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 Replies: 102 / Views: 13,257 |
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Pillar of the Community
Canada
2019 Posts |
Quote:
It's not exclusive, it's FREE! Cant beat free... all profit for the PPMs that flip coins...  |
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Pillar of the Community
Canada
5324 Posts |
When you are lead to believe you are to receive something special and unique for reaching certain levels it sure is disappointing to say the least. As I mentioned before you can buy 6000.00 from many large RCM dealers get 2 or 3 of this coin free, and that's the rub with this offer, again who cares, why buy from RCM. |
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Pillar of the Community
Canada
2984 Posts |
Quote:
It's not exclusive, it's FREE! Is it really free? I agree with John100. Lets do the math. Buy $5000 at the RCM and get a "free" coin worth $100. Buy $5000 at dealers with 5% discount = $4750. Use the $250 to buy the "free" coin and you have $150 left over. In fact you could buy two of the "free" coins and you will still have money left. The situation is worse for people who in provinces with PST. Buy $5000 at the RCM and your total is $5350 if you live in BC with 7% PST. $5350 - $4750 at other dealers = $600. You could buy 6 of the "free" coins! Edited by MoneyPenney
09/28/2015 03:05 am
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Pillar of the Community
Canada
6768 Posts |
 Good math guys....clearly shows, that whoever spends a lot at RCM, does it not for free coin or box or both of them. Additional point: people who buy directly from RCM starting with Silver MC get free shipping on every order. Is it the same with the purchase from the dealer? Imagine, your single purchase, $50-$200 and you not qualified for free shipping.... |
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Pillar of the Community
570 Posts |
MoneyPenney, the only dealer I'm aware of, who gives 5% discount, is GW/Albern, but as Silveroid mentioned the shipping isn't free.
Let's assume you make 25 purchases $200 each. Then you would have to pay 25*$6.50=$162.00 fo shipping. Which leaves you with $88 only and NO free coin. And this is the best case scenario! Does one really spend $200 per purchase to get no more than 25 purchases per year? Can one always buy coins from the dealer at issue price?
I only buy from GW when the discounts way exceeds the shipping. For example a $500 coin set. For this you get $25 discount less $6.50 shipping, which gives you $18.50 net discount.
Edited by mts
09/28/2015 08:17 am
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Pillar of the Community
Canada
1528 Posts |
Quote:Is it really free? I agree with John100. Lets do the math. Buy $5000 at the RCM and get a "free" coin worth $100. Buy $5000 at dealers with 5% discount = $4750. Use the $250 to buy the "free" coin and you have $150 left over. In fact you could buy two of the "free" coins and you will still have money left. The situation is worse for people who in provinces with PST. Buy $5000 at the RCM and your total is $5350 if you live in BC with 7% PST. $5350 - $4750 at other dealers = $600. You could buy 6 of the "free" coins! I think Jon in RFD had already mentioned, PST shouldn't count against RCM. |
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Pillar of the Community
570 Posts |
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Pillar of the Community
Canada
5324 Posts |
I believe Canadian Coin and Currency and JM have programs and discounts for RCM stuff and are at some level shipping free too, there is huge dealer markups for the large dealers close to 30% |
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Pillar of the Community
Canada
5324 Posts |
Just to add, if my math from the platinum plus email is correct and there are 5400 pp members it's surprising to see how well the RCM is doing and basically see why this offer is so cheap. After this year if this is the only reward, the pp will drop to a few. What coin this year can you not purchase from most dealer at issue? Edited by john100
09/28/2015 10:55 am
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Pillar of the Community
Canada
3690 Posts |
Couple of points: PST is irrelevant in the discussion. If you live in a PST province, whether you pay it to the seller (such as the RCM) or not, you still owe it to the provincial government. You are required to self assess those purchases and remit the tax. Not doing so is tax evasion. Will they ever come after you? Probably not. But it's still there. I highly doubt there are 5400 platinum plus members. The MC tier numbers are almost certainly wedge shaped. That is, there are more silver than gold, more gold than platinum etc etc. That would suggest that if there were 5400 pp, there would be 10s of thousands of silver members and that seems unlikely. As well, if there are 5400pp, that group would represent 15-30% of the mint's 177.3 total NCLT revenue in 2014 . Again, unlikely. 5400x$5000=$27M or 5400x$10000= $54M That's 27M/177.3M=15% or 54M/177.3M=30% |
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Pillar of the Community
Canada
5324 Posts |
The email for receiving this prized coin was I believe 90% of this mintage was reserved for pp members, that's how the 5400 number came about, deleted the RCM message and can't seem to retrieve it to confirm. It surely does seem high but a lot of collectors has been using 20 for 20, 100 for 100 types of coins just to reach certain levels. |
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Pillar of the Community
Canada
2427 Posts |
I assure you that there are not 5400 PP Members.
Its as I stated prior.
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Pillar of the Community
Canada
2984 Posts |
Quote:
Let's assume you make 25 purchases $200 each. Then you would have to pay 25*$6.50=$162.00 fo shipping Since the RCM only release coins once a month I would think collectors will consolidate their purchases to save on shipping rather than making individual purchases for every coin. I would think 12 purchases a year would be more likely. 12 x $6.50 shipping equals $78.00. The 5% discount of $250 should easily cover the $78.00 shipping. Plus the $5000 could be just from a one or two few major purchases rather than 25 small ones. For example, people who ordered the 6 Big Coins are already 60% toward Platinum Plus status Quote:
the only dealer I'm aware of, who gives 5% discount, is GW/Albern Colonial Acres also gives 5% discount for its VIP customers (who make $2000 purchases a year). The Coin Shoppe gives 3% discount with a code, 5% with EMT or PayPal Friends. Quote:PST is irrelevant in the discussion. If you live in a PST province, whether you pay it to the seller (such as the RCM) or not, you still owe it to the provincial government. You are required to self assess those purchases and remit the tax. Not doing so is tax evasion. Will they ever come after you? Probably not. But it's still there. PST is irrelevant only if you don't have to pay PST. You would think differently if you have to dig deeper into your pocket. Technically it is tax evasion but it for all intents and purchases it is unenforceable for private individuals. Parcels sent within Canada are not screened through Customs so how do they know you are avoiding PST? Are they going to open and inspect every parcel sent within Canada? The requirement that PST must be charged to goods brought into BC is really aimed at businesses. The provincial government do PST audits of businesses and that is where they catch the offenders. They are not worry about someone don't pay $7 tax for a $100 item. Edited by MoneyPenney
09/28/2015 6:36 pm
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Pillar of the Community
570 Posts |
MoneyPenney, your calculation would be correct with following conditions: 1. All coins are available at the same dealer at issue price. So you have no much time to think. 2. You have to spend in average $400 dollars every month. 3. There should not be any $4$ coins as they are above the issue price. 4. All coins have to have 5% VIP discount. So if one really, really wants to beat RCM, then yes, it is possible. But I doubt someone would follow all these constraints. Correction: there is 11 releases per year. So you have to spend about $450 per purchase. Edited by mts
09/28/2015 6:55 pm
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Rest in Peace
Canada
1360 Posts |
Though lifted from BC's PST information for 'business use', it also mentions 'personal use' and I quote: Quote:
you must pay PST on all goods you acquire for business or personal use, unless a specific exemption applies (e.g. goods purchased for resale). Generally, you pay PST when you purchase or lease taxable goods from your supplier. If your supplier does not charge you PST, you must self-assess the PST due. |
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Posted 09/27/2015 8:30 pm
