2010 RCM Gold Coin 40% Off

OK

huh? getting something for melt is a great deal

this doesn't surprise me either, any pics from the event?

Not OK. This proves nothing. It does not prove anybody bought a coin for that much. It does not prove coins are worth their melt value.

This could be a fluke occurrence. The fact is everybody is talking fact based on rumor and innuendo. Nobody has provided specifics of this sale let alone proved a sale has occurred. It is possible that the coin was not purchased from a dealer but from a person looking to sell the coin quickly. If you look on ebay this type of coin typically sells for $700-$900 but it is possible to buy for $570.

http://www.ebay.com/itm/2009-9999-F...em1e6dc511c2

http://www.ebay.com/sch/i.html?_nkw...H_Complete=1

So nothing is proven. In fact I bet this coin could be easily flipped for a 20% to 35% profit on ebay within a few days. There for the statement that you will loose money buying coins from the mint is totally false. Deals on coins can always be found and it is based more on the circumstances of the sale then the resale value of the coin. Just because a pawn broker in the US will only offer you melt for a Canadian coin has no reflection of the resale or investment value of a coin.

If it was the 2009 Blessing coin the issue price was $799 and back then gold was $1000/oz. You would have to be a true collector or a fool to pay 2.5x spot for a coin for a coin they were going to make 5000 of.

The 2010 Blessing coin sold for $940 and they made 1388. In 2010 gold was $1200 to $1400, making this coin 2X spot. Poor value and not a good decision for a collector.

http://www.ebay.com/sch/i.html?_nkw...H_Complete=1

Oh and the 2010 sells for around $900 to $1000 with shipping so no real loss of value there either.

The 2011 Blessing coin sold for $988 and they made only 888. In 2011 gold was $1500 to $1900, making this coin the best value at under 2X spot. A good investment decision.

By the way if you bought a 2011 Blessing coin it is now worth over $2000:

http://www.ebay.com/itm/150-Pure-Go...em20c4a92126

Again, what does any of this prove? Some coins win and some loose or that the buyer should make educated decision when buying coins.


@Toronto1; flip that coin you can make 50% to 100% on your money.



I am betting the latest 1812 gold coin will do well. With only 2000(?) made and selling at around 1.5x spot this coin will go up. With gold predicted to be at around $2000/oz in the future this coin will sell for more than the issue price. The last coin on ebay sold for $700. That's 23% above the issue price already. If they don't sell the whole issue and with the price of gold going up this could be a $800 to $1000 coin in ten years. That is a good predicted return on investment.

If all you are looking to do is make money buy FB Facebook at under $20 and wait 5 years. FB will be a $100 stock eventually based on projected future revenue streams and based on it doing even 1/2 as well as Google. Its already embedded into out social infrastructure. that's a possible 5X return.

Where you going to put your money, coins, bullion or stocks? What ever you do don't keep it in the bank, better to keep it under your bed.

@commems: my comments weren't directed at you. My point is you can prove anything with conjecture and opinion. Even facts can lie. 90% of most statistics aren't correct also. For every example of a coin that looses money I can show you one that makes money.

If you are collecting to make money collect smart. Don't buy a coin priced at 3X the precious metal spot price. Most investors that make money spend 2 hours per week researching that particular stock before they buy and after they buy it.

If you are collecting for love don't worry about it. Just collect what makes you happy and do it because you enjoy it and not to make a profit.

Off topic but I don't just collect coins. I collect many things and don't expect to make a profit on every item I own.

@middross: kind of directed at Toronto1. I don't care if he hates the mint, there are many valid reasons to do so. I guess my problem is that he is not proving anything and presenting false evidence. If anybody has a valid point and can present corroborated evidence with specifics details to prove it then fine.

@Toronto1, it's vital and essential for every society and community to have different voices. However, it's important for all individuals to realize that they need to voice their opinions without being disrespectful to others. The majority of us here share a common interest and yet you seem to take every possible chance to discourage us.

We're listening but please take the effort to make your voice heard.