Prices Rebounding On NCLT? - Coin Community Forum

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Author	Replies: 4 / Views: 1,075
wilsonwu89 Pillar of the Community Canada 705 Posts	Posted 12/24/2023 3:02 pm I noticed for like some time after the whole $20 for $20 debacle, prices on NCLT crashed to below issue price. I left coin collecting for a while. I just didn't feel into it anymore. I came back into it this year and find bidding on stuff really competitive now. Does anybody else find that collecting has rebounded? Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 12/24/2023 8:43 pm I feel that most (not all), NCLT issues, after their price has bottomed out in the numismatic aftermarket, will follow bullion price trends. A way of acquiring bullion coins that usually have very high minting standards. At least, that is how I collect them. An exception: Some NCLT have done very well. An example is the 2009 one ounce proof Double Eagle. I would love to get one of those! ------------------------------------------------------------------------------------------------------------------------------------------------------ I am not surprised that the $20 for $20 issue is regarded as a debacle. I will move in on these at near bullion pricing. Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12250 Posts	Posted 12/26/2023 07:04 am In my experience, it is a coin-by-coin situation as to whether there is renewed pricing pressure on NCLT issues. There has been a bit of a general increase due to the price of silver/gold rising, but I don't consider that an increase in the numismatic component of a coin's market price. Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
MoneyPenney Pillar of the Community Canada 2984 Posts	Posted 01/01/2024 02:12 am If there is any rebounding of prices, it is for a few select coins. Overall there is no rebounding of prices. You only have to look at coin stock at major online dealers like Gatewest. Except for a few coins, every 2023 release is in stock at issue price. As for ebay, few coins sell above issue price. A few like the Allegory of Peace sell for a small premium that is eaten away by fees. Hardly worth the effort. Recent ebay policies like charging taxes on purchases that was previously tax exempt have also put a damper on sales. Inflation, cost of living increases, leave little disposable income for unnecessary hobbies. Edited by MoneyPenney 01/01/2024 02:14 am Report this Post to the Staff
canadian_coins Pillar of the Community United States 2408 Posts	Posted 01/02/2024 9:01 pm MoneyPenney just nailed it. The NCLT buyer mindset needs to be 100% about emotional desirability rather than the potential for profit. They all eventually reach bullion prices with a premium. Report this Post to the Staff
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