Three Unique Differences in Canadian Coin Collecting
The hobby of coin collecting is basically the same no matter what country you reside in or what the nationality of the coins are that you are collecting. The basics of coin collecting include buying what interests you and what is affordable. Purchased coins can have a sentimental value based on the minted year that corresponds to the meaningful year in your life. Or, in the case of Canadian history, the coins may be a commemorative set surrounding an historic event, such as honoring the queen or the Silver Canadian Maple Leaf.
However, there are some specific considerations for those involved in Canadian coin collecting. Those specific items include resources available, the history of minting in Canada, and current minting practices.
Resources
Resources that can prove to be invaluable for Canadian coin collecting are standard reference catalogues. One such catalogue is entitled The Charlton Standard Catalogue of Canadian Coins. This catalog offers a fairly comprehensive list of currency minted in Canada and will aid in determining the value of your coin collection.
History of Minting in Canada
When involved in Canadian coin collecting, it is important to understand the history of minting currency in Canada. One important fact is that Canadian coins, ranging between a dime and a dollar, when minted before 1968 were comprised with a silver consistency that ranged between 50% and 92%. In effect, these coins, based on the silver mixture, are worth more than their face value. Additional factors that may increase their worth would be the condition of the coins themselves.
Additionally, it is important, when collecting Canadian coins, to know what metals have been used in creating Canadian coins. For instance, some older nickels were made of plated steel and then progressed to a non-iron coin made of a combination alloy consisting of copper and nickel.
Canadian coin collecting also consists of knowing if coins were minted in limited quantities. Interestingly, in 1991, only 459 thousand $.25 coins were minted. This is unusual in that generally the number minted is closer to 100 million. Similarly, in 1973 there were a small number of $.25 coins minted, as well as $.10 coins in 1969.
Minting Practices in Canada
Canadian coin collecting also requires knowledge of minting procedures. In Canada it is important to check both sides of the coin. Frequently, the RCM, Royal Canadian Mint, impresses the date on either the Queen side of the coin or additionally on the Queen side of the coin.
When collecting Canadian coins you will sometimes find the letter P on the coin. This letter stands for planchets. These coins, less than a dollar in value, were converted to plated steel planchets, which is defined as a metal disc to be stamped as a coin. These coins produced varied in weight from other circulated coins. This variance in weight resulted in a challenge for the vending machine industry. Subsequently, the vending machine industry requested a special designation which allowed for them to adjust their machines accordingly. Hence the letter P was selected.
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Coin Collecting Home
Collecting American Coins
Starting in American Coin Collecting
Ancient Coins: An Amazing History Lesson
Ancient Coin Collecting: A Look Into Times Past
Pirate’s Treasure and Antique Coins
British Coin Collecting – A Feel of Nostalgia
Seven Canadian Coins Every Collector Should Own
Three Unique Differences in Canadian Coin Collecting
Where to Get a Coin Appraisal
Three Advantages to Coin Collecting For Kids
Coin and Currency Collecting – An Overview
Bidding in an Online Coin Auction
Three Levels of Coin Collecting
What Coin Collecting Accessories Are There?
Coin Collecting Album: Show Off Your Collection
Protecting Your Investment with Coin Collecting Cases
Coins from Coin Collecting Dealer
Coin Collecting Folder: Preserve Your Valuable Collection
Little Collections: Coin Collecting for Children
Coin Collecting Hobby – A Commemorating Passion
Coin Collecting Information Unfolds the Hidden History
Resources in Determining Coin Collecting Prices
How to Start a Coin Collection
What Kind of Coin Collector are You?
Coin Prices Are Not Coin Values
Determining Coin Value
Origin of Coins and Numismatists
What Makes a Collectible Coin?
Commemorative Coins to Add to Your Collection
Foreign Coin Collecting: A Hobby Spanning The Entire World
Gold Coin Collecting as a Financial Investment
Gold Coins Through Time
Old Coin Prices: How Much Should You Pay?
Protecting Old Coin Values
Old Coins of Ancient Greece
Buying a Rare Coin
Rare Coin Collecting: Is It For Everyone?
Don’t be Fooled by Counterfeit Roman Coins
Cleaning Your Silver Coins
Check Your Pocket Change for Valuable Coins
Three Unique Differences in Canadian Coin Collecting
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