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Replies: 670 / Views: 73,062 |
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Pillar of the Community
Canada
5324 Posts |
The RCM shouldn't mint anymore than the 2200, but they know this coin will sell out why mint in batches, as in this case ship the 2000 out to the top tier mc at once or as I have always suggested from the get go ship all 2200 units to mc who wish to purchase. Why have some of your best customers waiting for weeks and others receiving last week.
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Pillar of the Community
Canada
3690 Posts |
Quote:RCM probably wanted to make a coin that for once will generate discussions, hold or go up in value, and then indirectly motivating members to become MC plat and higher levels to increase their chances of getting popular high demand coins like this. Which will then generate more income for RCM. This coin is like a bait to lure in more spendings. I think you give them too much credit. There is not a chance the Mint had any thoughts of generating interest or any other ulterior motive IMO. They don't give a hoot whether coins appreciate in value after they sell them. Their short term goal is to maximize their own revenue now. It's just as likely that they could only source 2200 boxes or they had 2200 2oz blanks lying around. They simply have proven over and over that they are just not that in tune with collectors though every other blue moon they manage to create something we want despite themselves. As for the goose, it is ugly and that's why it didn't sell. The Voyageur coin is not only well done (obverse aside), it appeals to collectors. Personally, I have a connection to it because it represents silver dollars which I collect. Having this coin compliments my collection. The goose would not in any way fit in my collection. Anyone who ordered the 2oz, ordered it before we knew it would be hot. Most of us will keep it for our collections regardless of the few that are being sold on ebay. We didn't order it simply because it was hard to order because when we ordered, it wasn't hard for us. That is, the demand was there on day one. Demand is not created by price. Price is a result of demand (and supply). I agree though, most of the teeth gnashing in this thread is because of those that didn't order or couldn't order (which was a real problem for some) and that has resulted in much of the discussion here to date. From my perspective, the ebay sales are somewhat interesting but they don't really affect me in anyway and I don't give them much thought.
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Pillar of the Community
Canada
5324 Posts |
That's true, the RCM probably ran out of boxes.
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Pillar of the Community
Canada
6768 Posts |
Quote: Anyone who ordered the 2oz, ordered it before we knew it would be hot. 2oz Silver coin with mintage of 2200 and appealing design - potentially "hot". So not few, who ordered, did it 'just for the case it will be hot', and wish we could order more than 1 "just in case" ... Added: the coin deserves long conversation, bearing recognizable and time proven design together with not really successful obverse, and being together with this **WHTF**. And as the rule (majority of threads prove it), as far as any delay in the delivery - more talks about the item (GITD-1, Two Loons, BoC)
Edited by Silveroid 12/07/2015 4:41 pm
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Pillar of the Community
Canada
2984 Posts |
Quote:john100 I think if they did mint 5000, it would be like the goose coin, people wouldnt really care, the demand of this coin is partially due to the low mintage and the fact that a lot of people who wanted it couldnt get it. For example there wasnt a 31pg discussion for the goose coin which had a mintage of 5000. RCM probably wanted to make a coin that for once will generate discussions, hold or go up in value, and then indirectly motivating members to become MC plat and higher levels to increase their chances of getting popular high demand coins like this. Which will then generate more income for RCM. This coin is like a bait to lure in more spendings. I don't think the Mint is that smart to make a coin like this just to "lure" people to spend more to become a Platinum member. Besides it is not that hard to become a Platinum or Gold level MC. The Mint just plain underestimated the demand for the coin. 2 oz coins usually have a lower mintage than 1 oz coins, so the RCM figured 2200 was the correct mintage. As for the Goose coin, it was ugly. The only thing nice about it was the case. Also, anything that is given away free devalue it right away.
Edited by MoneyPenney 12/07/2015 4:47 pm
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Pillar of the Community
Canada
3690 Posts |
Quote: 2oz Silver coin with mintage of 2200 and appealing design - potentially "hot". So not few, who ordered, did it 'just for the case it will be hot', and wish we could order more than 1 "just in case" ... Sure, there are speculators who order what they think might be hot. That is always the case. Nothing new there. But there are not 2200 active speculators. If all buyers were flippers, we'd see a couple thousand listing on ebay instead of just a few. And if collectors had not ordered, it would not have sold out in a day. My point is that the demand existed based on the coin. Not because it was scarce or because of any subsequent appreciation or ebay selling prices.
