – wasn’t produced at a Mint facility, the fact a counterfeit gold wafer was sold at an Ottawa RBC branch “rattles the foundation,” said Henry Nienhuis, president of the Royal Canadian Numismatic Association. Protecting yourself from purchasing a counterfeit item – whether a coin or a piece of bullion – has two critical aspects. “There are a couple of things that are almost equal, but one of them – maybe the most important thing – is to buy from a reputable source,” said Nienhuis, who added it’s easier for collectors to buy from reputable sources because dealers, on the other hand, also do business with walk-in customers. “It makes it a little harder for a dealer.” As a collector, however, Nienhuis said it’s crucial to know who you are buying from, whether you meet them in person or do your business online. Continue reading →

1967 cent struck on nickel 10-cent planchet sparks interest
Page 1
RCM unveils November numismatic catalogue
Page 1
Numismatics takes centre stage at biannual GTA show
Page 27

CCN Trends
Focus on RCM product
Page 20
CCN Marketplace
Are you buying or selling?
Page 30
Show & Bourse
Check out the shows in your area
Page 33
Ted Banning
The World of Money
Early First Nations physician was also a collector
Page 8
John Regitko
Errors & Varieties
‘Back-door jobs’ could have escaped Mint in many ways
Page 10

Stanley Clute
Ancient Money
Italians struck coins to fund war against Rome
Page 12
Tim Grawey
Colonial Tokens
City Bank tokens were issued during rebellions
Page 13

Jeff Fournier
Numismatic Fringe
Canada 150 ‘fringe’ items keeping collectors busy
Page 14
Mike Walsh
New Issues
New numismatic issues from around the world
Page 26

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