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Personally Feel That RCM Has Sunk The NCLT Hobby

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silvergoose's Avatar
Canada
48 Posts
 Posted 01/25/2017  11:42 am  Show Profile   Bookmark this reply Add silvergoose to your friends list Get a Link to this Reply
I agree with pretty much everything that has already been stated in this thread.

Unfortunately, as long as people keep buying up these questionable NCLT products from the RCM, they will keep producing them - whether we like it or not, and in great quantities. It seems to me like many of us have already taken the measure of greatly limiting our purchases in order to send a message, but that does not seem to get the RCM's attention.

Perhaps people like us are no longer their primary market?

Valued Member
aghawk's Avatar
Canada
343 Posts
 Posted 01/25/2017  2:06 pm  Show Profile   Bookmark this reply Add aghawk to your friends list Get a Link to this Reply
Perhaps people like us are no longer their primary market?

Sadly I think this may be the case.
Valued Member
Wandering Eskimo's Avatar
Canada
135 Posts
 Posted 01/26/2017  03:04 am  Show Profile   Bookmark this reply Add Wandering Eskimo to your friends list Get a Link to this Reply

Quote:
Perhaps people like us are no longer their primary market?


Maybe this is the case... but who is the "new" target then? Is the strategy to cycle through uneducated purchasers / consumers until they tire of the onslaught of new items with less-and-less relevance to our country, heritage, and history?

"Alienate the brand evangelists" doesn't seem like the most sustainable marketing strategy!
Pillar of the Community
Canada
2845 Posts
 Posted 01/26/2017  09:53 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:
. but who is the "new" target then?


In 2017, RCM will benefit from sales featuring Canada's 150th anniversary. Without any doubt, they will look to develop first time NCLT buyers from that group and on it goes...

Considering Canada's population of 35 million plus RCM's global playing field, I think the stream of new collectors ready to open their pocket books is something RCM can easily rely upon. Because the themes become repetitive, I'd suggest RCM is fully aware that the majority of high spending "collectors" are only around for the short term and so the cycle continues.....
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silvergoose's Avatar
Canada
48 Posts
 Posted 01/26/2017  09:59 am  Show Profile   Bookmark this reply Add silvergoose to your friends list Get a Link to this Reply
"Maybe this is the case... but who is the "new" target then?"

Seems to me they are trying their hand at appealing to a wide range of people who collect different things - as demonstrated with releases that featured the likes of Looney Tunes, Batman, Superman, Wonderwoman, Star Trek, and Nascar (Nascar for me was the RCM hitting rock bottom).

Occasionally I'll poke around on the US Mint's website, and I must say that I really like how they operate - very straightforward and simple. They have ongoing coin programs and every year you can get new issue Silver Eagle, Gold Eagle, Platinum Eagle, Gold Buffalo / Indian Head, Presidential, Native American dollar, and so on. Of course they also issue commemoratives, but nowhere near as frequent as the RCM and every release is very much tied in with American culture and heritage. Mostly everything is very well designed and nothing gimmicky at all. I hope they stay the course!
Pillar of the Community
Canada
2845 Posts
 Posted 01/26/2017  10:39 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:


Occasionally I'll poke around on the US Mint's website, and I must say that I really like how they operate - very straightforward and simple <snip>....Mostly everything is very well designed and nothing gimmicky at all. I hope they stay the course!



I totally agree.. I like how the US schedule of releases is charted throughout the calendar year. RCM's habit of monthly release is based on the element of surprise and promotes the poor habit of impulse buying. Hurry, Buy Now is written all over their ads.

The US mint and Canada's RCM are apples and oranges in structure and function. Canada's is established to profit, the US to promote culture and heritage.


Pillar of the Community
Canada
6768 Posts
 Posted 01/26/2017  10:45 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply


but I would prefer 'the mix'

The 'programs' - they actually the thematic subscriptions, that RCM runs, just our mint does them too much and too frequent and themes are ....hmmm.

The "NASCAR" is actually medal / token, that was commissioned.
I assume, RCM frequently strikes something similar (dozens of them each year?), they just do not appear on our market, and if sent externally - nowhere RCM is mentioned.
Valued Member
aghawk's Avatar
Canada
343 Posts
 Posted 01/26/2017  11:20 am  Show Profile   Bookmark this reply Add aghawk to your friends list Get a Link to this Reply
I wonder if in 50 years anything the RCM puts out this year to commemorate Canada's 150th will have the relevance that the classic circulation coins from 1967 have today - somehow I doubt it.
Pillar of the Community
Canada
6768 Posts
 Posted 01/26/2017  11:45 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
I wonder if in 50 years anything the RCM puts out this year to commemorate Canada's 150th will have the relevance that the classic circulation coins from 1967 have today - somehow I doubt it.


