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<p>[QUOTE="sio2ga, post: 2586992, member: 83570"]I doubt that the South African mint is selling it any cheaper to MCM than what they do the public. I could go along with your theory very easily but this is not a bullion coin. This is a "premium uncirculated" which is on par with the burnished eagle that the US mint charges almost the exact same price for ($43/$45). I'm betting MCM had to pay almost the full $43 per coin and may have gotten 10% off at most. The SAM website says that they come in tubes of 25 or "in a blue pouch". That seems to mean they are treating it only just a little better than a cheap bullion coin, similar to how the US treats bullion coins (the US puts them in tubes and doesn't sell singles at all). SAM usually packages the proofs and even the lessor non-proof issues very well by putting them in both a capsule and a plastic box as well. Judging by the SAM's letter, they didn't have them individually capsuled/boxed when they shipped them to MCM. I searched around and saw pictures of the special pouch the coins come in and I just got the feeling that it wasn't going to be in a capsule because otherwise why bother with a pouch? Judging from SAM's letter and what the German dealer was quoted as saying on the link to the silver stacker's forum, it seems like they are going to restrike coins to go to the dealers that have made big orders and to me that's pretty surprising. I would like to have been a fly on the wall at MCM when they alerted SAM to the condition the coins were in on arrival. </p><p>The bright side is that if SAM restrikes these for MCM, we might be able to buy a graded 70 for a reasonable price of $70 or so, similar to what they sell the burnished eagle for in that grade.[/QUOTE]</p><p><br /></p>
[QUOTE="sio2ga, post: 2586992, member: 83570"]I doubt that the South African mint is selling it any cheaper to MCM than what they do the public. I could go along with your theory very easily but this is not a bullion coin. This is a "premium uncirculated" which is on par with the burnished eagle that the US mint charges almost the exact same price for ($43/$45). I'm betting MCM had to pay almost the full $43 per coin and may have gotten 10% off at most. The SAM website says that they come in tubes of 25 or "in a blue pouch". That seems to mean they are treating it only just a little better than a cheap bullion coin, similar to how the US treats bullion coins (the US puts them in tubes and doesn't sell singles at all). SAM usually packages the proofs and even the lessor non-proof issues very well by putting them in both a capsule and a plastic box as well. Judging by the SAM's letter, they didn't have them individually capsuled/boxed when they shipped them to MCM. I searched around and saw pictures of the special pouch the coins come in and I just got the feeling that it wasn't going to be in a capsule because otherwise why bother with a pouch? Judging from SAM's letter and what the German dealer was quoted as saying on the link to the silver stacker's forum, it seems like they are going to restrike coins to go to the dealers that have made big orders and to me that's pretty surprising. I would like to have been a fly on the wall at MCM when they alerted SAM to the condition the coins were in on arrival. The bright side is that if SAM restrikes these for MCM, we might be able to buy a graded 70 for a reasonable price of $70 or so, similar to what they sell the burnished eagle for in that grade.[/QUOTE]
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