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Pillar of the Community
Canada
634 Posts |
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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've tuned into many so called "blow out" sales over the last year or so.and most items are very dated and out of flavour for years, with a few sprinklings of recent very select duds to keep us coming back. (go back through this thread and read the comments) Quote: 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. You don't have to pay full issue upfront.that is your choice but judging by the incredible profit margins for RCM of the last several years, many opt to buy up early and often directly from them. Its like going to the movies - you can load up the minivan and take the family to a newly released film and pay over $100 bucks for tickets, popcorn and drinks.or wait a month or so and watch it on DVD for a fraction of what you pay for a big theatre screen viewing .or better still wait a year or so.and watch it for pennies as part of your local cable package. My point is.and was: the suggestion that there is some significant buyer "fatigue" among collectors.is bogus and its not supported by the fact that you see a few - very select - coins being chopped down in aftermarket activity on ebay or elsewhere. RCM sales continue to break previous years records.how does that equate with buyer fatigue? YES.clearly.there won't be sell outs for each coin given the 300 plus releases per year.but the wish from some to see a return of a lower quarterly release from RCM - is not going to happen. Why would they since there is obviously a huge growth in NCLT demand and general interest.not fatigue. Quote: Silvertowne that commissioned those coins(Bison,Deer,Eagles) from RCM that's why they have so many Quote:
I think you have it all backwards or havent caught on with whats happening. It isn't only Silvertowne whos having MAJOR liquidation sales. My point precisely.overstocked item for this specific dealer only.hence, the major price slashed only by them.they flooded the market with this discount. I don't see any MAJOR liquidation sales anywhere else but Silvertown for Bisons, Deers etc. |
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Pillar of the Community
Canada
634 Posts |
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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. To suggest as vigorously as few do about this general "fatigue" out there in hobby land.is nonsense. There is a lot of designs and themes coming from all corners of the world.including RCM. Some will be hits and some will be misses.its just that - discounts of the misses will be available for those who wish to wait and see. BUT again, judging by RCM's massive profit growth - many more are not waiting - be it individual collectors or legitimate dealers - who continue to buy up most of what is being pumped out, hence, no so called "fatigue". Quote:
Who wants to pay high premiums on coins that clearly are showing they are over priced? Again, you always have a choice, you don't have to pay at issue price - everybody is free to wait and hope for a price reduction.from a reputable source. The fact that you still would buy.(preferably at a discount), tells me your are not experiencing any fatigue.per se. |
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Pillar of the Community
Canada
634 Posts |
Good morning Northerncoins... 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. I disagree - and agree with Northerncoins.this set is selling incrementally into the hands of pure collectors.not flippers. Incremental sales are the best indicators that this design resonates with actual collectors not flippers. Moon masks had a very low dealer allocation - Further, last time I checked.over 45 super positive reviews - on RCM website for this set. (Northerncoins has it at 46 and counting) There is a whole bigger numismatic crowd out there beyond this forum folks.  Edited by Electrum
03/22/2015 08:59 am
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Pillar of the Community
Canada
6768 Posts |
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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. I will just correct you:The Penny set has 5000 mintage. I see that usually do well only one type of items / sets: were the interest driven by the collectors / fans. That's why set with minimum PM in it still popular. Same with 2013 Superman. Masks - you right, 3000 seems more than collectors need. Majority of other "popular" - initial hype and numis "death". Take "The Star Trek" - the fans have small interest in coins, more in the plastic toy. |
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Pillar of the Community
Canada
634 Posts |
I'll further correct you...
Superman 2013 had 2000 mintage for gold...
10,000 mintage for other colored or enameled...
The sweet spot is not mintage number but rather popularity...
