There is no limit of limited editions
RYK
Posts: 35,800 ✭✭✭✭✭
Over the years, I have often brought up the comparison between the explosion of baseball cards issued in the 80's and into the 90's and the mintage and marketing of current day coins, a term I call baseballcardization.
As I sit and browse the forum, I see a google ad for a 2013 Canadian Bald Eagle Lifetime Mates 1 oz. silver coin, and, hooray, there is a limit of 7500 coins that will be offered. It occurs to me that there is an unlimited supply of "limited edition" coins that are being offered by our neighbors to the north, and we are closing on them, as well. More to the point, there is probably a limited number of collectors that can or want to keep up with the stream of issues and packaging options. I know that I am personally exhausted by all of the "limited edition" SAEs getting pumped out by the Mint.
What is somewhat ironic is that we live in an era in which we hardly use coins as a medium of exchange (I did drop 4 quarters in the machine to fill my automobile tires with air today), yet we are pumping out more coins than ever before in my lifetime.
As I sit and browse the forum, I see a google ad for a 2013 Canadian Bald Eagle Lifetime Mates 1 oz. silver coin, and, hooray, there is a limit of 7500 coins that will be offered. It occurs to me that there is an unlimited supply of "limited edition" coins that are being offered by our neighbors to the north, and we are closing on them, as well. More to the point, there is probably a limited number of collectors that can or want to keep up with the stream of issues and packaging options. I know that I am personally exhausted by all of the "limited edition" SAEs getting pumped out by the Mint.
What is somewhat ironic is that we live in an era in which we hardly use coins as a medium of exchange (I did drop 4 quarters in the machine to fill my automobile tires with air today), yet we are pumping out more coins than ever before in my lifetime.
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but, if you went into the station and asked them for air, they would activate it from the inside
and no quarters would be required. Just that most people do not know this and they may
reserve it for their own customers (those they know). But ask anyway, it does not hurt.
Then you can send me 50 cents every time you save a dollar!
bob
If you think about it, all rare coins are limited. You just don't know what the limited number is.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Well, just Love coins, period.
If I recall correctly, several years ago some of the silver coins fell below their bullion value - to their face value.
People tried to deposit the coins into bank accounts or exchange them for cash, but the banks wouldn't take them, nor would the RCM take them back. I think eventually the Bank of Canada stepped up and redeemed the coins for face value if you mailed them in.
The RCM puts more nominal face values on their coins now!
Check out the Southern Gold Society
<< <i>I don't collect Canadian coins anymore, but I'm not sure there is a secondary market for most of their NCLT, except on a bullion value basis.
If I recall correctly, several years ago some of the silver coins fell below their bullion value - to their face value.
People tried to deposit the coins into bank accounts or exchange them for cash, but the banks wouldn't take them, nor would the RCM take them back. I think eventually the Bank of Canada stepped up and redeemed the coins for face value if you mailed them in.
The RCM puts more nominal face values on their coins now! >>
I believe that happened with some of the Olympic silver coins.
The old joke is that the "limited edition" means the limit is how many they can sell.
An authorized PCGS dealer, and a contributor to the Red Book.
Liberty: Parent of Science & Industry
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Now with the 5 coin 25th anniversary sets they see money again.
I have included comments in a few recent mint surveys about making too many special sets. Many special = none special + fatigue as RYK noted. I have a number of buffs this year, too. Monetary fatigue is another issue (CW? brings that one up). I haven't even bought first spouses yet.
I also note the survey recently asked about a single year issue Palladium coin. I suggested they use it for a big commemorative issue like MLK.(Congressional approval required)