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 Replies: 11 / Views: 1,907 |
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Pillar of the Community
Canada
1751 Posts |
I was reading an old thread, where Commens was trying to ask what drives us to collect Nclt coins. However, only two people responded. In fairness it was in a thread about baseball coins, so it was a bit buried. I thought what a great question for discussion. Hopefully members will respond since it's not coin specific. For me purity of metal is important, mainly so I don't pay tax. It does add up in a years time. I'm in a province with just the 5% GST, some people also have provincial sales tax added on top, so it does increase the cost , when buying 14kt gold or less than .999 silver. Now I don't know if Americans are taxed on non pure silver. Price is important to me! Mintage is probably around a 7 in importance, I do prefer a lowered Mintage, however, a great design can sway me. Example the Cupro nickel bird series, I just couldn't resist. I don't know how bad I want the popular ones, $400 is rather pricy for a Cupro nickel 25 cent coin. I'm only missing 3 of the most pricy coins. Design is the main reason I collect Nclt coins. I need to connect with a design or theme. It makes it hard with some series when I don't like the design. One example the 2014 special edition silver dollar, women riviators. It leaves me cold, as does most modern war coins. I'm still debating, where or not to get it for my dollar collection. I also like learning history and it's cool to have a tangible connection. I'm also big on wildlife so I collected the design that speaks to me. Hopefully others will engage in the discussion and share their motivators and insights. Lets have some fun!!  |
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Pillar of the Community
Canada
5324 Posts |
You need something to get a buzz back into the hobby and looking at January's releases it's same old stuff, take the coloured poppy and coloured flag quarters, really nice designs except for some reason the RCM has half of the mintage uncoloured. Even lower mintage won't help until they combine with reduced issues, as an example the big coin series was tastefully done then a month latter they over burden the collectors with a cheap colour version. I use to buy on theme and mintage but now on hold. |
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Pillar of the Community
Canada
6768 Posts |
I might be wrong, but initial question sounds "why you collect NCLT?"
and not "by which parameter you collect the NCLT coins"
when the possible (but not all) answers for "why" could be:
*investment (Talisman advises to get new 2oz)
*like the coins, specially new shiny NCLT (my case)
*some of them commemorative
*additional money to the pocket from re-sell, and also collect some
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Pillar of the Community
Canada
693 Posts |
What drives me to collect NCLT has changed over the years.
The awareness of value for money has always been a limiting factor in my mind. I've collected a somewhat complete set of NCLT silver dollars from the 1980's to into the mid 2000s - waiting until the price drops until the coins are near bullion value.
At one time I had a complete collection of NCLT loon dollars. When the number of issues exploded I gave up in disgust and sold them all. It's appealing when NCLT designs have a relationship to circulation coins that we use every day, either the design is similar or the shape/composition is the same.
I am attracted to the 20 for 20 series. Some of the coins have a nice design, though I would never think of going for a complete collection - if there is such a thing. $20 for a nice quarter ounce silver coin seems to be a reasonable value for the money.
I'm also driven to collect NCLT related to my topical collections, if the price is right (usually it is not). Come to think of it, most of my NCLT is from other countries, issued in the 20th century.
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Pillar of the Community
United States
3789 Posts |
Dont get me wrong, the RCM makes some nice coins. I like some of the animal coins, I am a fan of their maple leaf with privy, specifically their Chicago privy marks since I am from Chicago. However, like any coin, I wait 6 months to a year before I buy. Even with their cut down in mintage prices for the latest 2015 ANA privy maple leaf, prices have been tumbling lower. If the RCM dropped prices closer to spot I would be a big buyer to my collection but until then, I will enjoy the benefits of picking off deals on older coins on ebay. |
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Pillar of the Community
United States
2408 Posts |
I used to want ALL of them starting with proof, specimen sets, proof dollars, BU dollars, UNC sets, etc. back in the 70's... I was mesmerized. My confusion came quickly though: I thought the high prices for the 1971 and 1972 double dollar sets (all nickel) were unjustified. I could not get over the $100 it was back in the mid 70's. I do not have my old data anymore but I vaguely recall $120 and $80 for the 1971 and 1972 (perhaps it was the other way around). But they were WAY higher than the 1973, 1974, 1975,... which at least had a silver dollar in them. The Silver 1971 and 1972 dollars were issued separately. Boy am I glad I didn't buy those 2 sets... Let's say I could have bought both for $200 in 1975. Inflation alone, this amount represents $882 is todays money (using CPI calculator). Invested in a conventional 5% CD, this would amount to $1,400. Invested in a more aggressive vehicle @ 10% compounded annually then we are talking about $9,000. Ok, so perhaps a steady 10% isn't realistic for the past 40 years. Let's just settle for inflation: $882. Well, both of them can be had for about $20 (if that much) on ebay - today. Imagine this for a minute. $882 Vs $20 I realize collecting should not be considered an investment. But it should not become a money pit either. EDIT: This isn't limited to NCLT and it would be unfair to single out this category. A one cent 1959 selling for $20 in AU (awesome condition BTW) is at par with today's economic power. In other words, your great great great father was better off spending this penny to buy groceries... Edited by canadian_coins
01/12/2016 11:53 pm
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Pillar of the Community
Canada
2845 Posts |
Reading the headines, the entire country of Canada is sinking down that money pit except there's nothing at the bottom.  Edited by wildflowerAB
01/13/2016 12:21 am
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Pillar of the Community
 Canada
1751 Posts |
Excellent discussion everyone, this is what I was envisioning in this thread. Wow C_C I didn't know the early double dollar sets were that expensive at issue. I have never ran across issue prices for these sets. I was thinking more in the $25 range. This is why long time collectors share their experience and knowledge. It seems like the mint was always high priced, so its nothing new.
