RCM / Royal Canadian Mint NCLT Coins Selling Above Issue - Page 3

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Author	Replies: 37 / Views: 7,417	Page: of 3

darryldarryl Pillar of the Community Canada 2427 Posts	Posted 04/17/2016 09:32 am 2009 Summer Moon Mask holds a fair premium over the original purchase price. People thought it was an ugly coin and dismissed it. The coin suffered poor sales and was a dud! When the actual mintage of the coin was released at 2834 the coin became highly sought after and the price sky rocketed. Report this Post to the Staff
darryldarryl Pillar of the Community Canada 2427 Posts	Posted 04/17/2016 09:39 am The 1997 Gold $200 Haida "Raven Bringing light to the world" coin was issued at $414.95 and regularly sells for over $1000 Report this Post to the Staff
wildflowerAB Pillar of the Community Canada 2845 Posts	Posted 04/17/2016 10:40 am Quote: The 1997 Gold $200 Haida "Raven Bringing light to the world" coin was issued at $414.95 and regularly sells for over $1000 To be fair, all older released NCLT gold coins have significantly risen in value due to higher gold prices. The 1/2oz Gold Haida was issued at $414.95? In 1997 the spot price of gold was appx Cdn $500oz, today it's more than tripled at just under $1600. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 04/17/2016 3:53 pm Yes thats an excellent point, the rising gold price. I think we are about to see Part II of this. In other words, as prices of gold rise and rise above the mints issue price, that gap narrows, thus helping the coin's price from the Mints price. It fascinating to see the impact of rising gold prices to all NCLT coins just before it took off lol. Report this Post to the Staff
Silveroid Pillar of the Community Canada 6768 Posts	Posted 04/17/2016 4:23 pm The coins from the 2015 Mask Set - had a lowest mintage ever, that 1oz silver coin by RCM had. So the final mintage might be very low, but probably unknown. Quote: 2009 Summer Moon Mask holds a fair premium over the original purchase price. I can sell this one for "comfortable price" (compares market price), if buyer will take also 2013 + 2014 Mask for 2/3 from issue. Edited by Silveroid 04/17/2016 4:45 pm Report this Post to the Staff
wildflowerAB Pillar of the Community Canada 2845 Posts	Posted 04/17/2016 9:23 pm Quote: It fascinating to see the impact of rising gold prices to all NCLT coins just before it took off lol. Yes it certainly is fascinating to observe. As far as new release gold NCLT, RCM generally adds a premium of about x2 over spot price, for example the bullion value of the 2016 Parliament Fire at 14k 12 gram is about $360. It would take an incredible hike in gold value to offset decreasing collector demand that occurs over time, if one buys with future profit in mind. So that's what I do as far as gold NCLT, watch! Lol! The other interesting thing going on right now is our low loonie. While gold has recently increased in value in Canada, it's flat in the US. If/when the value of our Cdn dollar increases and if world gold prices remain constant, Cdn gold spot price will fall. Therefore the volatility of gold is caused not only by gold markets in general, but is significantly impacted by the value of our Cdn currency as well. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 04/18/2016 11:59 am I think, now that gold is in an uptrend and prices have broken the downtrend, we will be seeing the ole " a rising tide lifts all boats" sort of thing with all NCLT coins including NCLT coins. Silver is close and price action is constructive. Looks to me like the RCM got a pass from the PM markets lol. Now if they keep up with trimming mintage numbers such as they did with the 2015 ANA privy maple leaf, I think these coins have a chance to appreciate, primarily due to rising PM prices. Part II... here we come lol Report this Post to the Staff
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RCM NCLT Coins Selling Above Issue