2016 Australian Olympic Team Coin Program and partnership with Woolworths

[serial]

Now don't get me wrong as I won't be getting these rolls myself but I think people need to be reminded that sometimes private issue items do become very valuable.
Eg foy and Gibson bags, 1969 50c PNC, swan dollar etc
Problem is that for every winner there is 100 losers

[ausjack]

The plan being for this to be a 'test run', the first of many. And then you're going to mess about flogging one here and one there, and dealing with payments, shipping and support? Why, when you can instead deal with a handful of retailers who will give you far less grief, help promote your products and take less of a cut than it would have cost you to do it yourself?

The real test will be in whatever the NEXT product will be.

I still don't get it unless it's like RG said he's got a deal going with the mint so doesn't want to get busted over a conflict of interest and that's about the only thing that makes sense especially when he sells everywhere else his self and why got some of the worst names in the business floggin ya good unless it's to keep his hands clean..sort of, and blame the dealers. And I think Jeff might be right in that he'll/they'll drop the price when they have a heap left over so there'll be more peeved people that paid full price.
:dodgy: yes a "test run" but like you said, for what :huh:

Yes your right serial that for every winner there's 100 losers but that might be why people come and go so quickly in the hobby as they soon work out it's a total ripoff and the bags and that took a long time before they were worth a lot of money so I hope anyone buying these rolls aren't looking to see them while they're alive as they might be worth something 100 down the track but then you just never know and they might not be worth a cracker
Oh and yes they were private issue but the mint made the coins especially for the people but that's not the case with these $2 coin as they were made for woolies as well as their own sales of these coins and the 69 was meant to be a specimen wasn't it and the goose was a pattern of what they thought a one dollar coin might look like and that's why they're both low mintage. Sorry I'm not really up on these just going of maccas book.

[serial]

Well they will be worth more than a cracker as they will always have their face value. Unless inflation pushes the price of crackers up in 40 years and then the face value has lost its buying power.
As for pointing out the coming and going of people to coin collecting due to high priced items losing value as soon as they are bought, the Royal Australian Mint is the worse offender in this regards and as far as I can see cotton and co are just duplicating RAMs business model without using tax payers dollars to do so.

[ausjack]

Yes I agree the RAM has a lot to answer for that's for sure but then they are the government and ripping us off is to be expected but I don't think you can't put an individual in the same boat unless it's saying how they too are ripping people off.
If you take these coins back to woolies in 40 years I don't think you'll be able to buy a packet of cracker with the way things are going..gee ya lucky to get a packet now

[Fulvio]

Royal Australian Mint is the worse offender

Y'got that right!

I was just on the phone with Ron after seeing some Olympics were delivered today, and during the conversation discovered that the $99 price for Anniversary rolls is RRP set by the mint. Of course he gets the standard dealer discount, but the point is the RAM are doubling the price of the coins for wrapping a bit of paper around them. Precisely what everybody wants to crucify Cotton for! :dodgy:

[ausjack]

Yes but we know what the mint is like and cotton is an individual so maybe he should put his profits into the tax payers purse..oop's did I just say that out aloud
And isn't cotton asking a bit more than the mint is :shock: and no I don't care about his overheads as it's his choice to do what he's doing.
Ok time for me to go find an anzac mule :yahoo:

[Fulvio]

profits into the tax payers purse

Hate to be the one to break it to ya, but we have this shady outfit called the ATO (really dodgy, I mean, they even employed ME!) that looks after exactly that. :angel:

[serial]

So you think it is OK for the government, who controls supply to rip people of but its no OK for an individual to value add a product that you can get elsewhere if you want
Seems like you have a problem with cotton and co no matter what he does but the government (who is meant to act in our best interest!) Gets a free pass

[robbiegal]

Well they will be worth more than a cracker as they will always have their face value. Unless inflation pushes the price of crackers up in 40 years and then the face value has lost its buying power.
As for pointing out the coming and going of people to coin collecting due to high priced items losing value as soon as they are bought, the Royal Australian Mint is the worse offender in this regards and as far as I can see cotton and co are just duplicating RAMs business model without using tax payers dollars to do so.

maybe but the RAM authorised dealers get the products at 33% less than retail and have 30 days to pay as well
so those coins in the packaging may very well have have cost 33% less than what you or I pay
and it also is less than the face value of the coins so in the long run, so I reckon that we do pay either as taxpayers or customers as we prop up that side of the retailing !!
darn it
i aid i'd keep outta this conversation
but it is so interesting !!

[serial]

Well if we are going to get personal maybe you should remember the taxes people like me and cotton pay support pensions, social services and other government funded bennifits that people like you take for granted then whinge about because its not enough.
I only offered a different point of view based on a free market concept and you abuse me for it from your government funded point off view.

Well they will be worth more than a cracker as they will always have their face value. Unless inflation pushes the price of crackers up in 40 years and then the face value has lost its buying power.
As for pointing out the coming and going of people to coin collecting due to high priced items losing value as soon as they are bought, the Royal Australian Mint is the worse offender in this regards and as far as I can see cotton and co are just duplicating RAMs business model without using tax payers dollars to do so.

maybe but the RAM authorised dealers get the products at 33% less than retail and have 30 days to pay as well
so those coins in the packaging may very well have have cost 33% less than what you or I pay
and it also is less than the face value of the coins so in the long run, so I reckon that we do pay either as taxpayers or customers as we prop up that side of the retailing !!
darn it
i aid i'd keep outta this conversation
but it is so interesting !!

That is a reasonable point but you need to consider dealers as wholesale customers who maintain distribution networks and overheads. I also would think I could get the same discount if I committed sufficient capital to their products but I don't have the risk appetite to invest in that business model nor the experience/contacts
I don't however fault people who do commit to the business of coin dealing and who are successful doing so

[Nevol]

Hate to be the one to break it to ya, but we have this shady outfit called the ATO (really dodgy, I mean, they even employed ME!) that looks after exactly that. :angel:

Heheh, they employed me,  twice.  Once before my marriage, and some years later after my marriage.  Back in those dim dark days of the Public Service, if you were a female, once you got married, pftt you're out on your ear.! Now that was really :dodgy:

[Basil]

maybe but the RAM authorised dealers get the products at 33% less than retail and have 30 days to pay as well

I was told it was 20%,the RAM stuff from NZ was Dealer Discount 20%+GST saving of 10% meaning the Coins were nearly a third under the price the average Joe has to pay.If its 33% then manipulations of exchange rates and GST would bring them in around 40%+ under RRP.

[Fulvio]

I was told it was 20%

I was told 22.5% today.

[JeffH]

What is this? An auction?
Maybe different dealers get different discounts. That is quite common in business -and, make no mistake the RAM (and coin dealing) is a decent sized business.

[interest]

:heart: