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 Replies: 213 / Views: 42,262 |
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Pillar of the Community
United States
3789 Posts |
and e-coins on ebay as well. I notice they always have, I dunno, must be Overstock of say Maple Leaf privy coins, other RCM NCLT coins, always slabbed, they run auctions all the time and the prices these coins come in always blows my mind, always always much lower than RCM retail price. Now this isn't necessarily a bad deal for collectors but it does hurt those buying directly from RCM, it has to be discouraging . |
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Pillar of the Community
Canada
1461 Posts |
As I always maintained. Until the RCM will stop flooding the market with far too many designs and coins, the problem will exists. It's unsustainable. At this stage of the game, you are looking at most dealers buying 2 year old RCM product (with some rare exceptions) at bullion prices. The mint needs to reduce numbers to below 2000 for the $20 coins. Under 5000 for $10 coins. And keep the price below $30 for anything else that has high mintage. |
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Pillar of the Community
United States
3789 Posts |
MCM has recently had auctions for the 2015 Master of the sky coin, slabbed, both 69 and 70. I recently picked up a 69 for a family friend and didnt have to pay the full price nor did I have to be a RCM exclusive customer. Now to me, I was super happy to get this coin, great price. HOwever, this has got to be killing the appetite of RCM collectors. I really think the RCM needs to just stop with so many coins, so many varieties and have much lower mintages also, perhaps 1,000 and less. |
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Pillar of the Community
Canada
3690 Posts |
Quote:I really think the RCM needs to just stop with so many coins, so many varieties and have much lower mintages also, perhaps 1,000 and less This will only happen when people stop buying. The RCM cares about one thing....short term revenue. They have zero incentive to reduce the offerings or mintages. Their goal is, and should, be market price equilibrium to maximize return for it's shareholder...the Government of Canada. If coins sell on the secondary market for more than issue, the RCM missed the mark. Sure that's killing the hobby but frankly that is not their concern. Even traditional circulation coin collecting does little for the Mint. One could argue that it actually hurts the Mint because it denies them the ability to profit through the ARP. NCLT collecting for the Mint is about profits right now - current year reporting in a political environment. It's not about developing a lasting hobby, other than to create short term customers. I also believe that much of the increased coin production ties directly to one dealer in Richmond Hill. He has been driving sales for a few years now and he, along with the Mint, have been riding this unsustainable bubble. It cannot last because it relies on constant churn of new customers. Eventually, they will run out of buyers. The good new is, once the bubble bursts (and it's coming soon IMO), mintages and number of issues will necessarily come down.  |
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Pillar of the Community
 Canada
798 Posts |
The Mint can run at a loss indefinitely as it is a Crown Corp. Their bad business practices are back stopped by taxpayers.
What's more ... I just received a 'Net Worth Audit' letter from the CRA, and I am wholeheartedly convinced that the Mint has been reporting customer sales over a certain amount to the CRA, so CAVEAT EMPTOR.
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Pillar of the Community
Canada
3690 Posts |
Quote:
The Mint can run at a loss indefinitely as it is a Crown Corp. Their bad business practices are back stopped by taxpayers. The Mint does not lose money. Nor would it be politically acceptable for them to produce collector coins (especially cartoon characters) at a loss. There is little doubt if the RCM was not contributing cash to the governments coffers (30M last year), heads would roll at the Mint. |
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Rest in Peace
United States
233 Posts |
Quote:
... It cannot last because it relies on constant churn of new customers. Eventually, they will run out of buyers ... There are new future-pre-schoolers born every day, so why would the market for Disney-themed coins ever go away? There are new future-tweenies born every day, so why would the market for Marvel-themed coins ever go away? Okay, just to be fair-minded: https://www.nytimes.com/2017/04/07/...or-hulk.html ... Marvel Comics May Have Slumping Sales, but Don't Blame Its Diverse Heroes My own (albeit ugly) guess is that the pop culture trinket market is bigger & more sustainable than the numismatic or survivalist markets. Cheers, /s/ ikeyPikey |
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Bedrock of the Community
Australia
21786 Posts |
I hope SOMEONE in the RCM is reading this thread !  |
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Pillar of the Community
Canada
1027 Posts |
RCM listens to no one. I have become totally disillusioned with them. When I asked a question, on the RCM website, about the boring packaging of the black sleeves, I was told " Oh but that is the joy of opening the maroon clamshell with the black sleeve and finding the gem inside!" PUHLEEEEEZE.....RCM is just getting cheap and cutting corners every which way they can and printing black sleeves for most of their coins. I just stop ordering coins that I would have purchased had they had a graphic beauty box.
