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Maybe The Mint Should Consider Repricing Their Coins..?

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Valued Member
Canada
430 Posts
 Posted 06/21/2013  11:41 am  Show Profile   Bookmark this reply Add Coinsplus to your friends list Get a Link to this Reply
I also don't think the Mint will adjust prices. It's like cup of coffee prices at Tim's or Starbucks.... When price of coffee beans went up, they increased prices.... When coffee bean prices dropped considerably, they still left their prices as is. No justice at all.
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allspice's Avatar
Canada
746 Posts
 Posted 06/21/2013  12:11 pm  Show Profile   Bookmark this reply Add allspice to your friends list Get a Link to this Reply
Thanks for the correction, Commems!

So when silver was at about $5 an ounce, RCM silver dollars were composed of .925 silver weighing 25g. How much silver would that be? About $3-4? About 8x spot?

Another way to compare, would be:

- silver @ $5 with RCM silver dollar price $25-$35
- silver @ $20 with RCM silver dollar price $70.

- $5 spot x 5 = $25 and $5 x 7 = $35
- $20 spot x 5 = $100 and $20 x 7 = $140

So, isn't $70 for a 2013 silver dollar still a better deal than earlier issues for about $30?

Hope this makes sense...
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loonar's Avatar
Canada
96 Posts
 Posted 06/21/2013  1:38 pm  Show Profile   Bookmark this reply Add loonar to your friends list Get a Link to this Reply
Why use multiplication rather than substraction? The silver price jumped 5 times in 10 years, not the production cost. If you apply the same model to gold, the premium they charge would be unbearable.
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Lithanial's Avatar
Canada
451 Posts
 Posted 06/21/2013  4:53 pm  Show Profile   Bookmark this reply Add Lithanial to your friends list Get a Link to this Reply
The only way they would drop the prices is if people quit paying those prices. We can complain all we want about the prices, but people still buy the coins. With the recent market slipping and the magnitude of releases, it might not be long before the Mint drops their prices.
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Mrpiedfort's Avatar
Canada
663 Posts
 Posted 06/21/2013  5:20 pm  Show Profile   Bookmark this reply Add Mrpiedfort to your friends list Get a Link to this Reply
Using the Perth Mint as an example, it doesn't look like they dropped their prices much despite few sellouts these days.
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silverwolf's Avatar
Canada
3733 Posts
 Posted 06/21/2013  6:07 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
and I believe the face value printed on the coin is not an accurate method of figuring out face value case in point the 100-4-100 coin, and I am sure no-one will ever sell their Venitian Glass coins for their face value, but some people will sell and have sold their 20-4-20 coins. If the mint sold nothing but 20-4-20 coins, and 100-4-100 coins they would go broke very quickly.
As people have already returned those coins for there initial investment. Those coins are what they call in the business Lost Leaders, they are trying to get more people buying other coins,..just my opinion.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 06/21/2013  9:09 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
All mints buy their silver and gold for their NCLT products on forward contract.
That is only ONE component that affects their sale price.
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elkslayer132's Avatar
Canada
981 Posts
 Posted 06/21/2013  9:31 pm  Show Profile   Bookmark this reply Add elkslayer132 to your friends list Get a Link to this Reply
And maybe pigs will fly soon
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