Mint’s bottom line buoyed by collectibles

The advantages for the Royal Canadian Mint are obvious: these coins are sold for way more than the cost of production, and the Mint controls the program. That means that it can make a really good profit on each coin, and it means that the Mint gets to decide what coins to produce, how many to make, and can even market them. That’s why we have crystal snowflakes, glass bugs and crystal raindrops festooning a coin program that also includes limited-edition bullion, coloured base metal coins and gold and silver kilogram monsters. None of those are needed to serve the Canadian economy, but the Mint has been able to sell them at a profit. Continue reading →

Highway of Heroes coin raises $200,000

“The Highway of Heroes silver commemorative coin captured the profound gratitude of Canadians to our soldiers who served and fell in Afghanistan, and the Mint expresses our thanks to them, as well as to all our active Canadian Armed Forces personnel and their families.” “Thousands of ordinary Canadians became extraordinary Canadians by lining the route of the Highway of Heroes, from Trenton to Toronto, to voluntarily salute our fallen soldiers coming home from the war in Afghanistan,” added John Williams, mayor of Quinte West and chair of the Afghanistan Repatriation Memorial Fund committee. “We are delighted that the Royal Canadian Mint has joined the many donors to the Afghanistan Repatriation Memorial Fund so that the communities surrounding the starting point of the Highway of Heroes could build a permanent and exceptional memorial.” Continue reading →

Rumours will always persist on fabled 1936 dot cent

Pittman was a remarkable collector who managed to acquire all three of the 1936 dot cents at one time, and hung onto them until after his death. At one time he was simultaneously president of both the RCNA and the ANA; an unmatched achievement. There are even rumours that he was involved in the deal to have the coins produced, and that’s how he managed to put all three together. I did meet Pittman once, but we never got a chance to discuss the 1936 dot coin. Continue reading →

Kitchener’s continuity keeps ONA convention rolling

A highlight of the Saturday evening was the awards banquet, when the ONA recognized the work of its members. The highest award, the Award of Merit, is presented to the person living in Ontario who has made the greatest contribution toward the advancement of numismatics at all levels: local, provincial, and national. Continue reading →

Foreign strategy may alienate some collectors

At this time the vast majority of collectors spending money on Mint issues are Canadians, and what’s more, more than 75 cents of out every dollar the Mint makes in numismatic issues comes from this country. That means that Canadians, as a group, easily spend more than $100 million a year on collector coins. That’s not counting collector purchases of bullion issues, or the value of circulating coins culled by numismatists each year. That’s a huge market, with a very large profit margin. Continue reading →

Hadfield puts polymer $5 in orbit, new $10 on track

The setting was appropriate, since the note features images of Canadarm2 and Dextre, Canadian robotic innovations used to build and maintain the station. “I try to inspire young Canadians to aim high,” Hadfield said. “This new $5 bill should do the same. By giving prominence to Canadian achievements in space, this banknote reminds us that not even the sky is the limit.” Continue reading →

Bison won’t roam anywhere near circulation

Legal tender does not mean an item can be converted into another form of cash, but simply that it can be used to pay a debt. When a merchant or bank agrees to swap four 25-cent pieces for a dollar or vice versa, it is doing a favour. The redemption of coins is the prerogative of the federal government, if it so chooses. It also has limits. Sure we all hear about people offering to pay their tax bill or some fine in pocket change as a form of protest, but it doesn’t quite work that way. Continue reading →

Mint ups ante to $100 for $100 with new bison coin

The coin is described as the first in a series called Wildlife in Motion. It is not known how many coins will be in the series, or if they will all be offered as $100 for $100 coins. The Mint’s previous issues of “face-value” silver coins have been limited to a series of coins being sold for $20, with much less silver. Those issues have proven popular, usually selling out in a relatively short period of time. Continue reading →

Discarded cent makes some noise among numismatists

Now that all 1-cent coins are being recalled and melted, any survivors out in general use will disappear within the next 24 months. Finally, and this point bears remembering, there are plenty of cases of people poring through rolls and even boxes of 2006 coins and not finding a single error. Those failed searches don’t make headlines. What we can say for sure is that this discovery has dramatically increased the number of certified examples, and more than doubled the number of known examples. Continue reading →

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 →

Keep up to date with the numismatic community

Sign up to receive our newsletter.

Canadian Coin News

Canada

Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $47.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.