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 Replies: 26 / Views: 6,354 |
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Pillar of the Community
Canada
598 Posts |
Quote:
Your coin, in my opinion is a bullion coin..........sorry, hence you paid too much.......
coinsrfun Here's another overpriced and rare bullion coin. But, if you got in on the ground floor you'd be laughin'... one year, low mintage, even ebay rare... 1/15th oz, $2 gold maple... to match up with circulating currency. eg. 1, 2, 5, 10, 20, 50 and 100 dollars. The $2 dropped away after a single year, low mintage.   |
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Pillar of the Community
Canada
1051 Posts |
mkb - there is some precedent for numismatic platinum, that being the proof platinum sets 1995 and later which had individually issued low mintage coins. As a perfect example, I had the 1996 Peregrine Falcon coin at one time, which was issued individually in a quantity of 196 coins. This was my numi-PM education coin, as the half ounce coin was priced at about 1 ounce of platinum spot price. As platinum later rose in price, I saw my chance and sold it for a break-even price. What I learned with that coin was that if I had bought a 1 oz platinum ingot or Maple, I would have doubled my return, instead of breaking even.
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Pillar of the Community
Canada
693 Posts |
IBGOLDEN......you did well it seems..........1 in a row of NCLT. Maybe 5 in 20 years? Odds not good was my point.
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Valued Member
United States
324 Posts |
You never know what will happen with sales of this $300 coin. The premium on the coin is quite high over the value of the metal, so the mint may not sell all of them. Sales of all their over priced products have fallen dramatically in the past few years, and prices on some of them have risen due to unexpected reduced availability.
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Pillar of the Community
Canada
1051 Posts |
That is a bad sign mkb, can I still get one of those coins with the cartoon moose wearing sunglasses!?!?! LOL
I would say a little paring down of NCLT is just what the doctor ordered.
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Valued Member
United States
324 Posts |
1 cent, I agree. Some of the product coming out of the mint is brutal (i.e., for example the olympic mascot coins). The excessive premiums being charged for many NCLT issues is only reinforcing declining demand. I would expect that the mint's NCLT department will shrink in the future, and that the number of NCLT issues will be reduced. The process already seems to be underway.
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Pillar of the Community
Canada
598 Posts |
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IBGOLDEN......you did well it seems..........1 in a row of NCLT. Maybe 5 in 20 years? Odds not good was my point.
coinsrfun The odds are very bad, but if you wait for the RCM premium prices to evaporate over time with collectors re-selling,you may get a better deal, but don't wait too long, or the object of your desire just might not show up for sale More than 1 in a row... and too lazy to post any others.   Compare prices on what you would like to own... shop around and see what the market will bear. I think we have all made at least one purchase where we've felt we may have over paid a tad, but just really required that piece... satisfying that collecting urge.  ... and this from someone who refuses to pay over a few percent over spot for most purchases  If you are contented with your purchase you've paid just enough. |
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Pillar of the Community
Canada
1571 Posts |
7 years later....
This coin has proved difficult to price. I can't seem to find any for sale.
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Pillar of the Community
Canada
6768 Posts |
This is true, nothing for sale. But, if someone will want to sell it now, by setting the CAD 3000 (issue price) - I not sure that seller will find the buyers. Check out this: Quote:
The excessive premiums being charged for many NCLT issues is only reinforcing declining demand. I would expect that the mint's NCLT department will shrink in the future, and that the number of NCLT issues will be reduced. The process already seems to be underway. The first part - true and relevant today as well. Has been the amount of issues decreased?  No way. It doubled. |
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Pillar of the Community
Canada
1571 Posts |
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Pillar of the Community
Canada
5324 Posts |
Just buy bars for investment, the NCLT has too much premium built in already.
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CCF Master Historian of USA Commemoratives
 United States
12295 Posts |
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7 years later....
This coin has proved difficult to price. I can't seem to find any for sale. J&M has it available for $3,495 CAD. 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 |
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Far more than doubled. I counted at least 5x. |
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Pillar of the Community
Canada
2984 Posts |
Any NCLT with an high issue price like this Platinum at $3000 should not be considered an "investment" because it is very hard to find another buyer willing to pay the price.
Similar to the 1 Kilo coins, people should buy these high priced coins only for their personal collection, with no expectation of price appreciation.
Edited by MoneyPenney
10/27/2016 5:55 pm
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Pillar of the Community
Canada
5324 Posts |
They do make cool book ends.
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Replies: 26 / Views: 6,354 |
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First Page
Posted 09/29/2009 10:11 pm
