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 Replies: 70 / Views: 8,992 |
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New Member
Canada
31 Posts |
@pocket change 50- his ( dealer) company sells/buys silver/gold, so I wouldn't sell him my NCLT. It's all about investment. I'm contemplating about buying a silver bar.
I guess the bottom line is, he doesn't see NCLT or Maple privy's as an investment, but as a hobby. He did give me a good deal on 2015 maples. I packaged them (Maples) and gave them out as Christmas gifts.
Apparently, silver is suppose to be going up in value, but they have been saying this for a few years- I need a crystal ball.
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Pillar of the Community
 Canada
1751 Posts |
@kuh85, I just read your post on pg 1,somehow I missed it. Its very insightful, especially concerning the 99 cent auctions and consumer feedback loops. I wonder how long it takes any mint to respond to reduced orders from both direct buyers and their dealers. Its now 3 years of massive releases, hopefully this year we will see the result of fewer sales. However, the RCM has had 99 sell outs, so I wonder how much they will alter former patterns. It is interesting how a few years back 7500 was considered low and now there is no excitement over a 3 or 4 thousand mintage. It is far better than the mintages of the 1980s. I think as time goes on people are becoming more discerning in their spending habits and want more for their dollar. Also there is an explosion in the nclt coin market from world mints. So the comment that collectors have become fragmented is most likely true. |
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Pillar of the Community
Canada
2845 Posts |
Quote:
When a government can print money out of thin air, what reason is there for taxation of any kind other than a history of oppression?
Yes I'd certainly agree with that. Somehow I missed all or more of a decade when it came to be that big govt was a necessary and noble cause. So to clarify, I suppose one could say my question simply reflected the tone of political correctness that is a very prevalent attitude of the day. Anyway, back to the topic..... |
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Bedrock of the Community
Australia
21786 Posts |
World mints have just about finished with killing off the goose that laid the golden egg.
The collector market for NCLT is strongly over saturated with new issue supply.
Increasingly, we will find 'tanking' stories like this one, if the new NCLT oversupply continues. While mints continue making their profits in the current way that they are doing, and not thinking about their increasing less loyal customers, this situation will continue unfortunately. That is very sad.
That is why it is increasingly very difficult to buy a new issue, then sell it for a profit in the NCLT aftermarket, even after decades.
For the specialist 'wolf' in the aftermarket, there are increasingly more opportunities. If the NCLT new product over supply continues it will be easier to buy NCLT for bullion value only, in the aftermarket.
The silver stashers are coming in for the kill!
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Pillar of the Community
United States
3789 Posts |
I think privy marks on bullion coins that are massed produced are a joke and just another gimmick.
Take a look at Colonial Acres sale, they have what those 16 year old maple leaf 1/10 privy coins with the anniversary privy and they are not holding their value at all.
other privy marks tho, it appears on a proof coin, with limited mintage run, do seem to hang in there, tho again, it is all about where you bought at.
I mean does anyone know what the Tulip privy mark maple leaf initial release price was?
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Pillar of the Community
Canada
1751 Posts |
I wonder if there is a growing trend of collectors selling their own coins, as opposed to selling to a dealer. Especially those who are in no hurry and have the time. The internet has opened up more opportunities for selling.
Edited by pocket change 50
01/19/2016 7:54 pm
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Valued Member
Canada
343 Posts |
Not a huge collector at all - just started in the last few years and still learning and finding even that thinning out the few coins I have - especially NCLT is a challenge. I've had an ebay store for about 5 months now and am truly surprised at the lack of interest on coins. Perhaps I am doing something wrong but I'm getting more interest on kijiji locally - which is fine - don't have to pay ebay 10% which I'm okay with. |
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Pillar of the Community
Canada
2984 Posts |
Quote:
I wonder if there is a growing trend of collectors selling their own coins, as opposed to selling to a dealer. Especially those who are in no hurry and have the time. The internet has opened up more opportunities for selling. In the days before the internet and ebay, the only way to sell your coins except through your local coin shop. Then, as now, they give you 25-50% of issue price. The internet and ebay has been a boon to collectors as they are no longer held hostage by local coin dealers. Especially if your city/town has very few or no coin shops. Now you have a world wide audience. |
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Pillar of the Community
United States
2408 Posts |
Quote:The internet and ebay has been a boon to collectors as they are no longer held hostage by local coin dealers. Especially if your city/town has very few or no coin shops. Now you have a world wide audience. Absolutely! This is the only way that I can reasonably sell my Canadian coins from here in Arizona (except ICCS coins of course). |
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Pillar of the Community
Canada
1751 Posts |
The last few days I have been hanging out on the US nclt coin forum. What a different animal! I have been reading the threads on the 2015 releases. Wow the excitement the coin and chronicles reverse proof sets have generated with mintages of 17k-50k The US mint sells out in 15 mins, it is just incredible and the profits that were made too. There is real buzz with those sets.
