<< <i>the 1970's were a totally different time in that i would have trusted the U.S. gov't compared to any other gov't entity/agent/dealer/ country... >>
On December 31, 1970, legislation was signed which authorized the sale of the silver dollars through the General Services Administration. A series of five mail bid sales were held between October 31, 1972 and June 30, 1974.
In light of his loss of political support and the near-certainty of impeachment, Nixon resigned the office of the presidency on August 9, 1974, after addressing the nation on television the previous evening.
Ahhh, yes- the 70's, when the government could be trusted...
<< <i>the people could be trusted more than today, was what I was trying to say imho. It is a different time now, the now generation, less self sacrifice and more self reliance and independence. >>
??? "The people" aren't the ones who were/are selling the coins- the government was/is.
Drinkers sue over 'watered-down' Bud US beer lovers are suing Anheuser-Busch for allegedly watering down its Budweiser, Michelob and other popular American beer brands
time for a station break while we reflect on the really important things in life
<< <i>All I am saying is: photo of coin that you won't be receiving! sight unseen purchase! no returns allowed! a dealer's opinion is given as to their general unc condition but not a tpg's opinion!
This could have applied to the 1970's GSA sales as well. How did those turn out for everyone? And you didn't even get a generic photo.
I agree with TomB on this one. Nice, unmessed with early gold at modest premiums to bullion. You pay a stiffer premium for common date MS63 and MS64 Morgan dollars. Same comment for many MS61-63 generic US gold coins 1900-1932. I don't see anyone out there waving the red flag to protect collectors from these "over-hyped traps."
Interesting that as the gold price tumbled since October, many buyers have became more "altruistic" and stepped aside in order to allow those less fortunate to acquire some. >>
Actually I cancelled for more reasons than the price of gold tumbling, there is absolutely no excuse to wait 2 months and check your order status every week only to see a status of processing, I have other uses for the funds one of which is using the money to purchase more silver as I view it as a better long term return on equity than gold.
To me it's better than modern bullion but I wouldn't pay a big premium. I expect over time they aren't going to do a lot, still a nice chunk of gold.
I'm laughing at the thread, when we look back at the 70s it seems like the good old days but in the 70s it seemed nobody trusted the gov and society was going to pot. LOL.... do you think that 43 years from now people won't be saying 2013 was the good old days compared to whatever is going on then?
<< <i>I'm laughing at the thread, when we look back at the 70s it seems like the good old days but in the 70s it seemed nobody trusted the gov and society was going to pot. LOL.... do you think that 43 years from now people won't be saying 2013 was the good old days compared to whatever is going on then? >>
It's always this way, almost no one realizes that they're living in "the good old days" until they're long past, and in "the bad new days" (which will later, in turn, become good old days in retrospect)
Getting this thread back on track, I called the Canadian mint yesterday and expanded my solo $10 order to include two $5 coins. They're listed as sold out on the website; however, a number of people seem to have cancelled their orders. I had to wait 30+ minutes to talk to someone and she had to get permission from a supervisor, so I think it depends who you talk to. She was super-nice and actually told me that in her opinion, the premium hand selected weren't worth the extra premium. (I agree).
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
<< <i>I also think that the design of the Canadian products were incredibly boring and simplistic. >>
Yes, everybody knows. You've said as much a number of times. Here's the deal- nobody is asking you to like them. Why don't you just let the people who do like them be? How would you like it if people who aren't interested in the coins you collect responded in the same way to your comments about your latest purchase as you are here?
To each his own. I think the designs are uber-cool.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
<< <i>I also think that the design of the Canadian products were incredibly boring and simplistic. >>
Yes, everybody knows. You've said as much a number of times. Here's the deal- nobody is asking you to like them. Why don't you just let the people who do like them be? How would you like it if people who aren't interested in the coins you collect responded in the same way to your comments about your latest purchase as you are here? >>
I have to agree with this. If I were not interested in something, I would not be so obsessed with continuing to declare my lack of interest.
