Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

How To Monetize Your Choice With Monthly Release

To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 1,443Next Topic  
Valued Member

Canada
246 Posts
 Posted 03/26/2013  6:20 pm Show Profile   Bookmark this topic Add Mlalonde1977 to your friends list Get a Link to this Message Number of Subscribers
I think I come to a decision on my side with all the coins the RCM are release... It's too much for me now, I have to make choices and for the future, I'll not enrolled in any more subscription... Today I cancel my 1oz and 1/2oz subcription... I'm not a millionnaire and looks like the mint think we are... Too much coins in a short period of time... I also cancel the Grandmother mask, too much money even if the coins looks good... I look at my credit card transaction of the last month and it's the first time I have a heart attack :)

Seriously, I'll not be less happy having less coins and I'll appreciate much for the one I choose instead of the quantity... I don't know if anybody here live the same situation about all those releases... Unfortunately the market grab all the release but one day It'll become to a normal way like it was in the past...

Valued Member
falcon's Avatar
Canada
457 Posts
 Posted 03/26/2013  6:39 pm  Show Profile   Bookmark this reply Add falcon to your friends list Get a Link to this Reply
It's always a good thing to have self-control and not get caught up in the moment.
For my self its a bit easier as the only thing I collect is loons, ..... quarters, ..... silver dollars, ...... penny's, ..... 1 ounce silver coins and ..... grany bait.....
oh crap this is out of control
Valued Member
Whitetail Junkie's Avatar
Canada
312 Posts
 Posted 03/26/2013  6:40 pm  Show Profile   Bookmark this reply Add Whitetail Junkie to your friends list Get a Link to this Reply
There are some pretty pricey coins in this April release for sure!....I quit collecting firearms because it was to expensive,so I got into coins.....Not much of a savings,so far......Got the butterfly coin,thats it.
Valued Member
Canada
246 Posts
 Posted 03/26/2013  6:48 pm  Show Profile   Bookmark this reply Add Mlalonde1977 to your friends list Get a Link to this Reply
When your have a bigger monthly payment for coins compare to your car payment, Houston, we have a problem!...
CCF Master Historian of USA Commemoratives
Learn More...
commems's Avatar
United States
12263 Posts
 Posted 03/26/2013  7:41 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@Mlalonde1977: I completely understand where you're at. The number of issues being released by the RCM these days makes it difficult to know where to focus. Maybe reading about the approach another collector has taken will help...

For my collection, I focus on coins with a historical theme vs. those with designs of birds, insects, mammals, flowers, etc. So, I mostly just buy the commemorative silver dollars that the RCM issues each year, but I sometimes supplement these with historically important issues such as the recent silver coins for the War of 1812.

I began working on a set of silver dollars in the mid-1990s and each year would purchase the new issue released by the RCM; I collected the Brilliant Uncirculated versions. When they started releasing "Special Edition" proof dollars that were not available in an uncirculated version, I purchased them as well so that I would have an example of each design type. Over time, I back-filled my collection by purchasing all of the specimen/uncirculated silver dollar coins the RCM issued from the period before I began collecting the new issues (i.e., from 1971 to 1993).

A couple of years ago, I decided to "complete" my collection by adding an example of each regular edition proof commemorative dollar from 1981 on; I also added each of the colourized and gold-plated coins.

Now that I've "caught up" with all the previous issues, it's fairly easy to keep my silver dollar set up to date â€" it requires the purchase of only four or five coins each year. I find that having a particular focus â€" and sticking to it â€" makes my collecting pursuits more enjoyable.

Hope this "food for thought" is helpful to you.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Valued Member
Canada
292 Posts
 Posted 03/26/2013  8:05 pm  Show Profile   Bookmark this reply Add cookiecutter to your friends list Get a Link to this Reply
While I haven't been seriously collecting for long, most of my energies are put into circulating coinage. For NCLT I try to only collect coins I like or think are pretty, or have some relevance with my life. That essentially eliminates most of anything to do with history and the queen. While I know my collecting preferences won't land me any money should I try to sell the coins in the future since they're a ragtag lot, I at least have coins that I enjoy looking at, even if they were more than what I wanted to pay.

I usually cull the coins every now and then as well. If I haven't ogled over it in the last few months, I try to sell it or give it away as a gift. There is a sense of feeling lightened when you declutter your coin set. This way, my credit card bill thanks me.

Though, I did get caught up in this past round of coin releases because so many were so nice.
Valued Member
kenney's Avatar
Canada
316 Posts
 Posted 03/27/2013  12:52 pm  Show Profile   Bookmark this reply Add kenney to your friends list Get a Link to this Reply
I can related with what you're saying. I like silver coins and sets but at the rate the RCM is pumping them out, I made the decision to buy what I like and not try to put sets together. I have no intention in selling my coins so why buy a coin in a serie of let's say the queen if I don't like it. I'm more selective of the coins I buy.
Valued Member
Canada
246 Posts
 Posted 03/27/2013  1:54 pm  Show Profile   Bookmark this reply Add Mlalonde1977 to your friends list Get a Link to this Reply
I think the selection is the key... I know for sure that when the market will slow down, lots of people will get off collecting and flipping coins and at this time lots of coins that are selling twice as the issue price will come back to reality and the RCM will come back to quarter release... Until then, we have to be more cautious about what we want in our collection and select the coins we appreciate much with all the bunch the RCM release...
Valued Member
Canada
105 Posts
 Posted 03/27/2013  2:07 pm  Show Profile   Bookmark this reply Add silverrocket to your friends list Get a Link to this Reply
For this year, there will be 11 set of new releases. Most coins will depreciate in value, but there are always a few that do extremely well.
  Previous TopicReplies: 8 / Views: 1,443Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.45 seconds to rattle this change. Forums