My two new babies

My start in numismatics began long before computers, let alone crypto, when a child. My collecting began with pennies yet eventually branched out to include even paper. My favourite purchase is a precious metal coin that is almost the same collection value as the precious metal it contains. Such coins provide a nice hedge in my opinion. The fact is that if the price of the precious metal outperforms the collectable value that many dealers will melt them down. Of course such a practice only will increase the collectable value over time due to greater scarcity.

Such coins are harder to find yet a good prospect came my way on my last visit to my favourite local shop.

They are from the ninth issue of the Royal Canadian Mint's 1/25 ounce pure gold coin featuring the Bluenose, an historic fishing and racing schooner launched at Lunenburg, Nova Scotia on March 26, 1921. In October of that year Bluenose won her first of many International Fishermen's Trophy series of races. Almost immediately, the ship became an important symbol of excellence in ship design, shipbuilding and seamanship for Nova Scotians and, eventually, for all Canadians.

Bluenose went on to serve actively as a fishing vessel. Her designer, William J. Roué, and her stalward crew, under Captain Angus Walters, became known and admired around the world. When the global economy faced stormy waters in the 1930's, Bluenose increasingly served as a cultural and tourism promotional vessel. Although Canadians lobbied strongly to preserve the ship as a national symbol, Bluenose was sold in 1942 and worked as a freighter in the Caribbean. On January 28, 1946, the ship was lost off the coast of Haiti. A replica, Bluenose II, was launched in 1963 and gifted to the government of Nova Scotia in 1971. Bluenose is featured on Canada's ten cent coin.

• Source : Canadian Mint

Should the price of gold increase by about 1/3 then the gold value in the coin will match its present collectable value.

The store owner is said to have more of them at home. My plan is to get as many of them as possible.