February 2020 RCM Releases

Yikes, very expensive silver! Does anyone have recent stats for the actual/final mintage of these "100,000 mintage" products? I see the inexpensive products everywhere - PO, grocery stores, Shoppers, etc., and they seem to sit around there until the next batch is available. What happens to everything that does not sell?

NCLT, with one exception, should not be used to invest in a precious metal. Purchase and collect because it means something or moves you... NCLT is not an investment. There is an argument that even bullion coins such as ASE or Maple Leaf bullion issues are not the ideal PM investment... When investing, you want to purchase the item at the lowest price possible and for most PMs that is in bar form. When you look at the spread between purchase and sell, the spread tends to be least on bars. A local and reputable bullion dealer has the spread on 1oz Gold ML at $98CAD and 1oz Gold Bars at $95CAD using today's quotes.

There are examples of NCLT gaining in value but to be clear this is pure speculation, not investing... For every Pysanka or UFO or Ladybird there are tens of releases that fall in value after issue.

The one exception I noted above is where the purchase price of the NCLT has dropped to the point where it is equivalent to bullion... then the NCLT falls into the bullion classification... or less if it isn't pure. An example of this is the Gold $100 from the '70s and '80s were all issued at a then premium price but the appreciation in the value of gold over the intervening 30-40 yrs has the market value for these coins... for the most part... matching their bullion equivalent.



It gets melted. It is the advantage the RCM has over the grocery store. When bread doesn't sell, it is disposed of; silver and gold can be melted and put into the next year's product offerings. I also know of LCS who will send NCLT out to melt after it has sat on the shelf for too long.

While this may be true, it just delays the melting of unsold coins, it doesn't prevent it. For many RCM coins, there are some that remain unsold after every effort is expended - these are removed from their packaging and sent to be melted.

We're in crazy times, I when to the CIBC site today and they are selling silver bars for $72/oz, likely $90 to have it in hand. Better off buying NCLT coins from the mint.

While not a PM thread, I just looked at the bank PM sites today and their prices are nutz. CIBC is charging $63.18 and TD $52.37 for a 1 oz Silver Maple Leaf. A bullion dealer here in Vancouver vbce.ca/metals is charging $42.36. If this pricing is indicative, I would never purchase PM at a bank.

I read that the Reddit group that pumped up game Stop and AMC stocks, were trying to do the same with silver this week, which explains the price increase.

As was stated earlier, crazy times

I think the RCM did a great job with the engraving for the dies of the "Archival Treasures: 1912 Heraldic Design" coins (gold and silver). They are each beyond what I collect, but their design and level of detail are outstanding! (IMO)

I think the design on the commemorative reverse of "The Black Loyalists" $20 silver coin also works well - it is reasonably faithful to the original Armorial Bearings of the Black Loyalists Heritage Society. It's an attractive piece. (IMO)

I guess you could say that I'm a fan of heraldry on coins!

I mentioned my liking of the new Moments to Hold coin earlier in the thread - didn't want to repeat myself. But "Yes!" I do like it and believe it a very nice collectible coin!