Louisbourg settlement’s 300 years marked by coins

The Royal Canadian Mint has issued two new coins marking the 300th anniversary of the founding of the settlement of Louisbourg, on Cape Breton Island. Founded in 1713 by 150 colonists from France, the settlement quickly grew into a fortress with one of the largest military garrisons in North America. Construction of the fortification was mostly done between 1730 and 1740. Continue reading →

R&D facility a tribute to a visionary

Ever since the new $1 and $2 coins rolled out last year, all of our coins have been made on blanks produced in Winnipeg; the excess capacity is for producing non-Canadian coins in the highly competitive world minting market. Of greater interest is the Hieu C. Truong Centre for Excellence for Research and Development. The name is admittedly a bit over the top, but the work to be done there will impact our coins on a day-to-day basis. Truong was described as a leading innovator at the Mint. That was an understatement. In my opinion, Truong has been an unsung hero at the Crown corporation. Continue reading →

Mint expands plating plant, opens research facility

The centre will “double the Mint’s capacity to innovate and will open new and exciting opportunities to market our proprietary technologies and processes,” said Ian Bennett, master of the Royal Canadian Mint said. “The expansion of our plating facility supports the growth of the Mint’s foreign business as a key priority as we pursue the objective to own 15 per cent of global market share by 2020.” Construction of the 70,000-square-foot expansion began in the fall of 2011, and cost an estimated $60 million. Continue reading →

Demand, rarity do not always go hand in hand

One of the really difficult things for burgeoning collectors to grasp is the concept of how rarity affects the price of a coin. That is usually because they fail to look at demand. Take, for instance, errors. By definition most of the really spectacular errors are unique; freak coins produced when something went horribly wrong. They are often, when the nature of the error, year, and denomination are considered, literally one-of-a-kind coins. Continue reading →

Secord coin makes trek into Canadian pockets

"Honouring the 200th anniversary of the War of 1812 with this special circulation coin pays tribute to one of our greatest national heroes and reminds us that women and men of all backgrounds played instrumental roles on the road to Confederation,” said Nicholson. “Our government encourages Canadians to take this unprecedented opportunity to learn more about our heroes and history and to take pride in our traditions by collecting this new circulation coin dedicated to War of 1812 hero Laura Secord.” Continue reading →

You’ve got to know enough to study the book

The reason I mention it here is that I was immediately reminded of one of the first things I learned about coin collecting. That old maxim “buy the book before you buy the coin.” In this case the reason the collector found a great rarity was because he knew enough to know what to look for, and wasn’t afraid to act on his knowledge. Established collectors know that, all other things being equal, whoever knows the most makes the best deal. I discovered this early on, when purchasing one of my first Victoria silver crowns. Continue reading →

Expectations exceeded at Torex auction

“The national interest seemed high, and this was reflected especially in the high number of registered Internet and mail bidders,” Marc Verret told Canadian Coin News. “That made for some long and aggressive bidding sessions, which I believe all on hand enjoyed.” Verret said both sessions were a success, with the second session being the strongest of the weekend. “Overall sales exceeded our expectations once again.” Continue reading →

Can’t help getting the warm fuzzies at RCNA convention

While much of coin collecting is about grading, history, the minting process, and the buying and selling of coins to meet a collecting goal, the fellowship that comes from associating with other collectors is a very tangible benefit as well. For one thing, a lot of coin collectors really are fun people who love to hang out and tell a few jokes, while comparing coins. Continue reading →

Faulkner honoured with top numismatic award

Christopher Faulkner was honoured with the J. Douglas Ferguson Award for distinguished service to Canadian numismatics, the highest honour in Canadian numismatics, at the Royal Canadian Numismatic Association annual convention, held July 24-28, in Winnipeg, Man. Faulkner has been active in Canadian numismatics for decades. His first published work on the subject was an article in the Canadian Numismatic Journal in 1961. Continue reading →

Who knew? Circulating coins tiny ambassadors, too

For years, I have been preaching that the best way to attract new collectors is to give them varied pocket change, which they can collect for face value. To me, the reasons are obvious: zero risk, the fun of looking through coins, and the fact that it reaches all Canadians because circulating coins are everywhere. Sure the coins may not be in mint condition, but that only means a prospective collector can actually touch them without worrying about altering a pristine surface. Continue reading →

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