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 Replies: 12 / Views: 2,402 |
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New Member
India
8 Posts |
Hi All, I want to know which are forever hot selling RCM items. Thanks |
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Pillar of the Community
Canada
685 Posts |
face value circulated coins
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New Member
 India
8 Posts |
No, I mean which series people buy the most...
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Pillar of the Community
Canada
798 Posts |
2009 S$20 Goalie Mask coins.
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Pillar of the Community
Canada
2984 Posts |
An oxymoron question. In other words, there are no "hot" RCM coins. They are all headed toward bullion value. |
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Pillar of the Community
United States
2408 Posts |
This is an interesting question. You need to look at historical data to have some perspective. Take the 1967 $20 Gold coin as an example. For many, this coin is considered the first NCLT produced. In the 1968 Charlton Catalogue, this coin was valued at $40 (issue price was around ~$32 considering that it was part of a set). With 0.529 tr. oz of gold, this coin had an intrinsic value of just about $20 when gold was approx. $39 / oz. Basically, you were exchanging $20 for $20 in gold. In terms of metal value Vs face value this was the best NCLT ever produced. The RCM will never - ever produce anything close to that in terms of value.
Awesome! well... let's look at it in today's numbers. With inflation alone, that $20 in 1967 means $153 today so obviously you're not going to consider face value anymore. The good news is that it has 90% gold content. Indeed today, this coin has $832 worth in gold content. But let's say that you invested $20 back in 1967 in CD's, bonds or stock averaging 8% return you'd have a nice $1,094 today (not considering taxes). ~$1,000 is probably what you'd pay for this coin today. I.e. break even. With fees and shipping, it's a probable loss. Running the numbers again with the first NCLT silver dollar $1 1971 - a $1 invested in 1971 would be worth $40 today. This coin sells for less than $20 which is a total loss. From then on, we can walk though all NCLTs and come across the occasional blip - such as the "rare" 2002 Queen Mother Dollar that once commanded a $500 premium. That same coin can be had for $150 now. My point is, you have to collect coins for the love of it. If you are in it for the money than yes, go for it. But expect some serious losses in the long term because unlike the early NCLTs, today's coins have much less intrinsic value. They may sell well early on but these coins will eventually reach bullion price, just like the early NCLTs. (If you think circulation collectors are better off, think again... In 1963 the 1948 dollar was quoted as $80 in UNC... which is $6,000 in today's dollars at 8% rate. Inlation alone is $700. Graded UNC sells for less than $2K) |
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Pillar of the Community
Canada
798 Posts |
I started buying in 1999 to hedge the rest of my portfolio, which turned into a passion for graded coins. No doubt, the stock market has performed much better than NCLT, but also 90% of the companies that existed in the 60s and were listed on the exchanges are long since bankrupt. I can tell you lengthy stories of people losing fortunes in BRE-X, Northern Telecom, GM, Research in Motion, etc etc.
I think a lot of silver/gold investors are hedging against a global debt deleveraging event, in which case prior losses get swept up in a tide of inflation. Anyway, this is a hypothetical event that should have occurred but continues to be rolled out into our children's and grandchildren's future.
I stopped buying NCLT in 2016 for a number of reasons mentioned here, but for the same reasons mentioned in this post, I have no immediate plans of selling either.
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Moderator
 Canada
10456 Posts |
These are the ones I do not foresee trending to bullion value... ever... 2007 Silver wedding loon proof sets - a set sold this past December (no reserve auction) for CAN$556 https://www.ebay.ca/itm/2007-ROYAL-...233054243992 2009 $20 Goalie Mask silver coin "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
United States
2408 Posts |
Quote:
Northern Telecom NT... what a sad story. My oncle lost all of his pension fund and had to go back on the road selling insurance at 65. At least, coins will hold their intrinsic value. |
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Pillar of the Community
Canada
6768 Posts |
The original poster asked about "forever" hot selling, and as people replied - probably none with rare exception of some Goalie Mask coins, 2007/2008 Baby-Marriage coins.
Together with this, if we will take each time period, there will be coins, holding ther value, prior declining in the asking price. As examples:Poppy SD , The Sun SD.
Look also at 2011-now "Baby Feet" series - it is slowly growing and keeps its value with aging.
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I know very well the ex-Nortel building. It is huge. Going via all the corridors and halls, sometimes possible to see the 'artifacts' left by previous owners.
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Moderator
Canada
10456 Posts |
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I can tell you lengthy stories of people losing fortunes in BRE-X, I made a lot of money with BRE-X, I just figured after it went up more than 10 times what I paid for it - it was time to sell... that helped me buy my first house. I am also a geologist, and the press releases about analyzing the entire core (and not splitting it) and the lack of cross holes (to tie in the deposit) were red flags to me - and also influenced my decision to sell. Six weeks later... the scam was exposed... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
 Canada
665 Posts |
@SPP-Ottawa Quote:
I made a lot of money with BRE-X That just reinforces the old adage that Timing has a lot to do with the outcome of a Rain Dance. Good for you. Most folks ask me for my stock tips and when I mention it is time to buy... they sell... It has been a good strategy for them  |
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Pillar of the Community
Canada
665 Posts |
Back to the OP's question: Quote:I want to know which are forever hot selling RCM items. In one respect, I think the question is what you mean by "Hot". If you mean has a continuing market then regular issues such as the 36mm $1 SD and the 27mm $100 14k Gold are standard issues and will sell well. If you are looking for sellouts with appreciating value... well that changes with the times. Sometimes it follows new technology... the Glass Ladybird sold well and appreciated but subsequent issues fell flat and even the original ladybird has dropped in value recently. Sometimes it is nostalgia, the $20 aviation series 1 & 2 saw a good deal of interest in the Lancaster and Avro Arrow. Sometimes it is pop-culture, the $75 Gold Superman from 2013 seems to be retaining its value; and occasionally a coin will appeal for cultural or fringe reasons such as the Pysanka or Falcon Lake coins of recent years but if you are looking for long term appreciation, there are only a handful of coins that have retained their value never mind appreciated over a 10 year period. One of the most obvious areas where coins have appreciated is '80s and earlier gold but that is due to the bullion value exceeding the original purchase price (as was noted above with the 1967 $20 gold) and you still have that option today with bullion issues... if you believe in PM appreciation. If you are looking for a formula to pick coins that will exceed issue price, even in the short term, good luck... you are better off looking at the stock market. For all the talk in this forum about Bre-X, RIM, NT et al, Coins whether circulating or NCLT are not the place to invest for future growth. There are investing strategies that have bullion as a hedge but in reality coins should be purchased for enjoyment of the hobby... not for investment. |
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Replies: 12 / Views: 2,402 |
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Posted 02/15/2019 11:45 am