Just added a 1914 $5 to my order via phone, website said sold out. Relatively painless. At least for the 1914 $5 the premium hand select is sold out. All 1912 $5s' sold out for real. Supposed to ship in "two to three weeks"
After this long and tortuous process, I am ending up with a 1914 $10 premium, and a 1914 $5 regular.
I'd love to get these ASAP; however, they're not charging the credit card yet, so the delay is not a big deal.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
<< <i>I would have said ziltch about this product if it were posted in the proper place. >>
So- because the thread (in your opinion) is in the wrong location, you are going to do your level best to keep it at the top of the first page by repeatedly posting to it? Good job- well done!
<< <i>I also think that the design of the Canadian products were incredibly boring and simplistic. >>
Yes, everybody knows. You've said as much a number of times. Here's the deal- nobody is asking you to like them. Why don't you just let the people who do like them be? How would you like it if people who aren't interested in the coins you collect responded in the same way to your comments about your latest purchase as you are here? >>
I would have said ziltch about this product if it were posted in the proper place. I would have said ziltch about it if it were not constantly hyped. I would have said ziltch if I was not constantly lamblasted for presenting my balanced opinion. So because of all of the above I have deicided to be the sole pain in the arse in this thread, and that's that >>
I think somebody is trying to convince himself he did the right thing in cancelling his order. As if by disparaging these coins enough times will convince himself he was right.
Realone, I assume you buy bullion from time to time. Just buy a couple of these for bullion and be done with it. You know you want to.
<< <i>as anyone else's and everyone keeps repeating how freakin unbelievable these darkside boring unappreciating nonrare gold coins are and I want to make doubly sure that the other side gets presented to help out this thread being fair and balanced and not onesided. >>
So- using your logic, when you start a thread on coins you like to collect, it would be reasonable for others to post negative comments about those coins, so as to keep the thread balanced and not onesided? Who cares if a thread is onesided, anyway? Is there a forum rule against that, or what?
<< <i>I would have said ziltch if I was not constantly lamblasted for presenting my balanced opinion. >>
Don't know how I missed this comment, but it's sure funny. *Your* opinion is balanced, but other opinions are not?
Why? Is there really a good reason to think that posting negative opinions (you know... "incredibly boring and simplistic" and "boring unappreciating nonrare gold coins" - that sort of thing) about the coins that others like to collect is helping anyone?
it probably should have been originally posted to World coins forum but its too late for that now unless the moderator can make the switcheroo
by now most folks have realized its not too late to order sold out cancelled items
i myself ordered three sets of $5 1912-14 HS not that long ago and since then many report being able to acquire them
part of the delay is because the RCM uses the regular mail to invoice each order and if u pay by certified cheque this process compounds easily into a 30 day wait for receiving and clearing cheque so much for the digital world
how long did it take before you recvd your GSA hoard coins!? Ill betcha it was just as bad if not worse
but im not an apologist for the RCM...this is the only time ive ever ordered from them
but im not an apologist for the RCM...this is the only time ive ever ordered from them
I have ordered from the RCM once before, a flipping deal.
IMO, they have totally botched this, and there are probably many US coin collectors who have ordered these that would not consider ordering from them again. This has been the opposite of the acclaimed "Well-managed promotion" in just about every which way imaginable.
I did receive my two $10's and am satisfied with the purchase and am equally glad that I cancelled the other four.
<< <i>I would have said ziltch about this product if it were posted in the proper place. >>
So- because the thread (in your opinion) is in the wrong location, you are going to do your level best to keep it at the top of the first page by repeatedly posting to it? Good job- well done! >>
Is it in your opinion that it is posted in the right place? Do you have an obsession with some of the posters that you like to always reply to them in a bitter way when you see them post?
I don't think the thread was put in the right spot, but as I said earlier, I am ok with that as it was nice to let some folks know that may not have been knowing about these. However, I am not going to try to beat on someone for posting that it was in the wrong spot just to beat on them.
Again, do you think it was in the right spot? Isn't this forum for US coins? Technically, is Canada really part of the US or just a close neighbor?
