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Will The RCM Follow The US Mint's 2014 Pricing?

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arianzo's Avatar
Canada
2124 Posts
 Posted 12/17/2013  10:59 am  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply

Quote:
commems
US Mint's surprising move to lower its prices on its upcoming commemorative silver dollar (due to the current silver market) and its possible impact on the RCM's pricing for its upcoming silver dollar.

The USM and RCM price their annual commemorative silver dollars very similarly. It might make sense for the RCM to follow suit and lower their coin prices as well.


So, you think that RCM and USM are directly competitors?
I don't think so.
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12286 Posts
 Posted 12/17/2013  1:32 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@arianzo: I think all of the world's mints are competitors to some extent. They are all chasing collector dollars for their NCLT products and are all trying to expand their international customer base.

In the case of the RCM and USM, their geographic proximity and overlapping collector audience makes it "smart business" for them to keep an eye on each other on many levels, including technical innovations, popular products and pricing.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Valued Member
Canada
246 Posts
 Posted 12/17/2013  2:32 pm  Show Profile   Bookmark this reply Add Mlalonde1977 to your friends list Get a Link to this Reply
While the US have a domestic market about 10 times bigger then the RCM, I don't think the US mint really matter about the RCM product...
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commems's Avatar
United States
12286 Posts
 Posted 12/18/2013  09:45 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@Mialonde1977: You may be right, but I have a different view. We'll just have to agree to disagree.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Pillar of the Community
arianzo's Avatar
Canada
2124 Posts
 Posted 12/18/2013  10:40 am  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
I consider that the RCM marketing strategy and public is very very different.
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arianzo's Avatar
Canada
2124 Posts
 Posted 12/18/2013  11:11 am  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
If RCM would want to lower it's prices they could do it, they have a good profit margin. Check how the employees get between 5 and 15% discount like a dealer: http://ottawa.kijiji.ca/c-buy-and-s...IdZ552397687
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canadian_coins's Avatar
United States
2408 Posts
 Posted 12/18/2013  9:22 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
interesting - 5% to 15% discount. Hummmm... maybe the executives also get coin options (like stock options but for coins). Great. More flipping.
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Anjohl's Avatar
Canada
815 Posts
 Posted 12/19/2013  4:28 pm  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
It's already $25 for $20 at the post office, and no, the RCM will NEVER reduce prices. They will just reduce mintages.
Valued Member
United States
134 Posts
 Posted 12/19/2013  8:48 pm  Show Profile   Bookmark this reply Add mltung to your friends list Get a Link to this Reply
In fact, the RCM has increased prices in 2013 despite the fact that precious metal prices have fallen.
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allspice's Avatar
Canada
746 Posts
 Posted 12/19/2013  10:03 pm  Show Profile   Bookmark this reply Add allspice to your friends list Get a Link to this Reply
Then again, the mint might reduce the amount of silver per coin and keep the 20 4 20 @ $20... you know, like they do with chocolate bars and potato chips... umm... popcorn?
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