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Pillar of the Community
Canada
6768 Posts |
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should I have bought it? ....lol Not so hot to be profitable. Seasonal coin, that will be forgotten 2 month after the peak of interest. |
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Pillar of the Community
Canada
2984 Posts |
Edited by MoneyPenney
03/15/2016 03:25 am
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Pillar of the Community
Canada
5324 Posts |
Mintage still a little too high, too many hoarded now try to be flipped, one would guess the egg coin has just about the right mintage for this market.
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Pillar of the Community
Canada
659 Posts |
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Pillar of the Community
Canada
6768 Posts |
The coin back in stock in the Talisman. USD 65 Definetively not hot. But, if someone will buy some amount, and will go on the Cherry Blossom week to the Toronto High Park (which will be extremely overcrowded) - good money to be made  |
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Pillar of the Community
Canada
2845 Posts |
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Mintage still a little too high, too many hoarded now try to be flipped, one would guess the egg coin has just about the right mintage for this market.
Considering the egg coin was never available for sale by RCM to the general public I disagree that the mintage was right. Greater flipping opportunities do not attract more longterm collectors. RCM appears to rely on "sell outs" to increase their sales by attracting yet another whole new set of buyers who think there's easy money to be made on ebay by selling something that's scarce. The more flippers that NCLT attracts, the further prices eventually fall - as more and more longterm collectors exit, the downward spiral continues. If routine mintages of less than 10,000 are "too high" in a country of over 34 million people in a worldwide marketplace, the issue clearly is lack of interest in RCMs new releases. Purely as an observation though, for those of us who still do collect some NCLT, I suppose we should appreciate the flippers/short term hoarders because it offers a buying opportunity at a good discount to issue price in a few months or a couple years down the road. Edited by wildflowerAB
03/17/2016 1:18 pm
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Pillar of the Community
Canada
659 Posts |
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Pillar of the Community
Canada
2984 Posts |
Quote:Considering the egg coin was never available for sale by RCM to the general public I disagree that the mintage was right. The egg coin was available for sale at the RCM and other retailers but sold out pretty fast. Gatewest Coins had it as well as the Coin Shoppe. Also, some people were able to find it post offices. And the coin was available at the Vancouver Boutique. Remember a lot people were on the fence about and the success of it caught everyone by surprise. The coin was available for a whole week for MC members. I believe the 4000 low mintage did make a big difference. You see it with the birthstones too. The mintage of 3000 made it quickly sold out. The GITD 2 oz coins sold out fast too and they also had 4000 mintage. At 6500 mintage for the Cherry Blossom coin is too high. If it was at 4000 I am sure it would do much better on ebay. As been mention many times, the goal of the RCM is not to enrich flippers but to sell as many coins as possible. If there is another egg coin it will probably be more than 4000 mintage. Edited by MoneyPenney
03/17/2016 10:13 pm
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Pillar of the Community
Canada
1528 Posts |
I didn't like the coin but my wife like it. Anyway, I was able to sell it on Kijiji for $90. So 40% return is not bad. Can't expect 100% on every coin.
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Pillar of the Community
Canada
659 Posts |
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I didn't like the coin but my wife like it. Anyway, I was able to sell it on Kijiji for $90. So 40% return is not bad. That's pretty good, especially with no ebay fees. |
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Pillar of the Community
Canada
6768 Posts |
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I didn't like the coin but my wife like it. Anyway, I was able to sell it on Kijiji for $90. So 40% return is not bad. You were lucky, buying it from the beginning or at CP. When the coin shown signs of being popular, it was available only from the dealers with the shipping charge - so the return would be no worth at all. |
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Pillar of the Community
Canada
1528 Posts |
Quote:That's pretty good, especially with no ebay fees. yup and the person came to pick it up. So very little effort on my part. |
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Pillar of the Community
Canada
659 Posts |
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yup and the person came to pick it up. So very little effort on my part. That's because the guy in front of you (who bought all 15) also cleaned out every other store in the city. lol The person probably had no choice but to buy through a local ad. |
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Pillar of the Community
Canada
1528 Posts |
I should check ebay to see who that guy is.. lol... But seriously though, the coin was available for more than a week Edited by Lostwords
03/18/2016 08:58 am
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Pillar of the Community
Canada
1823 Posts |
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Posted 03/15/2016 03:11 am
