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Replies: 35 / Views: 6,308 |
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Pillar of the Community
United States
2408 Posts |
Quote: i believe this year's 2 ounce masterclub 1959 coin, is still be flipped for a decent profit.
This is where the master club fails it's customers..Top tiered individuals were allowed to buy multiples of this coin, with the help of a rep, so it never made it to lower levels for the regular person to buy one,, it was supposed to be a limit of one, but I don't believe this happened, Precisely my point. But I don't care enough to make this a big deal since I'm not even qualifying anyway. So if the RCM finds enough privileged MC buyers to sustain their business model then more power to them / and the buyers I suppose.
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Pillar of the Community
United States
2408 Posts |
Quote: Other loyalty programs out there base it on how much you spend too. The people who spend the most get the most rewards. Well.... not really what I'm talking about. Having money that can buy you stuff and getting incremental rewards based on how much you spend is perfectly fine, as long as there is accessibility for everyone. The idea of modulating access to information based on status is troubling for me (and not just for coins!). That's all.
Edited by canadian_coins 05/20/2019 10:18 pm
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Pillar of the Community
United States
2408 Posts |
Quote: Like I said, there is no coin this year that fits that category. I agree with you and I've stated in other threads that flippers (as we saw during the golden ages) are essentially gone. Either way, the MC program needs a refresh I think. Not that I will benefit from it...
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Valued Member
Canada
312 Posts |
My biggest thing is quility control....pretty sad when I can go to the post office when there is a new release and look at 3 to 5 of the exact same coins and every one of the coins has some sort of slight defect on it and isn't 100% perfect....The ship definitely has to get tighter for me to spend again on there products.
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New Member
Canada
19 Posts |
Quote: My biggest thing is quility control....pretty sad when I can go to the post office when there is a new release and look at 3 to 5 of the exact same coins and every one of the coins has some sort of slight defect on it and isn't 100% perfect....The ship definitely has to get tighter for me to spend again on there products. This exactly. Also when I pick up the entire (2017) animals in the moon light series for issue price then see it in the post office last month for 50% off. Needless to say I bought two more from the series for my nephews haha. But in all seriousness what a anger. I will never buy straight from RCM unless it is very desirable to me and un-available from the post office. The post office in my town doesn't sell many coins and has many 2017 coins available for 50% off. This will be my approach moving forward with NCLT-bargain post office offerings unless un-obtainable.
Edited by Jam3z 05/21/2019 3:49 pm
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Pillar of the Community
United States
2408 Posts |
Quote: The post office in my town doesn't sell many coins and has many 2017 coins available for 50% off. This will be my approach moving forward with NCLT-bargain post office offerings unless un-obtainable. I can't blame collectors for doing that when the upfront cost should be 50% off to begin with. The entire NCLT strategy needs to be revisited from the ground up. Just curious, do post offices sell stamps anymore? I'm asking because I haven't been to a post office in quite a while now. I print my labels on the web, and drop off at the gas station.
Edited by canadian_coins 05/22/2019 10:26 pm
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Bedrock of the Community
Australia
21788 Posts |
There is a risk that the RCM collector coin business may go the same way as the Franklin Mint. That would be a pity. There has to be some prospect for the buyer of new issue Mint product to perceive an increase in future value. Otherwise, it will be another case of killing the goose that laid the golden egg.
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Valued Member
Canada
135 Posts |
Quote: There has to be some prospect for the buyer of new issue Mint product to perceive an increase in future value. Otherwise, it will be another case of killing the goose that laid the golden egg. Totally agree here. One word sums up my feeling with the RCM over the past year: Sad. Depreciation of "current" NCLT issues = Sad Somewhat desperate tone of e-mails from Masters Club Rep = Sad Lack of interest in RCM issues on my part = Sad Pop culture, non-relevant coin themes = Sad Deep discount sales at Canada Post = Sad Overpriced "special wrap" circulation coins = Sad Discontinuation of the 5-pack film circulation packs = Sad Overabundance of "special" non-relevant circulation coins (making them seem non-special) = Sad The fact that I'm not supposed to order online, given that I'm a Master's Club Member (forced to order through rep) = Sad Even the lack of activity here on the forums = Sad (remember the good 'ol days?) My purchases are about 10% of what they were at the peak of collecting - if many people are in this same situation, the RCM has a major, major problem. I honestly feel like I'm planning for the funeral for the golden egg goose (the killing has been done).
