1/2 Oz Reverse Gold Plated Inukshuk

SPP, I've never really followed the various NCLT issued by RCM included in their Mint Reports. That's a great example of half and half plated.

@ Money Penney, CoinCanuck94 or Panda, given the emphasis on the reverse gold plating of the Inukshuk issue, in what way does that compliment your existing NCLT collection?

I think it's helpful, especially for newer NCLT collectors, to share examples of how a particular new "first" release such as this can lead to an interesting collection theme by seeking out existing NCLT that they might not be otherwise aware of.

Using your hypothetical example:

"Hurry and buy, almost sold out!" 6,000 sold by RCM virtually overnight "Ching, ching" sales roll in. Issue is closed immediately, done, onward to the next month!

Or

As opposed to a 6,000 mintage let's say it's set higher at 10,000 instead. Nobody's pumping whatever the issue, it's a yawner, same 1000 collectors still buy it over the course of several months, no need to rush, proceeds slowly trickle over to RCM as it remains in the "new release" list until eventually it gets pulled. The unsold leftovers from the initial production run then get sold for a deep discount to dealers or melted at increased cost.

It would seem the role of flippers benefits RCM, a no-paid marketing dept who quickly moves their inventory. Howver it's the flippers who carry the risk, will their accumulations sell or not? Indeed, the odds are not in their favour. I'd expect flippers turn over just as quickly as people who pay an inflated price above issue.




Nope, nothing new.

This is the best.

And if some collectors / non-collectors thinking to resell their coin....well, this also not harm the market keeping it's alive and cycling.

But usually re-sellers sitting on the 5-10 coins and pushing them into the market....
I still remember nice guy here, who entered the hobby by managing to get 3 Glass Butterflies (when the artificial soldout crisis happened) and quickly flipped 2 of them for CAD 300 each. Not bad, from one side the guy liked this way of collecting , from other - gave mistaken feel, that way he could do forever, without any loss.
What was the end? As per him - both pre-sales have been cancelled, cause buyers bought coins for much less, when initial hype over.


Added:
some members, as I see from the other side, smartly cancelling their multiple orders for Inukshuk coin, and this is very correct....there is already a flood of these coins on ebay.

Me too! However knowing that RCM undoubtedly employs various means of data mining to determine consumer behaviour, the Inukshuk is another example of a release that suggests to me the market is anything but healthy.

For one thing, lower priced NCLT has tradionally had the highest mintage. Makes sense, an affordable entrance to maximize attracting new collectors. Presently RCM is taking the opposite route - cheaper coins, lower mintage.....huh? A flippers paradise, reduction of cash outlay. But the problem is any new collectors who buy on the secondary market at $100 or more surely must notice the value of their purchase drop down, down, down shortly thereafter, even faster than those of us who buy at issue price. Exit.

Another thing, in a healthy market, if this coin was expected to be a hot release by RCM, they would have added $10 more in silver and priced it at $100. I'd think this Inukshuk wouldn't have sold very well, the theme is overdone. Instead flippers take on the $100 price risk of selling a 1/2 oz silver coin. Anything less, not worth it for them.

@ Coinsplus - I too recall the fiasco of those first "gold" loonies and that occured in the days prior to the popularity of ebay. What you mention, thinking about it, wouldn't surprise me either.

On the other forum, ONE guy is saying the Inukshuk is dead. So based on this one guy, the coin is crashing already? What if one guy had said the Pysanka coin is dead in the beginning?

Its only a $60 coin, not a $600 coin so any loss will not be that great. Its not going to sell for $30 anytime soon. And if does sell for $30 eventually, collectors will get a bargain.

Also, if you are a coin collector and like it, why would you care if it drops it price. Again, it is not an expensive coin.

The best reason anyone has to "like" this coin is to buy it, then sell it......

They had 3 at CP in Halifax this morning and I ended up buying one.

This is exactly what this coin great for - to enreach the collection of the dedicated to this theme collector.
And not just being grabbed for assumingly be popular in the future.

Congrats for new item, Priorpence