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 Replies: 555 / Views: 40,122 |
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Pillar of the Community
568 Posts |
@T1Steel
They are still available on the Post Office website, so I don't see a problem for you to receive one.
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Pillar of the Community
Canada
1571 Posts |
How can the market value be anything above issue price if none are in the hands of buyers yet? Especially CC&C. Since they are an official mint dealer, does the quantity they received count as selling out at the mint?
Now I'd really like to know how many they got.
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Pillar of the Community
Canada
1027 Posts |
Canada Post shows packaging with Goose Coin. No mention of subscription. So, for sure these are singles.
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Pillar of the Community
Canada
2845 Posts |
Quote:
How can the market value be anything above issue price if none are in the hands of buyers yet?
Not saying this happens.....BUT it could be possible for a dealer to sell out their original RCM allotment to buyers, then some of those same buyers sell back (consign) their goods to the dealer, prior to it being shipped. Dealer and buyer split the profit after the item is resold. While a questionable tactic, I suppose this might be justified in the name of "customer demand". Edited by wildflowerAB
10/04/2016 7:12 pm
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Pillar of the Community
Canada
1571 Posts |
Or more likely the same scenario but without the selling than buying back and reselling.
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Pillar of the Community
Canada
2845 Posts |
Quote:
Or more likely the same scenario but without the selling than buying back and reselling.
Yeah, possible. But if buyers participate through consigning back, they're more apt to also hype the goods. Free promotion, no cost advertising. I really have no idea although I suspect it's a selling model that could work if buyers are desperate enough to pay more than issue price, seems the #1 topic regarding NCLT always pertains to $$$. |
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Pillar of the Community
Canada
1571 Posts |
If the dealer can just list the coin at a higher price, why would they sell it, just to buy it back and than resell it and split the profit with someone else? That makes no sense if they can just raise the price. Especially since no one has the coin in hand. Theses antics might sell out the series but they're killing the hobby, specifically NCLTs. The RCM playing games with MC members isn't helping the situation. I like the series, but if I can't get all 6 coins for under issue price, I'm not going own them. People that argue that they like the design still doesn't justify the cost even at issue price since the original series could be bought for under $1000 which includes the $20 gold. Someone should commission the 1967 $20 gold coin design and sell it as a 5 oz silver and ask $1000. Im done with NCLT. |
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Pillar of the Community
Canada
659 Posts |
Quote:
He's smart. Buying/commissioning these coins will certainly make them a huge profit. It's the big shots that allowed this deal that are at fault.
I hope they don't allow this shady practice in the future but I'm sure they will. You mean it's solely the RCM's fault because Bromberg can't help himself when he conducts business "unethically?" |
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Pillar of the Community
Canada
1571 Posts |
Unerically? The RCM seems ok with it. |
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Pillar of the Community
Canada
5324 Posts |
Why would an RCM dealer buy back a hot coin when all they have to do is sell one at issue and instantly raise the price, at least CCC is still offering the set at issue, if they commissioned the set, they probably have half the issue. |
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Pillar of the Community
Canada
1571 Posts |
All the people that buy coins from him seem to be ok with it.
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Pillar of the Community
Canada
1571 Posts |
CC&C is actually asking $999.99, not issue price.
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Pillar of the Community
Canada
2845 Posts |
Quote:
People that argue that they like the design still doesn't justify the cost even at issue price since the original series could be bought for under $1000 which includes the $20 gold.
Not being critical toward anyone who truly is captivated and has the $$$ to spare, but amidst reports of product disappearing off the shelf, yes, it's okay to say no.  Indeed it's sort of interesting that as many as 2,150 people are willing to buy a commemorative and pay 10x or more than what it costs for an original one in mint state condition. I'd be extremely curious to know, but of course never will, of those 2,150, how many have both types or is the original 1967 version just too old and boring? |
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Pillar of the Community
Canada
2845 Posts |
Quote:Why would an RCM dealer buy back a hot coin when all they have to do is sell one at issue and instantly raise the price...... It happens routinely - RCM Sold Out Dealers list at issue price, dealer Sold Out A short while later dealers list more stock, this time at a heavy premium, So either the dealers lie about being sold out, or they accept consignments or buy more stock from somewhere. What other possible explanation could there be? Edited by wildflowerAB
10/04/2016 9:42 pm
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Pillar of the Community
Canada
659 Posts |
Quote: Unerically? The RCM seems ok with it. So, what does that say about the RCM? |
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Replies: 555 / Views: 40,122 |
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Posted 10/04/2016 6:11 pm
