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 Replies: 15 / Views: 1,698 |
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Valued Member
Canada
192 Posts |
I just stumbled into this and was wondering why this was listed so much higher than it's kin; then I saw it's COA lists it as #2. I know, at the end of the day, the value is only what the buyer places on it, but is there a general rule to how serialization [and sequence therein] affects sale values? http://www.ebay.ca/itm/Second-in-Mi...191913248538And so the follow-on question is: who really gets these low numbers? Do they actually go to the "Masters Club" members who are quickest to the draw? Or do some of these low numbers never even go through normal channels? Thanks! |
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Pillar of the Community
Canada
2845 Posts |
If there's no correlation to minting order and COA as has often been stated, it does not mean this NCLT was second off the assembly line. And even if it were, as in the case of any manufacture items, the first are often are not the best quality. I don't recall anyone ever mentioning a connection to low serial number and PF70 grades, my impression is it's random but perhaps someone in the know might clarify? The explanation toward "low is better" may simply be a misunderstood throw back to the early days of circulation coin minting when new highly polished dies resulted in heavy cameo, old dies obvious cracks, etc by overused dies 30,000. So my question, does anyone actually know why low is desirable or is this yet another ploy by RCM to increase sales through its MC program by leading buyers to believe a little bit of paper with a number is special, when it's really not? |
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Pillar of the Community
Canada
1571 Posts |
It's pretty easy to print out a fake COA with low numbers.
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Pillar of the Community
Canada
2845 Posts |
Quote:
It's pretty easy to print out a fake COA with low numbers.
I'm sure it is, a lazar printer and photoshop would do it. There's also no way to know if the COA and NCLT were actually issued together. Why not send the best of a bunch to NGC for grading and replace the lowest COAs with those that may not pass the PF70 mark? Win win. For that matter RCM could save us a lot of money, forget the NCLT entirely and we can just buy and collect little numbered cards, issued randomly, much like lottery tickets. |
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Pillar of the Community
Canada
5324 Posts |
No different than the person who paid a wack load for supposedly the last roll of penny distributed, apparently the low coa are now being offered to mc.
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Pillar of the Community
Canada
6768 Posts |
I want to believe (cause nothing can be perfect), that sometimes Mint insiders taking out (buying) real first minted coins [Error coins as well]. And surely have an advantage to submit the coin for Early/First Release to grading companies.
And COA number .... always people will be fooled by idea that "low COA = early minted con"
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Pillar of the Community
Canada
5324 Posts |
These NCLT are all double struck in super slow speed presses, they should all grade 69 or 70 , but the Canadian versions rarely grade 70 compared to say the US NCLT. The RCM is very secretive in releasing simple info as whether the coa are related to production, it's just nice to verify one way or the other. |
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Pillar of the Community
Canada
2845 Posts |
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...apparently the low coa are now being offered to mc.
Yes, that is true. Any MC members interested in asking your rep what's the "popular demand" all about? To me it seems RCM is promoting a fallacy that low is better. Otherwise why couldn't they come right out and indicate the reason behind the proclaimed popularity of low serial numbers?  http://www.mint.ca/store/mint/custo....V4zxa5DOerU |
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Pillar of the Community
Canada
1747 Posts |
I think the low serial number thing was propagated by the USA, as they would put out a "first day" mintage release and it would sell for more money.
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Pillar of the Community
Canada
5324 Posts |
If you could get low coa without added costs why not?
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Pillar of the Community
Canada
2845 Posts |
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I think the low serial number thing was propagated by the USA, as they would put out a "first day" mintage release and it would sell for more money.
Thank you, very possible, hadn't thought of that. Yes, if we are to believe RCM carefully matches COAs to production order, regardless of when the item is later available for shipment. |
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Pillar of the Community
Canada
5324 Posts |
Just returned from the Ottawa RCNA show, just a wicked long drive for me, had a chance to talk to a higher RCM personal who confirms the coins production and COA has no correlation except for the few edge numbered ones |
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Rest in Peace
United States
2668 Posts |
A few edge numbered ones? You just piqued my interest.  |
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CCF Master Historian of USA Commemoratives
 United States
12257 Posts |
Just FYI, the COAs included with US Mint collector coins are not numbered (they are generic). The "First Day" hype was started by the major grading services and refers to a coin's release date vs. strike order.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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CCF Master Historian of USA Commemoratives
United States
12257 Posts |
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A few edge numbered ones? You just piqued my interest. Some of the RCM's recent gold fractional sets feature edge-numbering: - 2015 Gold 4-Coin Fractional Set - Maple Leaf - 2016 Gold 4-Coin Fractional Set - A Historic Reign Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Rest in Peace
United States
2668 Posts |
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Replies: 15 / Views: 1,698 |
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Posted 07/18/2016 09:33 am
