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 Replies: 145 / Views: 25,801 |
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Valued Member
Canada
92 Posts |
I suppose the question that needs to be answered is whether they will mint to-demand, or the full allocation?
If minted to-demand, then there should not be much excess floating in the secondary market, unless there are a lot of entities stockpiling inventory in the hopes that price will hold or increase.
If the full allocation (1500) is minted regardless of demand, then these coins may just sell at melt value.
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Pillar of the Community
Canada
5324 Posts |
Since the coin was available at CP and all the regular RCM dealers, most likely the 1500 mintage has been struck, what's more interesting is how many sets are produced, this will tell you the mintage of the penny. As we have seen in the last many issues of 5 oz. coins there isn't a demand for 1500 units Edited by john100
09/18/2017 11:48 am
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Pillar of the Community
Canada
634 Posts |
Melt on demand
Good point but yes limited mintage - more cost effective to mint all at one time.
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Pillar of the Community
 Canada
2984 Posts |
For some reason, 5 oz coins never do very well. Besides the 5 oz penny and the first Big Coin, the Loonie, there are no other 5 oz coins that sell for a significant premium over issue price. Even those 2 coins have dropped in price lately. And this Voyageur dollar is no different from most 5 oz coins. Quote:
As we have seen in the last many issues of 5 oz. coins there isn't a demand for 1500 units Exactly. The demand for this coin is less than expected as evidenced by the low prices on ebay and the fact that it is still available for issue price at Gatewest Coin. The people who really want the coin had no difficulty in getting it. So in reality there is sufficient supply to meet demand, thus keeping prices around issue. The price will only go up if demand exceed supply and so far this has not happened. Edited by MoneyPenney
09/18/2017 1:01 pm
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Pillar of the Community
Canada
6768 Posts |
Quote:
For some reason, 5 oz coins never do very well. if really to think about - this really unexplainable. Initial high price? Probably But why people will prefer 1oz Glass Lady Bug coin, mintage 5000 for CAD 500, rather than 5oz Voyageur mintage 1500 for CAD 500? |
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Pillar of the Community
Canada
634 Posts |
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Rest in Peace
Canada
1360 Posts |
it's elementary Silveroid,
low mintage isn't a big factor, if not a lot of people can afford it. The Ladybugs were listed originally (I think) $139...a price point affordable to a large number of people, and 5000 coins didn't meet the demand. Price goes up and up. a $500 5-ounce coin minting 1500, but there are only about 1000 people who collect it...the price drops....and they don't sell out/well.
Edited by Dcadon
09/18/2017 1:34 pm
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Pillar of the Community
Canada
2984 Posts |
 Prime example is Kilo coins. They have low mintage of 500 yet they never re-sell for above issue price. If they do sell, they go for a discount. Not too many people can afford a $2300-$2500 coin. Edited by MoneyPenney
09/18/2017 1:41 pm
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Valued Member
Canada
92 Posts |
This is why I asked previously if there could be a chance that they would backpedal on the Penny being available only via subscription.
If not enough subscriptions are sold to cover the fixed costs of production, they may have to sell what they can, regardless of "promises", to recover those costs and hopefully tip into the black.
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Pillar of the Community
Canada
5324 Posts |
At the recent RCNA the RCM staff was quite proud on how their marketing programs are working, they sell out about 2/3 of all issues, as in this case the RCM do not care, the coins are in dealers hand. It's really hard to argue with the RCM's stance, we make them you buy them, my first comment on this series was the RCM is beating a theme to no end yet most collectors comments were gaga over the first coin, you can almost be assured there will be a colour version six months latter. When the Winnipeg dealer doesn't instantly raise prices, it's a sure sign of another dud. |
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Pillar of the Community
Canada
634 Posts |
True
Other than the artificial hikes in Richmond Hill ( must be the elevation )
- initial coin is flat at or very near issue for all dealers...which bodes well for those eyeing the rest of the set -
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Pillar of the Community
710 Posts |
@MoneyPenney, I agree. Plus when you see a 1kg up close at a coin show they are not all that impressive.
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Pillar of the Community
Canada
6768 Posts |
2018 Big Coin series.
Beautiful Voyauger, the Penny.....
What happens, when the hype is over?
Check the other resource for the collector's thoughts.
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Valued Member
Canada
65 Posts |
I ordered a subscription from Colonial Acres. Each coin is $525 plus you get about $30 in points on first coin. I received the first coin and it was absolutely stunning, however, it was defective. There was rose gold plating where there should not have been. I returned it and am waiting for a replacement. If the replacement isn't perfect I will likely cancel the set. If the coin is perfect, this set instantly becomes one of my favourites.
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Valued Member
Canada
116 Posts |
I was told that there were 1427 subscriptions = 1427 pennies.
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Replies: 145 / Views: 25,801 |
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Posted 09/18/2017 11:46 am
