@atticguy & @silveroid
I bang this drum (beat the dead horse
) on this topic frequently.
The
RCM Silver NCLT is priced between 4x and 5x bullion. I know it is more expensive to add GITD, paint, plating, convex, glass beads, swarovski and ornaments to the coins and I don't expect to pay SML pricing but this is a steep premium.
The gold issues tend to have less than 2x bullion premium. The $100 gold currently has 0.23 oz of Gold. At $1700CDN/Oz that is $390 and the $100 issues are released between $699 & $750. They include finishes such as painting etc.
It may be that there is a fixed cost that the higher gold base price allows for but then I would expect simply minted coins such as the 5c and 25c ones mentioned above to be closer to the 2-3x as they have no embellishments to justify the premium pricing for higher levels of trinketry (is that a word
)
Look at the annual commemorative SD; this year it is priced at $60 for 0.74 oz ... this is just over 3X of the retail SML price of $25. It is possible for the
RCM to price silver reasonably.
Until we (the buying public) vote with our wallets, the
RCM will continue to price silver outrageously.
I made the decision earlier this year that with the exception of set continuity (SDs etc.) I will buy no more NCLT silver from the mint. I will buy gold which will result in a smaller number of coins for a given spend but the overall value of the collection will not degrade quite as much or as fast... presuming stable gold & silver bullion pricing.
Any new
RCM silver NCLT I purchase will be from the secondary market 2-3 years or more after release to allow the market to deflate the asking price.
Posted 04/30/2018 12:34 pm
quickly.
