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Topic: RCM has gone off the deep end  (Read 2864 times)
Seth
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« on: April 14, 2012, 12:43:18 pm »

For years now I have thought that the RCM has been crazy in the numbers and nature of "collectible" coins it churns out.

How much longer before we get, oh, I don't know, glow-in-the-dark dinosaur quarters?

Oh. Now.  ???  http://www.mint.ca/store/coin/dinosaur-25cent-coloured-glowinthedark-coin-2012-prod1290004

Track your Canadian currency online!

http://www.whereswilly.com
venga50
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« Reply #1 on: April 14, 2012, 01:59:10 pm »

Lovely.  That's just what I need -- a coin in my pocket that will give me testicular cancer from the photo-luminescent coating.

gus5pin
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« Reply #2 on: April 14, 2012, 04:04:55 pm »

and that's why I stopped collecting coins 15 years ago. The RCM is just as bad as Upper Deck and their hockey cards with subsets of sets and subsets of subsets. Who needs a gazillion different quarters.......ah yes the RMC!

JohnnyG5
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« Reply #3 on: April 18, 2012, 05:36:34 pm »

Yup... Off the deep end!!! Long gone are the days of Thomas Shingles!!! But I guess you have to keep the engravers busy somehow...

John

Paper Money is Art!
Skylark
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« Reply #4 on: April 18, 2012, 11:29:29 pm »

If only a little bit (ok, eensy weensy bit) rubbed off onto the banknotes.

I collect banknotes depicting Tallships. And to a lesser degree, all watercrafts.
JohnnyG5
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« Reply #5 on: April 20, 2012, 02:46:13 pm »

I'd love to see an appropriate commemorative note from BoC. But I can't see the government in their current hack and slash mode approving of the idea. 

Toews in the news conference on the closure of two prisons said: "The changes will occur over the next two years and will save $120 million a year, by eliminating costs of running the buildings themselves, said Toews." Source: http://www.thestar.com/news/canada/politics/article/1164288--kingston-penitentiary-infamous-prison-to-be-shut-down?bn=1.

Assuming that there's no volume discount for printing the polymers and each note does indeed cost 20 cents, the batch of new $100 would cost (.2 * 23 * 10000000) or 46,000,000. Does the government really write a check for $46,000,000 to CBN??? Maybe it's based on deliveries so the payments are received over time - helps with cash flow! :-D.

Remember the numbers for the commemorative 1967 one dollar note. 12000000 printed, plus the regular serial numbered notes. The birds/journey matched serial number sets, 50000 of each. I guess there has to be sufficient numbers to justify the press time.

If there were just one prefix for a commemorative on polymer, that's (.2 * 10000000) or $2,000,000.  Could you imagine the backlash from the media, special interest groups, or the general population (bank note collectors excluded) if they found out the two million was spent on a commemorative note. The headline: $2 million on commemorative note that could have been put toward prisons (or whatever the government just hacked to ribbons).

Guess I'm just being a wet blanket...

John

Paper Money is Art!
Witchdoctor
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« Reply #6 on: May 10, 2012, 11:36:25 am »

I can see it now.   It's 2022, and the BOC has just announced that they will be releasing for curculation next year, a 25 cent bill commerating the 100'th anniversary of the last shinplaster that was released in 1923.....

I can still dream can't I????
Dean
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« Reply #7 on: May 10, 2012, 06:08:46 pm »

I can see it now.   It's 2022, and the BOC has just announced that they will be releasing for curculation next year, a 25 cent bill commerating the 100'th anniversary of the last shinplaster that was released in 1923.....

I can still dream can't I????

At least it's a nice round numbered anniversary, not like these obscure anniversaries like "the 90th anniversary of the striking of the first coins" in 1998.

JB-2007
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« Reply #8 on: May 10, 2012, 09:34:30 pm »

Maybe in 5 years the Bank of Canada will issue a commerative note to celebrate Canada's 150th birthday. Who knows? Maybe a 2017 150$ bill limited edition.  :D
canada
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« Reply #9 on: December 26, 2014, 08:10:05 pm »

This place is being run as a corporation.  The CEO has bonus incentives based on sales which is why they're pushing silly 'rare' and 'collectible' items.  Quantity over quality takes presidence.  I personally have never bought any thing from them because everything is over priced.  Bullion from their store is an excellent example of how overpriced they are.
 

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