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 Replies: 136 / Views: 18,560 |
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Pillar of the Community
 Canada
2984 Posts |
It's sad state of affairs when 6000 coins is considered too high. NCLT coins from 1990s to 2010 had mintages of up to 30,000. Proof sets in the 1980's and 1990's have mintage of 100,000 or more. Even in the last 2 years many coins mintages are still at 10,000, 12,500, and 15,000.
Surely there must be 6000 or more Canadian NCLT collectors in the world. So, is 6000 now the new benchmark for price appreciation? That it must be below 6000 for any hope of coins gaining value? Will people look at the 6000 figure, and say forget it, its dead because of the high mintage.
As for stand alone coins, ie, those not in a series, well the Mint has been making stand alone coins for the last 50 years. Nothing new there.
For those who don't think much about the coin, go see it in person. Maybe you will change your mind. I saw it at the Mint Boutique in Vancouver today and it looks stunning. Looks like a real gold coin. Couldn't tell the difference between a real gold coin and this gold plated coin. Show it to a non coin collector and that person would think it is real gold coin.
Edited by MoneyPenney
04/09/2016 01:32 am
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Pillar of the Community
Canada
2845 Posts |
Quote:
Quote:
It's sad state of affairs when 6000 coins is considered too high. NC
It certainly is. And according to the weekly movers & shakers from week to week, it appears traditional collector coin has almost become a NCLT sideline, compared with consistently high sales volumes and mintages of 300,000 for X-for-X coins. Quote:
As for stand alone coins, ie, those not in a series, well the Mint has been making stand alone coins for the last 50 years. Nothing new there. If you're referring to my comment, my point was that recently the mint has been releasing more stand alone coins and fewer series. Personally, I'm far more motivated toward series. A mismatched group of single coins end up remaining in their clamshell cases, all too soon get forgotten, been there, done that. And MoneyPenney, in your admiration of the Inukshuk, I wonder have you ever noticed either the 2013 or 2014 gold-plated O Canada series? Same size coins $10 I believe, absolutely compatible in theme as well. Adding: Quote:
Looks like a real gold coin. Couldn't tell the difference between a real gold coin and this gold plated coin. Show it to a non coin collector and that person would think it is real gold coin.
 . This was a topic on page 2 of this thread. Edited by wildflowerAB
04/09/2016 02:52 am
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Pillar of the Community
Canada
2019 Posts |
Well you have got to give the RCM points for trying , gold plated and lower mintage, even 6k is better then 7500 8500 what have you in todays flooded NCLT market. Edited by Northerncoins
04/09/2016 04:34 am
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Pillar of the Community
Canada
2845 Posts |
The best case scenario would be that the Inukshuk with its bedazzling gold and silver combination motivates people to collect similar theme-based NCLT that already exists. There's a difference between coin collecting and just spending money on new stuff. In the world of NCLT, within a few short months, new quickly turns old and loses its appeal, it's a never ending cycle. While it has been discussed whether or not RCM misleads buyers of XforX into believing it is a "risk free" longterm savings plan - likewise I have to wonder if new collectors are lured into buying new releases of NCLT believing it is an investment that will increase or retain its value over time. Lower mintage but more releases, 12 x 2 or 4 x 6, both equal 24. Same result. |
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Pillar of the Community
Canada
6768 Posts |
Looks like prices started to soften for Inukshuk coin on the secondary market: CAD 87.95 and Free Shipping (Canada), Item ID = 222078153868CAD 89.95 and Free Shipping (Canada), Item ID = 252339363174No real demand now...could be, people prefer to wait and get it for low price later. |
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Pillar of the Community
Canada
644 Posts |
I saw a seller who had an error COA selling it on Kijiji. He had COA# 93/10000, when the mintage is only 6000.
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Pillar of the Community
Canada
3690 Posts |
Edited by CC-Ottawa
04/10/2016 9:56 pm
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Pillar of the Community
Canada
6768 Posts |
This is cool error.
Not the coin, but paper.
Just will be interesting to understand, if the COA belongs to Inukshuk coin.
So, assumption could be, that the low COA numbered has the same error, and later corrected.
Another assumption - the real mintage isn't 6000 but 10000
just 4K went to some third party, hence Mint mistakenly mentioned 6K on the website.
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Pillar of the Community
Canada
3690 Posts |
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if the COA belongs to Inukshuk coin. Oddly the ebay listing COA does not show it's for the Inukshuk but his kijiji ad did show an Inukshuk COA. Looks like he folded it for the ebay pic and left out the most important detail. lol This is the pic from kijiji:  Edited by CC-Ottawa
04/10/2016 11:42 pm
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Pillar of the Community
Canada
6768 Posts |
 This changes a lot. Thanks CC-Ottawa for checking details. So, could people here check their Inukshuk coin COAs? |
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Pillar of the Community
Canada
2984 Posts |
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Pillar of the Community
Canada
6768 Posts |
I briefy checked the Canadian listings for Inukshuk - and true, all of them (whoever post a picture) have the COA with XXXX/6000 format. But they are "high" COAs.
There is one listing, that belongs to active member here, the COA is #16 and there is no picture of the certificate.
So he should check, could be it the same error.
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Pillar of the Community
Canada
3690 Posts |
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Pillar of the Community
 Canada
2360 Posts |
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Pillar of the Community
Canada
1528 Posts |
http://www.kijiji.ca/v-oeuvre-d-art...ionFlag=trueLoL CC-Ottawa, you are famouse on kijiji "iI have coin with error very rare 2016 -10 dollars fine silver and plated gold Inukshuk mintage worldwide 6000 but I have certifcate of authenticity 00093/10000 was real mintage only 6000 I said CC-Ottawa I am read the same forum to you :) ebay and here the same certificate of authenticity ebay I don't have account friend post for me my canera to pictures insert to Kijiji is hard to show complete COA but no fake really true 00093/10000 i am add to ebay commemorative coin auction beginning 250 dollars you bid thank you"
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Posted 04/09/2016 02:30 am
