RCM / Royal Canadian Mint Sellout Alert - Batman Vs Superman - Dawn Of Justice

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Author	Replies: 8 / Views: 2,738
CCFPress Press Manager United States 1420 Posts	Posted 03/20/2016 2:05 pm Royal Canadian Mint - Batman Vs Superman - Dawn of Justice coins selling out fast. Report this Post to the Staff

R4mn33k Valued Member Canada 204 Posts	Posted 03/20/2016 3:48 pm I dont see where the demand for this is, probably gone to dealers at lower prices to make up a hype or demand. I got the gold one and made an attempt to sell it for $790 but it did not work, no one wants it so tomorrow I am returning it. I am sure Mint will get lots of returns. Report this Post to the Staff
CoinCanuck94 Pillar of the Community Canada 644 Posts	Posted 03/20/2016 3:49 pm I knew the gold coin was dead in the water the moment they increased the mintage to 3,000. Had they made the mintage 1,000 it would probably have done really well. The Mint is shooting themselves in the foot. Report this Post to the Staff
CC-Ottawa Pillar of the Community Canada 3690 Posts	Posted 03/20/2016 4:03 pm Quote: The Mint is shooting themselves in the foot How so? If they sold 95% of 3000 at even 70% of the retail price of $750 (assumed maximum dealer discount), they earned $1.5M in revenue. If they had a mintage of just 1000 and sold out at $750 per coin, they would only earn $750k. In order to be revenue neutral, they would have to increase the retail price to $1500, and not many would buy at that price. Further, they gain margin via economies of scale by increasing mintages. The Mint looks for market equilibrium to maximize revenue. Sorry but IMO they care nothing about creating wealth for flippers or even hardcore collectors. Edited by CC-Ottawa 03/20/2016 4:05 pm Report this Post to the Staff
MoneyPenney Pillar of the Community Canada 2984 Posts	Posted 03/20/2016 5:59 pm I agree with CC-Ottawa. The mint is out to maximize profits for themselves , not to enrich flippers. They must be slapping themselves on their backs and celebrating the selling 95% of the gold coin. Report this Post to the Staff
Silveroid Pillar of the Community Canada 6768 Posts	Posted 03/20/2016 6:04 pm CC_Ottawa said well, that's truth, RCM made good money selling these, and they do not care , does the coin go well or not, this basically re-sellers definition. And yes, mint doesn't really care about collectors, but they try to do all improvements, in order people continue to buy coins from the mint, which is very understandable. Report this Post to the Staff
john100 Pillar of the Community Canada 5324 Posts	Posted 03/20/2016 9:35 pm Most likely the gold unit is probably sitting in dealer inventory, like the last few gold units you can buy at or below issue. Report this Post to the Staff
Lostwords Pillar of the Community Canada 1528 Posts	Posted 03/21/2016 12:40 pm ^ or flippers. I saw someone posting on Ottawa kijiji that they have three gold coin for sale Report this Post to the Staff
CoinCanuck94 Pillar of the Community Canada 644 Posts	Posted 03/21/2016 3:00 pm From a profit standpoint, yes I agree, the Mint is making a killing by selling an extra 1,000 coins. However, beyond just making more profit, what I meant by the "mint is shooting themselves in the foot" is that as a loyal and long time customer, it discourages me from buying their coins. Of course, there will be people who will buy them, that is understood, however, increasing the mintages on coins that have done okay in the past (i.e. previous gold superman coins) just makes me personally not want to buy their future coins. Report this Post to the Staff
	Replies: 8 / Views: 2,738

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RCM Sellout Alert - Batman Vs Superman - Dawn Of Justice