RCM Coins Are Overpriced.

Need to pay for the luxury buying from RCM : send a mail to the "account manager" and do nothing. No shipping charge, no fees.

But yes, the coins overpriced and expensive (imo)

Just don't buy any coins from the RCM then - simple solution to your problem. Would you go to a restaurant that charges you $100 for a steak? I wouldn't, but there are some who do...

I have pretty much stopped buying any numismatic releases apart from the ATB 5oz pucks from the US Mint. 5 oz of silver for currently US$150 with a mintage of around 20-30k per coin and 5 releases per year. Premium, mintages and annual spend are all within my limits. Plus, it's a nice series. It's 50% investment and 50% hobby. If you like it cheaper, then buy the ATB bullion coins - they come with a lower premium than ASE or SML per ounce (if you buy them immediately after release that is).

The comparison isn't fair as some have said. I've begun to be selective and also invest in bullion. Buying elsewhere has also became the norm for me since the mint's supply is limited and doesn't go back as far as I would like.

No, I suppose it isn't a fair comparison. But given the RCM has a monopoly on producing Canadian coins there's no way to compare apples to apples, I settled for comparing Ontario apples to Washington apples

commems raised some very valid points, RCM does have a larger overhead and smaller market, that most certainly justifies higher prices. I don't happen to think it's enough to justify RCM charging almost 4 times as much for a very similar product.

What I neglected to say in my first post, and I should have, my mistake, is that I don't think it's fair for me to expect to pay the same prices as US collectors do. Again, commems points explain that. But I, and apparently others, feel RCM is gouging their customers somewhat.



For the record, I haven't bought any product from the RCM since 2008. Was just giving my opinion after seeing the price earlier today for Proof sets from the US mint.

Yes, the "art" value is impossible to quantify. Probably a bit of "patriotic" value in there as well.

Absolutely not. 95% of coins minted by the RCM in the last couple of years have depreciated in value. If you look hard enough you could find most coins below issue price.
10,000, 12,500, 15,000 mintages make no difference as there are more coins than collectors interested in them.

The $100 Horse coin will always be worth $100 since it is one of those $100 for $100 coins issued by the Mint. Supposedly you could always return them to any Canadian Bank for $100.

First, let me say, yes, this topic has been mentioned many times. I remember once a member was a bit, lets just say his feathers were ruffled when I brought this up.

But no I agree with you, RCM coins over priced.

Most coins drop 50-60% in the secondary market, if you want a recent issue, all you have to do is wait a year or more and you will find them at a better price AND many times they are already graded!

I have stopped completely buying ANY RCM coins unless its something that connects with me AND it has to be 40% off or more. Otherwise I am not buying.

Now I want to make two points as I dont wish to beat the RCM down here and be negative as I realize many folks still are buying and collecting and I appreciate their passion despite what is happening. My two points are-

1- Most private/Goverment mint coins are OVERPRICED. Period. The mark ups are crazy and for the most part, the vast majority of coins will sell for less online. I have looked at various coins from various mints and I know this to be fact. Don't buy coins as an investment. Yes, I do agree, for the money that is put into them, they should at some point give you something back besides the fun and enjoyment of collecting. However, the vast majority coins dont do that.. and that brings me to point 2....

2- Coins appreciate in value and in some cases rapidly, due to the old supply and demand relationship. Even the RCM over their releases have some winners every year. Most mints do but based on my numbers for what I track and like, its a very low percentage. In some cases, I didnt even like those coins, they were not appealing to me. I have scored a few tho over the years and even recently.

A few last thoughts. As has been mentioned, buy what you like, what your focus is on. This way you limit what you are buying and are not just throwing away at coins that will end up dropping in price and then you realize you didnt like them.

Finally, mintage does and doesn't impact price appreciation. I have recorded plenty of coins that have mintage of 250, 500 and they plummet in price. AGain, its all about supply and demand.