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 Replies: 1,474 / Views: 154,969 |
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Valued Member
Canada
126 Posts |
I agree with all that CC-Ottawa... I didn't like the look of the coins, nor the theme, but almost got sucked into buying one of the holographic ones because of the hype. I think these coin collecting forums have a big impact on which coins become 'hot' initially, and I also think a lot of big sellers understand that. Most people that talk about profits from coins on these forums are looking for quick flipping profit, so it is in their best interest to make coins seem 'hot' and encourage others to spread that message.
By the way, hockey is a great comparison.
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Pillar of the Community
Canada
2984 Posts |
There are millions of hardcore Star War fans too, yet I did not see the New Zealand issued Star War coin selling for much of a premium. I doubt they sold out at all.
Actually I see some of the early Star War toys selling for more than the coins.
To suggest all Superman fans are going to run out to buy a $5000 coin is a bit of a reach. In a bad economy like now, $5000 is a lot of money.
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Pillar of the Community
United States
1026 Posts |
You also need to bear in mind that these coins are overpriced, even by RCM standards. Typically, 1oz $20 colorized silver coins sell for roughly $80-100 - these are up to $129.75. Okay, the packaging is nicer, but the mintage is higher (10-15k). Other than the gold coin, which will come down in price again sometime, I think you'll lose money if you buy to flip. Also, bear in mind these coins will be a pain to ship and are prone to damage during transportation. I do wish all luck though with their purchases, but I decided not to buy any (although I was tempted!). :) |
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Valued Member
Canada
330 Posts |
This is all really just conjecture on everyones part.
The market will show the true value in time and many folks will be able to say "I told you so" one way or the other.
Selling price is showing a steep upward trend. What remains to be seen is if it's sustainable.
It really is amusing (to me anyhow) to see the diverse feelings towards this coin issue. Some absolutely love them and others hate them. This has been a very polarizing release.
One thing's for sure, they've been popular.
The mint has sold close to 82,000 coins related to Superman in just over a week.
I'm not including MC release because there were no pictures available (who buys a coin sight unseen?) and a good majority of Superman fans didn't have direct access until last Monday. Either way, that's an impressive number for highly priced initial release coins.
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Pillar of the Community
Canada
1581 Posts |
I'm not sure why people expect popular themes to cross media. Why is a comic book/movie character necessarily a hot coin theme? Are there lots of coin/comic book collectors?
Hockey game fans/coin collectors?
In the end the coin media has to appeal to the fanatic. There are a lot of huge themes that may no sense as coins:
Grand Theft Auto
One Direction
Was there a Psy Gundam Style coin last?
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Pillar of the Community
Canada
685 Posts |
Quote:
Was there a Psy Gundam Style coin last? I must buy this coin |
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Pillar of the Community
Canada
1581 Posts |
Quote:
Mintage - Superman 2,000. Ladybug 5,000. Clear winner: Superman
By that logic, any of the 10-20 gold mintages are the ultimate winners. A better way to look at it is the revenue of the mintage. It represents the investment by the community. All things equal if the community is willing to spend $X for one coin, they would be willing to spend $X for another. Ladybug: 5000 x $129 = $645,000 Superman gold: 2000 x $750 = $1,500,000 Horse 1kg: 18 x $69000 = $1,242,000 There is near zero intrinsic value in a Picasso, or a letter signed by Lincoln, or a 1936 dot cent. Bringing the precious metal value into the discussion each time for NCLT is silly. NCLT is a majorly stupid way to invest in precious metals. Edited by dialog_gvf
09/18/2013 3:00 pm
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Moderator
 Canada
10464 Posts |
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NCLT is a majorly stupid way to invest in precious metals. Well said. I could not agree more... unless you cross into the world of pre-1960 proof-like sets, or pre-1971 specimen sets. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
116 Posts |
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NCLT is a majorly stupid way to invest in precious metals.
+1 on that!
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Valued Member
Canada
292 Posts |
Initially, I had resisted buying a Superman coin simply because I thought it was all hype. But after visiting my dealer and seeing these in hand, I picked up a few. The cases are great, the images are fairly crisp, and they're just a fun coin to have.
The gold coin seems to be the hot coin (possibly for flipping by people?) While I was at my dealer's at least 5 or more people called inquiring if he still had the gold, and a few walk-ins showed up asking. By the picture, the gold coin looks great, but the actual coin in hand isn't as impressive as I thought it would be. The Superman image looks like a bubble sticker applied. And, it seems like the COA was an afterthought. It doesn't quite fit into the case, so they placed it into a small ziplock bag inside the box. The entire package is so light in hand, you'd be surprised to even find anything in there
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Valued Member
Canada
330 Posts |
You can absolutely look at each point and pick it apart on an individual basis. Put the items together and it makes a better argument. Much like baking a cake or proving a criminal case in court. It's the collective that creates the whole. Using words like "silly" and "stupid" about precious metal content on an NCLT coin is your opinion. The point still remains, it is a factor in the product. I don't think anyone collects NCLT as a precious metal investment but it is a factor that almost every collector considers as part of the coins perceived "value". The purpose of my comparison is to show that the Superman coin has a lot going for it that could and has temporarily at least lead to it being a high demand item. I would suspect that many don't like this coin because to the purist, these coins are "gimmicky". I look at it another way, diversity is good and has definitely breathed new life into a hobby that needed some new ideas and blood in it. Change for some is hard but this seems to be the new direction that the hobby is taking. For better or for worse is up to you and your opinion to decide. You can either enjoy the ride or get off the bus, the choice is really yours. With the increased revenues, I don't see the RCM changing their direction any time soon. |
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Pillar of the Community
Canada
685 Posts |
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Pillar of the Community
Canada
541 Posts |
Superman $75 Gold is already pushing the 1500 level and I notice that fewer gold coins are for sale now...early days..buyers are just starting to get their hands on them.....a good buy at 1500 as far as the NCLT coins goes .......each to his own. RCM has entered the Art/Craft Market utilizing hi tech effects on their coins. Like all Art some of them will better received than others. I think Superman is the symbol that best represents the Comic Art genre and is known and respected worldwide as the ultimate good guy...So the market potential is huge which should drive prices in an upward spiral... the gold coin is a sure bet |
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Valued Member
Canada
480 Posts |
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Pillar of the Community
United States
2408 Posts |
 100% profit - or close. |
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Posted 09/18/2013 2:14 pm
