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Can You Still Make Money Buying Mint Coins

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Dcadon's Avatar
Canada
1360 Posts
 Posted 11/25/2014  8:11 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
The best way for coins to appreciate... or at least hold their own is to ignore the NCLT in it's entirety. Concentrate on Bullion coins, and make your purchases as close to spot price as you can. If/When the bullion value goes up Sell. If we all did this, maybe the Mint, and sellers would come back to earth with their pricing. ($115 for an ounce of silver is insane!!)

With the Bullion coins there is no 'emotional component' of the coins. Buy low, wait....sell high.....repeat.

NCLT - as others have stated is Art. Some like them... price goes up... some aren't so well appreciated... price goes down. regardless of their intrinsic bullion. (of course, the bottom is always the spot price of the content - whether it be gold or silver).
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 11/25/2014  8:53 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
I feel like there are more NCLT coins coming out then there are people to collect them.
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Northerncoins's Avatar
Canada
2019 Posts
 Posted 11/25/2014  10:20 pm  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply

Quote:
I feel like there are more NCLT coins coming out then there are people to collect them.


Yes and its due to the mints business model I imagine, as with most if not all companies they have to make more and more money each year then the previous year to make the bean counters happy and share holders etc etc( I dont know if the mint actually has share holders lol , hmmm maybe you and me are the share holders), but this hobby only has so many willing to buy NCLTs , who knows the inner workings of the mint anyways but one things for sure, if they keep pumping out more and more its going to sour some of the collectors , that's a given, but if they can find more markets/ more people willing to buy then all is well in the wonderful world of the RCM.

I know one thing though, I can buy four/five 1oz semi numis silver bullion coins for the price the mints wants for just 1oz silver.
Edited by Northerncoins
11/25/2014 10:26 pm
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 11/26/2014  03:33 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The best way to get a miilion dollars out of NCLT RCM product......."...........Invest two million. These coins are for the most part, way over priced meaningless junk. Long term buyers are sure to lose.
Valued Member
United States
58 Posts
 Posted 11/26/2014  1:12 pm  Show Profile   Bookmark this reply Add Rarecollectibles to your friends list Get a Link to this Reply
The only way to make money in one persons lifetime would be to buy on the secondary market.
Unless you are extremely lucky at selecting the issues that sell out due to high demand, or silver comes back in a big way for the Ag issues, I don't see the value reaching the premiums that the mint charges.
Best to buy/collect for the pleasure of collecting. If in the end you are ahead you have profit as an added bonus.
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United States
3789 Posts
 Posted 11/26/2014  7:24 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
John100 and Northerncoins make some excellent points that I agree with and are in line with my thoughts.

You dont expect these coins to drop so hard after paying full price. Furthermore, there is absolutely nothing wrong in wishing them increase in some sort of value.

Coins are no different from any other collecting hobby except we are talking precious metals here. They should increase somewhat in value.

Whats going to end up happening to this wonderful hobby is a total crash and collapse as was seen in card collecting, at least thats my opinion. I HOPE I AM WRONG. I use capitals to emphasize that. If it happens, it wasnt because collectors were buying because they wanted to see some sort of wealth increase or appreciation, but rather mints over saturated the market place and chased collectors away.

I still believe the only way to make money on coins is by buying the hot coins on the secondary market, buy high to sell higher. period.
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Strach-Man's Avatar
Canada
491 Posts
 Posted 11/26/2014  9:01 pm  Show Profile   Bookmark this reply Add Strach-Man to your friends list Get a Link to this Reply
I have noticed that too coins that have sold out their mint striking so what could it mean. I believe you flood the market with so many coins and they don't sell out. This should be a wake up call for the mint, with the mint making record profits have the people to be only seeing dollar signs.
I do own 2 of the superman coins anything superman will hold value,disappointed when they released a second minting of them. Now the gold coin has come out how many superman coin will the mint release. Could it be one day we will see Rob Ford on a coin?
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Canada
5324 Posts
 Posted 11/26/2014  9:22 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Even a hot coin like the Superman gold has very limited upside due to the fact the RCM does nothing to protect us collectors from counterfeiters, The 2014 gold Superman is already counterfeited, and just because the RCM shipped the sellout issues into it's dealer network, that's when the discounting starts, as I mentioned before the RCM makes very little profit.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 11/26/2014  10:09 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I think most of the ideas in this thread are quite reasonable.
Nevertheless, restrained cynicism may work to your benefit. That should make you quite selective in your buying decisions. Therefore, hasten slowly when considering to buy new issue or aftermarket NCLT.

