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 Replies: 152 / Views: 16,278 |
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Valued Member
Canada
110 Posts |
Quote:
Why collect something if it holds no value? I agree with Singh about the last part but disagree as I would never associate collecting as a hedge against inflation. I just posted the entire definition from that dictionary site. I only agree and was making point to the bolded section PS: How do you edit your post on this site? |
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Pillar of the Community
Canada
746 Posts |
I think it is a good thing if the value of coins goes up. They needn't go up overnight, which of course is a flippers dream, but over time is fine with me. A mintage of 10000 for the butterfly is reasonable in comparison to say the 2005 enamel Red flag or 2002 Queen Mother dollar with a mintage of 5000. Any higher than that and everyone and their grandmother will buy the venetian butterfly and make a necklace & pendant out of it for a Mother's day gift.
Once competition ceases, interest is lost and value drops. Sure, there are the handful of collectors who fall in love with their coins & wouldn't part with them, but aren't those coins usually hard to find or low mintage? Or they have an error or variety or have something different, that je ne sais quoi?
Increasing the mintage of popular coins would be a big mistake. I would go so far as to say "an easy way out for poor management skills." Distributing a fair quota is what's needed. All mint boutiques should have a certain # of coins regardless of online sales, each post office outlet should be allowed to order a certain # of coins without hassle, and MC members should get a fair crack at ordering without internet tie-ups or long telephone wait times, as should the public for at least the first day of release. If a limit of 3 is causing grief, lower it to 2 or even one per customer.
Just some food for thought...
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Pillar of the Community
Canada
1581 Posts |
How many post office outlets are there?
If every one got a "fair quota" how many would be left?
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Pillar of the Community
Canada
981 Posts |
There are 7700 postal outlets in Canada
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Pillar of the Community
Canada
3690 Posts |
Quote:
And I suppose thats why there has been a major increase in coin collecting in recent years  What makes you think that there has been a major increase in coin collecting in recent years? Curious about what stats are out there to support that idea. |
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Pillar of the Community
1007 Posts |
In my opinion, this interest in NCLT seems higher today than just a few years back. Most people I come in contact with, weren't even collecting when the first 20for20 came out. Maybe it's just my perception.
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Pillar of the Community
Canada
6768 Posts |
 but need to add, that unlike previous years, much more people realized the "investment potential" of the NCLT. Corrected: Short term investment. Edited by Silveroid
04/01/2013 5:51 pm
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Pillar of the Community
Canada
2019 Posts |
I suspect it was the 20 for 20 coins that sparked more interest in the NCLT , atleast it was for me,and I started with the 20/20 hockey coin, then once I found the other coins in the series selling on ebay I start noticing other NCLT coins selling for more then they cost at the mint. So 20/20 coins and ebay are at fault in my opinion , making more flippers and collectors.  |
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Pillar of the Community
Canada
663 Posts |
I have to agree that I think the 20 for 20 has added a lot of people into this hobby. And I think there are more MC members and coin flippers as well. I can no longer trust that a popular coin will make it through to public release anymore. Canada Post and calling up dealers to reserve a coin is the way to go now.
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Valued Member
Canada
105 Posts |
I think the tulip ladybug has brought in a new audience of collectors. I've definitely become more interested in RCM coins after the steep appreciation of the Venetian glass series. |
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Pillar of the Community
Canada
3690 Posts |
You may be right with the 20-4-20 coins bringing in more collectors though I personally know of no one who has joined the hobby recently or even knows about the 20-4-20. I also don't tell people that I collect so maybe many of my friends do and we just don't share it  . As for those new short term profit speculators, we'll see how many of them actually become long term coin collectors. I just wonder if anyone does have stats on the number of collectors now verse five or ten years ago. Would be interesting to compare to see where the hobby may be going. |
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Pillar of the Community
Canada
5324 Posts |
maybe the RCNA or ONA might have some numbers if there is an increase of members in the last 5 years or so |
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Pillar of the Community
1007 Posts |
I think ebay has played a big role in the increasing popularity of NCLT. I also think the amount of NCLT the mint is releasing, has to say something about the hobby. |
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New Member
 Canada
28 Posts |
@Rockdaddy I agree with you 100% with your comment. But also with the success of 2011 "GLASS LADYBUG", that a lot of the newbies flippers are trying to capitalize, to make a quick profit.
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Pillar of the Community
1007 Posts |
I agree, but most of the flippers I know, also have big coin collections. For example, I mostly sell coins to support my coin addiction.
Edited by Rockdaddy
04/01/2013 8:53 pm
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Replies: 152 / Views: 16,278 |
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Posted 04/01/2013 09:03 am
