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Replies: 31 / Views: 5,453 |
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Pillar of the Community
Canada
3692 Posts |
A proof finish isn't purely cosmetic. The grains on the metal are smooooooth. So comparing a proof finish to a paint job on a car is not a fair comparison (a better comparison would be to replace steel with aluminum and plastics parts; cheaper but at the cost of your safety). People have to understand that not only are you paying for something that gets mined out of the ground but you're paying for the extra work it takes to bring those dies into production. Wouldn't it be nice if you could get a sweet product for almost free?
Whenever one orders metal in a certain form it will cost more, and finished products will obviously cost the most because it's at the retail level. The metal itself isn't always what gives an object its price; it's the labor that goes into it. A lot of times my components cost 2-2.5 the spot price and that gets marked up as well. We're talking about blanking out planchets, deburring, tumbling, annealing, designing and making master dies then the hubs et cetera, pressing out coin after coin, there's quality control for proof coins, and packaging, shipping... and I haven't even touched upon the spot price, which is irrelevant. All you see is machines pumping out the coins but who maintains the machines...
Edited by Libertad 01/20/2014 1:23 pm
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Valued Member
Canada
246 Posts |
@Libertad... I understand everything of what you're saying... I think there's two camp in this kind of discussion... On my side, I want more then a replica for 80$... So I'm not willing to pay for this coin 80$... And I look at all the comment and it's almost unanimous about the price of this one and almost unanimous about the overall price of the coins at the RCM, overpriced...
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Valued Member
Canada
68 Posts |
I have seen this coin in person and it is very nice. It has a nice strike but the finish isn't as distinct as the f12 and f15 reverse proofs. For me its too expensive for a 1oz coin with a reused design and such a high mintage. Even the 2014 silver eagle proof is being issued at just over 50 bucks. Plus the whole marketing of it as a replica to me is pretty brainless.
Buy a silver coin replica at more than three times the regular price. Act now as this is a limited time offer. In 6 months, it will cost you even less.
Edited by silverleaf 01/20/2014 3:51 pm
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Pillar of the Community
Canada
1528 Posts |
Quote: I think the people make the difference between bullion and NCLT... The purpose is to pay too much for the same design, same piece as a bullion... Year, the finish is better for the NCLT than the bullion one, but does it justify 80$ when you can have the bullion one for 25-30$? The difference of 50$ for a better finish, clamshell and a COA with a 20 000 mintage is ridiculous... If the price was the same but with a mintage of 5000-7500, well, maybe I'll buy it... This coins do not deserve the price, high mintage, same design as the bullion... It's like going to a car dealer with the exact same two models, one with a better bright finish polish paint, will you be willing to pay almost 3X the prices for the car? Would you pay 3x of price of a car knowing it won't be have Rust (milk spots) and it will looks the same without any deterioration unless you get into a crash? That's the price the NCLT folks pay for a coin that looks good. I guess we are used to pay for coins that are at least twice the price of silver. I am not trying to defend RCM for their pricing policy and I agree it is stupid move for them to release a replica coin where people can clearly see price difference between bullion and NCLT of similar coin. I will admit that I am not too knowledgeable when it comes to bullion. What's the normal mintage for Bullion SML and the Privy SML? How is this 20000 mintage compare to the above? I will agree that 20000 mintage is not a small mintage but I would like to see the comparison between the three and wonder if the premium match the mintage ratio between the three.
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Pillar of the Community
Canada
532 Posts |
The whole reason I purchase maples is for investment of the raw mineral. The face value is like a warranty. To serialize this particular coin or make it a limited edition or put a clock in it for that matter won't do much to encourage me to buy is since it's not in essence why I buy them. The Mint wants us to see things their way. It seems it's more difficult to find a buyer for premiums unless it's quite rare. I'd love to see this coin go unsold.
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Valued Member
United States
51 Posts |
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Pillar of the Community
Canada
6768 Posts |
Quote: I'd love to see this coin go unsold. That's fine, since I ordered my copy. Better unsold, means the final mintage will decrease, rather then sold-out and decreasing the value like most of the RCM NCLT coins. "Rare" better than "unwanted". 2009 Summer Moon Mask vs 2013 Grandmother Moon Mask ....the second wasn't so lucky, over-hyped and hoarded by the dealers and flippers, now majority of the completed listings on ebay under the issue.
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Pillar of the Community
Canada
871 Posts |
Too pricy for a basic coin. You might as well buy 3 silver maple leafs.
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Pillar of the Community
 Canada
815 Posts |
This has nothing to do with the "Mint Products vs. Bullion" argument. This is a REPLICA of a $25 coin that costs $80. Even if you argue that the finish differentiates it, you can get more desirable reverse proof finishes with much higher appreciation potential for far, far less. I am willing to buy someone one of this coin in 5 years if it is selling for more than 10% of bullion.
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Pillar of the Community
Canada
1528 Posts |
Quote: This has nothing to do with the "Mint Products vs. Bullion" argument. This is a REPLICA of a $25 coin that costs $80. Would you complain if this 1oz numismatic coin is something else other than the SML? RCM selling some 1oz numismatic for around $100 (canopy, $100 for $100, etc etc) or more (the glass coins)
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Pillar of the Community
Canada
6768 Posts |
This is Replica, only because RCM called it "replica" in their brochure... I call "numismatic item", or let's say "semi-numismatic item" because: different finish lower mintage encapsulated with attached COA (is it numbered?) and I want to believe - the SML on the coin more detailed This is similar to "2012 Penny Special Roll" And not similar to Bullion coins in F15 collection, that simple bullion (ASE, Britannia, Philharmonics, Libertad) was presented as premium item and charged almost $100
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Valued Member
Canada
68 Posts |
The coin also says replica on the certificate of authenticity. Nice coin. Too expensive. Most of the mints stuff is overpriced. That does not take away from quality of the coins.
And the older f12 and f15 maples were not just bullion but reverse proof finish with privy mark and the cost a premium but there was a more dramatic finish and they cost under $60.
I still would love it for my collection but not at $80.I actually like the 2014 bullion maple with radial lines almost as much as the "replica"
Edited by silverleaf 01/21/2014 5:42 pm
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Pillar of the Community
Canada
1823 Posts |
Had a look at one today at the post office not worth the money.
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Pillar of the Community
Canada
6768 Posts |
Quote: Had a look at one today at the post office not worth the money. Can you please tell, why? I mean - from the visual impression.
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Pillar of the Community
Canada
1823 Posts |
nice coin to much $$$$$$$$$$$
Edited by yingyang 01/23/2014 5:35 pm
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Replies: 31 / Views: 5,453 |