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 Replies: 74 / Views: 27,398 |
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Valued Member
Canada
396 Posts |
@unclekim, I can't totally agree with you but then I don't know if there were any other low mintage Olympic duds out there. Does anyone else know of any low mintage coins that don't do well at all?
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Pillar of the Community
Canada
1502 Posts |
Anything olympic rarely do well in the long run. Very few exceptions to that rule.
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Pillar of the Community
Canada
933 Posts |
One collector should buy all 20,000 Olympic pure silver loonies and melt them all down BUT 1...now then that coin would be worth something haha
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Valued Member
Canada
396 Posts |
20,000 is hard, but with a low mintage of 2,000 like the example I used, buying them at close to issue price and melted most of them down is totally feasible
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Valued Member
Canada
315 Posts |
Quote:
20,000 is hard, but with a low mintage of 2,000 like the example I used, buying them at close to issue price and melted most of them down is totally feasible
Yeah... And you would expect remaining 200 coins will go up 10x in price? :) Edited by unclekim
05/31/2012 11:37 am
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Valued Member
Canada
396 Posts |
@unclekim, the last Olympic is not that bad. It was held in Canada after all! :(
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Pillar of the Community
Canada
862 Posts |
an example is that vancouver olympic special edition 3 coin set, mintage 4,000, issue price 199, sold out quickly. right now you can get it at 249
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Valued Member
Canada
396 Posts |
Quote:
an example is that vancouver olympic special edition 3 coin set, mintage 4,000, issue price 199, sold out quickly. right now you can get it at 249 I wouldn't go as far calling a 25% return of investment a dud. I would be more than happy to put my life savings on anything like that, or even for less. |
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Valued Member
Canada
396 Posts |
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Pillar of the Community
Canada
862 Posts |
that's a good example:) 249 is the price I saw at kitchener dealer sale
the bad one: those hologram sterling olympic coins, on sale 25% off at downtown Vancouver post office one year after the games
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Pillar of the Community
Canada
3690 Posts |
It's a really nice set (got one a few months ago at the sale price) but the price is now 289 at C/A.
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Pillar of the Community
Canada
862 Posts |
yes, C/A has last set for 289, free shipping. this set probably holds value best among all canadian olympic coins
my point is that the demand for olympic coins are very low, with mintage only 4000, it didn't move much.
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Pillar of the Community
United States
2408 Posts |
For me, long term value of RCM or regular circulation coins isn't any better or worse than any other kind of collection. It's all about demand... and what others are willing to pay for what you have. As collectors, what do we have going for us: the metal content and face value. But since the RCM, through one of their rep, publicly stated that 'face value' of NCLT was just symbolic, we know where we stand on that. Don't expect to redeem your coins at a local gas station. Not that I would do that, but money is money, right? Wrong. NCLT isn't money.  One interesting trend lately has been a proliferation of non-silver NCLT coins that have done pretty well on the secondary market. Will this trend continue? Maybe. I speculate that these coins will eventually deflate just like the early 1971 & 72 double dollar nickel proof sets (if you are old enough to remember). With silver, gold or platinum at least you stand a chance of maintaining some value if the coin turns out to be a dud. But overall, don't get your hopes too high because, let's face it, our monetary system has changed a lot since the computer age and it will continue to change. One day, cash will not be used anymore (unless we have a huge meteor falling on earth or a nuclear winter). Coins will gradually become relics of the past. Demand (to hoard, collect, copy) will diminish with time until no regular person can recognize the difference between NCLT, circulation, fantasy or fake coins. Museums in the world will be filled to the roof with coins. In the end though, collecting should be more about fun than anything else. "It is difficult to make predictions, especially about the future" -- Albert Einstein |
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Pillar of the Community
Canada
1189 Posts |
Hi canadian_coins, I really like you point out the "face value" term. As a new collector, I am so confused about this. What are the NCLT coins? could you give me some example of this ? I am interested in buying coins that still have the value in future. If I buy pure gold, pure silver with the face value of $50, $100, $200, $300...In the future, do they still have that value of money + the gold value. If the face value of NCLT coins are just symbolic as you mention. Why RCM put high value on the coin? just to raise the price of it? Thanks |
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Valued Member
Canada
396 Posts |
@canadian_coins, thanks for your input!
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Replies: 74 / Views: 27,398 |
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Posted 05/31/2012 12:15 am
