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 Replies: 65 / Views: 9,210 |
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Pillar of the Community
Canada
590 Posts |
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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. So people are ticked off because it well effect the sale of existing items. Balderdash. Any collector that buys a gold plated penny wont have any idea that it is a bad product. I was ticked of because the mint made a bullion clone of my 1812 gold 1/4oz coin. I can't sell it because people cant tell the difference between the two coins, nor can they justify the price difference. In essence when the mint decided to make an exact duplicate coin, but different finish, they devalued the existing coin. So when I talked to my mint rep what was his response? Quote:
They are different products and one should not effect the sales of the other. The bullion coin does not have a proof finish or come with a case and COA and that justifies the price difference. So if you have a problem with this, get over it. According to the mint it is not a competitive product to the existing products and will not effect the price of what what previously issued. |
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Pillar of the Community
 United States
1002 Posts |
With regards to the bullion clone of the 1812 gold 1/4 oz coin, of course the RCM wouldn't care because it was THEIR product. I am sure they were well compensated by Goldline to produce them. |
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Pillar of the Community
Canada
590 Posts |
So why is this an issue? If they don't care, and they won't produce a gold plated penny, and they won't produce any more farewell to the penny product and they say it won't effect the price of existing products why are people making a big deal out of this?
If you thinks its fake and over priced, don't buy it. But its obvious the coin has buyers and that there is a demand. If people want to spend stupid amounts of money for a number on a roll of pennies why is it wrong to want a gold plated penny. Same level of stupidity in my book.
The only person who deserves to be angry is the designer of the packaging, Monnet Design.
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Pillar of the Community
Canada
1751 Posts |
I agree the packaging is the big issue. Especially for someone that has vision problems. A casual glance at the box, you would think it is a RCM product. A person could get excited at the perceived bargain, only to find on arrival, it's not a mint product. Is there a disclaimer in the description, explaining its a private product and not a official mint product ? It's all about transparency, and not tricking the consumer. There should be a plainly visible disclaimer on the box. This way the consumer could make a well informed decision. Rox |
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Pillar of the Community
Canada
815 Posts |
So Pocket Change, should the box have a boldfaced type wrap-around disclaimer to the effect of: "This is a standard uncirculated 2012 Penny that I had privately dipped in gold, and packaged"?
Buyer beware, this is capitalism at its best, not deception/criminal.
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Pillar of the Community
Canada
1751 Posts |
For the sake of full disclosure,one side of the box could have small bold type stating privately minted. The disclaimer doesn't need to be ten feet tall. This way the seller is protected, the consumer can make an informed decision whether or not to buy. Others cannot complain that the seller is being deceptive. Isn't the goal clear communication and not misrepresentation! Free enterprise still survives. It's why there is the different laws to protect intellectual property. It's what brand loyalty and trust in a brand is all about. Remember this product is not returnable, once you discover your mistake. Rox
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Pillar of the Community
Canada
590 Posts |
@pocket change 50
You are over complicating a problem that is not yours. I could not care less that this person is doing this because I don't intend to buy this coin. Personally I feel bad for the customers only because the whole package is not worth more than $35.00. But if you want to be a hero, why not bring up all the coins that are modified and misleadingly sold as mint products. One that comes to mind is the latest wildlife series of bullion. Nobody is stopping the people from selling the colored or gilded coins. May are mistakenly misrepresented as mint products and I'm pretty sure the mint did not make them. How come nobody complanes about these product?
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Valued Member
United States
149 Posts |
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You are over complicating a problem that is not yours. I could not care less that this person is doing this because I don't intend to buy this coin. We shouldn't discuss coins we're not going to buy? Some people don't like the packaging. Deal with it. Quote:
Personally I feel bad for the customers only because the whole package is not worth more than $35.00. It would cost less than $1 to make. Why do you think it's worth $35? Quote:
But if you want to be a hero, why not bring up all the coins that are modified and misleadingly sold as mint products. One that comes to mind is the latest wildlife series of bullion. Nobody is stopping the people from selling the colored or gilded coins. May are mistakenly misrepresented as mint products and I'm pretty sure the mint did not make them. How come nobody complanes about these product? Maybe if you could post a photo. Are you saying they copied the RCM packaging too? |
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Pillar of the Community
Canada
590 Posts |
Quote:
We shouldn't discuss coins we're not going to buy? Some people don't like the packaging. Deal with it. You're reading between lines that are not there. I simply said this is not your problem or the general public's problem. The problem belongs to the mint. Since you don't own the problem you are spending to much effort to resolve an issue that does not effect you. I did not say don't discuss the coin. As for the cost of the coin: $1.20 per coin for plating. $4.00 for the case $0.50 for the sleeve $0.50 for the capsule $6.20 to manufacture. Add your time to design a develop and the fixed cost is around $10 - $15. After selling expenses to double your money it would need to retail for $35.00 max. |
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Pillar of the Community
Canada
590 Posts |
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Valued Member
United States
149 Posts |
Quote:Another Gold Plated Penny. But this time just the penny. The seller even says its not mint issue and that the mint never made one. Selling it as a good luck charm, and for only $5. http://www.ebay.com/itm/30088340906....m1555.l2649 The other seller was claiming that only 10,000 gold plated pennies would ever be made. I wonder if he counted these among them. I don't think so. |
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Pillar of the Community
Canada
3690 Posts |
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Pillar of the Community
United States
1002 Posts |
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I dare you to watch (and listen to) the whole video. Well there is 5 minutes and 45 seconds of my life I won't get back!  |
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Pillar of the Community
Canada
590 Posts |
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Valued Member
United States
149 Posts |
They should glue a glass bug to them.
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Replies: 65 / Views: 9,210 |
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Posted 03/21/2013 1:47 pm
