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 Replies: 53 / Views: 8,616 |
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Pillar of the Community
Canada
5324 Posts |
The other way to look at this scenario, is that 75% or more of recent NCLT this is market price, almost any sales on ebay are below issue except for the 5 to 7 hot coins a year. |
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Pillar of the Community
Canada
6768 Posts |
 yes, that's what I think: this shouldn't make us grabbing all this discounted stuff. |
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Pillar of the Community
Canada
3690 Posts |
Despite the conjecture. most modern NCLT do not sell for 50% of issue. Many sell for less than issue but market price is infrequently 50%. Personally, I collect 1oz silver maple leaf coins including the coloured bullion series ( RCM issues not the PMDs) and I wanted this particular coin when it was issued. I simply would not pay 110$ for it. Similar case for the green one which I would buy for $50 (even USD) but I haven't seen it for that price. At this current sale price, I bought it. But if a dealer was selling Superman coins at 50% off, I still wouldn't buy them. Not my thing. For me at least, it's definitely not a case of buying just because it's a 'deal'. Like every coin I buy, it's going into my collection. |
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Pillar of the Community
Canada
6768 Posts |
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At this current sale price, I bought it. But if a dealer was selling Superman coins at 50% off, I still wouldn't buy them. Not my thing. I liked this one. I also love the Colorized Maples, just feel that they become too many. Wanted to buy the recent one ($20 coloured, not "jade"), but gave up. |
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Rest in Peace
Canada
1360 Posts |
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For me at least, it's definitely not a case of buying just because it's a 'deal'. Like every coin I buy, it's going into my collection My sentiments exactly |
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Pillar of the Community
Canada
746 Posts |
I would be cautious on this one. Although the discount is attractive, how do you know you won't get a flawed or low grade coin? How would you go about returning it and what would the cost be, if so? Silvertowne has several of these coins in high grades. Could it be that the coins in better condition are sent out to be graded and the knock-offs are then sold at a discount?  http://www.silvertowne.com/p-23143-...y-label.aspxThoughts?... |
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Pillar of the Community
Canada
6768 Posts |
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flawed or low grade coin I think, people identified this as exact reason for sale. The coins, that have been returned from grading company discounted (well, I do not know how it works there exactly) But, doesn't that mean, that the coin isn't good. I am not sure that I will distinguish between MS 70 and MS67 (does it exist?), according to all posts here and other forum, the people got nice coins. |
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Pillar of the Community
Canada
746 Posts |
Good to know, Silveroid! If people are happy, that's a good thing.  A tempting price, but still, a bit of a risk. I'll pass on this one... good luck!  |
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Pillar of the Community
Canada
867 Posts |
I think allspice and Silveroid have nailed it!
Silvertowne is probably trying to dump their stock of imperfect coins. If it's true this doesn't say much for their integrity nor the mint's quality control.
For the record, I bought a red enameled Maple Leaf from the mint at issue price. It has no flaws and I like it. I passed on the greenie.
Edited by NuMoosematist
09/20/2014 7:16 pm
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Pillar of the Community
Canada
2124 Posts |
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Silveroid
I think, I waited to post like this...
Tell me guys, please, do you all liked this coin and waited for the discounts? Interesting question. In the NCLT section, I've 3 types of coins in my waiting list: 1) "Hot coins". A coin that I like very much, that it's almost sure I'm going to buy it anytime soon, just waiting for a good deal or to have the enough budget. In this category, these are coins I love and the future market value is irrelevant. 2) Coins I like, I would like to have them but it's not a must. It would be nice to have it if a good opportunity arrives so the price plays a very important factor. I would take these coins only if I think the future market price of the coin won't decrease . The Mapple Leaf Impression coin it's in this category. Buying it at $54 there is no risk and I like the coin. 3) Investment coins. Coins that I like or not, but that I buy just with the intention of making a profit in the future when selling them. |
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Pillar of the Community
Canada
1751 Posts |
@'Arianzo, I like how you've broken down, the decision making process into 3 separate and distinct criteria. I follow these criteria and process very closely. I now have coins, that fit neatly into one of those areas.
My only change is on investment type coins, I must like them and be willing to add them to my collection. Especially since I may have them many yrs, or they would fail to break even, when finally sold. I must like a coin to willingly spend money on it.
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Pillar of the Community
 Canada
2360 Posts |
So the first coin in the series was the non-coloured coin with the neat design, 1/4 ounce for $59.95, $3 face value. Still seeing this one at the Post Office, nice design but a small coin. I passed because I hate paying that much for 1/4 ounce, (Martin Short coin was $3 face and 1/4 ounce for $49.95 with intricate design). Then the red maple coin came out at $20 face and same mintage, 10,000 for the 1 ounce coin at $114.95, again nice design (again) but way overpriced. Now we have a series with the green one, no extra money invested in design, just infill with a different colour enamel. So the mint makes a good profit for no extra work or investment in design labour on their part, just shoving blanks through the press and colouring. Sounds about right. This is what is killing NCLT, discounted coins only months after release. For those that like them, all the power to you, nice to have in the collection. I will stay away.
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Valued Member
Canada
233 Posts |
I "warned" people about the same as allspice, with SilverTowne selling non-graded at a discount besides graded ones.
Actually, there wasn't any "accusation" or statement that they were defect or not good coins, as I never ordered from them before, but more as a questioning.
But then I ordered one myself at the deep discount of 50$, and received it and I'm very happy of what I've received. This coin is flawless in my naked eye, not sure I could differentiate a 67 and a 70 honestly so I'm happy with what I have.
I still believe you will never receive a 69 or 70 from them when bought ungraded, but still they won't sell a defect coin neither so as long as you're not looking at your coins with microscope or want it to be graded, I now have full confidence in quality of these coins.
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Valued Member
Canada
480 Posts |
What a world we would live in if the mint sold their 1oz coins at $50-60. ( obviously not talking about their bullion department )
The coin I received from them was beautiful. I wanted to pick this coin up a while ago, I was trying to snipe an auction from CA at around $90 but failed then I just gave up. When I saw it on silvetowne it was a sign. As long as you get enjoyment from the your purchase it doesn't really matter what you paid for it.
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Rest in Peace
Canada
1360 Posts |
Received Red Maple from Silvertown today. The COA is #01244/10,000. Suggesting to me that they had ordered these quite early after release (2013). To compare, I also received today the 1st Star-Charts coin directly from the mint COA #5407/7500.
This suggest to me, that despite early orders on M/C status, the mint fills orders for their dealers first, and M/C members are second, and just a bit better than the general public orders.
btw, the coin I received from Silvertown is flawless. Much more impressive a coin than I had imagined from the original pictures provided on the mint web-site.
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Replies: 53 / Views: 8,616 |
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Posted 09/20/2014 11:15 am
