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 Replies: 14 / Views: 2,104 |
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Pillar of the Community
Canada
3733 Posts |
just look at how many cases this seller has ?  |
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Pillar of the Community
 Canada
3733 Posts |
any one want to do the math? all I can say is wow!!
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Pillar of the Community
Canada
5324 Posts |
Not really all you can lose is break even, more than you can say for about 98% of the rest of the NCLT
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Pillar of the Community
Canada
3733 Posts |
problem is this particular seller, bought these coins, and got to a super high status,, they are now selling RCM coins at less than dealer prices..because if you see what they sell their coins for, minus ebay and paypal fees, then it is a fact they are paying less than RCM, prices..so if that is the case it is an unfair playing field.. especially if there is no name associated with the redemption of the coins.. plus what ever perks they acquired on their credit cards.. |
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CCF Master Historian of USA Commemoratives
 United States
12256 Posts |
While this seems like a large number of boxes, they represent only a very small percentage of the total sales for each of these coins. On their own, they're hardly a game changer or the reason why the $X-for-$x program was discontinued. The seller of these boxes is a dealer (at least part-time) in RCM NCLT and has been selling on ebay for quite some time. It's not too big of a stretch to imagine them buying these coins in large numbers. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
07/26/2017 8:42 pm
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Pillar of the Community
Canada
5324 Posts |
In order for this one buyer to get so many, he or she is probably the super mc buying kilo gold maybe, even if there is 400 coins it's 40000.00 I don't think collectors like this who can tie up so much funds did it for 1 or 2% credit card gains
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Pillar of the Community
Canada
6768 Posts |
Wow...I never had "in hand" such amount of money  From some perspective I do not like this: would prefer the order / control, where for each such deposit, you get the stamp in the passport and record goes everywhere... From other hand, at the bottom line, we can enjoy as a buyers, when the coin is unavailable from RCM, but you still can get it for low from these sellers. Clearly remember first MC Voyageiur SD, listed for CAD 250 . So...depends from which side we will look. **Another thought - maybe to this person outsourced manufacture of the cardboard cases, that's why he / she has plenty of them? |
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Pillar of the Community
Canada
2984 Posts |
The picture is from the well known seller Mario95. He is the seller who has the knack of selling coins people have trouble getting hold of. For example, he sold multiple copies of the renewed silver dollars. I believe he has inside information on getting as many coins he wants.
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Pillar of the Community
Canada
1571 Posts |
Keep in mind, there is no money tied up in this huge stack of boxes. If the coins get taken to the bank or sold as quickly as the are bought, there's minimal cash put out at any given time. Who knows the motive for such a huge number of $x for $x coins but I know I certainly could get as many as I wanted, even with the limits stated on the RCM website. Sellers like this will have a much harder time maintaining MC status in the future. |
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Pillar of the Community
Canada
1027 Posts |
@Redzapsid I agree with what you say about these individuals retaining their high MC status with the purchase of all these FV coins. This was a quick way for them to get travel points on visa cards and other perks; however, I believe the RCM clearly stated that the 1%, 1.5% or 2% redemption code would never apply to face value coins. So, yes the buyer of these FV coins made high MC status and made lots of travel points or redemption dollars from their credit card companies but not from RCM. |
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Pillar of the Community
Canada
5324 Posts |
What people miss is the point that in order for the RCM reps to intervene and allow massive override limits of xforx coins was for the few super clients who purchased massive amounts, they stopped these types of coins due to simple fact of ongoing liabilities and not attracting new customers, for a couple years they were the RCM's constant best sellers. |
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Valued Member
Canada
393 Posts |
One item of concern which may have been brought up elsewhere is that a counterfeiter could have a field day with these.
I've heard somewhere that some of the mint packaging and/or certificates have been counterfeited already.
Silver plated versions of the $100 4 $100 and $200 4 $200 surely exist and are being sold, so all you need is a stock photo and unwanted packaging and voila!, no one would be the wiser.
That said the clam shells which I've found locally usually cost only 50 cents to a few dollars and are great if you've sold off some coins (not the face value ones) in a subscription and don't have a holder for them.
I did exactly that with the Legacy of the Nickel series and Oh Canada $10 series where I kept those I liked best and the presentation box.
Edited by Proof Nut
08/08/2017 4:37 pm
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Pillar of the Community
Canada
1027 Posts |
@Proof Nut Banks will only cash these if you are a client of theirs. You cannot come off the street and just sell these face value coins when no one in the bank knows you. The banks need a trail in case of fraudulent coins. The only people that may be scammed are ebay buyers. |
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Valued Member
Canada
393 Posts |
@New1954
I took three of the $100 coins last year and cashed them in at TD with the boxes which have the COA printed on the bottom.
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Pillar of the Community
Canada
1027 Posts |
@Proof Nut
So I gather you were not a TD client and you just walked in off the street? Way back I too exchanged a few 100/100 FV coins with the boxes and I had no problem and as the staff watched, they purchased some of them and so did a customer in the bank. LOL
I am a TD client.
Edited by New1954
08/08/2017 4:45 pm
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Replies: 14 / Views: 2,104 |
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Posted 07/26/2017 8:18 pm
