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Is $38 per coin a good price for Canadian Grizzly's?
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<p>[QUOTE="MalakingAso, post: 1355872, member: 33557"]My hunt for Grizzly's and the two other coins led me to a phone conversation with a Canadian bullion dealer. Not that he old me anything I hadn't heard or didn't know, but it struck a cord with me.</p><p><br /></p><p>I told him my plan was to buy a tube of each of the six coins in the series and then have 25 complete sets when all is said and done.</p><p><br /></p><p>In short, he said it sounds nice but in reality you likely won't see the premium increase you're hoping for. And the subsequent coins to the Timber wolf likely will never reach the crazy premiums they command today. Why? The first coin always gets everyone excited but then the excitement wears off with each subsequent release of a coin. Finally, he said he has seen the RCM produce numerous series of coins and with each new series the previous series loses some or all of it's premium. He said they will release one right on the heels of the wildlife series that will result in the market being flooded with the coins of the wildlife series at much better prices than you see today, especially on the Timber wolf.</p><p><br /></p><p>He ended the conversation, which was lengthy and very educational for me, by saying that he chooses rounds (ASE or Mapleleafs) over sets any day of the week. He wants more metal and he wants coins that are in demand no matter the climate and he wants to get them as close to spot as possible. </p><p><br /></p><p>With specialty sets he says you may find a single buyer but you will be hard pressed to find 25 buyers at the price you want or need. He has seen this time and time again not only with speciality sets but limited minted ASE's and Mapleleafs (i.e. 1996, etc). Easy to find one person to pay $75 per 1996 ASE coin but good luck finding more than that and when you need it.</p><p><br /></p><p>Bottom line, he personally does and recommends people to stick with popular in demand rounds over anything speciality. I think his logic is sound and again, one that isn't new but thought I would share his thoughts.[/QUOTE]</p><p><br /></p>
[QUOTE="MalakingAso, post: 1355872, member: 33557"]My hunt for Grizzly's and the two other coins led me to a phone conversation with a Canadian bullion dealer. Not that he old me anything I hadn't heard or didn't know, but it struck a cord with me. I told him my plan was to buy a tube of each of the six coins in the series and then have 25 complete sets when all is said and done. In short, he said it sounds nice but in reality you likely won't see the premium increase you're hoping for. And the subsequent coins to the Timber wolf likely will never reach the crazy premiums they command today. Why? The first coin always gets everyone excited but then the excitement wears off with each subsequent release of a coin. Finally, he said he has seen the RCM produce numerous series of coins and with each new series the previous series loses some or all of it's premium. He said they will release one right on the heels of the wildlife series that will result in the market being flooded with the coins of the wildlife series at much better prices than you see today, especially on the Timber wolf. He ended the conversation, which was lengthy and very educational for me, by saying that he chooses rounds (ASE or Mapleleafs) over sets any day of the week. He wants more metal and he wants coins that are in demand no matter the climate and he wants to get them as close to spot as possible. With specialty sets he says you may find a single buyer but you will be hard pressed to find 25 buyers at the price you want or need. He has seen this time and time again not only with speciality sets but limited minted ASE's and Mapleleafs (i.e. 1996, etc). Easy to find one person to pay $75 per 1996 ASE coin but good luck finding more than that and when you need it. Bottom line, he personally does and recommends people to stick with popular in demand rounds over anything speciality. I think his logic is sound and again, one that isn't new but thought I would share his thoughts.[/QUOTE]
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Is $38 per coin a good price for Canadian Grizzly's?
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