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 Replies: 213 / Views: 42,240 |
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Valued Member
Canada
330 Posts |
I may be in the minority here but I actually like having more to choose from over the last few years. I know the RCM grinds out a lot of repetitive themes with maples, polar bears, eagles, caribou, etc. For me it's quite simple, if I like a combination of the size, design, engraving, packaging and mintage I buy it. Because I don't buy a lot of what they produce doesn't make me angry or feel like RCM is ruining the hobby. I don't want to see my collection go down significantly in value but I don't see it as a growth investment either. Why not just enjoy what you enjoy and leave it at that? Maybe I'm missing the mark but I'm not feeling the negative effects of having more choice, better packaging and more frequent releases to look forward to than I did 5 years ago. |
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Pillar of the Community
Canada
6767 Posts |
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Maybe I'm missing the mark but I'm not feeling the negative effects of having more choice, better packaging and more frequent releases to look forward to than I did 5 years ago. I not really aware of this, but could reply someone if Sports Cards collecting or Stamps collecting are on the same level, as years ago, before these items flooded the market? |
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Pillar of the Community
710 Posts |
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This is the best way to approach collecting these sort of Mint products and I try my best to do exactly the same thing. Another approach is to have very strict criteria what you want to collect and then stick to it. There are lots of great examples above. Many people on the forum follow this approach. Have a great weekend everyone! |
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Pillar of the Community
Canada
5324 Posts |
Beanies and sports cards are two recent examples where greed of over production basically destroyed a massive market, seems the NCLT going the same route, no one is happy when someone offers half of what you paid.
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Pillar of the Community
Australia
7096 Posts |
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Another approach is to have very strict criteria what you want to collect and then stick to it. That may work for some But the sheer variety of coins available from Ancient times to Modern and from various countries around the Globe is what keeps my interest in numismatics alive. If I had to stick with a very narrow field of coins to collect My interest would have died of boredom many years ago  The only problem with the various Mints over producing the many different versions of the same coins is that as a series collector it makes it virtually impossible to maintain a FULL set. By changing ones attitude about having to have a Full set that includes every single coin issued to only adding the coins that you personally like alleviates this problem  |
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Rest in Peace
United States
233 Posts |
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... It wasn't that long ago when the Canadian NCLT section here was full of people banging on about the newest releases and posting about how much profit they had made by flipping the new coins as soon as they got them ... The first thing that we think about flipping (whether it be NCLT coins, or Hamilton tickets) is that the supplier is "leaving money on the table". If any product is immediately re-sold at a profit, clearly you should be making more product (easy for a mint, harder for a theater) or raising your price. But the other side of flipping is that it feeds hysteria ... it is possible that raising production to meet demand will, in the end, result in lower issue-to-issue sales once the market calms down. The question of whether/not to manipulate the market for the sake of the long-term profitability of the supplier can best be answered by understanding the goals & priorities of the supplier. For the RCM - which is, after all, an institution founded by the citizen-taxpayers of the republic - I would think that there are several goals that precede revenue maximization, including making sure that every citizen-taxpayer can buy every product that they want to buy direct from their mint, as well as fulfilling the cultural/educational role of the mint. I cannot give a grandchild an iPhone - or a My Little Pony, for that matter - NIB without paying more than I might pay on the secondary market. So too, it seems, with the RCM My Little Pony One Troy Ounce Silver Commemorative Coin. Kinda the same thing, n'est ce pas? Cheers, /s/ ikeyPikey |
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Valued Member
Canada
243 Posts |
Maybe what the difference is the dealer's shouldn't be paying less than anyone else. I think that in the 60's and 70's everyone bought a mint set for the same price. There was no need to build in a profit margin for dealer's and the market place created the price due to mintage, appeal of the piece or the odd error. When a coin is issued the dealer's are getting first crack and there have been a couple of coins issued that were not even available to the general public. The dealer's truly control the market and end up setting the prices, they can take less profit by selling below the "retail" price set by the mint and still come out ahead if they made an incorrect purchase by grabbing too many dud coins. The collector doesn't have that same advantage when they have made their purchase.
Just my 2 cents worth.
