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 Replies: 16 / Views: 2,734 |
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Pillar of the Community
Canada
3690 Posts |
very interesting commems.  thanks |
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Pillar of the Community
1007 Posts |
Very interesting, the numbers don't lie. I do beleive mint sets and coins were alot cheaper back then. Is there any numbers about how much profit the mint made on numismatics in those years. Not that profits mean more collecting. I just seem to meet alot more new collectors then old ones, but it probably says something about the coins I sell. I'd love to see 2012 numbers and 2013.
Great write up.
Why not count 20for20?
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Pillar of the Community
United States
2543 Posts |
I think that the mintage limits are the entirety of it. With mintages of 5000 to 10,000 on some issues, they are coming down on the wrong side of creating collector demand with limited mintages and frustrating newer collectors , who feel " why bother, with such a limited series mintage, I'll never get them all anyway."
I think the wildlife series was one of their most popular series, and those coins had a mintage of 1 mil each. It was one of their few " every man " series.
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Pillar of the Community
1007 Posts |
Please don't compare bullion to NCLT. Low mintages are one of the reasons I started collecting NCLT. The chance that they might be worth the same or more when I die is a good incentive for me to collect. Most older NCLT can be bought around spot price. Even though I do have many old NCLT, I love my old proof sets, they're actually starting to get some great toning on them.
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Rest in Peace
Canada
1360 Posts |
Don't forget - in 1971, those of us who were collecting are now 42 years older. It's no wonder there are more 'new collectors'
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Pillar of the Community
United States
2543 Posts |
Quote:
Please don't compare bullion to NCLT. Low mintages are one of the reasons I started collecting NCLT. And that is fine, you are a collector. But that wasn't my point. He was comparing 1971 unit sales with 2011 unit sales. 5 offerings in 1971 compared to 113 offerings in 2011 yet a 200,000 unit decrease in sales. My point was that if you have a million collectors in 1971 buying 1,119,816 units, even if you have 150 million collectors in 2011 , if due to mintage limits you only have 1,095,143 units minted, that is what you are going to sell. I am saying that, is this a reflection of fewer new collectors or fewer units available. I wonder how unit sales would change if some of these coins were offered on a time limit instead of a hard mintage limit. Edited by denco7
04/02/2013 12:13 am
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Pillar of the Community
1007 Posts |
But you used the wildlife coins in your example, of course the mint can sell as many bullion coins as they want. To compare a $30 bullion coin to a $100 NCLT isn't quite fair. But I get your point
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Moderator
 Canada
10458 Posts |
Quote:
Please don't compare bullion to NCLT. Please do tell, what bullion did the mint offer in 1971? The only coin with silver in it was the Specimen dollar (.500 silver content actually) which was sold as a clamshell cased dollar or in the Prestige Double Dollar specimen sets. The closest thing to bullion offered by the mint was not until 1973, with the .925 Olympic $5 and $10 coins... Go back and reread commems original post... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1502 Posts |
The wildlife series SMLs are borderline bullion.
Anytime there's a limited mintage on a bullion issue and especially when prices are ~60+/oz regardless where spot is, it's not really bullion anymore.
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Pillar of the Community
Canada
1581 Posts |
Quote:Where am I heading with all of this? I just find it interesting that though the RCM spends so much time and expense to come up with new product concepts and new minting technologies, all of the effort hasn't really expanded the number of units purchased. Of course, the average price has gone WAY up. Ultra inflation on NCLT issue prices. An early 1970s NCLT dollar would be $3 The latest NCLT dollar is $69.95 |
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Pillar of the Community
Canada
2366 Posts |
Maybe, back in 1971, people didn't think of themselves as 'collectors' just because they had a proof set kicking around the house? Maybe the same (roughly) number of people are buying the same (roughly) number of items but a higher percentage of those people consider themselves collectors these days? It's certainly much easier now to get on-line and hook up with a bunch of like-minded individuals than it was back in the 70's....
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Valued Member
Canada
207 Posts |
I think the boom here is 2012 though. So redoing the analysis on 2012 numbers would probably show something completely different. And also I'm guessing that in 1970s the premium on NCLT weren't not as high, so it's easier for anyone to get into collecting - hence higher volumes.
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Pillar of the Community
United States
2543 Posts |
Quote:
Please do tell, what bullion did the mint offer in 1971?
The closest thing to bullion offered by the mint was not until 1973, with the .925 Olympic $5 and $10 coins...
Go back and reread commems original post... Rockdaddy was talking about my mention of the Wildlife series, not 1971 bullion coins, as an example of what happens when you increase the mintage of beautiful, well designed coins. I think, like the U.S. State Quarter program, they brought in a lot of new collectors. I get his point about $100 NCLT's vs bullion , if you consider the Wildlife series bullion. My take on the point of the OP was " where are all the new collectors ? " My answer was " competing with all the old collectors for the same 1,100,000 NCLTs. Edited by denco7
04/02/2013 4:48 pm
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Valued Member
United States
149 Posts |
The demographics might have shifted. Dragonflies and glass insects are not exactly masculine coins.
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Pillar of the Community
1007 Posts |
The wildlife is definetly more bullion than numis, you can buy a bison for about $1 more then a maple. To me that's bullion, not to say you can't collect it and of course it has potential upside in the aftermarket due to the theme and mintage. But it's price so close to bullion, almost identical.
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Replies: 16 / Views: 2,734 |
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Posted 04/01/2013 10:46 pm
