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 Replies: 43 / Views: 7,167 |
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Valued Member
Canada
367 Posts |
I don't want to start any kind of conflict, but the mint is manipulating the market. They have a truckload of different coins like this with only a few thousand made they also have kilo gold coins with only 20-50 minted. more are minted every year with a bigger quantity mint. The gold and silver in the coin is way above market price. Look around the RCM's site you'll find 100s of other products just like this one. Like I said they're trying to manipulate the market by producing so little but they keep coming back each year. If you're interested in investing in gold you should look at this site https://online.kitco.com/ and buy gold/silver coins or bullion at market price Edited by cazzuey
09/18/2010 3:19 pm
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Pillar of the Community
United States
2408 Posts |
I can't see how the RCM can "manipulate" the market. If a coin is priced too high, it just won't sell. Profit is only possible if your sales exceed your costs to produce. Generally, this can only occur if you sell. But there is an interesting twist in coin collecting. If a coins is perceived "overpriced" and doesn't sell then fewer coins are produced. Ugly coins, weird and novelties can sometime turn out to be winners... |
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Pillar of the Community
United States
592 Posts |
Merchandising! Merchandising! - Mel Brooks - Spaceballs
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Valued Member
Canada
367 Posts |
They are trying to manipulate the market because they have seen in the past what has happened with rare coins like a 1948 silver dollar and they are trying to recreate that. If they we're to just issue 1-10 low minted products that would be sure to increase in value. They in someway fool into think it will increase in value. don't get me wrong I'm sure over time it will increase in price but since they have minted so many products like this one the value will increase way less. But I agree they are beautiful coins. like I said, I do not want to cause a conflict over this.
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Valued Member
Canada
62 Posts |
Quote:If you're interested in investing in gold you should look at this site https://online.kitco.com/ and buy gold/silver coins or bullion at market price. Understood, but if you are only interested in gold/silver as an investment, you should not be purchasing numismatics to begin with. The 'value' in numismatics is the limited mintage, design, etc. - not the precious metal content. Yes, the premiums charged by the Mint are high, but to keep comparing the cost of their coins against the spot price of the precious metals content contained in them is pointless. Bullion and numismatics are not the same thing, and are produced with different ends in mind. |
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Moderator
 United States
6563 Posts |
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but the mint is manipulating the market. Supply and demand plain and simple. They are only meeting a demand of collectors. If you don't want to support that then start a protest...just not here ple ASE |
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Valued Member
Canada
322 Posts |
WELL SAID....defone and Go...I couldn't agree with you's more..on this subject.....
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Valued Member
Canada
367 Posts |
okay guys chill I'm just trying to make a point you dont have to attack me
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Administrator
 United States
326 Posts |
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Pillar of the Community
United States
2448 Posts |
ATTACK? Great Snakes; I didn't see that coming. Women and children to the trenches....men....to the back room, there's a poker game to finish; don't forget the cigars and brandy! Quote:
Supply and demand plain and simple. They are only meeting a demand of collectors. I don't think anyone was attacking you cazzuey, they were helping you avoid conflict because of some of your declarations. I think your argument has some merit, but I don't know if the demand for many of the RCM products is really there. Look at the 95W ASE, man was I upset when the didn't honor my order. Perceived Demand, that's all. |
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Pillar of the Community
Canada
1051 Posts |
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The 'value' in numismatics is the limited mintage, design, etc. - not the precious metal content. An 1875 25c piece has value to coin collectors. A 1 ounce gold Maple leaf has value to bullion guys. A coin made out of gold that's selling for twice it's intrinsic value is not of particular interest in a numismatic sense or a bullion sense, it falls into a gray area somewhere in between, and that's where the mint makes it's money. Just don't ever let the mint tell you that you're buying "rare" coins which are sure to appreciate as an investment. |
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Valued Member
Canada
367 Posts |
I could not agree more the mint is turning into more of a buisness. They can just make any coin at a small mintage thus making it "rare" to potential buyers. Though there are 1 ounce silver and maybe gold maple leaf coins with private marks worth way more.
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Valued Member
Canada
183 Posts |
If I was to pay $2000.00 OR MORE for one coin it would be gold..
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Valued Member
Canada
276 Posts |
@David Mackenzie: Really? I'd be okay with rhodium, or palladium, platinum or a really HEAVY silver coin. Heck, I can think of a few small silver coins I'd pay $2k for... and even a few circulation coins. 2000P Caribou? SURE! Of course, I'd just flip it...
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Valued Member
Canada
367 Posts |
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Replies: 43 / Views: 7,167 |
First Page
Posted 09/18/2010 4:04 pm
