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 Replies: 42 / Views: 4,732 |
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Pillar of the Community
Canada
1528 Posts |
First of all, I totally agree with what ChubbyCheeks said. Quote:
But my opinion is my own. I don't collect coins for investment but I'd like that when it does come time to sell I don't get $20 for a coin I paid $75 for. Are you live in a small city? I think we all can agree that RCM been pumping too many coins with so many releases. Most of the coins are not consider "hot" in secondary market but that being said, I think I manage to sell those I don't like to keep relatively close to the issue price. Some I sold $10 or $20 less as they are not "popular". I hav eyet to sell a $175 at a $20 value. As for the $20 for $20, I've listed quite a few of them on Kijiji and granted I don't get much in return but I manage to liquidate them above the $20 price tag. |
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Pillar of the Community
Canada
5324 Posts |
When the RCM is so proud of pushing out over 200 issues these pass 2 years with about 1/3 sellouts, this person's collection is a true representation of what's wrong with the RCM NCLT program. In 2012 and 2013 only the farewell to penny coins and the glass coin and 2013 only the superman coins held value, everything else you can buy at a discount. The RCM is simply overproducing and over pricing their coins by giving too high of a discount to the large dealers, 30 to 50 dollar a coin markups. Lastly each to your own, but just look at the thread regarding the recent haunted coin, most of the comments are going gaga over a 30.00 nickel coin and some how the RCM dealers are constantly raising the price. You can buy a 1921 5 cents at a high price and lose value but nclt are so dependant on theme and design. |
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Pillar of the Community
 Canada
5394 Posts |
You can make a lot of money in coins if you take the time to learn the trade. Just like any other profession, numismatics offers great returns to the highly skilled, collector or dealer. That is why we all buy the books, read the coin papers and attend coin shows, and learn how to grade before we ever buy a single coin ......right ? Umm before we ever buy a single coin.......... right?
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Valued Member
United States
199 Posts |
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You literally cannot give these things away. If you're trying to give them away, I think I know a guy who knows a guy who's sister's boyfriend might take them off of your hands  |
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Pillar of the Community
Canada
6768 Posts |
Quote:
That is why we all buy the books, read the coin papers and attend coin shows, and learn how to grade before we ever buy a single coin ......right ? Umm before we ever buy a single coin.......... right? That has to be correct. But if you want to hold the fresh minted coin, with the COA low as possible, and nice package, and specially quickly resell it till other will start receive their coins - will you spend time on research? And after one month, new bunch of coins ready to be minted - will you even care of this resent one? |
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Pillar of the Community
Canada
2019 Posts |
Quote:
Quote:
That is why we all buy the books, read the coin papers and attend coin shows, and learn how to grade before we ever buy a single coin ......right ? Umm before we ever buy a single coin.......... right?
That has to be correct.
But if you want to hold the fresh minted coin, with the COA low as possible, and nice package, and specially quickly resell it till other will start receive their coins - will you spend time on research?
And after one month, new bunch of coins ready to be minted - will you even care of this resent one? I think he means Numismatics/decimals coins not NCLT , with Numismatis/decimals then ya it takes a long time to know whats valuable and whats trash , then there are errors / double dates etc etc , there is a "TON" of work to get really good at that stuff Where NCLTs are as you say freshly minted but really not alot of work goes into research on NCLTs if your trying to resell , just pop up ebay and search, the work with NCLTs is trying to sell for a profit before the hype dies out , but not everyone buys NCLTs to resell either, but the problem is that most people dont want to pay say $100 for a coin with a limited mintage only to be worth alot less a few years later or worst case for around bullion , this is the dance we are doing atm, where will it end...no one knows ... Personally I think the Mint needs to drop prices to be more inline with bullion prices, but it seems that their prices are always rising but bullion prices have fallen , I dont mind paying more for NCLTs but at some point you have to ask yourself how much is to much above spot should we be expected to pay for NCLTs considering the amount of coins they are putting out, if they want to keep their market/customers happy they need to do something soon before they lose the ones they have, I would buy more if the prices were more reasonable but as it is I am having a hard time justifying paying $100 for $22 of silver only to drop in value 25% in a year or less. Edited by Northerncoins
07/13/2014 09:32 am
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Pillar of the Community
Canada
5324 Posts |
just look at 2012 and 2013, over 200 coins issued, only 6 to 8 hot items per year, how good are your odds on buying the winner each year? 30% markup to largest RCM dealers, yet the RCM last two mint reports about 1.5% profit margin, the dealers are making all the profits on these NCLT, just terrible odds for a collector to pick the 5 to 6 winners each year |
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Pillar of the Community
Canada
6768 Posts |
I actually agree with Pacificoin,
he just tries to combine approach to the circulation coins and old Commemorative (which were really a few) with modern NCLT.
