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October 2022 RCM New Releases

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 Posted 09/27/2022  11:40 am Show Profile   Bookmark this topic Add vonigohcr to your friends list Get a Link to this Message
New Releases for October 2022

Silver 5kg 10th Anniversary of last penny - 180mm - FV: 1c - Mintage: 150 - $10,999.95
Silver 5oz 10th Anniversary of last penny - 65.25mm - FV 1c - Mintage: 1,500 - $599.95
Silver 1oz The Yukon Phenomena - Bar with Glow in dark - FV $20 - Mintage: 7,500 - $139.95
Silver 5oz - Relics of New France: Louis XIV 30 Deniers (includes Slabbed authentic 30 Deniers coin) - diameter: 65.25 - FV 30 Deniers - Mintage: 1,250 - $699.95
Silver 3oz - Magic of the Season - 55mm - FV $50 - Mintage: 2,500 - $349.95
Silver 2oz 100th Anniversary of Royal Agricultural Winter Fair - 50mm - FV $30 - Mintage 2,500 - $199.95
Silver 1/4 Oz The Royal (Moments to Hold) - 27mm - FV $5 - Mintage: 100,000 - $24.95
Item above also available as subscription (coin 4 of 4).
Edited by vonigohcr
09/27/2022 11:42 am
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 Posted 09/27/2022  11:47 am  Show Profile   Bookmark this reply Add vonigohcr to your friends list Get a Link to this Reply
To editorialize on this month's release...

I guess an anniversary of the last penny was inevitable but disappointing in its predictability... How many pennies have now been released since the announcement of the "Last Penny"?

Everything else overpriced at the RCM current baseline of $100-$140/oz for Silver depending on embellishment.

Nothing for me this month.
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 Posted 09/27/2022  1:31 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
I wonder if there will be as much of a rush for this 'Unexplained Phenomena' as there was for the 'Falcon Lake'. Personally, I had never heard of the 'The Yukon Encounter' prior to reading about it in the October Flyer

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652 Posts
 Posted 09/27/2022  2:06 pm  Show Profile   Bookmark this reply Add wilsonwu89 to your friends list Get a Link to this Reply
So unimaginative. The penny is dead. Stop commemorating it. This literally screams we have no ideas so we will milk whatever used to be popular 10 years ago. JuST STOP.

If you want people to actually collect again, start with minting pennies again in the circulation sets. That alone will bring back hundreds of collectors. I would actually buy that.

I haven't bought anything from the mint coming on 3 years now.
Valued Member
Canada
304 Posts
 Posted 09/27/2022  4:02 pm  Show Profile   Bookmark this reply Add YesOrNo to your friends list Get a Link to this Reply
Thanks @vonigohcr for posting the list.

Does anyone like the design of "The Magic of the Season"? I think the design is average. Probably not a coin I must collect.

My favourite is "Canada's Unexplained Phenomena: The Yukon Encounter". However, with a mintage of 7500, I can probably get it later at auction for half of the price.



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 Posted 09/27/2022  8:43 pm  Show Profile   Bookmark this reply Add New1954 to your friends list Get a Link to this Reply
I wonder if this will be the last year that the Queen's image will be on our coins. King Charles III is next?

Thank you @vonigohcr for posting.

I did buy the Yukon Encounter coin and nothing else. Designs are so repetitive.
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 Posted 09/28/2022  07:34 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@vonigohcr: Thanks for posting the release info!

None of the releases truly entices me - that's nothing new, unfortunately!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 09/28/2022  12:40 pm  Show Profile   Bookmark this reply Add vonigohcr to your friends list Get a Link to this Reply
New Release addition...

50th Anniversary of the '72 Hockey series.

Gold 1oz - Summit Series - 30mm - FV : $200 - Mintage 300 - $4099.95
Silver 2oz - Summit Series - 50mm - FV: $30 - Mintage: 5,000 - $189.95
Base Twoonie - Colourized Wrap Roll - 28mm - FV $2x25 = $50 - Mintage 15,000 - $79.95
Base Twoonie - Colourized and Non Colourized Rolls - 28mm - FV $2x25x2 = $100 - Mintage 10,000 - $159.90

It is odd that this was not part of yesterday's announcement but maybe the RCM wanted the separate press. Interestingly no announced single pair card/unc set. It would have enlivened a somewhat mundane release.
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Canada
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 Posted 09/28/2022  12:53 pm  Show Profile   Bookmark this reply Add applesauced to your friends list Get a Link to this Reply
"It is odd that this was not part of yesterday's announcement but maybe the RCM wanted the separate press. Interestingly no announced single pair card/unc set. It would have enlivened a somewhat mundane release."

Separate release so the collection could be released to everyone at once instead of Mastersclub having first access?
Edited by applesauced
09/28/2022 12:54 pm
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 Posted 09/29/2022  12:31 am  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
I wonder if there will be as much of a rush for this 'Unexplained Phenomena' as there was for the 'Falcon Lake'. Personally, I had never heard of the 'The Yukon Encounter' prior to reading about it in the October Flyer


The mintage for the UFO coin series has jumped 50% from last year.

It was only 5000 for 2021. But it is 7500 for 2022.

Again the MInt has ruined a perfectly good series by jacking up the mintage.
Edited by MoneyPenney
09/29/2022 5:10 pm
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 Posted 09/29/2022  11:51 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Again the MInt has ruined a perfectly good series by jacking up the mintage.

