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 Replies: 14 / Views: 2,856 |
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Pillar of the Community
Australia
7096 Posts |
Poll Question
RAM in conjunction with Australia Post have produced another 9,000 sets of the limited mintage HM Birthday 3 coin set coins.
Collectors were told that the ONLY way to get these coins was to pre order them prior to a cut off date and that the amount ordered would be the mintage figure for these coins.
They subsequently announced that the Mintage for these was 9108.
At $25 each for a 3 coin carded set collectors paid a "Premium" to ensure that they could acquire these coins.
RAM has now minted another 9,000 each of these coins in total disregard for the previous promise of a limited mintage.
Do you find RAM's actions ethical or unethical in this matter?
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Pillar of the Community
Australia
852 Posts |
What did the ad say for the original release (including any fine print or disclaimers)? Might it be possible to report them for false or misleading advertising (if they are a corporation they would be bound by section 52 of the Trade Practices Act of 1974). TPCA 1974 No. 51 1974-Sect 52.
Probably the extra coins will depress the worth of your coins so perhaps you could demand a refund
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Pillar of the Community
 Australia
7096 Posts |
I cannot remember the "Exact" wording of the offer But I do remember it saying that the only way these coins would be available is by ordering through the pre order before the cut off date. Shortly after the cut off date RAM announced the mintage was 9108, It did take an unusually long time for me and many others to receive their coins from RAM. False advertising? , I would say so. Others may look on what has occurred as fraudulent as well. What I do know for a FACT is the we collectors have been "Deceived" by RAM with this pre order offer also the numismatic value of the 3 coin HM Birthday set has been diminished by this subsequent mintage of the same coins and that RAM's actions have been unethical and in very Poor Form  |
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Pillar of the Community
Australia
7096 Posts |
OK I have found the wording for this offer,it can be found here; http://www.downies.com/royal-austra...uctview.aspxQuote:
Description:
The 2016 20c & 50c 90th Birthday Cu-Ni FrUnc Trio is a 'made-to-order' product of the Royal Australian Mint. The mintage of the 2016 20c & 50c 90th Birthday Cu-Ni FrUnc Trio will be closed by the Mint on June 13 2016, and the Mint will only begin dispatch of this product from August 1 2016. |
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Pillar of the Community
Australia
762 Posts |
It's an interesting moral dilemma.
In a court of law RAM probably haven't done anything wrong.
However the wording they have used is extremely misleading and seems to rely on using the word "mintage" in a way that is different to how most collectors use the word.
In the end it is all about marketing and the marketing department at the RAM clearly have the interests of their profit first and the interests of collectors as a distant second.
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Valued Member
Australia
248 Posts |
It reminds me of the Olympic/Paralympic coins, where the mint tried to argue that "unlimited mintage" didn't really mean that the mintage is unlimited. Personally, I don't take anything the mint says at face value anymore, because their terminology is just so counterintuitive.
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Pillar of the Community
Australia
7096 Posts |
Quote:
because their terminology is just so counterintuitive. What a nice way of saying that RAM tends to BS too much  |
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Pillar of the Community
Australia
1040 Posts |
My watershed moment came when ebay started in Oz. in 1999(2000?),faithfully buying Mint sets and other bits & pieces for 20+ years and enjoying unpacking them from storeage boxes every so often.Then reality,selling on ebay for less than I originally paid and on ebay USA for about half what the purchase price was,only buy the occasional RAM item now. |
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Pillar of the Community
Australia
7096 Posts |
Here is an update about these 3 coin sets. A RAM representative has stated categorically . Quote:
only 9,108 of each coin in the three coin set, and also included in the PNC's were minted.
He also finds it confusing as to why the AP put a figure of 9,000 on their PNC's." And Australia Post states; Quote:
Dated 2016, the three coins carry the Arnold Machin (1966-84), Raphael Maklouf (1985-98) and current Ian Rank-Broadley (1999-) portraits respectively, thus illustrating the Queen's development from youthful monarch to the matriarch of Great Britain. Strictly limited to an edition of 9,000. As RAM supplied the coins for the PNC's there shouldn't be any "Confusion" about how many PNC's there actually are and how many of the carded sets were actually produced But all that is forthcoming from RAM at the moment is Deny , Deny, Deny. Edited by trout1105
10/10/2016 07:54 am
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Valued Member
Australia
369 Posts |
Look on the bright side. Maybe there will be a slight difference in the issues, making the first issue more desirable.  |
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Pillar of the Community
Australia
7096 Posts |
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Pillar of the Community
Australia
541 Posts |
It's not only unethical, it's illegal. If everything you say is correct you're legally entitled to return your purchase for a refund.
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Pillar of the Community
Australia
7096 Posts |
I like the coins but I am miffed that after pre ordering them and waiting 4 months for the coins to show up and all of a sudden the same coins are available elsewhere.
It Sucks
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Valued Member
Australia
112 Posts |
Quote:
It reminds me of the Olympic/Paralympic coins, where the mint tried to argue that "unlimited mintage" didn't really mean that the mintage is unlimited. I read this and laughed when they put it out, however I've read on the mint website somewhere but cant find for a Temporarily unavailable item that was an unlimited coin, don't have any more but we're punching some more out.... which contradicted what they said previously. |
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Pillar of the Community
Australia
2180 Posts |
It seems a bit dodgy and isn't really a good look, but I don't think most will notice the irregularity.
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Replies: 14 / Views: 2,856 |
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Posted 10/08/2016 6:43 pm
