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Double Concave Silver Loonie 10oz

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Canada
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 Posted 10/03/2018  3:02 pm Show Profile   Bookmark this topic Add wilsonwu89 to your friends list Get a Link to this Message Number of Subscribers
It has an ultra low mintage of 112 for $1999. Worth it?

I thought about buying it...but 10 oz is not worth it. But the mintage is cool. But there's nothing stopping RCM from flooding the market with similar coins ala Big Coin Series so I'll sit this one out.
Edited by wilsonwu89
10/03/2018 3:02 pm
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Canada
798 Posts
 Posted 10/03/2018  6:08 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
$200/oz? That is pretty much the going rate for RCM Silver PF NCLT these days I guess ...
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vonigohcr's Avatar
Canada
665 Posts
 Posted 10/03/2018  8:10 pm  Show Profile   Bookmark this reply Add vonigohcr to your friends list Get a Link to this Reply
$200/oz is 10x bullion... That is a new high for NCLT premium. At that price, the only reason to buy is if you are irrevocably drawn to the coin and love it. It is for your collection, not investment or flipping.
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Canada
6768 Posts
 Posted 10/03/2018  8:28 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
$200/oz is 10x bullion


This is crazy!

For some of my coins, I was offered CAD 20 for 1oz.. so basically CAD 20 for 1oz Proof Silver coin.
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Alex A's Avatar
710 Posts
 Posted 10/03/2018  10:30 pm  Show Profile   Bookmark this reply Add Alex A to your friends list Get a Link to this Reply
Sad but true. The dealers tell me they are buying at slightly over BV for most proof coins.
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Canada
798 Posts
 Posted 10/04/2018  07:55 am  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
I was at Canada Coin and Currency yesterday and they were buying 1935-1967 SD for $8 and proof 1oz 9999 coins for $14-$22.

1935-1967 SD were selling for spot +8% (excluding key dates in both cases of course)
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Dcadon's Avatar
Canada
1360 Posts
 Posted 10/04/2018  5:09 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
Since it's already sold out, I guess I can post a picture of it... I see $2999 Cdn - NOT $1999 Cdn. so....$300/ounce - a bit of a stretch for anybodies budget.

Double-Concave-Silver-Loonie-10oz
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barriecarson's Avatar
Canada
370 Posts
 Posted 10/04/2018  8:48 pm  Show Profile   Bookmark this reply Add barriecarson to your friends list Get a Link to this Reply
I believe this coin sold out before making it to public sale.
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Looney4Numi's Avatar
Canada
659 Posts
 Posted 10/04/2018  9:02 pm  Show Profile   Bookmark this reply Add Looney4Numi to your friends list Get a Link to this Reply
That's strange. I've never seen the mint sell above issue, especially 33%.

It was $1,999.95 at CC&C.
Double-Concave-Silver-Loonie-10oz
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 10/04/2018  9:59 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
I believe this coin sold out before making it to public sale.


I did not get any advance notice from my rep for this coin.

Only got the VIP advance notice from CC&C.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 10/08/2018  7:32 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
It says $1,999.95 when I search for it.
Many loonie collectors probably just dropped out of any hopes of completing their collection
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commems's Avatar
United States
12255 Posts
 Posted 10/08/2018  9:52 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Many loonie collectors probably just dropped out of any hopes of completing their collection

No doubt!

I think quite a few hopes were also dashed with this set from last year! $5,499.95 CAD!

Double-Concave-Silver-Loonie-10oz


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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SilverDon's Avatar
Canada
2360 Posts
 Posted 10/08/2018  9:53 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply
Why the reeded rim. No loonie has a reeded rim.

Loonies aren't round they are 11 sided coins.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 10/08/2018  10:05 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
Many loonie collectors probably just dropped out of any hopes of completing their collection


Most loonie collectors don't consider these expensive gimmick 5oz, 10oz, gold etc. part of the regular loonie collection.

For example, how many collectors got these $5500 gold loonies?

https://www.colonialacres.com/product-p/156041.htm
Edited by MoneyPenney
10/08/2018 10:07 pm
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Canada
6768 Posts
 Posted 10/08/2018  10:12 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
The idea, with the 10oz could be good, if the RCM would issue in the parallel, the "normal" Piedfort Silver Loonie (same dimensions as original, but double-thick).

The very reach collectors will be happy to get the ultra- limited release, and average Loonie collectors will be happy to get the Piedfort coin.
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canadian_coins's Avatar
United States
2408 Posts
 Posted 10/10/2018  5:31 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
I can't imagine spending that much for 10 ounces of silver. The original price of $3,000.00 was outrageous yet it sold out. $300/ounce. Insane.
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