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 Replies: 57 / Views: 7,782 |
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Valued Member
Canada
393 Posts |
Quote:It would be interesting if someone would set up a poll to see how many people plan to make RCM direct purchases in 2015, how many are undecided? Like many have already commented, it's easy to get carried away with purchasing directly from the RCM, particularly if it's a low mintage item or one expected to sell out before the official release. I find most of the coins are breathtakingly beautiful and reasonably priced for the amount of work involved when you are not buying them for the silver content. I'm definitely cutting back from previous years and buying more items from dealer tables at shows for a number of reasons. (not in any order):
- Packaging issues - cheap and overpriced
- Dramatically lower resale value
- Lack of collector demand
- Too many sight unseen subscriptions and mystery coins
- Not always as illustrated
The icing on the cake is when you can't even give away a $20 for $20 coin for free! Even worse..... The person you are gifting secretly wishes you would get a real life and find yourself another hobby!  You can't even sell it to another collector for face value or place it in a coin club auction.  |
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Pillar of the Community
Canada
2019 Posts |
Quote:
The icing on the cake is when you can't even give away a $20 for $20 coin for free! Even worse.....
The person you are gifting secretly wishes you would get a real life and find yourself another hobby!
You can't even sell it to another collector for face value or place it in a coin club auction. Ok well that is bad...  |
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Pillar of the Community
United States
3789 Posts |
and its not just the RCM mint either,, its all mints. Too much product, too few collectors and I think once folks get wise that they can be had cheaper on ebay from reputable dealers, well I think you can see what most folks do,, like me, make a wish list and stalk. |
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Pillar of the Community
 Canada
2360 Posts |
Quote:
Too many sight unseen subscriptions and mystery coins I agree, I don't like ordering what I can't see, based on speculation that the set is going to be good. Last one I did was for the Great Lakes (although I had an inkling of what was offered here) and 20 for 20 sub. I am picking up the 1/2 Ounce O'Canada Set 2013 piece by piece and it is fairly easy to get it at $29.95 per coin/original $39.95. Got the Box and have extra clamshells. I like the series so am collecting, at a discount. I am trying to reduce my purchases, but the deals out there are good. Too many coins means deals, I have to be more choosy. Keep the list handy. If it is a coin you have been hunting for, then I think it is a green light to buy, the decision to have that coin has been made and you are waiting for the right time to jump in. So I like old effigies of the monarchs, picked up the 2008 Coin and Stamp set at a discount the other day. Put an e-mail alert on the deal, it came in, added a bullion coin on my list that I wanted (to make the cost of delivery from a reseller worthwhile)and made the deal. Not sure if I'm consuming less, but consuming smarter. My collection will be purchased for 25-50% less than retail where possible. Except for the must haves that the mint puts out annually, Silver Dollar Proof, Welcome to the World, Lotus Privy Marked Maple, I will buy most from the secondary market. Patience is a virtue. |
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CCF Master Historian of USA Commemoratives
 United States
12296 Posts |
Quote:
Not sure if I'm consuming less, but consuming smarter. Always the preferable approach to collecting - whether coins or anything else! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
3789 Posts |
I have taken off my collect list all these world mints. Unless they make something that fits my primary focus then I'll pass on them. I have then a subfocus... I loved as an example that the RCM made a coin for the ANA show in Chicago, that was very cool, that was a must have, and,,, thankfully I did get one, slabbed and at a price that was closer to fair market value. I like the Woolly Mastodon coins, I would like both, but I cant see paying up for those either. I think I need to keep stalking until I see enough auctions to buy one. The US Mint, I barely get anything from then anymore. I like the 5 ounce silver coins but I dont see anything outside of a few that I really want to get and I am not interesting in doing the full set. Do I like the series? I do, its really nice. But I dont feel that the prices are right and I dont want to buy and then find them all later for less. should say the Woolly Mammoth coins, lol Edited by yup7676
03/14/2015 3:20 pm
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Valued Member
Switzerland
144 Posts |
With many things I agree in this thread, espacially the quantity of different coins that RCM pushes out of its door... Still there are a two things which come to my mind: 1. as a european customer, customs is a huge subject. By reducing the quantity of different shippings my costs do go down dramatically. So if I order from the mint, that usually reduces the packages. Remind you, a coin for 39 CND$ would cost me at least 70$ if shipped as a single coin... So I don´t care if it is retailer 39$ or 25$ as long as I can combine shipments.... 2. Although mintage and quantities are high - if RCM customers do not buy these coins, there will be fewer available on the market. In the long run, this means increase in price because there are only few available... Now this might be wishful thinking but I´m sure with certain coins this will happen! Examples to me are here the 5oz Maine and Hawaii ATB Coins. Anyway - great thoughts here - pls continue with this! |
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Pillar of the Community
Canada
6768 Posts |
Thanks for your thoughts, Pixu nice to see opinion by the collector from Europe, that also collects RCM NCLTs. Your words reminded me, when recently I sold some coin to Germany buyer, for the tracking shipping, Canada Post asked CDN 40.00 ! And it just coin in the RCM clamshell.... Examples whith ATB coins are good, if you recall, RCM has also some popular "low sellers", but ATB are bit different: they are not singles, but long-playing series. Always will be collectors, who collects all the series, and if some coin has low final mintage - they immediately demand premium. But single coins - even with the low mintage - might remain unpopular, specially, when the choice is huge. Edited by Silveroid
03/15/2015 08:55 am
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Pillar of the Community
Canada
2019 Posts |
Quote: Although mintage and quantities are high - if RCM customers do not buy these coins, there will be fewer available on the market. In the long run, this means increase in price because there are only few available... Now this might be wishful thinking but I´m sure with certain coins this will happen! Examples to me are here the 5oz Maine and Hawaii ATB Coins. I agree but most sellers don't do their research and only list the Total mintage even though the actual finale mintage might be half of the total mintage or whatever it maybe. But its not easy to find , RCM coins finale mintage numbers can span 3 annual report years. A coin with say 4500 finale mintage would be more desirable then the same coin with 8500 mintage. But as Sileriod has said , some coins are just unpopular no matter what the finale mintage is , but there is the chance for said coin to increase in demand once a "low" finale mintage is known. Edited by Northerncoins
03/15/2015 09:15 am
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Pillar of the Community
United States
3789 Posts |
I dont know if mintage is the total solution to this lack of interest in NCLT coins,,, tho I think its part of it and helps. Mintage to me tho, is something you take with a grain of salt.
