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 Replies: 16 / Views: 3,771 |
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Valued Member
Canada
299 Posts |
So I just came across that coin, and saw that there were only 1514 produced, ONLY  and yet it didn't even double in price ?! How is that possible ? http://www.ebay.com/itm/11097093059....m1423.l2649 Here is the link where you can buy it for 260 + 10 $ for shipping. Some coins with thousands of mintage are jumping in price and this one almost stayed at the same ... I find it kind of wierd, maybe I miss something ? |
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CCF Master Historian of USA Commemoratives
 United States
12296 Posts |
The 2009 Cartier coin is an example of a "contract coin" -- the RCM struck the coin for a private company and delivered all of them to the company for sale and distribution. It was never available for sale from the RCM. This has contributed to a relatively low awareness of the coin among collectors and can partly explain the low demand. It's listed in the Charlton catalogue, but still doesn't draw a lot of attention. It also wasn't a coin that was targeted heavily by speculators at the time of its release -- so, no artificial hype to drive a sell-out and create demand. It was a coin purchased primarily by collectors for their personal collection and demand for it was never very strong. One note about current pricing, this coin did typically sell for about 20% higher a year or so ago. I recall a number of ebay sales for over $300. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
6768 Posts |
For that auction, the seller is Colonial Acres, and what I seen from the past, their prices not speculative and usually lower, than everywhere.
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Valued Member
 Canada
299 Posts |
Thanks guys. @commems thanks for letting know that it was never sold by the mint. Didn't know that could ever happen  |
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Pillar of the Community
United States
2764 Posts |
Another aspect to look at beside the mintage (supply) is demand. If you look at American coinage, Lincoln Wheat cent 1909-S VDB at 400,000+, has the lowest mintage of the series, compare to the 2cents coins or 20cents coins, there are mintage that may be only 10% of the 1909-S VDB. However, price-wise, the 2cents coins and 20cents coins are at lot lower than the 1909-S VDB. WHY? The answer is in the demand, not many people know/like and collect the 2cents or 20cents series, on the other hand, there are millions of collectors collecting LWC. Going back to this case, even though there are less than 2000 coins made, how many people know/like/collect it. Also, does it fit into any particular series/set. Demand increase exponentially when the coin is part of a series/set verse a stand alone design. |
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Pillar of the Community
Canada
1502 Posts |
didn't have the appeal I suppose. I owned 3-4 of them but they were always the first to go when I needed to sell. Not a very perty coin.
SA4H nailed it with the demand
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Pillar of the Community
Canada
5324 Posts |
here is a perfect example of whats wrong with RCM policy of minting a canadian denomination coin for a private industry, if moniea royalle wanted a token or medal produced to honour jacques cartier that would be okay. creating this coin blurrs the line between tokens and real nclt coins. as the RCM has done again with the 3/4oz. war of 1812, 1.5oz. polar bear and 1/4oz. gold 1812 coins. |
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Pillar of the Community
Canada
2366 Posts |
This is complete speculation on my part but I've noticed Colonial Acres has a number of listings at relatively low prices recently. Particularly on commemorative coins. Maybe they're doing some kind of clear out sale?
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Pillar of the Community
Canada
1581 Posts |
Quote:
creating this coin blurrs the line between tokens and real nclt coins.
Most manufacturers don't sell directly to the public. And exclusive offerings for retailers from manufactures is the norm. If the Post Office released a Canadian Tire stamp sold only at Canadian Tire, would it then not be a proper stamp? As long as the NCLT is ultimately backed in the same way (which, remember, is almost NOT AT ALL), then how does this diminish NCLT? In the case of bullion, the mint doesn't sell directly to the public. So, how does creating a special offering for one seller make it any different? Think of these as a mint offerings through a specific channel. |
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Pillar of the Community
Canada
1502 Posts |
i don't understand the argument either
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Pillar of the Community
Canada
5324 Posts |
main point is the RCM or canada post although a crown corporation by extension represents Canada it should not create special coins or stamps for private industry. if you could meet the RCM minium orders could you commision a nclt coin with the queens and 5 dollar canada on one side and your company logo onthe other and thus the coin is legal tender. |
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Pillar of the Community
Canada
1502 Posts |
i see. and I agree in the case of the recent 3/4 and 1 1/2 oz silver coins. But, the 2009 Silver 475th Anniv. of Jacques Cartier's Arrival was minted, issued, and sold by the RCM. Right? |
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Pillar of the Community
Canada
5324 Posts |
the jacques cartier coin was a coin produced expressly for moniaie royale, it was never sold by RCM. original price was around 170.00 and as of 4 weeks ago they still have about 10 left at 275.00. also the 1/4oz. gold war of 1812 was sold by the RCM as a limited 2000 nclt coin but now is avaiable by one us dealer, how fair is this to the original purchasers. |
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Pillar of the Community
Canada
1502 Posts |
Ahh~ thanks for the info. I didn't know that. I've always thought that privately commissioned bullion didn't hurt and is a good idea for private citizens to have the chance to own something unique. The plethora of Privy Marked Silver Maple Leafs come to mind. The recent 3/4oz and 1.5oz coins are pushing it since Canadian collectors sometimes have no direct method of obtaining one. And I agree completely that when it comes to commemorative dollars that bear the country's mark.... why did the RCM even go there (aside from profit I guess...). I'm now even more glad I don't own one of these Jacques Cartier dollars. Ultimate power still rest on us collectors. |
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Pillar of the Community
Canada
5324 Posts |
thanks poboxw for getting my point, the ultimate power is for us collectors to email the RCM to stop this stupid policy. I am sure the us mint would not create this same scenerio. |
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Pillar of the Community
Canada
1581 Posts |
The mint authorized and officially produced all three coins under discussion here. The DISTRIBUTION method seems to be the sore point.
Is a sell-out in MC better than a single source that sells to all?
What about backdoor jobs?
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Replies: 16 / Views: 3,771 |
Posted 11/09/2012 1:25 pm
