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 Replies: 87 / Views: 11,801 |
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Pillar of the Community
 Canada
2360 Posts |
I think it is obvious that the problem is too many coins, too many versions, too many mintages, too many commissions. The Post Offices are full (cultivate a good relationship with your local postal employees they can discount coins), many of the so called hot coins are available all over the place, Big Loonie, Big Quarter, Gold Superman coming down, the flippers buy everything they can get their hands on and cause a false market, with demand temporarily heightened at release, then there is a massive sell off, they flood the market until the prices stabilize. Those institutional sales undercut any other coins on the market, Silvertowne, CA. Price of silver is diving and people are realizing exactly that a 1 ounce bullion coin for ~$20 can look very pretty if you squint your eyes, rather than the replica proof version for $89.95 or the F15. Again buy what you want to keep, what you enjoy. Hopefully the mint will realize that making that many coins is counterproductive.
And Canadian Coins it is a neat geometric pattern on the inner part of the high relief Holiday Coin, not too keen on the colouring, unless it is bad lighting, bet it looks good in hand.
Edited by SilverDon
11/09/2014 10:09 pm
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Pillar of the Community
Canada
2360 Posts |
Sorry Canadian Coins, on second look, that coin has colours misalligned on the field, see the red diamond shape between DOLLARS and 2014, the colour pattern doesn't match the shape that it is covering, there is an offset there that doesn't look good at all. Sorry but this is a coin that I would not buy and I think was made poorly. For the money you paid you should receive a coin that has colour applied correctly. Looks like a sticker that was put on with a shaky hand and would not look good in hand. Please excuse my previous comment, too late on a Sunday night.
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Pillar of the Community
Canada
6768 Posts |
I've seen this coin in the PO.
The "star" is nicely done, the colorization distracts me.
Btw, the Venetian Glass Snowman was there for issue....
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CCF Master Historian of USA Commemoratives
 United States
12301 Posts |
@canadian_coins: Is the high-relief strike impressive on the "Ornament" coin?
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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New Member
Canada
4 Posts |
Ive been collecting decimal coins and mint coins and sets that fall under the same. I.e. $2 coins or less. Not once have I thought of this hobby of ours as a money making venture. If that were the case everyone would do it and the profits would become the reasons. We must remember what got us into this and what it is that keeps us collecting. I wont stop buying the coins I love and I wont stop the hunt for the elusive coin from many years past. Afterall its the thrill of the hunt. The beauty in our own rewards and the passion we share with others with the thibgs that make us happy.
Just my 2 cents.
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Pillar of the Community
United States
2408 Posts |
Hi commens/SilverDon
The coin in hand is far superior than the scan. The scan shows artifacts and reflections that aren't true to the coin. In my opinion the high relief is very effective for this design and the shiny cutouts are really stunning - just like a real "boule de Noel"! The grainy color patterns (and some imperfections perhaps) also make sense in that context. What I see is a Christmas ornament that was chopped and glued to a coin.
I will take a picture later this week and post. That should give you another perspective.
This is my first NCLT in a long time and I'm not disappointed at all.
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Pillar of the Community
Canada
1751 Posts |
The high relief coin looks better than it's pic on the RCM site. I still don't like the color choices, however, still looks better than the RCM image. It's nice to see an in hand pic! I wonder how the mint would fare, if they kept the same number of releases and lowered the price some. I doubt they'd do we'll both scaling back releases and dropping price, while silver starts low. I wonder how the US mint can afford to lower prices? It would be interesting to know how much the total production cost per coin? Then the profit margins could be known. |
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Pillar of the Community
Canada
6768 Posts |
Even without comparison to the PM spot and collectors needs, why the RCM will think to lower the prices if Perth, RAM and Royal Mint sell their coins for the same price range. The Royal Mint even more over-priced... |
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Pillar of the Community
Canada
3692 Posts |
I think that what the mint should do is guarantee that unsold stock will be refined back into stock within 6 months of not being sold. That would create hype and an absolute low mintage due to smelting, not to mention artists/designers/engravers have to try harder. Right now the mint seems to have an unlimited stock of metal to go around. No more unlimited series that go on forever; announce how many issues in the series and be done with it, that way the lowest mintage will be the most collectible even if it's not the most popular - because those starting the series will "have" to have it.
