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 Replies: 17 / Views: 4,031 |
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Pillar of the Community
 Canada
798 Posts |
MoneyPenney, you are 100% right. Unless the price of silver rockets up, or the RCM cuts its NCLT business, nothing will change. |
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Pillar of the Community
Canada
6768 Posts |
From what I see on ebay, and according to my few sales (when I want to sell some coin): when RCM NCLT (not only RCM's, just I have no other data) sold for 60% from issue - this is "success" , 50% from issue - it's OK. 80% - 90% from issue : "how did I do it?" - very rare case. Usually coin can be stay in the listings for months (or years?). |
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Pillar of the Community
 United States
900 Posts |
This is quite interesting to me. Just a couple of days ago, I was trying to figure out why $20 silver Canadian coins were going for less than $20 on ebay, because I am trying to sell a few. I guess it is unreasonable to list them at $20 each. |
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Pillar of the Community
United States
900 Posts |
I will also add that when I search for my listings, I am lucky to find one on the first one or two pages of results. I'd be interested to know what affects the search results. I'm sure you can pay to move towards the top of the list.
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Pillar of the Community
United States
2408 Posts |
According to the 2018 Silver Institute's report, world coin and bar demand has been dropping heavily since 2016. 2018 is probably even worse.  With increasing markups, NCLTs are most vulnerable I think. |
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Moderator
 Canada
10458 Posts |
Ahhhh.... memories of 2011, when I unloaded my entire bullion silver hoard...  "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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Bedrock of the Community
United States
12477 Posts |
Interesting graph, @canadian_coins. It essentially shows what I already believed. @SPP, it seems you sold at just the right time, so far. What will the future hold?  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
Canada
999 Posts |
If I'm searching for NCLT on ebay I usually sort it based on lowest price + shipping. This tends to give the advantage to Canadian-based sellers as a lot of the U.S. sellers use the global shipping program which jacks up the cost. I don't even look at the sellers that have all in cost of issue price or more. |
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Pillar of the Community
Canada
1571 Posts |
A $20 coin shouldn't sell for less than $20 since it can be taken to a bank for face value.
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Forum Dad
United States
24161 Posts |
Quote:
A $20 coin shouldn't sell for less than $20 since it can be taken to a bank for face value. You just reminded me of our old friend BiggFredd (RIP). There was a topic years ago about ebay powersellers. I believe someone mentioned that they only buy from powersellers because they were obviously more trustworthy. His reply was something like.... I could sell $100 bills for $80 and be a power seller in a few days. Doesn't make me trustworthy, just stupid.I miss the Bigg Guyy.  |
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Pillar of the Community
710 Posts |
Quote:
A $20 coin shouldn't sell for less than $20 since it can be taken to a bank for face value. Some dealers have sold the $20 for $20 series coins for below FV in the past. Is this a loss leader to drive their business or did they acquire the coins for less than $20? |
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Pillar of the Community
Canada
1571 Posts |
I know some dealers were buying $20 for $20s for $16-18 then taking them to the bank once they had a bunch that weren't selling for $20.
I have never had any problems cashing coins for face value at the bank so I'm dumbfounded that anyone would sell them for less.
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Pillar of the Community
Canada
1505 Posts |
Quote:
I'm dumbfounded that anyone would sell them for less. For some it is simply time vs. Money. Selling 5 20x20 at $18 might be good enough, instead of spending 30+ min at bank waiting for teller, then right person, paperwork, etc... |
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Pillar of the Community
Canada
1571 Posts |
I've never waited longer than 5 mins at my bank, nor have I had to do paperwork. I just assumed this is easier than trying to find buyers.
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Pillar of the Community
Canada
1505 Posts |
Lucky, my bank has limited hours ("for my convenience of course", actual wording when they locked/closed atm at night). When I go in, usually 5-6 person line, then have to wait for the commercial bank teller, they have a binder with forms, verify everything, itemize on a list, have supervisor sign off. Then give me confirmation of deposit. Only done it a few times, but never less than 30 min. RBC.
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Posted 01/21/2019 11:18 am
