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 Replies: 18 / Views: 3,302 |
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CCF Master Historian of USA Commemoratives
 United States
12274 Posts |
Based on today's general release of new coins, it looks like the most recent batch of coins from the RCM made it through the MC period with only one coin becoming a possible sell-out -- the 2013 gold $150 Lunar Snake coin is currently 'Awaiting Stock'. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
2408 Posts |
Commems,
Thank you for your continuing participation on this forum.
I can only speak for myself, but this time around I find nothing of interest. Since 2006 I've stayed away from gold and platinum - except the smallest coins. There are just too many NCLT produced.
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Pillar of the Community
Canada
2984 Posts |
Canadain-Coins,
I totally agree with you. The mint is rolling out new products every quarter. Too much to keep up with.
With the exception of a few coins, most of the releases have been duds. Besides the Glow in the Dark Dino coin, the two loon coin, and the bumblebee coin, the other releases have not done well.
I want to single out the Robert Bateman Moose Silver Dollar as a particular poor investment. Just because it was limited to one per person, hoarders thought it would be a hot coin. Well they were certainly wrong. The coin was not particularly attractve. Nothing was special about it. Only thing was the 7000 mintage, which is quite misleading. Low mintage means nothing if there is no demand for it.
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Valued Member
Canada
451 Posts |
^Speaking of which, there is a Bateman Silver Dollar just sitting at my local Shopper's Drugmart for the taking.
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CCF Master Historian of USA Commemoratives
 United States
12274 Posts |
@canadian_coins: Thank you. I agree with you, MoneyPenney and others who have posted about the plethora of NCLT issues from the RCM -- it really has gotten out of hand. The large number of releases across so many different themes has made many of the RCM's recent issues seem less and less like coins and more and more like generic keepsakes (at least to me). Of course, the RCM is not alone. Mints around the world are increasing the number of NCLT coins they release each year, flitting from one topic/theme to the next in hopes of finding a few that capture collector interest. Of those that don't and thus sell poorly, it will be interesting to see how they are treated by collectors 10 or 20 years from now -- will they continue to be dismissed or will their low mintages finally make them attractive and in demand? From this recent RCM batch, I ordered only the Grey Cup silver dollar. I've been collecting Canadian silver dollars for just under 20 years now and will continue to keep my set current. As for other future RCM releases, their design will need to be something truly special or their topic of particular interest to me in order for me to pull the trigger on a purchase. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
291 Posts |
Quote:From this recent RCM batch, I ordered only the Grey Cup silver dollar. I've been collecting Canadian silver dollars for just under 20 years now and will continue to keep my set current. As for other future RCM releases, their design will need to be something truly special or their topic of particular interest to me in order for me to pull the trigger on a purchase. I collect the silver dollars also and I feel the RCM has gone to the well once too often with all the various varieties of the dollars offered (selective gold plated, enameled etc). Stamp collecting is virtually dead because of the zillion issues, will the RCM kill the goose that laid the golden egg too? |
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Pillar of the Community
555 Posts |
Plus actual delivery will be May,2014.  |
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Pillar of the Community
Canada
3690 Posts |
Quote:
Plus actual delivery will be May,2014
Mine is being delivered today.  |
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Pillar of the Community
Canada
3692 Posts |
If there is a good side to the plethora of NCLT it's that the innovations of the RCM never stop. The RCM has dabbled in holograms, coloring, niobium, crystal settings - including bad quality diamonds, lamination (I think?), glass, large size/small size coinage, precious metals, base metals, proof issues, foreign issues, odd shapes.... They really reinvent the coin, to the point that they are no longer coins to be used for the purpose that coins were intended - to circulate! Their biggest strength is also their biggest weakness. The one and only coin from the last 2 years that I liked from them was the 2 ounce Toronto map coin, and if it wasn't for that danged Google Maps "arrow" I would have bought it. The other coin that I actually like is the niobium "hunter" coin, but it's really hard to attain @ $120+. :P It's very hard to justify buying that one since I can think of better things to do with my money. |
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Valued Member
Canada
451 Posts |
^The Toronto Map coin wasn't made by the RCM. |
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Valued Member
Canada
451 Posts |
Everything has gotten crazy. We now have fine silver proof sets, proof sets with only a silver dollar, specimen loonie sets, specimen toonie sets, uncirculated sets, proof silver dollars, uncirculated silver dollars. We have a million different versions of the lunar coins. On top of all these extra coins every year, prices have gotten out of hand. Then we have the scalpers trying to manipulate the market by hoarding and reselling coins. Can I say the Bateman coins were a failed attempt? All of this takes the joy out of collecting.
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Pillar of the Community
Canada
3690 Posts |
Definitely agree that there are too many variations of dollar coins and proof/specimen sets. And there are a ridiculous number of painted quarters commemorating everything but the days of the week. Is anyone out there still trying to maintain a complete collection of 25 cent coins? The RCM is shooting itself in the foot with quarterly releases of multitudes of coins that are often gimmicky and overpriced. There are far too many 'year of the whatever' coins. Add that to extremely poor customer service and it makes me worry about the future of coin collecting. Circulation coin collecting is much more difficult now since finding older and rare coins in change is virtually impossible. So where does the hobby go? IMO, it's only a matter of time before it bursts which is why I am shifting a greater portion of my collecting to world bullion. I still get the pleasure of some decently designed and struck coins with the benefit of knowing they will at least hold their PM value. |
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Valued Member
Canada
207 Posts |
Why all the hate for the Bateman coin? Many coins from the RCM do not appreciate - not just the Bateman moose. I agree there are way too many releases. Fortunately I don't collect specimen/uncirculated/proof sets - I'm totally lost on those as there seems to be a new set every few months. I would have expected there to be one per year or something. Also the special circulation coins have lost their appeal. I just got the lucky loonies, now there are grey cup loonies already. |
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Pillar of the Community
Canada
1581 Posts |
Quote:
Then we have the scalpers trying to manipulate the market by hoarding and reselling coins.
Agreed. WAY too much talk of flipping, even on this forum. NCLT have become a money making scheme of the moment, and dealers and flippers are playing games right now. The bubble will burst, and leave the real enthusiasts holding the bag, having had to pay a premium because flippers sucked up most of the stock before they got a chance. |
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Pillar of the Community
United States
2408 Posts |
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So where does the hobby go? Electronic money. Make no mistake about it, coins/cash IS on a decline. Collecting coin will never disappear entirely, but I can't see it getting any momentum either. NCLTs are just a phase. They too will lose steam. |
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Valued Member
Canada
242 Posts |
I find it not to bad, compared to the Perth Mint...they have to many collection on the go..- |
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Replies: 18 / Views: 3,302 |
Posted 08/29/2012 02:57 am
