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Why So Expensive? Canada Gold Maple $200

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 Posted 07/27/2021  2:55 pm  Show Profile   Bookmark this reply Add vonigohcr to your friends list Get a Link to this Reply

Quote:
So the gold coins the mint is selling for 100,000$+CAD how much of a mark up is that compared to the bullion price? Like 1000% markup lol only like 5-10 minted for the ones I'm talking about. Mayb up to 40


Not quite 1000%. There are 2 coins currently on the website (both 1kg, both sold out) 1912 Heraldic design dated 2021 (Mintage 40) and Year of the Tiger dated 2022 (Mintage 33). Both are listed for $105,000 CDN. At my local bullion shop as of today, you can buy a 1kg bar for $74,803 with a 2 week pre-order https://www.vbce.ca/gold-silver/15-...prox-2-weeks

With these numbers, the RCM coin markup over bullion bar is $30,197 or 40%. Actually quite a bit lower than their typical markup for 1oz gold products which is approx 60%.
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