Edited by CC-Ottawa 12/07/2015 4:49 pm
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Pillar of the Community
Canada
6768 Posts |
I think, it is partial, CC-Ottawa
the initial demand existed for the coin because it is good. and bit later, like snowfall, added the factor : "everyone wants to get it, even previously didn't care, but majority of coins in the collector's hands and not many available". Exactly like Penny Set (with the misalignment with original size and design of some of the coins, and late delivery), just that set had more numismatic commemorability.
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Pillar of the Community
Canada
3690 Posts |
The demand was there day one. Primary evidence of that was the waiting list at the Mint. In the microeconomic terms. price appreciation does not create demand. It is a consequence of demand > supply. That said, there probably are a very few people who will want the coin simply because it is 'hot'. However, they are a minority IMO and their desire is a matter of psychology, not economics. 
Edited by CC-Ottawa 12/07/2015 5:57 pm
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Valued Member
Canada
256 Posts |
"I think you give them too much credit. There is not a chance the Mint had any thoughts of generating interest or any other ulterior motive IMO. They don't give a hoot whether coins appreciate in value after they sell them. Their short term goal is to maximize their own revenue now. It's just as likely that they could only source 2200 boxes or they had 2200 2oz blanks lying around. They simply have proven over and over that they are just not that in tune with collectors though every other blue moon they manage to create something we want despite themselves.
100% agree
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Pillar of the Community
Canada
2845 Posts |
While I certainly can't see into a crystal ball, RCM's track record would indicate once they hit upon a good thing they just can't seem to give it up. So I'd speculate we may see in the future the exact same series offered to the general public, but in 1oz coins. As a collector of SDs, that'd be appealing to me because of compatible size. If this does come to pass, what that might do to future collector appeal of the 2oz, who can say, the appeal of bigger is better may sustain it. Thoughts?
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Pillar of the Community
Canada
5324 Posts |
I doubt a 1 oz. version too close to the originals, more likely the other way a 5 oz. then a stupid colour version two months latter to kill all series.
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Pillar of the Community
Canada
2845 Posts |
Possibly. But I think the ability to conveniently display collections is an important factor to many of us and frankly, oversized reproductions means to me they''d be relegated to sitting in their box somewhere as opposed to complimenting an otherwise semi organized/viewable SD collection. Not saying that's an issue to everyone but it's the reason I'm personally not interested in off sized NCLT, whether it be 2 or 5 oz.
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Pillar of the Community
Canada
6768 Posts |
Quote: If this does come to pass, what that might do to future collector appeal of the 2oz, who can say, the appeal of bigger is better may sustain it. Thoughts? yeah, it very possible. 1oz gilded Commemorative Silver Dollars .... but with mintage of 7500 - 10000 and priced CAD 114.95 , they will be same "popular" as Tribute to the Nickel (i personally love the set, but bought selected designs)
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Pillar of the Community
Canada
2984 Posts |
Undoubtedly they will produce a gold plated version of the silver dollar, like the tribute to the Nickel, especially with Canada's 150th anniversary around the corner.
But nothing beats the detail on a 2 or 5 oz coin. You don't need to see a magnifying glass to see the detail. I have both the 1 oz Nickel and 5 oz Nickel. Its the amazing to see the difference between them.
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Valued Member
Canada
430 Posts |
I sometimes do wonder why the RCM has been producing these larger sized coins. It is because the demographics of collectors are getting older? As MoneyPenny mentioned, you don't need magnifying glass to see the details? Maybe the Mint is on to something... serious numismatist are older in age, have money to spend from retirement and savings plans... Therefore make a big sized coins so they can see the details without the requirements of reading glasses or magnifying glasses. Focus groups coud have been done on ths issue. And if anyone noticed, they are re-creating the classic designs that every senior collector grew up with... Everything old is new again.
Edited by Coinsplus 12/08/2015 12:09 am
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Replies: 670 / Views: 73,062 |