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 Replies: 30 / Views: 3,780 |
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Pillar of the Community
United States
2408 Posts |
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Nothing wrong with collecting NCLT, if that is what interests you. Yep. Particularly here in the NCLT forum. Quote:
The problem lies in the fact that NCLT carries a very high premium ex Mint because they are trying to maximise their profit like anyone else. "Like anyone else", so that's probably normal then. Quote:
That limits aftermarket potential. Not necessarily. Some coins did very well, as the 2007 snowflakes. Largely considered overpriced, so fewer actually purchased and now are much harder to find. Thus... Quote:
You normally have to hold NCLT for many years to see significant real increase in value. The reality is that NCLT do not appreciate "over time". The majority follow base metal. Granted, NCLT are young collectibles (relatively speaking) so there may come a time when this factor plays a role. But not now. Quote:
My reaction to all of this is to build a collection that is truly of numismatic interest, and where I am not looked upon as a target of potential profit by numismatic marketing and advertising. How about building a collection that truly interests you? If only "out of pocket change" qualifies as "true numismatic interest" - then fine. What about TPG slabs of circulating coins advertised in CCN, are they OK? Quote:
I have never responded well to any sort of advertising, almost all of it annoys me. We see that. Annoying does not mean that it's bad, or wrong. |
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Pillar of the Community
 Canada
1733 Posts |
CC keep in mind I originally posted this in the main forum for debate on spousal impact on coin budgets, they decided it was of interest only to Canadians and moved it.
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Pillar of the Community
Canada
1502 Posts |
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But if Momma ain't happy, ain't nobody happy troo dat! odd, I can see this topic to apply to not just Canadians..... |
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Pillar of the Community
United States
2408 Posts |
Hum.... I see.
That explains why the posts were done in the "true" numismatic section.
Edited by canadian_coins
01/11/2012 9:59 pm
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Moderator
 Canada
10458 Posts |
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I really do not like most of these coins, typically if I buy a collection that includes NCLT items they go to the auction and start at a buck regardless of theoretical value. Interesting... and just where are these auctions you speak of? As a nickel dollar collector and variety hunter, cheap PL and Specimen set and cased nickel dollars are great hunting grounds... "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
1733 Posts |
I've mentioned in the past one of my cousins runs a small live auction house, I do some technology work for him, he sells what I want to sell or takes it further south to yet another auctioneer, depending. He also has a full time helper and she does ebay so they started a coins selling account. I also BUY from the auctions since coins are a common thing to find in estates. I pay no consignment fees to consign and I bid up (with genuine purchase intent) the good stuff enough that his other consignors are happier with what they get because I create genuine competition even for bulk scrap. I'd say overall it accounts for .5% of what I play with. Usually I just roll the nickel dollars up and deposit them unless they are in clamshells, then I sell them at live auction for their usual two or three bucks or whatever they bring. Honestly. However that's changed as apparently I'm setting them aside now and sending them away for peer review. Imagine that. |
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Valued Member
Canada
451 Posts |
I have been studying the NCLT coins for a while now and I have found that if the coin is going to appreciate, it will on most occasions appreciate within the first few years depending on the popularity of the coin. As already mentioned, 2007 was a great year for coins. Don't forget about the Dinosaur Fossil and the famed Nuthatch from 2007 to go along with the Crystal. The Nuthatch is actually the one that had the greatest growth of all of them. The problem with NCLT's and depreciation is once the coins/series lose interest. This usually takes about 5 or more years to happen. Once the coins lose interest, then the depreciation curve starts and the value of the coin drops steadily while the precious metal value increases, eventually these meet. There isn't a lot of pre-90 NCLT's that are worth anything other than the metal value.
The other challenging this with NCLT's is that it is very hard to predict when something is going to lose popularity. I don't think all coin series are loved in the same way. Eventually people got sick of the Dinosaurs and the 2007 coin has been in steady decline over the last few years, but the 2008 Triceratops has only gotten more valuable in that time. Then there's the Nuthatch, which defies all laws of STEEL coins. I am getting the sense that the bird watching community is large, and many bird watchers happen to be coin collectors. Will this series ever go away, I happen to think not anytime soon.
I don't collect coins to be an investment, but it is hard not to pay attention to their worth.
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Bedrock of the Community
United States
10038 Posts |
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they decided it was of interest only to Canadians and moved it. There are a few of us Southerners that relate.  There have been NCLTs I liked and ordered - but very few. The main one being the blue, enamel covered Milk Delivery token a couple of years ago. I think the main reason I wanted it was b/c if someone 20 years ago had told me that someday there would be a mint-issued coin commemorating something like this, I would have said they were crazy!  @Ugly Its funny you posted this on the 9th. It was also the 9th my spouse and I sat down & talked about an RCM purchase. No problems at all -- however, that's also b/c I keep my hobbies self-funding How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
United States
404 Posts |
I was having a discussion last night about Ugly's Avatar. It's technically legal tender(not that anyone would spend it, I understand that). BUT...let's say someone decided they wanted to spend it. Does the diamond have to be in it to still be considered legal tender? If it's removed is the coin considered void, and no longer worth $300? Can you remove the diamond and spend it as $300 face value?
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Moderator
United States
188770 Posts |
Everyone is right, it has become a much broader thread. I moved it before thinking it would center on the coins.  I moved it back to the main. This would not be the first time a topic move has gone full circle.  |
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Pillar of the Community
Canada
1733 Posts |
No problem Jbuck, if I had actually been concerned I would have written a note to staff, thee was nothing snide in my comment, it was just factual and I wouldn't even have mentioned it but Canadian_Coins thought we were "dissing" the NCLT in the NCLT forum. I know you guys have enough to try and sort out so it wasn't an issue. But thanks for thinking about it.
In the meantime and back on the ranch I have subsequently been ordered to acquire Pandas, Philharmonics and various other global bullion rounds. I am actually afraid to tell the community what her plans are for them so I'll leave it at that. My only observation here is I'm starting to hate flyers and brochures and I'm definitely going to have to start making the drive to pick up the mail myself.
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Pillar of the Community
United States
2408 Posts |
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Canadian_Coins thought we were "dissing" the NCLT in the NCLT forum. Bringing the battle to those who have home advantage showed a certain degree of audacity I thought. But it's totally fair in either forums, I tried to dissect the main elements of a post that I felt had a few holes in it. But there was nothing outrageous about it. Deja vu.  |
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Valued Member
United States
89 Posts |
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I was having a discussion last night about Ugly's Avatar. It's technically legal tender(not that anyone would spend it, I understand that). BUT...let's say someone decided they wanted to spend it. Does the diamond have to be in it to still be considered legal tender? If it's removed is the coin considered void, and no longer worth $300? Can you remove the diamond and spend it as $300 face value?
Can I chip the side of any coin off and will that still be considered legal lender, in most countries yes as long as you don't do it on purpose it won't be a crime. |
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Pillar of the Community
Canada
1733 Posts |
@akane, the face value of the coin would be honoured for redemption by the Royal Canadian Mint even were the diamond missing. If you were to submit a damaged loonie missing it's plating, they would also redeem it for face value. Technically, it's the Bank of Canada who holds full responsibility on this, but the Mint WILL give you back your loot at face value. |
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Valued Member
United States
404 Posts |
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Replies: 30 / Views: 3,780 |
First Page
Posted 01/11/2012 9:47 pm
