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 Replies: 65 / Views: 9,212 |
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Pillar of the Community
Canada
815 Posts |
I fail to see how adding plating to the coin will violate Canadian law. I applaud the seller, it's a genius idea, as long as he makes it clear that he is selling a privately created commemorative.
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Pillar of the Community
Canada
5324 Posts |
i beleive its defacing a canadian currency and his box is a misleading farewell to penny design
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Valued Member
Canada
188 Posts |
Quote:
I fail to see how adding plating to the coin will violate Canadian law. I applaud the seller, it's a genius idea, as long as he makes it clear that he is selling a privately created commemorative. They're not, that's the problem. Besides playing on the 'last penny roll' madness, they are producing an item that you would see from Franklin Mint or Bradford Exchange - flashy, terribly overpriced, and little chance of appreciating in value . The layman may think they are getting a great deal, but it's more like snake-oil. Buyer beware. |
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Pillar of the Community
Canada
815 Posts |
I would never begrudge someone their right to spend their money.
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Pillar of the Community
Canada
815 Posts |
And you people reporting the auction need to mind your own buisiness.
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Pillar of the Community
Canada
1581 Posts |
For sellers on ebay, the trust in auctions and product is their business. Coming soon: 2013 pennies |
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Pillar of the Community
 United States
1002 Posts |
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as long as he makes it clear that he is selling a privately created commemorative. That is where the problem lies. If you look at his completed listings, he did not have success in selling his red boxed 2012 final gold plated penny. He switches to the box and packaging that is the same colour and design as the Mint and voila - his product sells! |
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Valued Member
United States
149 Posts |
I think it is absolutely genius.
The problem is the packaging and failure to make it clear that it is not a Mint product. If you're willing to trick people to make money, that is disgraceful.
The limited edition (9999) is bogus because there is nothing preventing someone else form plating 10M pennies.
I don't know about the defacing coin law in Canada. These coins are just coated. And you can find colorized and even scratch and sniff Canadian coins for sale, so I don't think the government is going to be too upset about a little gold plating.
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Pillar of the Community
Canada
815 Posts |
He doesn't insinuate it's the same as the 1/2 ounce coin, not same series, not same mintage.
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Pillar of the Community
United States
1002 Posts |
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He doesn't insinuate it's the same as the 1/2 ounce coin, not same series, not same mintage. No he's not....BUT what he is doing is using very similar packaging and imagery that the RCM used on all their "farewell" products. An uninformed buyer may reasonably think that this is another item put out by the RCM in their group of "farewell" offerings or they could mistake it for the 1/25 oz gold penny if they weren't paying close attention. RCM Box:  Knockoff Box:  Edited by canuck1us
03/20/2013 9:36 pm
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Pillar of the Community
Canada
814 Posts |
that box is an exact copy...
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Valued Member
Canada
188 Posts |
Quote:.BUT what he is doing is using very similar packaging and imagery that the RCM used on all their "farewell" products. The 'Limited Edition' on the box looks so enticing. And 9,999 made sure sounds better the a mintage of 10,000. As I said before, snake oil, and buyer beware. |
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Pillar of the Community
Canada
5324 Posts |
if the RCM does not act on this sale it shows how little they care for their own products and the collectors who support them. Can you imagine Coke or Pepsi allowing someone to package products in a knockoff design |
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Pillar of the Community
Canada
590 Posts |
Quote:if the RCM does not act on this sale it shows how little they care for their own products and the collectors who support them. Can you imagine Coke or Pepsi allowing someone to package products in a knockoff design Why would the mint care? All the farewell to the penny products are sold out, no new products are dew to be released. As far as the mint is concerned they are not misrepresenting the product as a mint product, there is no mint logo on the product. This packaging will never be reused, so its not like steeling a coke bottle design. I don't really see a problem here or why so many have their nickers in a knot. |
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Pillar of the Community
United States
1002 Posts |
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All the farewell to the penny products are sold out, no new products are dew to be released. Although unlikely, it is possible that the RCM may have planned or decide in the future to issue their own gold plated penny as some type of commemorative. Or Even though the Mint's farewell to the penny products are sold out, this item is still competing with them for collector's dollars. i.e. A casual collector makes one or two purchases and decide to buy this knockoff versus say one of the 1812 silver coins. Or New collector makes this knockoff his/her first purchase - sees that the quality may not be up to their expectations; decides not to make any further coin purchases. Nothing wrong with competition or offering a competing product; however when blatantly using a competitor's design to sell those products, it becomes an issue. It is similar to counterfeit Gucci, Louis Vuitton, etc. items. |
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Replies: 65 / Views: 9,212 |
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Posted 03/18/2013 11:58 pm
