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 Replies: 24 / Views: 4,158 |
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Pillar of the Community
Canada
5253 Posts |
The reality is that the RCM issues so many items per year, nobody buys them all. People buy a select few at most. Therefore the demand for any given item is low, and as was mentioned many dealers are reluctant to tie up money in slow selling products. |
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Pillar of the Community
Canada
2845 Posts |
Yes. Each year more and more NCLT is added to the existing pile, it's already much larger than five years ago when RCM began monthly releases. It's impossible for there suddenly to be enough future collectors to create any sort of demand for it considering the emphasis will always be on what's new and exciting. How many today are interested in buying masses of old NCLT at anything above bullion? Tomorrow will be no different. |
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Bedrock of the Community
Canada
21647 Posts |
Right now on ebay there are over 600 listings for Superman coins. I usually go through these every day or so looking for counterfeits and have noticed that any listed above issue price have been sitting there for months. The few that do sell are ones that the price has been reduced to below issue. The market for these seems to have dried up somewhat. Not being a collector of NCLT coins, I'm guessing anyone collecting them already has one or else they have moved on to another series such as Star Wars. |
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Valued Member
Canada
194 Posts |
As anyone tried sell coins on Facebook? There is a Facebook group called, "Canadian coin buy, sell and trade" no commissions to pay.
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Valued Member
United States
408 Posts |
Wait until the next Superman movie comes out and then sell it.
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Pillar of the Community
Canada
3049 Posts |
onecad: I haven't sold any coins on facebook but I've wanted to start showing my collection.. hence my facebook tag at the bottom of my posts..
Redzapid: I'm sorry you feel that way. In my opinion it's not the quality or quantity of coins that interest me when talking about coins... it's the quality of the person I'm talking with. I don't care if someone is 7 or 77... nor do I care if I'm talking about a $1 or a $1000 coin.... unfortunately I don't think everyone feels this way..
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Pillar of the Community
Canada
5253 Posts |
@WildflowerAB, you are quite right. My LCS sells quite a bit of mint product for bullion, and if it does not sell, sends it to the refiner. There is that little demand for most of it.
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Pillar of the Community
 Canada
1571 Posts |
WildflowerAB,
What shops can I get NCLT at buillion prices? I'd grab a bunch, if it was going for spot or slightly above. In the GTA, most coins sell for well below issue, but certainly not for spot. At least none that I know of.
I'm sure the markets vary with location to some extent. The GTA seems to have more NCLT collectors than most other parts of Canada. I think the prices reflect this.
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Bedrock of the Community
United States
94367 Posts |
The US Mint has become just another rip-off hustler with the ability to produce its product for almost no cost. There will never be a shortage of decent and ignorant everyday buyers.  Edited by Coinfrog
10/19/2016 8:06 pm
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Pillar of the Community
Canada
2845 Posts |
Quote:
What shops can I get NCLT at buillion prices?
If shops sold at bullion, how would they make a profit (unless they bought at less than bullion, not likely to happen) And while I haven't calculated it down to dollar and cents, older proof, Specimen and uncirculated sets look to be very close to bullion. Until not too many years ago that was the mainstay of RCM's NCLT. |
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Pillar of the Community
Canada
1571 Posts |
Sorry WildflowerAB, that question was meant for Oriole.
I've only been to one shop that sells buillion at spot but that's 1 oz bars, not coins.
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CCF Master Historian of USA Commemoratives
 United States
12311 Posts |
Quote:
The US Mint has become just another rip-off hustler with the ability to produce its product for almost no cost. There are so many things about this statement that I disagree with...I don't even know where to begin a response! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
10/20/2016 11:33 am
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Moderator
Canada
10463 Posts |
Quote:
There are so many things about this statement that I disagree with...I don't even know where to begin a response! Then don't. Your time is more valuable than that... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1027 Posts |
@coinfrog
I guess I am ignorant. I buy coins:)))))))
And....I am a decent person. I think.
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Bedrock of the Community
United States
10047 Posts |
Redzapsid, just take his as a good, and valuable learning experience. If you want to continue collecting these issues, just wait until after the issue date is passed by quite some time and then get them off of ebay for a much reduced rate. Today most things marketed as "collectable" are just that... collectable. But unlike years ago before the term "collectable" was used regularly as a marketing term, few modern items will likely have no added value since they are over-mass produced. Businessmen understand human psychology and are making large profits from it. Look up items from the Franklin Mint. They started long ago to marketing flashy items (with flashy TV commercials), marketed everything as "being valuable for generations to come," over-mass produced the items b/c people were willing to buy, and now a lot of people are stuck with stuff that has lost value. Unfortunately, people have lost a ton of money by these marketing practices. |
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Replies: 24 / Views: 4,158 |
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Posted 10/19/2016 3:05 pm