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Rest in Peace
United States
233 Posts |
Quote:
... that I would have purchased had they had a graphic beauty box ... The foodies say 'presentation is everything'. One of the key claims in Apple's trademark/etc infringement suit against Samsung was about presentation. Specifically, Apple claimed that mounting the phone on a (?)pedestal inside the box - so that the first & only thing you saw when you opened the box was the phone - was a specific & intentional bit of trade dressage/livery/whatever that they introduced to the market. (Mr Jobs often talked about the way this invited you to pick up the phone, and play with it, so as to get your product experience off to a good start.) So, while New1954's complaint about the plain black sack set my eyeballs rolling, I can see - on second thought - that New1954 is in very good company, and the point is well-taken. Cheers, /s/ ikeyPikey Edited by ikeyPikey
05/02/2017 4:22 pm
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Pillar of the Community
Canada
5324 Posts |
I would not give the RCM's marketing dept so much credit, Apple is a unique company in all aspects, how do you make 3 billion profits every 90 days. The RCM's marketing is simple, if you keep buying we ship the cheapest packaging avaialable |
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Pillar of the Community
Canada
2984 Posts |
Quote:The RCM's marketing is simple, if you keep buying we ship the cheapest packaging avaialable Exactly, why would the RCM change its policies when people keep buying their products? Take for example the Confederation Medal. You would think they can at least give a wooden box instead of the red maroon case when the coin costs $900. Yet that coin sold like hot cakes. As well, people say there are too many issues and too many not related to Canada's history. But the most recent Star Trek coin, the Captains, is now awaiting stock, close to a sell out. So someone is buying them. Edited by MoneyPenney
05/02/2017 5:32 pm
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Pillar of the Community
Canada
1027 Posts |
@MoneyPenney I initially subscribed to this series (three 10 ounce Medals at almost 900.00 per coin). When I took a further look and found that they were encased in a cheap maroon clamshell with a boring black sleeve, I cancelled my order. I will no longer order items without decent packaging. Take a look at everything that you buy and you will find that the packaging is what invites us to take a further look at what is inside. The marketing and production team at RCM need to open their eyes with the packaging as well as the high mintages of their coin issues. Most people are now learning that you can buy on secondary market or the coin show for much less in a few months. @ikeypikey Your comment is excellent. If you purchase many coins from RCM, you will find that most come in maroon clamshells with black sleeves and not a black sack (maybe this was just a typo on your part). Maybe I am the only one that keeps HARPING on about the packaging; however, I have stopped buying many coins for this reason. The MC coins, The Voyageur, The Library of Parliament and the latest 50 cent coin all come with unique packaging that make them extremely valuable and distinguishable amongst my collections. I do not place my coins in binders so when I go to look for a specific coin, I am drowning in containers full of black sleeves. All series should come with identifiable sleeves or custom boxes and not plain black packaging. I really hope RCM has someone reading our posts:)))) |
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Rest in Peace
United States
233 Posts |
Quote:
... most come in maroon clamshells with black sleeves and not a black sack (maybe this was just a typo on your part) ... No, not a typo ... I was trying to capture & echo your disdain for the plain packaging. Cheers, /s/ ikeyPikey |
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Bedrock of the Community
United Kingdom
17918 Posts |
I understand that the RCM is now offering tasteful home extensions so that collectors have room for all their new issues for the next couple of years or so...  |
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Replies: 213 / Views: 42,262 |
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Posted 04/07/2017 4:34 pm
