The Canadian mint just released some 75th anniversary superman coins. Limited mintage.. thought someone here might want to know, I think they will sell out.
The Coins are 90% sold out after 4 days. Be interested to see what these will be worth in the future. It's combining the 3 biggest collectables, comics, coins and even stamps.
I have noticed several posts by you about buying coins. I hope you're not spending too much money on these "collectibles" -- anything being specifically made and marketed that way surely isn't a true collectible. Be careful.
royal canadian mint coins are terrible investments
but very fun and beautiful collectibles
some people buy them and try to flip them fast by getting issues that will sell out but it is a tricky process and you put up with a lot of hassles for small margins
For collectable coins I only bought the 20 for 20 silver coins and these coins. Overall only about 10% of my net worth is in collectables that includes my gold and silver maples.
As for the flipping I noticed guys on eBay doing that. Saw the gold coin for 969. The original price was 750. Have to keep an eye on it see if it actually sells.
Just curious, and not to make this thread too serious, but how much does it cost to insure gold coins and other collectibles? These things usually aren't covered under normal home/renters insurance, you have to ask for it specifically, right?
What I don't understand is why is the "Canadian" Mint releasing a coin of a "DC Marvel" comic character? Is it running out of themes or they just want some fun? :confused2: What's next, Batman?
As with the royal mail and all their various stamps as mentioned by Cal, if they can sell it and turn a profit, the mint will make it. To me they've gone overboard with the sheer quantity of these things.
i used to collect coins and stamps ... some of the caribbean nations (among others) will release a stamp to celebrate the 150th anniversary of the tennis shoe or to remember gomer pyle ... iow, they release so many crappy stamps that the collectible value is ruined
the mint is walking down the same road ... releasing so many coins celebrating and remembering just about anything you can think of which pretty much is destroying the investment value of any of this stuff
Looks like the coins were a good investment. I watched a couple auctions on ebay and they are selling for 15-30% over retail price. Hope you guys saw the post and picked some up. Anyways a moderator can delete this post now, the coins are mostly sold out.
it's still a very rough way to make a buck ... margins are thin and there is lot's of competition ... for every winning issue that you buy you will also be buying a loser ... this requires a lot of work and skill to make money at ... you only need 1 or 2 bad buyers and your profit can slide down the drain
Checked on ebay, it's 10% fee to list. The gold coin selling right now is $1,225 with 15 bids and 10 hours left, original retail last week was 750. Handling depends on the person. You never actually know how much you make in collectables until you try to sell but it looks good.
odds are about 50/50 that the coin will sell for gold value plus maybe a small premium in a couple of years ... there is just too much of this stuff on the market ... newer prettier coins will come out and everyone has to have it and the old stuff loses it's shine
the rights holder for superman can and will assign rights to all kinds of collectibles in the coming years and some of them will be mints
there are people who specialize in this quick flipping since supplies of popular coins are often very tight in the beginning, but it is a high risk game ... it only takes one crooked buyer and you can get creamed ...
but i am done with the mint and have sold all but one of their coins (i really like the 20 for 20 polar bear coin) since the "non-circulating legal tender" crap really hacks me
you should be able to spend the damn coin like a $100 bill and not have to go through some paperwork process and wait to get your money etc
Off topic ... fwiw ... a while back bought a coin through the Mint, thought about it, bought another identical coin through Canada Post ... Canada Post, no shipping charge ... worth looking into if anyone's buying from the Mint.
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