There seems to be something lacking in the Canadain NCLT market recently. There is no "buzz" or excitement regarding this years issues. It is the same themes over and over again. Another Maple Leaf, another eagle, grizzlie bears. And the RCMP yet again, never a popular subject.
There are have been very few sell outs in the overall coin market ( RCM and other dealers). A few gold low mintage coins have sold.out. The only coins sold out everywhere is the Pysanka, the St .Edwards coin, and the Maple Leaf high relief coin. The lack of sell outs may be due to mintage as well. The RCM has increased mintage for all coins this year.
The RCM market needs a boost. Which should come with the apearance of King Charles on the obverse. Sorry, I do not count the King Charles Cypher coin as the true first King Charles coin, especially with QEII still on the obverse. I am sure lot of coin collectors are holding out until KIng Charles appear.
The problem is QEII died almost a year ago yet her coins are still being marketing. Like the Cypher coin with 15,000 mintage! Obviously the QEII coins have been planned for a long time but perhaps the mint should be more flexible with their releases.
While I agree the NCLT market is in the doldrums, I rhink its issues are larger than what a change in monarch portraits can solve.
I agree that the switch to Charles' portrait will very likely boost the market, but, IMO, it will only be a temporary thing unless other issues are addressed at the same time. The Mint has created the poor situation with too many issues, too many gimmicks and too few meaningful designs.
The problems can be fixed, but the Mint needs to better understand the collecting interests of its core customer base and not continue to chase after short-term collectors with novelty issues. It costs less to retain customers vs. constantly attract new ones - the Mint has lost sight of that over the last decade.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Quote: The problems can be fixed, but the Mint needs to better understand the collecting interests of its core customer base and not continue to chase after short-term collectors with novelty issues. It costs less to retain customers vs. constantly attract new ones - the Mint has lost sight of that over the last decade.
For me this had a problem. The moment Mint started to release what I thought to be great (never released designs, circulation coins on 38mm planchet etc), I already felt 'overfed' with amount of releases and tried not to buy a thing.
Btw, yesterday midnight EST , the TSC release, probably by mistake the mail with new release, however links haven't led to new coins on their site. The First Nations coin was designed very well, priced CAD 104.95. However, not many people will be interested.
Quote: The Mint has created the poor situation with too many issues, too many gimmicks and too few meaningful designs.
The problems can be fixed, but the Mint needs to better understand the collecting interests of its core customer base and not continue to chase after short-term collectors with novelty issues. It costs less to retain customers vs. constantly attract new ones - the Mint has lost sight of that over the last decade.
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Posted 07/26/2023 08:48 am