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Rest in Peace
Canada
1360 Posts |
They move the coins to 'archive' after a year - or sold out. I think that whatever isn't sold should be recycle - as Libertad said. 6 months would be the minimum...but definitely after a year of not selling, destruction. And further sales to the shopping channel or dealers or post offices to dump the last remaining ones - should stop.
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Pillar of the Community
Canada
1751 Posts |
I always, thought once it was archived, this meant no more sales. The next logical step after archive would be to melt unsold. I remember seeing deadlines in 2012 by when the Gretzky coin be order and the same with winter town and little skater, were no longer available after oct.31 2012. After reading above posts I'm starting to wonder? Just when I thought I had it figured out too!! This now raises more questions, with no real answers , by the RCM. |
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Pillar of the Community
Canada
1751 Posts |
I just had an eye opener. Reading topic of moose coins a member posted a lint to a site that mints rounds/medallions moose themed as per topic. So I took a look, here beautiful medallions. However 1 Oz silver is priced $89.95 USD, a gilded ounce $114.95 USD. In comparison, these prices makes the RCM seem in line. I can't think of the private mint name. Here their prices are in USD and are high. I'm sure they don't use dealer outlets to help sell either. This really put things into perspective for me. I'm whine on the high price the RCM is charging for Nclt coins. Here's a private mint in business charging same rate only in US currency. It opened my eyes! It all comes down to what the market will bare!! Accepted price is what seller and buyer agree on. Everyone will have a different acceptable price! The artwork is fantastic, I'd like to own some of their medallions. I went back and found the mints name. It's the Alaska mint.com , just incredible stuff! Check out the eye candy! I feel somewhat better about the prices charged by RCM now. It seems they're not the only ones charging high prices, while silver drops. I wonder what happens when silver hits $30 an ounce. I probably wouldn't be able to afford their coins then. Food for thought. Edited by pocket change 50
11/16/2014 5:12 pm
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Bedrock of the Community
Australia
21788 Posts |
A nagging question still has to be asked:
"How much above spot silver price will I get for my NCLT, if I had to sell them all?" A typical situation for all of your collection to be sold at once, is out of your estate. The good buys and the bad buys get sold together.
The implication is that you have to be very circumspect in the first place, when buying NCLT mint product despite the high quality brochures that support their initial sale from the Mint. That is probably your best pholosophical approach to defending yourself against the huge proliferation of new issues on offer.
The experience in Australia is that most NCLT in the aftermarket sells for less than the issue price, and in very many cases, a LOT less than the issue price, even a decade or more later. That is despite the very high quality production standards for the coins, and superb packaging.
Hasten very slowly, and do not give in to the sales pitch.
Edited by sel_69l
11/16/2014 7:28 pm
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Pillar of the Community
Canada
2124 Posts |
sel_691: In general, I agree with you.
However, in NCLT the spot silver price (or gold price) is almost irrelevant as the coins are being sold from the Mints for 4 or more times the spot price ! If I decide to sell them of course I'm getting over the spot price, but it doesn't mean anything as I would be probably losing anyway.
In fact, when buying something made of silver or gold, we know for sure that even if the prices fall, the limit will be the metal spot price.
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Pillar of the Community
Canada
1751 Posts |
Sel I have a few Nclt tender coins from Perth Mint and 1 from New Zealand mint, the packaging is superb very high quality presentation. The RCM could learn from the Aussies. What you say is also true of our RCM coins. I still enjoy the designs, however, have found places to buy current coins for up to 20% discount from vendor, for brand new coins, where I'm the first to open the box. What happened with the Aussie Disney coins? There was so much hype & anticipation in another forum I read. I'm amazed the 1 K Mintage of Gold coins are still available from the mint. It really was hyped, seems to have really fallen flat, including the more reasonable Donald Duck for around $103 CAD? |
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Replies: 87 / Views: 11,801 |
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Posted 11/10/2014 4:21 pm