I must agree that the sales and distribution for these coins has been mind numbing in its awfulness. However, it is strangely reminiscent to recent US Mint snafus. These would include shipping out the 2009 UHR coins without the books that they were sold with only to have to ship the books later on; to having large orders of gold and silver bullion shipped out to home addresses without the need for signature upon delivery; the lack of mintage data for various First Spouse coins up to a year after they had gone off sale; the recurrent stampede of orders and guesstimates as to when product will "go dark"; and the refusal to take orders based upon changing spot prices when the ability to change the sales price should be trivial. Unfortunately, it seems the RCM does not have a monopoly on poor service strategy.
<< <i>Again, do you think it was in the right spot? >>
Apparently, the OP thought so. Personally, I can think of two other forums aside from this one where it might be considered relevant.
<< <i>Isn't this forum for US coins? >>
Sure it is. Plenty of threads get started here that are not about US coins, but have a tie-in to them. Doesn't matter to me one way or the other if someone starts a thread here that isn't specifically about US coins. Does it bother you?
<< <i>Technically, is Canada really part of the US or just a close neighbor? >>
<< Technically, is Canada really part of the US or just a close neighbor? >>
why dont you cross the border and find out for yourself?
technically we are a part of the UK commonwealth of Nations
thats why we have the current Queen Elizabeth 2 and previous Kings on our coins like the ones in question which are minted under the reign of George 5th
that being said we are economically controlled by the USA although many Canadians are loathe to admit it
I personally collect USA vintage coins especially Indian Head Cents of which i have many Key dates such as a PCGS EF 1877 and that is just the start.....and I like gem Morgans as well..I dont collect current RCM bling however although i like Canada silver ounze bullion and trade in it on eBay..I think most Canada coin collectors have USA coins and treasure them. We like to shop in America..esp when our buck is higher...and of course most of our media is USA based
I love how these Canadian $5 and $10s are the same size, weight, and denomination as U.S. coins from the same time period. It shows that even 100 years ago our countries had close economic ties.
The U.S. has 10x the population of Canada so obviously the U.S. economy is larger. However, it's a notable fact that the U.S. and Canada are each other's biggest trading partners (bigger even than China-US or Japan-US trade relationship). There are deep economic ties between our two countries; the world's longest undefended border; think also of the big US auto plants in Ontario, the oil and gas industries, military cooperation, etc. There's a pretty neat article about it here: Link.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
So the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest! That explains why the lesser quantity coins sold out so fast...the dealers took the scarcer ones!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Well, according to the YouTube count I was now the 9th viewer. Sadly reveals again....all markets are rigged to one degree or another. Dealers took half before they were released to the public.....think they took the poorer quality ones?
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
Wasn't something like this already hinted at? Where a dealer was involved in the process before the actual citizen buyers (US/Canadian/whatever, but actual "retail" buyers)? Hearing that was part of the reason I canceled mine and with this updated news, I am still glad I did.
Yes - all the niceness of having an unmolested 100 year old gold coin, just now seeing the light of day, for a small premium over melt...etc etc etc. Still not the same.
Kind of like going to an all you can eat pizza buffet and being put in line behind a HUGE HUNGRY guy, having him maybe pay a little less than you, and he gets to go through all the pizzas in the buffet line first. Picking out the nice pieces, moving the others around, taking what he wants, and leaving you, the meat eater, with only the veggie ones left.
So the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest! That explains why the lesser quantity coins sold out so fast...the dealers took the scarcer ones! >>
That is a shame and unfair but the way it is these days when money speaks the loudest >>
Perhaps we didn't see the same video, but I didn't hear anyone say that the dealers got to pick out the coins they wanted. It seemed to me that the RCM kept half to sell on their own and sold the other half to authorized dealers to distribute. That seems to me that they likely all had the same quality.
Also interesting in the vid was that early on, an attempt to get PCGS to Canada for grading the coins was proposed, but the RCM nixed that idea. If the coins were sold graded, I might have bought some.
<< <i>Perhaps we didn't see the same video, but I didn't hear anyone say that the dealers got to pick out the coins they wanted. It seemed to me that the RCM kept half to sell on their own and sold the other half to authorized dealers to distribute. That seems to me that they likely all had the same quality. >>
The downside to this interpretation is that it doesn't allow one to complain about dealers quite so much, does it? And where's the fun in that?
