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2015 $20 Master Of The Sky: Canada Goose Free Coin

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Northerncoins's Avatar
Canada
2019 Posts
 Posted 09/21/2015  1:15 pm  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply

Quote:
The reason this might be so is most odd to me because it's not as if anyone ever thinks of buying stuff from other retailers such as Lowrs, The Bay or Walmart, thinking they can flip it for a higher price once stock has run out.


Its being done everyday , many privately owed corner stores do it, some ebay sellers do it, very common practice actually.

As far as the RCM goes, most people don't like to see the value of their "collectible" drop below what the paid, ya some don't care or atleast they tell us the don't care but in the back of their mind they are hoping it will increase in value. Most sane collectors do. Its all good and fine if they dont care about the value but someday they will need to sell or someone in their family will need to sell it for them, so if and when this happens wouldn't it be better to have them think, "oh wow" he/she was a smart collector, or on the other hand, "oh they spent how much on this stuff" and now its only worth this much...

Yes we all cant foresee how a coin / collectible will do long term but "some" forethought should go into the decision making, if not I have some petrocks I can sell to those people.

Edited by Northerncoins
09/21/2015 1:18 pm
Pillar of the Community
Canada
6768 Posts
 Posted 09/21/2015  1:47 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
someday they will need to sell or someone in their family will need to sell it for them, so if and when this happens wouldn't it be better to have them think, "oh wow" he/she was a smart collector, or on the other hand, "oh they spent how much on this stuff" and now its only worth this much...


I have some stuff, purchased in the rush, just cause "i like it" and above one of the reasons, that noways I sell it buy myself, in order not to left with items that have very low value....
Less coins, exactly themed and valuable - better and healtheir for entire collection.
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 09/21/2015  1:48 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply

Quote:
Coin nor any type of collectibles have NEVER been promoted as a short term investment option


I think it's exactly the opposite with NCLT. There is more money to be made from the short term hype of new coins (at least there was a few years ago) than with a long term approach. Long term, NCLT perform extremely poorly as an investment. Short term is what so called flippers are all about and plenty of them made good money flipping coins until the RCM decided to release 250-300 coins/year and saturated the market. Many flippers continue to make money from the short term turnover of coins from other mints.

Interesting that run of the mill silver MC members can now order this 'special coin' at the same time as regular platinum and gold members. What happened to the tiered advance notice that the new MC club was supposed to use?

John is correct. No sane person is spending $5K plus at the mint in order to get a $99.95 coin and case. They may buy that much for convenience or security especially if they buy they really high end coins over $10k each. They may also appreciate the intangibles afforded by the Mint as a preferred customer. That is, having a dedicated and attentive rep, higher purchase limits, status. easy returns/replacements etc.

If reduced cost was a primary factor they would buy from dealers and/or the rest of the secondary market. The current NCLT market reality is that buying from the Mint guarantees one that they will always pay issue price. Buying from other sources offers the ability to always pay less than issue. Therefore, assuming a knowledgeable consumer, cost is not a driving force for prestige MC buyers.

Clearly, getting something free that is available for purchase offers nothing to satisfy the motivation of the prestige MC members. The RCM marketers missed the mark on this one IMO. If they wanted to reward prestige MCs, the coin should have been exclusive and truly unique so that it complimented the wants and desires of those buyers.

Edited by CC-Ottawa
09/21/2015 1:51 pm
Pillar of the Community
Canada
5324 Posts
 Posted 09/21/2015  2:01 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Thanks CC-Ottawa you hit point right on, what a wasted program, the RCM thinks we are all dumb.
Pillar of the Community
Canada
2845 Posts
 Posted 09/21/2015  2:11 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:
Clearly, getting something free that is available for purchase offers nothing to satisfy the motivation of the prestige MC members. The RCM marketers missed the mark on this one IMO. If they wanted to reward prestige MCs, the coin should have been exclusive and truly unique so that it complimented the wants and desires of those buyers.



I appreciate the fact that we have become accustomed to reward programs offered by virtually every large company....but RCM is not a company, it's a Crown Corporation with no competition in the minting of Canadian collector coins.

In comparison to choosing to fly WestJet or Air Canada, the customer's loyalty is rewarded by one company or another for not doing business with the competition.

That's what's different with RCM. Whether one buys coin directly from them, from a dealer or from a private individual, RCM nets at the onset of the mintage sold. The incentive to reward "loyalty" doesn't exist. They have the right to presume buyers purchase collector coin with knowledgable and serious intent. If a valuable gift is deemed a reason to keep buying -- not wanting to sound over the top --- but I think we all understand the fine line between token gifts and bribes, and a Crown Corporation certainly would not want to go there....
Rest in Peace
Dcadon's Avatar
Canada
1360 Posts
 Posted 09/21/2015  2:14 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
CC-Ottawa
Quote:
the coin should have been exclusive and truly unique


With any attention to it's MC members, I wonder if this could be a factor in future issues of Members 'gifts'.
Come next July, the cut off date to make your Membership status, they take the number of members and create an exclusive coin - with strict mintage not to exceed the membership number. I'd buy that.... but better if it was free.
Pillar of the Community
Canada
5324 Posts
 Posted 09/21/2015  2:21 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Not to argue but, the Liquor Control Board of Ontario a crown corp. the only place to purchase booze in my fair province offer Air Miles and there are probably many other examples, this is just a flawed reward system trying to offer basically a trinket for your best customers.
Pillar of the Community
Canada
5324 Posts
 Posted 09/21/2015  2:27 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
One last voice, even if there is 20000 platinum plus members and the RCM offered a exclusive only to this group a 4oz. silver medallion that would have been a better reward
Pillar of the Community
Canada
6768 Posts
 Posted 09/21/2015  2:31 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
That's what's different with RCM. Whether one buys coin directly from them, from a dealer or from a private individual, RCM nets at the onset of the mintage sold. The incentive to reward "loyalty" doesn't exist.


This is not 100% exact, wildflower.

Same RCM coin, purchased directly via Mint, will bring to RCM full issue price amount. But the coin purchased via dealer, gives to RCM only part of the issue (cause RCM sold this coin to dealer for less than issue). So the "loyal" customers buy directly from the Mint, giving to Mint more money. Still loyalty is here.
Pillar of the Community
570 Posts
 Posted 09/21/2015  2:35 pm  Show Profile   Bookmark this reply Add mts to your friends list Get a Link to this Reply
Well, if one doesn't like the coin, he can send it to me. I'll pay the shipping.
Pillar of the Community
Canada
5324 Posts
 Posted 09/21/2015  2:43 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
That's not the point, would you spend 5000.00 at the RCM to get this coin and box?
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570 Posts
 Posted 09/21/2015  2:48 pm  Show Profile   Bookmark this reply Add mts to your friends list Get a Link to this Reply
Nope.
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 09/21/2015  2:53 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
This is the only free box I would want, if I was spending more than $5K at the RCM on an annual basis (and only on this product)...

2015-$20-Master-Of-The-Sky:-Canada-Goose-Free-Coin
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Pillar of the Community
Canada
5324 Posts
 Posted 09/21/2015  2:56 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
That would be cool !
Pillar of the Community
silverwolf's Avatar
Canada
3733 Posts
 Posted 09/21/2015  3:00 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
"With any attention to it's MC members, I wonder if this could be a factor in future issues of Members 'gifts'.
Come next July, the cut off date to make your Membership status, they take the number of members and create an exclusive coin - with strict mintage not to exceed the membership number. I'd buy that.... but better if it was free."

you might want to check this, I believe mc members get a certain percentage of the special coins, and first. but definitely not limited to just 1 per mc member.
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