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Replies: 17 / Views: 3,950 |
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Pillar of the Community
 Canada
9870 Posts |
The value is destined to drop like a rock within the next five years regardless.
"Dipping" is not considered cleaning... -from PCGS website
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Pillar of the Community
Canada
1463 Posts |
if they're all like that I'm very surprised they were struck as such all the way through. They had to have known, most are inspected under a magnifier as soon as they're struck. I don't blame you for being concerned, but seems the mint is at fault here.
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Pillar of the Community
 United States
3058 Posts |
Wow! I love star trek, so to me, that is an excellent gold coin!
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New Member
 Canada
4 Posts |
I thought it may be a good investment. I talked to a reputable dealer (one listed on the RCM's website). He assured me that the coins he has don't have this defect, but all of his have serial numbers under 100. Don't mint errors increase the value of some coins? Should I return it before it's too late?
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Pillar of the Community
Canada
5324 Posts |
Sure errors add value depending on what type, this is like you title more of a defect than an error, this is a struck coin so this must be a strike through or something on the die itself, probably hurt the value.
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Pillar of the Community
 Canada
5594 Posts |
I'd get your money back as soon as you can. Almost all RCM granny bait will drop to less than 60% of its issue price in 2-3 years ... just like DBM said above. Flaw or not, it's not a coin(?) worth keeping unless you are a Trekie.
Edited by okiecoiner 09/22/2016 8:02 pm
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Pillar of the Community
Canada
1463 Posts |
It's not fair to say all will drop to 60% of issue. No one knows the future. Most of it likely will, but I think saying "all" is false info. Not my type of coin, but if the op likes that sort of thing, that's great I can appreciate that. I like the shape of it, very interesting.
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Pillar of the Community
Canada
2781 Posts |
issue price $1300 @ 16.2 grams gold if it drops 30% it's still worth scrap if it drops 60% I will buy all 1500 minted 
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Pillar of the Community
Canada
1049 Posts |
That always happens to the trailing edge after warp speed  
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Pillar of the Community
Canada
644 Posts |
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Pillar of the Community
Canada
3234 Posts |
Quote: Flaw or not, it's not a coin(?) worth keeping unless you are a Trekie. Quote: That always happens to the trailing edge after warp speed May the force be with you....and so much garbage being left behind "for future generations" of Trekies... This should be moved over to the "Shouldn't This be Scrap" posting...IMO..
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Pillar of the Community
Canada
659 Posts |
Quote: The value is destined to drop like a rock within the next five years regardless. LOL...good one.
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Pillar of the Community
Canada
2845 Posts |
Quote:
Don't mint errors increase the value of some coins?
FlipSide I can understand why you might wonder about that. I'm going to try to answer your query in general terms, regarding NCLT errors that are obvious to the eye. As best as I can explain it, in the modern age of hi-tech automation applied in coin production, unless a really spectacular and unique error occurs, no it generally does not increase the value or the appeal. Quite the opposite. A collector coin with a noticeable flaw could be compared to receiving a new iPhone with a cracked screen. Lower quality standards of circulation coin production in Canada has become very noticeable in circulation coin as well, to the extent of becoming common. But you may have noticed many threads here talking about error coins, silver and copper coins from decades ago. Indeed some types of errors and varieties are certainly worth more but coin production was very different back then and the pursuit of anomalies became a fascinating collector sideline. There's also a difference between circulation coin and NCLT - a penny started out by being worth only a penny, a dollar a dollar and it wasn't originally sold with a certificate inside a box. My opinion but in the example of sellouts and RCM giving themselves the option of providing a refund for defective NCLT as opposed to a replacement - without the customer having any say in it - they are taking advantage of buyers who might be inclined to accept an inferior product by rationalizing that it's better than nothing. That just shouldn't be.
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Valued Member
Canada
116 Posts |
I have looked at quite a few of these coins now and this error shows up a lot. Some more noticeable than others. It is always around the edge and I think it is the metal flow when the die comes down. The mint probably learned a few things about the way the gold moves with this unique shape.
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New Member
 Canada
4 Posts |
I got a reply from the RCM, which refuses to claim this as a mint error. However, it appears that the RCM was willing to give one of its major international retailers (Talisman Coins) a detailed explanation of the flaw that they are not claiming to be a defect. It has to do with the shape of the coin and how the gold fills out at the corners of the die. They did not reject coins that look like mine as defects. The capsules obviously need to be improved as well, even though it prevents all of these coins from getting a grade of 70. As a native Ontarian, I feel that the RCM is part of my heritage, and it really let me down with this 'coin.' It's supposed to be one of the world's best mints. It claims to have made the world's first delta shaped coin (and the first Star Trek coin with face value). Unfortunately, they did not do so successfully in my opinion. The Perth Mint's silver delta shaped coin does not appear have to have any issues.
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Replies: 17 / Views: 3,950 |
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