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 Replies: 294 / Views: 46,877 |
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Pillar of the Community
Canada
6768 Posts |
Not many posts, gentelmen..not many
Is that only we are loading this coin and it mostly interesting non-coin collectors and resellers?
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Valued Member
Canada
70 Posts |
Of course MWario has them in hand, he is working in conjunction with the mint, always has been, already confirmed, why do you think he always has unlimited supply of all new coins, even when they are shipping from the Mint on June 4, and even coins that have limits of 1 he has sold more than just 1 and bless his heart to pay the CRA and not charge buyers, or does he get a sweetheart deal working with the mint? I am surprised that he is not using his 3rd ebay account coin.ads and of course his website http://www.mario95.com has more! |
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Pillar of the Community
Canada
6768 Posts |
The "Mario" seller doesn't show any dishonest in regards the buyers.
[single report that I know in the past - coping images from other seller]
In opposite - if not him /her, how else we could get the soldout coin from the Mint? Or even more - he start his presales before the Mint and dealers, so everyone can get new, yet to be released, coin for relatively low premium. And I haven't heard a case, when this seller haven't sent an item, cause the coin increased in value.
Together with this - he has his own allocations, so it doesn't affect the stock , that should go to other customers...
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Valued Member
Canada
70 Posts |
He is working in conjunction with the mint. He is not motivated by Profit; his prices are regularly close to issue price, mostly with Free Shipping and he accepts far too many offers when his prices are too low to make a profit!
When anyone trys to undercut his price by 1 penny, he immediately changes his price to $10 or $20 below his previous price.
Why would he show that he has so many coins instead of trying to appear that his coins are scarce and therefore he can ask more and make more profit?
If anything he is keeping the prices down!!! He was the last seller to increase his prices as the Pysanka coins were increasing in price.
How does one person hoard so many and prevent others from getting them? Look at his feedback and how many Best offers he accepts! Look at his listings at how many he has sold! MWario95coin is creating the perfect conditions for the Mints overt mandate of keeping coins affordable to the public and their covert mandate of eliminating the secondary-market. How else would you explain: Constantly reducing prices then selling close to Issue price, No Shipping Fees, 50% of sales are Best Offer accepted and charging NO GST with sales over $250,000.00
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Pillar of the Community
Canada
6768 Posts |
My assumptions and thoughts, that Mario has big allocations from the RCM as loyal dealer /reseller. Together with large allocations, he gets the coins below the issue price, let's say , like Canada Post. Now, having large amount of the coins, he needs his stock moving constantly, without taking risk, that something will stuck. So this selling behavior similar to retail, where the owner doesn't have pikes and drops in the profit, due to single item good sales, but the profit from selling large amount of items. That's why he can't put himself versus another seller, by increasing the price and watching, whom the buyer will choose. No, he will decrease the price to assure, that for the buyer will be most worth to buy from him. At the end, the buyer enjoy getting the coin for lower price. |
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Pillar of the Community
Canada
5324 Posts |
It's really slim pickings even for RCM dealers, at a coin a day pace for the last many years, maybe 2 or 3 are winners the rest are dogs even the a dealer needs to eat at some point. Yesterday at the Mississauga show there was a nice lady with a bag of recent and 2017 sets, RCM NCLT trying to sell them to the dealers, nobody even offered, the dealer next table just told her they have a few of the same coins and sets, there is no demand, not 50% offers but no thanks. RCM dealers depending on volume gets up to 30% off not bad when stock moves, but as most of us knows not much is moving, this show like most around the GTA is busy with good stuff selling well, and of course Auction Network with deeply discounted NCLT |
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Valued Member
Canada
367 Posts |
I bought coins from Mario before and I know he is not a RCM official dealer. He bought coins at issue price. He makes money by selling coins above issue prices. It's not hard to understand his business model. For example, you order 10 different coins from RCM. One appreciates instantly 3 times; one appreciates 6 times. The other 8 coins don't sell well. Those 8 coins are either sold at issue prices (plus ebay fees) or cancelled (on ebay you can sell items that you haven't received). In the end, he still makes money because of the other two coins. This process can be further fine-tuned, so he can sell more the winning coins and less losers. My guess is he has a friend or relative who works at RCM. That's why he can get some exclusive items such as a COA #1 coin. Overall, I think what he does requires hard work and a bit luck. |
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Pillar of the Community
Canada
5324 Posts |
If you are not a dealer, only at best 1 in a 100 RCM coins are a winner, there is no chance with ebay fees and such one could make it a profitable business model. Some casino bets are almost 50, 50, hoping on lady luck with RCM NCLT is just impossible. |
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Valued Member
Canada
367 Posts |
I think the odds are much higher. Just check how many Easter egg coins and Falcon Lake coins Mario has sold this year, and you will have a good idea of his profit. And we are only in April.
