Advise About A Potentially Damaged Coin From RCM

I would say keep it.. Those tiny marks should have no impact what so ever

I called, no more stock, not even reserved for exchanges.. Curious comment about 20% discount in secondary markets.. Aren't coins supposed to get a price hike once are not more available at the mint ?

"Curious comment about 20% discount in secondary markets.. Aren't coins supposed to get a price hike once are not more available at the mint ?"

Welcome aljawo
Good advice on returning it . If they can come up with a replacement great if not the advice above is pretty good. Odds are it will be on sale in a few months.

Currently buying new RCM products at issue price is much like buying pretty scratch tickets. The odd one may go up in value but most hang around issue or as purelywasted stated, a 20% discount.
You have to enjoy the art on these new coins because you maybe holding them a long time.

Best of Luck (remember, I am just one voice and my ideas may or may not be what ends up in the end being correct.
Liverpool

Good catch CC-Ottawa, I did not look closely at the coin. My suggestion would then be to hang onto it (if you really like the coin) and look for another one at face value or close to it. When you get the new one, sell/cash in your damaged one for face or better.

At the very least you have a coin that will not depreciate from its $200 value. RBC seems to be the bank that will consistently take the $Xfor$X, assuming you have an account with them.

Thanks everybody for the insights.. I believe it is a rare issue because it was the first $200 coin minted in Canada.. (what the RCM says). They market now in parallel channels for a 10% premium..

What are mainly take is that the imperfection is not critical and of course fv will be always fv. I believe that all the $x for $x are a nice deal.. You get a crafted piece for free.

Thanks again and I keep waiting for more thoughts, love forums!

Thanks Silveroid ! Actually I didn't know that you could cash the numismatic coins at a bank..

This coin is really nice in hand, and it will definitely hold value so there is nothing to loose, even in coins where you loose some value, it is still worth it. These coins are not meant to be a business, it's more of an extremely cheap hobby, with not much next cost. As opposed to those who have a hobby of driving new cars, the minute the car goes from new to used, it's value crashes, but it does not happen with these coins, no matter what the coin it is, most if not all hold atleast like 80-90% of their value.

@ Silveroid, it's a very interesting change of heart your bank had.
A positive change. I doubt banks will take other Nclt than $ for $ coins. I just think people shouldn't panic, but be persistent. I'm looking for certain designs, but must have folders.
I guess main thing, is to only buy, if certain you want the coin for collection. Using this strategy should lessen need to return to bank. We don't try and return other Nclt coins to bank! These should be treated same, thereby less pain for collector. I'm saying use same criteria, as for deciding to buy other Nclt coins.

Silveriod, I hope you didn't think I was referring to your comments. I was referring to the general tone that's emerging, when we all know the facts, the past couple years.
Yes, there's people buying a bunch to get the cash back discount on credit card. This I think is risky, it's the individual who needs to decide whether they accept this risk.
I don't see a risk in buying 1 coin for it's design, only my opinion.