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 Replies: 242 / Views: 33,456 |
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Pillar of the Community
Canada
981 Posts |
We sell coins on this forum too so talking business is fine if you do not like it I suggest you move along to another forum that does not sell anything at all.
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Pillar of the Community
Canada
2426 Posts |
You cant compare scalping to collecting.
I can not go out and get hot tickets at a reasonable price and resell them for a profit but I can spend $1000 at the mint and become a Masters Member and take advantage of possible Hot releases!
All of us could become Masters Members but most of us choose not to.
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Valued Member
Canada
153 Posts |
Don't buy this coin and let them try
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Pillar of the Community
Australia
7096 Posts |
Quote:
You cant compare scalping to collecting.
I can not go out and get hot tickets at a reasonable price and resell them for a profit but I can spend $1000 at the mint and become a Masters Member and take advantage of possible Hot releases!
All of us could become Masters Members but most of us choose not to.
I have to disagree with that. Looks like all the big players bought out this issue before the mum and dad collectors had a chance to get one so that they could inflate the price because there were none left at the mint to purchase. I wouldn't call it scalping but Market Manipulation sounds like a better description.  |
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Moderator
 Canada
10458 Posts |
I think for this issue, patience will reward the collector who wants one. With 10,000 minted, there will be a ton of these available in a year from now. Last week at Nuphilex I was surprised how low the Queen Mum and red enamelled maple leaf coin were selling, and those were half the mintage. People are opportunists, so everyone grabbed 3 or more, hoping to cash in on the ladybug's success. The lucky few will sell quickly, and make a buck. But this is not an investment coin... For me, the platinum leaf is investment material (long term).
I did not buy the bumble bee. I like the dinosaur coin, but that bee is pure giftware... and I hate it.
"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
Edited by SPP-Ottawa
04/07/2012 01:32 am
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Pillar of the Community
United States
1454 Posts |
Hopefully, they'll sell for under $100 in six months and then the rest of us can get one at a bargain.
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Valued Member
Canada
451 Posts |
What will happen is that the prices will skyrocket to about the price of the Ladybug, but eventually the market will be saturated because there isn't enough collectors demanding 10,000 of them. ebay will be swamped with these things for a year. The price will slowly depreciate over the course of the year as dealers desperately try to get rid of them. Next year, as the new coin gets released at a higher mintage, dealers won't buy into them since they had a hard time moving the Bumble Bee. This will mean public collectors will finally see these coins and be able to get them. This will spark a bidding war on the remaining Bumble Bees and skyrocket the price of the Ladybug. |
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Pillar of the Community
United States
1454 Posts |
I tend to agree with you, L. The doubling in mintage all but guarantees that the Bumble Bee will never reach the same level of demand, or monetary heights, as the Lady Bug. Look no farther than my icon. People loved the design at first and drove up the price rather quickly. So the mint turned around and ratcheted up production just like with the Bumble Bee and then went a step beyond as the years went by, releasing multiple designs with the Swarovski elements. AFAIK, no other coin in the series has come close to the prices that the original two commanded. Even if the mintage had remained on par with the first one, just being second in the series would make it less desirable to hardcore collectors. If one is looking to turn a decent profit, sell while the iron is hot, and I'd wager it will never be any hotter than over the next four to six weeks. Like I said, I'll buy one if the price goes a little below $100. I certainly don't know for sure whether that will ever happen or not. But otherwise, no interest here.
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Pillar of the Community
Canada
1502 Posts |
+1 on Lithanial and traevin's view. The scalpers and hoarders will be pleasantly surprised 2 months from now when they are faced with an oversaturated marked. I don't think the price will ever drop below issue price, but that will be punishment enough as fees associated with selling will have to be absorbed.
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Valued Member
 Canada
457 Posts |
I received a friendly reminder from the mint today to order my bumble bee before they are released to the public. What a joke.  |
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Rest in Peace
United States
2668 Posts |
A sad way to operate a mint. Did they outsource management to the US?
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Valued Member
Canada
451 Posts |
Whenever I talk to a Mint rep, I feel that I know more about their coins than they do.
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Rest in Peace
United States
9104 Posts |
I get a kick out of ppl who point out a coin that is almost a guaranteed money maker, then post six months later, "wish I had bought more than one".
If you buy into sure things, even on credit, reselling them at huge profits is how you finance future buys.
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New Member
Canada
18 Posts |
online sold out for everybody now!
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Valued Member
Canada
153 Posts |
DON'T BUY BUMBLE BEE FROM "speculators"
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Replies: 242 / Views: 33,456 |
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Posted 04/06/2012 10:01 pm
