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 Replies: 24 / Views: 4,315 |
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Pillar of the Community
Canada
815 Posts |
I just sold off all of my mint products except one. My Edward VIII Medallion.
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Valued Member
Canada
103 Posts |
I would agree that the RCM is releasing too many coins too often. I would disagree with the term 'cheesy' to describe colourized, royal, superman coins and so forth. Beauty is in the eye of the beholder. I am pleased to see such a variety of themes using different mediums. I would certainly not buy them all, and there are many that I am not at all interested in. But again, the frequency and number is too overwhelming, and will eventually, if it has not already, reduce the value of their coins as collectibles. I would like to see them return to their release practices of a few years back, with new coins coming out on a quarterly basis. |
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Valued Member
Canada
246 Posts |
The key is to base your decision on what you really like to have in your collection... Even if the RCM release 100 coins per month, if you're not able to choose the one you really want, stop this hobby right now, because you'll be bankrupt sooner... Yes, the RCM release too much coins, but the consumer have the final words... I had the same kind of tought in the beginning of the year for the monthly release, and I now focus on the coins I really want to have and willing to pay for. With this way of thinking, I just kept the same budget... You have to be more disciplined and respect your budget, if the RCM drive the way you buy coins, you have a serious problem... Just like a woman who own a wardrobe of shoes! |
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Valued Member
Canada
330 Posts |
Sadly it seems that the RCM is very focused on profits and revenue and less on quality and design integrity recently. I absolutely understand the economics of it being a crown corporation but feel they've taken a step beyond that. There is capitalist fever at the mint and unfortunately for the serious collector, it's taking the shine off of their products and offerings. Even though they are reporting record revenues, I think the value of their products because of their practices is overall suffering. For a pop culture reference, I think we're witnessing the RCM "Jump the Shark" right now. |
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Valued Member
Canada
292 Posts |
Quote:For a pop culture reference, I think we're witnessing the RCM "Jump the Shark" right now. Don't give the RCM any ideas. Next thing you know we'll have a series of commemorative coins with the Fonz front and centre |
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Moderator
 Canada
10458 Posts |
202 numismatic issues this fiscal year.
(By the way, there are only 251 working days in a year)... for context...
"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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New Member
Canada
13 Posts |
 Now THAT'S putting things in perspective. I've only bothered with dealing with RCM on a couple of series (my emphasis being on circulation coinage and bullion coins), but the latest onslaught of product seems excessive. They won't be getting any of my money unless it's something particularly noteworthy. |
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Valued Member
Canada
329 Posts |
even my father who is a NCLT collector (68yrs old) who has never touched a computer in his life and relies on phone in orders with the mail catalogue has been griping about the crazy amount of releases. I look at him and see it's a serious problem because he doesn't have the influence of forums to give him ideas and perspectives.
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Valued Member
Canada
480 Posts |
I doubt they will stop anytime soon. That recent report on their profit's last quarter was surprising. Those 20 20's were a gold mine for them. on top of the sold out 100 for 100's. Someone got a rise for that one.
I think it's best to just pick the coins and series that interest you most and not get caught up in the hype. Because at the end of the day if the market drops you can ether be stuck with a coin you like and enjoy or a coin you don't.
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Pillar of the Community
United States
3789 Posts |
Yes they are.. wayyy to far. I think they are diluting their brand for starters. How exclusive is the RCM if they crank out so much stuff. Its pretty clear only a handful of coins hit the sell out stage each month, THOSE are the coins you want to get for investment. Outside of that, the RCM should be thankful for their loyal collectors who purchase from them because they love collecting. SO.... while Its nice they offer limited mintage on coins, I think that doesn't do the trick. Because even if its limited and demand isn't there, it wont help the price. Conversely, if the coin is disliked and no one wants it, well maybe that's the one you should buy because in the end, they find out very little were sold. |
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Pillar of the Community
United States
4870 Posts |
I agree with the original poster. The RCM does produce magnificent coins but too many cheesy collector coins. One thing I like about the RCM is that when there are commemorative quarters for example, they still produce the regular caribou quarter. This is something I wish the US Mint would do for those that choose not to collect commemorative quarters. |
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Bedrock of the Community
Australia
21788 Posts |
What is going to be the next big commemorative event? The centenary of the inaugural meeting of the Society For the Preservation of Wooden Toilet Seats?  |
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Pillar of the Community
Canada
2426 Posts |
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Valued Member
United States
149 Posts |
I don't understand the complaints. They put out a lot of different coins, and you are free to select the ones you want. When I buy something I never get upset that there are too many choices.
And besides that, if you you are the guys buying all the cheesy stuff they are putting out then you are the enablers.
Edited by sodude
09/13/2013 11:07 am
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New Member
United States
1 Posts |
This past year I bought 2 five ounce gold coins witha face value of $500.00, one commemorating "O'Canada" and the other one commemorating the naval battle between the HMS Shannon and the USS Chesepeake. The mintage for each coin was 200 worldwide. Any coin not sold by 365 days after issued will be melted. These are on the road to being as rare as the 1933 double eagle with its contrived rarity engineered by FDR.
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Replies: 24 / Views: 4,315 |
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Posted 09/06/2013 03:14 am