Or have they made a coin with a potentially popular theme available to a larger audience?


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 Posted 09/29/2022  3:10 pm  Show Profile   Bookmark this reply Add New1954 to your friends list Get a Link to this Reply
The "Yukon Unexplained" made the front cover of their monthly paper mail out so possibly trying to target a new demographic and well christmas is around the corner?

@moneypenney

are the years meant to be reversed for mintages?
Edited by New1954
09/29/2022 3:11 pm
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 Posted 09/29/2022  5:32 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
are the years meant to be reversed for mintages?


Thanks for catching my error. Yes the years were reversed but now corrected.


Quote:
Or have they made a coin with a potentially popular theme available to a larger audience?


If that was the case, why not double the mintage to 10,000 or make it unlimited.

Increasing the mintage only dilutes the value of the coin. We see the Mint doing it to other coins. The most recent example is the 2022 Black Gold Otter coin where the they increased the mintage from 4500 to 6500 from the previous year. Due to the increased mintage every dealer has it in stock at issue price. Because supply outstrips demand, you can easily find it for below issue price.

Soon you will be able to get that coin and the new UFO coin at 50% discount at auctions.

As a collector I would hate to see my collection devalued because of increased mintage. Bullion value is not something I look forward to.
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 Posted 09/30/2022  08:35 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
If that was the case, why not double the mintage to 10,000 or make it unlimited.

Exactly! Make the mintage unlimited within an ordering window (e.g., six months, a year) and let the market decide how scarce a particular coin will be instead of the artificial scarcities created by the Mint with its mintage limits.


Quote:
Increasing the mintage only dilutes the value of the coin.

Not necessarily true. It only dilutes values if a limited availability situation is created on purpose by establishing unnecessary scarcities with early issues. Make mintages unlimited/to demand from the start and the situation goes away as market "demand" drives the original supply from Day 1.


Quote:
Due to the increased mintage every dealer has it in stock at issue price. Because supply outstrips demand, you can easily find it for below issue price.

My proposal would wipe away this situation. If the market naturally finds its own level (i.e., mintage amount) at the time the coin is released, future demand/new collectors of a series will likely put pressure on available supply and organic market value appreciation will take place.


I'm not stupid, I understand some of the reasons why the Mint creates artificial scarcities at the start of some series. One reason is that it enables them to excite collectors/speculators into a frenzy that allows them to charge higher prices and increase mintage amounts in the future without much push back - time has proven that while collectors may complain about the price/mintage increases, the majority continue to buy the coins - verified by sales figures. I would just prefer a new business model to be employed.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 09/30/2022  12:54 pm  Show Profile   Bookmark this reply Add vonigohcr to your friends list Get a Link to this Reply

Quote:
Increasing the mintage only dilutes the value of the coin.


There is some truth in that but if you look at the coins whose market value has either matched issue price or appreciated there are usually two attributes in play:
1) Either the design is outstanding or the subject matter is compelling.
2) The mintage or availability is low. Availability is often tied to mintage but not always when looking at the RCM's model of small 1st runs for newly released coins.

Examples of this are:
- 2008/2009 Gold $300 Moon Mask series... generally resells at a premium over bullion (Bullion has appreciated over issue price) but mintage in the 500 range.
- 2007 Silver Loon baby series... Mintages 1,911 -> 3,200 included a compelling package of trinkets for new parents.
- 2008/2009 $20 Hockey Mask series... Mintages 95->748... All sell at a premium over issue... Hockey is very popular in Canada and mintages are low.
- Many of the recent $200 Gold coins are sub 300 mintage... they are not that easy to find and often carry a premium over issue price.

It seems that a "magic" number for silver is <2,000 and for gold <300 and that will provide a scarcity floor for a compelling coin to retain value... Higher mintages, in general, leave the coin very available and only very compelling coins will carry a premium.

The current trend of RCM issuing Silver in the 5,000->10,000 range guarantees a Franklin Mint level of value appreciation. It is also why NCLT Silver Dollars from the '70s and '80s are mostly available below issue price as their mintages were in the hundreds of thousands ranging to over half a million in some years. The first NCLT SD that has any real appreciated value beyond issue is the 2002 Queen Mother... Topical as it was the year of her death and mintage was the first SD less than 10,000 in an era where mintages exceeding 100,000 were common

This is the same in the circulating side of the hobby... Scarcity, especially at higher grades, is what leads market pricing. NCLT are all presumed to be PR-69/PR-70 but the jump in price between a MS-60 and a MS-65 within a given coin and year, especially in the silver series pre1968 is driven directly by the relative availability of the date since designs tend not to change year over year.
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6 Posts
 Posted 09/30/2022  3:49 pm  Show Profile   Bookmark this reply Add ttl to your friends list Get a Link to this Reply
in reality, the RCM doesn't care about after-market sales or the price of the coin on the secondary market. The mint is the profit-oriented only body
The mint has a network of worldwide dealers, including eBay sellers as well.
at least 70% of all releases are distributed through dealers' networks.
They can manipulate the price of the coin and create a temporary high demand for some coins situation in order to rise the price.
If the dealers cannot release the products, especially on eBay, they drop the price below official RCM releases. Unfortunately, 60-70% of the RCM coins lose or do not gain value on the secondary market.
it's my personal opinion after 10 years of buying and selling RCM coins. I agree the mintage of the RCM coins is too high. The Thems of the coins are primarily oriented to the Canadian market.
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