My LCS Pirate Haul for July 2022 – 2009 Canada $8 Maple of Wisdom
“Black birds tend to like shiny and maybe a bit sparkly things” ~ The Bloody Raven
Every time I plan a trip to my favorite Local Coin Store (LCS) I keep a few objectives in mind; the primary objective is to acquire at least one sovereign minted silver bullion coin to add to my core stack as the ongoing part of my Stacking plan. Secondary objective; is to acquire a minimum of two dollars face value of junk silver in prepping for emergency commerce. And my tertiary objective is to indulge on a coin that lights my fire, something that expresses my collecting style or resonates with my cultural heritage which brings me to this gorgeous coin.
First, the Star Coin of this Post.
As some of you may know that I have Chinese roots through my grandmothers side of the family tree so I have been exploring that aspect embracing those cultural roots in my collecting and stacking activities.
2008 saw the Royal Canadian Mint produced a plethora of Chinese dragon themed coins and this 2009 $8 coin seemed an after though for 2009. This coin was actually issued 2010. The big red Swarovski element crystal is the eye catcher dead center on the reverse requiring a High Relief capsule to accommodate the crystal. The hologram Maple is clutched by the dragon in place of a pearl as in the original myth. The pearl represents wisdom, a virtue of great value and guarded by the dragon, hence the Maple of Wisdom.
Primary Objective, for my core Stack
Though I have grossly overpaid in the premium I had to chip away at my under-weighing of my US Silver component. I've only bought 2 coins out the shop's fresh Silver eagle stock.
Having long completed my Core goal I just tweak here and there. My core Stacking continues for extended family until wake up to reality, my distant US Cousins can thank me later.
Secondary objective, Emergency Commerce money
I expected to pickup 30 silver Bluenose dimes. The coin dealer was apologetic having sold off all his silver dimes as a consequence of the recent steep drop in silver price. What was left were some quarters and the dollars that had an extra $1 premium above other junk silver.
Now with that objective out of the way, I am left with enough fiat cash to get the next numismatic piece of history.
The Bonus Silver Coin
Quite plain looking, but this little coin is a filler for an incomplete set of Newfoundland coins back in day, before 1949, when this province was an independent country. A coin set that my father has never completed in his collecting days. Just the basic Pre-confederation set rather than the whole 140 in total.
An interesting footnote is the economic and political turmoil caused by Newfoundland’s two major banks, the Commercial and Union Banks in 1894. With the Newfoundland government in debt, it was helpless in addressing the economic woes among the growing ranks of unemployed and business closures. The Bank directors were arrested on conspiracy and larceny charges, $1.2 million in banknotes became worthless. 6,000 people in the city of St. Johns alone were unemployed.
Private savings and business accounts saw big cuts in value. Even England could no longer extend credit to Newfoundland since it no longer had a stable currency and as expected Newfoundland defaulted on the interest payment on it’s public debt.
With relief coming in the form of Canadian chartered banks intervening, prudent capital financing, and following a good season of fishing and seal hunting the economic damage was on it’s way to restoration.
A result was that very little Newfoundland coinage flowed outside this coastal country as her citizens hoarded their silver and gold coinage. For the following decades most people had little trust in their paper currency.
Alas, my LCS visit has again emptied my wallet of fiat cash except for my parking change and so my post must come to a happy close.
If you had read this Collapse of the Newfoundland Commercial and Union Banks in 1894 link or any of other past bank failures, do you think that our banks have learned their lesson?
Thank you for coming aboard my post today.
Stacking Silver and Hive for that rainy day, are you?”
The #piratesunday tag is the scurvy scheme of Captain @stokjockey for #silvergoldstackers pirates to proudly showcase their shiny booty and plunder for all to see. Landlubbers arrrh… welcomed to participate and be a Pirate at heart so open yer treasure chests an’ show us what booty yea got!
