Strange Pricing Policy

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I belong to a small nation in a small state. There are 10 million of us. And I know of only two companies that are in the silver coinage business here.

I have repeatedly written about the Czech Mint. I'll stop there for a moment. I do not understand the pricing policy of this company.

The Czech Mint is a private company that repeatedly wins tenders for the minting of official coins of our country, including commemorative coins. In addition, it also mints collectible gold and silver coins and medals.

This company has five brick-and-mortar stores in the most touristic places of our country. In addition, of course, it also operates an online shop. It seems that it wants to appeal mainly to rich tourists from abroad.

In addition to the internet offer, the company also prints catalogues on coated paper. What does it offer? This is an example.

You don't need to know my language to know that this coin will be issued in a mintage of 1,000. What will the price be?

2.190,- CZK, that's 92 USD right now. The price on the spot market is now about USD 32 per troy ounce of silver. The seller is therefore offering this coin for almost three times the price of the silver contained in it.

To be fair. In our country there is a VAT of 23%.The price including VAT is about 40 USD. But the markup on the price of silver still seems huge to me.

The Mint mints approximately 100 similar coins each year. Gold coins in mintage of 100, 250 and 500 pieces. Silver coins in mintages of 1000 and 2500.

I showed you these coins. They have one peculiarity. Each of them was minted in 16,500 pieces. And they cost and cost 1190,- CZK per piece.

The 2023 coin cost CZK 1,190 in 2023 and the Mint will sell it to you for the same amount today. The prices have not changed at all. The price of silver is rising, but the price of the coin remains. Very unusual. The same is true for 2024 and 2025. The coins are still in stock.

1190,- CZK, that's about 50 USD. There's a big premium today. But in 2023, it was a huge premium. That's why I just bought these coins now.

I look at these coins as jewelry, not as an investment. I'll only get one of each. I invest in other types of coins through other dealers. The pricing policy of the Czech Mint is incomprehensible to me.

Despite the price, these coins are beautiful. At least I think so.

The English version of this article was created thanks to the deepl.com translator. The original article, in Czcech , is below the banner.

Thank you for stopping by, thank you for reading and maybe commenting. Thank you for every form of support.

😀😀😀Podivná cenová politika😀😀😀
Patřím k malému národu v malém státě. Je nás 10 milionů. A vím pouze o dvou společnostech, které zde podnikají v oblasti ražby stříbrných mincí.

O České mincovně jsem psal opakovaně. U toho se na chvíli zastavím. Nerozumím cenové politice této společnosti.

Česká mincovna je soukromá společnost, která opakovaně vyhrává výběrová řízení na ražbu oficiálních mincí naší země, včetně pamětních mincí. Kromě toho razí také sběratelské zlaté a stříbrné mince a medaile.

Tato společnost má pět kamenných prodejen v turisticky nejnavštěvovanějších místech naší země. Kromě toho samozřejmě provozuje také internetový obchod. Zdá se, že chce oslovit především bohaté turisty ze zahraničí.

Kromě internetové nabídky tiskne společnost také katalogy na křídovém papíře. Co nabízí? Toto je příklad. Nemusíte znát můj jazyk, abyste poznali, že tato mince bude vydána v nákladu 1 000 kusů. Jaká bude cena? 2.190,- Kč, to je teď právě 92 USD. Cena na spotovém trhu je právě asi 32 USD za trojskou unci stříbra. Prodejce proto nabízí tuto minci za téměř trojnásobek ceny stříbra, které je v ní obsaženo.

Abych byl férový. U nás existuje DPH 23%.Cena se započtením DPH je asi 40 USD. Ale přirážka k ceně stříbra se mi i tak zdá obrovská.

Mincovna každý rok vyrazí přibližně 100 podobných mincí. Zlaté mince v nákladu 100, 250 a 500 kusů. Stříbrné mince v nákladu 1000 a 2500 kusů.

Ukázal jsem vám tyto mince. Mají jednu zvláštnost. Každá z nich byla vyražena v počtu 16 500 kusů. A stály a stojí 1190,- Kč za kus.

Mince z roku 2023 stála v roce 2023 1190,- Kč a mincovna vám ji dnes prodá za stejnou částku. Ceny se vůbec nezměnily. Cena stříbra roste, ale cena mince zůstává. Velmi neobvyklé. Totéž platí i pro roky 2024 a 2025. Mince jsou stále na skladě.

1190,- Kč, to je asi 50 USD. Dnes je zde velká přirážka. Ale v roce 2023 to byla obrovská prémie. Proto jsem tyto mince koupil až nyní.

Dívám se na tyto mince jako na šperk, ne jako na investici. Od každé si pořídím jen jednu. Investuji do jiných typů mincí prostřednictvím jiných obchodníků. Cenová politika České mincovny je pro mě nepochopitelná.

Navzdory ceně jsou tyto mince krásné. Alespoň si to myslím.

Anglická verze tohoto článku vznikla díky překladač deepl.com. Článek v originále, v češtině , je pod banerem.

Děkuji, že jste se zastavili, děkuji že jste četli a třeba komentovali. Děkuji za každou formu podpory.

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15 comments
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You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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it is unbelievable how much they can profit from this market.

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Our Canadian Mint often puts a steep premium on all their numismatic products too. OF course they have to turn some kind of profit but rarely buy direct from them but a few. I can wait a few years and find the same coin discounted down in the secondary market from it's original issue price.
!BBH

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That troll coin is awesome! A little more money than I would want to spend on it, but it is really cool. Those steep premiums are happening everywhere around the world right now, it's kind of sad.

That thing is cool!
!BBH
!INDEED
!LOL
!HOPE

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The development of the world is now very turbulent. Maybe we will see better prices.
!HBITS

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The Czech Mint is indeed a fascinating company with a rich history and a significant role in minting official and commemorative coins for the Czech Republic. Their pricing policy can be a bit perplexing, especially considering their target audience, which seems to include both local collectors and wealthy tourists.

One reason for their pricing strategy could be the exclusivity and limited nature of their products. They often produce coins and medals in limited quantities to maintain their value and appeal to collectors. Additionally, the costs associated with minting high-quality coins and medals, as well as operating stores in prime tourist locations, likely contribute to their pricing.

It's interesting to note that the Czech Mint has to repeatedly apply for coin orders through tenders from the Czech National Bank, which might also influence their pricing and production strategies.

!BBH
!LADY

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Thank you for your opinion. I was also thinking that self-promotion towards the state, which is the biggest buyer of the production, will play a role.
!HBITS

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(Edited)

Nerozumím mincím, ale zastavím se u věty "malý národ v malém státě". Myslím, že jsme si davově vsugerovali něco, co není až tak pravda. Co do rozlohy jsme v evropském žebříčku těsně nad polovinou, co do počtu obyvatel v první třetině. Nejsme ani malý národ, ani malý stát. (Co by měli říkat třeba Dánové, Belgičané, Litevci...)
Sláb jenom ten, kdo v sebe ztratil víru, a malý ten, kdo zná jen malý cíl.

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Hodně se teď v souvislosti s námi používá jméno Hobitín. Nejsme velmoc. Zejména proto, že na postavení velmoci neaspirujeme. Náš vliv na světové události opovídá našim aspiracím.

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!ALIVE | !BBH | !CTP

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