The mints are out to maximise profits for their owners, just like any other business. They produce NCLT to help to achieve this. They will price their products to what they think the market will bear, in order to maximise those profits. That helps to explain why NCLT new issue prices seem to be reasonably high.
They also control the size of each NCLT new issue.

From the collectors' standpoint, the best strategy is to only acquire those issues that interest you, and for a price which you think is reasonable, but with idea that the possiblty of a big profit on re sale is fairly remote.
With that sort of philosophic approach, you should not be too dissapointed, most of the time. Nevertheless the possibility of the Pandora Principle could still apply.

I have some NCLT purchased on the aftermarket: The Great Britain 1937 gold proofs of George V1, and I have always been very happy with them. I have no intention of selling, even in the distant future.
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1cent's Avatar
Canada
1051 Posts
 Posted 11/29/2014  02:36 am  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
I wouldn't recommend trying to make money with NCLT. I've seen people do it, but it was generally achieved by buying NCLT product at 20-40% of market value from desperate or unsuspecting sellers. If you want potential upside, IMO hoard every ounce of silver you can for as close to spot price as possible.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 11/29/2014  03:19 am  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
I still believe the only way to make money on coins is by buying the hot coins on the secondary market, buy high to sell higher. period


Which is pretty hard to do since "hot" coins are far and few between. What "hot" coins did we see in 2014 besides the Superman coins? And you pretty much have to mark it up 20% to make any money after ebay fees.
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Bas S Warwick's Avatar
New Zealand
526 Posts
 Posted 11/29/2014  03:29 am  Show Profile   Bookmark this reply Add Bas S Warwick to your friends list Get a Link to this Reply
IMO all those coins are way over priced and you will always lose money.

If you want coins to make money you could look at picking up Krugerands which will increase as gold increases.
Gold is still dropping, so pick up slowly - D.C.A

If you want something 'pretty' to look at and similar to a coin look at PAMP bars. You should be able to pick them up close to bullion. Buy only from reputable dealer.

Can-You-Still-Make-Money-Buying-Mint-Coins

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United States
3789 Posts
 Posted 11/29/2014  11:06 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
Actually its not hard in my opinion.

As I always do, I have a list, I watch what coins sell out at the Mint, which sell out at dealers, carry it over to ebay and start recording those that run higher, and calculate as they move higher. The strategy would be to only focus on those coins that appreciate and move higher on the secondary market. If RCM is all you wanted to flip, then focus just on that simple. IF not, you can easily expand to a wide range of coins.

those in turn do on average are the ones that run higher on ebay over a period of time. Many coins of this category have come down in price but no where near their original mint issue.

Its a lot of work to keep all this data and follow it but it can be done.
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Bas S Warwick's Avatar
New Zealand
526 Posts
 Posted 11/30/2014  01:52 am  Show Profile   Bookmark this reply Add Bas S Warwick to your friends list Get a Link to this Reply

Quote:
yup7676 - Actually its not hard in my opinion.


Its hard to understand from your explanation how you go about buying into that growth to make an eventual profit

Do you have from your recent records any coins that have shown good growth already?
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Canada
6768 Posts
 Posted 11/30/2014  08:46 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Will not say anything new, but it's basic:

The dealers, even small, do make money...it's not guaranteed, and not 100% safe path, but "The Coin Shoppe" and "WSD" are good examples.

Otherwise, not being dealers is also possible. But in this case, the amounts will be not significant and will be enough to cover own collection. Examples - manage to buy for resale and collection "hot" coins only and only:
Gold Superman, Gods of Olympus, US HoF, Gold Mickey.
And its all.
Possible to make money and on other items, which can be sold $5-$10 above issue, but here be prepared for hard work, basically it already close to being dealer.
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