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 Replies: 9 / Views: 1,342 |
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Pillar of the Community
Australia
1985 Posts |
I was in an Australian Post branch today when I spied a few of the 2023 uncirculated mint sets in their display case. Since I still haven't been able to get my hands on one for less than issue price I thought maybe I'd get one at the issue price of $33. The price tag said $39.  Needless to say I passed on it. Shouldn't Australia Post be selling licenced RAM and Perth Mint products at issue price, not marking them up? |
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Pillar of the Community
Australia
1039 Posts |
Quote:Shouldn't Australia Post be selling licenced RAM and Perth Mint products at issue price, not marking them up? They usually do from my experience,someone has made a mistake I would guess. |
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Pillar of the Community
Australia
1364 Posts |
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Moderator
 Australia
16804 Posts |
Postal agents are not allowed to sell stamps for less than face value. I think that's the only legal restriction on their trade. The RAM and AusPost might have signed some MOU that AusPost wouldn;t sell them for less than RRP, but there's no law or regulation saying they can't sell them for more. Postal agents are effectively acting as coin dealers here.
Technically, they are already "selling them above issue price", since "issue price" is face value. If the Mint shop can sell a set of coins "worth" $3.85 for $33, I don't see why a post office shouldn't be allowed to sell the exact same set for $39.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
1610 Posts |
Those bags of $2 coloured coins look very similar to the bags offered for exchange by RAM at the recent Brisbane ANDA show.  |
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Pillar of the Community
Australia
625 Posts |
Quote: Shouldn't Australia Post be selling licenced RAM and Perth Mint products at issue price, not marking them up?  Definitely agree with you. The manager should be reported and sacked. Quote:
Technically, they are already "selling them above issue price", since "issue price" is face value. If the Mint shop can sell a set of coins "worth" $3.85 for $33, I don't see why a post office shouldn't be allowed to sell the exact same set for $39. Have to strongly disagree with you sap. Something not right going on in that GPO.  |
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Valued Member
Australia
382 Posts |
Australia Post try to sell a lot of stuff at 'inflated' prices, not just coins. Not sure why anyone would bother buying non-postal items there when equivalent items are cheaper elsewhere. Even the 2024 $1 20 coin AFL set that was supposed to be something special from Australia Post is selling regularly on ebay for less than the original advertised price of $45. Not my preferred retailer when it comes to coins anyway so good luck to them. |
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Pillar of the Community
Australia
552 Posts |
Most Australia Post outlets are franchised to an individual business who, as a business, will of course try to maximise their profits - is it any difference from what most coin dealers do even though they buy the coins at wholesale price?
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Valued Member
Australia
382 Posts |
A set of the 2024 AFL coins sold on ebay this evening (Imperial) for $32. Significantly lower than Australia Post's $45. It looks like those sets are selling for less on ebay than Australia Post want. I wonder if Australia Post will have a 'fire sale' and dump their stock? I wonder where Imperial are getting theirs from? A bit like the colored $2 NRL coins that were initially advertised as exclusive to Annaconda but now regularly selling on ebay every day. Why bother going to Australia Post (or Annaconda) for those coins when ebay is cheaper (and easier)? |
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Valued Member
Australia
100 Posts |
Australia Post try to sell a lot of stuff at 'inflated' prices
Yes, packing tape is quite expensive at Australia Post outlets.
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Replies: 9 / Views: 1,342 |
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Posted 05/27/2024 04:03 am
