vonigohcr's Last 20 Posts
| 2023 June RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
 Posted 05/30/2023 2:58 pm
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Short list this month..
FYI all coins have the now standard QEII obverse with the regnal dates.
5oz Silver; Curated Coin RCMP 150 anniversary; 65.25mm Mintage: 1,250 FV $50 $649.95
1oz Silver: 150th Anniversary RCMP Selective Colour: 38mm Mintage: 7,500 FV $20 $119.95
Base Unc Set in Card - Special 50c: 6 coins 5c-$2 Mintage 30,000 $29.95 + Tax
1/20 oz Gold: Everlasting Maple Leaf; 14.1mm Mintage: 3,000 FV $10 $289.95
Annual Collection Book - 2022 edition c/w 7 coin Unc Set of all special releases (Loon & Toon). Printing: 4,000 $119.95+Tax
The Base Unc Set is all standard designs except the 50 c which has a mosaic of Canadiana.. hockey skate, Canoe etc. with selective colouring. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| Predicting The Movement Of Precious Metal Based On News Events.
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 05/10/2023 2:42 pm
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There are a number of things that impact both the Stock Markets and Precious Metals markets and while these things could be tracked in the past, it is impossible to do so today.
The rise of computer triggered program trading and the vast and I mean "VAST" sums of money that can move into and out of positions in seconds based on complex decision algorithms that very few understand just highlight the impossibility of an ordinary person being ahead of a market trend. If you are ahead, it was luck pure and simple.
This is one of the reasons that Wall Street introduced circuit breaker stop trade cool off events... Just so the computer program trading didn't get on a roll and wipe out the economy based on a news trigger that was given too much weight... See https://en.wikipedia.org/wiki/2010_flash_crash for a discussion on the May 2010 flash crash.
For me... I take it easier... I collect coins because they are nice, shiny and pretty. If you are on a forum such as this, you are unlikely to be in a position to profit from market moves unless you just happen to luck out so check profit or investment at the door and enjoy the hobby... It is easier on your blood pressure. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| The First Gold Coin In My Collection. What Was Yours?
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/27/2023 11:51 am
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| My first gold coin was my first coin ever... My grandfather bought me a birth year dated sovereign just after I was born and gave it to me on my birthday, though he kept it safe it until he passed... I guess he didn't think a young'un would have the correct presence to keep the coin out of trouble... I am happy he did because here I am nearly 60 yrs later with an UNC/MS 1963 Sovereign as the anchor to my collection. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| 2023 May RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/26/2023 4:16 pm
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@New1954
I am in the Pacific time zone... I think the delivery of the advance notices is inconsistent... there have been times when I find out about a new release from this forum, up to a day before the email from my rep and then there are times such as this month when I got the email on Monday at 2:30PM PT (5:30PM ET). I was fortunately at my desk and had a spare 5 minutes to start this thread. I know that release day is usually Tuesday so I wasn't expecting this until I got to my desk yesterday to honour the 7 day advance notice but there it was 7.5 days early... I have also received updates at 9:30PM on the Monday (after midnight ET) but as I say.. it is inconsistent. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| 2023 May RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/26/2023 1:12 pm
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Quote:
The reuse of core designs is one such method.
I think this is the fundamental issue with many long term Canadian NCLT collectors. It has been said that the technical quality of the RCM NCLT is exceptional and while there are the odd errors that escape the factory, this is in general a legitimate statement. The other aspect to NCLT is the designs and this is where I have become somewhat jaded with the RCM.
I am over and done with the Maple Leaf basic and variant designs. I will continue to buy bullion SML & GMLs but only as bullion.
Polar Bears, Eagles, Caribou, Moose,bison and Hockey have all been done over and over again.
In the last decade, there have been a few outstanding designs... I would call out coins such as the Angel of Victory (10oz Silver from 2018), the 2015 Moon Mask series in silver and gold, the Provincial Flower series (1.1 - 1.2 Oz oz gold $350 series from 1998-2011) ... It disappointed me when this series wrapped, it was replaced with yet another "Iconic moose, wolf, elk" set.
I am also a fan of the specimen $1 series that started in 1997 with birds and has since evolved to Endangered Species... But it is hard to look at an annual catalogue and not get lost/bored with the number of rehashed, renewed, revisited, reimagined items. In some cases, it takes a while but the peace dollar was damaged from a compelling design to 2 years of reissues with only finishing changes...
There appear to be 2 competing visions for the RCM. A mass market manufacturer of giftware (Oh Canada etc.) and a boutique mint issuing compelling small volume designs such as those noted above. It is the overlap where the boutique tries to go mass market where I get turned off. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| 2023 May RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/25/2023 1:18 pm
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Quote:
do you happen to know the on sale date to the public?
My MC status gets me an advance notification of the releases by 7 days... I anticipate these going on general sale on May 1 +/- a day or so.
Given the coronation on May 6, I also anticipate that there will be a second release in May to issue all of the KCIII obverse product though that may roll out over the course of the year.
