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 Replies: 16 / Views: 3,764 |
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Press Manager
 United States
1420 Posts |
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Pillar of the Community
Canada
1118 Posts |
5 20 for 20 coins and a 100 for 100 coin and I get 5 free dollars? Neat!
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Pillar of the Community
Canada
5324 Posts |
So if 20 million Canadians orders on this offer the RCM will lose 1 billion dollars |
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Pillar of the Community
Canada
1505 Posts |
Thanks for the reminder, just ordered.
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Valued Member
Canada
430 Posts |
This is money in the bank. Spend $200...collect about 2% instantly. Better than the banks high interest savings accounts, and tax free!
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Pillar of the Community
Canada
2845 Posts |
So if getting $5 free is exciting, hope it's not a let down when only $3.40 arrives.
Do the math.......:-)
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Pillar of the Community
Canada
1505 Posts |
Depends on your credit card, I use the points for flights and often yield 6-8%, this gives me about $15 in value. If cashback, $5 is easy.
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Pillar of the Community
Canada
6768 Posts |
Quote:
So if getting $5 free is exciting, hope it's not a let down when only $3.40 arrives.
Do the math.......:-) This is exactly what I think. Have no idea what to do with the set, except open it and spend as circulation, do not want bother myself reselling it, do not know about any points with my credit card, and never dealt with cashback. No, I not usual to waste the money... but exactly same savings doing with Starbucks, while not going there for additional time per day. Edited by Silveroid
11/21/2015 08:28 am
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Pillar of the Community
Canada
2845 Posts |
Thanks for your wise thoughts Silveroid. It never ceases to amaze me how "incentives" (aka gimmicks) and advertising entices some people to do stuff that they wouldn't ordinarily be interested in. Consumerism is everywhere one looks, a huge behind-the-scenes focus on getting us to spend money or spend money to make money, but certainly not about saving money or not wasting money. Noticing how X for X coins are overtaking RCMs NCLT sales, more and more folks are cashing them in, how long will it be until RCM refuses cash redemption because their profit on NCLT is being continually eroded? The only alternative is their issuance of credit vouchers for other RCM products? All indications cause me to believe it will happen sooner than later....... |
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Pillar of the Community
Canada
5324 Posts |
The philosophy at the RCM will only change with a drop in profits or a new top leadership with a collectors mind in their decision process. As for profits, by them not being able to profit from BOC for Canadian circulation and the endless redeeming of the 20 for 20 types of coins, it must cost the RCM around 5.00 each to redeem these coins, there is shipping and handling both ways, bank fees, at some point they will get the message. Lay offs will be the first signs things are heading in the right direction, unfortunate for the employees affected. |
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Pillar of the Community
Canada
1118 Posts |
$2+$1+50c+25c+10c+5c=$3.90. I just guessed at the price guys. Sorry. That is the reason I majored in Folklore/Ethnomusicology and not Engineering.  |
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Pillar of the Community
Canada
3690 Posts |
Quote:
$2+$1+50c+25c+10c+5c=$3.90. No 50 cent piece in these sets....3.40 |
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Pillar of the Community
Canada
1118 Posts |
Haha, OK, I am going to stop now. I just keep making myself look more stupid.
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Pillar of the Community
Canada
2984 Posts |
Quote:
Noticing how X for X coins are overtaking RCMs NCLT sales I wonder how many people are buying x for x coins just to maintain their MC status. Besides the x for x coins I have bought nothing from the RCM for months. The Mint Boutique in Vancouver is overflowing with coins from 2014 and 2015. No one seems to buy them and the store is virtually empty most of the time. Who is really buying all the coins? |
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Pillar of the Community
Canada
1751 Posts |
Maybe its why the mint has started to sell on ebay. I dp wonder how many x 4 x coins get redeemed, and will some become rare. |
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Pillar of the Community
Canada
6768 Posts |
Quote:Maybe its why the mint has started to sell on ebay. I dp wonder how many x 4 x coins get redeemed, and will some become rare. In one of the threads I saw reference to ebay seller royal_canadian_mint and for 99% this is not RCM's account. |
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Replies: 16 / Views: 3,764 |
Posted 11/20/2015 6:58 pm
