Surprise Sale From Gatewest On RCM Numismatic Coins Today.

@Blastoff:

My thought, that majority of the collectors, know what exactly they collect. Yes, they might snag here and bite there for the "popular items", but their collection isn't demand driven.

So the RCM or dealers sold-out isn't big deal, if they initially didn't think about the coin.

Still relatively new around here and when I read threads like this about the RCM and what happens to prices on most items I am more convinced than ever before not to shop there anymore. Live auctions I go to still have some coin items being bid to levels past RCM retail but I've also picked up many like new RCM items for 1/2 to 1/3 retail - perhaps a combination of patience and luck. Also, it feels a lot better purchasing at a fraction of retail.

Looking at some of the sale items and how many are available, I almost get the thought that perhaps they are selling these on behalf of someone else like perhaps RCM or Canada Post. Really, who would have in stock 473 of the year 2000 Tiny Treasures (Baby) Sets and be clearing them at $5.95 each?

Thanks CC Ottawa, I was looking for the Poppy dollar. I managed to snag it and the Calgary 2012 silver dollar too. I feel comfortable picking them up at these prices. I feel the prices I paid are fair. Its too bad the Poppy dollar was limited to 1, I would of liked another. I am glad I popped in, I haven't been on since a week prior to Christmas.

Wishing everyone a Happy New Year

Its really telling when an Oct release is discounted by $20. I feel $60 is a fair price. The pics of it posted on the forum are dazzling.
like Commens said good deals for the focused collector. I picked up 3 silver dollars for my collection.

Unfortunately I agree with almost all of what has been said on this thread!! It really is a sad state, when buying mint direct. I wonder how much MC will shrink, as by comments here, most will not keep their status. Will it have any effect on how the mint does business.

I will be radically curtailing my mint direct purchases also. I need to do what's best for me, and its not throwing away money! Too bad I'm not entering the hobby now, there's so much great advice and the trend is clear on the secondary market.

Back in 2012 was the height of the bubble, with price increases, flipping and high silver spot. Back then collectors on the other forum were warning about a bursting bubble. Others advised not to discuss it, as the discussion was certain to trigger the burst. Now its burst, where do we go from here. It seems the coins hit the worst, with price depreciation are from 2013 onwards. How fast will mints self correct.

Topic of reps, mine gave me a holiday email, stating when they were taking holidays. This time of year is when most probably take holidays, as last release is Nov and the next is Jan. I wonder if the Reps are seeing the trend of declining orders, I wish I had one when I was ordering more. Now that I am decreasing my orders I get a rep. I've had mine for a bit over a year, and I really have made little use of them. The mint needs to rethink its sales strategy, go with either direct or with dealers. Doing both seems illogical, since dealers are offering better prices. Dealers could be used for the after market sales, once coins sell out. Mint only could offer better savings to collectors. The current system they're competing against each other, it doesn't make sense!! Hopefully a mint employee reads these forums! There are so many members who have dropped off the boards, it seems to point to a current trend in the hobby. I miss how people used to brag about their coins by posting pics and having great discussions. It seems like the heart has gone out of nclt collecting.

@ Wildflower, just wanted to say congrats on your Pillar status, I just noticed it. Did u ever find out how many gal collectors there are. I'm one too, seems we are the minority. I had to laugh, a person on the other forum . I didn't bother correcting them.javascript:insertsmilie('')

The other way to look at this is only 1 % will hold value, that is pretty sad way of collecting and as we see now all larger RCM dealers are offering some type of rewards equalling about 5% on purchases.

Gosh thank you very much PocketChange, I didn't even notice my new status. No idea how many gal collectors but indeed I know for certain we're in the minority -- very glad for your contribution! I think the hobby is far stronger without preconceived stereotypes and therefore we all benefit.