Edited by Wandering Eskimo 05/23/2019 02:34 am
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New Member
Canada
19 Posts |
Quote: Just curious, do post offices sell stamps anymore? I'm asking because I haven't been to a post office in quite a while now. I print my labels on the web, and drop off at the gas station. You bet just bought a 100 on a roll. Some post offices have less selection than others. Just the same for coins as well.
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Pillar of the Community
United States
2408 Posts |
Quote: The fact that I'm not supposed to order online, given that I'm a Master's Club Member (forced to order through rep) = Sad Understand that reps salaries are based on a percentage of their sales. If you buy directly from the RCM then they do not get any recognition. The old grumpy IT guy gets the kudos. The RCM could have implemented a simple drop down menu on the online order form, something like "Where did you learn about this coin?" and you'd pick "personal rep" so he/she could get a cut. Well... that's not going to happen. It would increase the cost of goods even more. Then, this begs the question: why do we have reps at all? In fact, shouldn't it cost *less* via the web?
Edited by canadian_coins 05/23/2019 11:25 pm
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Pillar of the Community
Canada
999 Posts |
I agree with what has been said earlier. Also, I don't like it when the mintage is "While supplies last". This tells me the RCM is going to pump up production if demand is hot. Set a limit and stick to it!
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Valued Member
Canada
393 Posts |
While I'm not terribly upset with the RCM and agree with much of what has been said so far, the bottom line is that I can no longer afford to get sucked into the hype and loose my shirt on amazingly attractive products that will only cause me to regret purchasing them in the first place. Some of the things that have annoyed me in recent years are attempts of coercing potential buyers into purchasing subscriptions sight unseen and cancellations of series due to lower profitability without regard to the collector. Ie: Lost ships in Canadian Waters silver plated issues in favour of the pure silver versions priced at 5x the silver value. I'm sure if I wait long enough I can buy the premium coin at the same price as the plated one that wasn't produced. Face value circulation coins in 5 or 10 packs should have been maintained rather than scrapped given the difficulty of finding them in change to registered buyers. Many of these were set aside for friends, relatives or fellow collectors. Paying double the value and HST for a specially wrapped roll does not appeal to me unless it has sentimental reasons if I plan on be keeping it for awhile and in hopes of receiving my investment in return. Truth be told the RCM needs to make a decent profit to justify their expenses and ground breaking achievements by not alienating their best customers and blindly assuming that the public will swallow whatever line they feed them. I really hated to sell off my early Canadian proof sets (1981-1996) for a substantial loss having fallen in love with them, suddenly realizing the perceptions of value had changed too much to make them worthwhile hanging on to. Challenging and difficult years are ahead for the RCM if it wants to maintain a large collector base who just want to be appreciated, heard and recognized. Sadly we may have only ourselves to blame but we are not gullible experiments who will easily forget being burned. Far too much of the hobby seems focused on monetary gains and losses versus educational benefits echoed numerous time in the past particularly during the early 1960's when silver prices escalated and demand for mint product was high.
Edited by Proof Nut 05/27/2019 9:57 pm
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Pillar of the Community
710 Posts |
Quote: Face value circulation coins in 5 or 10 packs should have been maintained rather than scrapped given the difficulty of finding them in change to registered buyers. Many of these were set aside for friends, relatives or fellow collectors. The FV plio coin packs were a great idea which I feel actually helped expand the hobby and general public interest. Unfortunately the RCM chose to replace packs with the $20+ "collector" cards that languish unsold amid the clutter of all the other special sets/cards.
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Pillar of the Community
Canada
6768 Posts |
2 X  Normally, to keep the product alive and to get some money, the mint supposed to continue with the FV packs, and to sell current "Collectors Cards" with coins for CAD 15-20. Collectors could choose - raw coins or nice display/presentation.
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Valued Member
Canada
393 Posts |
The collector cards are another nice touch (among others) the RCM had done away with that underestimate serious collectors purchasing power. I have nearly 10 of the Canada 150 ones and have only been able to fill one card so far and don't want to pay a premium just to give them away. That said, the Mint has to realize many dealers who purchase their products have developed their own rewards program and incentives aimed at getting collectors to by the coins from them. Even without a Master's club status, I get an advanced notice and can look at the coins often weeks before they are officially shipped, paying less without having to spend thousands of dollars.
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Replies: 35 / Views: 6,308 |
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