Speculation And RCM Coins What Do The Members Think

@MoneyPenny

I've collected coins, bought and sold on ebay long enough to say that your assessment about NCLT is also applicable to all numismatic items, and beyond.

"It is much easier to sell your stocks and bonds than NCLT products"

-- the same can be said for watches, purses, baseball cards and stamps. Certain types of assets are easier to convert in to cash.

"While you can sell your entire collection to a dealer, he will have to discount the value because he would have to take the good as well as the bad coins."

-- same for regular circulation coins. Dealer markups exist for all coins, NCLT or not. Dealers must make a profit and for that they need to turn inventory quickly.

"You sell them one a time on ebay but this takes time and effort."

-- Oh YES trust me! You can never satisfy everyone. And with all those fakes, honestly, being a buyer is a risky business nowadays.

"And you may have coins that no one wants."

-- someone interested usually comes along. I've sold all my pre-2008 NCLT at issue price or more. Granted some sold below because I'm getting out of collecting coins and won't take the time to wait.

"And don't equate catalog value of the coins with the actual price you can sell them for. Catalog prices only provide guidelines of what coins are worth. They are rarely equivalent since the price you end up with is what the buyer is willing to pay for it."

-- same goes with any collectibles. Try selling an appraised piece of jewelry and you'll be glad to get 20%.

Anyway, have a Happy holiday - and try not to spend too much on coins!

I agree 1000% with canadian_coins.

Well, I quit buying sets from the mint and exclusive big number coins such as the '76 $5 & $10 Olympic coins were a bust. Sets I bought in the early to mid '70's still sell for the same price I paid for them. No appreciation at all. The mint isued a Millenium set of quarters which has since gone down in price so it is worth less now than it was then. My son started buying $10 coins he paid forty bucks for through Shopper's. and I told him to stop. They are a waste of money. To collect the entire set would cost %480 and he'll never see his maney back. To me the mint has gone way overboard and issue commemoratives for almost anything making collecting more of sa pain than a pleasure. I still buy rolls only to look for possible errors but that's pretty much it.

speaking of duds....

I have noted that for the most part... fractional sets are big big big big duds. I think plainly no one wants the things. I have seen it all, every single type mint to super low mintages, etc.... complete duds.

Also reviewing my data base of prices, silver and gold prices are knocking down prices average 10% on NCLT. My data only.

I think until gold and silver prices get stable, it will be hard to see man coins appreciate in value. The reverse and beautiful thing I see out of this tho is,, the coins that right now are holding up in value or moving higher, those are the ones to put on the radar, makes it so much easier.