Should We Still Order From RCM ?

I just have to say, like a few others on here, I don't care at all about investing in coins. As a university student who is struggling already, I don't have the money to invest or whatever. But I don't see the point why you would want to. If you want to invest, buy bullion. Leave the NCLT for the collectors.

I will continue to buy coins from the Mint because I love their products. When I can afford to buy a coin, I treasure it. I love it. And that's the way it should be. These are collector's items, they're not $$$$$$ making items. What enjoyment is there in coin collecting if all you can think about is how much your coin is going to be worth in a month, year or ten years?

And people always mention mark-ups on silver, etc., but who really cares? It's still a much cheaper buy than any silver jewellery piece you can find (when you factor in cost and weight) and we have to think about the work that goes into producing the coin. There's a lot of wages that need to get paid in order for you to get your coin. If you don't like it, don't buy it. All of this complaining can really give someone a headache and it leaves me questioning why some people even bother collecting?

Where's the fun in coins these days? Where's the joy?

I'm a 20 year old university student who has been buying coins from the Mint for years. I don't have the luxury to buy whatever I want, and I have to be EXTREMELY choosy. I can barely afford one coin a month. I only buy 1 Oz. silver coins a couple times a year. I don't have the luxury to be able to buy all that I want, or drop tons of $$ buying 2, 3 or 4 of one coin.

But this only makes me appreciate what I have even more. I can look at the coins that I am fortunate to have and really appreciate their beauty. And I wouldn't sell any one of these for any amount of money.

And it's kind of annoying when you know people who brag about all the valuable stuff they own. Who cares?

Years ago, probably when I was 14 or so, I saved up a years worth of money from a paper route and went out and bought the very first Star Trek comic book ever. Do you know what the first thing I did with it was? Took it out of plastic and it's little 'graded' case and read it. And that's exactly how I feel about coins.

It's neat to own them, and I love that they are limited mintage, but I could care less how fast it sold out, who else has one, how much it's worth or how good/bad of an investment I made. When I buy coins the only thing I'm investing in is pure pleasure.

For me I will be reducing the number of coins I get from the RCM. I'm frustrated with the delays.

I been told that the RCM is planning on issuing 400 new coins in Canada next year. I can't imagine what the delays will be like next year.

Ok I think there is room for everyone here, no need to condemn others because how and why they collect.





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@Northerncoins I totally agree that people collect for different reasons. I don't believe, though, that NCLT should be investments. Most of the time there is no return, and the price of an NCLT coin is so much more than the market value of silver and gold. I think serious investors should get bullion.

When people try to invest in NCLT they are going to get disappointed. A lot of the time, it is not a very good investment. And then people who wanted an investment get upset because their coin is worth the same ten years from now as what they paid for it. It just seems like a poor way to collect because then you are always disappointed.

I hope I wasn't one of the people you felt were condemning others. That wasn't my intention.

And with the Mint, it's a different kind of purchasing. Buying bullion you are investing in the silver or gold. When you buy from the Mint, the only investment you are really making is into the mintage. Because there are a limited number, that's where the value comes in.

I do agree with the all the stuff being said about delays. The Mint is really bad for delays. I'm still waiting for five of my 12 O Canada coins and the display box. Now I'm scared they will ship them all out in the next month (to get them shipped before Christmas as promised) and then I'll have 5 coins to deal with on my credit card. Yikes.

I guess we'll see what happens.

with wlouison.I buy for the pure pleasure of owning them and not as an investment.I do not care if they go up in value or down in value.I have them to look at and display and to enjoy them for what they are,works of art.

@arianzo Hey, that's totally cool. I don't know anything about bullion, and always assumed it was just for investing. I was just trying to make clear that I thought NCLT is less for investing than bullion is.

And yes, this is just what I believe. I'm not trying to offend anyone. Everyone has a different reason for buying coins. I just think investing in NCLT can lead to a lot of disappointment.

And I never once said I have the same experience in this as anyone. I just know what I know, whatever that's worth. This is all just my opinion and it really doesn't matter to me if you agree or not. And why I do try to be humble, being 20 does not make me ignorant. And my grandparents were collectors so a lot of what I know comes from them.

But at the end of the day, it is just MY opinion. If I didn't have an opinion, I wouldn't have anything to share. I'm not trying to change your opinion, either. And I certainly don't wish to condemn anyone for how they collect.
I just wish there was a little more discussion about the coin itself as a piece of art than about what will be a 'hot' coin, what will sell out quick or what will be worth a lot after it sells out. I think there is more to coin collecting than investing, and sometimes getting so caught up in coin values can ruin the pleasure of seeing a beautiful coin.

That is strange that they shipped the Niagara coin but not the box especially since the coin is also officially delayed - "Item 124098: Collector's box and 1/2 oz Fine Silver Coin - Niagara Falls: Late November "

Hopefully you'll get the whole set soon.

Fortunately for me, there was very little NCLT when I was in school and since I had big student loans, I wouldn't have been able to collect anyway. But it was a lot of fun back then collecting circulation coins because there wasn't a metal recovery program taking away all the old stuff. no mint website or ebay to temp me either (geesh now that I think about it, no one I knew even had a PC or had heard of the Internet. We used dumb terminals to log on to mainframes to write code ).

Best of luck collecting and studying. If you'd rather see more talk of coins (than the flipping side) my only advice is post often and steer the conversations in that direction.

Dear wlouison:

That's called incoherence. You can't suggest people to invest in bullion, if (as you have admitted) you don't know nothing about it. That's why I said you'd be more humble but in a positive way, never tried to offend you.

As CC-Ottawa said, best of luck collecting and studying and you are very welcomed here reading and posting