It is very sobering when a person factors in opportunity costs and inflation. These are things new collectors need to be aware of.
Yups comments have saved me a bundle and made my collecting dollar go further. I jumped on the bison bandwagon, I bought 2 of the 1st coin. I was worried about paying more on the secondary market. Its still a remarkable coin and series. I stopped after the first coin and I stay away from the other 4 coin series, until I can figure out the bottom trend. I like animal coins and was very excited, until I saw the after market trends.
I wonder how much age of collector influences their collecting choices. Example long time collectors favour traditional designs over innovation. They aren't as concerned so much with long term prices or falling issue prices. While the under forty group, like innovation and think about long term value, and have concerns about falling after market prices. I can see there are some generational differences to collecting, both in beliefs and values. Collectors of the 21st century are changing and so are the mints.
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Pillar of the Community
Canada
1751 Posts |
@ John 100, yes we need some buzz to revive the hobby!! Both the flag and poppy quarters created quite the stir, with some people from other forum ordering box fulls, they have some great images of wooden crates, of poppy rolls on redflagdeals collector forum. I found the discussion invigorating the hunt for the color quarters. These are common circulation coins causing such excitement. Then there is the 2 oz voyageur coin, the buzz is astounding. The thread is a great read! Now both coins are at both extremes of the mintage scale. I cannot figure this out. It puzzles me to no end! Then there is the hands down breathtaking collector case. A great reward for being a loyal customer. So the RCM is capable of knocking it out of the ball park! They just need to do it 75% of the time. So its not a hit or miss thing. Maybe the new president will take the mint in a brighter direction. I like buzz, buzz is good, it fuels the hobby. I feel positive buzz, has sadly been lacking the past 3 years. Edited by pocket change 50
01/13/2016 12:46 am
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Pillar of the Community
Canada
5324 Posts |
Although the two flag and poppy coloured quarters are not NCLT, they were nicely done but who in their right minds thought the uncoloured version was cool, so even a good attractive designed coin can create the buzz.
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New Member
Canada
48 Posts |
I've greatly toned down on the number of NCLT coins I buy each year, mainly because the RCM's prices are getting out of control along with the number of product offerings. As such, I typically collect Canadian coinage from 1967 and before. What drives me to collect Canadian NCLT coins? I'll buy the Proof Dollar every year without fail. I look for products made only from precious metals to ensure that they will always have a bullion value. Aside from that, I buy the NCLT items that simply appeal to my interests - Canadian art and history. I don't view NCLT coins as investment items for the most part, so I buy them purely for the joy of it and when it makes sense. I think the RCM is capable of rendering incredibly gorgeous coins. Some of the textures / finishes / details I've seen on many of their NCLT offerings from the past few years have really impressed me - one of the reasons why I went for the Group of Seven and Emily Carr series'. |
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Pillar of the Community
United States
2408 Posts |
Quote:
Wow C_C I didn't know the early double dollar sets were that expensive at issue. Sorry for the confusion... Those were not the issue prices. I do not recall the actual issue price because I was only 8 years old at the time but later when I started to collect proof sets around 1978 they were outrageously expensive. What I regret is getting rid of my old Charlton coin catalogs. Edited by canadian_coins
01/16/2016 10:51 pm
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Replies: 11 / Views: 1,907 |
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Posted 01/12/2016 1:03 pm
