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This Should Set Off Alarm Bells: RCM $20 Fine Silver Commemorative Coin (2011) - Page 13
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Thread: This Should Set Off Alarm Bells: RCM $20 Fine Silver Commemorative Coin (2011)

  1. #121
    Join Date
    Apr 2009
    Posts
    5,003

    Default

    Looks like the RCM is having a lot of problems with this one.

    Not sure why.
    Hope they figure it out.

    The next issue is due out in a couple of months/Spring.
    Caedite eos.

  2. #122
    Join Date
    Feb 2012
    Posts
    1

    Default

    They are doing this to make money off the unsuspecting public. They take $20 and give away $7 worth of silver... they can make quite a profit on that.

  3. #123
    Join Date
    Apr 2009
    Posts
    5,003

    Default

    Quote Originally Posted by buddy_boy8403 View Post
    They are doing this to make money off the unsuspecting public. They take $20 and give away $7 worth of silver... they can make quite a profit on that.
    Of course they do.
    It's been guesstimated their profit margin is ~50%.

    And I turn around and sell it for $30 -- profit margin is ~50%.

    What's your point?
    Caedite eos.

  4. #124
    Join Date
    Apr 2009
    Posts
    5,003

    Exclamation Sold Out!

    After crashing and burning their online order system (or whatever went on there), the twenty buck polar bear is sold out!
    Well, from the RCM anyway.

    Lots of other places you can get them for more than $20.


    Hope they get their sh!t together for the next 2 issues and don't wind up doing something stupid (like phone orders only so they can track your Canadian '3 per' status yet at the same time sell 1,000 to some "official" dealer down in Alabama!).
    Caedite eos.

  5. #125
    Join Date
    Nov 2008
    Location
    Silverville
    Posts
    1,234

    Default

    Quote Originally Posted by maplesilverbug View Post
    The next issue is due out in a couple of months/Spring.
    Any word, yet, on when this next issue is due to be out and/or hints about its design? It should be getting close to coming out by now.
    All original wealth comes out of the ground.

  6. #126
    Join Date
    Jun 2011
    Posts
    568

    Default

    Quote Originally Posted by maplesilverbug View Post
    I think I will.

    Trade a $20 bill for a $20 coin PLUS $7.50 worth of silver (current prices) = $27.50 value; +37.5% immediate gain (with ZERO downside!).

    Much better deal than trading ~$31 of paper for a $5 coin (Maple) and $30 worth of silver = $35 value; +12% immediate gain.

    ORDER IN!
    Unless you can extract the silver and still receive $20.00 for whats left of the coin, do you have $27.50 worth of anything.

    Otherwise, you either have a goofy looking $20.00 coin or $7.50 worth of silver.

    You can't have it both ways. It's one or the other.

  7. #127
    Join Date
    Jun 2011
    Posts
    568

    Default

    Quote Originally Posted by maplesilverbug View Post
    I just got in -- $0 for ~$22 of silver.

    Shitty that it's only a '3 per' deal.
    Unless you stole them while waiting in line at the Post Office, you didn't get nothing for free.

    You got $22.00 worth of silver for $60.00. The Royal Canadian Mint just made an easy $38.00 profit.

    Like casinos, there just another tax on the nieve.

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