Will The Mint Eventually Stop Producing NCLT?

Non-Circulating Legal Tender (the legal tender - seems to be optional)

1. Most collectors are 60+, very little young collector interest.
- I'm definitely getting close to that 60 number
- My kids ~15-17 have no use / interest in coins
- Nor any collectibles for that matter

2. Most governments are edging towards a cashless society.
- That's a fact

3. Most governments have abandoned a backed-currency.
- That's a fact
- Coins are also made with cheap materials

4. Demand for NCLT is extremely low
- It's probably still there, but not enough to swallow all the releases

5. They are a horribly performing asset.
- Not quite as bad as jewelry

6. The RCM method of distribution is antiquated.
- Abolish the reps.

7. Most NCLT does not commemorate anything.
- Or commemorate the same thing over and over again
- Like the loonie for instance, flying, dancing, diving
- 40th, 65th 90th... should wait until 50, 75 and 100

8. They are sold at too high of a premium to BV.
- agree 100%
- gimmicky (paint, crystals, to jack up the price)

9. Mintages are often too high
- A difficult issue to manage. I understand the RMC wanting to capitalize on strong demand.

10. People are highly indebted, and likely do not have enough disposable income to purchase mass-marketed collectibles.
- Not sure if this is true. I think the dynamic has changed due to your above arguments more so than disposable income. It may depend on age groups but I personally have more disposable income now than I had 10-15 years ago when I was paying a mortgage.

This would apply to all coin collectors, not just NCLT.

Go to coin shows, most of the dealers are in their 60's and 70's with customers just as old. You rarely see anyone under 40 there.

Many coins collectors started collecting back in the 1950's, 1960's and 1970's. That was decades away from the digital age. Back then, with little distractions, coin and stamp collecting was very big. Lots of kids were into coin and stamp collecting

Fast forward to today. Young people now literally have the world at their finger tips with the internet, smartphones, and social media. Watch a video, listen to music, play games, connect with friends, etc. Coin collecting is the farthest thing from their minds.

As a 19 year old coin collector I have to say I agree. When I call shops asking if I can purchase their junk silver and I arrive to pick it up they are surprised to see me since most of their customers are 40 and above.

All of the above comments seem to have at east a slight tinge of cynicism. Perhaps not too surprising.

RCM with, and to a slightly lesser extent, most other mints around the World, have just about killed the goose that laid the 'golden egg'.

I can remember in the late 1960's there was much enthusiasm about the idea of an occasional issue of NCLT.

NCLT will continue to be produced, as long as there is a profit to be made, for whatever combination of reasons.

I do have a small amount of NCLT in my collection, but all purchased at cherrypick prices in the numismatic aftermarket.

@CurrencyLooker - Kudos for collecting! Enjoy!

Atticguy wrote:


That would be the Ottawa River, and interesting thing to happen - at the same time it would wipe out the city of Ottawa. You're better off hoping for a Tornado - there have been a few in the area over the past year or so.