| Author |
 Replies: 25 / Views: 5,360 |
|
|
|
Pillar of the Community
Canada
6768 Posts |
So the bottom line, they definitively overpriced initially, and RCM (except the marketing tricks like "free box") doesn't provides discounts, sales...never But anyway, better to buy from RCM directly, or one of the trusted sellers. Otherwise, who wants the reduced in price, but "second-hand" item, that issued months ago? (of cause exception for the collectors that missed new item or new collectors) . |
|
Pillar of the Community
United States
3789 Posts |
@silveroid-
Well, I do think there are a lot of collectors who want that second hand item, and I dont think its just newbies or someone that missed the coin.
I personally, there are some coins I want but I just now outright refuse to buy them at full price. There are many collectors who take great care in their collection as well, heck most of these coins end up being stored away anyways and rarely see the light of day so their condition usually is rather good.
This massive drop in prices tho, is just, wow. I am in two other hobbies and I do some things happening, prices dropping, 40 or 50% off.. but there is something jarring about being a precious metal coin dropping that hard....
perhaps tho this was a long time coming with PM prices being so soft.......
|
|
Pillar of the Community
Canada
6768 Posts |
Yup, sorry
I've been bit sarcastic saying about "second hand"
The main point enjoy the collection, is to buy what really need, like and fits the budget.
remove any of three components - and the person will not be satisfied.
So if need to get the coin with the reduced price - go ahead and to buy from secondary market, just be aware, that you might not like the condition.
And it's true about the newbies: all the good coins from 2007-2012 all in private collections (except the 1/2oz Penny with big mintage)
Edited by Silveroid
05/21/2015 7:36 pm
|
|
Pillar of the Community
United States
3789 Posts |
@silveroid hey no worries, I didnt take it badly. I was just thinking, I mean I do buy coins long after they been released.. only because I want a good deal and I wait and wait until I find a dealer offering a really good deal. I have scored a great deal by waiting for in a sense, second hand coins. There is a dealer on ebay who basically must be buying oversupply from either RCM or other deals, slabs the coins then has auctions. The coins usually go for 40 - 50% off with their auctions. Dont get me wrong,, I like some coins from RCM but I dont want to pay full price anymore. I am still stalking a Lake Michigan Great Lakes coin. Now I saw they have a coin with china panda and Canada bison I think it is.. I like that coin but its not worth it to me. anyways, I mean I dunno,,, I collect vintage and modern star wars toys. Prices do drop and come and go for items but like say modern SW toys, they drop, but not so massive like I see in coins. So I am shocked at the discount on coins when you wait a year or more.... |
|
Pillar of the Community
Canada
1461 Posts |
Both e_coins and MCM (and Silvertowne to a certain extent) in the US slab many Canadian coins. So I'm guessing you're referring to one of them. These are primary RCM dealers and they get their coins at a discount to start. And although many coins they sell graded at PF-69/68 can go for a less than mint price (and not many do at 40%), you won't find too many PF-70 coins they have sell below mint price and often far above. They also profit on first/early release labels. It's a law of averages. They may loose slightly on many coins, but have huge profit gains on the good ones. They also slab many circulation coins at high grade and profit there. As SPP mentioned in one of the threads, people have been losing money on RCM coinage for years. This isn't anything new. Investment shouldn't be the forefront reason why you by RCM products. Bottom line is that some people buy used cars some people by new ones. Some people line up for the next gen Ipad, some don't. Edited by TheCoinHunter
05/21/2015 9:34 pm
|
|
Pillar of the Community
United States
3789 Posts |
sorry to say but I have seen and documented countless coins that are PF 70 and go for 40% discount. When a coin is not wanted, not even a 70 slabbed label helps boost the demand for a that coin.
you can take that to the bank!
|
|
Pillar of the Community
Canada
1461 Posts |
So I looked through many PF70 sales of recent NCLT coins and rarely does one sell below mint price never mind at 40%. Possibly an example here and there of really unpopular coins but certainly not close to the extent of "countless" and not at 40%. Here is a sampling. http://www.ebay.ca/sch/i.html?_from...pg=200&rt=ncEdited by TheCoinHunter
05/27/2015 08:47 am
|
|
Valued Member
Canada
312 Posts |
I bought a PF70 whitetail deer coin from silver town for $80.00.......issue was $99.00
|
|
Pillar of the Community
Canada
6768 Posts |
|
|
Pillar of the Community
Canada
1461 Posts |
Look, I'm not saying that it doesn't happen. I'm saying that the claim that it's a common occurrence at 40-50% at PF70 is simply untrue. It also depends on how common the coin is and how available it is in a PF70. There are quite a few white tail deer coins in PF70 and a few did sell over mint issue.
|
| |
Replies: 25 / Views: 5,360 |
First Page
Posted 05/21/2015 6:41 pm
