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 Replies: 41 / Views: 7,165 |
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Pillar of the Community
921 Posts |
I was basing my opinion on the look of the coin alone, not the purity of it though.... Now put the U.S. design with the RCM purity & there would be the real winner...  |
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Pillar of the Community
Canada
2019 Posts |
Well I guess we will just have to agreed to disagree, personally I dislike the US coin , looks gimmicky at best and being over produced is the second big turn off, but to each their own, I prefer to own coins with low mintages and made of pure silver or gold , call me crazy I guess.  Edited by Northerncoins
05/08/2015 08:48 am
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Pillar of the Community
Canada
3690 Posts |
I have several of the US coins. Not that it's a contest but IMO they are well done and very cool. I have zero interest in the RCM coins. I will note however, that the amount of RCM coins sold speaks volumes about overall collector interest. |
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Pillar of the Community
921 Posts |
Quote:
Northerncoins posted:
"I prefer to own coins with low mintages and made of pure silver or gold , call me crazy I guess" ...once again, it has nothing to do with what the coin is made of or how many were made, I was only talking about the appearance of the coin, nothing more. |
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CCF Master Historian of USA Commemoratives
 United States
12300 Posts |
May I ask why the 0.999 purity of the gold or silver is such a big deal on a non-bullion coin? Fineness levels of 0.900, 0.916 and 0.925 are all traditional coinage compositions that were in use for more than 100 years in countries around the world. The lack of 0.9999 fineness did not deter these coins from widely circulating. As long as they were of the correct weight for the denomination, all was good. In the US, circulating silver and gold coins have traditionally been 0.900 fine. The modern US commemorative silver and gold coins are struck to the same specifications as was used the last time the US had precious metal coins in circulation. The modern coins are also struck on planchets that are the same size as the traditional circulation pieces. This is part of what connects them to their predecessors. Personally, I don't see a difference between non-circulating/non-bullion coins of 0.900 fineness and those of 0.999. I understand the tax ramifications in Canada for coins that are less than 0.999 fine, but that is a very separate issue from the design aesthetics and strike quality of the coins. Also, in terms of total mintages, remember that the US population is between 9 and 10 times that of Canada. This suggests the potential for the US to have between 9 and 10 times the number of coin collectors. Just as it would not make sense for the RCM to strike the number of coins the USM does for its commemoratives, it would not make sense for the USM to strike the same number as the RCM. Saying that US mintages are outrageous or ridiculous, IMO, is an unfair comment without considering the markets. Also remember, the gold and silver Baseball HOF coins were complete sell-outs and more than 305,000 of the clad half dollars were sold - the mintages could have even been a bit higher for the silver and gold and they still would have been sell outs. I'm not trying to "pick a fight," just trying to start a conversation. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
6768 Posts |
I understand, you, commems, and what you say is correct. I believe, for some NCLT collectors , like me, that started to have interest in NCLT relatively recently (from 2010 for example), the fineness plays role, cause exactly by this the NCLT (at least for RCM) is different from circulation coins. I enjoy to own some RM, US Mint, LM coins that not .9999 , but have a preference for fine silver. Or for example 1998 RCM set that mimics first RCM Canada coins... Huge mintage - just psychological "disadvantage", I assume that for the sellout of these coins contributed: theme, good innovative design, re-sellers. |
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Pillar of the Community
Canada
2019 Posts |
Whatever I will stick with low mintage pure silver and gold,you guys can have the high mintage alloy stuff, to each their own. |
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Rest in Peace
Canada
1360 Posts |
The real benefit of 'pure' metal coins is the purchase price. If 995 Gold or 999 silver there is no tax applied at purchase. Sterling coins or any fineness that is not considered pure, are taxable in Canada.
an example: pure gold 1/4 ounce coin is $649.95 at the mint and is the total price, while the Looney tunes 1/4 ounce 14k at $799.95 has 13% HST added to the total.
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CCF Master Historian of USA Commemoratives
United States
12300 Posts |
@Dcadon/Silveroid: Thanks for engaging! I was hoping to launch an interesting discussions on what drives NCLT collectors - design aesthetics, low mintage (in relative terms), metallic purity, other? Unfortunately, the conversation got shot down rather dismissively and never had a chance to get it's "legs."
I understand about the tax issues in Canada regarding non-pure silver and gold coins and its impact on the purchase price of such coins...
But I wonder: Is the impact so large that it keeps Canadian collectors from buying non-pure coins even if they appreciate the design or history of them?
I don't have to deal with that question here in the US, so it's difficult for me to fully understand the tax impact - and I'm curious.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
6768 Posts |
Quote:
But I wonder: Is the impact so large that it keeps Canadian collectors from buying non-pure coins even if they appreciate the design or history of them? I think, the answer could be like this: The "pre-pure" NCLT , that have attractive design, significance of commemorated event, some innovation and low final mintage will be always appreciated (means wanted by collectors, of cause their value reducing with the time). The relatively "recent" examples: 2007 / 2008 "Baby"/"Marriage" Silver Loon Dollars (sterling) 2007 Snowflake $20 2010 "The Sun" Silver Dollar (sterling) 2010 "The Poppy" Silver Dollar but in case, when one of the mints now-days will issue NCLT sterling coin, with "some" theme (unlike 2013 George and Dragon by RM, which historically mints .925 silver coins) - it appears like "downshift" ( don't you advanced enough to strike the coins from pure silver?) |
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Pillar of the Community
Canada
2019 Posts |
Quote:
I was hoping to launch an interesting discussions on what drives NCLT collectors - design aesthetics, low mintage (in relative terms), metallic purity, other? Unfortunately, the conversation got shot down rather dismissively and never had a chance to get it's "legs." Maybe start another thread , this one is about the RCM 2013 fine silver baseball coins but somehow the US coins got dumped into the mix. |
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Replies: 41 / Views: 7,165 |
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Posted 05/08/2015 08:44 am