The other thing I noticed is how important grading is in the US. Seems to be a huge factor even with modern coins. Many chasing the elusive MS70. It is so different from the Canadian approach. I realize their population is 10 times larger as well. It is an eye opener. I understand a bit better why our coin dealers are getting into grading nclt coins.
Their coin show host Mike males our Steve look like an amateur, as well as more honest. At least Steve offers new coins at issue, not the US guy. He also call our $20 for $20 Superman a low mintage coin. I guess its all in your perspective, what is a low mintage. I need to start a thread on difference in style of collecting between the 2 countries.
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Pillar of the Community
Canada
1751 Posts |
I have also been reading Coin World column, the analyst it gives a broader perspective. Its an eye opener and gives a different perspective, especially when reading the comments. It just be a downturn in local markets. Especially in auctions, however, prices are still high in BINS. Also as collectors aren't we keeping the coins we buy. What is changing is the opportunity to fund your collection by flipping. Flipping is a rather new approach, made possible by ebay. All of a sudden everyone is dealing coins. So now there is a lot more competition, which can drive prices down, with sellers trying to under bid each other. What other time period in history offered this opportunity of selling your own coins to a world market. Yes the large number of releases in this market are having an effect on prices. Many collectors got spoil by buying extras to sell, in order to fund their collections. Reading the US nclt forums this is very apparent for the hot releases. They are very up front in talking about buying extras to resell and the price increases. I think since flipping has declined in Canada, now collectors have soured on Canadian coins. What has happened to being happy with buying to just add to the collection. This was the way it was prior to ebay. I think the ease of ebay has changed the way we see and think about modern coins. Maybe we have gotten spoiled by funding our collection through flipping, hence the sour grapes talk. Things are always changing, an ebb and flow. No one can see the future. Its why the best advice is to carefully consider the next purchase. |
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Valued Member
Canada
256 Posts |
" Its why the best advice is to carefully consider the next purchase."
Both for collector appreciation or flipping
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Pillar of the Community
Canada
1751 Posts |
I just finished reading an interview of a dealer specializing in European modern coins in the states. He values nclt coins as artwork, done sometimes in very innovative ways. He said nclt is different than circulating coinage. Circulation coins are a means of exchange, where nclt coins are more like small works of art. This distinction makes a lot of sense. It explains why there can be two types of collectors and the different reasons behind specializing in one or the other.  I like nclt coins to appreciate the artwork. Money isn't lost until its time to sell, if we keep selling our coins, our collections would be bare. I think we need to take a hard look at why we buy the coins we do, what are our intentions and end purposes. We all want cheap coins, however when prices cheapen, we all complain the market is crashing. Now we cant have it both ways. We need to choose one  . Edited by pocket change 50
01/26/2016 6:33 pm
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Pillar of the Community
Canada
5324 Posts |
If one has any doubts about the health of the market place, TCNC has a whole auction of RCM products in a few days. Almost sure it's not going to be pretty, if you compare an artist who gets greedy and say allows 10,000 prints to be created, we can almost be assured that these prints will fall in value. |
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Pillar of the Community
United States
3789 Posts |
I will gladly pay up for a coin IF
a- it is something I like..
b- it increases in price in the secondary market after sometime..
one coin that I did break down to buy was the silver 2015 Back to the Future coin with the Delorean.
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Replies: 70 / Views: 8,992 |
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Posted 01/18/2016 11:23 pm
