NCLT coins are the key to Mint profits

Ever since the Royal Canadian Mint (RCM) started selling gold and silver on the commodities market they have been required to file additional reports. Such reports, intended to inform people buying those popular Exchange Traded Receipts (ETR), are not packed with the sort of detail that collectors would love, such as detailed monthly coin mintages, but it does give us a bit of a sneak peek into what is going on, without having to wait for the annual report. Continue reading →

Maplegrams offer small-scale bullion

The maple family now includes a one-gram issue.

The Royal Canadian Mint has released a new entry-level bullion coin, the gold maplegram. Introduced on Sept. 24, the one-gram gold coin has the same design as other members of the gold maple leaf (GML) family, but has a face value of just 50 cents. As with other gold maples, it has a purity of .9999. The coins are struck in the same bullion finish of brilliant relief against a parallel lined background. The tiny coins have a diameter of eight mm. There is no mintage limit, as most bullion coins are stuck to meet demand. The size makes the maplegram the smallest Canadian gold coin in terms of diameter, compared to the 25-cent wildlife coins, which are 11 mm across. However the new coins are twice the weight of 25-cent coins, which weighs just half a gram. The result makes the maplegram comparably thicker, approximately 1.4 mm. Continue reading →

Waychison recognized by ANA at opening ceremonies

William Waychison, right, receives the ANA Presidential Award from President Walter Ostromecki, left, at the recent World’s Fair of Money in Chicago. They are surrounded by members of the Canadian numismatic community, including, back from left: Clifford Miesher, France Waychison, Brett Irick, Bill Cross, Dan Gosling and Paul Johnson.

A former past president of the Royal Canadian Numismatic Association (RCNA) has received singular recognition by the American Numismatic Association (ANA). A “shocked” William Waychison stood in disbelief on the podium when ANA president Walter Ostromecki made the announcement during the opening ceremonies of the recent World’s Fair of Money in Chicago. Waychison, the immediate past president of the RCNA, was participating in the ceremony as part of this ANA’s convention theme, Hands Across the Border, a joint-partnership of the ANA and RCNA to promote each other’s conventions and the hobby. “The ANA Presidential Award is given, at the discretion of the president, to recognize an individual who works tirelessly behind the scenes for the hobby to make it better overall,” Ostomecki later told Canadian Coin News (CCN). Continue reading →

Canadian circulation coins have come a long way in 25 years

I don’t think I’d be going out on a limb if I said that most of today’s collectors started out with pocket change. I have told before the story about how I went through the family penny jar, or in our case a tube that originally contained some sort of rye, sorting out coins and picking up the ones I liked, so I won’t bore you by rehashing that old tale. The truth is, a fairly large number of people I have talked to over the years have had similar stories. Variety in pocket change is a great way to get the attention of new collectors. It also helps that the coins can be acquired with no risk. When you pull a coin out of circulation, you essentially sell it to yourself for face value. If you decide you don’t want it later on, you can still simply spend it and get back your investment. Continue reading →

Alloy recovery program keeps Canadians’ pocket change fresh

Coin sorting machines such as those owned by Coinstar, are at the front line of a program to remove older coins from circulation.

Thanks to a little-known program operated by the Royal Canadian Mint, Canadians may have the newest coins in their pockets at any time since Confederation. Called the alloy recovery program, it is system where older-composition coins are culled out of circulation and replaced with new versions. The old coins are mutilated and then melted for the value of the metal, mostly nickel for most coins. The program was instituted in 2004, shortly after the introduction of plated-steel coins. It was introduced for the recovery of coins from five cents through to 50 cents. While the older five-cent coins were struck in cupro-nickel, the other values were all solid nickel. The program also solved a problem for the vending industry, as the newer coins were slightly lighter than the old nickel pieces. That meant machines had to be calibrated with broader tolerance for differences in weight than normal. Continue reading →

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