Quote: ...my Representative...I quote him "Sometimes they receive few quantities from cancellations so they put it up on the web until it sells out"...
Those are the fakes I was talking about arianzo!
Quote:
...And on another subject he said: " In the next year there are a lot of changes coming through the pipes, among which are vast improvements to the MastersClub program."...
On a more serious note I noticed that the mint sought and successfully received authorization for the Superman coins on my credit card last week.
Those authorizations have now disappeared, leading me to believe that there will be delays in shipping out these coins.
Rumors have already been circulating that this is the case and some folks have received notification from authorized dealers that the mint will be late.
Of course I could be wrong. It's been known to happen...
Quote: And on another subject he said: " In the next year there are a lot of changes coming through the pipes, among which are vast improvements to the MastersClub program."
That's why I prefer to buy the coin, when it comes immediately from RCM, and not via the other source even discounted. Hopefully, in the Mint will see that I serious and loyal.
Quote: Rumors have already been circulating that this is the case and some folks have received notification from authorized dealers that the mint will be late.
Absolutely correct. They charged the credit card, notifying, that coin reserved, but delayed.
Like Silveroid, I too hope the RCM will improve how they reward loyalty. I maintain my MC membership only because it provides first dibs on coins before they are released to the general public. That said, $1000 per year can be steep for many. I would like to see the RCM introduce a less onerous category for MC membership, say $500 with the reward being some sort of pre-public access, albeit after 'elite' MC members have had some opportunity (say three days) to buy the coins. (Forgive the term 'elite'. It may only mean those with bigger credit card debts!)
Regarding loyalty with MC members, they allowed non MC members to phone orders on the gold superman on rep day and accept them. This example is a little off this thread, but when rep emailed offer of the big coin sub with case, one had the thought the sub was only through the RCM, as we now know one major dealer offers the same sub with bonus set and bonus points. Loyalty should go both ways, apparently some MC are on waiting list for the gold superman.
Quote: Regarding loyalty with MC members, they allowed non MC members to phone orders on the gold Superman on rep day and accept them. This example is a little off this thread, but when rep emailed offer of the big coin sub with case, one had the thought the sub was only through the RCM, as we now know one major dealer offers the same sub with bonus set and bonus points. Loyalty should go both ways, apparently some MC are on waiting list for the gold Superman.
The way they handled the gold Superman coin was pretty poor. It was a hit or miss depending on which rep you got. I got stuck on a waiting list even though I ordered the night before. I was forced to buy $160 more to get one from a dealer.
I hope the upcoming changes to the MC program will address some of the problems. Like giving more of an allocation to loyal MC members. And less to the dealers who seem to get a large allocation of the gold superman. If the Mint concentrate on MC members they could make more money since they pay full price whereas dealers get a discount.
Although RCM did let NON-MC members order the coin, they did not notify them about the gold coins, it was the MC members, and those with reps who notified other people of these coins, such as here on this forum and on other forums. Although the RCM shouldnt accept orders from non-mc when the coin is not available on the website, if MC members do not want other people buying the coins, then there shouldnt be posts about coins on this forum until the coin is publicly available. A quick google search can bring up this forum and RFD forum, where anyone can access coin and ordering information. I am trying to say that RCM is not the only one to blame for MC members not getting the coin, also there are way too many MC members and I think that the benefits should be increased but the qualification should also be up to $2000.
Although even $2000 may be a lot for me, but overall it will target more serious collectors and not people like me (im just a uni student) Becoming MC for me was as simple as a few $20 for $20 coins, and then the $100 for $100 subscription, with 6 coins, and then 3 coins as a single purchase, so 6 bald eagle coins. which I simply sold @ FV after it was sold out. With coins such as the gold and the new 5oz coins, $2000 seems more reasonable.
How hard is it for the RCM to refuse non MC orders until it appears on the public site, it's just common and good business sense. The RCM is the only one to blame, concert tickets often have vip early sales for special members and as mentioned before the RCM in the last few years work on a 1.5% profit margin with most of that in the bullion and ETF divisions, seems like most of the coins profit goes to their large dealers. Some loyalty, all they care is sell as fast they can to anyone, the only hot coins out of over 300?
I think dealers should always get the largest allocation, this is the one coin this year that has done well, their hugging the rest of them to sleep at night. There's really no incentive for them to operate as a dealer then and pump well over 1000 a year into the RCM. Dealers that get the large allocation are probable the ones that have dealt with them for a very long time and are in it for the long term it just makes sense to treat them better.
I agree that the coin shouldn't be sold to just about anybody who calls in though, that defeats the purpose of the MC program all together since shipping is free for orders over $100.
Quote: Like Silveroid, I too hope the RCM will improve how they reward loyalty. I maintain my MC membership only because it provides first dibs on coins before they are released to the general public. That said, $1000 per year can be steep for many. I would like to see the RCM introduce a less onerous category for MC membership, say $500 with the reward being some sort of pre-public access, albeit after 'elite' MC members have had some opportunity (say three days) to buy the coins. (Forgive the term 'elite'. It may only mean those with bigger credit card debts!)
Sorry, if anything, I want them to upped the requirement for MC Members. With the number of coins being releases, it is not that difficult to hit the $1000 mark. Most coins are hovering around $100 or more each. With the number of MC members that we have now, RCM will never please all those that wants the superman gold coin. They have to appease the dealers, MC members and regular collectors. Good luck trying to do that with 2000 mintage. If they increase the mintage, everyone will be complaining about that too. For those that wishing RCM to allocate less to the dealers, good luck on that. It won't happen. MC members complained about not able to get coins and all they have to do is hit the $1000 mark, what would you think the dealers do when they don't get a chance to get these coins? They spend far more than MC members and some required to buy coins that are not hot. Granted they have the 15% or more margin but at the end of the day, they still required to buy more than MC members. Would you want to be their dealers if all only get other coins and not hot coins?
We all get excited when the RCM issues one coin that apparently has risen in price. It is sad that this only happens a few times a year. MC members deserve to get first access to the Superman Gold, and perhaps the privilege should have been enhanced. If you spent $1000 to 2000 on coins this year it is likely you lost money if you tried to sell them. Are there any other coins, beside the Superman coins, that have risen in value this year? Maybe the Frog coin, but I can't think of any others.
Im a bit concerned about this delay in shipping this Superman release by the RCM...does anyone have the inside information on this possible delay? I originally heard about it through an ebay listing for the 2014 Superman gold coin ...and another question ....have the Canada Post outlets had any actual coins for sale yet?
Quote: I'm a bit concerned about this delay in shipping this Superman release by the RCM...does anyone have the inside information on this possible delay?...
Cassidy, I have no inside information, other than a rumor that sombody managed to slip some Kryponite into the mint's silver supply.
However I would not be too concerned. A delay like this is not all that surprising given previous experiences. Remember the two Loons.
poor Frankenstein...always gets a bad rap but he really meant well at heart
naturally we cant do anything about RCM frightening shipping delays but I'm just afraid it might interfere with my travel plans to Monaco where I had hoped to invest my profits from the new Superman gold coins into a time share...i must be out of my flipping head to depend on the RCM but as a hi risk NCLT Superman collector sometimes you just have to take a chance and go with the presellers who assured me they would definitely ship a week ago
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Posted 09/06/2014 5:26 pm
