Why Did The Group Of Seven Series Fail?

At last years RCNA in Winnipeg, the RCM had a large booth and contingent at the show, over heard a conversation between a RCM vp and another RCM employee constantly congrats to each other over their 1/3 constant sellouts. Talked to front line RCM employees manning the booth, with my concerns of overproduction and limited themes, they agree with my points. With this leadership group all they care is crank out coins into the dealership network, and collectors with out the thoughts of a healthy hobby environment, look at the glass bug series, the frog increased mintage destroyed a good series for extra 2500 coins. Be selective in purchasing, you will be able to purchase almost every issue latter at discount with this management philosophy.

Stopped at gorge coin due to design, not to argue, but name me a series of NCLT that has ended, are selling below issue and now are selling above issue except for bullion value increases. As always buy what you like, tried to answer why this series failed.

I agree with John100. By the time the fourth coin came out (Harris), the first three were selling for around $100 or more (in several cases). After the gorge coin came out, and failed to sell out at the Mint because of its 'unique' design, more and more of the first four coins started to appear on the secondary market. Perhaps collectors of the series were turned off by the gorge coin (which I believe isn't as ugly as many claim) and decided to give up on the series. When coin six came out, a similar thing happened. It received negative feedback and the value of the series as a whole, as well as the value of the individual coins, went down. I purchased the Harris coin because I thought it was stunning (and it still is) and I remember being interested in the rest of the series. When I was looking, around the time of the Harris release, I could not find the Varley coin for under $120.
It could also be that there were people who tried to collect the series as a whole just to sell them all, and once the series ended, the market flooded.
We will never know for sure...but it is an interesting topic. I've noticed similar patterns with a lot of NCLT. A month or two after release, the secondary value can be significantly higher, but then it starts to drop. A year later, they can be found again at issue or, sometimes, lower.
But I agree with NuMoosematist. We'll never know for sure until years from now what the value will be.

I'm glad I ended up buying all seven coins (two of them above issue, two below, and three at issue) :D I love this set and it's nice to have scenic coins to break up the (sometimes monotonous) animals. I just wish I had the fancy black subscriber box instead of the seven clamshells. haha

It's one of my favourite sets and I have duplicates of each of the coins and one box.

I don't consider that the series 'failed' though concede that it may not have been a huge success for flippers. I guess success or failure depends on your perspective... and when you flipped the coins. Timing is everything.

I know one flipper made about 100$ selling me the case and 3 coins...

Me too. I have one set with wooden box, and one set of individual coins as well!

Anyone who still want the Group of 7 Complete Set with box can get it at Colonial Acres for $499. It does not have the cardboard box/sleeve but does have the wooden box.

http://www.colonialacres.com/produc...ng-outer-box

Not a failure at all, but a bargain hunters dream.
It took me until this year to fill the set and find the box.
All purchased below issue by a fair margin. I really love
this set and have it on display.

Congrats SilverDon!

I like this set. Some coins weak (imo) , the Guardian, as example, but the rest are very well.

the sad part:
I don't have display, it stored all the time closed in the box that in the box.