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Replies: 46 / Views: 12,023 |
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Bedrock of the Community
United States
10038 Posts |
It hurts anything, as a whole, when "special" becomes the norm. Variety is the spice of life is true. However, when you have 2,000 different flavors of ice cream to choose from, the time it takes to look through them all and make a decision can cause a person to say, "just forget it!" Future collectors will have a wide variety to look back on so they can decide what they would like to collect. However, overwhelming is, well, overwhelming and cheapens the experience. Making trinkets would seem to be a way of increasing the customer base to include people not interested specifically in coin. I wonder if the trinkets initially selling well are from coin collectors ordering the pieces or the general public is paying more attention to the RCM's products?
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Moderator
 United States
14463 Posts |
I voted half/half.  They produce lots of different coins which makes it difficult for a collector to get them all.  They are also making items to appeal to a wide audience, so they are probably selling more and might be getting new people into collecting.  I don't normally get Canadian coins, but this one spoke to me. 
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Valued Member
Canada
457 Posts |
When I started collecting NCLT I bought the Canadian coins volume two Collector an Maple Leaf Issues book and went through it. At the time I remember looking at the all the amazing looking coins hopping I could buy them for myself. But I remember right from the beginning I knew I was going to stay away from the 50 cent coins as well as everything over a $4 face value, just way to expensive and way to many. For the most part I have kept to this and I've managed to get more or less everything that was in that first book. Since then I have continued to buy anything with a dollar face value and for some reason anything with a dinosaur on it. But as a new collector now looking at all the NCLT that I would have to buy to complete a collection I believe I would just walk away as it would seem way to overwhelming and impossible. Im Not even sure off the top of my head how many Dollar/Loon coins I have but I know I have one of everyone made and two of almost everyone made that have a different Queen on it because I didnt want to have to flip them over to see the different fronts Counting them seems like a project for the next rainy weekend 
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Pillar of the Community
Canada
6768 Posts |
Quote: It hurts anything, as a whole, when "special" becomes the norm. This is very true. And explains popularity of the coins, that limited not only by mintage, but also by target group (public can get them, but only from the secondary market for increased price)
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Formerly nancyc
Australia
5385 Posts |
Quote: Could have said exactly the same thing regarding the Royal Australian Mint, and would have got exactly the same opinion from me.  All Mints appear to be on this bandwagon. Churn it out ASAP, never mind the theme or if it makes any sense.
life is a mystery to be lived not a problem to be solved
Edited by Nevol 10/17/2017 9:25 pm
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New Member
Canada
24 Posts |
RCM coins, one of the worst investment you will ever make. How's that for a marketing slogan.
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Valued Member
Canada
135 Posts |
WOW! I'm surprised by this poll's results! As of tonight, 50% of responses indicate that the RCM has hit bottom. I must admit, I'm in this category... but I am shocked that 50% of voters are in the same boat. This is not good. If we assume that this poll represents "avid" collectors (most people on this forum are die-hards / enjoy the hobby enough to talk about it), a number like this has to worry the RCM: 50% of the customers that spend the most, are the longest-term customers, and speak the loudest aren't happy. If I had half of my customers heading to forums and speaking negatively about my organization's performance, I would clean house and/or RAPIDLY sell my business!
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Pillar of the Community
Canada
1571 Posts |
The RCM can produce coins that are second to none in terms of purity and quality. But the commissioned coins and shaped/coloured/ etc. gimmicks and simply insane release has done it for me. Guide books are practically doubling in size each year now.
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Valued Member
Canada
217 Posts |
They lost me when they went Hollywood. May as well be the Tuvalu mint for all that most of the RCM NCLT coins have to say about Canada or her history. That said, some of my fave RCM coins have been recent ones - the 2015 100th anniversary of In Flanders Fields enameled being my favourite RCM issue ever. So I guess I complain about the RCM the same way the two old ladies complain about the food in the diner - "this food is greasy and undercooked and practically inedible!" "Yes, and such small portions, too."
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Valued Member
Canada
393 Posts |
Personally I think the Mint has done a good job and has produced a ton of amazing coins in an effort to reel in as many customers as possible and maintain profitability.
That said, it appears the honeymoon has been over for awhile now as nearly every long term collector including myself is echoing the same sentiments, drastically reducing the number of products purchased annually or switching their focus to less volatile and more traditional collecting.
When the focus is almost entirely on the bottom line, it's easy to lose sight of those who have helped make record profits a reality. This is evidenced by the noticeable drop in quality control, sudden cancellation of an affordable series (Lost Ships 50 cents to name just one) among the many other reasons for the separation.
Before deciding on a purchase I ask myself many questions such as 'do I really need this coin?', 'will this fit in my collection?', 'will I still enjoy it even after a depreciation of 50-75%?' and 'is this something that I will be able to sell later or pass on to someone who will appreciate it further?'.
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Pillar of the Community
Norway
1358 Posts |
Quote:The RCM can produce coins that are second to none in terms of purity and quality. And milkspots. Don't forget that they're second to none when it comes to milkspots.
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Moderator
 United States
189053 Posts |
Quote: Don't forget that they're second to none when it comes to milkspots. Except maybe the US Mint. 
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New Member
Canada
15 Posts |
1. Too expensive 2. Mintage too high (get those numbers low and people will get excited again) 3. Get a new creative director (bland, unimaginative, repetitive right now)
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Pillar of the Community
Norway
1358 Posts |
Quote: Except maybe the US Mint. 100% of my Canadian bullion coins / high silver NCLT eventually developed milk spots.  I can't say that about my American coins. I might be lucky there, but the number there is really much much lower.
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Moderator
 United States
189053 Posts |
Quote:100% of my Canadian bullion coins / high silver NCLT eventually developed milk spots.  I will then concede that they are second to none.
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Replies: 46 / Views: 12,023 |