That's true, but the era is different.
Which NCLT did we have in 1967? Looks like nothing.
Commemorative coins? Few silver Dollars (6 with 1967) and 'V' Nickel and 1951 Nickel.
And suddenly people get all circulation coins in new Anniversary design......this is "The Event"

Nowdays we overfed with everything.
No NCLT is special (too many of "specials").
I believe, RCM will mint some nice and expensive PT and AU coins, but they not for everyone pocket...

Probably, 2017 Silver Set and some un-circulation sets will be the best and significant items.
Valued Member
joeysanders627's Avatar
United States
408 Posts
 Posted 01/26/2017  1:34 pm  Show Profile   Bookmark this reply Add joeysanders627 to your friends list Get a Link to this Reply
I buy from RCM all the time and I find their stuff to be a lot more daring and interesting than anything coming out of the US Mint. They are too conservative.

The struggle is trying to find new coin collectors as the population of coin collectors ages. They are being proactive about it. Unfortunately, many longtime collectors feel left out. I do think their strategy is a winner in the long run.
Valued Member
crazyglue's Avatar
United States
467 Posts
 Posted 01/26/2017  2:26 pm  Show Profile   Bookmark this reply Add crazyglue to your friends list Get a Link to this Reply
Everyone collects in different ways, so no matter what RCM does it may not please everyone.

Personally, I am a collector, so I struggle when I decide to collect something and then I find myself unable to be "complete" the project. I would rather not collect it at all.

Example: in World Silver Bullion, there is only one country I have not started collecting. That is Australia. It is simply because of the sheer volume. Most countries have a single or maybe two bullion 1 oz silver choices. Australia has lunar, koala, Kookaburra, crocodile, horse, kangaroo (two types of kangaroo actually), etc.

When it comes to NCLT proof coins, Canada is the same issue for me. If I collect $1 (just an an example), I would want a proof of every single $1...not just the ones I like. Just the collector in me.

I think when you up the volume so high that you have to pick and choose-- some people like me will just choose to opt out.

I do collect Canadian Silver Bullion because it is still manageable. But I am not sure for how long it will remain that way. Maple leaf, now bison, grey wolf...birds of prey, predators, etc...all in plain silver bullion. A few more items get added to the annual releases and I will want to drop Canada off my yearly list entirely, rather than have to just pick some and not others.

Pillar of the Community
Canada
6768 Posts
 Posted 01/26/2017  3:20 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
Example: in World Silver Bullion, there is only one country I have not started collecting. That is Australia. It is simply because of the sheer volume. Most countries have a single or maybe two bullion 1 oz silver choices. Australia has lunar, koala, Kookaburra, crocodile, horse, kangaroo (two types of kangaroo actually), etc.


I assume, you try to get all of them.
Instead, I would compile the collection of World bullion by choosing only 1 "sample" coin from each series (and not entire series)


Quote:
A few more items get added to the annual releases and I will want to drop Canada off my yearly list entirely, rather than have to just pick some and not others.


This is exactly happens when it too much.
Before recent years RCM had couple of sets like WWII related, olympics and first Wildlife series. Now - a lot. Privy SMLs - totally out of control. But here RCM surely just making a money without even considering any type of collectors.
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aghawk's Avatar
Canada
343 Posts
 Posted 01/26/2017  3:30 pm  Show Profile   Bookmark this reply Add aghawk to your friends list Get a Link to this Reply
Agree with the comment about Australian bullion - but then I only go for the Kookaburra's.
I gave up on RCM bullion due to persistent milk spot issues. I never had a milk spot on any of my Kooks.

In retrospect, in terms of investment value(should I choose to flip)the Kooks are a much better investment even though their initial premiums are a bit higher.
Rest in Peace
United States
233 Posts
 Posted 01/26/2017  8:44 pm  Show Profile   Bookmark this reply Add ikeyPikey to your friends list Get a Link to this Reply

Quote:
... but who is the "new" target then? ...


As much as I am on 'our' side, I cannot help but wonder if - for example - the national birthday market could be larger than the numismatist market.

I'll ass-u-me that the bullion folks will stay in the 'investment' game no matter what RCM turns-out.

Cheers,

/s/ ikeyPikey



Pillar of the Community
Canada
798 Posts
 Posted 01/26/2017  9:58 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
Joeysanders... you wouldn't happen to be an RCM employee, would you? Do you really find the RCM daring? Stamping out coins ad nauseum doesn't fit my definition ...
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