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Replies: 37 / Views: 6,386 |
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Valued Member
Canada
56 Posts |
Im not a dealer, purely here for collector information and I believe that even the flippers talk has been extremely educational. It has informed me about how many shady people there are and can be in this industry. I think its important to look at it with a distinction....the authorized dealers are pretty straight forward and while they will raise the profit margin once the coin sells out, that is not their sole mission and they pay taxes on what they sell. I have been totally turned off buying from the flippers as I have seen it stated that they want: 1- the MC limit upped so less people have access to it 2- the mintage reduced so that the coins are more valuable 3- the limit removed so that only the elite can buy out all the stock and set their own price.
When that gas company does this every one calls it price fixing, or gouging. The statements being seen on this forum about how much I can profit from the people is eye opening and I believe an educational asset to the new comers as to the darker side of the hobby. Its almost like seeing dudes on street corners trying to sell Rolex watches that fell off a truck, buyer beware
Thats my rant, like it or lump it! I collect coins because I like how they look, and if I decide to sell its because I have lost my love for it.
G
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Pillar of the Community
Canada
590 Posts |
This is an old discussion. It was offered up some time ago that a new forum be created just for reason: https://goccf.com/t/14254964% of the people responded with: Quote: I feel it is all part of collecting and is part of a full informative conversation. or Quote: I don't think that this is necessary Only 5% selected: Quote: I would prefer that 'Coin Flipping' not be discussed Personally I could care less if the forum was split, but judging by the consensus and popular opinion, discussing coin for any other reason other than profit will be the sub forum I don't disagree that flipping has become a popular issue. If segregation is required to bring calm then so be it. But be true to yourself, which forum are you going to spend more time in, the true numismatic forum or the for profit forum?
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Bedrock of the Community
Australia
21788 Posts |
The CCF is full of learners and experienced folks, and the numismatic scholastic quality and tone of the posts will vary. I have learned a great deal about numismatics since joining the CCF, despite the fact that I have been a continuously active collector for 40 years.
I hope some of my posts have helped others, and I hope that I have given a few laughs as well, along the way.
I do not use the CCF for buying and selling. I have a wide range of personal reasons for not doing so. I sometimes DO bid at major auctions, with varying success.
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Valued Member
Canada
329 Posts |
I think this may be just a temporary thing as it looks like we're at a critical point with NCLT coins. Correct me if I'm wrong but I think Canadian Mint NCLT coins are selling at an alltime high. there's more collectors than there has ever been. we're seeing almost every coin release sell out yet the mintages keep getting higher and higher. naturally there will be flippers when this happens but at the same time, it might be a phase.
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Valued Member
Canada
370 Posts |
I starting reading this forum for the knowledge and information that was being offered by the fellow forum members. As more and more threads are published that contain less about coin collecting informatin and knowledge, I find I'm not enjoying them as much.
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Valued Member
United States
149 Posts |
You might as well get used to the flippers. They are going to multiply and overrun the place like cockroaches.
When you get inexperienced people doing it, they run all over the internet bragging about it and attracting others to do the same. They don't even realize that they are hurting their own profits. If they hadn't alerted everyone, they probably could have gotten more of the glass coins for themselves. But they are happy bragging and spoiling their own bed. LOL.
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Bedrock of the Community
Australia
21788 Posts |
If you are going to buy NCLT, the Mint usually publishes a lot of supporting information with the issue. UNLESS, of course, the issue is to be of only a few hundred or less, but that rarely happens.
Therefore at the time of issue and in most cases, not much scholarly information need be researched. This makes it easier for the newer collectors, and that is the way the Mint should make it, in order to expand their market.
If you are thinking of buying into an NCLT issue that was made 10 years ago, that is where the experienced collector of NCLT can really contribute. The Mint itself would have little interest at this point. They SHOULD have made their profit 10 years previously. Good luck to the investor if the issue of 10 years ago has proven to be a good one, and better than the Mint had anticipated.
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Valued Member
Canada
196 Posts |
I think NCLT is just a totally different world to coin collecting. Thus the difference in opinion when someone collects decimals. I collect both. For decimal collectors, these are the items discussed: Grades on my coin This coin I have might be a new variety I picked this coin at a crazy deal when it is a variety I am looking for Look at the die clash Could you guys see the tiny error or the crown and the doubling I think my coin is undergraded I am going to the coinshow No ending For NCLTcollectors: Who is ICCS Mint has a new product They are sold out People are flipping sold out coins and crazy prizes End of story ( lets wait for new product cycle) I think its quite unfair to just criticize nclt forum with discussions of flipping coin and profit because there are nothing to discuss about NCLT coin. The only thing they could discuss is how an item is sold out or if an item is going to be sold out which leads to the discussion of fliiping. I love old decimal coins and I collect them, never for resale and only selling when I am upgrading. It is the game. I love the new designs of NCLT coins, I did not want to get ripped off buying expensive on ebay. If possible I would like to get my NCLT coin for free from flipping. It is the game
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New Member
Canada
21 Posts |
From tocoins: "I personally think a sub-forum will help deal with the elephant in the room. We can selectively choose where to post and what to read. RFDer can benefit from a better forum structure. There's room for everyone."
I think that would be a good remedy for the situation. This way you can place your information in the correct category, and share it with the personnel who feel they can benefit from it the most. But I would be wary of creating a "CCF-RFD" sub-forum. The RFD forum is there for a reason. This would end up diluting the participation in the RFD thread.
The new sub-forum should be unique enough to separate itself from the CCF NCLT and RFD forums.
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Pillar of the Community
Canada
1581 Posts |
@MJT:
On just the one cent silver set, I posted:
Why didn't they make the large cent designs the proper form factor?
Isn't it disappointing that political correctness gets us "1" instead of "ONE"?
I think you're proving the need for a separate section.
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Pillar of the Community
 Canada
1502 Posts |
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Moderator
 Canada
10458 Posts |
"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
1502 Posts |
bit unfair I'm sure you yourself collect NCLTs
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Valued Member
Canada
96 Posts |
When the price is going too high, I simply strike the coin from my list as there are always some other beautiful coins available for reasonable price.
Honestly I can't understand all the hype for the butterfly and grandmother moon, to me even their issue prices are overpriced.
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Pillar of the Community
Canada
590 Posts |
Quote: If only knowledgeable collectors purchased coins,sales of NCLT would all but vanish I did not realize there was so much animosity between real coin enthusiasts and us moronic collectors of shiny colored bits of metal. I would have to say that comment is as valid as saying if you understood racing you would not watch NASCAR. Even if we were discussing art at its purest level eventually price would come up. NCLT may not be coins in the purest sense, but in my opinion are much more fun to collect than a coin with some mark on it that makes it more valuable.
Edited by Dooby Rak 03/31/2013 6:41 pm
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Replies: 37 / Views: 6,386 |