Is there a difference between a "well managed promotion" and the slow sale of SS Republic

Comments

• TwoSides2aCoin Posts: 44,708 ✭✭✭✭✭

  February 23, 2006 4:19AM

  from a business standpoint, I see it like this....
  
  I spend a trillion dollars in research, development, deployment, extraction, conservation, promotion, and all that for a million dollars worth of treasures.... um, I'd hope it is well managed, if this is price manipluation or dastardly, I can understand the reason why. Each piece needs to sell for a million dollars to cover the deficit rung up on the implementation of the "treasure hunt".

  ``https://ebay.us/m/KxolR5

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• CalGold Posts: 2,608 ✭✭

  February 23, 2006 4:20AM

  Just a guess here but part of it has been selling the "story" to non-collectors to generate interest and demand from people who will not turn up their noses and say "a conserved, dipped out POS, I might consider onwing one for the novelty factor at 20% back of bid."
  
  And maybe 20% back of bid is being too generous!
  
  CG

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• coinguy1 Posts: 13,484 ✭✭✭

  February 23, 2006 4:35AM

  To me (and I don't expect that everyone will see it the way I do), a "well managed promotion" equates with : Acquiring a good quantity of coins which appear to be very reasonably or undervalued, promoting them, taking actions that help to raise prices in an orderly fashion as the promoter(s) continue(s) to make a market in them, selling/distributing the coins over a lengthy period of time into the higher "market", eventually no longer supporting the price.
  
  Whether well managed or poorly managed, it is in essence, market manipulation in my opinion. It can be risky to all parties involved, including the "promoter(s)", and some profit by it, while others will eventually get left holding the bag.
  
  I am not familiar with the particulars of the distribution of the SS Republic coins, but am under the general impression that it differed from the type of "promotion" I outlined above.

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• 291fifth Posts: 24,854 ✭✭✭✭✭

  February 23, 2006 4:38AM

  This is business, not numismatics. My guess is that the target market for these coins is wealthy individuals who have an interest in history but who are not normally coin collectors and who aren't well versed in just what "conservation" means.
  
  

  All glory is fleeting.

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• PerryHall Posts: 47,089 ✭✭✭✭✭

  February 23, 2006 6:03AM

  
  
  << <i>This is business, not numismatics. My guess is that the target market for these coins is wealthy individuals who have an interest in history but who are not normally coin collectors and who aren't well versed in just what "conservation" means. >>
  
  
  
  Some of the promotion implys that these coins will make great imvestments. Definately aimed at the general public rather that sophisticated collectors.
  
  
  
  
  

  Worry is the interest you pay on a debt you may not owe.
  "Paper money eventually returns to its intrinsic value---zero."----Voltaire
  "Everything you say should be true, but not everything true should be said."----Voltaire

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• 100proof1957 Posts: 6,231 ✭

  February 23, 2006 6:22AM

  " ship wreck effect "
  
  NCS and no grade.
  
  Not for smoebody that collects coins !
  
  Collect history ? perhaps.

  

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• coinguy1 Posts: 13,484 ✭✭✭

  February 23, 2006 8:04AM

  I have been asked to post this on behalf of John Albanese, Marketing Strategist for OMR:
  
  "Well known retail dealers were selected to market the Shipwreck coins which, in my opinion, were graded conservatively in many cases. I never raised bids to manipulate the market - in fact, several issues were sold below then-prevailing market levels, due to increasing populations. The dealers that marketed the "Shipwreck effect" halves were contractually obligated not to sell the halves as investment vehicles. Most halves sold to coin collectors and history buffs."
  

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• RYK Posts: 35,800 ✭✭✭✭✭

  February 23, 2006 10:15AM

  I still do not have all the information I require.
  
  There were quite a few better and downright rare date New Orleans gold coins that never appeared to hit the market. One obvious example is the 1854-O $20 in 58. That has to be a $300,000+ coin that begs to be sold in auction. It has not appeared (to my knowledge). By golly, I collect NO $10's, scour dealer inventories and auctions for them, and have not seen any appear on the market. None were offered to me. I would have purchased one. Are they still tied up?

  My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132

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• Longacre Posts: 16,717 ✭✭✭

  February 23, 2006 9:05PM

  Mark--
  
  Thanks for posting those comments from John A.

  Always took candy from strangers
  Didn't wanna get me no trade
  Never want to be like papa
  Working for the boss every night and day
  --"Happy", by the Rolling Stones (1972)

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