The 2008 RCM / Royal Canadian Mint 50 Cent Triangle Coin

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Author	Replies: 4 / Views: 2,839
SuperDishMan New Member Canada 2 Posts	Posted 05/13/2008 10:35 am I want to ask your advice. To raise money for cancer research, I have an idea to buy 25 to 30 new triangle milk coins and wait a year and then sell them on ebay as a donation auction and donate profit. I feel that the prices will go up as it is first ever triangle coin made by RCM but on the other hand, I read on some places that people think coin is ugly. Do you think this is a bad idea and how much should I expect to pay if I buy 25 of these from a dealer? I found a dealer who offered to give me a discount and who can sell me a big qty of these. Price at RCM site is $49.95 each. Should I expect to pay 30 something each with the big order? This is a pic and description of the coin: http://www.mint.ca/royalcanadianmin.../default.htm This link will take you to the Canadian Mint you will have to do a search for the Triangle Coin edited by rggoodie Thanks Report this Post to the Staff

rggoodie Moderator United States 23487 Posts	Posted 05/13/2008 5:32 pm And what makes you think the mint willsell you coins at a discounted price Report this Post to the Staff
aweber77 Valued Member United States 126 Posts	Posted 05/13/2008 5:44 pm Also, don't most RCM products go down in value? At least that is the common trend... Report this Post to the Staff
SuperDishMan New Member Canada 2 Posts	Posted 05/13/2008 7:20 pm I will not be buying coins from the RCM directly as I am not an authorized RCM dealer. I will have to buy them from an authorized RCM dealer. He buys them from the RCM and sells them to me. I know that it is a risk I am taking that value will go down with time but I have a feeling that this coin will at least not go down in value and hopefully go up. I am mainly interested in knowing how much would be a fair price to pay for each coin, if I buy 20 or more in one shot from a dealer. For example, if I ask for $38 each coin, will that be realistic or not. Does anyone have any estimates of how much less dealers pay when they purchase products from the RCM? Thanks Report this Post to the Staff
coincoin New Member Canada 13 Posts	Posted 05/18/2008 9:41 pm From what I understand dealer markup is around 18-20 percent. Investment wise RCM products are hit and miss. I was at Desjardins Credit Union to pick up those Quebec twoonies I also saw they were offering a Natural Resource Guaranteed Investment. It has a 5 year term and the capital is guaranteed and it goes up according to the value of Crude oil, Natural Gas, Aluminium, Copper, Zinc, Nickel, Agriculture and Gold. Report this Post to the Staff
	Replies: 4 / Views: 2,839

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The 2008 RCM 50 Cent Triangle Coin