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 Replies: 69 / Views: 9,333 |
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Pillar of the Community
United States
3789 Posts |
I will be brief here but I would like the thoughts, opinions of my fellow members here. I been observing with great fondness for a year now the prices and supply of the RCM mint products. It is a jaw dropping amount of product they crank out month to month. They also have a wide and diverse offering and their crafting of many of these coins is very beautiful. Now here is my point- Most RCM coins do not appreciate in value. To me and in observing prices, if I was going to speculate on buying RCM coins for increased value down the road,,,(speaking in terms of NCLT) my target would be to solely stick to the coins that sell out at the RCM and continue to move higher in the after market, such as ebay. Thoughts and opinions please and thank you my dear friends. |
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Pillar of the Community
Canada
6768 Posts |
With current situation with RCM products - huge amount, different themes and finishes / techniques - the way to be able to maintain the collection is to be extremely selective in all the items. To move from the attitude "buy what I like" to "buy what I really need for my collection". Now, with the approach below: Quote:...To me and in observing prices, if I was going to speculate on buying RCM coins for increased value down the road,,,(speaking in terms of NCLT) my target would be to solely stick to the coins that sell out at the RCM and continue to move higher in the after market, such as ebay. You may found yourself with the coins, that gained some appreciation in the price, but they all different, and you will miss under-appreciated coins, that actually the "gems". In addition, people mentioned here: many sell-outs are artificially created, not easy to predict, which coin will be appreciated in the future. Added: Some addition to my thoughts - for gifting the coin, in case if it not theme related (Superman, Christmas, Wedding,...etc), yes, it better to stick with the coin that has a potential to be appreciated in the future. Edited by Silveroid
12/12/2013 11:35 am
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Pillar of the Community
Canada
5324 Posts |
As earlier mentioned sellouts mean nothing due to too many commissioned coins, they are being discounted by the original dealers. 2013 two hot series coin, Superman gold, and maybe the butterfly coin, everything else been discounted, sign of times, next year many more planned coins.
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Valued Member
Canada
246 Posts |
I think the market has it's peak in 2013 in the first three month... After this, lots of new release come to awaiting stock and been available 1-2-3 weeks after... With the monthly release and all the coins they release this year, it's a huge amount of coins to sell... They produce more coins and they also upgraded their prices... If they intend to release more coins in 2014 and push their price higher again, I think the strategy was to wait discount with dealers... Except if you fall in love with a coins and wish to not take chances, you should by at the release... Also, I predict after the success of superman they will release another superhero for 2014... I'm sure they will find a way to capitalize on this success...
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Pillar of the Community
Canada
3690 Posts |
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Pillar of the Community
 United States
3789 Posts |
... as an example, look at the Ducks Unlimited Mallard silver coin. Sold out at the RCM,,,, and while I see a few dealers have them in stock, its had NO problem at all commanding and holding a higher price in the after market. I have spotted and observed other coins doing the same thing. |
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Pillar of the Community
Canada
2124 Posts |
Well, it seems that with the first coin in many series, you could make a profit (appreciate in value as you say).
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Pillar of the Community
Canada
2984 Posts |
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Pillar of the Community
Canada
2124 Posts |
I said "many" not "all". Many is many and all is all.
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Pillar of the Community
Canada
2366 Posts |
Buying NCLT for profit is like buying a lottery ticket. Sure somebody will win, it just won't be you. Even the ones that go up in value come back down again and if you miss the window then that's it. Look at the $3 Beaver coin. $250 list price last year, $150 this year. The odds are against you. As the OP implied; this is speculation not investment. p.s. I own almost every NCLT the RCM has produced. I expect to die broke.  |
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Pillar of the Community
Canada
2984 Posts |
The correct term for first in the series coins should be "some". Some first coins appreciate in value but not "all", or "many". Fewer and fewer 1st in the series coins are appreciating in value. The Lake Superior coin has been a dud. There is no action on ebay for it and the ones that sold are below list price. Like this one that sold for $81.50: http://www.ebay.com/itm/Canada-2014...em4d15c32b26Even the hot Spring Canopy coin has dropped drastically to the $100-$115 range. |
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Pillar of the Community
Canada
1823 Posts |
The only way is if silver goes to $100 oz  |
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Pillar of the Community
Canada
2366 Posts |
Wasn't that the prediction by the end of 2013? And gold was going to break $2500? |
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Pillar of the Community
Canada
6768 Posts |
In the three years of active NCLT collecting, I saw, that almost every, even rare NCLT (i speak more about silver coins) coin could be bought in the secondary market, ebay - huge source for it. This fact tells me, that the NCLT needed only for small circle of collectors, and even limited mintage could cover them all. So why people (not the dealers) sell these coins? They do not want to hold the coin anymore and prefer (or need) the money. Or they have the target to resell the coin with some profit. In both cases, the buyer only can decide for which price he wants to get the coin, and since the NCLT is not the item for primary needs, theoretically, I do not know the reason, why all the byers will not stop buying overpriced items, till the prices will crash down. It suppose to happen, cause first will start to reduce the prices sellers that need the money and want to get rid of unwanted items... |
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Pillar of the Community
Canada
3690 Posts |
Three years is a short period in collecting. I doubt the 1948 dollar was worth more than a dollar in 1951. Will modern NCLT follow the trend of 1948? Probably not, but who knows for sure? If you do, please private message me the numbers for tonight's Lotto Max draw.
There has always been a lot of mastication surrounding investment and collecting. I think the difference is the influx a year or two ago of pure speculators. Suddenly, there was a quick buck to be made selling coins and true flippers moved in. I'm talking about people who buy items (Lego, Playstation, Xbox, iPhone or other smartphones etc) purely for resale. The item doesn't matter. It could be anything; it's all about flipping it quickly at a (often unreported) profit and getting out before prices drop.
That opportunity in NCLT seems to be gone. You can see it here on this forum and other forums. Many of the pure flippers have moved on to other things.
That doesn't necessarily mean that long term, collectors can't see appreciation in their collections. Collecting has never been about short-term.
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Pillar of the Community
Canada
2124 Posts |
MoneyPenney I thought you wanted to talk seriously.
The Lakes coin aren't sold out at the Mint and have just been released, you want an immediate appreciation? You're in the wrong business.
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Replies: 69 / Views: 9,333 |
Posted 12/12/2013 11:02 am