Also, as I mentioned previously, he doesn't have to hold the loser coins or necessarily have them in his possession.
Nevertheless, it's his business practice and I wouldn't want to comment more on that.
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Pillar of the Community
 Canada
541 Posts |
well all I can say is that our friend wariomario has 1,768.00 today total on 2 Falcon lake coins he sold...so that has got to be a record sale for 1 oz silver RCM coins..999.00 and 768.00..kind of out of this world isn't it?  |
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Valued Member
Canada
65 Posts |
@Cassidy77 ... based on my analysis he hasn't sold any for $999, just $748. Regardless, it is pretty incredible. This is very similar to the Voyageur. I suspect the 2018 big coin penny will be a super hot item given what I think is going to be ultra low mintage.
I have two Falcon Lake coins - I want to turn that kind of profit but I am struggling to let them go haha.
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Pillar of the Community
Canada
6768 Posts |
Quote:
I have two Falcon Lake coins - I want to turn that kind of profit but I am struggling to let them go haha. 2 coins in hand, wow! They valued now more than 2 colour TVs (not black/white) You need to find proper time to sell, right before it potentially drop similar to bitcoin... Btw, many people already lost huge money on this coin. Simply not buying it, when it was issue or slightly above. According to all canons, this coin should follow the predecessor - "Baloon coin", but it surprised everyone. Pattern of 2013 Gold Superman. Edited by Silveroid
04/08/2018 10:50 pm
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Pillar of the Community
Canada
541 Posts |
mintage of 4000 for Falcon lake silver coin compared to mintage of 2000 for the 2013 superman gold coin...Falcon lake coin is eclipsing SGCoin by many factors up to 7 x issue compared to 2.5 X issue....If I had them in hand today I would sell them for sure but please do not take this as investment advice!! ha ha.... if and when the coin eventually settles down to 2.5 X issue it could be worth 325.00 minimum over the medium term......that could take a while because many will definitely hold at least one of these coins....indefinitely..so while few coins have been sold so far its only a matter of time as more and more of them appear in the market and if the standard pattern holds it will continue to rise like bitcoin and then fall to a certain level of resistance which I think will be 325.00 or better..I could be totally wrong..
Edited by Cassidy77
04/08/2018 11:56 pm
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Valued Member
Canada
65 Posts |
Cassidy77 .... I think you may be correct but the only reason I tend to think this will maintain its value is the because of the public awareness campaign. The news was littered with articles about this coin. My guess is that those not interested in collecting NCLT are picking this one up.
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Pillar of the Community
Canada
6768 Posts |
Quote:
My guess is that those not interested in collecting NCLT are picking this one up. This is what I think as well. When I said the "pattern is similar to 2013 Gold superman", I've meant pattern of behavior on the market. The coin literally laid unknown and non-welcomed good by collectors (pop art, 14kt, high issue price), but after the coin caught under media radars, it immediately dissapeared from RCM and PO and started skyrocketing up at the dealers and ebay... |
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Replies: 294 / Views: 46,877 |
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Posted 04/08/2018 2:35 pm
