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 Replies: 12 / Views: 2,069 |
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Pillar of the Community
 Canada
665 Posts |
I just received notification from my rep of the annual $200 Gold 1/2 ounce.
The 29mm series is remaining however the "Early Canadian History" theme has completed its four year run and the theme has now shifted to "Tall Ships" the 2022 issue is a Brigantine.
Now I am not sure if this is all of the March Release and this is a preview or if this is the singular notification for March... The context was "Order Early and get a good chance at a low COA number"... regardless I anticipate a further March release announcement in the next day or so or there will be a bunch of disappointed folks.
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Valued Member
Canada
366 Posts |
I'm confused too. When will March advance notification be sent out to higher-tier members? This week or next week?
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Pillar of the Community
Canada
2984 Posts |
I think the delay is due to Family Day in most of Canada on Monday. If I am correct, the new releases will be shown to Diamond MC members tonight at midnight. Lower MC tiers will get advance notice in following days. General release to the public would be on March 1st, the first Tuesday of the month, the day the RCM usually release coins to the public. Also, if you go back to March, 2021 releases, you would notice first mention of March releases was late too, Feb. 25, which was midweek. Edited by MoneyPenney
02/22/2022 2:51 pm
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Valued Member
Canada
366 Posts |
Thanks @MoneyPenney. I'm looking forward to this March release. It's time for Pysanka!
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CCF Master Historian of USA Commemoratives
 United States
12251 Posts |
I'd guess the message received was early notification for a coin that is part of the March release. Of course, I could be wrong!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Rest in Peace
Canada
1360 Posts |
Wow. just looked at it on mint.ca - but really hitting a high tier for one coin $1999.99 for 1/2 ounce of gold - When I started buying the 24kt 1/2 coins they were about $500. ![March-2022-RCM-Release---Or-Is-It-Late-February-2022]() |
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CCF Master Historian of USA Commemoratives
United States
12251 Posts |
Quote:
...really hitting a high tier for one coin $1999.99 for 1/2 ounce of gold Will the price be a deterrent for you re: purchasing? Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Rest in Peace
Canada
1360 Posts |
It certainly has given me pause, as has all the price increases. I have to re-think my priorities in all aspects of my spending. Fuel is now nearly $100/tank. Food increases regardless of price must be purchased so where I cut back is the "stuff".
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CCF Master Historian of USA Commemoratives
United States
12251 Posts |
@Dcadon: I absolutely understand! I believe our hobbies need to be financed by our discretionary funds. Priorities!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
 Canada
665 Posts |
Quote:
I absolutely understand! I believe our hobbies need to be financed by our discretionary funds. Priorities!  That said, $2K for a half ounce of 99.99% gold is not an outrageous NCLT premium. Quote:
When I started buying the 24kt 1/2 coins they were about $500. That was in 2007 when the $200 1/2 oz moved from $490 to $580. (it was also 22K at the time, alloyed with Silver in contrast to the UK Sovereign which was alloyed with copper... the $200 1/2oz annual coin did not move to 99.99% until 2012 with the Great Canadian Explorer series). In 2006, Gold was approx $300 CAD for a half ounce, in 2007 it was approx $380. The pricing represents a 63% and 54% premium respectively. with the cost of a half maple today at $1330 CAD, the $2K price represents a 50% premium. I don't think the RCM are overpricing their gold (Silver is a different story), the overall cost is a reflection of the price of this commodity and the reduced discretionary income that many of us are experiencing thanks to the multitude of factors playing out in the world today. To name a few - Pandemic impacts, supply chain concerns with industrial usage, rising inflation, global instability, competitive hedge products (Crypto)... All of these factors over the last 15 years have allowed the price of gold to climb to its current level... there is also an argument that government intervention also depressed gold back when there were the large stockpile sell offs... In summary, as the price increases for the commodity, value added products such as NCLT also increase at pace but for most folks, this increase has not been reflected in our discretionary income levels. |
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Pillar of the Community
Canada
665 Posts |
Oh and by the way... Today is Feb 28... March is tomorrow and still no advance notice of the March Release (I am MC Diamond so I should get 7 days). It will either be a late release or a skipped month.
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Pillar of the Community
Canada
2984 Posts |
If the advanced notice don't appear tonight at midnight for MC Diamond members, March would be a skipped month. There has never been a skipped March month since I become a MC member. So I expect the notice would come tonight.
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Pillar of the Community
Canada
665 Posts |
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Replies: 12 / Views: 2,069 |
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Posted 02/22/2022 2:40 pm
