Ontario Community Newspapers

Weston Times (1966), 8 Sep 1966, p. 9

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Coin Collecting Now At The Point To Be A Solid Investment Medium yroundings and in the higher levels provides the ‘collector and investor the same service and atmosphere as the brokerage offices. . ated by Mr. Ashton in the King Edward Hotel. There is no limit to the amount one may invest, says Mr. Ashton, and getting started, whether as a collector or investor does not require a fat bank roll. the amount one may invest, says|cities, his hobby grew to a part Mr. Ashton, and getting started,|time business, and finally he left whether as a collector or investor his profession of tool engineering does not require a fat bank roll. |to make his living as a full time Canadian coin collectors have inâ€"| coin dealer. "The Coin Lounge", as ereased from about 20,000 in early|the name implies, is a modern 1960 to over 2,000,000 toâ€"day. It|suite that offers the coin collector has also been estimated that there|and investor a relaxed atmosphere are about 20,000,000 coin collectors|to examine coins or to check marâ€" and investors in the United States.\ket prices from all over North All this is not a passing fancy,| America. Mr, Ashton has two but a very large and serious busiâ€"|teletypes operating, connecting all mess, that continues to grow week|major cities in Canada, and a numâ€" by week. Even the publications on|ber in the United States. Coins coins have developed with the|are being bought and sold from growth of the business, such as|dealer to dealer, and the supply "Coin World" in the United States| and demand is what sets the prices. with & cireulation of about 200,000|It is not unusual for hundreds of on a weekly basis, and the bible|thousands of dollars worth of maâ€" of the Canadian coin collectors,|terial to be traded on these maâ€" "Canada Coin News", a 48â€"page|chines in a day. "The Coin Lounge" newspaper published every two\also has a mail order business that weeks and with a circulation of|stems from advertisements in maâ€" about 50,000. It is sold all over|jor coin publications and newsâ€" North America and is growing in|papers in cities all over Canada popularity as each edition comes| and the United States. The orders out. The general public is also|come in from such farâ€"way places coming to realize how eoin colâ€"\as Alaska, California, Florids, lecting has taken hold, particularly| Texas, British Columbia, and even DISPLAY CASEâ€"This is one of several display cases showing the various coins on sale at the Coin Lounge owned by former Mimico resident Jack Ashton. This would be The promotion of J. Harold Coo to the position of Senior Personnel Officer, Engineering Branch, Design and Construction Division at Head Office has just been announced. (He is a resident of Etobicoke townâ€" ship). _ â€" m â€" Harold Coo Promoted To Senior Personnel Officer Mr. Coo has been the Personnel Officer for Central Region since Such an establishment is operâ€" December, 1963. During that time he has made an outstanding conâ€" tribution to the Region, World War II interrupted Harâ€" old Coo‘s intended career in pharâ€" macy and be never returned to it. He served for five years with the RCAF as a navigator in the coastal command service, much of the time in the Far East. Born in Toronto and raised in Mimico, Harold '(:1 was educated at St. Leo‘s Separate School and Mimico High School. He was BANQUET ROOMS AVAILABLE RESERVE NOW! Phone BE 3â€"8880 \27' Specializing in: TENDER SIRLOIN STEAKS and SEA FOOD Reservations Accepted for Large or Small Groups! BUFFET LUNCH s1.25 FINEST RESTAURANT ETOBICOKE‘S which he bought then very cheaply grew in value many times over by the simple law of supply and deâ€" mand. Mr. Ashton is a member of many coin clubs both here and in the United States. Travelling on weekends to coin shows in many employed as a summer Branch when he was attending the University of Toronto in 1946. Because Harold Coo enjoyed the work, this mainly influenced his decision to join Hydro the next year on graduation from university in the Spring of 1947, with a B.A. degree. Harold Coo‘s first position was in the Personnel Branch at Head