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 Replies: 32 / Views: 6,097 |
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Pillar of the Community
Canada
9864 Posts |
Many collectors(myself included)refer to the RCM's offerings of NCLT coins as giftware.Some find this term derogatory. Today I received the latest copy of "impression" from the mint.No circulation coins are featured in this issue,only NCLT coins.In 30 pages the word gift is mentioned no fewer than 14 times. . It appears even the RCM wouldn't be offended by the term giftware,they might even embrace it.
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Bedrock of the Community
Australia
21788 Posts |
My first love is ancients; I don't think they did NCLT! A few years ago, I was 'gifted' perhaps a couple of thousand dollars worth of NCLT. It all looks very nice, but it has not increased in value since it was 'gifted' to me, and the current values are near the original issue price.
My experience is that other areas of numismatics represent better opportunities for investment, if that is your thing. I will keep all of the items of NCLT that I have, because they were 'gifted' to me.
It seems that the mints are in business like everyone else, and so sell their products at a level which returns the greatest income for them (naturally). This situation however leaves little aftermarket scope for future price increases in most instances.
It is certainly true that some NCLT issues have had spectacular price increases after release. If you are a keen student of NCLT, of which I am not , you may be in a better position than me to pick these issues, and if you are an investor , re sell to make a profit. Unfortunately, this type type of investment to me has little numismatic value even though I have also purchased and resold NCLT for a profit. I consider that I was (maybe) lucky.
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Valued Member
Canada
287 Posts |
With this in mind, if you wanted to collect a full set of coins for each year what would you do for the fifty cent and silver dollar? Are they considered NCLT as they do not circulate? If so then would a complete set only be the loonie and not the silver dollar?  |
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Pillar of the Community
 Canada
9864 Posts |
No circulation silver dollars since '67
No circulation 50cents since 2002
No circulation nickel dollars since '86 (the '87 is NCLT)
Complete your sets as you see fit
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Pillar of the Community
United States
2408 Posts |
DBM, I'll go with giftware. The term giftware isn't the same as 'junk'. Big difference. It is also a collectible item.
But unlike other things people can collect, you can actually spend it to buy stuff. Not that it would be a smart thing to do but they are legal tender. Money, cash. Intrinsic value is also there, like bullion coins.
My gram-ma loved silver spoons and I enjoyed arguing with her that she should have kept mint state halves and quarters instead... To each his own.
NCLT have been around for a long time, and I think they are here to stay. I will submit to the audience that, with electronic money's relentless worldwide acceptance, NCLT may eventually be the only new coins to talk about.
Just like the penny...
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Valued Member
Canada
307 Posts |
Quote:Many collectors(myself included)refer to the RCM's offerings of NCLT coins as giftware.Some find this term derogatory. I would expect that the term is considered offensive as it could be seen as belittling some ones collection....insinuating that NCLT are not real coins. I don't have a problem with what things are called (I collect PL sets among other things) and my goal is to get one of every one minted including varieties......collection or not you decide |
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Pillar of the Community
United States
2408 Posts |
I think guppie's comment is accurate. I'd be inclined to leave "giftware" to describe things like RCM watches and such things like:  I was tempted to get one for my wife...  Edited by canadian_coins
01/24/2011 2:30 pm
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Pillar of the Community
Canada
838 Posts |
Yes, there's a huge difference between 'ol Bessie the cow on a triangular coin and an ordinary 2004 PL half dollar. For my collection, I draw the line somewhere in between, but I respect anyone who wants to make a hobby out of collecting... well... pretty much anything.
(When I was a kid, I branched out from hockey cards to sticker albums, baseball cards, then Gulf War cards and Garbage Pail Kids. Hockey card collectors would have laughed, but I had fun -- what the heck!)
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Valued Member
Canada
62 Posts |
Giftware? I don't think so, but I do see a disturbing 'trend' where chief complaints on the Mint's site seem to be that certain coins are too small to give as gifts (e.g. 1/25-oz gold coin). Some people are quite foolish; who said that the only worth of these coins is their value as 'gifts'?
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Pillar of the Community
United States
2408 Posts |
defone, I read that too. I think the Mint's position is that gold is so expansive that they have no choice if they want to sell something in pure gold - and reach broader markets. Perhaps the Mint should make NCLT thinner, but larger in diameter. Like the $20 2011 Winter Scene Vs $20 2008 Agriculture. The 2011 has the appearance of a bigger silver coin.
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Valued Member
423 Posts |
Defone: I think those people might be buying the 1/25th gold coin online without having ever seen one in person. They might not read the size the mint provides (I think you have to click on the second tab to see that) or even know to look. I find it hard to believe if they did see a coin in hand they would buy it and then complain it is too small. Not doing any homework on a purchase does make one foolish.
Maybe the mint should tell them have you seen our 1oz gold coins and when they look at the price the 1/25th coin might seem the right size. ;P
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Valued Member
Canada
62 Posts |
^ Understood, but '1/25 of an ounce' should give people an idea as to actual physical size...
As for price, perhaps a cost comparison with a full 1-oz. gold piece will shut people up.
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Valued Member
423 Posts |
It also doesn't help that the coin is out of scale with the case on the Mints website either. It is a great coin this year with a lot lower mintage. Just be aware of it's size. Nothing at all wrong with the coin though.  Edited by realpenny
01/27/2011 10:27 pm
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Pillar of the Community
United States
2408 Posts |
Indeed realpenny, it's more like this:  |
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Valued Member
Canada
322 Posts |
Quote:Many collectors(myself included)refer to the RCM's offerings of NCLT coins as giftware I watched a 2007 nuthatch sell for $175.00 this afternoon on ebay...now there was a piece of gift ware with investment potential Edited by Koin Hunter
02/09/2011 8:47 pm
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Pillar of the Community
United States
2408 Posts |
Yes Hunter, and same can be said for NLCLT (No Longer Circulating Legal Tender) such as the nickel 50 cents, the dollar bill, soon the penny etc. They also make good gifts for those who collect them.
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Replies: 32 / Views: 6,097 |
Posted 10/22/2010 12:32 am