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Pillar of the Community
Canada
532 Posts |
After I've watched a coin I've bought from the mint get sold for 15$ less a year later I've stopped collecting in general. I still get silver rounds when I can but to buy for rarity or art has waned on me.
It's not that I'll never buy commemoratives anymore. It's that I'd rather retain value than lose in the long run.
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Pillar of the Community
Canada
2845 Posts |
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I would think that there are several goals that precede revenue maximization, including making sure that every citizen-taxpayer can buy every product that they want to buy direct from their mint,
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When a coin is issued the dealer's are getting first crack and there have been a couple of coins issued that were not even available to the general public.
Dealers are alternate distribution channels. If RCM forced their customers to buy only from them through online order, they would sell much less. On the topic of sales to the general public..... Just to mention in case anyone reading here doesn't realize, one of the main benefits of RCMs Masters Club Program is that customers are allowed to buy NCLT in advance of release to the general public. The more money one spends, the higher the MC level and the greater the number of days of advance access, creating an odd level of competition in buying opportunity. What can occur is a lower mintage issue becomes Sold Out before the public has an opportunity to purchsse it. This occurred several times in 2016 but a couple of the best examples are the Pysanka and the Gold Star Trek coin. Recently it appears the general public has turned a blind eye to paying a premium for resale releases that were scooped up in advance by MC members who buy only to resell. A false sellout, flippers become impatient and sell for a loss, devaluation occurs. So I admit I've often wondered if the advance opportunity to buy within the Masters Club Program is largely responsible for accelerating a loss of public interest in NCLT in general. Is there a psyclogical buying trigger in play "I can get something that others can't" that is causing people to buy NCLT that they might not otherwise be interested in? |
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Pillar of the Community
Canada
5324 Posts |
The high level mc do not very often sell coins, they could care less making 500 bucks, but they sure don't want to lose 20 to 40% 6 months latter, that's the RCM's problem too many disillusioned collectors. |
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Pillar of the Community
Canada
2845 Posts |
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The high level mc do not very often sell coins, they could care less making 500 bucks, but they sure don't want to lose 20 to 40% 6 months latter
The era of buying and cashing XforX to attain Master Club status is hardly passed. None of us can speak to the buying motivator of Master Club members in general but for those who are truly "high level" I don't think the Program was a buying incentive. But I think it was for others. |
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Valued Member
Canada
343 Posts |
Is it also possible that those who can afford to be in the Masters Club (minus all the x for x buyers) are less concerned about the devaluation of NCLT coins that the RCM put out? |
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Pillar of the Community
 Canada
798 Posts |
Aghawk, I don't know. Id be pretty upset if my collection cost me $1,000,000 and the following year it was worth $850,000 ... $700,000 the year after, $600,000 the year after that ... $525,000 the year following that, etc etc
Edited by JGG
01/28/2017 1:30 pm
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Rest in Peace
Canada
1360 Posts |
JGG NCLT collecting is a different kind of hobby. You really can't call it an investment. But there is a bottom to your $1M investment. The Bullion value to say the least let alone the face value of your collection. So to say it will be worthless one day is nowhere near accurate. It will always have some value.
Consider if you will other hobbies - say Golf, people put $1000's into their golf games every year in membership fees, equipment etc.... and when the year is over all that is left is a cupboard full of used equipment. Same could be said for any sport or pass-time.
If you're in it to be making money, you should be looking into becoming a dealer. Start with a mortgage on a building, or paying rent, advertising, security etc, etc, and pay some taxes on the income you 'create' by selling coins. After all, first and foremost, it's only a hobby. to me anyway.
What others will do with it after I'm gone, what it's worth then?...... who cares. LOL
Edited by Dcadon
01/28/2017 3:16 pm
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Pillar of the Community
Canada
798 Posts |
Dcadon, I never called it worthless. Not ever. I called it a depreciating asset, and I am blaming a lot of that depreciation on RCM market flooding. It isn't that I don't like NCLT, but the RCM is hurting their base and their bottom line by saturating the market. |
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Replies: 213 / Views: 42,240 |
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Posted 01/27/2017 11:24 am
