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New Old Coins At RCM

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Pillar of the Community

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 Posted 09/16/2014  10:42 pm Show Profile   Bookmark this topic Add mts to your friends list Get a Link to this Message Number of Subscribers
7 "new" coins at RCM. Though, none of them are from RCM and they all are year 2012.
Added.
Who would pay $94.95 for Vienna Philharmonic coin when it is available on ebay for $30?
Edited by mts
09/16/2014 10:46 pm
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Solidifier's Avatar
Canada
814 Posts
 Posted 09/16/2014  10:58 pm  Show Profile   Bookmark this reply Add Solidifier to your friends list Get a Link to this Reply
That's messed up. They are just selling a bunch of bullion for 94.95 each........

They must think we are really dumb
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Canada
6768 Posts
 Posted 09/16/2014  11:03 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
That's messed up. They are just selling a bunch of bullion for 94.95 each........


They are part of f15 2012 Subscription.
So actually, they sells for years for this price, not new at all. And the people buy...

For this money the buyer will get basic bullion coin in the fancy, but non-airtite capsule and numbered certificate. Mintage of 10.000 (not the coins, but sets).
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arianzo's Avatar
Canada
2124 Posts
 Posted 09/16/2014  11:34 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply

Quote:
mts
Who would pay $94.95 for Vienna Philharmonic coin when it is available on ebay for $30?


Review from the website:

"Who can complain with such an amazing coin- looking forward to 500 for 500, but I'll settle for another 20 for 20 &/or 100 for 100. "
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SilverDon's Avatar
Canada
2360 Posts
 Posted 09/23/2014  10:49 am  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply
The Koala on the left I paid $34 same coin as for sale in that series, no difference, why would you pay more.

New-Old-Coins-At-RCM
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thecurse9's Avatar
Canada
112 Posts
 Posted 09/23/2014  10:58 am  Show Profile   Bookmark this reply Add thecurse9 to your friends list Get a Link to this Reply
I think the RCM went a bit overboard with that.

I could understand paying maybe $20 or $25 over spot for each coin knowing that I get a good-looking Fab15 box and a square capsule. Even more than that for a F15 privy or rare coin.

But $95 for a Panda, a Philharmonic or a Koala? Without any box? That is just ridiculous!
Edited by thecurse9
09/23/2014 11:00 am
Pillar of the Community
Canada
6768 Posts
 Posted 09/23/2014  11:41 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
The Koala on the left I paid $34 same coin as for sale in that series, no difference, why would you pay more.


this coins are the peak of argument for Numis vs Bullion

I understand that this Mint's offer just rediculous, but guys, I hope most of you familiar with overpriced F15 Sub, with it content and prices.

So, the people who paid $95 within a sub (yes it too much), but they've got a free box, capsules, COAs - complete set (which actually far from the best). Now, RCM sells leftovers, so the Mint can not allow to sell it for less than initial price ($95). Have you seen the discounts by RCM? Only promos, like 54.99 for first coin in sub.

@SilverDon, did you pay $34 for Koala?
The bullion stacker will say that it too much. Why to pay $34 for something that costs $25-$30?

Now, what to do, if someone wants the COA for Koala?
Or to buy the 1oz HR coin from Perth for $99, or to buy this one from RCM.
Panda - there is some limited issue that comes with box + COA by Chinese mint (for $40-$50), otherwise - for whoever wants the COA and fancy capsule - only expensive RCM solution.
Same with Philharmonic....

In bottom line:
the bullion item costs $30, the same item but in "collectors" package - overpriced $95.
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SilverDon's Avatar
Canada
2360 Posts
 Posted 09/23/2014  12:29 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply
Was looking at the date when I bought the 2012 Koala and wondered if I included the delivery in that $34 CDN, I didn't. I think the 2012 Koala has some amount of premium for being two years old (and a pretty nice looking coin), but not $60 above spot as is being asked for a coin in this series. I did buy it from Colonial Acres in March 2014, silver was at $19.75 USD per ounce. You can get a new 2014 SML or Koala for just above spot, so there is a premium for bullion coins depending on date, I know a Panda from 2012 is $37.83 USD from APMEX bullion now, so ~$20 premium over spot. Stackers buy new silver bullion coins at as close to spot as possible, rounds or bars are usually less in price. Remember that there are more and more affluent Chinese individuals buying Panda bullion making for a competitive market, much demand. I still buy them (foreign bullion coins) for their looks, neat coins to have that appreciate in value. I feel sorry for those that buy the Fab 15 bullion coins. Except for the Privy Marked SML which have a limited mintage, and the box, its a scam. Caveat emptor.
http://www.apmex.com/product/65588/...a-in-capsule
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Pokermandude's Avatar
Canada
1192 Posts
 Posted 09/23/2014  1:06 pm  Show Profile   Bookmark this reply Add Pokermandude to your friends list Get a Link to this Reply
What the RCM is doing here is far beyond the bullion vs numismatic bullion debate.

IMHO, it is price gouging plain and simple. The RCM has become quite reckless and greedy with their business practices...
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