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 Replies: 15 / Views: 1,739 |
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Pillar of the Community
United States
924 Posts |
Why are Canadian uncirculated sets so expensive? The 2013 set has six coins for $24.95.
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Pillar of the Community
United States
1002 Posts |
They are because they have enough buyers for them at that price. There is that group of collectors that have to have their annual sets. (myself included)
Up until 2011 the coins in these sets were of better quality than the regular circulation coins. Starting in 2011, the coins in these sets are normal circulation coins with bag marks, etc.
I agree, a big markup for the packaging on $3.90 of regular circulation coins.
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Pillar of the Community
 United States
924 Posts |
It looks like buying these sets is not a very economical way to start collecting Canadian coins.
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Pillar of the Community
Australia
2180 Posts |
They're more expensive in Australia: $32.50 for six coins.
The issue price has risen over the years and I assume it's because production costs increase while face value of the coins stays the same.
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Pillar of the Community
Canada
3167 Posts |
Welcome to Canada  No, like canuk said, thats what people will pay (not me) |
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Bedrock of the Community
Australia
21788 Posts |
The result of optimim price policy to yield the greatest profit. I would assume that the Mint reviews the sales performance and cost of production of all of their products.
Sell more at a lower price and profit is less. More labour and materials are needed to produce them.
Sell less at a higher price, fewer people buy, the profit is less
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Pillar of the Community
Canada
1581 Posts |
Quote:
The issue price has risen over the years and I assume it's because production costs increase while face value of the coins stays the same. Here the production costs dropped like a rock, when they abandoned specially prepared dies and planchets, on lower speed presses, and now package business strike output in plastic. They are all plated steel, so the production cost is probably under $1. Except for a few examples the secondary market never really embraced the NBU/PL post-silver. The collector market seems to be fixated on high grade business strikes, with the far superior quality NBU stagnating at or below issue price. |
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Valued Member
197 Posts |
Buy them on the secondary market much later. Like most RCM products, the value falls pretty quickly as time marches on. Granted, there are some that appreciate, but they are few and far between. |
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Bedrock of the Community
Australia
21788 Posts |
I think that is the experience of most new mint product buyers throughout the World from all mints. In most cases the mint takes most of what would have been a secondary market profit.
That does not mean that you should not buy NCLT mint product if you like it.
There is also little scope for re selling normal numismatic items in the normal scheme of things, for a profit soon after. That is unless you buy cheaply, as most dealers have to do to make normal commercial profit.
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Pillar of the Community
United States
924 Posts |
I'm not familiar with other countries mint product offerings. I was comparing them to the US. The US uncirculated set in 2012 had 28 coins (11.32 face value) for $27.95. Not sure what the 2013 price will be.
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Valued Member
Canada
165 Posts |
You can always wait for circulation commems. The RCM issues loonies, toonies and quarters a few times a year at face value, free shipping for Canadians! |
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Valued Member
Canada
165 Posts |
...my avatar is a fine example. It was a set of 5 coins I purchased in 2011.
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Valued Member
Canada
335 Posts |
It depends what sets they are, I have coin dealer that sells coins sets from 1968-1993 for between 6-11 each, not bad since they are all unc.
I agree, the new sets are very high in terms of pricing.
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Pillar of the Community
Canada
1581 Posts |
Issue prices 1968-1993: $4.00 - $9.50
Inflation adjusted: $26.23 - $13.56
So, ALL have fallen in value substantially, not even maintaining close to issue price (inflation adjusted).
Edited by dialog_gvf
02/23/2013 12:21 pm
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Pillar of the Community
Canada
1700 Posts |
It's because people continue to buy them.
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Pillar of the Community
Canada
1700 Posts |
Also, I'm sure the rent of the Downtown Vancouver boutique is very expensive.
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Replies: 15 / Views: 1,739 |
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Posted 02/21/2013 5:45 pm
