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 Replies: 112 / Views: 16,076 |
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Pillar of the Community
Canada
691 Posts |
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Pillar of the Community
Canada
6763 Posts |
The posting in the Numismatic Thread on "other forum" stopped Jan 2024, no new posts / comments since then.
It says a lot about drop in popularity (though from investment perspective).
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Pillar of the Community
Canada
2982 Posts |
Quote:Wow a 1kilo RCM coin going for near spot. Look at how the prices fall. I want it badly but can't afford it. At CDN $1361, it is close to issue price of $1599.95. Which is about right. A quick look at sold 1 Kilo RCM coins show they sell for around issue price or higher. None of them are going for spot prices. A 2015 Kilo Coin sold on Aug. 24 for $2450. So this Kilo Coin has not fallen to spot value but rather selling for around issue price like all the other Kilo coins.
Edited by MoneyPenney
09/12/2024 04:19 am
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CCF Master Historian of USA Commemoratives
 United States
11358 Posts |
At $1,361 CAD, the price is less than 10% above its melt value ($1,256 CAD) vs. ~15% less than issue price ($1,600 CAD). Based on this, I would say that its price is closer to melt vs. issue.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
2982 Posts |
Quote:
Based on this, I would say that its price is closer to melt vs. issue. Issue price vs melt price? The issue price relative to the spot value in 2009 is different than now. You are comparing apples to oranges. The spot price of silver is around US$15 back in 2009. So the bullion value of this Kilo coin is around $529.00 in 2009, with issue price of $1599.95. The spot value of silver now is around US$30. The bullion value of the coin is around $1058, close to the asking price So, It is not the case the coin has drop to bullion value. It is the reverse, the value of the coin in spot value has gone up closer to the issue price.
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CCF Master Historian of USA Commemoratives
United States
11358 Posts |
I stand by my previous post. You were the one who initially brought up current spot price vs. issue price., I was responding to that.
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 |
We visited some relatives in Montréal during the holidays and we could NOT use cash to buy metro tickets. This was at the Honoré-Beaugrand station. So, what's the point of having a person at the gate if they don't take cash? Fortunately, I still have a bank account in Canada and a debit card, so I was able to pay for the tickets. I didn't try with my US credit card, maybe it would have worked.
So here we go, no more cash accepted for transit system in Montréal I guess.
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Moderator
United States
164408 Posts |
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So, what's the point of having a person at the gate if they don't take cash? To not get robbed?  While cashless is on the rise, I did find a restaurant over the holidays that is cash only. Finally got to use that $50 note I have been holding to for... a long time. 
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Pillar of the Community
Canada
5185 Posts |
Never have a problem using cash where I live .
In fact it is my preferred method of payment for
day to day incidental purchases.
Hate Credit Cards and only use my debit card for
Bigger purchases .
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Moderator
United States
164408 Posts |
I love using my credit card, which most of the time is accessed with a tap of the phone. I never use my debit card, no real protection from fraud. I only have it because it is also my ATM card, which I have not used since... how long did I have that $50?  To each their own. I believe we all deserve the choice, not a mandate, that includes businesses in a free market. As I have said many times, 100% cashless will happen once we old heads shuffle off because the youngest of us choose to be cashless. |
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Pillar of the Community
 United States
4703 Posts |
Quote:
So, what's the point of having a person at the gate if they don't take cash? Optimistically, to stop fare jumpers? Pessimistically, to collect a paycheck and pension. =P Jbuck, many smaller restaurants around here are cash only. I think there is a backlash against all the insidious fees they are forced to pay on every digital transaction.
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Moderator
United States
164408 Posts |
Quote:
Optimistically, to stop fare jumpers? Pessimistically, to collect a paycheck and pension. =P  Quote:
Jbuck, many smaller restaurants around here are cash only. I think there is a backlash against all the insidious fees they are forced to pay on every digital transaction. Most of the "mom & pop" places here take both, but will at least discount cash sales by generously rounding down (which tells me they raised prices to cover the fees). A deli I visited weekly before I started working from home—when my cash use was more frequent—would round down to the nearest dollar. I miss that place.
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Pillar of the Community
Canada
1589 Posts |
As to the topic: "NCLT - Collectibles Surviving Beyond The Upcoming Cashless Society?" I believe the RCM will continue to pump out NCLT as long as people are willing to pay the premium on theses coins over the metal cost. I wonder if my collection of NCLT will be worth only melt value in the distant future. (20-30 yrs). Something for my great grandchildren to worry about.  Edited by Sharks
01/09/2025 2:19 pm
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Moderator
United States
164408 Posts |
Quote:I believe the RCM will continue to pump out NCLT as long as people are willing to pay the premium on theses coins over the metal cost. If they are good at business, they will as long as the market supports it. Quote:
Something for my great grandchildren to worry about. This is fine by me as long as we enjoy what we are collecting while we are above ground. 
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CCF Master Historian of USA Commemoratives
United States
11358 Posts |
Quote:
This is fine by me as long as we enjoy what we are collecting while we are above ground. Hear, hear! 
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Replies: 112 / Views: 16,076 |
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Posted 09/10/2024 02:47 am
