Provident Metals: I don't want your magnets.

Discussion in 'Bullion Investing' started by myownprivy, Nov 8, 2018.

  1. myownprivy

    myownprivy Well-Known Member

    Why do they send these?

    1) It's an extra expense to them
    2) My guess is most customers don't care them because it's not like we are going to put it on our fridge. The last thing PM buyers want is to publicize to any house guest that they have precious metals.

    For people (like me) who place an order every month, you're going to accumulate lots and lots of these things. So what am I going to do with them?!

    Do you like them?
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  3. ddddd

    ddddd Member

    Someone in marketing told them it helps with sales?
    Maybe they have some data that people actually like them?

    I would think a pen or key chain might be a better item to give out for marketing purposes as people might actually use those without attracting a ton of attention from outsiders.
  4. Santinidollar

    Santinidollar Supporter! Supporter

    I deal with a coin dealer who is always sending me free magnifiers. Have to say those are much more useful than magnets.
    asheland and ddddd like this.
  5. myownprivy

    myownprivy Well-Known Member

    That would be great, except I don't need 12 of those per year, and I bet that would be far too costly for Provident.
    However, I like the idea of a pen or a pencil.
    asheland, Santinidollar and ddddd like this.
  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Bet you can't verify silver by sliding it between 2 of those, even with stacking them on each side, they wouldn't help. :)
    myownprivy likes this.
  7. myownprivy

    myownprivy Well-Known Member

    Funny! Had a similar thought. The magnets are so weak there's no way they could verify much of anything.
    Last edited: Nov 9, 2018
  8. furryfrog02

    furryfrog02 Well-Known Member

    I just got an order from Apmex on Monday and it had a little notepad (helpful) and a keychain (no thanks).
  9. Clawcoins

    Clawcoins Well-Known Member

    I have APMEX notepads, and a bunch of Provident magnets (and other magnets) on the refrigerator to hold up my kids stuff.

    I don't buy anything that's on the magnets, but they are useful to me.
  10. pmbug

    pmbug Member

    They should make watermarked (or raised edge) packaging for for bullion (coin sleeves, tubes, etc.) and give out free samples instead. Folks would actually use them and be reminded of the company every time they go scuba diving in their favorite lake and assess the treasure they lost.
  11. SilverMike

    SilverMike Well-Known Member

    I toss the magnets too...I’d rather them save money on that stuff and just send me an extra coupon every now and then. Because those I will use!
    asheland likes this.
  12. TheFinn

    TheFinn Well-Known Member

    Probably a marketing ploy so that your surviving heirs will know who to call to sell all of your coins and PMs.
    medoraman and Jaelus like this.
  13. medoraman

    medoraman Supporter! Supporter

    Best answer to me. The stuff isn't about you but for those who will sell your stuff off.

    Pretty brilliant actually.
  14. myownprivy

    myownprivy Well-Known Member

    I disagree. The flips they send you have their info on them. No need for redundancy with a dumb magnet. Plus, people are far more likely to reuse the flips than they are to put a magnet on their fridge that broadcasts to house guests they have precious metals in their homes.
  15. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    There are catalogs of tchotches and show giveaways that you can see, online or sometimes at shows... Google "trade show giveaways".

    My observation is that anybody who goes with something on the 1st page or the current "hot" list is lame.
    ddddd likes this.
  16. ddddd

    ddddd Member

    The smart ones open a random page near the middle. :D
  17. Clawcoins

    Clawcoins Well-Known Member

  18. myownprivy

    myownprivy Well-Known Member

    Visit Troy, Michigan and break into all of the homes. Once you find the ones with the magnets on the fridge, you know you've hit the jackpot! Then go find the bullion.

    Tip: If you can't find his house, contact the local Remax agent. You could also pose as a Jets Pizza delivery man.
  19. Clawcoins

    Clawcoins Well-Known Member

    You could but the problem you would have is
    (1) I don't live in Troy - have you ever used some other libraries ??
    (2) I *never* and I really do mean it, *never* nor *ever* use/d pizza delivery. I'm too cheap to pay someone to do something that I can do - even when I was in college.
    (3) if you ever do ... then you'll also have to break into all of the banks that have SDBs too. I recommend starting there anyways you'll at least won't get bitten and shot to death.
    (4) I also have refrig magnets from a bike shop in the UK. Maybe I live in England ??

    and don't you ever get magnets from real estate people that you have never, ever used in the past just for the magnet? I get junk mail from multiple places each year.

    Oh wait, you don't like magnets so you wouldn't understand.

    Good luck.
    Last edited: Nov 11, 2018
    Randy Abercrombie and myownprivy like this.
  20. myownprivy

    myownprivy Well-Known Member

    Ok, good!

  21. longnine009

    longnine009 Most Exalted Excellency

    The only "company" I get are moochers who I don't answer the door for.
    Last edited: Nov 12, 2018
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