RCM New Coin Issues

On pricing issue, the gold moose as mentioned above from Talisman, there is over 800.00 mark up for large dealers and we as collectors are expected to pay it, one understand there has to be dealer discounts but .800.00 on a 2800.00 coin. Also agree too many ill logical themed coins

I dont know if this has been answered before but whats the structure that the mint offers to dealers?

Is it a type where they sell at wholesale right or or is the type of system where they are always locked into buying product, such as getting discounts on future products by buying more of current product....


or is a combo? ... and finally, I bet some dealers work exclusive deals, such as govmint.com and silvertowne.

@ Dominic

I would attribute this mostly to the difference in the US-CDN dollar exchange rate. Talisman gets all these Canadian coins for an additional 10% discount.

Nevertheless, I agree that the poor Moose is way overpriced.

i see what you guys are saying. but honestly, I don't think that discount should apply on those. maybe 5 or 10% MAX. but think about it this way. if nobody had any discount, it would be fair to expect coins to then have a "FLOOR PRICE". dealers could/would just sell above the floor price and your coin would actually go up in value. it would become normal to have to pay a little more for a coin when bought at a dealer instead of directly from the mint. I'm sorry, but I think the lowest price where you can find a coin should be the mint. where it is made and come from. now, the way the system works with RCM, it is almost not a good thing to buy from the mint since you never know when you'll see it for cheaper somewhere else.

If they got rid of this, I think they would sell a lot more since dealers would have to sell a bit higher and probably would make more profit as they would sell more coins at "Full price" vs "Discount dealers price".

And just to go back to the "poor" moose, even with the conversion fees, it would still be cheaper for me to buy it from talisman than from the mint. that says a lot since pretty much all the comments I have seen on this forum said that Talisman is rather expensive...

Dominic, you haven't understood about the 'retail vs wholesale' business model. The mint has put a 'suggested retail price' (SRP) on all of their coins. The dealers are supposed to match that price - Usually as long as stock at the mint is there. Once a coin has 'sold out' then the prices will vary by market demands.

However, at the beginning, in order for a store or dealer to survive they are given a pricing schedule. It's usually based on their previous sales, and current orders. Most stores operate this way. You wouldn't expect to pay the same price for a box of screws from a wholesale distributor - as say Home Depot pays the same distributor. The mint and their supplier/dealer network operate the same way with discounts off of the SRP, so they in turn, can make a profit at the SRP.

read in CCN today over 300 new issues for 2014 ....................incredible!

I certainly agree that the RCM is issuing too many NCLTs. However this is where being a MC member comes in handy. One can pick up those coins that will appreciate in value. If I were not an MC member I would not have been able to obtain the gold superman coin, nor the complete set of venetian coins, nor the set of pennies, nor all of the silver snowflake coins, and so forth, other than paying premiums for the coins in the aftermarket. To be sure I have other sets which I doubt will appreciate as much and some that have fallen in value, but otherwise, I am very much ahead of my initial investment.

The trick is obvious: buy wisely.

Hi Pacificon. There are several things I look for: new technology, low mintage, historical and/or cultural significance. Combine those factors and you are likely looking at a good investment. Of course that is not always the case. Plus I look at everyone's comments here, which gives another clue at demand.

I also buy coins simply because I like them. Although like most would attest here, there is always a financial limit to what one wants to buy.

My main point is that MC membership gives one the advantage of getting first pick at those coins which look to be a good investment, which in turn are usually sold out before they go to the general public.