Quote:
I don't recall a release for which I had less interest.
I am with you but for consistency's sake, I am picking up the Specimen Set. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| 2023 May RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/24/2023 7:45 pm
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This Month's releases are:
0.65oz Silver, Dancing Diamond (#5 in Sparkle of the heart series), with Selective Gold plate with centerpiece diamond, 30 mm, Mintage: 925, FV $20, $899,95
1oz UHR Silver Maple Leaf with Selective Gold Plate, 36mm Mintage: 8,000, FV $20, $149.95
5oz UHR Silver Maple Leaf, 65.25mm, Mintage: 1,750, FV $50, $619.95
1oz UHR Gold Maple Leaf with selective Platinum plate, 30mm, Mintage: 550, FV $200, $4,299.95
Specimen Set: Base Metal set with Greater Sage Grouse $1. Mintage:30,000 $59.95
2oz Silver Renewed Toonie - Dance of the Spirits (Masters Club exclusive) (#3 in Renewed Toonie Series), Diameter: 50mm, Mintage: 2,500 FV $2 $219.95 (previously announced)
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| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| Beware Your Proof Sets
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/24/2023 11:41 am
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| This has been a problem for a number of years with these packs. If you recall when you get them in the box from the RCM, they are wrapped in tissue paper in the box... If you are squeezing these onto a shelf or in a box, either keep the tissue it is shipped with or separate them with a sheet of kitchen parchment paper. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| What Is Your Preferred Way To Stack Silver?
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/24/2023 11:34 am
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I am with @Sel. At my local bullion store (Vancouver BC Region), 1oz silver has a spread between buy & sell of 18.4% whereas 10oz Silver has a spread of 14.8%. 100oz has a spread of 9.5%. so if stacking is your goal, the 100oz is the best to minimize the appreciation required to cover the spread though I agree it is a pain to store and transport.
Gold is by far the preferred "stacking" PM from a spread perspective... 1oz Gold is 3.7% for MLs/3.2% for Bars. 10oz bars are only 2.9% but the price of entry is high.
As far as Pt is concerned, locally the spread is 7.4% for 1oz albeit at just over half the price of entry of 1oz gold.
The biggest risk for folks like me who has a foot in Numismatics and another in bullion, is the tendency to pay too much for bullion because of compelling design and then classify a coin purchased for 1.5x bullion as a stacker vs. a NCLT item. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| April 2023 New Master Club Exclusive
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 04/17/2023 6:01 pm
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A new Masters Club Exclusive has been announced:
2oz Silver with Selective Gold Plating: $2 Renewed Toonie - Dance of the Spirits: 50mm, Mintage: 2,500 Cost $219.95
Apparently the last in the Renewed Toonie series reprises the design of the 2017 circulation coin in 2oz Silver.
The 1st5 was the standard Toonie in 2021, the 2nd was the "Path of Knowledge" last yearand this is the final one.
All three have had a mintage of 2,500. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| April 2023 RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/27/2023 5:37 pm
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So there is a new series announced in the April Release... It commemorates the "W" mint mark and I assume before all is said and done, all other coins that wore a "W" will be released. I don't know if this series is limited to 2023 or whether it will fulfill over a number of years or if being to type will ultimately include yet another "last chance" penny. The obverse is the 4 pearls QEII design that has been ubiquitous this year.
The first issue in this series is the $2 coin... Struck on the standard silver 1oz planchet of 38mm, it lacks any gold plate so it does not appear bi-metallic though it does appear to have a different level of finish on the outer ring. The reverse design is that of the original $2 and lacks the laser etched security features visible on today's circulating $2.
I don't know why on the 26th anniversary of the Winnipeg Mint Circ Set (1997) or the 27th anniversary of the release of the Toonie (1996) or the 47th anniversary of the Winnipeg Mint opening (1976) that this is the time for this commemoration... I would welcome any comment that provides a rationale. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| April 2023 RCM Release
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/27/2023 5:19 pm
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Just received the April Release notice:
1oz Silver: St Edwards Crown (Selective Gold Plate + glass stones) 38mm Mintage: 6,000 FV: $20 Cost $159.95
2oz Gold: St Edwards Crown (Sapphire, Emerald, Aquamarine and ruby stones) 38mm Mintage 225 FV $250 Cost $7,699.95
1oz Platinum: Maple Leaf Forever (Selective Gold Plate) 30mm Mintage 375 FV $300 Cost $3,099.95
5oz Gold: Beloved Maple Leaves 60mm Mintage 115, FV $500 Cost $17,999.95
1oz Silver: #1 in W Tribute - $2Polar Bear Design: 38mm Mintage 7,500, FV $2, Cost $109.95
Base Metal Wraps - 50cent (4 pearls QEII Obverse) Wrap Mintage 25,000 Cost $24.95
Base Metal Wraps - Series (4 pearls QEII Obverse) 5c 10c 25c $1 $2 Mintage 7,000 Cost $129.95
5oz Silver: QEII Coronation - 65mm Mintage 1,750 FV $50, Cost $569.95
2oz Silver: 1947 ML mark Nickel (Selective Gold Plate) - 50mm Mintage: 5,500 FV 5c Cost $199.95
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| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| Help With RCM Mastersclub
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/27/2023 5:06 pm
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Quote:
That's why I was wondering if being part of MasterClub could give me a chance to buy one at the Mint price on their site.
