Surprise Sale From Gatewest On RCM Numismatic Coins Today.

Maybe its collectors who have contributed to the vicious low price circle by waiting for lower prices. We all desire a bargain, but when too many bargains abound, then the prices just keep falling. Coupled with too many issues. Many of these low demand coins would of been desirable, if there was less competition. The mint needs to go back to quarterly releases. This way a person had 3 months to enjoy their coin, before other issues competed for attention. I bet back then there was little talk about low demand coins. Nowadays there is so much selection, it has devalued even a decent coin.

The talk has switch from how much profit I can make to how cheap I can get the coin. Occasional bargains are great, but when it becomes the norm it hurts everyone. Prices are dropping, as collectors have become savvy waiting for a discount. This works well for the individual, but not when the masses do it. It forces the prices down across the board. It becomes problematic when the initial supplier, the mints, fail to lower their issue price. So have we collectors added to the problem by expecting lower secondary pricing.

I agree with Lost words, it seems as collectors lately few are satisfied. What has changed in the past few years. Are we spoiled by all the discounts on recent releases. Any discount years ago would be welcomed with open arms, now it seems, only 40-50% off matters. Starting in 2012 it was a race to get mint direct, so to get a coin at issue. We felt lucky to get a coin at issue. Nowadays, most have become bargain hunters. What will the next switch be. There does seem to be a lag with the world mints. It seems more like burn out has hit, as there appears to be a fair amount of discontent. There are many beautiful coins getting discounted. There must be multiple factors at play.

I find this type of statement to be disrespectful to other collectors and harmful to the hobby in general.

Just because a particular coin is not one that you would purchase, it doesn't automatically make it of "no use at all."

Every collector has their own interests that drive what they collect. IMO, none should be insulted for the choices that they make.

Agreed. There is no unpopular coin or "no use at all." coin.
That's why the worldwide mints have expanded their offerings.
To each their own.

What does it matter to the "mint" (any mint). A certain selection does not sell well.
They only produce a fraction of the run and then OMG it's a "hit" - back order them.

Then the coin/ series falls flat on it's butt due to the time element

I collect coins that appeal to me. I don't only scout out the hot coin. I do have a few, mainly because I like them. I also have many so called unpopular coins, like Gr of 7 set, too me they are outstanding. Its a shame they aren't more appreciated!!

What makes a hot coin anyway. Plus tastes change over time. Look at how the 2009 summer moon mask and 2010 sun coins are now sought after. Trends change all the time. Now with so many markets, no coin truly stands out anymore.

The main thrust is a collector doesn't want to see his coin drop in price drastically in a span of just a few months. If its going to dive in price it should take a decade. As it takes several work hrs to be able to afford one. Often we have given up purchasing some other pleasurable item. As a life long bargain hunter, I feel like an idiot, when I find I've overpaid for a product. There's no pleasure in feeling like a chump. Coins hold different meanings to different people. Id never put down any coin, just because no one is raving about it. Even the so called popular coins soon are forgotten in this current market. the attention span really does seem short these days.

Thanks @Looney I know I'm in good company, and luckily its only a few coin sets I purchased mint direct that have dropped. Thanks to Yup, I started to drastically cutback on mint direct purchases, it could of been much worse. I only have 8 2015 purchases. My reason for buying mint direct, was to get at issue price with free ship. There was a time it was cheaper to buy mint direct. I like how the US mint does adjust its price when spot falls. The feedback loop has been slow to respond with most mints. I go back and read threads prior to 2013 and it was a totally different perspective. I think its fair to say most collectors are more astute and careful in their purchases. This will lead to a healtheir hobby in the future.

These comments are no different than those made from the early 1990s, when RCM double dollar sets of the the 1980s and Montreal Olympic sets were easily obtained for 50% less of issue price... such is the nature of the beast for mass produced items to a limited market.