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CCF Master Historian of USA Commemoratives
 United States
11356 Posts |
Judging by the volume and character of collector posts here on CCF, it would appear that enthusiasm for Canada's Numismatic Products has definitely waned. But, based on its reported Financial Results (Q3 results were released in late November), the Mint is clearly maintaining a collector base for its products. It has shown quarter-over-quarter increases in Numismatic Product sales throughout 2023.
Per its Financial Reports, the Mint attributes much of its success in the area to demand for Queen Elizabeth II coins and King Charles III coins. IMO, the results are likely to have different drivers in 2024.
Surprised?
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
18724 Posts |
Definitely agree, commems. I made my first purchase from the RCM this year - the Queen Elizabeth II Royal Cypher plated with rhodium. It's absolutely gorgeous. But I don't foresee further purchases from them. And once the novelty of King Charles III wears off, sales of his coins will likely drop. By the way, I should have waited to purchase the Cypher - they're now available from 3rd parties for $15 less than from the Mint. Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
Canada
2982 Posts |
No doubt much of the RCM sale increases is due increased mintages for every coin this year. |
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CCF Master Historian of USA Commemoratives
 United States
11356 Posts |
Quote:No doubt much of the RCM sale increases is due increased mintages for every coin this year. Larger maximum allowable mintage figures only produce larger sales volumes if folks buy the coins. Otherwise, they mean little.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
12/15/2023 07:53 am
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Pillar of the Community
United States
1362 Posts |
I have no idea of proving this point, but I think that most coins in Canada or the states are not bought by collectors but by flippers. They purchase as much as they can to create a false shortage so they can jack up prices (I'm talking mainly about the many TV snake-oil salesmen).
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Pillar of the Community
 Canada
1589 Posts |
Quote:
Judging by the volume and character of collector posts here on CCF, it would appear that enthusiasm for Canada's Numismatic Products has definitely waned. Perhaps there are many more "lurkers" interested in Canadian numismatics than we are aware. I was a lurker for a few years before I became a member this year. I see at the moment the ratio of lurker to members active is 10:1 on the CCF. Just a thought.
Edited by Sharks
12/15/2023 4:00 pm
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Valued Member
Canada
84 Posts |
What is counted as a "lurker"? Myself, I do not login unless I have something to post, but a CCF page often stays open in my browser for a long time.
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Pillar of the Community
Canada
1589 Posts |
As of 2:00 pm today- Active Users: Quote:
Members: 127 Lurkers:1,599 Forum Total:1,726 Entire Site:97,911 Since that section lists members on site as well, I believe it to mean people who are not members of CCF or members who have not logged on and are viewing the site. I stand to be corrected. Edited by Sharks
12/16/2023 2:09 pm
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Replies: 7 / Views: 843 |
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Posted 12/15/2023 12:15 am