<< <i>Wasn't something like this already hinted at? Where a dealer was involved in the process before the actual citizen buyers (US/Canadian/whatever, but actual "retail" buyers)? Hearing that was part of the reason I canceled mine and with this updated news, I am still glad I did.
Yes - all the niceness of having an unmolested 100 year old gold coin, just now seeing the light of day, for a small premium over melt...etc etc etc. Still not the same.
Kind of like going to an all you can eat pizza buffet and being put in line behind a HUGE HUNGRY guy, having him maybe pay a little less than you, and he gets to go through all the pizzas in the buffet line first. Picking out the nice pieces, moving the others around, taking what he wants, and leaving you, the meat eater, with only the veggie ones left. >>
I'm gonna slip that analogy into every conversation I can for the next couple days.
So the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest! That explains why the lesser quantity coins sold out so fast...the dealers took the scarcer ones! >>
That is a shame and unfair but the way it is these days when money speaks the loudest >>
Perhaps we didn't see the same video, but I didn't hear anyone say that the dealers got to pick out the coins they wanted. It seemed to me that the RCM kept half to sell on their own and sold the other half to authorized dealers to distribute. That seems to me that they likely all had the same quality. >>
We just don't know, do we? The RCM hasn't said a single blessed word on the subject.
To my cynical mind that sounds as though they have nothing to brag about. The only thing we have heard about the dealer involvement was this video and an earlier announcement by Don Willis in this thread that mentioned it.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
A "we don't know" scenario is a lot different than a "the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest" statement, where the latter can be taken to be especially damaging or given more weight than pure speculation than it is when it comes from such a respected and authoritative source.
Perhaps Mr. Willis or Mr. Campbell will enlighten us as to how and when the division of coins between RCM sales and dealer sales was made.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>A "we don't know" scenario is a lot different than a "the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest" statement, where the latter can be taken to be especially damaging or given more weight than pure speculation than it is when it comes from such a respected and authoritative source. >>
I agree with TomB. There's no basis for jumping to conclusions and assuming something nefarious. With one notable exception, many of the folks making these comments are usually not prone to gossip and speculation.
In the video Mr. Campbell alludes to the fact that he was not involved in the final sorting of these coins.
Comments
<< <i>the 1970's were a totally different time in that i would have trusted the U.S. gov't compared to any other gov't entity/agent/dealer/ country... >>
On December 31, 1970, legislation was signed which authorized the sale of the silver dollars through the General Services Administration. A series of five mail bid sales were held between October 31, 1972 and June 30, 1974.
In light of his loss of political support and the near-certainty of impeachment, Nixon resigned the office of the presidency on August 9, 1974, after addressing the nation on television the previous evening.
Ahhh, yes- the 70's, when the government could be trusted...
<< <i>the people could be trusted more than today, was what I was trying to say imho. It is a different time now, the now generation, less self sacrifice and more self reliance and independence. >>
??? "The people" aren't the ones who were/are selling the coins- the government was/is.
US beer lovers are suing Anheuser-Busch for allegedly watering down its Budweiser, Michelob and other popular American beer brands
time for a station break while we reflect on the really important things in life
lol and hold the gold
<< <i>All I am saying is:
photo of coin that you won't be receiving!
sight unseen purchase!
no returns allowed!
a dealer's opinion is given as to their general unc condition but not a tpg's opinion!
This could have applied to the 1970's GSA sales as well. How did those turn out for everyone? And you didn't even get a generic photo.
I agree with TomB on this one. Nice, unmessed with early gold at modest premiums to bullion. You pay a stiffer premium for common date MS63 and MS64 Morgan dollars.
Same comment for many MS61-63 generic US gold coins 1900-1932. I don't see anyone out there waving the red flag to protect collectors from these "over-hyped traps."
Interesting that as the gold price tumbled since October, many buyers have became more "altruistic" and stepped aside in order to allow those less fortunate to acquire some. >>
Actually I cancelled for more reasons than the price of gold tumbling, there is absolutely no excuse to wait 2 months and check your order status every week only to see a status of processing, I have other uses for the funds one of which is using the money to purchase more silver as I view it as a better long term return on equity than gold.
