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 Replies: 213 / Views: 42,293 |
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Bedrock of the Community
Australia
21786 Posts |
There main reason why the major mints around the World are making profits on collector modern mint product collector issues is due to excellent marketing and promotion techniques. Besides, the quality of modern mint collect product is very high.
Unfortunately, highly professional marketing and promotion in the first sale, where profit has to be maximized, does not lead to retained high price in the numismatic aftermarket.
Probably best to buy modern NCLT in the aftermarket at gold or silver spot price plus a variable premium, depending on the issue. That is what coin dealers do.
Edited by sel_69l
02/12/2017 8:08 pm
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Pillar of the Community
Canada
3690 Posts |
Quote:I think one of the issues behind the lack of published "mintage" figures (sale figures, actually) for 2015 and beyond is the fact that the RCM is still selling 2015-dated coins on its web site. It's hard to publish final sales figures when you are still selling the coins. But the publish numbers have always be for sales in that year. In theory at least, they should be auditable and be supporting documents for reported gross sales. If a coin was dated one year and also sold in a previous or subsequent year, sales would appear in two annual reports. They would have to be aggregated to get final numbers. I was expressly told via voice message that the 2015 report would be published soon. That was in May 2016. My inquiry in Oct 2016 was ignored. I guess if they are not published or in the new Charlton v2, I'll have to spend the fee to file an access to information act request. Edited by CC-Ottawa
02/12/2017 5:47 pm
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Valued Member
Canada
155 Posts |
I have Charlton 2015 what coin montage are you looking for ill look it up when I get home I'm out atm at parents in laws.
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Pillar of the Community
Canada
3690 Posts |
Thanks but the 2015 would only have 2014 at best. More likely it would have actuals for 2013 issues and maximums for some of the 2014 coins. We'd need 2017 in hopes that somehow Charlton got the 2015 data. It's not in the "2016" volume 2 that I have - which was actually published before the end of 2015.  |
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Rest in Peace
United States
233 Posts |
Quote:
... I've noticed plenty of Directors, analysts, shippers, audit, IT but oddly, no frontline sales positions ... What about warehouse jobs? Clerical jobs? It could be that only jobs above a certain salary/rank need be posted where you are looking. Cheers, /s/ ikeyPikey |
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Valued Member
Canada
155 Posts |
I don't have 2017 yet I have 2016 and older ones.
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Pillar of the Community
Canada
2845 Posts |
Quote:
What about warehouse jobs? Clerical jobs?
It could be that only jobs above a certain salary/rank need be posted where you are looking.
Cheers,
/s/ ikeyPikey
I've seen some of those too as I recall, although not so often. But no sales reps. Canada has stringent hiring codes and practises so I'm certain all jobs at RCM must be publicly advertised. That said, during my informal survey of job postings, my observation is that vacancy in high level positions appears to be the norm at RCM. http://www.mint.ca/store/mint/about...tawa-1400018 |
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Bedrock of the Community
Australia
21786 Posts |
Sales and marketing efforts are necessary for most businesses. There comes a threshold however, that should not be crossed. Hard to find that threshold in the case of RCM, but when that threshold had been crossed, the whole marketing and production that has been made to depend on it, can fall on it's face. It seems that the RCM has been asleep at the wheel, when it comes to oversight of the outsourced marketing program. A classic example of business laziness. The result is that NCLT has shown up in the numismatic market place as a poor investment, due to over promotion and production. Franklin Mint made the same mistakes. Pity Mints around the World have not learned from those mistakes. Let's get back to VAM Morgans.  , and true numismatics. |
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Rest in Peace
Canada
1360 Posts |
Quote:I've seen some of those too as I recall, although not so often. But no sales reps. Canada has stringent hiring codes and practises so I'm certain all jobs at RCM must be publicly advertised. That said, during my informal survey of job postings, my observation is that vacancy in high level positions appears to be the norm at RCM. My experience with the Federal Government's hiring practices is that the lower end jobs do get filled quite readily. The upper levels however will be filled by the lower ranks with temporary 'acting positions'. These boost incentives for the lower ranks that they have the potential to get a better position, but in the end they are just a delay tactic to higher from outside - which of course demoralizes the lower ranks thoroughly. |
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Bedrock of the Community
Australia
21786 Posts |
When a Mint starts producing NCLT commemorative coins for frivolous reasons, then their NCLT program is headed for serious trouble, with declining sales.
That is despite however high the original issue price, quality of the products, artwork and packaging may be.
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Pillar of the Community
United States
3789 Posts |
I will say this,,, I enjoy collecting prices of coins and compiling data. What I find is RCM coins are some of the WORST in terms of oversupply and super low secondary prices. Its as if RCM has flooded the market with too many coins, in other words, too high mintages and wayyy too many types of coins. I think if they slowed down a bit, and did less, and less mintage numbers, they would do a tad better on say ebay. |
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New Member
United States
26 Posts |
Low prices on ebay are a direct result of mario95coin keeping prices down; almost like he is working for or working with the Mint! |
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Pillar of the Community
Canada
2984 Posts |
Quote:Low prices on ebay are a direct result of mario95coin keeping prices down; almost like he is working for or working with the Mint! Don't forget Coins.4.Fun (MTS). Between the 2 of them, they keep a lid on prices. Worse, they are always out with the coins before anyone else. Then they duel with each other with prices. One guy lowers it the other lower it too. |
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Pillar of the Community
 Canada
798 Posts |
I just bought some NGC PF69 NCLT for $32 CAD each. 2014 dated. Issue price at the Mint was $99.99 each, + $22 to get coins graded, +$3 to ship to NGC, + $3 return shipping from NGC, +$5 ebay listing, FVF and PayPal fees, +$5 NPV of money. So at the very least, these coins cost someone $137.00 CAD and they are selling for $32 on ebay after only 3 years!! People begin to get wise to this and think, why bother killing myself at work all week and scrape a little bit together, to buy something that falls in price so dramatically? |
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Pillar of the Community
Canada
6768 Posts |
Don't forget, guys, that Mario and some similar re-sellers, acting here more like dealers. At their initial pre-sales, they keep the price low, and do not represent "secondary market", they are first hand. Ideally, coin should be valued for it's characteristics and not due to the price, that speculators asking. And if some coins sells for low, it just because no demand for it. Where the demand will come from if only RCM mint ~300 NCLTs annually, without speaking about other mints.... |
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Replies: 213 / Views: 42,293 |
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Posted 02/12/2017 5:23 pm
