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 Replies: 32 / Views: 5,120 |
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Valued Member
 United States
134 Posts |
cc-ottawa:
I don't know how they can end up with this predicament. I think they are crossing their fingers hoping for more cancellations in the days ahead.
I think their problems resulted from the flood of cancellations in late February. They were really scared sh*t and opened the order gates resulting in orders for a
couple of items outnumbering the cancellations.
I was told by another poster that the oversold number almost reached 30.
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Pillar of the Community
Canada
3690 Posts |
30 eh? Good to know - well not good but information helps.
I just can't figure out how they shipped those Feb orders before the Nov orders though. That for lack of a better word is ridiculous. heck of a way to run a railroad.
I'm still hopeful that they figure something out and do not look through the rejects for more (hopefully those were melted before this came to light).
And Cdn coins is selling 7 of them now. If the mint had any integrity at all, they would buy back that stock (at full price) to fill our orders. Ya pie in the sky.
Edited by CC-Ottawa
05/03/2013 5:36 pm
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Valued Member
United States
134 Posts |
I heard from the same poster that RCMint managed to whittle down the oversold number down to single digit range.
How they managed to do that is beyond me. They might even bought back some coins from the dealers or they lower the bar and resurrect some from the to-be-melted pool.
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Valued Member
United States
134 Posts |
The RCMint is shooting for 200 numismatic items in 2013 and a minimum of 60 sellouts.
I have talked to a couple of major dealers and they are not happy with this. Dealers are not flippers. They make money from the RCMint discount and the receivables. They are not in the business of flipping. They prefer to have fewer items and more mintage per item. In fact, one of them asked me to put this in writing in the survey.
Flippers, on the other hand, prefer more items and substantially less mintage to give a flipping opportunity.
So, is the RCMint supporting flippers or dealers?
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Pillar of the Community
Canada
3690 Posts |
I'm a transplanted Maritimer and the scariest thing a Maritimer can hear is "Hi, I'm from the government in Ottawa and I'm here to help you." A chill just went down my spine. I suspect the RCM is trying to help dealers didn't bother to ask the dealers (all off them) what they could do to help. The effect is support for flippers and those dealers who do sell hot coins at big premiums. |
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Valued Member
United States
134 Posts |
cc-ottawa:
You are absolutely right in this regard.
It will be very interesting to find out what prices are the dealers going to put up Monday night for the three to four coins that are in short supply.
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Pillar of the Community
Canada
1505 Posts |
Still waiting here on 1x 1914. Will be less than impressed if I am cancelled.
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Pillar of the Community
Canada
6768 Posts |
Quote:
It will be very interesting to find out what prices are the dealers going to put up Monday night for the three to four coins that are in short supply. Depends on the item, but I think that at least for small quantity they will start from issue price. Not sure about Platinum 1oz coin. |
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Pillar of the Community
Canada
746 Posts |
Looking forward to the June release! Love the idea that the Mint is serving a wide audience & the more collectors and interest in collecting generated, the better it is for our hobby, isn't it? We can choose what we like...  A new Dino? Another $20 for $20? More animal portraits? Bring em on!  |
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Pillar of the Community
Canada
871 Posts |
I don't know about you people, my credit card needs a break. |
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Valued Member
United States
134 Posts |
My rep is going to help me by forecasting which coins will sell out during the MC release period.
He is on the money every time.
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Pillar of the Community
Canada
6768 Posts |
How this knowledge could be helpful to you?
In any way you can order something on the first day of MC release, when everything is available.
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Valued Member
United States
134 Posts |
I will buy more than one copy of the items that will sell out.
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Pillar of the Community
Canada
862 Posts |
CC-Ottawa: I'm waiting for my 1914 $5 too, I've been calling them every week, last time they said my CC didn't approve the transaction so they put the order aside. I asked them to try it again, and it went throught right away, I'm going to call them again and see what excuse they can think of, it's fun to watch a lier creating new lie to cover old ones...
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Pillar of the Community
Canada
6768 Posts |
@mltung : Correct, smart idea.
@SilverBug - the same for me - once a week checking on-call the status of 29-Nov order.
Edited by Silveroid
05/04/2013 12:29 am
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Replies: 32 / Views: 5,120 |
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Posted 05/03/2013 5:30 pm
