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Canada 150th: 1967 Centennial Big Coin Series

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Canada
709 Posts
 Posted 10/02/2016  10:26 pm  Show Profile   Bookmark this reply Add wilsonwu89 to your friends list Get a Link to this Reply
The Shopping Channel rep contacted me back and it is for a 6-coin Subscription. He told me I had to call before midnight to get my order cancelled.

Once the order is processed, they cannot cancel the order.

:/ Hope you guys didn't get messed up.
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Canada
6768 Posts
 Posted 10/02/2016  10:54 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
The Shopping Channel rep contacted me back and it is for a 6-coin Subscription


So the difference is in the packaging (coin + COA vs maroon case and outer graphics box)?
And how they thought to charge the buyer for next 5 coins?

Something fishy here....but it turned good for you (since you were able to cancel). It not nice to buy something, that you have no idea what is it.
Edited by Silveroid
10/02/2016 10:56 pm
Pillar of the Community
Canada
634 Posts
 Posted 10/02/2016  10:55 pm  Show Profile   Bookmark this reply Add Electrum to your friends list Get a Link to this Reply
That is correct
Gotta cancel prior to midnight for full refund...
If you haven't you'll need to return and pay for shipping.

This is a nice set but very risky for RCM and whoever commissioned because the middle four coins will likely not sell too well -
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 10/02/2016  10:58 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
For those that got the subscription, can't you cancel the subscription after the first coin? I don't see any downside to it. You get the Goose coin and a nice wooden box that costs $100+.

And for those that mistakenly order the sub but really wanted the single, The Shopping Channel has a 30 day return policy.
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Canada
6768 Posts
 Posted 10/02/2016  10:58 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
This is a nice set but very risky for RCM and whoever commissioned because the middle four coins will likely not sell too well -


True...
I've decided to wait for more 2017 related item, and not spend much on Anniversary of 1967 set.
Pillar of the Community
Canada
789 Posts
 Posted 10/02/2016  11:36 pm  Show Profile   Bookmark this reply Add shopaholic to your friends list Get a Link to this Reply

Quote:
his is a nice set but very risky for RCM and whoever commissioned because the middle four coins will likely not sell too well

Apparently the Mint and cdncoin are trying to sell this series as a set in the form of subscription. If the Mint and Steven Bromberg are smart, they should make the last coin (the penny) exclusive to the subscription only, that for sure will give people more incentive to stay in the subscription.
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Canada
5324 Posts
 Posted 10/03/2016  12:10 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
The biggest problem with this set is there's too many of these tribute type sets and a almost certainty a colour version to follow, with increased mintage I still can't understand why someone would only be interested in only one or two coins out of the whole set. Unless the set sells out quickly there's no chance for any ebay sales it's like any RCM coin if available else where at issue who going to pay double
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commems's Avatar
United States
12326 Posts
 Posted 10/03/2016  12:26 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
I still can't understand why someone would only be interested in only one or two coins out of the whole set.

One simple explanation is that collectors of a given denomination may want to add a "Big Coin" version of their chosen denomination. So, for example, collectors of Canada's dimes may want a "Big Coin" dime. They may not collect the other denominations and therefore aren't interested in the other coins in the set.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Canada
5324 Posts
 Posted 10/03/2016  12:35 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Quite agree buy what you like, but most of the posters seems to believe only the dollar and penny would be popular, I was trying to find a good reason why the other coins wouldn't be popular too.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 10/03/2016  01:44 am  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
There are a huge number of people who collect 1935-1967 silver dollars out there. I have all of them except for the 1948 and a few others. So the Goose coin would fit right into my collection.

I am sure the Goose coin will appeal to silver dollar collectors who normally don't buy NCLT. The same reason why the renewed Voyageur coin did so well.

I believe there are a lot more silver dollar collectors than any other denomination.
Edited by MoneyPenney
10/03/2016 01:54 am
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Canada
2845 Posts
 Posted 10/03/2016  05:14 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:

I am sure the Goose coin will appeal to silver dollar collectors who normally don't buy NCLT. The same reason why the renewed Voyageur coin did so well.

I believe there are a lot more silver dollar collectors than any other denomination.


