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Replies: 2,778 / Views: 301,087 |
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Pillar of the Community
Canada
685 Posts |
Maybe now still good time to buy this 1914 $5, after BoC announce the number of melt coins, it may take off to a higher price e.g. $2k, who knows~
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Valued Member
Canada
430 Posts |
I like the way you put it MJT. Nice one!
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Pillar of the Community
Canada
1571 Posts |
Swrbxxx You may find it laughable. I find it realistic. I've yet to see more coins produced than stated in advertisements. I may be wrong with that comment with my limited experience collecting coins. I think a lawsuit might be a bit far fetched but it would give you a leg to stand on if enough collectors complained about it. Nobody enjoys being played as a fool. I bought these coins partly because the remaining coins were to be melted. As to coin collectors only being for baby boomers, I beg to differ. I starting collecting them a few years ago with no influence by anyone and I'm currently 31 years old. I've got several family members under 15 years old that also collect coins. As to having more of these coins available to spark an interest with new collectors, I disagree completely. No new collector is going to be starting a collection with a gold coin that's just under a 1/4 oz gold. Just the value of gold (assuming you could even buy one of these coins for just the gold value) would set a new collector back around $370. I've been collecting for years and feel these coins put me a whole different league than previously.
MJT Grapes are great! Especially for wine lovers. I prefer beer.
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Pillar of the Community
Canada
1571 Posts |
Would anyone be willing to place a wager on whether these coins will be released again? I'd put all my coins on no.
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Valued Member
Canada
147 Posts |
First off, I'm 26, not born in Canada (Half Lebanese half Venezuelan)and I collect coins. There is no age or any other prereqs for coin collecting. second, I think someone should e-mail the RCM and ask them to reveal whats going to happen to the rest of these coins.If, they will be re-sold, I would certainly file a complaint with the competition bureau. this link might be of interest : http://www.competitionbureau.gc.ca/...g/01235.html
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Pillar of the Community
Canada
1571 Posts |
I don't think someone should ask them, I think everyone should.
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Pillar of the Community
Canada
1571 Posts |
I don't think someone should ask them, I think everyone should.
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Pillar of the Community
Canada
834 Posts |
There has been a few coins the RCM has released that has exceeded the initial mintage. When it comes to these gold coins Its simple supply and demand. Both the supply and demand are both there, so I cannot see why the mint would not capitalize on this. Look how many coins went to "private dealers" those numbers were not included in the initial release numbers, and we're only found and talked about months later. These coins are a good entry point coin as they will also hold bullion value, and to me gold and silver are a great investment in the years to come. If the coin does not get a person into numismatics then hopefully it gets them into bullion investing. As for coin collecting and the future I see numismatic coin trends taking a huge hit. Go to any show, convention, the general age is the 40+ crowd. I am apart of the younger generation being 27 years old, and don't see the market improving with the next generation's becoming "coin collectors". If anything I see more of my generation investing in bullion rather than coins with numismatic value. For the record, I did buy 8 of the $5 coins. It is a good looking coin with some history behind it. I Kept one of each year and flipped the rest into pure gold and silver. I guess I should just return to the PM section of this board. As I only see these coins as bullion pieces, and only the best of the best having any sort of numismatic value and even those coins will sell under trends since so many coins have been introduced.
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Valued Member
Canada
128 Posts |
I don't think the mint would go back on what it said.They seem to have a very good collector base buying their modern coins and I don't think they would want to wreck that.I don't know if it means anything or not but the mint brought out at trading vehicle around nov-dec that allows you to buy physical gold and store it at the mint. I believe the symbol is "mint". This trading vehicle at my brokerage co. allows you to actually take delivery or just store it at the mint.I remember it because it came about the same time as the "melt'.
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Pillar of the Community
Canada
1571 Posts |
I've emailed the mint and asked about the melting of the coins. I'll update when I get a reply.
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Pillar of the Community
Canada
685 Posts |
Quote: I've emailed the mint and asked about the melting of the coins. I'll update when I get a reply. 
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Pillar of the Community
Canada
1571 Posts |
Swrbxxx Which coins have been produced beyond the stated mintage? Also, it stands to reason that the majority of people at coin shows are older than 40 because of the high cost of the hobby. Have you noticed anything about the ratio of males to females at shows as well? I wish the ratios were balanced. My wife won't even go with me to shows.
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Valued Member
Canada
99 Posts |
I'm 21 and I love collecting I set aside money every month sure its an expensive hobby but we all do it because we love it. And there's coins in any price range.
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Valued Member
Canada
196 Posts |
I think Numismatic is an expensive hobby, especially when you start to commit to gold coins. I dont believe I would have the cash to support this hobby back 10 years ago in my 20s. Now with a good job, and the extra cash you can afford more expensive coins. This translates to why you see most numismatist to be older in age and thus why you would see most people in the 40s and above at coin shows. This is just the nature of coin collecting. Just like drinking wine. When you are in the teens you just want to get drunk with beer and hard liquor etc. when you grow in age, you learn to appreciate the higher end liquor and the more expensive wine. you would not be saying that collecting red wine is a dying breed as most of the buyers at wine auctions are people 40+.
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Valued Member
Canada
430 Posts |
Say goobye to cheap beer and wine in my 20s, and welcoming in fine Cognacs and these gold coins in my 30s ;). Fulfilling my hobbies now because of my better paying job and no debts.
@swrbxxx: of the $5 gold coins you purchased and issued by the Mint and that you are planning to flip, I will save you time and trouble and be more than happy to pay bullion value for them. Of course MS60+ condition, I will happily accept.
Edited by Coinsplus 03/14/2013 11:00 pm
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Replies: 2,778 / Views: 301,087 |