RCM / Royal Canadian Mint NCLT Outputs

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Author	Replies: 7 / Views: 1,767
timotay01 Valued Member Canada 186 Posts	Posted 10/30/2011 2:44 pm This is primarily to the RCM rep more for feedback, but I think reflects a lot of other collectors here. As a kid I had a small collection once in a while pillaging my parents change to check for some old coins. I grew up got married and forgot about my coins. One day my wife came across my old binder and decided to buy me the missing penny's back to 1900. What a great wife! now she hates when I she sees me on ebay looking longinly at coins I can't afford. Anyhow this gift renewed my collecting but recently my desires are starting to wane and I suspect will soon give up. My favourite to coins to collect were quarters because there was things like the the provinces and monthly ones in 1999 and 2000. There was then the first coloured one with small flag in 2000 and the 2000W. Fast forward a few years and in 2006 if one wanted to collect all the quarters (beyond the circulated ones) there was: Quebec carnival $15, Tri-coloured pink ribbon $14, QE II 80th $25, and 3 hockey quarters Ottawa, Montreal, Torono $17 each, and Rudolph $20. total $125 Ok this is not so bad spread out over a year. This year there was by my count there are 15 different NCLT quarters one could buy and the cost I suspect is much higher than $125. The same kind of thing is happening with other denominations. I understand the RCM wants to make $$ but feel like I can't keep up. I suppose I do have a choice to not collect NCLT, its just disappointing that this really wasn't made by me, but made because there is simply too many to collect. I wonder if the RCM does do any metrics or anything to determine when there is too many? or is it simply just the more volume and more $$ the better and next year I can expect 20+ NCLT quarters? Again I'm not saying don't make NCLT because I think a few is ok, just wish it was more like 5 or 6. If there are indeed new collectors each year then make a few more of those 5 or 6 rather than more types. Report this Post to the Staff

neweden Valued Member Canada 272 Posts	Posted 10/30/2011 2:58 pm I for one agree with you timotay01, there is way too many NCLT coins to collect and I fear it may be detrimental to this great hobby. The sportcard hobby died in 1990 due to an over abundance of cards for the average collector, even now I know of many sportcard enthusiasts with basements full of the stuff that they cant get rid of. The same thing happened to the comic industry in the early 70s, it is only now starting to make a return all be it slowly. And I would not be surprised if the coin market goes the same way, I wouldnt touch NCLT coins if they were being given away, eventualy you are going to end up with a basement full that nobody wants, and that as they say in german west africa is my 2 cents worth.. Report this Post to the Staff
realpenny Valued Member 423 Posts	Posted 10/30/2011 4:02 pm The RCM's NCLT market is showing it's weaknesses as some of the products are very poorly done now and have reached into gimmick territory. The RCM's proud tradition isn't going to stand the test of time with a lot of the recent NCLT's. It is better to do things well and wait then rush with poor production or quality just to be the "first". Who cares if you were the first to do something poorly. The RCM is filling demand and being profitable though and let's be honest... that is the only reason the modern NCLT's are produced and in such numbers for. Things are simple though: Do you NEED every coin with 25 cents on it? If not, don't feel the NEED to buy/collect them all. If the RCM can't sell out on any of them they will cut back. Mintages too high... don't buy. Is the artwork crappy or production of the coin poor? Don't buy it. The thing with NCLT's is that no one NEEDS them. They are luxury items and sold as "collectables". Collectables have always been manipulated in some way or other and both ways is just as bad long term. Usually things with real long term value were never meant to be collectable that is why they have worth. Buying a collectable coin that takes no real work except giving money (NCLT by definition) is a manufactured system to begin with that will crash sooner or later like all "buy this collectable from us and put it away and it will go up in value down the road" systems. Stick to circulation coins if you like coins. Buy the odd NCLT if you really like it. Practically everything that is sold as a "collectable" fails in the long run as a collectable as it is a manufactured system to being with. The RCM can cut back on the number of coins released, but then the market is being manipulated just in the other direction. Like error cards and all the other marketing gimmicks that come out to keep the collectable market going with high interest. Buying anything sold as a COLLECTABLE should set alarm bells off. Only buy something because you like it or enjoy it or need it. Report this Post to the Staff
Lithanial Valued Member Canada 451 Posts	Posted 10/30/2011 4:07 pm The only difference with the NCLT market and the comic/sports card market is the fact that silver is worth something even if the coin is unwanted. The key to the NCLT market is to really study the trends of what is popular and what isn't. Every coin belongs in a category, and the popularity of the category and the uniqueness of the coin in that category will tell you how well it is going to sell. Report this Post to the Staff
cownick Pillar of the Community Canada 677 Posts	Posted 10/30/2011 4:13 pm I used to get all kinds of NCLT from the mint. When a new coin came out it turned into a real chase in where to get it from when they sold out. Then it turned into only pick 1 out of 10 new releases. Now multiple coins are released every couple of months and I say no, they are just too much. Report this Post to the Staff
Lithanial Valued Member Canada 451 Posts	Posted 10/30/2011 6:38 pm I could probably cut back on them myself. I purchased the Ladybug Silver coin this year, actually a few of them, and sold them off. I purchased the Wild Rose coin, the Dragon Lotus, and the $20 for $20. That is pretty much my NCLT's for the year. The difficult thing for me is having control. They are beautiful coins and I am a sucker for silver. I am thinking about getting the gold dragon in the new year. This is one I have to mull over. I will only buy one or two NCLT's a year, and this one sort of counts as two. Report this Post to the Staff
realpenny Valued Member 423 Posts	Posted 10/31/2011 01:20 am ^^^ Pick high quality artwork coins. Done by good artist and designers. That have actually been reproduced well and in nice detail. If you really think the coin design is nice and well done and like it. That's a good start. It can also be good if the coin appeals to more then coin collectors long term. Birds or themes you like. Pick something you really like the design of and that isn't cheesy and on a subject you like. If it is well done it will stand the test of time. I think a lot of NCLT will be worth metal only though, but the better ones will have some collector value. How much shouldn't really matter with NCLT's as there are better long term investments, so you have to get some enjoyment out of it or it doesn't really make sense. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 10/31/2011 03:00 am The RCM will sell the maximum amount of NCLT that the market will absorb. That is where the limit of profit and turnover is. The British Royal Mint, the Royal Australian Mint and the U.S. Mint, are in the same sideline business, all for the same reason. Some of their work is top class, some is rubbish, for any number of reasons. Report this Post to the Staff
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RCM NCLT Outputs