Coin Collecting

Coins and Paper Money -> Coins: Canada -> Commemorative

Whether you are from Canada, or just interested in collecting Canadian coins, there are plenty of options out there and many of these coins are actually quite valuable. Before you get started with your collection, it’s a good idea to know what is out there and which coins will be the best investment. Here’s a quick guide to Canadian coins to get you started.

1. Gold and Platinum Coins

By far, the most valuable Canadian coins are the ones that are made from platinum or gold. You’ll find many commemorative coins made of these materials and some are worth more than the actual face value of the coin. If you’re looking for a solid investment with a history of growth, these coins are a great option. While not all are incredibly valuable, the majority will be worth at the very least their face value.

2. Loonies and Twoonies

Loonies are a very popular Canadian coin, so called due to the design on the coin. This is a dollar coin and it can be a bit harder to find the older ones. If you happen across a Loonie, it’s a great idea to keep it since it may be worth quite a lot of money. Twoonies are also popular and this is a two dollar coin that is a real collector’s item. Not many people actually use these, so it is possible to get your hands on one that has not been circulated.

3. Province Coins

Just like the US and the state quarters, there are province specific Canadian coins that are very valuable. It’s a lot of fun to see if you can get all the provinces and this is also a fun hobby for kids that combines geography with stamp collecting. The commemorative ones are going to be the most valuable in these coins, but there is still a lot of demand for these on the market.

4. Collections, Lots

If you want a jump start towards building your collection of Canadian coins, one of the best ways to do that is to get an entire collection in one fell swoop. You can usually find these at auction and in many cases, there will be at least one or two very rare stamps in the collection. Even if you already have a large personal collection, this is usually a very economical way to add to and even discover some new stamps along the way.

5. Proof Sets

These are probably the rarest and hardest to find in Canadian coins, but if you do come across a proof, you can almost guarantee that it will be worth quite a bit of money. These are the proofs that are used when they are minting coins, and there are many antique ones that are very popular right now.

No matter what kind of Canadian coins you are interested in collecting, you can find them at auction, online and even from private dealers. Give collecting these coins a try and see what rare finds you can come across.

Originally posted 2008-09-23 05:00:22. Republished by Blog Post Promoter

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The unique thing about coin collections is that there is a myriad of different ways to start a coin collection, and you can collect a wide variety of different coins or a small variety of very special coins depending on your interest. One of the options for coin collecting that you may want to consider if you enjoy unique coins is the art of collecting proof coins and uncirculated coins, which are coins that are not or have never been in actual use as currency in this country or any other country in the world for that matter. If the idea of proof coins and uncirculated coins seems worthwhile to you, the following information will prove useful.

There are a number of coins out there that never ended up being placed in circulation to be used for the purpose of commerce. This coin grade never had any wear or any defects meaning that these coins can be close to mint in condition. If you store these coins improperly, however, they can be worn and will no longer be in perfect condition any longer. Even if the wear is quite minor in nature, it will not allow the coin to have an “uncirculated” grade any longer.

When coins are first produced at the mint, they are placed into large canvas bags so that they can be transported. During the handling and transport phase, they can receive some small nicks and marks from rubbing and bumping along one another in the bags, and these marks are specifically known as bag marks. Bag marks tend to appear much more noticeable when the coin is larger in sized, such as a dollar or a half dollar coin. Typical bag marks will not prevent a coin from keeping the uncirculated grade. Light bag marks will not keep a coin from being considered to be uncirculated, but they may change the value that the coin receives if they are more noticeable bag marks.

Uncirculated coins are also capable of showing spotting, tarnish and discoloration while still maintaining the uncirculated grade when it comes to coin conditions. You should never clean a coin that has become tarnished as many methods of cleaning are actually capable of causing further wear on a coin, and this wear will upset the “uncirculated” grade of the coin.

There are also coins known as proof coins that were minted with the use of highly polished dies and never saw the light of day in terms of circulation. Just like with uncirculated coins, these proof coins are capable of experiencing darkening or tarnishing. Because labor and production costs went into producing proof coins beyond average coins, the mints that produce them quite often will sell them at a higher premium price, and often in much more limited numbers as well.

Photo Credits: Adamcha

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