Surprise Sale From Gatewest On RCM Numismatic Coins Today.

Thanks for the link but no specials for me

Just around bullion value, how sad.

Thanks justsilver! Much appreciated.




Thanks for your pity, MoneyPenny. That's why I bought another set at the deep discount. They're selling for much higher on ebay, so will try to recoup some of my loss on the first set. I will never buy anything from RCM at issue price again.

However, the 2oz Moonlight Fireflies coin seems to be holding its value, as well as the Maple Leaf shaped coin. I wonder if it's just a matter of time for these coins, too? My thoughts are that if they haven't dropped in price by now they could hold their value.

Completely agree here! I'm a Platinum Prestige member (yes... I spent waaaaaay too much money at the RCM in the past), and I'm honestly done with purchasing NCLT direct from the RCM. It just doesn't make sense to buy direct on 95% of issues, when you can find them in the open-market for 25%, 30%, 40%, 50% or 60% off-retail.

I think the RCM marketing system is broken - they need to choose between direct distribution or dealer distribution... only then will supply be more accurately matched to "actual" demand.

Despite some great deals in the dealer / secondary market right now, every time I hear about another "SALE", I want to scream and !

You are welcome, all.

It is sad to see RCM's products tanked because I am holding many of them.

But I learned my lesson now.

lol.

just a heads up and I don't recall who, but someone on the forum was looking for the Flanders enameled SD on sale. GW have it for $59.95 until Sunday.

Completely agree here. It's super easy to negatively "generalize" when we see deep-discount sales, but you are 100% correct - most sales are for items nobody wants.

I also owe the dealer network an apology... my last post sounded as though I was blaming "them" for the RCM's issues. This is not the case at all. The RCM is driving sales, marketing, and production strategy - not the dealer network. If anything, the dealer network is also feeling the sting of what is happening with the RCM's present strategy (thus, the discounts).

Novel idea: what if the RCM posted allocations for each release? This would allow everyone to get a true feel for demand.

Example: Mint releases new GITD dinosaur coin (insert eye roll). With this release, they state that 20% is allocated to RCM sales, and 80% is allocated to the dealer market. As such, if the RCM site posts a "sell-out", we as informed consumers know that their 20% allocation is a drop-in-the bucket, and this "sell-out" isn't indicative of total market demand.

Example 2: Mint releases a new maple leaf shaped coin. With this release, they allocate 75% to RCM sales (stating this on their promo literature), and in one day, 80% of this allocation is sold. We would know this might be a "hot" coin... one to follow.

Thoughts? Maybe I am thinking too generalized?

Then again... maybe the above information should be something that the RCM rep network passes on to its "good" customers. In MC communications, this material could be included (another benefit of the MC program - inside information).

That being said, has the RCM shut down the rep program, or is my rep simply on an "extended holiday"? No reply, out-of-office response, sign of life, etc. from my rep for a couple of weeks, despite attempts to contact. If the rep vacation allowances are this great at the RCM, please show me where to submit my resume!