RCM Overpricing

Sorry, English is my second language.
What does the word backing mean in this case?

Yea great thread guys.

I been for fun, in my limited time been tracking these coins. As has been said before, and I have found to be true, very few coins appreciate beyond their initial value.

.... I wonder,,, its clear the dealers are sitting on inventory, sales are drying up, we know that, its pretty clear. Other dealers know this, and so they do marketing deals with the RCM, such as Silvertowne and their eagles series, etc.

I just wonder, do dealers have a 40-50% mark up? Or do they get incentives from the RCM such as vouchers on future product when they buy? I would imagine the dealers have to pony up the money upfront to purchase the coins and for X amount of product they buy and sell, they get either refunded in vouchers or coupons from the RCM towards future product they purchase, which in essence would also rope them into always buying product from the RCM, so that they are also locked into buying. Maybe thats how the RCM also manages to keep these high prices.


But yea, waiting patiently for prices to drop is the key, even on the hot selling coins. I picked up the first untamed gold and silver arctic fox coins for wayyyyyy less than the RCM price. The silver fox, as an example, I got the whole ball of wax, as sold by the RCM, from a reputable dealer on ebay for 62 bucks. The gold coin I got for like 240ish LESS than the RCM on the ebay as well.

The untamed Pronghorn, beautiful coin which I do NOT own, sold, graded PF70 was going for like 80ish, at auction on ebay about a month ago and they had many of them for auction.

so the bottom line is- you can find graded, ungraded NCLT coins for great deals by waiting and stalking on ebay or from dealers.

The problem, is I agree with others:

1- too much product

2- too high prices

3- too many gimmicks

I think the other part of this equation that is chasing some collectors away is the fact that they are paying top dollar for an item that is losing value, which it should collect or at least hold its value. Sure, some collect for what they like, and others collect what they like AND also like and want to see value over time, such as myself.

I think RCM will have to learn and change things soon.... I think the Perth Mint learned its lesson. If they dont, well ok, then let the RCM crash and burn as they burn their customers, even their core will leave them in time.

I think, both are correct.
About the salesmen - it just a guess, but the coin - of cause it equal almost nothing from the investment point of view... $20 or 1oz Silver.
they aren't for investment, but just a collection item with limited production.

But the Mint, as any manufacturer, free to set it's own price....yes, they overpriced.