Flash Sale And One Day Sales

@MoneyPenney
I too just ordered one of these from Silvertowne. A nice coin and tough to beat the price.

Colonialacres

Blowout Specials - Sale Begins Fri Apr 10 @ 2pm EST!

http://www.colonialacres.com/catego...r-10-2pm-est

Remember the Lake Superior coin? Everyone was raving how great it was. Now you can get it for $91.95 at CA's Blowout Sale.

http://www.colonialacres.com/produc...rough-20-off

The earlier comment from emveecoins is what worries me and I find as being a blow to the hobby.

PEople are not stupid. No one is going to like buying the coin they bought and then finding out that its on sale for 40-50% off months or a year later. That is unacceptable. It is going to kill new fresh blood that comes into coin collecting.

This is very damaging to the hobby and the mints around the world need to stop putting out so much product at such high prices.

It is clear things are catching up to them.

Gone are the days of 5000 and higher mintage 1 oz silver glass /regular type coins increasing in value long term, even short term for many. Buy them because you like to collect them not for their possible increase in value. Same as a car, you lose hundreds if not thousands as soon a you sign those papers.

There still will be some coins that do quite well but, the 2014 5 oz proof Britannia for example, beautiful coin and doing really well on ebay, secondary market ect, but they has a low mintage of 600.

But even low mintage doesn't mean it will increase in value much, but it will definitively have a better chance then the higher mintage coins.

I know its sucks buying a coin at issue only to find it 40% off a year later but this is the sign of the times, companies cant hold stock at a price it doesn't sell at, since they have payroll, daily expenses etc, this wont change and will only get worst as more and more coins are being pumped out by more and more mints around the world.

Best thing is be selective of what you buy, personally I try to buy only coins with mintages 1500 or lower and work on a few sets of interest. If I see a high mintage coin that I really really really like I still may buy it but knowing full well it most likely will not increase in value.

I think what I'm getting at is that the so called "list price" is just wrong. I understood, as the price of silver doubled, then doubled again to nearing $50 per ounce, that the list price at the mint should raise the same. But, we've been in a $20/oz range of silver for over a year now, and we haven't seen any similar adjustment downward on our list price. BUT... "The collectors are used to paying $120/ounce of silver - if it's NCLT" so the prices remain high.

I'd hate to equate collecting coins to gas prices, but the recent issue of "the people are used to the higher price" isn't right. 20 years ago, oil was $40 a barrel, gas was about 40c/Litre. When the barrel went to $120, gas was in the $1.20 or $1.30...now it's low at $50 per barrel again, and instead of lowering the price of gas to where it should be (below 75c/Litre) the government is suggesting taxing it back to $1.20 "because the people are used to paying that price now".

This has to stop.

They wont as long as people are buying enough product to make them a profit, but I imagine its already showing the effects on the profit margin compared to other years, as they have reduced the mintages on some things, although 12,500 mintage on the 1oz loonie toons is a bit baffling, but I guess they can recycle the ones that don't sell, if any. eh who knows.

They most likely make these coins to demand up to the max mintage, this is why delays occur with shipping since they don't have the whole 12,500 in stock so to speak.

Siveroid has said exactly what I have observed in coins.. and BTW great job in bringing attention to the 5 oz Britannia coin.

I believe, as has been stated that a beautiful, unique, and lower the mintage (but not necessarily always the case based on my data) coin ends being a hit.

i mean really, after so many deer, beaver, blue jay, etc coins... (and I dont mind animal coins, I love them) some coins stand out with their designs, like the recent 5 oz Brit coin.

BTW, the previous 5 oz Britannia coin was a dud,, in fact it was the FIRST one issued and the prices rolled over in the secondary market,, yet this recent issue did very well... and its because the design was very nice, coupled with a low mintage.... made it a nice knock out combo that collectors desired. BTW, that dispels the notion that the FIRST coin in a series is the most desirable...