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 Replies: 80 / Views: 10,215 |
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Pillar of the Community
Canada
2845 Posts |
i think people who buy on the secondary market immediately after RCM sell outs are often in for a surprise. NCLT values can fall just as quickly, far more if one pays a premium. It all depends on how much of an issue is bought by "keepers" as opposed to flippers, regardless of mintage. The 2014 Great Lake series is one example of a sellout that can be picked up now for almost 1/2 the price of original issue price. But I'd like to think the Cherry Blossom will do a bit better because it was available for sale to the public for a few days, as opposed to the Pysanka. I did buy one just because the price seemed reasonable and spring is my most favourite season. |
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Pillar of the Community
Canada
2984 Posts |
Of all the recently sold out coins, this is the easiest to find. Many post offices in Vancouver have the cherry blossom coin as do the Mint Boutique on Granville Street. Contrast that with the Pysanka coin which was vey hard to find in local post offices. Most offices did not order the Pysanka coin but many did order the cherry blossom coin. The ease of availability and the higher mintage is preventing this coin from commanding a higher premium on ebay. |
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Pillar of the Community
Canada
659 Posts |
Quote: The ease of availability and the higher mintage is preventing this coin from commanding a higher premium on ebay. Agreed. I noticed that, too. Nice coin, but nowhere near the demand of the Pysanka coin. Edited by Looney4Numi
03/11/2016 11:26 pm
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Pillar of the Community
Canada
1528 Posts |
I personally don't find it that nice of a coin and so far I can't find it in any po in Ottawa.
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Valued Member
Canada
312 Posts |
Saw it today at the post office....Looked very nice...I was there for mail purposes and was in a rush,never did ask how many they had(1 for sure) should I have bought it? ....lol
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Pillar of the Community
Canada
6768 Posts |
Quote:
should I have bought it? ....lol Not so hot to be profitable. Seasonal coin, that will be forgotten 2 month after the peak of interest. |
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Pillar of the Community
Canada
2984 Posts |
Edited by MoneyPenney
03/15/2016 03:25 am
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Pillar of the Community
Canada
5324 Posts |
Mintage still a little too high, too many hoarded now try to be flipped, one would guess the egg coin has just about the right mintage for this market.
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Pillar of the Community
Canada
659 Posts |
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Pillar of the Community
Canada
6768 Posts |
The coin back in stock in the Talisman. USD 65 Definetively not hot. But, if someone will buy some amount, and will go on the Cherry Blossom week to the Toronto High Park (which will be extremely overcrowded) - good money to be made  |
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Pillar of the Community
Canada
2845 Posts |
Quote:
Mintage still a little too high, too many hoarded now try to be flipped, one would guess the egg coin has just about the right mintage for this market.
Considering the egg coin was never available for sale by RCM to the general public I disagree that the mintage was right. Greater flipping opportunities do not attract more longterm collectors. RCM appears to rely on "sell outs" to increase their sales by attracting yet another whole new set of buyers who think there's easy money to be made on ebay by selling something that's scarce. The more flippers that NCLT attracts, the further prices eventually fall - as more and more longterm collectors exit, the downward spiral continues. If routine mintages of less than 10,000 are "too high" in a country of over 34 million people in a worldwide marketplace, the issue clearly is lack of interest in RCMs new releases. Purely as an observation though, for those of us who still do collect some NCLT, I suppose we should appreciate the flippers/short term hoarders because it offers a buying opportunity at a good discount to issue price in a few months or a couple years down the road. Edited by wildflowerAB
03/17/2016 1:18 pm
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Pillar of the Community
Canada
659 Posts |
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Pillar of the Community
Canada
2984 Posts |
Quote:Considering the egg coin was never available for sale by RCM to the general public I disagree that the mintage was right. The egg coin was available for sale at the RCM and other retailers but sold out pretty fast. Gatewest Coins had it as well as the Coin Shoppe. Also, some people were able to find it post offices. And the coin was available at the Vancouver Boutique. Remember a lot people were on the fence about and the success of it caught everyone by surprise. The coin was available for a whole week for MC members. I believe the 4000 low mintage did make a big difference. You see it with the birthstones too. The mintage of 3000 made it quickly sold out. The GITD 2 oz coins sold out fast too and they also had 4000 mintage. At 6500 mintage for the Cherry Blossom coin is too high. If it was at 4000 I am sure it would do much better on ebay. As been mention many times, the goal of the RCM is not to enrich flippers but to sell as many coins as possible. If there is another egg coin it will probably be more than 4000 mintage. Edited by MoneyPenney
03/17/2016 10:13 pm
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Pillar of the Community
Canada
1528 Posts |
I didn't like the coin but my wife like it. Anyway, I was able to sell it on Kijiji for $90. So 40% return is not bad. Can't expect 100% on every coin.
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Pillar of the Community
Canada
659 Posts |
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I didn't like the coin but my wife like it. Anyway, I was able to sell it on Kijiji for $90. So 40% return is not bad. That's pretty good, especially with no ebay fees. |
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Replies: 80 / Views: 10,215 |
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Posted 03/11/2016 10:49 pm
