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2018 October RCM Releases Include Gimmick Coins

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Pillar of the Community
Canada
634 Posts
 Posted 09/30/2018  12:15 am  Show Profile   Bookmark this reply Add Electrum to your friends list Get a Link to this Reply
It is 10,000 mintage
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Canada
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 Posted 09/30/2018  08:49 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Could be, if the Mint releasing "test tokens", means, that soon we will have some change in the currency?

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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 09/30/2018  1:20 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
Thanks for the information. I am surprised that they have 10K (60k tokens) available. That seems like a lot of lab used test pieces. Have to wonder about condition and how sets will vary.

At least one seems to be dated 2016 and another uses the Robert Bateman image of a moose for the 2012 $20 ag. Would be interesting to see that on a circulation coin.

"A glimpse of future possibilities. These are tried,tested and true examples of forward-thinking technology that could re-define future domestic or foreign coins."

New Member
Canada
17 Posts
 Posted 09/30/2018  3:03 pm  Show Profile   Bookmark this reply Add Steve309 to your friends list Get a Link to this Reply
Anyone have a photo of these test tokens ? As I'm not able to find any images
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SilverDon's Avatar
Canada
2360 Posts
 Posted 09/30/2018  3:23 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply
Tried to put a link to the CA product page but you have to log in to your account to view.

Here's one on ebay;

https://www.ebay.ca/itm/6-SECURITY-...AOSwLvxbr3-c

Edited by SilverDon
09/30/2018 3:25 pm
Pillar of the Community
Canada
6768 Posts
 Posted 09/30/2018  3:53 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
With the limited mintage of 10.000 it might be "super-hit", and sought after even by international collectors.

Inexpensive starting price allows the sets to be loaded / hoarded and makes a room for appreciation.
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 09/30/2018  4:30 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
Maybe. I have a few of the test token sets from prior years and while they had higher mintages, few if any sell now for even issue price. I got the 2012 set for 40% off from Canada Post. My bet would be the 2018 sets will lose value fairly quickly.

They are interesting though and that ebay seller is asking $30 for each token. That's a very hard ask IMO.

C/A have now sold 3 sets in three days.

Edited by CC-Ottawa
09/30/2018 4:31 pm
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 Posted 09/30/2018  4:44 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
10000 mintage of anything will never be rare
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 09/30/2018  6:47 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply


Especially in today's NCLT market. The RCM has been reducing mintages for the past several years to no avail. Except for a few "hot" coins, most coins remain unsold.

Colonial Acres still have 46 sets left. They are hardly flying off the shelf.

The tokens will appeal to the hard core coin collector but it will be a big yawn to the general public. Ask anyone who is not into coin oollecting and they will have no clue what tokens are. "A token?" "you mean for the bus".


Quote:
Inexpensive starting price allows the sets to be loaded / hoarded and makes a room for appreciation.


Hoarding for hopes of appreciation only works if demand outstrips supply and I doubt demand for the tokens is there as I explained above.

You are better off spending money hoarding these tokens on the stock market.

Edited by MoneyPenney
09/30/2018 7:29 pm
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Optimist-numismatist's Avatar
Canada
683 Posts
 Posted 09/30/2018  7:22 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply

Quote:
. 2018 October RCM Releases Include Gimmick Coins


And in other news, fish like to be in water.
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 Posted 09/30/2018  8:33 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Thank you for explain, guys.

Thought about the Tokens cause them aren't usual RCM NCLT item..
And since, there are a lot of people worldwide, who follows RCM, they might find the set unique, and start to want it.

**actually I still under impression from the token set from the other thread.
Edited by Silveroid
09/30/2018 8:35 pm
Pillar of the Community
Canada
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 Posted 09/30/2018  10:10 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Seems like the RCM is just taking 4 previous test token designs and now used these dies to produce 10000 sets and sell them like any other regular issued NCLT or test token sets sold before. At one point I thought this set was random old stock used tokens, that would have been cool. There is a small market of token collectors just look at the recent auction of the 2 tokens from the 2015 Vancouver Monetary Conference where the reported mintage is 250 sets, thanks to info from a member poster here.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 09/30/2018  11:06 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
If the RCM is just using dies of test tokens to make more tokens seriously devalues them. Like john100 said, these tokens are like the rest of the NCLT coins. Worse, they are not even silver, so there is no bullion value to them.

Since they are not the actual tokens used, use this analogy: Game-Worn sports jerseys are worth way more than replica jerseys.
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 Posted 10/01/2018  07:56 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
If the RCM is just using dies of test tokens to make more tokens seriously devalues them.


This actually truth.
And looks like, RCM just strikes "replica" tokens to sell.

They should be very inexpensive then.
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 Posted 10/01/2018  12:01 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Unless a test token was used for saleman's sample or tokens sent to vending machine companys to calibrate new sizes or weight and not returned, some of these are rare, but anything the RCM issue and sell as test token sets are what they are. There is like the cool looking 2016 caribou token, why would the RCM strike 10000 or more for testing what, obviously they are restriking these old design, the other thought is maybe a decent amount of these 4 tokens are in private hands and this is a way to make them common and make a few bucks.
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