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 Replies: 137 / Views: 17,210 |
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Pillar of the Community
 Canada
6768 Posts |
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If governments set prices for things we'd all be starving I think. Not easy to predict... Decades ago, East European countries had the model, where the manufacture wasn't in private hands. So the prices set on the government level. Funny to think about the price tag embedded into the item in the production process. Well, the model crashed, but the people hadn't starved - was curious to find official old pictures from "Life" magazine from behind the iron curtain. |
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Pillar of the Community
Canada
586 Posts |
@canadian_coins So I saw somewhere that if the price of silver continues to hover in the price range it currently is in. That the companies that mine it will stop and move on to other minerals. The report said that it is just not worth the mining operations to mine silver anymore. Since silver is still used for wiring and other applications. As you said 45% is for jewelry and coins ect.. That still leaves 55% of the market for other applications which is huge demand.
My point is, if mining operations dwindle and the 55% other applications are still calling for silver, will that alone increase the value.
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Pillar of the Community
Canada
5324 Posts |
Not really, silver is a byproduct of most mining operations gold, zinc, lead, copper you name it, except for a very few primary silver producers they will sell it at market price, cost a lot to decommission a mine that's why primary producers still operated in the late 90 at around 5 bucks an oz.
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Pillar of the Community
United States
2408 Posts |
The future is always a difficult thing to predict.... but I think silver will eventually return to the $8-$10 range or maybe lower. This is just my gut feel. Unless something extraordinary happens in technology or if gold goes to $7,500/oz. That could possibly carry silver over the $100 barrier.
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CCF Master Historian of USA Commemoratives
 United States
12322 Posts |
I'm surprised that the Colville Commemorative Proof Set continues to be available for purchase. It has yet to be included on the RCM's "Approaching Sell-out" list, which suggests that it has sold less than 75% of its total potential mintage of 20,000 sets. I thought the popularity of Colville's designs would have driven a better sale volume. It's likely a combination of the price ($234.95) and collector fatigue - just too many "Canada 150" releases. It also didn't help that it was released after Canada Day 2017 and after most casual collectors had likely already purchased their numismatic souvenirs of Canada's 150th anniversary. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
2408 Posts |
@commems - When I saw this 1967-2017 set I just jumped on it without even looking at mintage. Indeed 20,000 does seem a bit high for NCLT and it may take a while to sell out. Oh well...
Collector fatigue and price definitely won't help NCLTs in the long run.
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Pillar of the Community
Canada
2984 Posts |
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I'm surprised that the Colville Commemorative Proof Set continues to be available for purchase Not surprised at all that it is not sold out. 20,000 is way too high a mintage for a product that has little relevance to people (besides coin collectors) born after 1967. Look at the demographics, you need to be over 60 or your late fifties to remember the Centennial year of 1967. Also, there have been a lot of immigration since 1967. Most immigrants have never experience the Centennial year and have no idea who Colville is. For the general public, $235 is too expensive for something they can't relate to. I was around in 1967 so I automatically bought this set. Edited by MoneyPenney
08/20/2017 12:54 am
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Pillar of the Community
Canada
634 Posts |
So then how would be the best way to have a post '67 born collector find something meaningful to Colville's classic design...
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Pillar of the Community
Canada
6768 Posts |
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Most immigrants have never experience the Centennial year and have no idea who Colville is.
For the general public, $235 is too expensive for something they can't relate to. Yes, this really truth. **Most coming people will not remember, if asked, what depicted on the ordinary quarter. **For the price - CAD 100 for base metal proof set will be more preferable, than CAD 234 for the silver. Edited by Silveroid
08/20/2017 08:29 am
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Pillar of the Community
Canada
3690 Posts |
Available for less than a month to MC and less than three weeks to the general public. That's a lot of product to move in August no matter what the design. It is the most reviewed product from the August release on mint.ca with most having very positive opinions save a couple who are upset by packaging. Oddly, a couple complained it was too expensive but wanted a $20 pure gold coin included instead of a plated one.   It is also the most talked about recent set (and SD) on this and most other coins forums. Clearly, there is a great deal of interest in the coin collecting world. I doubt the target mark is people who remember 1967. Those folks are 70 or 80+ years old. Even at 60, that means you had a 10 year old coin collector in 1967? I don't see a lot of kids that are coin collectors and I doubt there were many back then. While, coin collecting tends to be an older persons hobby, respectively, seniors with $235 laying around to spend on a little nostalgia seems like a stretch. I also would not place this at the foot of 'immigration'. The vast major of Canadians today were born here and have no interest in coins regardless of the design or significance. Given a few months, I believe this set will sell out just as the Home and Native land set sold out last winter. |
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Valued Member
Canada
367 Posts |
The 1967 set belongs to the era of 1967. It doesn't belong to 2017.
A replica may increase in value, but not as much as the original design. Because from 0 to 1 is revolution; from 1 to 2 is only incremental improvement.
I understand most of you buy this set because of nostalgia. That's fine. Collecting coins always has an emotional component. But for people like me, this hobby also has an investment component. I want my coins to hold value or even appreciate with time.
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Pillar of the Community
710 Posts |
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I'm surprised that the Colville Commemorative Proof Set continues to be available for purchase. Neither am I surprised given that price and mintage. IMHO no encapsulated coins was a huge mistake. Edited by Alex A
08/20/2017 11:43 am
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Pillar of the Community
United States
2408 Posts |
Quote:
The 1967 set belongs to the era of 1967. It doesn't belong to 2017. Quote:
...product that has little relevance to people (besides coin collectors) born after 1967 As if we had to live through past wars, or be there during certain periods of our history... I'm really surprised by some comments here. So what part of history doesn't belong to 2017? |
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Valued Member
Canada
367 Posts |
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So what part of history doesn't belong to 2017? I was surprised by some comments too. Because certainly I wasn't talking about history. I was talking about the 1967 set. |
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Pillar of the Community
Canada
634 Posts |
Not sure it's nostalgic so much as it's a very appreciated design now in glorious proof-that has many buzzing about it more so than the big coin series which was not exactly a replica per se
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Replies: 137 / Views: 17,210 |
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Posted 08/18/2017 07:56 am
