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 Replies: 79 / Views: 13,494 |
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Pillar of the Community
Canada
6768 Posts |
Quote:
For all the beaver and bunny chasers/collectors, this is certainly good news but disappointing for the rest who ordered the entire collection and are now stuck with them. This is true. But the fact, that the coins have been available everywhere as singles , except the Mint. I still think, that the set is nicer, than couple of designed, but all depends on preference and budget. Bought only the first and the last coin from CA and Canada Post. |
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Pillar of the Community
Canada
2984 Posts |
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For all the beaver and bunny chasers/collectors, this is certainly good news but disappointing for the rest who ordered the entire collection and are now stuck with them.
Why are you are stuck with them when the coins are the same price whether they are available as singles or as a subscription? With the subscription you get a box. No box if bought separately. |
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Pillar of the Community
710 Posts |
I have not seen this set below issue price with the box included.
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Pillar of the Community
Canada
6768 Posts |
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I have not seen this set below issue price with the box included. Not so fast, the set is "fresh". What probably happen, the single coins will be loosing in price, and they will drag the set. The best example is "Lakes" set, which sells under issue price (not to mention 1oz O Canada set - selling it way below issue). The model of subscription + availability of single coins is flexible for mint, but doesn't keep it's value on the secondary market. |
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Pillar of the Community
United States
1026 Posts |
There is one way below issue: http://www.ebay.com/itm/191683405330I kept an eye on it. The seller has been lowering the asking price week on week. I am tempted, but the lack of chance that this set will ever gain in value makes me say "no"... Plus, it's still USD435 which I'd rather spend on 5 of the upcoming ATB bullion pucks (that'll be 25oz rather than 6oz of silver). |
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Pillar of the Community
Canada
2019 Posts |
Ya sadly this is the way for lot of the RCM higher mintage stuff, with ebay/paypal fees the seller will be lucky to get $500 for 6 coins and the case. Issue was like $100 each right? Edited by Northerncoins
09/08/2015 1:46 pm
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Pillar of the Community
United States
1026 Posts |
Issue was CAD109.95 (please, let's not mix up $ and $ - they can mean either USD or CAD). ;)
So, if the seller sells for USD415 and considering he ends up paying 10% in final value fees and some 3% to PayPal, this will leave him with a loss of CAD190 (give or take).
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Pillar of the Community
Canada
2019 Posts |
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So, if the seller sells for USD415 and considering he ends up paying 10% in final value fees and some 3% to PayPal, this will leave him with a loss of CAD190 (give or take). You just used US and CA in the same sentence! Now we are all confused! No just kidding lol. If you view in on ebay.com it only shows US but if you view it on ebay.ca it shows both us and ca. |
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Pillar of the Community
United States
1026 Posts |
You brought up one of my pet peeves - ebay's exchange rates. If you buy something that is being sold in a currency other than your primary currency in PayPal, PayPal will automatically convert it for you - and guess what - charge you some 2.5% for it. Hence, the converted price you see is not the price you pay. Even if you pay directly by credit card (& circumvent your PayPal account), PayPal will still convert it for you if your credit card is not in the currency of what you're buying. PayPal used to have an option of letting you pay in the original currency, but they got rid of it to make more money. |
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Pillar of the Community
Canada
1700 Posts |
At $500 I still decided not to buy it.
Even though it's a good price for collecting these coins, I called a local larger coin retailer and they offered to buy it for $300, since they don't have any in stock.
I prefer to spend either something like $450 or use that money to collect real nickels at high grade.
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Pillar of the Community
Canada
2984 Posts |
Quote:You brought up one of my pet peeves - ebay's exchange rates. If you buy something that is being sold in a currency other than your primary currency in PayPal, PayPal will automatically convert it for you - and guess what - charge you some 2.5% for it. Hence, the converted price you see is not the price you pay. Even if you pay directly by credit card (& circumvent your PayPal account), PayPal will still convert it for you if your credit card is not in the currency of what you're buying. PayPal used to have an option of letting you pay in the original currency, but they got rid of it to make more money. Its not PayPal converting the listing price. Its ebay by using the "sell" price for foreign exchange for its listings. For example, if it is US$100, then the ebay listing ln Cdn$ will be $130, even though the exchange rate is 1.27. Edited by MoneyPenney
09/08/2015 5:23 pm
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Pillar of the Community
Canada
2984 Posts |
Quote:
Even though it's a good price for collecting these coins, I called a local larger coin retailer and they offered to buy it for $300, since they don't have any in stock. Local coin dealers will NEVER offer you issue price, catalog value, or current trends for ANY coin no matter how hot they are. Businesses are to make money, ie. buy low, sell high. Don't forget dealers get a discount from the RCM or coin wholesalers so they are not going to offer you much if you just walk in the front door. Edited by MoneyPenney
09/08/2015 5:50 pm
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Pillar of the Community
Canada
5324 Posts |
We all agree that dealers deserves to make some profit on all stuff they sell or how are they to make a living, but to have almost every RCM issue to be half value instantly why would anyone purchase any future releases at issue prices. Almost every large RCM dealer is now offering discounts, watch the September TCNC auction it will give you a good idea where NCLT prices are heading. There is nothing really hot this year. |
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Pillar of the Community
Canada
2019 Posts |
Quote:We all agree that dealers deserves to make some profit on all stuff they sell or how are they to make a living, but to have almost every RCM issue to be half value instantly I guess most dealers know that these coins "could" and "do" drop in value, no point in taking that chance and paying even close to issue if they don't have to. |
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Pillar of the Community
Canada
1700 Posts |
The US Mint has prices that are, in my opinion, a lot better. At least as a consumer I would say that. It's a bell curve correlation between the price and profit, not what I know much about, so I can't speak from a dealer's perspective to say if the American system helps them make more money or if the Canadian system is still good.
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Replies: 79 / Views: 13,494 |
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Posted 09/07/2015 7:57 pm
