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The Coin Show - 5oz. Beaver

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Pillar of the Community
1007 Posts
 Posted 02/03/2013  10:50 am  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
Gatewest is sold out (at least the 5oz is sold out) why would they do it Monday lol
Trust me, this information bothers me a lot, polar bear not so much, because its a bullion coin. This one really makes me mad, because it looks like every other mint product, sold in the traditional way. Other stores still have the 5oz at issue price, but this makes me think about why this 5oz was sold for $20 more than regular 5oz coins. Maybe this process added $20 to the issue price.
Pillar of the Community
Canada
5324 Posts
 Posted 02/03/2013  11:03 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
gatewest hold back popular coins like the farewell to penny series and raise prices on them, but my point is the same when one company is allowed to control the mintage of a coin, the collectors me and you will pay more.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 02/03/2013  3:10 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
gatewest hold back popular coins like the farewell to penny series and raise prices on them, but my point is the same when one company is allowed to control the mintage of a coin, the collectors me and you will pay more.


For the 5 penney set, Gatewest didn't even allow people to buy the set at issue price. The only time they listed for issue price was in the middle of the night with phone calls only. As soon as the store opened in the morning, they were selling them for double the issue price.
For the bummblebee coin, they jacked up the price twice in one day on the first day of public issue.
They seem to follow forums like this one and RFD and ebay trends to sense what is hot.
So for sure we will see a price jump for the 5 oz SML.
Pillar of the Community
1007 Posts
 Posted 02/03/2013  3:16 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
I wouldn't be so sure, I doubt it'll be like the penny set. IMO
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poboxw's Avatar
Canada
1502 Posts
 Posted 02/03/2013  3:33 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
@john100:
I disagree. Not that I was partial to the beaver 1 and 5oz before, but knowing that they are the work of one slick private dealer (however nice the owner is in person) instead of mint artists puts me right off the coin.
Collectors, you and i, don't have to pay the high price. Just don't buy it.
Pillar of the Community
Canada
5324 Posts
 Posted 02/03/2013  3:46 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
the whole point is the RCM should not have this policy of having a semi private mintage with benefits. This dealer just took advantage of this policy to make more profits.
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poboxw's Avatar
Canada
1502 Posts
 Posted 02/03/2013  4:36 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
Right, in doing so cheapening the mint's name perhaps but to no detriment of collectors that pick and choose what to collect.
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