| Author |
Replies: 149 / Views: 28,134 |
|
|
|
Pillar of the Community
Canada
6767 Posts |
He is probably collector of the expensive items, cars, horses etc....but purchasing one (or two ) most expensive RCM coins doesn't make him coin collector (he might be coin collector as well, but not due to the "table"). seems to me, that you will like this coin less, if it'll drop in value. So might be, sell it now for CDN 200, while it hot, cause if the silver will not raise in value, after 2 years you will be offered $50 for it, and people will not understand, why did you pay $100.
Edited by Silveroid 03/30/2015 9:31 pm
|
|
Pillar of the Community
Canada
814 Posts |
|
|
Pillar of the Community
Canada
6767 Posts |
Thanks Solidifier. Picture is way better, the coin is the same.
Looks like they did mess with COAs.
|
|
Pillar of the Community
United States
3789 Posts |
well this coin pretty much proves my point, going through my notes here and the price continues to rise and hold steady.
These are the type coins one wants to buy IF you are looking for both an investment and wanting to collect. I dare say over time this continues to rise also.
Eventually it will top out but if you were early, even as it started to rise, you will have plenty of cushion once the price tops out.
|
|
Pillar of the Community
Canada
6767 Posts |
Quote: Eventually it will top out but if you were early, even as it started to rise, you will have plenty of cushion once the price tops out. With this I will agree. In future I see it "unmovable" the asking price might to rise, but people will not be interested, and the seller will not sell for less. And many other coins, this style or other NCLT and bullion - will just drag away people's attention. No interest, no numismatic value, limited production (not mintage) of "something" - all of these will not contribute to the coin.
|
|
CCF Master Historian of USA Commemoratives
 United States
12250 Posts |
Quote: These are the type coins one wants to buy IF you are looking for both an investment and wanting to collect. I dare say over time this continues to rise also. I don't think the long-term ROI future for these types of after-market enhanced coins is going to be good. Right now they are "the latest thing" and have folks excited. This won't always be the case and eventually (IMO) they are going to become passee. Collectors will move on to the next thing and leave these behind. At that point, supply will exceed demand and the prices will fall. I see them following the same pattern as other "innovative" coins from the RCM and other world mints. Initially positive, then a steady decline as more and more coins with the innovation are issued and they lose their "special" character.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Pillar of the Community
Canada
6767 Posts |
Commems have just used correct language, proper words and more clear explain, to the same that I tried to express.
"The latest thing" I already see flood of "Mintage 1000" coins. Visit "The Coin Shoppe" and see. No, the are not bad, it personal collector's taste...but they are many...all innovative...glamour and gimmick...and of cause limited editions.
|
|
Pillar of the Community
United States
2408 Posts |
When I saw this coin for the first time my reaction was WOW! But I think commems is right. I doubt there will be any sustained demand for this particular coin. It's interesting but not compelling (at least for me). Would I EVER buy something like this? Perhaps, but only from the RCM.
|
|
Pillar of the Community
United States
3789 Posts |
I can see your guys point.... but I would still stick with my thought and opininon that this one of those handful of coins that continue to hold their value even after years go by.
I say this because its following the same pattern and trend of coins that were well received on their initial release, then continued a steady grind higher on the secondary market.
I put my full confidence in the price and trending action of such coins in the secondary market.
|
|
Pillar of the Community
Canada
814 Posts |
I see this coin taking the same path as the 25th anniv gilded "limited edition" coin. When first made by the 3rd party folks its was limited to 525 pieces and was selling for 300+ dollars. Now you can buy them for 70 bucks and there is a flood of them......the thing about these 3rd party enhancements is they talk about mintages but there is nothing stopping someone else doing the same thing for some quick cash.
Edited by Solidifier 04/02/2015 10:42 pm
|
|
Pillar of the Community
Canada
814 Posts |
In the MCF forum someone also posted a comment about how using the term limited mintage for these coins is kind of improper. Hard to explain but I agree with him.
I copy and post it here also
Chuck wrote -
"Just my personal take...it's NOT fair to alter a coin with a 30 million mintage and claim there were only 1000 of the alterations "minted." That's deceiving. There were 30 million some-odd coins "minted" - of those, 1,000 were "altered" - "enhanced" - "changed" whatever you want to call it, but the coin itself was a part of a 30 million (some-odd) mintage.
You do not change the mintage of an item by altering it. That would be akin to me spray painting ten 2015 Lincoln cents and selling them as a "rare mintage of only 10 coins" - it's deceiving and should not be allowed.
Bottom line - "Mintage" is a count of all pieces in an issue that were the same when they were made - not when they were painted, enameled, radiated, spit on or whatever. Using "mintage" to describe the number of decals you had to stick onto a coin is deceiving, and it's wrong...whatever the process involved, it was not done by the mint, thus it doesn't change the "mintage." "
|
|
CCF Master Historian of USA Commemoratives
 United States
12250 Posts |
"Chuck" has hit the nail squarely on its head!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Pillar of the Community
Canada
2019 Posts |
Quote: t's NOT fair to alter a coin with a 30 million mintage and claim there were only 1000 of the alterations "minted." That's deceiving. "Its not fair" Lol what are we in grade school here now? It is fair that a painter takes a canvas and paints his pictures , canvas is unlimited supply  Personally I dislike enhanced coins/bullion etc , but this coin looked great to me so I bought a few, so sue me lol. In the end the market controls the price, not what someone thinks is fair or not. Its not "fair" all these fakes are on the market but they dont appear to be leaving any time soon if ever, same with these enhanced coins/bullion. Ya they may drop in value, after the hype dies down, nothing new here, look at most of the coins released in the last few years, dropped below issue. Fancy Paper weights now 
|
|
CCF Master Historian of USA Commemoratives
 United States
12250 Posts |
@Northerncoins: I agree with you regarding Chuck's "It's NOT fair" comment, but I do think its incorrect to use the term "mintage" when referring to after-market enhancements. Maybe using a term such as "Edition" would be more appropriate.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Pillar of the Community
Canada
3690 Posts |
Seems like you're assuming a narrow definition of the word 'fair'. In this case it refers to a degree of 'honesty' and clearly, claiming that PMD (or an enhancement) creates a new 'mintage' number is dishonest at worst and inaccurate at best. The issuer of these coins didn't mint anything. At least not in numismatic terms with means stamping metal to produce a coin.
|
| |
Replies: 149 / Views: 28,134 |