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 Replies: 15 / Views: 2,675 |
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Pillar of the Community
United States
3789 Posts |
I do like the RCM coins. But, as has been talked here at length, prices can be found better AFTER the release. Only a handful of coins are really worth buying right out the gate. I have found that its better waiting weeks, months,, even close to a year before buying thse coins. Many coins I find in fact are already getting graded.... and at lower prices than the initial release. Anyways, thats how I feel. I want to ramble here for that reason. I like many series that the RCM has released, one of my favorites is the Untamed. But I found much better deals just waiting patiently and stalking. |
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Pillar of the Community
Canada
726 Posts |
 a concrete example of what yu say.......The mints Calgary 25c plus stamp set (With sadle) from say 2 years ago,,,,,I saw it today at colonial Acress for 3 or 4.oo less than the price 2 years ago......  I like canada's coins as well.........  Edited by persistnt
01/18/2014 5:32 pm
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Pillar of the Community
Canada
2984 Posts |
I agree with the OP, I bought the Gold Plated 25th Anniversary SML from Colonial Acres for only $93.75, list was $109.99 at the Mint.
Wait long enough everything will cheaper than issue prices.
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Pillar of the Community
Canada
6768 Posts |
Isn't it similar to buying outdated items, that price for them already reduced?
Personally, I have no issue with this, but for many (and the Mint itself) the coin is current / "innovative" / "cool" just after the release, and after......another coin minted.
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CCF Master Historian of USA Commemoratives
 United States
12282 Posts |
All of the comments posted point to the fact that Canada's NCLT coins should not be purchased as an investment. Many are attractive collectibles, but that's about it. Their value comes via the "joy of ownership." PS: This comment applies to the NCLT of just about every world mint, not just the RCM. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
871 Posts |
I say, "buy what you like".
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Pillar of the Community
Canada
532 Posts |
It's what happens when the mint tries to be everything to everyone. it would be nice if they destroyed any un-bought sets after a period of time as a bonus to thoes who put their money out for their sales venture.
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CCF Master Historian of USA Commemoratives
United States
12282 Posts |
Quote:
it would be nice if they destroyed any un-bought sets after a period of time as a bonus to thoes who put their money out for their sales venture. They do. After a one-year sales period, coins are "Archived" and remaining stock is destroyed. Years ago, the RCM dumped remaining inventory on the market at discount prices, but they do not do that anymore. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
5324 Posts |
Any idea what year the RCM started the policy of after 1 year of sales and melting the old stock? |
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Pillar of the Community
Canada
2124 Posts |
I agree with the OP in 95% of cases.
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New Member
Canada
22 Posts |
Very true, I find that for the past year or so, nothing has went up in value. Too many collectors? Too many offers? Even trying to sell some pieces at purchase value is a chalenge...
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Valued Member
Canada
68 Posts |
I have pretty much stopped with buying mint stuff at issue also. I understand the mindset of "collect for the enjoyment not for the investment", but the problem I have is its hard to justify the prices they are charging for coins that are not rare, nor do they hold investment potential.
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Pillar of the Community
 United States
3789 Posts |
Silverleaf pretty much hits the nail on the head. They should at least hold their value. So, as I stated I am only buying ones I like but way after they have been released by the RCM. |
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New Member
United States
22 Posts |
1. The RCM intends to profit from sales so they price items to maximize profit. This means that if there are people out there that are willing to buy big lots of coins/sets on a gamble, then so be it. The RCM is not concerned that buyers will make a profit. 2. You should make a choice as to whether you are an INVESTOR or a COLLECTOR because the goals of either pursuit are very different. A collector wants to own whole sets. An investor wants to own coins that will gain in value. A COLLECTOR will possibly make a little money in the long term but his chances are far less than for an INVESTOR. This is an important distinction that all to few people realize and leads to disappointment for many collectors who had hoped to make a far greater long term profit. The people who focus on GEM quality coins and key issues act more like investors and, provided that they were halfway careful about their purchases, are much more likely to make a long run profit. 3. I like to select issues that have appeal from more than one quality. I like large-sized coins made of silver (preferably full ounces of pure silver or made of pure gold), with low mintages and with particularly interesting depicted subjects. A good example is the 2009 Summer Moon Mask. (e.g. note that a low mintage can make an ugly coin look pretty good.) |
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New Member
United States
22 Posts |
P.S. I try to buy coins "with legs" left in their current pricing, as close to bullion value as possible. (By "legs" I mean coins that are not currently over-priced and seem to promise to gain in value in the future.)
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Pillar of the Community
United States
3789 Posts |
Yea I pretty much agree with Bee. The bottomline is this- The RCM wants to flood the markets with coins because too many people are willing to buy these coins full price. So OK, thats fine. However, they wont get me to pay full price. I;ll wait for the marketplace to decide what is truly a hot coin. To me, the best place for finding that out is ebay. If a coin is hot, the price will say it all. Everything else, I will do as I have been. I keep a long list of what coins I really HAVE to have. All others, go into a list I call "stalk". These coins are nice but I refuse to pay up for them. Rather, I will stalk ebay for days and keep a running tally of both auction prices and dealer prices. From there I will take the data and decide what I want to pay and what is a fair market going price. So, RCM mint, you are making money on those who cant wait, and I simply wait and scoop up coins that are being unload after the frenzy :D |
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Replies: 15 / Views: 2,675 |
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Posted 01/18/2014 5:17 pm