Other Related Canadiana Posts 🍁
1967 Centennial of Confederation silver coin set
2016 Canada $8 & 1958 Silver Dollar
2018 Canada $5 Lucky Dragon & 1949 Silver Dollar
2015 Canada $8, 2020 $10 & 1964 Silver dollar
2006 Cook Island $1 & 1935 Canada Silver Dollar
References
Sources
Heritage; Newfoundland & Labrador 1894 Bank Crash
Numista; 2009 Canada 8 Dollars Maple of Wisdom
Numista; 2010 & 2011 USA One Dollar American Silver Eagle
Numista; 1965 & 1966 Canada Dollar Voyager
Numista; 1960s Canada 25 Cent Caribou
Numista; 1888 Newfoundland 20 Cent
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One thing I guess noticed is that our generation actually prefer silver coin much more than gold coin
Gold is obviously more costly than silver and at the same time silver coin is much more available, affordable and advantageous in different forms, designs and denominations.
Then again, there hasn't been such an enormous variety of silver product available in the market before either.
Thanks for commenting first @temileke
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Nice haul and great editorial!
The failure of Newfoundland's Commercial and Union banks coupled with government debt is another example of the superiority of gold and silver coin over fiat banknotes. The bank's directors were covering up losses and poor management decisions for some time leading up to the collapse.
Sound familiar?
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Good post and beautiful silver coins
Thanks for sharing
Welcome to my blog @penyaircyber where I share the my pirate treasure originally built by my great grandfather, father and finally myself. And like my parents before me, I believe that silver and gold is a proven immutable form of wealth intertwined in history and art. And Crypto, being the new kid on the block.
A great selection of coins. I like the Chinese Dragon with hologram, it's so unique !
I knew you would. This piece was designed for the Chinese market hence the reason for the late issue as I think a portion of these coins were set aside for Chinese officials that came to the 2010 Vancouver Olympic winter games and Vancouver having a large Chinese community. The original issue price was $88.88 CAD.
It would suit your name.
Thanks for comment @olympicdragon
The first one is quite a thing to keep in the collection, yours looks PRF65 absolute.
20 Cents 1888 is nice coin and sturdy coin in your possesion, H stands for Heaton's Mint, UK. Congrats for completing Newfoundland collection.
haha, I had hard time finding E Pluribus Unum on the right wing of the Eagle, first I thought did they miss it engraving those Latin word. Nah! clever.
Great to see these new beauties in your collection.
I knew I should have took the Eagles out of their capsules before I took the snap shot. I was in a rush to get this post up and ready for today but that was being lazy and sloppiness on my part. Taking short cuts.
The Eagle would worth more as a 'Mottoless' Strike error if that were true. But realistically impossible to happen without deliberate actions.
Thanks again for dropping in @emaxisonline
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😏😁 Yep, this is quite interesting that an error makes a coin so valuable and unique, it gives the coin a special rarity.
Thanks
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Thanks again for shining the treasure, Kerris L Ravenhill - @kerrislravenhill. Yes, Citizens don't have any idea, what a gamble, paper fiat currency and banking is and was.
I wish that this LCS was much closer to where I live. 😞
At least Newfoundland crutched on Canadian currency while things got hammered out. Zimbabwe used the South African Rand and other adjacent currencies to function for example. But when the US dollar does the same there will be no place to take cover when everything is denominated in the USD. Its time for the average Joe to wake up.
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The coins shared are really nice and beautiful
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Thank you for dropping in @emeka4
I Love #PirateSunday and Splinterlands............
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You hit a trifecta Kerris. Very nice looking proof coin but not my style at all. Eagles the premiums suck still or I’d be finishing up my monster box. Junk silver is just that to me, but it has weight. Nice bonus coin.👍
Absolutely, the perfect add to my collection stack. You know me, reds my secondary color after black. Besides, every pirate gal has to have some sparkly in her chest.
If it weren't for the insane premiums I would have pulled out my check book and bought the store's remaining stack of ASE's before @thedamus beats me to it.
Thanks for visiting @silverd510
That dragon coin looks amazing and the crystal is a very nice edition, thanks for sharing I was tempted at getting a Canadian coins similar to this one on my last visit to the local coin shop
This Dragon coin certainly suits me.
Getting more Voyager silver dollars?
I would prefer the silver Bluenose 10 Cents but these two big coins were practically uncirculated and so shiny that I bought them since this shop was located beyond my range and I can't visit as often as I would like.