I expect over time they aren't going to do a lot, still a nice chunk of gold.
I'm laughing at the thread, when we look back at the 70s it seems like the good old days but in the 70s it seemed nobody trusted the gov and society was going to pot.
LOL.... do you think that 43 years from now people won't be saying 2013 was the good old days compared to whatever is going on then?
<< <i>I'm laughing at the thread, when we look back at the 70s it seems like the good old days but in the 70s it seemed nobody trusted the gov and society was going to pot.
LOL.... do you think that 43 years from now people won't be saying 2013 was the good old days compared to whatever is going on then? >>
It's always this way, almost no one realizes that they're living in "the good old days" until they're long past, and in "the bad new days" (which will later, in turn, become good old days in retrospect)
Liberty: Parent of Science & Industry
<< <i>These are basically slightly better than bullion, that is it!. >>
You've got to be kidding!!!!
How about all the cars coming out of Detroit in that decade?
How many of them are still on the road?
Edited to add...
I still think this coin is a cool design!!!
Trying to keeo this thread somewhat 'on the rails'
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
<< <i>I also think that the design of the Canadian products were incredibly boring and simplistic. >>
Yes, everybody knows. You've said as much a number of times. Here's the deal- nobody is asking you to like them. Why don't you just let the people who do like them be? How would you like it if people who aren't interested in the coins you collect responded in the same way to your comments about your latest purchase as you are here?
<< <i>
<< <i>I also think that the design of the Canadian products were incredibly boring and simplistic. >>
Yes, everybody knows. You've said as much a number of times. Here's the deal- nobody is asking you to like them. Why don't you just let the people who do like them be? How would you like it if people who aren't interested in the coins you collect responded in the same way to your comments about your latest purchase as you are here? >>
I have to agree with this. If I were not interested in something, I would not be so obsessed with continuing to declare my lack of interest.
After this long and tortuous process, I am ending up with a 1914 $10 premium, and a 1914 $5 regular.
<< <i>I would have said ziltch about this product if it were posted in the proper place. >>
So- because the thread (in your opinion) is in the wrong location, you are going to do your level best to keep it at the top of the first page by repeatedly posting to it? Good job- well done!
<< <i>
<< <i>
<< <i>I also think that the design of the Canadian products were incredibly boring and simplistic. >>
Yes, everybody knows. You've said as much a number of times. Here's the deal- nobody is asking you to like them. Why don't you just let the people who do like them be? How would you like it if people who aren't interested in the coins you collect responded in the same way to your comments about your latest purchase as you are here? >>
I would have said ziltch about this product if it were posted in the proper place. I would have said ziltch about it if it were not constantly hyped. I would have said ziltch if I was not constantly lamblasted for presenting my balanced opinion. So because of all of the above I have deicided to be the sole pain in the arse in this thread, and that's that
I think somebody is trying to convince himself he did the right thing in cancelling his order. As if by disparaging these coins enough times will convince himself he was right.
Realone, I assume you buy bullion from time to time. Just buy a couple of these for bullion and be done with it. You know you want to.
<< <i>as anyone else's and everyone keeps repeating how freakin unbelievable these darkside boring unappreciating nonrare gold coins are and I want to make doubly sure that the other side gets presented to help out this thread being fair and balanced and not onesided. >>
So- using your logic, when you start a thread on coins you like to collect, it would be reasonable for others to post negative comments about those coins, so as to keep the thread balanced and not onesided? Who cares if a thread is onesided, anyway? Is there a forum rule against that, or what?
<< <i>I would have said ziltch if I was not constantly lamblasted for presenting my balanced opinion. >>
Don't know how I missed this comment, but it's sure funny. *Your* opinion is balanced, but other opinions are not?
