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 Replies: 113 / Views: 15,684 |
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Pillar of the Community
Canada
1751 Posts |
I have noticed dealer coins are mostly near issue, sometimes with a &10 discount from issue. I've never found coins at dealers like the discounts on ebay. It seems like all the discounts are on ebay. Yes colonial does discount coins with imperfections with packaging. Which leads me to comment by a US collect who grades all coins. He feels that Canadians are hung up with collecting packaging along with coins. Where the US collector doesn't place as much emphasis on packaging. He says the US collector is more concerned with coin quality. Any comments to the different styles. I like to get the complete packaging, otherwise it feels like something is missing. I also like it to be pristine. Its probably an ocd collector thing. Yet I seldom look at the box, and some are the black beauty box ! Edited by pocket change 50
10/16/2015 9:52 pm
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Pillar of the Community
United States
3789 Posts |
@moneypenney
so are you calling Silvertowne a flipper then?
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Pillar of the Community
Canada
5324 Posts |
A dealer like silvertowne has like a 30.00 markup and the US dollar advantage to boot, after a commissioned coin bombs they just discount and destroy the marketplace. It's a flawed marketing system of the RCM. Silvertowne is a flipper but a large one aided by the goofy RCM marketing. |
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Pillar of the Community
United States
2408 Posts |
Quote: From MoneyPenny: Dealers on ebay are a different matter. Some of them are just flippers so they reduce price to get rid of coins.
Another category: older collectors reducing price to get rid of their coins...  |
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Pillar of the Community
Canada
5324 Posts |
Would anyone buy any NCLT if almost all of them are half value overnight if you had to sell, that's basically what the RCM has done by their over production. |
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Pillar of the Community
Canada
6767 Posts |
Quote:Would anyone buy any NCLT if almost all of them are half value overnight if you had to sell, that's basically what the RCM has done by their over production. this is right. People, still buy from the Mint, but just really something unique and limited mintage items, which could be sold out fast (example: Loony and 50c big coins) Two years ago we had here discussion, what will be impact of annually production of 300 NCLT different coins, and here it is... Not only RCM, the coins-like items come from everywhere with increased rate. New Mints, new series. |
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Pillar of the Community
Canada
5324 Posts |
I was a stamp collector by heart, nothing beats a perfect block of 50 cents bluenose as example then Canada Post in the 1990's produced so many issues they destroyed the hobby, just exactly the same route the RCM is going. You can't treat new collectors by seeing 6 months old coins being constantly offered for 30 to 50% discounts.so far other than the big coin series I have bought nothing from the RCM, even having second thoughts about this series if the rumours are true of a stupid coloured version next month |
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Pillar of the Community
Canada
6767 Posts |
Quote:
if the rumours are true of a stupid coloured version next month really stupid idea. The originals have been commissioned, but the items with "old/fresh" design were great. Now to re-use it again? Seems, there is a third-party branch of "German Mint" inside RCM, which doing all the colorization decoration. |
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Pillar of the Community
Canada
5324 Posts |
Maybe the RCM hired a 3rd grade class from Ottawa. |
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Pillar of the Community
Canada
2984 Posts |
Quote:Not only RCM, the coins-like items come from everywhere with increased rate. New Mints, new series. All of the other Mints are over producing coins. Like the Norse Gods coins that seem to proliferate like rabbits. Did not buy a single one despite the hype on the other forum. People on the other forum don't seem to catch on that all NCLT coins will be going for a discount in the future, not only RCM ones. |
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Pillar of the Community
Canada
6767 Posts |
Quote:Did not buy a single one despite the hype on the other forum. People on the other forum don't seem to catch on that all NCLT coins will be going for a discount in the future, not only RCM ones. But looks like, the members from other forum, who planned to buy, planning to resell the coins quickly. So, for that purpose the coins are good. But not for the collection in the long term. |
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Pillar of the Community
Canada
5324 Posts |
Eventually that market will dry up too, not enough suckers.
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Pillar of the Community
United States
3789 Posts |
I agree with the above, ALLLLLLL NCLT coins from all mints will drop in price.
Granted each mint might have a winner here or there that is in big demand but thats a rare thing.
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Pillar of the Community
United States
3789 Posts |
so in this thread we were talking about the 2015 Scrooge McDuck silver coin. dealers had it at 84, then 77, then it dropped from the 70s to the highs 60s, then low 60s around 64. Now a dealer on ebay has cut the price again, to 60. (prices are in USD) See a common thread here? Lower prices and continuing lowering of prices results in much lower prices, the power of the trend. Clearly demand is dropping hard and the impulse buyers for these coins are long gone. I believe this coin has a mintage has a mintage of 10K?... so I mean there is going to be ample supply. It will be interesting to see if this coin breaks 60.... |
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Pillar of the Community
Canada
6767 Posts |
Quote:
It will be interesting to see if this coin breaks 60.... If initially was no real interest to the coin, the price with the time declines, nothing could give impulse to the sales... as for example not few really good RCM coins with nice design like 2005-2006 National Parks, go for CAD 40-50. So yes, not different from this coin. |
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Replies: 113 / Views: 15,684 |
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Posted 10/17/2015 6:56 pm
