Wierd email from scotsman auction??

rec78 · October 12, 2006 5:02PM

I just got a wierd email from Scotsman auction co. asking me to order some Canadian coins from the Canadian mint today and send them to them and make $40. Canada is coming out with a new commemmorative of some kind with a mintage of only 5000. If these are supposed to be so good why give out the information?? - If i buy them i will keep them--Should i thank them for the advice or sell them to them and make the $40.00??.I have never recieved an email like this before. Has anyone else gotten this email??Thoughts??

seemyauction · October 12, 2006 5:11PM

They posted a message on these boards earliertoday, wanting folks to buy them and sell them 20 bucks over cost per set. There is a limit of 2 per customer.

WoodenJefferson · October 12, 2006 5:25PM

Yeah...I remember this dealer from Baltimore (I think) was asking forum members to order these Canadian colorized coin sets from the Canadian Mint, sell them back to this dealer for18% profit. The set is going to be limited to 2 per order or something like that, they were trying to hedge the market on them.

I looked...I think the thread got nuked.

ABC123 · October 12, 2006 10:01PM

Get Rich Quick---$20 bucks at a Time !

notwilight · October 12, 2006 10:06PM

anybody else agree that this new canadian coin is likely a winner?

Michigan · October 12, 2006 10:16PM

<< anybody else agree that this new canadian coin is likely a winner? >>

Hard to tell. Canada issues a tremendous number of commemorative coins in various offers of proof, mint
sets, colorized etc. each year. A lot of them are for events of dubious historical importance IMO but to a
student of Canadian history maybe they are a big deal. My guess is the usual speculation will take place
with a quick runup in prices and then a decline as expected.

One of my all time favorites is the one for the 55th anniversary of the Canadian oil industry. 55th? well it
appears that the 50th anniversary slipped by without anyone noticing and they still wanted a coin so
on the 55th they decided to issue it.

notwilight · October 12, 2006 10:36PM

I thought about picking up a couple but passed based on you logic. Thanks, Michigan. --Jerry

BigBuffaloGuy · October 13, 2006 12:16AM

I think the Canadian Mint is a bit upset with us sending out those messages. I'm not sure why as the result is more business for them. Likewise, we took a lot of heat for posting this info on the US Coin Forum, which is understandable - it belonged in the Buy, Sell, Trade forum. Anyway, we do like this coin and are willing to back it up with the offer we made. If people want to keep the coins they ordered instead of selling them, perhaps they will remember who gave them the advice.

Oh ya, we have only made an offer like this one other time - just before the Buffalo Silver Dollar Commemorative was issued.

No worries

Mark

RYK · October 13, 2006 12:24AM

I ordered my two sets.

Personally, I do not think that there is anything to be offended. If you want to buy the sets and flip to Scotsman and make $40, fine. If you want to use the information and speculate on the sets, also fine. If you want to delete the mail (or ignore the thread here), again, fine.

Mark (BigBuffaloGuy) is relative newbie here and did not understand the protocol for this. Scotsman is a well-established coin firm and will undoubtedly make good on their offer.

When I called to order my two sets, the customer service rep volunteered that all of her orders today were from St. Louis!

Link to item

Get Rich Quick---$20 bucks at a Time !

"No one ever went broke taking a profit."--many investors

Edit: Below is the email I received:

Scotsman Auction Company is paying $130 for a coin that you can begin ordering tomorrow (Friday, 10-13-06) at 8a et. for $109.95 by CALLING the Canadian Mint at (800) 268-6468. We need you to help us acquire this coin because, like the U.S. Mint, there is a limit on the amount you can order -- in this case 2 -- and we think this coin is going to be a real winner. Only 5,000 total are being issued, so the closer to 8 o'clock you can call the better. Here is what to order: Two 2006 Enameled Coin - "Medal of Bravery." It will cost $109.95 each plus shipping. Once you receive both coins, ship them to us. We will promply send you a check for all your costs (including reasonable shipping charges) plus an extra $20 per set you send us. Pretty simple....

The RCM www.mint.ca does not currently have any info on this coin on their website, but that will likely change tomorrow.

Thanks for the help

Mark
800-642-4305

VTCoins · October 13, 2006 12:26AM

Anyone know what set or coin they are talking about? Any links?

ziggy29 · October 13, 2006 12:30AM

<< anybody else agree that this new canadian coin is likely a winner? >>

Obviously, Scotsman thinks so or else they wouldn't be offering multiples of the issue price to get around the per-customer limits.

BigBuffaloGuy · October 13, 2006 12:32AM

The coin is now sold out. Thanks for the vote of confidence RYK. That's funny that most of the orders came from St. Louis. I guess Scotsman has a little way to go before we are considered a National firm.

Mark

Coxe · October 13, 2006 12:35AM

<< Get Rich Quick---$20 bucks at a Time ! >>

And $40 rich total, as they are apparently limited to 2 per customer.

Looks like those who see potential in them and cannot get more than their quota are desperate to get as many as possible secondarily.

ziggy29 · October 13, 2006 12:47AM

I hate how mints create these intentional rarities for speculators to make a bunch of money by intentionally constraining supply. IMO, it's a giveaway to the well-connected. Personally, I would expect that from private enterprise, not a government entity.

I know all you people who ordered 10 AGE sets love it, though...

RichieURich · October 13, 2006 2:20AM

I ordered 2 also. I figured Scotsman is a reputable outfit as I have bought some coins from their auctions and was satisfied with them. When I get them, I'll get a look at them and then decide whether to flip them for the $40 profit or keep them.

Russ · October 13, 2006 2:27AM

<< Scotsman is a well-established coin firm and will undoubtedly make good on their offer. >>

There's no question about that. But, I hate spammers. I get buried in spam every day even with the filter in place.

Russ, NCNE

Coxe · October 13, 2006 2:47AM

<< I ordered 2 also. I figured Scotsman is a reputable outfit as I have bought some coins from their auctions and was satisfied with them. When I get them, I'll get a look at them and then decide whether to flip them for the $40 profit or keep them. >>

I don't see them, just the normal ones and a limited first day quarter.

Jackrabbit · October 13, 2006 6:27AM

How long did it take before the coin sold out... I got on their website and it's says "Sold Out". Boy was that fast.
Anybody have any idea about the coin and what it will do... Thanks

BigDaddyz · October 13, 2006 6:40AM

I got my 2, thanks bigbuff

mozin · October 13, 2006 10:04AM

I received the Scotsman email yesterday, and wondered what was going on, so I just filed it.

Today I looked at the coin because of this thread. Personally, I would not want this dark side coin, doesn't do a thing to impress me. Thankfully, I don't need to go through this maneuver with Scotsman just to make $40. I have been pleased with the two auction lots I won from Scotsman.

Haven't heard anything about Mark Mamelian posing again for his dance class.

TWQG · October 13, 2006 10:17AM

What's this all aboot, eh?

Longacre · October 13, 2006 11:51AM

No offense to Scottsman, but I think the sending of an email like this to collectors (or anyone) is pretty lame.

Wierd email from scotsman auction??

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