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Burn Out Or Legitimate Concern?

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Valued Member
Canada
393 Posts
 Posted 12/23/2014  09:48 am  Show Profile   Bookmark this reply Add Proof Nut to your friends list
I've been pretty happy with almost all the NCLT I've purchased this year except for the Canadian Space Agency coin.

Expected better packaging for the Hockey Canada coin. I guess the jersey like covering got scrapped at the last minute.

Whenever possible, I try to buy directly from local dealers stock but that is somewhat difficult for low mintage items or if there is a huge delay in shipping.

In recent years the RCM has been crowing about the growth in NCLT sales and how this has dramatically effected their bottom line when compared to profits from bullion and circulation coins.

Perhaps they should focus more on customer service and addressing some of the complaints from collectors, otherwise they will be in for a tough year even with a projected 300 new products for 2015.
Pillar of the Community
Canada
1502 Posts
 Posted 12/23/2014  10:30 am  Show Profile   Bookmark this reply Add poboxw to your friends list
Been collecting for nigh on 10 years, and selling too, but I'm done. For me, it's been a downward slope for the RCM in terms of quality since around 2012. Way too many releases, way too many errors and issues between marketing and production, and way too many colours, rocks, glass, borderline Canadian associations, and other gimmicks. Heard the RCM spent north of $50,000.00 on just designing the new logo too.... The beauty and meaning behind RCM's NCLTs are too becoming too diluted. Smells more and more like the Franklin mint now, a private mint. A shame... Loved the RCM...
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Canada
867 Posts
 Posted 12/23/2014  10:44 am  Show Profile   Bookmark this reply Add NuMoosematist to your friends list
@ blastofffireworks!

I hope you enjoy participating here.

With regard to the recent evolution of the mint's products, I'll try try not to be too negative. After all "'tis the season to be jolly".

R.I.P. RCM...
Edited by NuMoosematist
12/23/2014 10:45 am
Pillar of the Community
Canada
2019 Posts
 Posted 12/23/2014  12:40 pm  Show Profile   Bookmark this reply Add Northerncoins to your friends list
I am not a big fan of the "new" paper boxes , I perfer the good old Maroon clam shells as the boxes seem to be a bit cheap looking and scatch very easy, But eveyone is different.

BTW does anyone know what month the RCM puts out their yearly reports?
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Canada
2366 Posts
 Posted 12/23/2014  7:50 pm  Show Profile   Bookmark this reply Add kuh_85 to your friends list
@poboxw
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Canada
5402 Posts
 Posted 12/23/2014  9:05 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
The RCM is making way too many products these days and the quality is abysmal to say the least. I think next year I will just save money and order stuff through Alibaba , getting so you can't tell the real ones anyways............bah Humbug Grinch !!
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Canada
10460 Posts
 Posted 12/23/2014  9:39 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list
I was disgusted, when I saw the new "proof-like" uncirculated coin sets in 2011...

The gall of the RCM, to just use Winnipeg Mint strikes for these sets, but charge the same amount as they have done for their older proof-like sets... was just pathetic.
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Australia
21788 Posts
 Posted 12/23/2014  10:25 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
It seems that NOW is the time for you to branch into other areas of numismatics.
Typical symptomatic.

How 'bout finding out more about Canadian 1859 die variety Cents? That is a well researched topic that requires some numismatic interest from the reader.

If you are into gold, how 'bout 1912-13-14 $5 and $10 coins?

If you are into silver, how 'bout a nice type set of dollars 1935 to 1967? If you wish to be a silver stasher you could do worse than stashing silver bars.

If you want to go into ancient coins, Calgary Coins are probably the best help for a Canadian collector. That is where I ended up. Investigate VCOINS as well.

Above all, please just stay here in the CCF, whatever you decide!
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5402 Posts
 Posted 12/23/2014  10:34 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Well put Sel. The Canadian series is very under researched and represents marvelous opportunities for the numismatically inclined.
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Canada
6768 Posts
 Posted 12/23/2014  11:01 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list
And what about to support a bit RCM and to buy truly proof NCLT beauty?

Is all the collecting in chasing after "yesterday" in order to find some coin from the past? Just think this way:
all these scarce, unusual etc coins in their time were just the coins, pay means, nothing serious.
Sure, understand the current day by learning the history, but do not stuck there.

And of cause the above doesn't delete the excellence of designs and craftsmanship of any coin - Silver Dollars, 50c pieces, Large pennies....all of them.
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Canada
2019 Posts
 Posted 12/24/2014  05:32 am  Show Profile   Bookmark this reply Add Northerncoins to your friends list

Quote:
And what about to support a bit RCM and to buy truly proof NCLT beauty?


While some of us are are quick to judge what the RCM does or doesn't do (me included) we all wait in anticipation for news of each release although maybe not as enthusiastically as past releases.
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United States
3789 Posts
 Posted 12/24/2014  10:46 am  Show Profile   Bookmark this reply Add yup7676 to your friends list
When and as I first expanded my collecting of modern coins, I did admire the wide range of themes that the RCM puts out and it was a point of interest for me in adding to my collection.

But then the ugly part of collecting RCM coins made me put on the brakes big time- the rapid after market or secondary market drop in prices. Seeing coins 6 months later going for 20-50% of their original listing prices made me just stop and slow down.

Nowadays, I simply make a wish list, track the coins and track their prices from when they list and then their auctions to determine what price I feel is fair market value and that I feel comfortable with.

This has in turn spread to my other coin purchases, lately if I like a coin, it has to be available for auction from a reputable dealer and many times I throw out low ball prices until I get what I want. In the past I didnt mind paying a dealer price that was less than the RCM issue price but as I started to notice prices dropping, thats when I changed tactic.

Interestingly enough and not surprising, coins from other mints, I do the same with them, whether it be the US Mint, Perth (which I really do not buy from anymore) and Australian to name a few.

I think the mints around the world are just now making too many coins with too high prices not in line with whats really going on in the hobby.
Pillar of the Community
Canada
6768 Posts
 Posted 12/24/2014  2:27 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list


I will agree with Yup and like this tactics.
Just would be afraid to get "used" coin (not in mint condition), so all the fun from getting desired item for low price will be turned to disappointment.
Means, that over-saturating the market doesn't means end of the hobby or end of purchasing RCM NCLT, just need to be wise and extremely selective.
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Canada
1502 Posts
 Posted 12/25/2014  12:59 am  Show Profile   Bookmark this reply Add poboxw to your friends list
Unfortunately, I find that the only use that modern RCM NCLTs are good for is as one time gifts for those not initiated in numismatics and coin collecting in general.
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United States
3789 Posts
 Posted 12/27/2014  3:33 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
@silveroid

yes thats a good point, one I learned and why I would stay away from really ollld coins.

I remember once I ordered from ebay a South African Rhino silver set from 2007... oh god, I will never do that,, the set was terrible, the case and coins were in such horrible shape I couldnt believe it. I mean the condition of the capsules on the coins was horrible,,, the case,, oh I cant even tell u how bad it was...

so yes I plan on not going that far in my wish list, making sure they arent chipped, scratched, etc.

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