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Replies: 21 / Views: 3,792 |
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Pillar of the Community
Canada
2366 Posts |
Personally I tend to think of the coin market as having 3 main sectors. The common stuff resembles the commodity market (more highly correlated to bullion value where applicable; otherwise a low numismatic premium). The mid-range stuff resembles the stock market; although without the general long term upwards trend that the stock market has. And the high end stuff resembles the fine art market (value really depends on who shows up to the auction but most likely to show increased value over time due to competition among increasingly wealthy buyers).
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Pillar of the Community
Canada
2366 Posts |
NCLT silver and the cheapest gold and platinum coins (25c, 50c, $1 coins) tend to retain some numismatic premium over time. Even SMLs tend to sell a few dollars higher than their straight bullion value. However higher value gold coins tip more towards a bullion correlation simply because so few collectors can afford them and they're not really any more interesting than the more affordable coins IMHO.
Edited by kuh_85 01/30/2018 10:48 am
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Pillar of the Community
 Canada
5593 Posts |
Bullion coins more or less follow inflation over the long period, with monthly yearly fluctuations, depending on what's going on in the world. RCM stuff, unless it is really unique or special (less than 10% of the stuff they poop out) can usually be bought on the secondary market 3-4 years down the road at 30-50% discount of the issue price. Higher grade older stuff will keep up with inflation. Out hobby is not the place to expect any kind of long-range investment .. that's what the stock market is for. Enjoy it for the fun and rely on scarcity with supply and demand to guide you.
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Bedrock of the Community
13014 Posts |
Quote: The RCM severely trashed the NCLT market starting in 2012 with orders of magnitude increases in # of releases. Not to mention the premiums they charge for them right off the bat are so high the RCM has ripped every last possible piece of meat off the bone for them. A lot of the drops really seem to be them leveling out more towards what a more reasonable issue price would have been.
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New Member
 Canada
39 Posts |
Thanks guys. Is there any way to find out the original issue pricing for RCM NCLT?
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Pillar of the Community
 Canada
5593 Posts |
It should be in the Charlton's Vol II I would think.
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New Member
 Canada
39 Posts |
I am having trouble distinguishing the various editions of Charlton's. I have the 2018 Coine Guide. It's pretty basic. What differentiates Vol One, Vol Two etc and why might I need them?
Edited by enigmapaul 01/31/2018 10:10 am
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Pillar of the Community
Canada
2366 Posts |
Vol 1 is primarily circulation issues although it also includes specimen and proof versions of circulation coins prior to them being issued in silver. Vol 1 includes information on major varieties and each year a special section at the end focuses on a specific type of coin; silver dollar varieties, nickel dollar varieties, counterfeits etc. Vol 2 is NCLT (and growing in size rapidly!). Each one includes price lists and mintages. Vol 2 includes issue prices for NCLT. However, if you're looking for specific coins released in the last few years just go to mint.ca and search the archived listings.
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New Member
 Canada
39 Posts |
Quote:Vol 1 is primarily circulation issues although it also includes specimen and proof versions of circulation coins prior to them being issued in silver. Vol 1 includes information on major varieties and each year a special section at the end focuses on a specific type of coin; silver dollar varieties, nickel dollar varieties, counterfeits etc. Vol 2 is NCLT (and growing in size rapidly!). Each one includes price lists and mintages. Vol 2 includes issue prices for NCLT. However, if you're looking for specific coins released in the last few years just go to mint.ca and search the archived listings. Thanks kuh_85, awesome!
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New Member
 Canada
39 Posts |
The consensus seems to be that buying NCLT issues from the Mint is generally never financially profitable for the buyer.
What I'm wondering is whether that has always been the case? Were there periods in history when you could buy NCLT from the Mint, hold on to it and sell at a profit from the issue price? Or, put another way, are there any past NCLT issues that could be sold now for more than the original issue price?
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Pillar of the Community
Canada
2366 Posts |
Prior to the financial crisis and 2012 start of the flood there were list prices that got higher than issue prices on a significant minority of NCLT. And you could expect them to sell for 90% of list at least. As a buyer I remember thinking 80% of list was a great deal at the time. Vol 2 2018 has taken the first step towards recognizing that is no longer the reality and almost all list prices for older NCLT have been reduced. Although not yet by as much or as quickly as their actual, realized prices have been dropping. There is still the odd exception that proves the rule though. A few of the silver dollars, the $20 ladybug etc, some of the early 25c bird series. Although you probably only have to take off one sock to count them out of the hundreds of issues. However the key point is that very few (if any) of these were identifiable in advance. 5+ years ago the NCLT section of this forum was full of posts from 'flippers' bragging about buying coins and selling them for a markup, debating the next 'hot' coin etc. Although, even then, nobody seemed to want to brag about how much they lost with a wrong guess. Now it's just full of posts from the RCM announcing the new monthly/weekly/daily? issue. Today you've probably got better odds of winning the lottery then making money on NCLT unless you're a big dealer with the applicable RCM discounts and can leverage that on volume. And the lottery doesn't take as much upfront investment! :-)
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New Member
 Canada
39 Posts |
Quote:However, if you're looking for specific coins released in the last few years just go to mint.ca and search the archived listings. How does one go about accessing the archive on mint.ca? Didn't seem obvious to me after some hunting around.
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Pillar of the Community
 Canada
1781 Posts |
Check in the header "the vault".
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon... In memory of Tootallious March 31, 1964 - April 15, 2020 In memory of crazyb0 July 27 2020. RIP. In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
3690 Posts |
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Pillar of the Community
Canada
2366 Posts |
Just type your search term(s) in the search bar on the main page. IE 'dragon'. When the results come back there will be 3 tabs at the top of them for Current Collection, Archives and News & Information. The earliest result for my sample dragon search is 2009 so seems to go back about a decade.
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