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 Replies: 1,304 / Views: 136,774 |
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Pillar of the Community
Canada
634 Posts |
I don't see the RCM or the hobby fading anytime... It the hardcore flippers that will become extinct - soon. |
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Pillar of the Community
 Canada
1823 Posts |
Well I was pressured to buy 2014 Canada Gold White-Tailed Deer Quietly Exploring 1oz gold coin by my wife  at that price you cant go wrong for 1 oz of gold for $1,499.95.  |
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Pillar of the Community
Canada
2019 Posts |
350 mintage, crazy good deal, unless all NCLTs start going to spot then we are all in trouble.
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Pillar of the Community
Canada
1269 Posts |
Great purchase yingyang, congrats.
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Pillar of the Community
Canada
1269 Posts |
Sorry for the second post but I just bought the Bison portrait coin from Silvertowne. Since it was free shipping the total came to about 57 CAD. I think this is just over half of the issue price from the RCM. Since it is one ounce of silver I think I paid a little over 2.5 times spot for a lovely coin. Good deal IMHO. Besides, I really liked the look of this coin. |
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Pillar of the Community
Canada
981 Posts |
Hate to tell you RCM has already faded in many people's mind time to wake up and smell the coffee. |
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Pillar of the Community
United States
3789 Posts |
@yingyang- that is a nice coin for sure and the price, while a bit high, I mean thats really what they should be going for. Congrats on the purchase. I just hope it doesn't drop lower from there.. as has been the history of these type coins... @Electrum- I dont think the coin hobby is going to suffer as in going away. But as Elkslayer said, I do think the RCM falls below the radar and becomes low priority with collectors as time goes on. I think this mass flood of coins that are showing up for 40% off and more is ample proof that the RCM is fading, dealers that carry RCM exclusives are choking on the glut of inventory. The question is, does the RCM wake up before its too late? When I say this, I dont mean to say that the RCM is going to shut its doors. Rather, will they go back to the days when they were not mass producing so many coins as they are now? The issuing of so many coins has/is going to fatigue collectors. The HUGE drop in prices is going to be a major turn off for collectors. I dont know of anyone who likes to pay full price for an item and 6 months later to a year finds the same coin they paid full price for has been slashed 50% or more. |
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Rest in Peace
Canada
1360 Posts |
I too would like to see the RCM go back to quarterly releases instead of every month. The coins were more affordable, and collecting them was easier to keep up with. I'm guessing that I don't purchase 10% from the mint of what I used to simply because of the sales going on. I'm sure it won't stop any time soon, but with commodity prices dropping and the cyclic nature of the price of metals.... could we possibly see a $10/ounce of silver (or lower), or less than $1000/ounce of gold in the near future? Only a couple of months ago we would never have expected Gas at below $1.00/litre...yet the barrel price of oil continues to plummet. It'll be an interesting ride for sure. I'm thankful that my comfort isn't tied to the value of my collection, but that my collection is for pleasure only. It's always nice to know it's worth more than I paid for it... but I'm not depending on it. |
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Valued Member
74 Posts |
Quote:Hate to tell you RCM has already faded in many people's mind time to wake up and smell the coffee. Yup. For many years I looked forward to their releases. Now, for the most part, it's a big zero. Edited by brian686
03/21/2015 3:36 pm
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Pillar of the Community
Canada
634 Posts |
Quote:Hate to tell you RCM has already faded in many people's mind time to wake up and smell the coffee. Quote:I dont think the coin hobby is going to suffer as in going away. But as Elkslayer said, I do think the RCM falls below the radar and becomes low priority with collectors as time goes on. I think this mass flood of coins that are showing up for 40% off and more is ample proof that the RCM is fading, dealers that carry RCM exclusives are choking on the glut of inventory. The question is, does the RCM wake up before its too late? When I say this, I dont mean to say that the RCM is going to shut its doors. Rather, will they go back to the days when they were not mass producing so many coins as they are now? The issuing of so many coins has/is going to fatigue collectors. The HUGE drop in prices is going to be a major turn off for collectors. I dont know of anyone who likes to pay full price for an item and 6 months later to a year finds the same coin they paid full price for has been slashed 50% or more. I disagree completely... Fatigue is within the wallets of flippers...not pure hobbyist. Many collectors can't wait to see what is coming down the pipe from RCM's monthly batch on new designs. And, indeed, RCM is not going away any time soon. Record profits for the RCM for several consecutive years implies there is a growing interest (as opposed to fatigue) in NCLT's coming from this RCM. Sure...300+ coins per year is likely to result in some duds being unloaded at discounts but how many really - perhaps, 10-15% at most per year. Very few coins are discounted by legitimate dealers 30-40% below issue per year. Silvertown's recent "blow out" sale is simply their way of unloading some very select coins that were essentially over bought from their end. Obvious miscalculations on their part only. I don't see those Bison's or Deers being discounted by any other dealer...at this time...so significantly...if at all. Why? Becuz Silvertown (unlike most dealers) ordered too much for their customers. Their "blow out" sale is not market indicative of how collectors are backpeddling from RCM Nclts. Edited by Electrum
