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 Replies: 35 / Views: 5,607 |
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Pillar of the Community
Canada
1751 Posts |
I was thrilled when I bought my first color wolf wildlife coin and then the entire set. Now a days it seems there are multiple versions for all most each coin. gold gilding, color scences, rose gold, ruthenium , or combos of finishes. Yet the obverse side will most likely develop milk spots. Many sell well over $100. I have 2 sets of color wildlife, I fear to look on the obverse. I also have a handful of gold plated 25th anniversary maples. The flooding of enhanced bullion all takes the fun out of collecting.  |
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Pillar of the Community
Canada
798 Posts |
They'd make the coins in plastic if they could make a buck off of it. RCM is no different from PobJoy or Franklin Mints lately. |
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Pillar of the Community
Canada
3690 Posts |
I assume the coins PC is talking about are not enhanced by the RCM bit rather they are bullion coins altered by a third party. And yes, IMO they went too far with the first one.  |
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Pillar of the Community
 Canada
1751 Posts |
Yes, I'm referring to third party enhancements. At first it was unique, now its like a plague with all the varieties and how many are well over priced.
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Pillar of the Community
Canada
5324 Posts |
The RCM should enforce their copyrights and ask the German private mint to cease their colouring, it's defacing a Canadian coin also misleading collectors. |
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Pillar of the Community
Canada
6768 Posts |
Quote:
Yes, I'm referring to third party enhancements. At first it was unique, now its like a plague with all the varieties and how many are well over priced. Do not buy them anymore. (might be for quick resale, if you want to deal with it). Keep your coloured Wildlife series as First enhancement of first non-SML RCM bullion and that's all. You right, every enhancement looks like unique, but they are tooo many, and the fact, that the 3-rd party can do whatever they want, makes whole idea less attractive. |
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Rest in Peace
United States
18456 Posts |
Excuse me for stepping into your forum, but I as a U.S. coin collector really don't care for those novelty coins put out by the RCM . I know most of you are saying, if you don't like them don't look at them. OK I can relate to that but come on those crazy prices for colored coins is just insane. OK , I vented. everyone have a nice day !  |
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Pillar of the Community
Canada
3690 Posts |
Hey T-BOP just to clarify. This discussion concerns RCM bullion coins that are being 'enhanced' with colour or plating to produce 'special' coins by third parties other than the RCM. Usually these come out of Germany where a private mint takes 500 or so coins from the full mintage of millions, adds some colour or a design, repackages them in a collector box, adds a COA and then sells them at huge premium prices as 'rare'. There are many examples but here is one: https://firstcoincompany.com/S/cana...-plated-1-ozThey also do this with Royal Mint (UK) and US Mint bullion coin among others. I assume you comments are misdirected at the NCLT coins produced by the RCM. Ok, gotta go now. I'm off to the NASCAR forums to tell them how much I prefer F1.  Y'all have a nice day too.  |
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Rest in Peace
Canada
1360 Posts |
My issue, on 3rd party coin manipulators, as I have mentioned before, is that "they" say they are 'Limited Editions' of only xxxx number of coins. On the face, that sounds quite nice, but when literally 100's of thousands of the 'raw' coins exist, what is keeping them from minting another 10,000 of the same coins once their original run goes viral as a 'Rare' coin. Are they regulated? Is there any law preventing them from creating more?
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Pillar of the Community
Canada
5324 Posts |
All that needs to happen is for the RCM to get off it's rear end and send their crack legal team, the private mint is at least copyrights and most likely defacing a Canadian coin. |
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Rest in Peace
United States
18456 Posts |
My apologies for reading the thread wrong it's just that I can't see anyone or any country colorizing coins. Sorry RCM. |
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Pillar of the Community
Canada
2366 Posts |
I agree with the OP. The wolf is still my favourite. But after getting the wildlife sets original, gold plate and colour (the 3 sets look very sharp together) I haven't bothered with any since.
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Pillar of the Community
710 Posts |
It sounds like the novelty factor has worn off. In the past when RCM introduced a "new" concept/enhancement/packaging it usually generated interest and sales. Now that market is over-saturated, not so much... |
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Pillar of the Community
United States
932 Posts |
I still don't know what the point of slabbed/enhanced bullion is. Maybe someone could point me to the light?
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Pillar of the Community
Canada
2019 Posts |
Quote:All that needs to happen is for the RCM to get off it's rear end and send their crack legal team, the private mint is at least copyrights and most likely defacing a Canadian coin. Its illegal to deface current legal tender coins "in Canada" but other countries can do what they please with them is how I understand it. I think adding color "to Bullion" is a gray area and I doubt the RCM will do anything about it. Quote:Current coins 7. (1) A coin is current for the amount of its denomination in the currency of Canada if it was issued under the authority of (a) the Royal Canadian Mint Act; or (b) the Crown in any province of Canada before it became part of Canada and if the coin was, immediately before October 15, 1952, current and legal tender in Canada. Marginal note:Defaced coins not current (2) No coin that is bent, mutilated or defaced, or that has been reduced in weight otherwise than by abrasion through ordinary use, shall pass current. Quote:
Melting down coins
11. (1) No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada.
Marginal note:Offence and punishment
(2) Every person who contravenes subsection (1) or any condition attached to a licence referred to in that subsection is liable on summary conviction to a fine not exceeding two hundred and fifty dollars or to imprisonment for a term not exceeding twelve months or to both, and, in addition to any fine or imprisonment imposed, the court may order that the articles by means of or in relation to which the offence was committed be forfeited to Her Majesty.
R.S., c. C-39, s. 10. Lots of grey areas. So say if someone defaces a canadain coin in the usa can a canadian buy said defaced coin? It wasnt defaced in Canada.  http://laws-lois.justice.gc.ca/eng/...html#docContEdited by Northerncoins
11/21/2015 09:06 am
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Pillar of the Community
Canada
5324 Posts |
The Canadian 1 oz. silver maple leafs are the main coin that a private German mint has colourize then added a box with a COA saying limited 500 mintage, some collectors are fooled into believing they are RCM products. At least, this private mint has infringed on RCM copyrights, and since the maple leafs have a 5 dollar legal tender status it's defacing a Canadian coin. The RCM has legislation to aid they but for what ever reasons they choose to do nothing, my reference to their crack legal team. Edited by john100
11/21/2015 12:25 pm
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Replies: 35 / Views: 5,607 |
Posted 11/19/2015 9:27 pm
