Royal Canadian Mint -April 2013 Release - Page 7

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Author	Replies: 595 / Views: 54,644	Page: of 40

unclekim Valued Member Canada 315 Posts	Posted 03/13/2013 1:02 pm Quote: haha, anyone else feel that neither coin will make it out of MC? Mask will NOT sell out at both RCM+CP ;) High chance that it won't sell out even at RCM (IMO, of course) Edited by unclekim 03/13/2013 1:12 pm Report this Post to the Staff
Asoul New Member Canada 39 Posts	Posted 03/13/2013 1:03 pm I'm betting the moon mask will sell out first because of the no purchase limit. Report this Post to the Staff
Mrpiedfort Pillar of the Community Canada 663 Posts	Posted 03/13/2013 1:06 pm Let's have a poll. Between the butterfly and the grandma moon mask. Report this Post to the Staff
unclekim Valued Member Canada 315 Posts	Posted 03/13/2013 1:13 pm I can bet $20 canoe on butterfly ;-) Report this Post to the Staff
BiBo Pillar of the Community Canada 1189 Posts	Posted 03/13/2013 1:26 pm so far, I order 2 mask, 2 butterfly. Will decide later whether get one more mask or butterfly after the public release. Report this Post to the Staff
tocoins Valued Member Canada 396 Posts	Posted 03/13/2013 1:36 pm One possible rational explanation for the ever increasing price of mint release is that the mint is testing how far they can push it to squeeze out the 'flippers/hoarders'. If the issue price and what collectors are willing to pay narrows, it will dissuade such activities. Silver price has gone up, but not by that much. Can't justify some of the price jack up we see in recent. Any one care to chime in? Report this Post to the Staff
unclekim Valued Member Canada 315 Posts	Posted 03/13/2013 1:41 pm Quote: One possible rational explanation for the ever increasing price of mint release is that the mint is testing how far they can push it to squeeze out the 'flippers/hoarders'. Yes, yes. And governments increase taxes on alcohol and tobacco purely to squeeze out addicts. Report this Post to the Staff
elkslayer132 Pillar of the Community Canada 981 Posts	Posted 03/13/2013 1:43 pm Why would the mint want to get rid of flippers? Who is going to buy the extra coins they have then? Does not make sense mint could care less who they sell to as long as they sell and make money. Report this Post to the Staff
Mlalonde1977 Valued Member Canada 246 Posts	Posted 03/13/2013 1:50 pm It's always a question of bid/ask, like the stock market... Until there enought buyer for the ask price, the price keep going on... When the demand for mint product will lose some pace, I think the price will stabilize... Report this Post to the Staff
coin_games Valued Member Canada 319 Posts	Posted 03/13/2013 2:01 pm I agree, the instant sell-outs are good for the Mint. It frustrates non-MC members so they spend more to get the same status. Report this Post to the Staff
tocoins Valued Member Canada 396 Posts	Posted 03/13/2013 2:17 pm I am just being curious mostly. Isn't flipping coins kind of similar to scalping tickets? http://answers.yahoo.com/question/i...70756AA6UB3H Report this Post to the Staff
coin_games Valued Member Canada 319 Posts	Posted 03/13/2013 2:42 pm I don't agree. The coin flippers take on the gamble of hoarding coins that don't increase in value or need to wait for certain coins to increase substantially. I'm guessing a lot of flippers are using credit cards Usually after ebay fees and time it all breaks-even. Who benefits? The Mint, Canada Post, ebay, Credit Card companies, etc. Report this Post to the Staff
tocoins Valued Member Canada 396 Posts	Posted 03/13/2013 2:49 pm @coin_games, you have valid points. Say if I were running the mint, I see that people are willing to pay twice as much for my products in the secondary market. What is there to stop me from raising up the price? I would imagine I would happily oblige to do so. Edited by tocoins 03/13/2013 2:50 pm Report this Post to the Staff
coin_games Valued Member Canada 319 Posts	Posted 03/13/2013 3:05 pm @tocoins The Mint has raised the prices on a couple items, not too much because that would scare everyone away. Plus they have increased mintages on most of their releases and they have brought out so many new coins most people can't collect them all. The Mint also has the power to manipulate the market by stating 90% sold or awaiting stock, while they sold the majority to their re-sellers. Or holding back orders to most people, while others can increase the price/demand. I think the Mint is in a really good position. If the Mint wants to make some easy money, they can sell 20,000 rolls of 2013 pennies for $200 per roll. Report this Post to the Staff
elkslayer132 Pillar of the Community Canada 981 Posts	Posted 03/13/2013 3:22 pm If you sell lawn mowers are you scalping these are my personal property I am selling Report this Post to the Staff
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