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 Replies: 23 / Views: 3,866 |
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Pillar of the Community
 Canada
3733 Posts |
does anyone know if they still make the dies by hand engraving, or is all done by computer drivin lasers, then just touched up by hand.
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Pillar of the Community
Canada
867 Posts |
Libertad, you're making way too much sense. Better take a breather...  I can only hope that the RCM pays attention to constructive suggestions like the ones you are proposing. Also to stay on topic, I don't think we'll see the mint's prices dropping anytime soon, in fact probably never.
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Pillar of the Community
Canada
871 Posts |
With limits in place, I highly doubt you would see another sellout for awhile. As for the price of silver, people will still pay whatever the market will bear.
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Rest in Peace
Canada
1360 Posts |
Granted, it doesn't fit in with the world wide decline on metals and currency, but does anybody else see the connection between those that 'buy out' a particular coin "for the secondary market" and why the mint won't drop prices?
Hey - Imagine You are an exec at the mint.... You are thinking about pricing the coins in the next release... "lets look what happened last month... we sold out of this, this, this, and don't forget this coin. I think our prices are what the market would bare. I think we can knock it up a notch or two......Ooops too high, we didn't sell out anything"
Creating a false market can never be good. It certainly hasn't helped the common collector with ever higher prices - yes, a few have made some money on these ups and downs, but I think in the long run I'm going to continue just collecting for my own pleasure.
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Pillar of the Community
Canada
746 Posts |
I doubt we will see lower prices. When silver was $5 an ounce, RCM silver dollars were selling for $25-$35 (less than an ounce). That was about 5-7 times spot. So in comparison, $70 for a 2013 silver dollar (full ounce) at about $20 an ounce spot is still cheaper than it was years ago (3.5 times spot). Even if silver were to go down to $15, a $70 coin would be less than 5 times spot... Besides, with the new "disconnect" trend of physical vs. fiat, coins might get more expensive even if the spot price goes down.  |
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CCF Master Historian of USA Commemoratives
 United States
12313 Posts |
Quote:
So in comparison, $70 for a 2013 silver dollar (full ounce) at about $20 an ounce spot is still cheaper than it was years ago (3.5 times spot). Actually, the 2013 silver dollars (Canadian Arctic Expedition and Seven Years War) weigh 23.17 grams which equates to 0.7 ounces vs. 1.0 ounce. With silver at about $20 per ounce, a coin with 0.7 ounces of 0.999 fine silver has about $14 of silver in it. So, a selling price of $70 represents a 5x multiple. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
3692 Posts |
Computer aided milling onto plaster. Rubber molded then pantographed. I think another flaw is that they design the coins to be humungous but coins are tiny, so the detail changes during the reduction. There is only human contact with the pieces when doing touchups after milling and for added the dates and lettering. http://www.youtube.com/watch?v=QrtCcXXNcGAEdited by Libertad
06/21/2013 12:41 am
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Valued Member
Canada
430 Posts |
I also don't think the Mint will adjust prices. It's like cup of coffee prices at Tim's or Starbucks.... When price of coffee beans went up, they increased prices.... When coffee bean prices dropped considerably, they still left their prices as is. No justice at all.
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Pillar of the Community
Canada
746 Posts |
Thanks for the correction, Commems! So when silver was at about $5 an ounce, RCM silver dollars were composed of .925 silver weighing 25g. How much silver would that be? About $3-4? About 8x spot? Another way to compare, would be: - silver @ $5 with RCM silver dollar price $25-$35 - silver @ $20 with RCM silver dollar price $70. - $5 spot x 5 = $25 and $5 x 7 = $35 - $20 spot x 5 = $100 and $20 x 7 = $140 So, isn't $70 for a 2013 silver dollar still a better deal than earlier issues for about $30? Hope this makes sense...  |
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Valued Member
Canada
96 Posts |
Why use multiplication rather than substraction? The silver price jumped 5 times in 10 years, not the production cost. If you apply the same model to gold, the premium they charge would be unbearable.
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Valued Member
Canada
451 Posts |
The only way they would drop the prices is if people quit paying those prices. We can complain all we want about the prices, but people still buy the coins. With the recent market slipping and the magnitude of releases, it might not be long before the Mint drops their prices.
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Pillar of the Community
Canada
663 Posts |
Using the Perth Mint as an example, it doesn't look like they dropped their prices much despite few sellouts these days. |
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Pillar of the Community
Canada
3733 Posts |
and I believe the face value printed on the coin is not an accurate method of figuring out face value case in point the 100-4-100 coin, and I am sure no-one will ever sell their Venitian Glass coins for their face value, but some people will sell and have sold their 20-4-20 coins. If the mint sold nothing but 20-4-20 coins, and 100-4-100 coins they would go broke very quickly.
As people have already returned those coins for there initial investment. Those coins are what they call in the business Lost Leaders, they are trying to get more people buying other coins,..just my opinion.
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Bedrock of the Community
Australia
21788 Posts |
All mints buy their silver and gold for their NCLT products on forward contract.
That is only ONE component that affects their sale price.
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Pillar of the Community
Canada
981 Posts |
And maybe pigs will fly soon
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Replies: 23 / Views: 3,866 |
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First Page
Posted 06/20/2013 7:27 pm
