Falcon Lake UFO Silver Coin

Im very pleased that I won a Falcon Lake UFO auction yesterday on bids..344.00cad plus shipping 15.00. One of the lower priced sales for sure. So now I will hopefully have at least one of these scarce coins in hand for my collection. Sales are pretty slow now but still in the 500 plus range. guess I got lucky! I'm sure the RCM will come out with another UFO coin in 2019 based on the popularity of this one.

thanks L for N!..Im still waiting for the coin but I'm sure it will get here someday despite the postal slowdown. I sold my only FL coin for around 400.00 for some reason thinking that the price would eventually start to drop back to about 260. Now I'm not so sure about that anymore..I am going to keep better track of the RCM releases in 2019 in anticipation of the next UFO coin. The RCM is never one to overlook a hot streak and will almost certainly release another UFO coin this coming year. I will be gunning for another FL coin as well or two as I believe this coin will be like superman 2013 gold and hold value..But there is solid resistance below 500.00..I got lucky at 344.00 which is the lowest price it has sold at in a while.

I generally don't care for colorized coins but this is neat! Even better under a black light. You should take it to the market and scan it when no one is looking. See if it causes a to do like when Sculley scanned the metal object from her alien abduction.

Falcon Lake UFO coin seems to be holding value as sellers are not selling below 700.00 CAD..Auctions are few and far between with disappointing results for sellers so I guess with such a low mintage any one who wants this coin will either have to cough up 700.00+ or wait until a rare auction opportunity comes along. My original theory that the price will settle around 260 was very wrong. This coin wont be going down anytime soon. Happy Holidays

@cassidy77... where are you looking?


On the bay, the realized prices range from a low of $257 through $523 with most in the $300s. I will admit it has shown more resilience than I expected but I still believe it will settle at 1x-2x bullion in the fullness of time.

@AlexA

It may be that time is the great equalizer... In the early '90s, one of the earliest non Olympic higher value NCLT series issued was in celebration of Canada's history of aviation. This series was 10 coins, each 1 ounce of Sterling for a total of 9.25 ounces of pure Silver. The issue price was $55.50 each or $555 for the set. Included in this set was a coin depicting the Lancaster Bomber which was a runaway success at the time; even with a mintage in excess of 40,000 this reached in excess of 3x the issue price; Charlton today lists still lists it at $135-150.

In 1990, Silver was around $4.50/Oz or $5.40 CDN. So in context, the Aviation Series 1 was sold in the early '90s at an 11x markup on the bullion cost ($55.50 for $5 worth of Silver).

Earlier this year, I picked up a set for $300 at auction including fees. Not only is this 45% drop in raw dollars, it completely ignores approximately 60% lift due to inflation... i.e. the $55.50 spent in 1990 equates to around $90 today in 2018 dollars.

Since the 1oz coins are sterling, the 10 coin set adds up to 9.25 oz of silver and at 1x-2x bullion, that would be a range of $185 - $370 based on a $20CDN ounce (Today's random date maple cost is $23.25 CDN)

This is a pattern that is repeated over and over again. All of the $100 proof Gold issues older than 10 years routinely trade for bullion equivalent.

It makes no financial sense to pay even the RCM's inflated prices for silver coins let alone any juice added by a temporary interest bubble such as was generated for the Falcon Lake coin. One area that has improved... the RCM only marks up Silver by 5x-6x these days

By the way, I really like the Aviation series and am happy to own it. Buy what you like because you like it or it fills a gap in your collection... don't buy it for investment... unless you are a short term flipper and are very lucky; the trends are just not in your favour.

@cassidy77... If you enjoy the coin, that is all that matters. I will be surprised though if this level of multiple survives 10 years... Hey... if we are still on this forum in 2028, I will happily eat my prognostications if this coin is retaining its price separation from the other coins issued this year.

Good Luck and best wishes for the new year.

I agree. Most, but not all RCM coins drop significantly. Some examples are 2016 Pysanka, 2016 Cherry Blossom coin, 2016 2oz Northern Lights GITD coin, just to name a few.


That coin sold for $659.95. That's a long way from bullion price.