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Pillar of the Community
710 Posts |
Quote: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. Ah yes, Silvertowne prices are in US$ so add +20% for CDN$. But what about duties and taxes for shipping to Canada? How much extra does that add to the total? |
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Pillar of the Community
 Canada
1823 Posts |
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But what about duties and taxes for shipping to Canada? How much extra does that add to the total? Theirs not tax on pure gold and silver coming into Canada.Plus they offer free shipping. All my orders from silvertown come via Canada post no brokerage fees. Quote:
Ah yes, Silvertowne prices are in US$ so add +20% for CDN$. Back in 2011 we transferred some saving to us dollars the Canadian dollar was $1.05, so I don't worry when we buy coins in us dollars. Edited by yingyang
03/22/2015 11:13 am
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Pillar of the Community
Canada
3690 Posts |
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Ah yes, Silvertowne prices are in US$ so add +20% for CDN$. But what about duties and taxes for shipping to Canada? How much extra does that add to the total? They are $44.95USD so with a good exchange rate, $57CAD is about right. F/X is closer to 30% these days. The coins are pure silver so no tax and made in N/A so no duty. They ship free to Canada via USPS and Canada Post so no FedEx or UPS 'brokerage' fee either. RCM issue price was $99.95CAD. Silvertowne can sell off this inventory because they purchased the coins at a large discount by accepting a very high allocation. They then sold graded version at inflated prices, and now are dumping the remaining coins at a discount. Overall, they make $$$ on the 'lot' of Bison coins even if they lose a little on a small percentage of the individual coin sales. As for the rest of the discussion; the coin market is extremely soft right now. Whether you are talking about current issues or coins from the past, most if not all are selling in the secondary market for less or much less than they did in the past. I believe that folks who have been collecting for more than a few years are fatigued. They are overwhelmed by wave after wave of new issues and have either stopped or curtailed their buying. Some of that is because we have seen our older, prized coins fall off in value. But hats off to the RCM, they are increasing sales by increasing their customer base most notably due to the x for x coins. Are these new customers true coins collectors that will become loyal customers for the Mint? Well that is another debate. I will say this. I know of no other collectible product that benefited by flooding the market and I have no reason to believe that approach will have any long term success with coins. By the way, no one here knows for sure if the Mint is increasing profit from NCLT sales because they don't share that information. And in terms of overall profit on their total operations, it is miniscule in terms of percentages of revenue or assets employed. Clearly profit is not the only measure of performance for a crown corporation but lauding the financial success of the Mint is questionable at best. Edited by CC-Ottawa
03/22/2015 11:54 am
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Pillar of the Community
Canada
1823 Posts |
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Pillar of the Community
Canada
2019 Posts |
$25 ? I thought they were only worth at most 15X face valve for spot silver. Wasn't there like millions of these sets produced?
Edited by Northerncoins
03/22/2015 1:09 pm
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Pillar of the Community
 Canada
2360 Posts |
Over 67,000,000
EDIT:This is wrong,
total mintage was 6,767,496
Total Specimen Dollars 72,463 + 337,687 = 410,150
Edited by SilverDon
03/22/2015 3:22 pm
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Pillar of the Community
Canada
2019 Posts |
Quote:
Over 67,000,000 Wow crazy mintage, I guess thats why I keep seeing these things every where. |
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Pillar of the Community
Canada
1823 Posts |
Quote:
Over 67,000,000 How many millions have been melted? At my local lcs they send out all of the 67,66,65,64 out to the refineries to be melted . Edited by yingyang
03/22/2015 2:02 pm
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Pillar of the Community
Canada
2019 Posts |
Quote:
How many millions have been melted? We probably will never know. |
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Pillar of the Community
Canada
2360 Posts |
Proof Like Sets had a mintage of;
963,714
Specimen Set with Medallion in Red Case;
72,463
Specimen Set with $20 Gold Coin;
337,687
Mintage of 1 Dollar total;
1 dollar 1967 : 6,767,496
My apologies, was typing in a hurry.
To be more precise, sorry.
Edited by SilverDon
03/22/2015 3:24 pm
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Posted 03/22/2015 08:55 am