Depends. I am at Diamond level which means I get 7 days advance notice of new releases. I also get a personal Rep and in most cases, I could get the 5kg Silver or the proof incuse coins (the 5kg Golds Mintage 10 or so all seem to sell out before announcement). The question becomes whether you will want to... As has been hinted above, RCM Proof coins should be considered collectible and not investment class instruments.
When you are paying 5-6x bullion price for Silver and up to 2x bullion price for gold, you are relying on the mint to release outstanding designs and low mintages to allow you to retain value in your purchase. Trust me.. there is nothing more demoralizing than seeing a coin you spent $500 for sell for $100 at auction 2 years later.... You gotta love the coin to take that kind of haircut in stride.
When you hit the upper tiers of the MC, you will be able to work with your rep and get the 5kg Silver and 5kg gold coins and will be able to retain your membership level quite easily if that is the level you are purchasing...
Welcome aboard |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| New RCM "Re-Creating" The 1947 Maple Leaf 5 Cent Coin
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/27/2023 11:44 am
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I am not interested in this coin but in response to this thread I went looking for it... As a Diamond member it is not visible in any status (available, awaiting stock, sold out).
I entered the part number from my email (received last Monday 3-20) and it translated to the correct name - "1947 Maple Leaf Mark" but it couldn't find a coin.
I have never seen this behaviour before... It sounds like it was prematurely released and clawed back. On the release email, there is an image of the obverse and it is KGVI and has a 2023 date... maybe this release was premature.
One thing that may be interesting is if we are moving to celebrate the 75th anniversary of things, maybe this year will see the renewed $ be a 1948 Voyageur... Probably the key date of the 36mm SD series... if not the key date definitely top three. |
| | Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT) |
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| Coin Engraver Charged With Altering Coins In Canada
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/24/2023 1:47 pm
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Quote:
The Alloy recovery Program is why it is almost a lost cause to coin roll hunt in Canada for the older coins.
Agree on this. I have lived in Canada for over 40 yrs (moved here in 1981) and since then have rarely come across any silver coins (pre 1968) in change. It was even tough to get copper pennies in the last few years before the withdrawal of the penny with most being copper plated.
There are very few truly worn Canadian coins in circulation as they tend to get rolled into the ARP as they degrade. This is a stark contrast with US coinage where you can actually still get silver in change and even when looking at clad coinage, there are plenty that are heavily worn. While there is little value beyond face, even in high grade circulating coins from the last 40 years, there are a few years where there were very few coins issued...
Given the impact of the ARP it may be interesting to see what is the remaining the circulating population of Canadian coins and whether there are any that are just plain difficult to find in higher grades regardless of initial mintage and therefore command a premium in high grade due to scarcity. |
| | Forum: Canadian Coins and Colonial Tokens |
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| Gold Silver Ratio And Buying
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/22/2023 9:03 pm
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Humanity is by nature, always seeking a pattern or linkage between disparate items. When the items are apparently similar then the desire is even greater. Both Gold and Silver are classed as precious metals but that is where any similarities end. There are different levels of supply available in the market and in the ground, their industrial uses are different, the demand for each is different.
For a humorous look at humanity's desire to pattern match check out https://www.tylervigen.com/spurious-correlations. There you will see the uncanny correlation between the number of people who died by becoming tangled in their bed sheets and the per-capita consumption of cheese (a 94.7% correlation between the years 2000 and 2009) and the tragic impact on marriages in Maine as they relate to the consumption of margarine.
The point is that just because you can define a correlation between two measurable items, that doesn't imply that there is causation. The question on gold silver ratio implies that there is an ideal value... given their different uses, demand and availability, any correlation between the two commodities is purely circumstantial.
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| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| Coin Engraver Charged With Altering Coins In Canada
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vonigohcr
Pillar of the Community
Canada
658 Posts |
Posted 03/22/2023 3:01 pm
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Quote:
(a) defaces a current coin, or
(b) utters a current coin that has been defaced,
So that includes all Canadian coins past and present as no Canadian coins have been demonitized. Unlike the UK who appear to have demonitization parties fairly regularly (point of frustration for folks who travel there infrequently and don't cash out immediately after the trip). So under a strict interpretation of the law noted above (b) Selling a JOP Silver Dollar would qualify as equally illegal as the modifications discussed above.
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| | Forum: Canadian Coins and Colonial Tokens |
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Who knows...I still don't know why there is a "W" Mint mark commemorative series this year.