For starters, I have been examining gold coins with low mintage numbers of say 150 coins. I have found that going back to the original start of a series, even with low mintage coins, when that coin appears in the secondary market it doesn't necessarily guarantee a hit with collectors.
what I found was these same coins were still many hundred dollars LESS from their initial offering price, despite being low mintage.
I come to the simple conclusion that lower prices in gold have impacted the coin and despite their low mintage, collector demand was just not there for that specific coin and series.
I think the biggest factor killing the hobby is the fact there are too many coins as many have said here. Wayyyy tooo mannnyyy. I love bears, beavers, eagles, bison, etc. But man, just how many Bison coins are they going to do? How many eagles? How many Deer coins? How many beavers?
I think its clear with the Bison series basically imploding, collectors have had ENOUGH of these coins. Its a shame too, because that recent Bison series is really really really nice, I happen to like that series. But I think collectors are saying "another Bison coin?" Or some might even be saying "yea no thanks I already got burned the first time".
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New Member
Canada
6 Posts |
I've really slowed down on what I buy from the mint over the past year or so. It wasn't so long ago, it seems to me anyway, that all kinds of great coins were coming out of the mint, lots of the coins would sell out the same day and it would be exciting to try to find ones you missed for a good price because the market value would jump so fast. Now it seems even really low mintage coins sit on the site for months, you can buy them from sellers for less than mint price and a lot of the originality has been left behind while the mint seems to focus on what themes have sold well in the past. Don't get me wrong there are still plenty of splendid coins coming from the mint but it just hasn't been worthwhile to buy as many. I'm a lot more choosy now. While I have never actually sold a single coin of mine I still like to see values increase and coins sell out fast as it's a bit like the stock market and adds a bit of excitement to the hobby.
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Pillar of the Community
United States
3789 Posts |
@intarsiabox I like your comments and agree with them. I grew tired tho, early on, when I bought coins from the RCM, or any other gov mint, and found them for much less months, years later. So, I have become apathetic towards all releases. I will just sit tight and wait. I know I will get what I want at a very good price. |
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Pillar of the Community
Canada
6768 Posts |
Thanks to other forum, people provided for Silvertown ebay account, that sells numismatic RCM coins for 50% from issue. Looks like starting to be not nice period for NCLT...probably we need to start selling and not buying? And another thing alert came from Talisman: they fulfill multiple people orders for Star Trek set without cancelling them. What we can guess from this? They try to unload the stock, feeling that the hype is over. But need to hold the panic. Just temporary dip, means need to be very selective in the purchase. Edited by Silveroid
03/17/2015 10:57 am
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Pillar of the Community
United States
3789 Posts |
@silveroid yea I saw that, if you go to Silvertownes ebay account, the Bison Family at Rest and the 25th Anniversary Piedfort are like slashed 50% off!! they even have graded slabs that are a few bucks more all the way to lows 60s! I will continue to stay away from all coins that are called "dealer exclusive" because they really tank hard! |
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Valued Member
Canada
147 Posts |
This exhaustion is precisely why I've come to rely upon ebay as my primary source for market pricing. We all know the trends are in la-la land, and nevermind what source Charlton pulls their numbers. The secondary market lets people purchase at their own leisure, free of that additional stress of "Gotta have it!". My issue with NCLT has always been with the primary release of products that seem overpriced compared to previous years -- when you consider that neither the price of materials (i.e. precious metals) nor cost of fabrication have increased, it also smacks of taking advantage of their customers. I'm perfectly happy staying in the secondary market and playing that game (especially when I had to compete with Mint direct orders, the boutique, AND Canada Post). |
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Posted 03/06/2015 1:53 pm
