| Author |
 Replies: 58 / Views: 10,488 |
|
|
|
Pillar of the Community
 Canada
867 Posts |
On another thread about those Dino coins, MoneyPenny said in response to Lithanial: Quote:
"I should have listened to your advice. I bought quite a few of them and I was lucky to get rid of most of them at break-even prices or small losses. There is no interest on the secondary market for these coins. 30,000 coins is a lot to go around and the market could not absorb it." https://goccf.com/t/149917#1364196This seems to support the views of those who aren't thrilled about the mint releasing so many coins in such large quantities. It begs the question: Will the Dino's become extinct?  |
|
Pillar of the Community
Canada
867 Posts |
Hey folks! We only need 26 more votes to make this a scientific poll!  |
|
Valued Member
Canada
293 Posts |
I voted that it would adversly affect my collecting just because of the fact that it floods the market with oddles of coins, but I guess it also increases the chance of them producing a coin that I'm interested in. So I could go both ways I guess.
|
|
Pillar of the Community
Canada
3692 Posts |
The dinos look surprisingly good in person.
|
|
Pillar of the Community
Canada
867 Posts |
Over five months have passed since I started this poll, so I think it's time to see what you folks think now. I've brought it back up to the top.
Please vote!
|
|
Pillar of the Community
Canada
6768 Posts |
Interesting to return here after 5 month... still would say - IMO, no influence on the hobby in general. What I see now, the collectors will buy less, by choosing only "the item" for them, but it will be compensated by new collectors or public, who will be impressed by the variety and will spend not a few dollars for RCM products. I started to feel, that need to keep 'low profile' with the purchases, since growing number of the coins, sets...etc at least visually makes the whole collection less valuable. Last example, that I really feel it - additional Maple Leaf fractional set within 1 year (put something else on the coin...but not again SML). |
|
Valued Member
Canada
333 Posts |
My opinion: adverse effect. I seriously started collecting nclt about 9 months ago. I found myself buying everything that was nice, low mintage, first in series and coins that got tremendous hype from here and rfd, I had to stop, as all my disposable income was going to Visa to pay RCM. I have since only gotten silver dollars for my commemorative collection and 20for20 as presents. |
|
Valued Member
Canada
480 Posts |
If your a person prone to impulse buys this hobby can be very, very expensive. I can't deny it, I've bought coins on pure hype in the past. The RCM's marketing team deserves every penny they earn. |
|
New Member
Canada
40 Posts |
As a recent collector (4 months +/-) I find the amount of coins coming up monthly to be overwhelming. At the very least because I've spent a ton on some really neat items that have come out over the last ten years. Playing catch up on those as well as trying to keep up with the barrage of releases lately has been pretty expensive.
Granted no one is holding a gun to my head saying I HAVE to get everything new that I like but I feel if I don't, the price will skyrocket like the Tulip/Ladybug coin and I'll end up paying 4 or 5x issue price.
|
|
Valued Member
United States
91 Posts |
The very first coin I bought was the Animal Architect Bee coin which a lot of people did not like. I personally love it and enjoyed reading about the artist (Yves Berube). I just placed my order in for the 2nd in the series. Other than that, I bought a few of the $20 for $20 coins, but that's it. I think the RCM has something for everyone to enjoy. However, only a very few will make collectors any money, like anything else |
|
Pillar of the Community
Canada
2366 Posts |
@kwest - Just remember that the Ladybug is the exception, not the rule. The long term trend for NCLT is down in most cases.
|
|
Pillar of the Community
Canada
3692 Posts |
I think it would be cool to mint coins that depict a cartoon cell one at a time. That way they each coin is unique but still a series. LOL imagine the cost for the dies, though. Still a cool idea.
|
|
Pillar of the Community
Canada
867 Posts |
@ Libertad I'm not too sure sure what to make of your post... It does not seem to relate to the subject matter of this poll or thread. @ you folks who have already voted and or commented: Thank you! So far the consensus seems to be (67% of you) believe that the mint releasing so many new coins is having an adverse effect on our hobby. For those of you who have not yet participated, please make your opinions known.  |
|
Pillar of the Community
Canada
3692 Posts |
Nothing. Ignore my futuristic babble.
But thinking about this thread once more, I finally voted on it. I say "adverse effect" because although NCLT may entice new collectors into the market by becoming custodians of our numismatics, their resources will be drained because they hold NCLT and not real numismatic coins that once circulated (including patterns and tokens). We all owe it to each other for being able to care for these coins until future generations are responsible enough to own them. In that light we all collectively own an impressive collection which we trade ownership to each other. If new collectors have only NCLT or only have interest in these the hobby will suffer, IMO. They're good "starter coins" but education is pretty key for the furtherance of this hobby.
|
|
Valued Member
Canada
330 Posts |
Ok, maybe I'm missing something but I couldn't figure out how to actually vote. My vote would be "Positive" effect. This is my opinion: 1. New releases in many different genres/themes attract more collectors. This helps to grow the hobby and the investment in it. This is a good thing for all collectors. 2. Variety is good. Having more choices is positive as long as the quality/integrity of each item is upheld. Really, who would want to have less choice? 3. More revenue at the mint is a good thing for all collectors. As any business, this will leave them with more capital to invest in new technology/techniques for minting coins. It's a win for the RCM collector. 4. The inherent risk of more releases means that there will definitely be an increase in coins that "flop". I mean there are only so many collecting dollars to go around. However, this too can possibly create another unique opportunity for a coin to appreciate. If it's produced at much less than the posted mintage, there could be opportunities for certain coins to appreciate if they become popular later. These would be rare occurances but will still exist. I know there are arguments about diluting the brand and I do agree with that. I think there are alot of collectors that are torn because there are coins they would like to collect but their funds can only go so far. This is frustrating by missing out on items you want to collect but it's just not fiscally possible. I combat this by only buying what I like and what I think won't be as prone to losing a lot of money down the road. I'm usually at peace with my decisions and limitations. As an overall determination of whether more choice is positive or not, I think the positives out weigh the negatives. Again, just my opinions. |
| |
Replies: 58 / Views: 10,488 |
First Page
Posted 05/22/2013 12:31 pm
