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 Replies: 83 / Views: 8,473 |
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Pillar of the Community
Canada
5324 Posts |
I can not see this happening look at the RCM television adds and their guarantee of no value lost, they will get class actioned to no end. |
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Pillar of the Community
Canada
6768 Posts |
Quote:look at the RCM television adds and their guarantee of no value lost, they will get class actioned to no end. This is nice to hear. But probably RM customers also have heard ,many promises. Sorry, I do not have TV (more exactly cable or satellite TV service) |
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Pillar of the Community
Canada
5324 Posts |
Even the RCM flyers inserts also has the same guarantee. |
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Pillar of the Community
Canada
6768 Posts |
This is right John....
I didn't want to take a risk.
The $200 coins were nice in my opinion, but also attractive by it's face value specification. Since I have limited budget, didn't want that also these coins will drop in value (every coin, in my opinion will lose the value even the popular ones).
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Pillar of the Community
Canada
2984 Posts |
Quote:According to the news, published on the other site and mails from Rep, RCM will limit XforX coins purchase (3 for 100for100 as example), looks like Mint surelly not interested to get new MCs via XforX purchase. In addition, was mentioned, that "Face Value Program" will be updated. I suspect, that following RM, it will not be easy to unload/deposit them. Even if they limit to 3 of the X for X coins, it is still pretty easy to reach MC silver. Or even gold or platinum. 3 x $100, 3 x $200 and that is already $900 almost enough for Silver MC. Given there are multiple releases of the coins throughout the year it should be no problem reaching Platinum MC. But it will be harder to reach Platinum plus which is $5000 or Prestige which is $10,000 if just buying x for X and a limit of 3. I would worry more about the change in rule that you can't return to banks. Edited by MoneyPenney
04/06/2016 4:12 pm
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Pillar of the Community
Canada
2845 Posts |
Quote:According to the news, published on the other site and mails from Rep, RCM will limit XforX coins purchase (3 for 100for100 as example), looks like Mint surelly not interested to get new MCs via XforX purchase. In addition, was mentioned, that "Face Value Program" will be updated. I suspect, that following RM, it will not be easy to unload/deposit them. Hmmm, maybe not a real surprise considering recent NCLT changes in the UK? I'd suspect the longterm success of the "Face Value Program" here was dependant on a low volume being cashed in. |
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Pillar of the Community
Canada
5324 Posts |
My guess is if the RCM is thinking of following the weird UK version they would cancel the 20 for 20 and grandfather the redemption of the already issued coins due to their guarantee, they just don't have a legal leg to stand on. |
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Pillar of the Community
Canada
2845 Posts |
Quote:
......due to their guarantee, they just don't have a legal leg to stand on.
John, where is RCM's redemption guarantee written and who does RCM deem to be legally obligated to redeem XforX? |
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Pillar of the Community
Canada
5324 Posts |
The TV and insert flyers all mentions something like no risk face value guarantee, I don't have ads handy but I'm sure someone else has seen the superman 20 for 20 ad. The RCM's Mr. Reeves has recently on CCN boldly said they have a new protocol for the banks to redeem these coins, if that's not false advertisement I don't know what is. Edited by john100
04/06/2016 7:32 pm
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Pillar of the Community
Canada
2845 Posts |
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Pillar of the Community
Canada
5324 Posts |
At no risk to you, and your money back, can't really be more distinct in most peoples opinion.
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Pillar of the Community
Canada
2845 Posts |
Yeah, it's real clear, you're not satisfied with what you order from RCM, you can return it within 30 days. If it's defective, it can be returned within one year. Nowhere does it say you can cash it in whenever. Edited by wildflowerAB
04/06/2016 8:09 pm
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Moderator
 Canada
10460 Posts |
"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 OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2019 Posts |
Ya might be better off just buying silver rounds, because in the end thats all these X for X might be worth ( silver content value)if the RCM goes the way the RM has. I mean what will these 100 for 100 or 200 for 200 really be worth if you cant get face value for them in the future, if indeed that were to happen here. |
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Pillar of the Community
Canada
6768 Posts |
Quote:
I mean what will these 100 for 100 or 200 for 200 really be worth if you cant get face value for them in the future, if indeed that were to happen here. Yes, this is my thought was. The 20for20 are inexpensive, so people can take a loss, but imo, their design became poor, while $200 coins amazingly designed, but they have no scarcity factor to be bought for 200 and later (in worse case) to be worth silver content. |
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Replies: 83 / Views: 8,473 |
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Posted 04/06/2016 3:20 pm
