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 Replies: 40 / Views: 6,764 |
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Pillar of the Community
Canada
3690 Posts |
I ordered one only because I collect silver dollars and well....this is one of them. Otherwise, at 70$ and a limit of 1, I doubt this will sell out very quickly. I also received a MC "new coin notification" e-mail today. Kind of a day late, and I think the mint should have offered MC pre-order since they promote that opportunity as a reason to be MC members. Hopefully, that stupid limit doesn't become a trend. Limits of 3 or 5 are reasonable but one is crazy. Note that the e-mail from the mint suggests these would be good gifts; hard to do if you can only buy one (without going to another source).  |
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CCF Master Historian of USA Commemoratives
 United States
12277 Posts |
I believe the jury is still out on this one. On the positive side for future value: - As noted above, 10,000 coins for a silver dollar is not a terribly high mintage; a number of recent special edition silver dollars with mintages in the range of 5,000 to 10,000 continue to sell for above issue price on the secondary market (e.g., 2002 Queen Mother, 2005 Canadian Flag [w/ Red Enamel], 2008 Poppy [High-Relief], 2010 Sun)
- The Calgary Stampede is a known quantity and has a built-in souvenir/memorabilia collector base that could produce sales of this coin outside of current coin collectors (especially if they are available at the Stampede itself in a few weeks)
- The purchase limits currently being imposed by the RCM and at least one large dealer should help ensure a fairly wide distribution of the coin (at issue price) to those with true interest. This could lead to fewer coins being available on the market over the next year or more as the coins will be in the hands of collectors who tend to keep their coins for extended periods vs. those who purchase large groups of coins at issue with the intent of flipping them for a quick profit. This could allow for a slow build up in demand for the coin as more (and new) collectors become aware of it and want one for their collection.
- There remains a solid collector base for Canada's silver dollars in Canada, the US and in Europe. Many collectors want to keep the collections current and complete -- this will help ensure the sale of good number of the coins (likely several thousand).
I'm not saying the coin will soon sell for $200 to $300, but I think it's too early to write it off. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
1502 Posts |
I don't feel this is a change in the RCM's directions. The limit and release to general public before MC members is likely a product of some sort of deal with the Stampede (to co-ordinate its launch) and Canada Post. The Stampede made a big deal out of the coin's launch here in Calgary with an unveiling and news coverage. |
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Valued Member
Canada
112 Posts |
The design to me is dull. I will pass this coin.
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Valued Member
Canada
207 Posts |
I'm torn on this one. I've been collecting silver dollars relatively recently so buying most of the older ones (before 2005) at low premiums above melt value. It's such a big difference with the newer ones as they cost much more than silver value.
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Valued Member
Canada
105 Posts |
Awaiting stock on the mint website.
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Pillar of the Community
Canada
1581 Posts |
Perhaps they've held back a lot of them to offer for sale at the Stampede.
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CCF Master Historian of USA Commemoratives
United States
12277 Posts |
Back to being available on the RCM site. According to a press release I read, a supply of the coins have been reserved for sale at the official souvenir shop of the Stampede during the event. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
Canada
227 Posts |
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New Member
Canada
14 Posts |
Perhaps the fact that they intend on having a number on hand in Calgary will mean they'll be fairly difficult to find in a few months via traditional channels.
I wouldn't doubt it if a number of people buy them that aren't usually coin collectors that attend the event..
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Pillar of the Community
United States
2408 Posts |
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Rest in Peace
Canada
1360 Posts |
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Pillar of the Community
United States
2408 Posts |
I re-read commems post, and got me thinking.
So I called and ordered one just now.
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Valued Member
Canada
227 Posts |
Besides, Canada Post does not limit 1 per household. |
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Valued Member
Canada
63 Posts |
I just got a shipping notification from RCM. Looking forward to receiving this one! |
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Replies: 40 / Views: 6,764 |
First Page
Posted 06/21/2012 1:29 pm
