| Author |
Replies: 66 / Views: 15,390 |
|
|
|
Pillar of the Community
Canada
6768 Posts |
Quote:Personally, I will keep my coins for a very long time. If you treat coin collecting as a hobby, that's fine. And I respect that. However, if RCM tells me in my face that I shouldn't treat coin collecting as an investment, I would quit it immediately. I really would like to support this. but for long term it even worse. If you have any random group of RCM coins, in the period 2000-2017 - one or two from the group will still hold the value, loosing it drop-by-drop. Let's look at the facts: **Yes, this kind of investment, if you like some people was managed to get and resell 100 of 2011 Dyno GITD. But then you bought 100 of the second coin. **Yes, it nice, if you holding at least 10 of 2011 Glass ladybug, while bought each coin for CAD 139. But do you know someone who could predict this? **You smartly put on action the #20.000 of the 2012 Penny Roll with special wrap and made CAD 6000. But to have this opportunity, running coin shop. **Had you managed to find 10 of the 2007 Baby Box Set or Wedding Coin Set? Yes, we have (or had) here the member that had a luck with these sets... What else? 2013 Gold Superman maybe? So basically, there are opportunities to make some money. But they so unpredictable and so rare. With short term, you have more luck, simply buying-n-reselling. But be ready to loose as well.
|
|
Pillar of the Community
Canada
634 Posts |
I think YesOrNo simply stated that he sees coin collection as an investment as so many collectors do... And many collectors simply approach collecting as a hobby and don't care if their collections increase or decrease- they will not sell their items. More than a few NCLTs have gone up in value - over the years but the bulk of what is being released is not for the invested minded-
|
|
Pillar of the Community
Canada
5324 Posts |
If anyone who looks realistically at all recent RCM NCLT coins in the last 5 years or so, there is close to 97% of the issues will sell well below cost, that's reality due to over production and other mentioned issues. The major stock markets if even 80% of stocks constantly looses, that market will cease to exist in no time, take Apple for instance just before their last quarter report and release of the iPhone X you buy hoping for big line ups and a knock out results, that is investing with risk rewards.
|
|
Valued Member
Canada
367 Posts |
Quote: I think YesOrNo simply stated that he sees coin collection as an investment as so many collectors do... That's my point. I think most people here treat coin-collecting as a hobby. That's fine. But one shouldn't ask everyone to treat coin-collecting as a hobby. It's like a person who enjoys eating pizza tells everyone to eat pizza. There are a few people in this world who don't like pizza. Please let me make my own decision. The day when I realize coin-collecing is a money-losing hobby, I will disappear.
|
|
Pillar of the Community
Canada
634 Posts |
There are many who declared hockey cards/sports memorabilia dead years ago due to over-production of product - but not so... Huge expo in Toronto this weekend...still a very strong desire for such collecting. Stock market not same as coin collecting. Stocks all about the money. Coin collecting well above & beyond just the money-many are passionate about this more-than-just-a-hobby.
|
|
Valued Member
Canada
367 Posts |
Quote:If anyone who looks realistically at all recent RCM NCLT coins in the last 5 years or so, there is close to 97% of the issues will sell well below cost, that's reality due to over production and other mentioned issues. Generally high-mintage coins are not doing well, at least in short term. But that doesn't mean collecting-coin is a money-losing hobby. In my opinion, if you buy every single coin issued in 2017, you will probably make money eventually (please don't hold me legally liable for saying this. This is not an investment advice). The reason is, the more expensive low-mintage coins would appreciate much more than the value lost from inexpensive high-mintage coins. In real life, we don't buy every single coin. And we don't buy every single stock issued in markets either.
|
|
Pillar of the Community
Canada
1571 Posts |
To each their own. Please say good bye when you start to disappear.
|
|
Pillar of the Community
Canada
1571 Posts |
If you bought every single coin issued in 2017, you would 100% for sure loss your shirt when trying to cash in. That is a fact. I can walk into a dealers shop in Toronto and get whatever coin is currently on the mint's website for at least 5% off. That includes coins that just came out, are about to come out, and haven't been dreamed up yet.
|
|
Pillar of the Community
Canada
798 Posts |
Even very rare coins in NGC PF70 holders can be bought for $75-$80, which is what they would have costed raw.
|
|
Pillar of the Community
 Canada
2984 Posts |
Quote: The reason is, the more expensive low-mintage coins would appreciate much more than the value lost from inexpensive high-mintage coins. Its the complete opposite. Expensive low mintage coins like the Kilo coins, 1 oz gold coins, 1 oz Platinum coins, 5 KG Silver, and the 1 Kilo NEVER appreciate in value. The 1 Kilo Gold coins sell for $75,000 and there is only 10 of them. Yet I never seen one sold for more than issue price. Same with the 5 KG Silver coins that sell for $12,000. For the less expensive Kilo coins that sell for around $2200-$2500, never seen one that sold above issue price. I participate in many coin auctions and I always see bigticket, low mintage coins go well below issue price. One time I won an auction for a 1/2 Kilo coin for $600 when issue was $1099. On the other hand, high mintage low value coins sometimes do appreciate in value. Like the 1st GITD Dino, the Pysanka, and the Cherry Blossom coin.
Edited by MoneyPenney 11/08/2017 1:37 pm
|
|
Pillar of the Community
Canada
6768 Posts |
The Coin Shoppe has a website interface upgrade.
They probably still in the progress, since not few bugs there.
In overall - the font is good and presentation as well. But what I didn't like: the movement. 3 rows of the main page are moving, and it destroys the focus and concentration on single coin. In addition - even in their movement, they not present all the coins in the category, so why to move them by default - let the user to scroll. Basically, instead of all 3 (I don't find them useful), on the main page would prefer to have still view of the "Resent items".
Anyway, great to see this dealer evolves. Still will be my first option to check.
|
|
Pillar of the Community
Canada
6768 Posts |
Has the RCM December coin release been cancelled due to all changes (coins in the Walmart, reduced demand, closure of the Vancouver branch), or there is no Dec release, since RCM usually doesn't do it?
|
|
Valued Member
Canada
457 Posts |
Dec coins are out now Two 1 oz Mapleleaf coin $189.95 12 coin crystal B-Day $54.95 each 1oz Yig & Yag $164.95
|
|
Valued Member
Canada
457 Posts |
All the above coins are VERY disappointing to put it nicely :( Ugly If I'm being honest:(
|
|
Pillar of the Community
Canada
1461 Posts |
Until the RCM limits the mintages of affordable coins to under 2K, they will never appreciate. RCM should take lessons from other world mints that have produces some beautiful coins with mintages under 2K and that have AT LEAST sustained their values. I'm always straight forward with my clients when selling them RCM products. Buy the coin because you like it's design, no different than a nice (insert product here) you would buy for yourself or as a gift at any other store with the possibility that it will wind up at a garage sale 5 years from now. There is nothing wrong with it as long as expectations are set. Buy an RCM bullion product if you want your product to appreciate over time. Last but not least, specifically on the Superman series...Everything after the first series was one too many...
Edited by TheCoinHunter 11/28/2017 2:38 pm
|
| |
Replies: 66 / Views: 15,390 |