<< <i>Both sides should alswys be presented. >>
Why? Is there really a good reason to think that posting negative opinions (you know... "incredibly boring and simplistic" and "boring unappreciating nonrare gold coins" - that sort of thing) about the coins that others like to collect is helping anyone?
it probably should have been originally posted to World coins forum but its too late for that now unless the moderator can make the switcheroo
by now most folks have realized its not too late to order sold out cancelled items
i myself ordered three sets of $5 1912-14 HS not that long ago and since then many report being able to acquire them
part of the delay is because the RCM uses the regular mail to invoice each order and if u pay by certified cheque this process compounds easily into a 30 day wait for receiving and clearing cheque
so much for the digital world
how long did it take before you recvd your GSA hoard coins!? Ill betcha it was just as bad if not worse
but im not an apologist for the RCM...this is the only time ive ever ordered from them
I have ordered from the RCM once before, a flipping deal.
IMO, they have totally botched this, and there are probably many US coin collectors who have ordered these that would not consider ordering from them again. This has been the opposite of the acclaimed "Well-managed promotion" in just about every which way imaginable.
I did receive my two $10's and am satisfied with the purchase and am equally glad that I cancelled the other four.
<< <i>
<< <i>I would have said ziltch about this product if it were posted in the proper place. >>
So- because the thread (in your opinion) is in the wrong location, you are going to do your level best to keep it at the top of the first page by repeatedly posting to it? Good job- well done!
Is it in your opinion that it is posted in the right place? Do you have an obsession with some of the posters that you like to always reply to them in a bitter way when you see them post?
I don't think the thread was put in the right spot, but as I said earlier, I am ok with that as it was nice to let some folks know that may not have been knowing about these. However, I am not going to try to beat on someone for posting that it was in the wrong spot just to beat on them.
Again, do you think it was in the right spot? Isn't this forum for US coins? Technically, is Canada really part of the US or just a close neighbor?
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
In honor of the memory of Cpl. Michael E. Thompson
The guy is the warehouse will also figure this out some year.
<< <i>Again, do you think it was in the right spot? >>
Apparently, the OP thought so. Personally, I can think of two other forums aside from this one where it might be considered relevant.
<< <i>Isn't this forum for US coins? >>
Sure it is. Plenty of threads get started here that are not about US coins, but have a tie-in to them. Doesn't matter to me one way or the other if someone starts a thread here that isn't specifically about US coins. Does it bother you?
<< <i>Technically, is Canada really part of the US or just a close neighbor? >>
Let me google that for you.
why dont you cross the border and find out for yourself?
technically we are a part of the UK commonwealth of Nations
thats why we have the current Queen Elizabeth 2 and previous Kings on our coins like the ones in question which are minted under the reign of George 5th
that being said we are economically controlled by the USA although many Canadians are loathe to admit it
I personally collect USA vintage coins especially Indian Head Cents of which i have many Key dates such as a PCGS EF 1877 and that is just the start.....and I like gem Morgans as well..I dont collect current RCM bling however although i like Canada silver ounze bullion and trade in it on eBay..I think most Canada coin collectors have USA coins and treasure them. We like to shop in America..esp when our buck is higher...and of course most of our media is USA based
when America suffers so do we
The U.S. has 10x the population of Canada so obviously the U.S. economy is larger. However, it's a notable fact that the U.S. and Canada are each other's biggest trading partners (bigger even than China-US or Japan-US trade relationship). There are deep economic ties between our two countries; the world's longest undefended border; think also of the big US auto plants in Ontario, the oil and gas industries, military cooperation, etc. There's a pretty neat article about it here: Link.
http://www.youtube.com/watch?v=KNCmKLTwkWw
Radiant Collection: Numismatics and Exonumia of the Atomic Age.
https://www.pcgs.com/setregistry/showcase/3232
<< <i>Here's a video shot at the Members Only show with Don Willis and Sandy Campbell discussing the Canadian Gold Reserve.
http://www.youtube.com/watch?v=KNCmKLTwkWw >>
So the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest! That explains why the lesser quantity coins sold out so fast...the dealers took the scarcer ones!
year old coin at a small premium over the metal.
The premium hand picked sets may be more problematic for the buyers at $12000.
The statistical term is "adverse selection."
Sadly reveals again....all markets are rigged to one degree or another.
