Driving At Full Speed Toward A Cliff...

Great read!
I agree 100% with Rogers statements.
I have been selling off plenty of my NCLT Coins for the past few months.

Yea I dunno...


I love coin collecting. But lately, I have lost steam and interest. Please allow me to ramble here as I have some time to ramble here....my apologies in advance...

1- I been turned off by the dropping prices of silver and gold. I have not been looking at making my coin collection to be an "investment". Yes, I have seen and even had threads where I said its possible to profit from coins. I see it all the time on ebay with the more popular coins. But my turn off is this- I been recording auctions on ebay for a wide variety of coins... from the RCM to private german mint coins... its CLEAR to me that prices are dropping hard because of silver and gold dropping.

Every time I turn around, wait patiently, I see coins from several months ago drop 5, 10, 15 dollars in price. When I combine the elements of the decline in metals AND the demand for a coin, its dramatic the drops you see.

To me, I just will patiently wait and stalk, I have ALL the time in the world for the coins I want. I REFUSE to buy anything even from dealers that offer coins below Mint prices. Why? Because I have seen and experience price drops after release. it may take weeks, months, a year, whatever, it happens. Its much better to hunt, stalk, be patient and wait. The coins are not flying off the racks.

2- I have lost interest in many government mints. I never thought I would have this attitude but I do. I could care less for the US Mint, RCM mint, Perth, Australia Royal Mint, Royal Mint from England, etc. To me, they are just making too much product that isn't unique. Yes, as someone said, its like baseball card collecting. They continue to up the ante in styles, packaging, editions, series, themes. but its always REPLICATED in some manner...

Same thing with coins from these government mints. There is nothing striking and unique.... I dont care if the mintage is low even. I want something thats unique, that looks nice, that hasnt been re-done 12 times already. Yes, I want packaging that is unique. I have no issue with that. But lets make coins that are really beautiful, detailed....

3- Prices MUST come down. I get it, proof, limited edition, nice package.. I get it. However, with declining metals prices, the mint's MUST bring prices in line. Right now charging 2800 dollars for 1 oz of gold is not going to fly. I can see charging perhaps times and a half over spot but double and more, forget it. PRices are dropping in the markets, the Mint's MUST NOW start dropping prices. They are pricing themselves out of the market.

4- Way too much product- All these mints are making tooo much product. Just too too too too too too MUCH. Stop it now. My god look at the Perth Mint. They will mint anything if you can arrange a contract with them lol. The RCM. Even the US Mint too me is getting out of hand with a lot of stuff that is NOT interesting.


I am still collecting. But I am super selective. I wait and stalk for auctions on ebay. I refuse to buy new issues. Enough is enough. I am not going to buy a 2800 coin that I like when PM prices are dropping because I KNOW that coin will end up LOWER than the mint's original issue price.

This is happening all across the board. coins prices from all mints drop.

FINALLY. I want to say STOP with the exclusive deals with Silvertowne, APMEX, etc. This smacks to me of dealers working the angles, with the mints, to move product and not lose momentum. I have seen this before in other hobbies and businesses. I am not dumb. By doing these sort of deals they are making artificial demand which will dry up quickly and once again, end up cheaper on the secondary market.


These exclusive coin runs are KILLING our hobby. It ONLY benefits the dealers. I am ALL for making max profit. However, right now, our hobby is in a delicate position, its exhausted. I believe falling PM prices has sucked the wind out of the hobby by flushing out those who were buying or attracted to coins for investment purposes.

I also want to say that yes, coins SHOULD accrue in value, especially when the mint is charging twice the price of spot and the spot prices are declining. Nothing wrong in wanting as a side benefit of collecting to have a want in terms of seeing your collection grow in value. Yes, I am in the camp of, collect what you like.. and at the same time for what is put out they should increase in value over time.

Something has got to give,, and at this rate, I can see the hobby of collecting NCLT rolling over here....

I'm suffering coin fatigue. I've simply become more selective with what I purchase. The mint cannot believe that releasing this many coins in a year is beneficial to the hobby long term. Too many releases just devalues everything else. I understand they want to generate interest, but they have to balance saturating the market with new interesting coins. I've purchased less this year compared to others, and I suspect I'll continue to purchase even less.

Too many new issues and way too few collectors spells disaster for the place turning out over an issue a day.way to go RCM!

Lol@ Yup, you have come around to the bullion world, lol, I remember being scoffed at my many longtime members, including you, for comparing a coins value/design to the bullion value, and a similar bullion coin. Happy to see you found the light! Collect Britannias, Somali Elephants, and Chinese Pandas (from north american retailers ONLY). They change the design every year, hold a VERY nice numismatic value, have STUNNING strike quality, and won't break the bank.

This is what I did, aside from my business strike lines, I only buy World Bullion. It shall set you free!

No DBM, a lot of misguided fools have purchased RCM artwork as Investments, only a small per cent have bought them cause they like them. Just give it five years and the dumping will be incredible. Just look back at history and the Franklin Mint fiasco.

I could be wrong, but I believe DBM's comment was meant sarcastically.

As questioned by NuMoosematist, I'm not sure how your "statistics" were determined. I concede that there has been plenty of talk here and on RFD about buying certain RCM NCLT issues for the purpose of "flipping" for profit, but when discussion of NCLT investment potential has come up most responses have downplayed such potential and promoted a "collect what you enjoy" approach.

If I may be so bold as to speak for Pacific, I'm sure he's speaking from personal experience.

Nearly every week I get someone who leaves my store in a huff because I only offered them melt + face value for their 1973 Double Dollar sets or $1.91 each for their 45 1968 PL sets (I'm not kidding about this one). It's along the same lines as people who think a 1980 cent is "old" and "should be worth more than a penny". Using statistics drawn upon a forum are never going to be an accurate representation because they are not the part of the largest common denominator. We all understand the idea of buying what you like. Most of those who don't understand the coin market believe that if you hold onto a coin, it is guaranteed to be worth more in 30 years, no argument.

Though anecdotal, they're all common stories and always have the same common thread of reality. I've had a number of bullion customers who were directed to buy Mint product with the idea that they were going to protect their wealth in the same way high end numismatics or bullion would. These people came back years later, only to find out their items would be worth bullion value.