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 Replies: 22 / Views: 3,584 |
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Rest in Peace
United States
9104 Posts |
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Rest in Peace
 United States
9104 Posts |
I suspect a quick profit on sellout, then drop to melt over 10 years.
Lookie! you can get them with a holder and a meaningless sticker for $3 more per coin.
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Pillar of the Community
United States
1432 Posts |
 fredd Another perceived "rarity". I imagine if I had the cash the RCM would punch out 25K Maples with the "jeffrose" privy @ prolly $5 over spot. Then with a minimum profit of $5/coin I would profit >125K. APMEX prices these $7.64 over the cost of the standard Maples. For what  |
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Pillar of the Community
Canada
590 Posts |
This is just a marketing ploy to sell $1,000,000 worth of coins before silver devalues. If silver drops to $25. If they bought at $32 an oz, 25,00o would be a $175,000 loss. Worth paying the mint a couple bucks a coin to do a custom privy. We pay $42 a coin worth $34.00 (with fees) and they make a huge profit. Smart marketing. I'm hoping silver drops some more so I can get one of these cheep.
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Pillar of the Community
United States
808 Posts |
Most of the privy coins regardless of mint don't get my attention, the exception being specific historic events. I bought the 2012 Titanic privy because the subject matter resonated with me. The new 2012 dragon privy looks great and I'm sure it will sell well along with all of the other year of the dragon items out there. However, I've already bought my "dragon" coin earlier this year so, for me, this privy is "been there, done that." I certainly don't fault the RCM for marketing these "limited" privy coins. The only negative I see comes about when a coin buyer looses sight of their collecting/hoarding objectives. I get it...it's not always easy. However, buyers who consistently ignore the hype, simply buy what they like, ignore the rest, and don't get caught up in the idea that "I just gotta get'em all" will ALWAYS be happier with themselves and their collections. |
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Pillar of the Community
United States
1454 Posts |
Quote:I certainly don't fault the RCM for marketing these "limited" privy coins You were probably speaking in general and not about this particular issue but I don't think the dragon or the titanic pricy coins are actual RCM products, from what I understand, APMEX essentially had them made for an exclusive sale. If I'm wrong about this, let me know. Like you, I'm almost Dragon-ed out. I did pick up a very limited mintage Palau dragon that I can't wait to show off once it arrives from overseas in a couple of weeks. But I disagree that this coin will ever be sold near spot, at least not on ebay where privy coins such as these always come with a premium. |
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Pillar of the Community
United States
1454 Posts |
I like this version much better:  |
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Valued Member
Canada
62 Posts |
I'm tired of the RCM. They just keep pumping out "limited edition coins" like they were the Franklin Mint. These things aren't going to be worth the metal they're printed on in the long run. I'll stick to the straight bullion coins or old circulated silver coins. |
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Valued Member
Canada
442 Posts |
Isn't this just the continuation of the Chinese Zodiac series, or is it a separate privy all together?
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Pillar of the Community
Canada
590 Posts |
Not altered coins. These are raised features which means they need to be created by stamping a coin with a die. Probably old dies they want to use up and engraved a privy mark for a last bit of more profit. If the feature is sunk into the coin, then someone altered some coins. These are produced at the mint with mint dies.
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Pillar of the Community
United States
1454 Posts |
It's just not an "official" RCM product. They filled the order at the request of APMEX. That's why you won't see this, or the titanic, listed on RCM site; nor will you see a RCM COA like the one I have for the 2000 dragon, unless I miss my guess. |
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Pillar of the Community
United States
808 Posts |
traevin, I deleted my original reply to you since I apparently completely misunderstood what you said. Let's try this again. The 2012 silver Maple "Titanic" privy coin was commissioned by APMEX through the RCM. The Royal Canadian Mint then produced a limited 25,000 mintage of this 2012 Titanic privy coin which were then delivered to APMEX as the exclusive distributor. Is this correct? Thanks for helping me clarify. Edited by coinwatch
04/26/2012 1:12 pm
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Pillar of the Community
United States
1454 Posts |
CW,
I re-read my original post and I wasn't as clear as I could have been. Sorry for the confusion. My fingers get ahead of my brain sometimes. As an aside, there are two people on this forum who consistently stand out as far as contributing thoughtful, general knowledge on a host of different subjects and you're one of them. So any minor help I can provide will always be my pleasure.
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Pillar of the Community
United States
808 Posts |
traevin, the confusion was completely mine. My apologies, sir. You bring a lot of experience and knowledge to our discussion here on the forum. I should read more carefully.
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Pillar of the Community
United States
4008 Posts |
If they ever come out with an "outhouse" privy coin, THAT I might buy.  |
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Valued Member
United States
309 Posts |
If you can get one for the same price as the regular "non"-privy coin then that would be cool. I can't see paying a premium over the regular bullion coin though. I'm also not to big on any coin that is proof bullion either.
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Replies: 22 / Views: 3,584 |
Posted 04/26/2012 10:44 am
