Do You Think The Mint Is Making To Many Diff Coins

Generalizations are minefield.

Do "serious" collectors not smile ever? is that why they're "serious" collectors?

Trinkets, that's what we all collect. I give the two fingered clap to anyone who thinks their collection is some how more serious than NCTLs, bullion, stamps, spoons, shot glasses, hot rods,...

I wonder where all this silver and gold is coming from? to the top creator, yes, I think there are far too mny pieces being put out, but then again, I am likely not their target customer. I see a coin with more than 20-30% markup over spot, I immediately lose interest unless it's a VERY captivating design, of some significance to me.

I cannot imagine someone "collecting" mint products personally. No offense to any of you that do, but I see sooo much of that stuff go through my dealers doors being sold at 5-10% above spot by surprised, and often infuriated sellers who had to learn the hard way that not all nest eggs are created equally.

For every Bumble Bee or Glow in the Dark Dinosaur, there are tons of crystals, raindrops, maple leaf variants, etc, that the market just doesn't want. A lot of these commemorative coins tend to "ride the wave" of a trend or fad, which then loses it's value in subsequent years. The volume my dealer has available, for less than original MSRP, is staggering.

In a (my) perfect world, the mint would *only* create commemorative coins that are precious metal versions of, or companion pieces, to commemorative circulation coins. For example, the 1812 stuff is great, as it flows from the widely available HMS Shannon Toonie, and the relatively affordable proof sets.

I see no need for birthstone, Maple Leaf Forever, and other assorted products that would make more sense coming from the Franklin, Danbury, or Perth Mint. The mint should also not be charging significantly higher than spot on *any* coin. I would support a 2x maximum premium restriction. But yes, I am a curmudgeon.

Again, I am not the mints target audience, very often anyway. Metal investors and coin collectors are not what they are after, it's those people's mothers, fathers, spouses, etc. Just my 2 cents, or rather, 0 cents, since we are using swiss rounding now ;)

I don't expect pay an artist a painting's worth in paper and paint, so I don't expect to pay the price of silver for a stunning coin. My wife thinks I'm stunning; beauty and value Must be in the eye of the beholder then :)



Not all sellers are created equally either. Selling NCLTs to a bullion dealer is akin to cashing in numismatic coins at a bank. Hate to say it but "infuriated" persons are usually (*politely*) "under informed" persons.

You've made my point. Don't sell your NCLTs at a dealer of bullion of "serious" numismatic coins, and you won't get burned.



Semantics, but most Canadian coins period ARE RCM products.
By the same token (Pun!) if all the coins that ever circulated are taken into account, numismatics are on average not investment grade either.

If paper money value is paramount (and it's not), you have to pick and choose your purchases AND where you sell irregardless if it's NCLT, strict numismatic, or bullion. Take a 1916 Canadian gold sovereign to a bullion dealer and you'll get burned just the same as if you were to sell a bumble bee pimple coin to an exclusively graded coins dealer.


Just this past weekend a gentlemen sold his entire NCLT collection to me. Just shy of $10,000 total. He made more than issue price, was quite happy with his sale, and moved on to spend his paper + profit on smarter things. In the 2 days since the purchase I've already made half of what I paid back at between 10-20% profit. The other half of the collection will 100% go for at least 10-20% what I paid should I decide to sell them as well. To boot, all my buyers so far were happy they found their coins at better prices than most places.
This would've been a different story though if either of us were indiscriminate with our purchases and sold only at our local national dealer.

My apologies for hijacking the thread. Just tired of hearing one party bashing the other. You shake your head when I buy a glow in the dark coin and I sneer when you pay someone to entomb your coin in plastic and tell you how many scratches they found. School kids, we all are.

IMO the answer to the original question is yes.
The RCM is flooding the market with cheap dreck at absurdly high prices.
Eventually I feel it will come back to bite them.

Poboxw, you may have mis-characterized me. Most of what I own was bought between 90-105% of spot, and I love every coin. None are slabbed. I do have several BU pieces of considerable worth, all in 2/2's.