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 Replies: 22 / Views: 2,817 |
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Valued Member
Canada
330 Posts |
They had the 5oz. Beaver coin on the Coin Show yesterday.
They said they had 200 of them and were selling it @ $549.
Is this normal for one dealer to get over 13% of mintage (1,500 was the mintage)?
Apparently they sold them all.
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Pillar of the Community
Canada
1502 Posts |
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Valued Member
 Canada
330 Posts |
Sorry. Steven Bromberg on the Home Shopping Network.
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Pillar of the Community
1007 Posts |
 He probably had more at one time. |
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Pillar of the Community
Canada
2984 Posts |
Quote:
They had the 5oz. Beaver coin on the Coin Show yesterday.
They said they had 200 of them and were selling it @ $549.
Is this normal for one dealer to get over 13% of mintage (1,500 was the mintage)?
Apparently they sold them all. You don't need to be a dealer to order 200 coins. Most coins don't have a limit to the amount you can order. You or anyone else could have order 200 of the 5 oz coins. In fact, in the RFD forum, someone mentioned a MC member ordering 200 of the 5oz SML coins, thus causing it to go out of stock. |
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Pillar of the Community
Canada
5324 Posts |
this is another example of the RCM policy of letting a private company commisioning a coin. His company paid for the design for the 1oz. and 5oz. beaver coins and as such was allowed to buy half of the mintage. Kind of version of the polar bear 1.5 oz. silver bullion coin, but with at least canadian distribution. I guest the RCM will produce any canadian coin for the right price, waiting for a Precident Choice yellow loonie! |
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Valued Member
Canada
330 Posts |
Thanks for the reply's. I'm new to coin collecting and trying to learn the ropes. Much appreciated.
With no limits and with such a small mintage, someone could really affect the price on a new hot coin if they had the funds to do so.
Of course that could also work the opposite way if it's a flop.
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Valued Member
Canada
189 Posts |
I am pretty sure that he is the owner of Canadian PMX in Richmond Hill. Their store has lots of coins! I bet that he has some kind of connection with the RCM. |
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Pillar of the Community
1007 Posts |
John100
Where did you get this info? Please provide facts.
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Pillar of the Community
Canada
5324 Posts |
if you can afford to design and production cost for a nclt coin, the RCM will allow you to contol half of the mintage. thats why this and the 1oz. beaver will rise in price because one dealer has half of the production. take a look at the 5 oz. calgary stampede coin you can purchase everywhere at issue price. |
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Pillar of the Community
1007 Posts |
How come the 1oz was on sale at a discounted price at some stores?
Edited by Rockdaddy
02/03/2013 10:18 am
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Pillar of the Community
1007 Posts |
You can still purchase the 5oz beaver at issue price.
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Pillar of the Community
Canada
5324 Posts |
meet Mr. Bromberg at CAND in Hamilton last weekend he confirmed it, was previously told by a mint employe who believes this policy is wrong. By the way, Mr. Bromberg is a very nice guy. On Monday phone the store, I am sure they will confirm they designed these two coins.
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Pillar of the Community
Canada
5324 Posts |
on the shopping channel this weekend he raised the 1oz. 10.00 and the 5 oz. to 549.00 his company only has half of the mintage.
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Pillar of the Community
1007 Posts |
He always sells things at inflated prices on the shopping channel. I don't get your point about the stampede coin, the beaver is still available at issue price.
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Pillar of the Community
Canada
5324 Posts |
if you have half of a mintage you will most likely control the near term price of a coin, the point with the stampede coin is its over 6 months since sellout, distributed by the regular RCM dealers and you can still purchase it today at issue price. Chances are gatewest will raise their prices monday on the beaver coins. |
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Replies: 22 / Views: 2,817 |
Posted 02/03/2013 12:36 am