What he said about one of his customers (with 300K) this is sad true. It's very comfortable to by from the Mint:
"this one I like, that on is series, the third will be the winner, and the forth just matches my other coins..."
All the 2014 I try to stop, still need to work on it. Limited collection is really enough..
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Pillar of the Community
United States
3789 Posts |
yet another great thread here and discussion. I looked over his list.... nothing special and lots of common items, nothing much of being a "center piece" of the collection. Dont get me wrong.. I am not knocking what he collected, nor am I putting him down. However, if he was looking at an eye to make back some money, he doesn't have anything that will really help out that much. The other thing is- I seen like barely anything in the form of gold coins!! How can you collect coins and not at least have someeee gold? Bottomline- collect the coins you like, themes you like, events you want to remember and commemorate, etc. It will be difficult to have items that will increase in value unless you have spot prices push higher in PMs. I still think those that benefit from so many coins and the rush and stampede are the flippers and dealers. But at this rate of coins coming out, fatigue is setting in that even those who receive product direct from the RCM and flip are going to see an ever shrinking market until at some point it bottoms out. One final thought- I used to think that one good indicator of a strong coin was the ones that sold out at the Mint. However, in observing some things, I think that indicator only works IF the Mint was the sole source for that coin, in other words, I think coins where the Mint runs out but then says "X is the exclusive distributor" such as say Silvertowne, that in turns means it was an artificial sell out at the Mint,, and the exclusive dealer or distributor will be carrying a lot of stock in those coins. |
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Pillar of the Community
Canada
2984 Posts |
Quote:
One final thought- I used to think that one good indicator of a strong coin was the ones that sold out at the Mint. However, in observing some things, I think that indicator only works IF the Mint was the sole source for that coin, in other words, I think coins where the Mint runs out but then says "X is the exclusive distributor" such as say Silvertowne, that in turns means it was an artificial sell out at the Mint,, and the exclusive dealer or distributor will be carrying a lot of stock in those coins. That is what the Mint want us to believe. They keep sending out this emails that say this coin is 90% or 95% sold out which does not really mean much. The worst are the commissioned coins like the Eagle and Bison coins which were sold out almost immediately. But the coins have not seen any increase in value. |
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Pillar of the Community
Canada
2019 Posts |
Ya did they really think we wouldn't catch on to that at some point, I think that tactic just makes me more mad then them pumping coins out non stop.
Edited by Northerncoins
07/13/2014 4:00 pm
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Pillar of the Community
United States
3789 Posts |
like my two fellow collectors mention above, both in feeling and building apathy at their product offerings, that they are pumping coins and would wish us to think that their coins are "sell outs" in mere days.... I think this game is coming to an end with its core audience. It remains to be seen if those on the fringes of the hobby are going to take notice of this. I had started to notice this as MoneyPenney points out with the eagle and bison offerings. Coins sell out at the mint.. and magically its announced that a dealer has "an exclusive" offering of this same coin. We can also add the Piedfort coin to that sort of marketing push as well... Silvertowne, even after slashing the price on these still is carrying a boatload of them. Also, I cant find it in my records, but I saw about a year ago, to my great astonishment, on ebay I watched , a slabbed gold eagle coin from the Eagle series released by the RCM, go for LESS than even the RCM mint's price!!! So I mean, if you are a collector, you wait patiently to plug those holes or finish those want lists because you are going to get a great deal on a coin if you patiently stalk and wait. For those looking for coins in the light of investment, or even speculating for fun or with the hopes of seeing some slight value added over time to the initial purchase (I sometimes fall into this camp), the takeaway is dont count on it unless you really really REALLY study the cycles and the "marketplace". Even then, it will be difficult. |
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Posted 07/12/2014 9:27 pm
