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 Replies: 18 / Views: 6,188 |
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Valued Member
Canada
92 Posts |
There's a video on the RCM product page of the actual coin. The darker version is more accurate colour-wise than the first. That's quite unfortunate, as I liked the lighter blue version as well. On the other hand, I like the blue rim of the obverse side and how it frames the queen's head. But nobody buys a coin for the obverse. |
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Rest in Peace
Canada
1360 Posts |
Well, the coin arrived, and I think I'll be returning it. For $200 if either of the above renditions was close to reality I would keep it. The coin however does not photograph well at all. The black of the 'plating' is everywhere except the shark, and all the smaller fish are lost in under-illumination. If you adjust accordingly, the shark is a whitewash. The writing on the reverse is also in 'black' making it hard to see. Maybe at 56 years old I'm being too skeptical, but I was expecting better. a couple pics will follow. The video that quasarito linked to, is a better rendition then I could provide.
Edited by Dcadon
10/12/2018 12:51 pm
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CCF Master Historian of USA Commemoratives
 United States
12284 Posts |
@Dcadon: Sorry to hear the coin didn't meet your expectations. I agree, it's hard to keep something that cost $200 if you're not happy with.
Return it and keep the money in reserve for something better! (Coin or otherwise!)
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
2408 Posts |
The first rendition reminds me of the $20 2007 Blue Plasma coin. At $249.95 this was an expensive coin with 0.826 tr oz of silver. Only 3,005 were produced. The same non-plasma version was $64.95 so $185.00 was a lot to pay for the so-called "plasma" effect. Not surprisingly it didn't do well on the secondary market. I just saw an ebay BIN for $114 CAN.  |
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CCF Master Historian of USA Commemoratives
United States
12284 Posts |
I've always liked the design on that 2007 coin. I know the design might be a bit crowded, but I like it. I own the standard silver version, but have always wondered what the RCM used to create the blue "plasma" effect. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
2408 Posts |
Commems, I too was always curious and I think they used some physical vapor deposition technique to lay a thin film on the surface of the coin, much like the CPUs are made. PVD is produced in vacuum and uses high energy gas ions excited in a plasma - thus the " plasma" name. "The reverse is finished in stunning metallic blue hues, achieved through a unique, leading edge plasma effect. The RCM is the first Mint in the world to produce this jewel-like finish on a coin, by virtue of a proprietary coating which can produce different colors by varying its thickness." |
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Rest in Peace
Canada
1360 Posts |
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Pillar of the Community
United States
2408 Posts |
I can understand your disappointment Dcadon. Definitely too dark for my taste. The black waters worked well on the 2012 50 Cents RMS Titanic coin but not so here IMO.  Edited by canadian_coins
10/13/2018 8:43 pm
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Pillar of the Community
Canada
6768 Posts |
Don't want to be negative...just RCM created not the coin, that was promised. The Titanic coin...I remember how valued the "Titanic' stuff was in the 2012. This coin, the 1/2oz silver coin and the Titanic Privy SML. Yeah, it was. |
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Pillar of the Community
710 Posts |
Yesterday I had a chance to see this coin in hand, up close and personal. The pictures posted above by the CCF members accurately capture the "black" colour of this coin much better than the original "blue" picture at the top of this thread. The picture on the RCM website also appears accurate at the time of this post Nov 10th (however see customer comments on RCM website in the coin's "Reviews" section). Note the original "blue" picture is still floating around the web on some websites. Bottom line - if you are considering this coin it is best to see it in hand before making a purchase decision. Cheers! |
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Pillar of the Community
United States
2408 Posts |
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Pillar of the Community
Canada
2984 Posts |
Quote:
Not even a single bid @ $60 starting price. Remember, the issue price was $249.95... Too early to say since auction is not until Nov.28. But will probably not do well as most coins in auctions go for 30-50% of issue. |
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Pillar of the Community
 Canada
665 Posts |
I watched an auction yesterday (Nov18) where there were a significant number of recent RCM NCLT issues. I was surprised at the number of issues that went without bid. Start price on the Silver was typically less than half of original issue, an example was the 2013 Lunar Series - Snake with Scalloped edge... This was issued for $99, offered for a start price of $45 and there were no-bidders, same for the 2018 Dog with a start price of $40... that was just issued at $101. If these were a singular events then one could assume an undesired coin or series but it was a common event. Many of the NCLT that did sell went for start price... aka no competition for the item. And before you think it was a under-subscribed auction, there was plenty of engagement on many of the historical NCLT, a 1960 PL set in a Type 3 card sold for $88 (incl premium), a 1957 PL set sold for $188. All pretty close to the Charlton predicted values... Circulation and paper seemed to sell well but I don't know where the prices were relative to market, only that they appeared to move.. the Silver NCLT not so much... A 1996 Avro Arrow sold for $59 after premium... The original issue price for this was $58 twenty two years ago and at one point, it commanded prices of $150. Other coins in the aviation series sold for a small premium on bullion. It is fairly clear that the flood of product that the RCM has released both in mintages and sheer number of products, in combination with online auctions granting broad availability has killed the NCLT market; at least in Silver. The only NCLT that I see retaining or growing in value that is older than 5 years is 1oz or more gold with mintages less than 1,000. Even the $100 gold series are mostly trending after 10 years to bullion value. I still stand by the guidance that as a hobbyist, you should pick your purchases based on what you like, not a perceived investment for the future but it seems that today, more than any other time in the past, the "smart" way to buy is 5yrs+ after issue and from an online auction. However, what happens if everyone thinks that way... If there are no primary sales, the RCM will back away from the NCLT market. I also fear for the future of the LCS, at least as far as NCLT is concerned. There is still a business in circulating coins, international issues and the difficult to obtain but as other topics have discussed, as we move inexorably towards a cashless society, will we see the end of the RCM in our lifetimes? I seriously doubt that my ancestor will be picking up a 50-cent 1908-2108 Two Hundred Year anniversary coin the way I picked up the 100 year anniversary coin this weekend.  Edited by vonigohcr
11/19/2018 1:56 pm
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Pillar of the Community
Canada
634 Posts |
Better to burn out than fade away... RCM and NCLTs will not disappear in our lifetime - growing population will keep it all alive and well...but short term wise there will be a slow down indeed... |
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CCF Master Historian of USA Commemoratives
United States
12284 Posts |
Quote:
I still stand by the guidance that as a hobbyist, you should pick your purchases based on what you like, not a perceived investment for the future... Absolutely agree! A number of us here have been touting this approach for a few years - I only hope we've had a positive impact on new collectors who have visited CCF. Quote:
...the "smart" way to buy is 5yrs+ after issue and from an online auction. While I can agree with this from a purely financial perspective, I believe it takes some of the excitement away from the collecting of a current series of coins. I enjoy adding a few new releases to my collection each year. Each year's new RCM releases are not a major cash outlay for me, however, as I generally purchase only the new silver dollars and maybe two or three other coins that grab my attention. Even if each of my purchases ultimately loses 40-50% in value, the net annual total is not very much in actual dollars and I'm OK with the trade off of a few lost dollars in exchange for enjoying the commemorative coins I buy at the time they are released. I immediately get to share the coins with fellow collectors through exhibits, articles, show-and-tell at my local club, etc. and enjoy teaching others about the events they commemorate at the same time the anniversary is being celebrated. But that's the way I collect, everyone needs to find the way that makes them happy! @vonigohcr: Thanks for your informative and well-reasoned post. I enjoyed reading it. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Replies: 18 / Views: 6,188 |
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Posted 10/12/2018 12:47 pm