03/21/2015 10:41 pm
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Pillar of the Community
Canada
981 Posts |
Are you kidding C/A ,CCC ,Gatewest and others all have sales to get rid off stuff at deep discounts just about every thing that comes out of there now loses value in 6 months I collect coins but why should I throw money down the drain for a RCM product now that a person can get them down the road cheaper. Your number of 10-15% should read 75-80% are duds. You can't tell me a hobbyist likes to buy anything and have it lose 25% that's just ridiculis. I will keep collecting just not RCM products if you wish to keep buying go right ahead but people are starting to wake up and are saving money by waiting 6 months or less to buy. And it's places like Silvertowne that commissioned those coins(Bison,Deer,Eagles) from RCM that's why they have so many RCM sells only 10% of a commissioned product and other dealers buy them from Silvertowne to sell. |
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Pillar of the Community
United States
3789 Posts |
@Electrum I think you have it all backwards or havent caught on with whats happening. It isn't only silvertowne whos having MAJOR liquidation sales. If you jump on ebay, you will see countless dealers just straight up dumping coins at 50 percent and more. I recently posted about the 2014 Woolly Mammouth silver coin. That was NOT a dealer exclusive and yet a dealer on ebay has been having a TON of past and present auctions for this coin. This coin was yet another clear bust. Then there is another dealer on ebay who gets these coins, gets them slabbed and then runs auctions on ebay, and they are also dumping recent coins. Most of those auctions for RCM coins are at 40% discount. I picked up a slabbed PF68 ANA privy maple for only 52 shipped. MCM, Colonial have been running nonstop auctions on the Great Lakes coins as well and those coins are also going for 50%. As time goes, this series will be getting dumped left and right as the other coins. I can cite chapter and verse the outright dumping in coins and huge slash in prices. I really suggest you check around and get in touch with whats happening in the coin market. Dealers are cutting prices because collectors ARE fatigued from all the coins coming out. Collectors are tired of paying high prices for coins that months, a year later are being dumped at 50 percent or more. On top of that, dropping PM prices are not helping sales. Who wants to pay high premiums on coins that clearly are showing they are over priced? |
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Pillar of the Community
Canada
981 Posts |
Many cannot just face those facts and will just continue on blindly you read about it here daily let them waste their money they are obviously wealthy enough not to care if everything they buy devalues 50%
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Pillar of the Community
Canada
2984 Posts |
The sweet spot for coins to increase in value seems to be between 1000 and 1500 mintage. The 5 coin penny set was at 1500 sets and is still doing well. Same with the 2013 gold Superman. And look at the Star Trek set at 1500 mintage. It's doing well. Anything above 1500 mintage, not so well. And that goes for the Moon Mask set at 3000 sets. The market can't absorb 3000 units, how can it absorb coins at 10,000, 12,500, or even 15,000 mintage? by the way, if you look at the moon mask set thread, it is driven by about 6 people who keep raving about it. Face it, that set is a dud . No one is interested in that set except for the few people who keep saying it is is the most beautiful set ever issued by the RCM. Three weeks in and not even close to being sold out. Not to mention every dealer has it in stock. Before long, it will be part of Colonial Acres blow out sale. |
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Pillar of the Community
Canada
2019 Posts |
Quote:by the way, if you look at the Moon Mask set thread, it is driven by about 6 people who keep raving about it. Face it, that set is a dud . No one is interested in that set except for the few people who keep saying it is is the most beautiful set ever issued by the RCM. Three weeks in and not even close to being sold out. Not to mention every dealer has it in stock. Before long, it will be part of Colonial Acres blow out sale. Lol your funny, I suppose those 6 people made the 46 reviews on the Mint site as well? Just because you cant sell it for $100 profit in the first day on release doesn't make it a "dud". 3000 mintage is still low for this kind of set from the RCM, you cant compare the star trek set that was driven by flippers who bought as many as they could until the dealers they bought them from were sold out,thats artificial demand. While yes the Star Trek set will most likely hold its current value, it has a different collector base,like the superman coins, those same star trek "collectors" will not be buying the Mask set. The mask set is a quality well done low mintage set that will do just fine, if you can buy this set below issue 3-6 months from now I will eat my other hat. Plus I have a star trek set, don't get me started on how cheap/flimsy the Transporter display case is. As it stands I am not sure I will buy the next one in the series mainly because of the quality on the case. Plus there are issues with the way the black outer case was made and the sleeve that goes over the display box causing scratches when installing/removing. Edited by Northerncoins
03/22/2015 08:37 am
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Replies: 1,304 / Views: 136,774 |
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Posted 03/21/2015 12:32 am
