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Niobium = Fail?

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Valued Member
Canada
110 Posts
 Posted 05/27/2013  8:19 pm  Show Profile   Bookmark this reply Add deal_with_singh to your friends list
I posted this in the June release thread...but the new niobiums are taxable despite the 99.99% Pure Silver.

Niobium-=-Fail?
New Member
Canada
14 Posts
 Posted 05/29/2013  7:35 pm  Show Profile   Bookmark this reply Add Cotterpin to your friends list
I like the coin, but it'll cost close to 161 dollars for me if it isn't tax free. I'll have to think about it some more.
Pillar of the Community
Canada
3690 Posts
 Posted 05/30/2013  12:24 am  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list
This coin just got even worse. It's 20 dollars more than the last niobium series, it comes in a clamshell rather than a 'wooden' display and there is no option for a subscription for the set. In fact, I don't even see how many coins will be issued in the series. (That is one of my new pet peeves with the mint lately - open ended series where they don't reveal how many coins are planned for the series so you can't calculate the total cost of collecting the whole series.)

It's also extremely bugly in my opinion. I would be shocked if they sell even half of the 6500 mintage.
Valued Member
Canada
60 Posts
 Posted 05/30/2013  02:44 am  Show Profile   Bookmark this reply Add NorthBayGuy1977 to your friends list

Space fishing
Valued Member
Canada
190 Posts
 Posted 05/30/2013  03:00 am  Show Profile   Bookmark this reply Add mikem to your friends list

Quote:
but the new niobiums are taxable despite the 99.99% Pure Silver.


The coin has to be 100% pure 99.99% silver to be tax exempt. These coins have a niobium center, so they are not 100% pure silver, and therefore taxable.

There is also an update on the Mint's web site saying there was an error describing the coin, and it is indeed taxable.
(...applicable taxes apply...)
Valued Member
Canada
330 Posts
 Posted 05/30/2013  07:54 am  Show Profile   Bookmark this reply Add SoulBrotherNo3 to your friends list
I agree, this coin is really not attractive at all.
The mint's pushing their limits with higher prices, worse product as CC-Ottawa pointed out, no wood case this time.
I also don't see them adjusting prices for the market value of their raw materials. Silver is down 30% plus in the last couple of months and no pass through to their clients........?
IMO they're getting close to the point of buyer backlash.
Lets see if they keep selling out product with this limit of 1 on so many items too.
Pillar of the Community
Canada
1528 Posts
 Posted 05/30/2013  09:02 am  Show Profile   Bookmark this reply Add Lostwords to your friends list
I like the moon coins as they are nice and simple. This one, I have a tough time seeing the two head. LoL
Pillar of the Community
Canada
3690 Posts
 Posted 06/04/2013  2:34 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list
interesting to see the differences between pics from the mint and colonial acres.

I think I like the pinker one better but suspect the coins will look more like the RCM photo.

RCM:
Niobium-=-Fail?
Colonial Acres:
Niobium-=-Fail?
Pillar of the Community
Canada
2124 Posts
 Posted 06/06/2013  7:39 pm  Show Profile   Bookmark this reply Add arianzo to your friends list

Quote:
CC-Ottawa Posted 05/30/2013 09:58 am
In the next few days, the Dinosaur will likely sell out, the Ag Allegory might sell out, the Loiusbourg could sell out but if the niobium does sell out, I'll eat my shorts. (not really - I'm not doing that.... again)


Well, one comment at the Mint site says:

"This is The Canadian mints Coin of the year Don't miss out on this one Best design and workman ship very fine detail The Mint is only selling 1 per customer if they sold them the way they use to they would sell out before the public would have a chance. Niobium is like Gold today it is a very scarce Product and expensive So don't let the price scare you This is a Great investment coin all around and should sell out quickly".
Pillar of the Community
Canada
814 Posts
 Posted 06/06/2013  7:40 pm  Show Profile   Bookmark this reply Add Solidifier to your friends list
i think I read on the other forum that the coin in hand is much darker than the picture shown on the RCM site
New Member
31 Posts
 Posted 06/06/2013  8:20 pm  Show Profile   Bookmark this reply Add Gwako to your friends list
I have a picture of it in hand will be posting it on the other forum shortly...
Pillar of the Community
Canada
3690 Posts
 Posted 06/06/2013  9:03 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list

Quote:
"This is The Canadian mints Coin of the year Don't miss out on this one Best design and workman ship very fine detail The Mint is only selling 1 per customer if they sold them the way they use to they would sell out before the public would have a chance. Niobium is like Gold today it is a very scarce Product and expensive So don't let the price scare you This is a Great investment coin all around and should sell out quickly".

lol. I'll trade you a pound of niobium for an ounce of gold. It's primarily an industrial metal. As for investment value of the new niobium coin; I'd simply point to the last series.

They'll let anyone comment on the RCM mint site as long as they hype the coins.

Quote:
I have a picture of it in hand will be posting it on the other forum shortly...

Why not just post it here too?
Edited by CC-Ottawa
06/06/2013 9:05 pm
Valued Member
Canada
457 Posts
 Posted 06/06/2013  11:27 pm  Show Profile   Bookmark this reply Add falcon to your friends list
I receive emails all the time from the mint asking me to write a review of the coins I've bought.
What a waste of my time ... if they aren't going to post my review why keep asking for it.
I guess if I want to see my name on their site I'm going to have to blow sunshine up their ...
Rest in Peace
Canada
1360 Posts
 Posted 06/07/2013  10:37 am  Show Profile   Bookmark this reply Add Dcadon to your friends list
Does anybody else see an Astronaut adrift in space, with a space fish at the end of an umbilical cord - surrounded by stars and/or planets?
Edited by Dcadon
06/07/2013 10:39 am
Pillar of the Community
Canada
2124 Posts
 Posted 06/11/2013  7:04 pm  Show Profile   Bookmark this reply Add arianzo to your friends list
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