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Replies: 366 / Views: 37,368 |
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Valued Member
Canada
330 Posts |
I think they should make the boxes like a "thank you" gift when you complete the series. This makes it simple and clear so everyone has the same expectations. Also gives them time if there are delays with their suppliers. To offer them up as a bonus when subscribing causes all of the issues when there are delays. They're probably doing it to support sales of an item at launch but are leaving many collectors disappointed in their missed delivery dates. It seems they've learned their lesson from last years shipping issues with so many items to actually delivering coins on time or before (2013 GITD dino). Now they need to revise their box strategy and be consistent with it.
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Rest in Peace
Canada
1360 Posts |
The box, imho, is to display your completed collection. I am also collecting the Lunar series - that box is spectacular - but I keep it 'put away' until the set is complete. (really, I don't want it damaged!) Then I'll display the entire collection. I feel the same with the O'Canada series. I don't really have an issue when the box is shipped/delivered - just as long as sooner or later, it arrives, and before my last coin arrives. Looking at a box with empty spaces doesn't thrill me.
Edited by Dcadon 03/19/2013 08:39 am
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Pillar of the Community
Canada
1528 Posts |
Quote: If you make the mistake of cancelling your subscription before receiving the box you will be stuck with coins and no holder. You won't get the box and you won't have any clam-shells. I talked to the mint and they made it very clear that they are aware of the problem of box flippers and if the sense you plan of buying the subscription only for the box they won't sell it to you. pfft. I find it really silly. If the mint is serious in cracking down flippers and such, they shouldn't allow anyone to order more than 1 sets. They wants people to buy multiple sets but yet don't want them to flip them. Who is in the right mind to own multiple sets to keep? I only order 1 set so I don't really care when the box come. As some had suggested, I just find some shoes box to put these coins in until the box comes. I just find it annoying that I have to wait because the Mint try to curve people's flipping habbits.
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Pillar of the Community
Canada
981 Posts |
I don't understand why people think the mint cares about people flipping coins they could care less they are getting rid of their products what more could they want.
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Pillar of the Community
Canada
590 Posts |
Quote: I don't understand why people think the mint cares about people flipping coins they could care less they are getting rid of their products what more could they want. I'm pretty sure they don't care about flippers. I brought up reselling coins with my rep and he could care less. As you said they are just happy to be rid of the coins. I think the mint does not want people buying subscriptions and canceling them after receiving the first coin and the box. The box is supposed to be a free gift or incentive to complete the set. But with boxes fetching ridiculous resale values some people have been getting subs just to flip the box. It's pretty obvious they are cracking down on this activity.
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Pillar of the Community
Canada
6768 Posts |
You right Elkslayer, but keep in mind the fact, that sometimes, negative image of the flippers in the buyer's eyes could be passed to the items that the "flip" ... e.g. Mint products.
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Pillar of the Community
Canada
590 Posts |
What the difference today between a flipper and a official mint retailer? The guy at my local coin shop does the exact same things I do as a flipper. He hoards profitable coins and sells above suggested retail as soon as the coins are sold out. The only difference is that flippers are not required to meet any retail guidelines set forth buy the mint.
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Valued Member
Canada
330 Posts |
I agree with elkslayer and Dooby. The mint is happy to sell their product at issue price and enjoy the margins that go with it. They don't care who buys it and for what purpose. A sale is a sale and the quicker they can get the cash, the better for their business.
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Pillar of the Community
Canada
6768 Posts |
No difference at all. Both doing the same for living. And both works very hard in order to get amounts of the items and sell it properly. But on the emotional level - RCM dealer - like official entity with his privileges and limits - just doing his job, while private reseller kind of "someone from the street", that try to overpass all RCM limits in order to hoard as much as he can to block for the other people the possibility of buying cheaper, than he wants to sell. Quote: I agree with elkslayer and Dooby. The mint is happy to sell their product at issue price and enjoy the margins that go with it I also agree with this.
Edited by Silveroid 03/19/2013 11:49 am
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Pillar of the Community
Canada
590 Posts |
Quote:But on the emotional level - RCM dealer - like official entity with his privileges and limits - just doing his job, while private reseller kind of "someone from the street", that try to overpass all RCM limits in order to hoard as much as he can to block for the other people the possibility of buying cheaper, than he wants to sell. But that's a fallacy. Even if I had $10,000 and wanted to buy up all the $30 coins I could only buy 300 coin out of 30,000. That leaves 29,700 for everyone else. I can't see flippers having a significant impact on stock levels. The real reason that coins are selling out and people are driving up prices is because these coins are hot commodities and people want them. Simple economics; demand drives price.
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Pillar of the Community
Canada
1354 Posts |
I don't think the hoarders are trying to prevent or "block" people from buying. That would be impossible. Buying 30 items with a mintage of 10,000 is a drop in the bucket.... They are buying lots of what they have a "feeling" is going to sell well so that they are guaranteed a profit.
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Pillar of the Community
Canada
1354 Posts |
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Pillar of the Community
Canada
981 Posts |
And if the coin is a flop who benefits with the lower than issue price certainly not the flipper I don't hear people complaining about getting a deal from someone that was hoarding coins for sale later
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Valued Member
Canada
330 Posts |
What is different from speculating and buying up coins versus doing the same with stocks? Same principles and both are investments.
If I happen to buy a stock today at $30 and buy lots, why should there be an issue with it when it appreciates and I reap the benefit? Or conversely, if it goes down, I'm the one who bears the loss. I don't see the difference in principle and why people get upset over so called hoarding or flipping.
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Pillar of the Community
Canada
6768 Posts |
All this truth. We are in the free market, and it is ok.
Yes, resellers do not target to block access to the coins, but their actions do this.
"hot items", "demand"- this all correct.
But if I will go to PO and "pre-order" all 5 allocated to this place "Butterflies" - will not it eliminate the possibility from other people to buy the coin for issue price?
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Replies: 366 / Views: 37,368 |