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 Replies: 1,474 / Views: 155,058 |
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Pillar of the Community
Canada
2124 Posts |
Not to make customer happy, just because it's CORRECT.
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Valued Member
Canada
127 Posts |
I guess I under-estimated Superman Gold going to $1500 in my previous post last week. What makes this coin special is the combination of low 2,000 mintage and worldwide demand. The negative factor was initially the high price. We have other examples of low mintages (eg. 250 issued platinum $3,000 coins, etc.)but their prices rarely move up since they started expensive and did not have broad appeal. Another example is that there must be thousands of BU 1948 silver dollars (ICCS alone has certified over 1,000) but because it is prized by collectors, they garner $1,500 - $17,000 in the market and have minimal bullion value.
My big question is why did the mint sell this at such a small premium to its bullion value. For example, they sold the relatively plain Gold - Pronghorn (Mintage: 1500 (2013)) for $649 at about 2 times its bullion value. It has $330 of bullion and I doubt there was much cost to design and license this coin. Meanwhile they sell Superman Gold for $750 at about 2.3 times bullion value (gold and silver - 14k). Did the licensing and extra design cost only cost the mint an extra $100 per coin? Are we to assume they only paid $200,000 ($100 times 2,000 coins) to make this a well packaged, multi coloured, highly marketed coin. I think the mint goofed. It should have been issued at more than $1,000.
Conclusion - there is no reason to assume this coin is ever going to be valued at less than $1,500. Once things get a reputation of being highly collectible and the supply was small to begin with, values tend to hold up.
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Pillar of the Community
Canada
541 Posts |
when everyone gets their hands on the gold maybe this forum will calm down..lol....next to RCM ..eBay is arguably [ha ha] the safest place to order hot coins! ebay Sellers are the most victimized by the eBay/PayPal monster. If I sell a coin on ebay for 1800.00 and then cancel the completed transaction because I decided after all that the coin was worth 3,000.00 then I will get severely punished especially if the coin has been paid for. ebay will keep the final value fee and Paypal may decide to start holding your funds for 21 days..Even if you cancel a transaction in the middle of the auction with bids on it they may decide to keep the final value fee. The buyer can of course leave neg feedback and low ratings which will hurt your seller dashboard ratings...Ebay is getting tougher on Sellers by the minute.Any ebay Seller who sold low priced gold superman at the beginning would pay heavily for cancelling... |
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Pillar of the Community
Canada
640 Posts |
Tough business world out there. lol
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Pillar of the Community
Canada
541 Posts |
@pfrien....RCM made the same mistake most people make with regards to Superman mania....they underestimated the popularity in modern times..There have been tons of Superman productions like Smallville.. and lately the excellent movie ..Man of Steel.....And the coins are beautiful even to the most skeptical comic book dealers!.....The Canada connection via Joe Shuster is not well known so the RCM went out on a limb with this series in the first place....we can relate, as Canadians, to Maple leaves,,Beavers and Weagles..(thats a cross between a wolf and an eagle] but Superman as a Canadian subject for coins must have caused a lot of debate within the inner fortress of Solitude of the RCM. They gambled and won. This time! |
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Pillar of the Community
Canada
5324 Posts |
If the RCM showed the iconic image on this coin, it would not have made it out of mc release, almost everyone was worried about the design. |
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Pillar of the Community
Canada
685 Posts |
Quote:
I guess I under-estimated Superman gold going to $1500 in my previous post last week. What makes this coin special is the combination of low 2,000 mintage and worldwide demand. The negative factor was initially the high price. We have other examples of low mintages (eg. 250 issued platinum $3,000 coins, etc.)but their prices rarely move up since they started expensive and did not have broad appeal. Another example is that there must be thousands of BU 1948 silver dollars (ICCS alone has certified over 1,000) but because it is prized by collectors, they garner $1,500 - $17,000 in the market and have minimal bullion value.
My big question is why did the mint sell this at such a small premium to its bullion value. For example, they sold the relatively plain Gold - Pronghorn (Mintage: 1500 (2013)) for $649 at about 2 times its bullion value. It has $330 of bullion and I doubt there was much cost to design and license this coin. Meanwhile they sell Superman gold for $750 at about 2.3 times bullion value (gold and silver - 14k). Did the licensing and extra design cost only cost the mint an extra $100 per coin? Are we to assume they only paid $200,000 ($100 times 2,000 coins) to make this a well packaged, multi coloured, highly marketed coin. I think the mint goofed. It should have been issued at more than $1,000.
Conclusion - there is no reason to assume this coin is ever going to be valued at less than $1,500. Once things get a reputation of being highly collectible and the supply was small to begin with, values tend to hold up.
well said! |
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Pillar of the Community
Canada
548 Posts |
@ pfrien You answered your own question. You can be darn sure DC Comics charged RCM a heavy licensing fee for the Superman likeness and name, a fee RCM would have had to pay up front, irregardless if the coins sold or not. Most of the value in characters like Superman are in their licensing rights, that's why Time-Warner owns DC and Disney owns Marvel. |
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Valued Member
Canada
299 Posts |
I wonder which superhero is next on the list for the RCM?  |
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Pillar of the Community
Canada
541 Posts |
it wont be Captain America,,,you can bet the US Mint will be releasing that one this year in 999 gold ..... lol
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Pillar of the Community
Canada
548 Posts |
Batman would be the logical choice, although I can't think of any Canadian connection to him. Not that that should bother RCM though - the success of the Superman coins have little to do with their rather tenuous connection to Canada. |
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Pillar of the Community
Canada
2984 Posts |
Quote:I wonder which superhero is next on the list for the RCM None because there is no other major superhero with ties to Canada like the one with Superman whose co-creator was born in Canada. Now, if only Stan Lee of Spiderman, was born in Canada.... |
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Valued Member
Canada
329 Posts |
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Valued Member
United States
421 Posts |
I like that MoneyPenney! Screw the affiliation & just pay licensing to whoever. US is too lame to come out with anything innovative like that, they can't even pass a budget!
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Pillar of the Community
Canada
541 Posts |
I think Joe Shuster should be given much of the credit for the Superman series success. He dreamed up the designs on the Superman Gold and he was born in Canada and attributed the Metropolis idea to his experience of Toronto..after all he probably never actually saw New York. So whats with the downplaying of the Canadian connection to Superman anyway? How much more Canadian could he be? The Comic book industry was an American industry that required him to live and work in America. Most of us only became aware of this Canada Connection due to the RCM Series.He has previously been given awards by Canada Comic Industry....Id expect these types of comments from US collectors but its tiresome hearing it from Canadians...... |
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Replies: 1,474 / Views: 155,058 |
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Posted 09/22/2013 11:06 am
