Spring Canopy Coin's Collapse In Price & The Future Of NCLT

I'll give you my 2 cents. If you are buying to make a quick buck, sell when the market is on fire. If you are buying for purely a hobby, don't look at market conditions unless you are buying the coin to build your collection.

Well MoneyPenney I'm not really surprised. I have felt for quite awhile that there are just too many RCM coins chasing too few customers.

Buying NCLT coins is a hobby, not an investment. Folks should buy coins they like for personal enjoyment.

Speculators (aka flippers) are free to take their chances, but they shouldn't whine it they can't make any money.

By the way, does anyone know when is the third coin in this series coming out? Will it be the Winter or Summer Maple canopy? Inquiring minds would like to know.

Really? Who's the idiot that willing to pay that much for that coin? I remembered people complaining that they couldn't sell it pass $120. I sold most of these at $110-$120 locally... What killed this series was the ugly fall Canopy. when folks purchased the spring Canopy, they envisioned that the fall canopy would be full of red/yellow leafs.. not just two ugly leafs

I don't think it's just a matter of too many coins being issued (though it's definitely part of the problem), I think it's also the fact that the RCM issues far too many "novelty" coins â€" colourized, bejeweled, holographic, etc. A major issue with such pieces is that it generally doesn't take too long for the novelty about them to wear off and folks go looking for the next "hot" thing. Sometimes the next thing is another coin, sometimes it's something else entirely. So, long-term interest in most NCLT coins never develops and the secondary market suffers.

I've never believed that these types of coins bring a large number of long-term collectors into the hobby. They do draw in short-term collectors and those looking to turn coins for a quick profit, but IMO they do little to keep most folks engaged for the long haul.

I believe significant secondary market price drops on just about all NCLT pieces is a reality that will be with us for the foreseeable future.

yea,,, its clear that flipping coins is great for flippers. Long term is extremely dicing and its probably better to wait on the more popular coins after the hype fizzles, then you can pick them up.

In addition, the RCM is making way to mannnny coins. But its not because there isn't demand,,, there is demand, thats why flippers are able to flip... but then too, it might be that they have so much product coming out that the attention spans are too short for one product a time.

RCM is releasing many many coins, that;'s nothing new.

But, in this case the series hasn't finished yet.

I don't really have an issue with the amount of variety. The issue is mintages. Some of the coins should be brought down to 2500 (or even less) and certainly not over 5000. It would certainly make the hobby more interesting and the market much more competitive. I'm guessing though at 2500 it might be difficult to cover off production costs. An FYI from a retail standpoint (at least from my experience) most new RCM products are bought as gifts and by people who truly like the designs and not as investment.