Thanks for the comment @bitcoinman
I need to get at least one , next time I order from coins unlimited I'll add a silver one I only got a couple non silver voyagers
OMG that dragon with the ruby-looking crystal is GORGEOUS!!! Your pirate treasure is a hoard to be proud of, for sure.
I haven't found any Chinese dragon story about a Dragon taking a young Chinese prince for a flight over his future kingdom, Maybe I will just have to make it up. Perhaps a red princess that turned pirate instead!
Wow, thanks for the tip @katrina-ariel 🔥🐲
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YES! Now that sounds like a story. 😁
Epic finds: 2009 Canada 8 Dollars Maple of Wisdom (and with a big red Swarovski element crystal!!!)2010 & 2011 USA One Dollar American Silver Eagle, 1965 & 1966 Canada Dollar Voyager, and WOW a 1888 Newfoundland 20 Cent!!!
I never thought you're a Swarovski kindda of a gal, hehehe!
Hugs and kisses, sis
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And reds my color after black.
Every pirate gal has to have a few pretty gems in her pirate chest even a Swarovski.
1888 Newfoundland 20 Cent? Just a coincidence! He he!
Always, with love 🤗🌺❤️
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Pearls... black pearls!
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It looks like you met your shopping goals all in one trip! Fantastic, and some lovely silver pieces you have obtained, indeed! Thank you for sharing and for the details behind the coins. Take care sis! With love,🤗💜😘🌼
I don't get to this Coin shop often enough requiring the better part of the day so I have to make the best of my time. I was worth the time talking to and getting to know the dealer who gave me the story of the collapse of the Newfoundland banks in 1894. History lesson from a coin dealer.
Thanks Sis, stay cool 😎
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You are welcome!🤗💜🌼
That is crazy sexy omg.
Lol! This must be the adult version of Mulan, ain't no Disney flick.
Thanks for chiming in @enginewitty 🐉
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Hahaha all the money left your pocket except the parking money, that’s a good thing in the long run and the process of getting the collection finished is the main goal. As I understand you are further along than your dad?
I bought a princes Diana coin maybe o should do a blog about it. And yes I am ready for pud. The helper nee and a blog about it but first work is calling
Happy Monday !
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This elegant piece of music is playing in my headset just as I was replying to your comment.
My father worked as a cook working almost full time not as well as my Mom's income so she became the main bread winner. I spent more time with my father as a result and I became closer to him than my Mom even if he couldn't sew if his life depended on it. But I learned cooking fine and he often shared his interest in coins that he got from his grandfather.
To me it was all the treasure in the world when I put on the little pirate hat and sit next to him and played with the silver dollars. While his income didn't afford him much in new additions often he got what he could afford.
Every time I add to his unfinished collection I feel that a part of him is still here among the coins and memories with me approving my new coin purchase and remembering his stories.
I got 101 Hive set aside for #hpud, I may not have enough free time to do a post but I can still participate.
Do share your Princess Diana coin,and perhaps your thoughts on it. Thanks for visiting @brittandjosie ❤️
I decided I will. I love the coin just not a real collector like you and silversaver888 so I have to do some research , so 101 is super I hope you will win a price or something
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I see that APMEX just Released this NEW Pirate Coin this Morning. I know a couple of Stackers that this SHIP Coin will appeal too..... 2022 Tuvalu 1 oz Silver Black Flag (The Rising Sun)
Already done!☠️
You little Pirate You
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Arrrh! What a fine shiny plunder!
PD
Aye, yea know me stacking style!
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Those are beautiful. What is a high relief capsule? Just a thicker coin casing?
It's difficult to see from the edge while in the capsule but the gem adds another 3mm thickness above the surface of this coin's reverse. A deeper non-standard capsule had to made to accommodate the added depth by the gem, higher relief.
A coin of this quality I dare not remove it from it's protective capsule.
Thanks for commenting @fromthebeginning
Okay, so which coins can you remove? I have taken all of mine out and felt them, flipped them, etc. I keep them in the cases they came in but I didn't realize there was a problem with taking some out. I will be more careful in the future. I have a yin yang coin that I carry in my pocket sometimes but it was given as a gift to carry and keep me grounded. It was blemished when I got it.