The Canadian Mint will has been circulating 14 commemorative Olympic coins, between 2007 and 2010, to celebrate the 2010 Winter Olympic and Paralympic Games in Vancouver and Whistler, British Columbia.

Twelve different quarters were release in 2007, 2008, and 2009. There are also two new loonies in circulation by 2010. The mint also being giving away free collector cards to place your quarters in and commercials on TV encouraging Canadians to collect these quarters.

Are these coins really worth collecting? Will they be more valuable in the future?

Always collect what your like. If you like collecting coins and they give you enjoyment looking at them or showing them off then by all means collect them. Try to find the coins that show the least signs of circulation.

If you are collecting for profit. It is definitely not worth hanging on to these olympic quarters or any commemorative coins release by the mint for circulation.

The first set of commemorative quarters released were the 1992 provincial coins. The catalog value for these 18 years later is $0.75 each. On eBay a complete uncirculated set sells for $8.50, or $0.70 per coin. Selling these coins to a dealer would net you 50% of the catalog value assuming that the market does not get flooded with all those collected quarters. $40 million dollars of 1992 were released.

You would have made more money in the bank. $0.25 at 4% compound interest after 18 years would be $0.51.

Alberta - Released 1992-06-04 - Quantity Minted 12,133,000
British Columbia - Released 1992-11-09 - Quantity 14,001,000
Manitoba - Released 1992-04-07 - Quantity Minted 11,349,000
New Brunswick - Released 1992-01-09 - Quantity Minted 12,174,000
Newfoundland and Labrador - Released 1992-03-05 - Quantity Minted 11,405,000
Northwest Territories - Released 1992-02-06 - Quantity Minted 12,580,000
Nova Scotia - Released 1992-09-09 - Quantity Minted 13,600,000
Ontario - Released 1992-08-06 - Quantity Minted 14,263,000
Prince Edward Island - Released 1992-07-07 - Quantity Minted 13,001,000
Quebec - Released 1992-10-01 - Quantity Minted 13,607,000
Saskatchewan - Released 1992-11-05 - Quantity Minted 14,165,000
Yukon - Released 1992-05-07 - Quantity Minted 10,388,000

The market for the olympic quarters would be much worse because $70 million worth of quarters were released.

That being said there are certain error commerative coins which are definitely worth collecting. During the minting of these coins the Royal Canadian Mint made mistakes. These are worth a lot more than face value. This is because unlike the millions of "collectible" quarters that were release the quantity of these errors is estimated in the hundreds or less.

1992 Provinces

1992 New Brunswick - 180 degree rotation - $90-$125
1992 New Brunswick - 90 degree rotation - $50-$125
1992 NWT - 90 degree rotation - $90-$135
1992 Saskatchewan - 180 degree rotation - Very Rare Only One Known
2000 P Caribou - Very Rare Only Two Known
2000 P Community - $10,000-$15,000
2000 Map - No date (mule) - $300-$450
2007 Wheelchair - No logo (mule) - $400-$800 (PetroCanada Collectible Set Only)
2008 Alpine Skiing - No date (mule) - $25-$50 (RCM Collectible Set Only)
2009 Olympic Men's Hockey - Colour with Raised 2 - $8-$12

3 comments

  1. Tom // May 6, 2011 at 10:34 PM  

    I collect the coins, but strictly for interest's sake. I think it will be interesting to look back in a few years and see what was being circulated. However, the very fact that they are designed to be collected makes them worth nothing more than face value.

  2. Anonymous // June 26, 2011 at 11:43 PM  

    TOM, Sorry to say but you are wrong, the Olympic coins are already worth much more than face value. On average the book value of the Olympic coins in mint state 65 are $25 a piece. The mistake coins are at an extreme premium and always will be as there are many collectors that search out these coins particularly. The coloured Olympic coins in mint state 65 are priced @ $40 a piece. As mint state coins of this series become more and more scarce over the years due to ppl breaking up sets because they think these coins are only worth face value & putting them back into circulation to be scuffed and scrapped and damaged, the value of these coins can only increase. - Paul D

  3. Anonymous // July 24, 2011 at 6:23 PM  

    I agree. ^