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Posted 06/02/2021 12:36 pm
June 2 and most of the June release is sold out on the RCM site.
Remaining available as of this morning are:
Pure gold (99.999%) - 1.125 oz - FV $350 - Canadian Wildlife Series #3: The Caribou - 34mm - Mintage 450 - $4,499.95
Set: 1oz Silver Twoonie + BRX $2 Banknote - 25th Anniversary of $2 Bill replacement - 38mm - Mintage 7,500 - $149.95
Of interest, the 1kg gold tiger is not showing up for me on the RCM site. While it shouldn't fly off the shelf at $105K, there are only 33 to be minted and I would assume that the small set of folks with that kind of disposable income would jump on this as they have in the past though maybe the jump from $84k (Last Year's 1kg lunar) is too much.
Possible additional interest, the two 1oz gold coins from May (10 cent 1936 dot and the Ramming Bighorn Sheep) are also still available. Is it possible that buyers are balking at the impact of a 1.8x bullion metal multiple for a proof coin when the price of the commodity has risen so much? June saw the launch of the third in the Canadian Wildlife Portrait 5-nines 1 1/8 oz gold coins. All three are identical in size and composition however the Cougar in 2019 was issued at $2,800 and sold out. Both 2020 and 2021 releases were priced at $4,500 and neither have sold out to date though to be fair, the mintage increased from 2019 to 2020 from 400 to 450. This is a 60% rise in price; Gold has been on a rollercoaster this year but the increase in the cost of bullion has not exceeded 50% between 2019 and 2021 and has often been quite a bit less.
Gold has always had a higher cost of entry than silver but the bullion multiples have always been lower... approx 1.6x at the 1oz size vs. Silver which has seen multiples of 4x-6x. I know at the lower price of silver, packaging etc. consumes a greater percentage of the "Cost of Goods Sold" but the high multiple has been what has convinced me to move away from Silver... I no longer buy silver from the RCM with the exception of maintaining my ongoing collection series (36mm SD, Silver Loon/$2 and certain Renewed series). I hope that the RCM does not move the cost of gold any higher (relative to bullion) as that will have me questioning any new NCLT from the RCM. On second thoughts... that may be reasonable as I may be able to afford to upgrade my 1945-1948 dollars.
Remaining available as of this morning are:
Pure gold (99.999%) - 1.125 oz - FV $350 - Canadian Wildlife Series #3: The Caribou - 34mm - Mintage 450 - $4,499.95
Set: 1oz Silver Twoonie + BRX $2 Banknote - 25th Anniversary of $2 Bill replacement - 38mm - Mintage 7,500 - $149.95
Of interest, the 1kg gold tiger is not showing up for me on the RCM site. While it shouldn't fly off the shelf at $105K, there are only 33 to be minted and I would assume that the small set of folks with that kind of disposable income would jump on this as they have in the past though maybe the jump from $84k (Last Year's 1kg lunar) is too much.
Possible additional interest, the two 1oz gold coins from May (10 cent 1936 dot and the Ramming Bighorn Sheep) are also still available. Is it possible that buyers are balking at the impact of a 1.8x bullion metal multiple for a proof coin when the price of the commodity has risen so much? June saw the launch of the third in the Canadian Wildlife Portrait 5-nines 1 1/8 oz gold coins. All three are identical in size and composition however the Cougar in 2019 was issued at $2,800 and sold out. Both 2020 and 2021 releases were priced at $4,500 and neither have sold out to date though to be fair, the mintage increased from 2019 to 2020 from 400 to 450. This is a 60% rise in price; Gold has been on a rollercoaster this year but the increase in the cost of bullion has not exceeded 50% between 2019 and 2021 and has often been quite a bit less.
Gold has always had a higher cost of entry than silver but the bullion multiples have always been lower... approx 1.6x at the 1oz size vs. Silver which has seen multiples of 4x-6x. I know at the lower price of silver, packaging etc. consumes a greater percentage of the "Cost of Goods Sold" but the high multiple has been what has convinced me to move away from Silver... I no longer buy silver from the RCM with the exception of maintaining my ongoing collection series (36mm SD, Silver Loon/$2 and certain Renewed series). I hope that the RCM does not move the cost of gold any higher (relative to bullion) as that will have me questioning any new NCLT from the RCM. On second thoughts... that may be reasonable as I may be able to afford to upgrade my 1945-1948 dollars.
