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Should All NCLT Have Proportionate Fv?

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Anjohl's Avatar
Canada
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 Posted 03/09/2013  3:46 pm Show Profile   Bookmark this topic Add Anjohl to your friends list Get a Link to this Message Number of Subscribers
The $20 are marked up 100% over their PM content, should all NCLT.follow suit?
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dialog_gvf's Avatar
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 Posted 03/09/2013  4:44 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
And have a mintage of 250,000 for every one?
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Anjohl's Avatar
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 Posted 03/09/2013  4:46 pm  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
FV will help protect the resale value, and increase demand. Mintage has nothing todo with it.
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pocket change 50's Avatar
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 Posted 03/09/2013  4:55 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
Personally I think prices have got out of hand for average folk. A case in point the hummingbird with crystal. I saw it on the shopping channel and it's exquisite, but way over priced for its silver content. There's no way I can afford it, I need groceries before coins. The bullion is better value, but not by much on popular coins. I guess I'll need to stick with older affordable coins. I'm always amazed people can order multiples of a coin. I count myself lucky to get the half once O Canada half oz set. That is more affordable, but still twice spot. Governments have a good scam going, too many releases too collect and not enough money! Going from what people say, new releases can be had cheaper than release in a few yrs anyway. I see coin collecting also involves patience and self restraint. I love all the different perspectives people share on the forum. Rox
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pocket change 50's Avatar
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 Posted 03/09/2013  4:59 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
Oh I forgot other than Perth Mint what does PM stand for? I couldn't find it in the glossary. Rox
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Canada
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 Posted 03/09/2013  5:10 pm  Show Profile   Bookmark this reply Add tocoins to your friends list Get a Link to this Reply
@Pocket_change_50, PM = Precious Metal
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 Posted 03/09/2013  9:26 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
NCLT is addictive. Some addicts drink Lysol and some drink fine wine, some smoke garbage and some smoke only the best, kinda like coin collecting. 😈 It just depends on you're budget and self control.
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pocket change 50's Avatar
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 Posted 03/09/2013  10:15 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
Thanks for the heads up! I though it had something to do concern a certain silver variety oops! I went crazy in summer when I paid off my mortgage for 3 months. It's great because you
Still have an item that holds some value, as opposed to smoking/ drinking or my sons eating habits. My teenage son eats a coin collection a month. He's got a hollow body, not just the leg. I enjoy the picks people post, it's almost as good as owning the coin. So far people have been great. Rox
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 Posted 03/10/2013  1:14 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

Quote:

FV will help protect the resale value, and increase demand. Mintage has nothing todo with it.


The $20 for $20 is like regular money, where the FV > metal value. All other NCLT have FV < metal value.

When $20 for $20 came out, people were discussing it as whether it could be considered as money. Was it really legal tender? The boutiques will take them in payment, I believe.

I definitely see how boosted FV would backstop issue prices. It would also backstop a slide in PM for any issue. I suppose interest is interest, but that could change the dynamic of NCLT. The mint is in business, and if they could do this and it met with a major demand spike, they would boost the mintages to demand.






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