The 2oz Voyageur was a MC offering. Considering that "silver dollar collectors who normally don't buy NCLT" wouldn't have MC status, are you referring to buyers on the secondary market? If so, how do you know they were silver dollar collectors?

The vast majority of circulation coin collectors do not collect only one single denomination. Silver dollars were only issued for 28 years. Similar to NCLT collectors, as time goes on, collections and interest expand.

Regardless, it will be the market that will decide. $500+ for each Big Coin a substantial cost just for a redo and therefore I think price will be the limitation.

In the past, Canadian commemorative NCLT related to special years has been tended to become as unpopular as yesterday's news as quickly as the year is over. (1967, 125th, Y2K) Perfect as a keepsake but low in resell appeal. If anyone can think of an exception, I'd love to hear it.

Edited by wildflowerAB
10/03/2016 05:23 am
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12326 Posts
 Posted 10/03/2016  08:52 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
The vast majority of circulation coin collectors do not collect only one single denomination.

Could very well be true, but it's hard to know the percentages for sure. For example, I collect only silver dollars - no other denomination, and I know other collectors who focus on half dollars and five cent coins.


Quote:
In the past, Canadian commemorative NCLT related to special years has been tended to become as unpopular as yesterday's news as quickly as the year is over. (1967, 125th, Y2K) Perfect as a keepsake but low in resell appeal. If anyone can think of an exception, I'd love to hear it.

It's true that the market value for most of Canada's NCLT issues has suffered. Collectors can only absorb so much! Commemorative silver dollar market values have not been immune to the RCM's constant onslaught of new releases across all denominations, but there are a number of SDs that continue to trade above their original selling price.

Examples include the 2002 Queen Mother, the 2005 enameled 40th anniversary of Canada's Flag, the 2006 enameled Medal of Bravery, the 2007 Celebration of the Arts, the 2009 100th Anniversary of the Montreal Canadiens, the 2010 Vancouver Olympic high-relief Sun and the 2010 enameled Poppy. There are others that have maintained their value even in today's tough market.

I think the SD series benefits from its more traditional nature and somewhat limited annual releases. The core group of SD collectors out there helps support their market values by creating a bit of regular demand for the series' limited release coins.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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2845 Posts
 Posted 10/03/2016  11:28 am  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:

I think the SD series benefits from its more traditional nature and somewhat limited annual releases. The core group of SD collectors out there helps support their market values by creating a bit of regular demand for the series' limited release coins.


Yes I agree.

Me personally, just me as one example......., as a circulation collector I'm not going allow myself to be led down the path of 5oz, 2oz or 3 or 4 oz NCLT SDs because I can already tell there'll be no end in sight. RCM never quits when the selling is good.

Aside from that, I'm quite proud of my SD collection including NCLT and larger sizes would overshadow it by their larger presence. Why would I want to intentionally make my existing collection less interesting?

As well price is a significant factor. Somehow it seems what the typical collector ought to be prepared to pay for NCLT without batting an eye is continuing to creep higher and higher - at the same time as devaluation of NCLT in general continues to occur. That tends to make me even more cautious.

Unless one is buying to flip, perceived popularity by an unknown collecting sector is a poor buying motivator.
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Canada
6768 Posts
 Posted 10/03/2016  11:41 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
As well price is a significant factor. Somehow it seems what the typical collector ought to be prepared to pay for NCLT without batting an eye is continuing to creep higher and higher - at the same time as devaluation of NCLT in general continues to occur. That tends to make me even more cautious.


Will very agree with this and as well with increasing RCM appetite to mint 2-3-4-5..10 oz coins in the future.


On the other note:
The behavior of the offers for this coin on ebay is interesting. The sellers try the market, setting the pre-sale BIN lower and lower.

Current BIN:
CAD 999 with Free Shipping and Best Offer


(well, almost reasonable price to start with)

ebay Item ID = 252561581958

and again - none has been sold.

Remember asking price 1999? CAD 1000 discount
Edited by Silveroid
10/03/2016 11:41 am
Pillar of the Community
Canada
634 Posts
 Posted 10/03/2016  12:17 pm  Show Profile   Bookmark this reply Add Electrum to your friends list Get a Link to this Reply
5 4 3 and 2 oz coins endless possibilities -
Unless they are done in spectacular fashion there will be buyer / collector fatigue if not already....valid points above!
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