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 Replies: 14 / Views: 2,425 |
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Valued Member
Australia
490 Posts |
Just read this on the purple penny site http://www.australian-threepence.co...nknotes.htmlSounds like a petty tit for tat that will only degrade the value of this as a one stop shop reference guide... If you want to publish THE guide to Australian coins and banknotes you needs to include ALL legal tender, including non RAM NCLT. In my humble opinion this is a huge blunder by Greg that will hurt sales which will eventually leave less money for future versions which flow down and will hurt out collection community. Can we start a petition to influence and change this decision? |
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Pillar of the Community
Australia
1005 Posts |
First off - I dont have any interest in Perth Mint products. However others do, and it seems wrong to remove them over a dispute. In the long term I suspect Perth Mint will lose more from this than the publisher. From just the above link it appears a pretty unpleasant to me. |
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Valued Member
Australia
312 Posts |
Down to the earth, it is just profit, profit, profit................... it's business world. At the end, we, customers, will be the only losers, for those who are collecting both RAM and Perth coins. We have to buy two catalogs in stead of one. PAY MORE.........
Like Steve said what we can do ?
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Pillar of the Community
Canada
981 Posts |
I will not be buying the book again if that happens I collect and sell many Perth Mint coins. |
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Valued Member
Australia
124 Posts |
Hmmmmm, as Schultz would say, "Very interesting". Why would the Perth Mint "dramatically reduce their standard order for the 2012 edition pocketbook"? That's an easy one. The first rule of retail sales is to get customers in the door, in this case onto their website site. Secondly, it could also be that the "drastically reduced" figure referred to could mean zero? Additionally, it may easily be a decision by the Perth mints bean counters who wanted Greg's books, due to volume of their purchase, on a larger discount than Greg was prepared to offer? As ADMISLE has identified, it's all about profit, profit, profit ! Greg's' decision to stop listing the Perth mints products in his pocket book, in my opinion, irrespective of the reason, is a huge error. He is hurting his customers more than he ever would impact on a large business like the Perth Mint. I urge him to reconsider as it is the coin collector, not the Perth Mint who will be most disadvantaged. Wouldn't it be great if Mr McDonald would come on here and discuss his reasoning behind his decision instead of the "complete overhaul" reason given? Anyway, that's my 2 cents worth, keep on noodling! |
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Pillar of the Community
Australia
1005 Posts |
Interesting that you say "its all about money" when it appears to me that is all Perth Mint is about. doesn't Perth Mint control EVERYTHING (number of products, mintage, face value, markup/sale price, type and amount of metal used) about their products to maximize profit? |
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Moderator
 Australia
16816 Posts |
I'm confused. Why does Per th Mint need to buy any Maccas Guides? I see they sell them off the website, and probably in the giftshop as well. But I don't see why they'd need to. They're a mint, not a coin supplies store. And given that they're still trying to sell 16th, 17th and 18th editions, it appears they don't sell too many. I'm all for reducing the size of the "Pocket Guide" back down to pocket-size, but issuing separate books for the different series seems like a better way to go to me, rather than outright omission. A "Per th Mint Products" book could also include all the Australian-themed coins made in the name of other countries, that are currently omitted from the catalogues. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
Australia
318 Posts |
I don't like Perth Mint products. I am happy for the move. I like to think I collect Australian coins, not "Australian" coins. I've purchased the Renniks for the last few years though, so this doesn't affect me greatly - except that if Maccas was more informative with pre-decimals I would buy it 100%, so they'd get my business! Sorry Renniks! |
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Pillar of the Community
Australia
877 Posts |
I have only ever bought 1 Perth Mint issue. A Working Dog (Labrador) Vanuatu coin as a gift for my wife, who is besotted with Labradors. If I remember correctly I purchased it from ebay anyway. So, loss of Perth Mint issues will not worry me. I do feel however that an "Australian" coin guide should include all Australian legal tender issues to keep credibility. Wonder if they would do a special issue of the $1,000,000 gold coin for me? I would be happy to pay a slight premium on face value (seeing it has gold value many times higher).  Wonder how much shipping would be to east coast? Jeff PS. Our local museum has a set of scales from Bank of NSW (Westpac) that has weighed more gold than that! Until a few years ago was sitting on a shelf at the bank. |
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Valued Member
 Australia
490 Posts |
Whether you like PM products or not is not the issue (and really, I am not the biggest fan, but the blighters keep making legal tender 50c coins!)
All businesses are in business for profit - yes, I am a capitalist and understand the concept, but as a long term business person I ad-hear to the adage that it is all about the customer - after all, profit is what is left of the dollar that originates from the customer - less customers = less profit, simple.
By removing PM products from the book, Greg will reduce his addressable market (as those interested in a one stop shop book will go elsewhere) and hence less customer dollars and proportionally less profit, leading to (as I alluded to in my original post) less R&D into future version, leading to reduced quality, leading to reduced customers, leading to reduced profit, leading to.... wait, I need a loop counter and and exit clause here! (sorry, my old programming days peeking through). I have seem many businesses deteriorate away to nothing over several years following this type of logic - it is a downward spiral that becomes very hard to escape from once momentum builds.
The issue (in my humble opinion anyway) is that you cannot produce a book called "Australian Coins and Banknotes" and NOT cover ALL Australian legal tender coins and banknotes...
Does anyone know Greg? emails I have sent to the email address inside the cover of my current (2011 / 18th) issue have all gone unanswered... I agree with In2Fish2 - would like to hear his comments and have him read this thread.
I have many editions of his books and the latest version is always sitting on my desk with copious notes and sticker tabs hanging out the side - it is a great one stop shop. I also have the Renniks books as well but find Maccas slightly easier to use. Both of them have their issues and mistakes, and hence the reason that I get both - to cross check.
Anyway, I will get off my soap box now... rant over.
;-)
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Bedrock of the Community
Australia
21786 Posts |
elkslayer132: not all is lost! The Renniks guide, which I have, includes Perth Mint issues. I have both publications, and I prefer the Renniks. |
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Valued Member
Australia
191 Posts |
I personally don't like/buy Perth Mint products so I am happy Greg is dropping them in favour of more discussion on pre decimal proofs, rare bankotes and more discussion about all the other coins in general. If you read other coin forums where Greg posts on, you will understand his frustration with the Perth Mint as well as the time/effort it takes to add their products to the book. |
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Pillar of the Community
Australia
762 Posts |
I suspect that it is just a threat. edition 19 hasn't come out yet so edition 20 is still a year away. There is plenty of time for things to change. Greg may just be calling the Perth Mints bluff. Not that it concerns me. I have no interest in Perth Mint products either. |
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Valued Member
Australia
490 Posts |
dcoin, can you point me in the direction of these "other" places? not that I want to be unfaithful to CCF ;-) but may help broaden my perspective on reading more views. I have a tendency to speak my mind, perhaps too soon sometimes without gathering all the relevant info...
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Pillar of the Community
Australia
852 Posts |
Whilst I can see why many see the need to keep all NCLT coins in the catalogue I personally find them annoying. You fork out good hard earned money to buy a catalogue that is several hundred pages long to get a handful of pages on pre decimal coins (and that doesn't even list the obverse/reverse master die pairings or the FBL and CBL differences). So I only buy a catalogue every 5 years or so (and even then the prices are wrong).
If they put all the NCLT into a seperate catalogue and only put in coins that I might get lucky to find in my change into the catalogue (with more detail) then I might be tempted to buy a true pocket sized book each year.
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Replies: 14 / Views: 2,425 |
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Posted 12/08/2011 5:25 pm
