| Author |
 Replies: 18 / Views: 3,529 |
Page 2 of 2
|
|
|
|
Valued Member
Canada
430 Posts |
They are cutting back on descriptions to pay for logo change. Looks so cheesy on the certificate.
|
|
Pillar of the Community
Canada
789 Posts |
I don't mind the new logo on the certificates, I don't mind it on the black sleeves either. But the new logo on the red clamshell looks real cheap.
|
|
Valued Member
Canada
480 Posts |
I don't like this direction. The price for each coin should more then cover for a proper COA. I don't see the need for cut backs when their margins have never been higher.
|
|
Pillar of the Community
Canada
2366 Posts |
Unfortunately margins can never be high enough for an unregulated monopoly  |
|
Pillar of the Community
Canada
3690 Posts |
The new certificates look very much like the certificates of 10 years ago. A step backwards IMO.
Out of curiosity, where are you guys getting their margins on NCLT have 'never been higher'. I've never seen details of the financials for the business line and would be interest to have a look at those numbers.
Edited by CC-Ottawa
12/07/2013 1:46 pm
|
|
Pillar of the Community
Canada
2124 Posts |
I suppose RCM did a Focus Group before producing this new COA's.... |
|
Pillar of the Community
Canada
867 Posts |
I have to agree, jonesdav et al! I received my Caribou yesterday and while the coin is is quite spectacular, the COA is definitely NOT! I wonder how much money the mint is actually saving with these cheap, uninformative pieces of ultra thin tissue paper. It's too bad that the mint has chosen to go down this route...  |
|
Pillar of the Community
Canada
871 Posts |
|
|
Valued Member
Canada
480 Posts |
Well obviously they don't release that information, but lets just look at the simple facts. Price per coin has gone up while spot has drop by half since the high. Did I really have to point that out? Unless they've changed their minting process by some extravagant method without letting the public know about it I think it's safe to assume I'm correct in my statement. Maybe they hand make the coa and cardboard display box in which case I should issue an apology the RCM. |
|
Pillar of the Community
Canada
548 Posts |
|
|
Pillar of the Community
Canada
3690 Posts |
Quote:Well obviously they don't release that information, but lets just look at the simple facts. Price per coin has gone up while spot has drop by half since the high. Did I really have to point that out? Unless they've changed their minting process by some extravagant method without letting the public know about it I think it's safe to assume I'm correct in my statement. Maybe they hand make the coa and cardboard display box in which case I should issue an apology the RCM. Absolutely chubbycheeks, they've changed much of the minting process with many new (and expensive) innovations none of which are secrets. They've changed finishes (some coins now have up to 5 different finishes), many more coins are coloured, enameled with much of it being done by hand (very labour intensive) and they've produced coins that require expensive licensing. They also appear to be spending more than ever on marketing and promotion. The mint purchases silver and gold on futures contracts not on current spot and their labour rates are certainly higher than ever before. Clearly, there are a lot more and significant costs involved in producing NCLT than PM value. Sorry but you are making a huge assumption in saying their margins are higher than ever based on, as you said, a very simple fact. I was sincerely hopeful that you guys had some insightful information that I had not seen and I'm sorry if asking you to support your statement offended you. |
|
Pillar of the Community
Canada
2124 Posts |
Quote:
CC-Ottawa
Absolutely chubbycheeks, they've changed much of the minting process with many new (and expensive) innovations none of which are secrets.
They've changed finishes (some coins now have up to 5 different finishes), many more coins are coloured, enameled with much of it being done by hand (very labour intensive) and they've produced coins that require expensive licensing. They also appear to be spending more than ever on marketing and promotion.
The mint purchases silver and gold on futures contracts not on current spot and their labour rates are certainly higher than ever before. Clearly, there are a lot more and significant costs involved in producing NCLT than PM value.
Sorry but you are making a huge assumption in saying their margins are higher than ever based on, as you said, a very simple fact.
I was sincerely hopeful that you guys had some insightful information that I had not seen and I'm sorry if asking you to support your statement offended you. Yeah, it's true. But the fact is that the RCM prices are always going up ... |
|
Pillar of the Community
Canada
6768 Posts |
I can accept this change (to the bad side) of the COA, since as I said before - for any Mint production (RM, RAM, Perth Mint) I didn't see the long descriptive COAs, and their coins priced same and even higher (RM). But still, will agree with everyone, that it step back for RCM. Instead, I can suggest the Mint to cut on shipping, while 3 circulation sets were sent in the box. |
|
Valued Member
Canada
174 Posts |
I agree that it appears things are going backwards with the COA, new logo design, shipping. But I would say with all the new finishes applied, be it frosting or colouring, likely this has an impact on the pricing.
For the collector, cutting back on the display quality is not the best route to take! Perhaps cutting down on the number of different coins produced, and scaling back the mintages with the ones that are, would be a better avenue to take.
Concentrate on keeping quality high, mintages low and numbers of releases mangeable is key (IMO) to the success of this great hobby!
|
|
Valued Member
Canada
451 Posts |
The problem is that everything is related for short term success if you are the CEO of a company. Lets say you have a 4-5 year contract, then your goal is to make as much money as possible in those 4-5 years. Then you can net a bigger contract somewhere else afterwards.
James B. Love (2009-2014) Chair of the Board of Directors
Ian E. Bennett (2011-2014) CEO, didn't the Mint start going crazy in about 2011?
I think it is problematic when CEO's get short term goals.
|
|
Page 2 of 2
|
Replies: 18 / Views: 3,529 |
Page 2 of 2
|
First Page
Posted 12/07/2013 10:54 am