Dealers took half before they were released to the public.....think they took the poorer quality ones?
Hearing that was part of the reason I canceled mine and with this updated news, I am still glad I did.
Yes - all the niceness of having an unmolested 100 year old gold coin, just now seeing the light of day, for a small premium over melt...etc etc etc.
Still not the same.
Kind of like going to an all you can eat pizza buffet and being put in line behind a HUGE HUNGRY guy, having him maybe pay a little less than you, and he gets to go through all the pizzas in the buffet line first.
Picking out the nice pieces, moving the others around, taking what he wants, and leaving you, the meat eater, with only the veggie ones left.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>
<< <i>Here's a video shot at the Members Only show with Don Willis and Sandy Campbell discussing the Canadian Gold Reserve.
http://www.youtube.com/watch?v=KNCmKLTwkWw >>
So the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest! That explains why the lesser quantity coins sold out so fast...the dealers took the scarcer ones! >>
That is a shame and unfair but the way it is these days when money speaks the loudest
Perhaps we didn't see the same video, but I didn't hear anyone say that the dealers got to pick out the coins they wanted. It seemed to me that the RCM kept half to sell on their own and sold the other half to authorized dealers to distribute. That seems to me that they likely all had the same quality.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>Perhaps we didn't see the same video, but I didn't hear anyone say that the dealers got to pick out the coins they wanted. It seemed to me that the RCM kept half to sell on their own and sold the other half to authorized dealers to distribute. That seems to me that they likely all had the same quality. >>
The downside to this interpretation is that it doesn't allow one to complain about dealers quite so much, does it? And where's the fun in that?
<< <i>Wasn't something like this already hinted at? Where a dealer was involved in the process before the actual citizen buyers (US/Canadian/whatever, but actual "retail" buyers)?
Hearing that was part of the reason I canceled mine and with this updated news, I am still glad I did.
Yes - all the niceness of having an unmolested 100 year old gold coin, just now seeing the light of day, for a small premium over melt...etc etc etc.
Still not the same.
Kind of like going to an all you can eat pizza buffet and being put in line behind a HUGE HUNGRY guy, having him maybe pay a little less than you, and he gets to go through all the pizzas in the buffet line first.
Picking out the nice pieces, moving the others around, taking what he wants, and leaving you, the meat eater, with only the veggie ones left. >>
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<< <i>
<< <i>
<< <i>Here's a video shot at the Members Only show with Don Willis and Sandy Campbell discussing the Canadian Gold Reserve.
http://www.youtube.com/watch?v=KNCmKLTwkWw >>
So the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest! That explains why the lesser quantity coins sold out so fast...the dealers took the scarcer ones! >>
That is a shame and unfair but the way it is these days when money speaks the loudest
Perhaps we didn't see the same video, but I didn't hear anyone say that the dealers got to pick out the coins they wanted. It seemed to me that the RCM kept half to sell on their own and sold the other half to authorized dealers to distribute. That seems to me that they likely all had the same quality. >>
We just don't know, do we? The RCM hasn't said a single blessed word on the subject.
To my cynical mind that sounds as though they have nothing to brag about. The only thing we have heard about the dealer involvement was this video and an earlier announcement by Don Willis in this thread that mentioned it.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>Here's a video shot at the Members Only show with Don Willis and Sandy Campbell discussing the Canadian Gold Reserve.
http://www.youtube.com/watch?v=KNCmKLTwkWw >>
Perhaps Mr. Willis or Mr. Campbell will enlighten us as to how and when the division of coins between RCM sales and dealer sales was made.
<< <i>A "we don't know" scenario is a lot different than a "the dealers got to cherrypick half of the 30,000 coins, and the retail customers got the rest" statement, where the latter can be taken to be especially damaging or given more weight than pure speculation than it is when it comes from such a respected and authoritative source. >>
I agree with TomB. There's no basis for jumping to conclusions and assuming something nefarious. With one notable exception, many of the folks making these comments are usually not prone to gossip and speculation.
In the video Mr. Campbell alludes to the fact that he was not involved in the final sorting of these coins.