Office. However, in September, 1947, he was transferred to Stewâ€" arteville Generating Station conâ€" struction project, which was the beginning of a series of transfers that eventually brought Mr. Coo to Central Region, succeeding Dunâ€" cam Chamney, who retired at the end of 1963. After the Lakeview Generating Station project was started Harold Coo was transferred to the Conâ€" struction Division on that project as Personnel Officer. He remained in that position until November 1, 1963, when he was transferred to Central Region as the Regional Personnel Officer. Harold is married to a nurse, the former Margaret Suckie, a native of Manitoba. Mrs. Coo trainâ€" ed at St. Joseph‘s Hospital and graduated from that hospital as a registered nurse. Interested in Air Force veterans‘ affairs, Mr. Coo is a member of the 437 wing of the Air Foree Association, which meets at the Hunt Club. An ardent sports fan, Harold Coo enjoys golfing in the Summer and curling in the Winter. As a youth he played basketball and football for Mimico High School. With a wide grin, ‘he proudly admits that one good example where the old adage “mt;ney, money everywhere", could well apply. student by ‘mvummw nyd-hh.-lhi:.,huplhl "I work an average of 12 hours a day seven days a week, and have travelled further than ever before in my life, but the main enjoyment is in knowing that it is my own business. Success or failure rests on no one‘s shoulders but my own. In the short time that I have been operating, I have made many misâ€" takes and have learned many things the hard way, but this can only lead to future success. My children started their own coin colâ€" lections, and I think that collecting people and to making many new friends. I also think that the day is not far off when coin prices will be listed daily as stocks and bonds are now, because the amount of money invested in this business runs into many millions of dollars, and will continue to grow. Coins have a builtâ€"in safety factor, that is, that properly chosen items will have a low enough mintage or availability factor that wild price fluctuations up or down are almost impossible. This safety factor does not exist in the speculative stock market. Also, the quantity of coins avajlable, particularly the scarcer ones, drops each year because of fires and other accidental happenâ€" ings. In addition, Canadian coins are very underpriced when comâ€" pared to United States coins, which means that the Canadian collectors and investors are in for a very profitable future as the Americans become even more interested in our coinage." HOW TO GET THERE! Marking 20 years with the oil industry, E. H. Sievert, CA., of Etobicoke, was recently presented with an emerald emblem by C. F. Patch, manager, products supply, Shell Canada Limited.. The award was made at a special luncheon attended by a number of Mr. Sievert‘s fellow employees. Mr. Sievert, a native of Toronto, began his career in 1946 on the E. H. Sievert Honoured By Shell Oil Co. audit staff of Canadian Oil Comâ€" panies, Ltd. _ After working in various departments of the comâ€" pany, he was appointed Assistant Manager, Transportation and Supâ€" plies in 1961. In 1962, following Shell Canada‘s acquision of Canaâ€" dian Oil. Mr. Sievert joined Shell‘s product supply division. & based in London, England, with the Salvation Army Canadian War Serâ€" vices as Chief Overseas Auditor and Accountant. Mr. Sievert, his wife, Marion, and their three children live at 55 Glenâ€" ellen Drive East. Bryan, 19, has graduated from Royal York Collegiâ€" ate and will be entering university this fall. Lynda, 17, and Suzanne, 13, are students at Royal York Collegiate. Mr. Sievert and his wife are memâ€" bers of the Boulevard Club, where they are active in curling and lawn bowling. ; he is "a great Argo fan". Mr. Coo and his wife, Margaret, reside at 290 The Kingsway in Islington. During the war, Mr. Sievert was and enjoyable hobby P M t ppRpmâ€" zs $ ME ohine Mbiipcan se HEALTH and BEAUTY DEPT. 11 ounce GILLETTE FOAMY Shaving Cream For Smooth Shaving 79.« ALBION® MALL SHOPPING CENTRE HOURS â€" OPEN DAILY Kipling Ave. North & Albion Rd. 10 A.M. TO 10 P.M. 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