Discussion: Activities of SPMCIL

[nomadbird]

They have already shown what's there in their mind. The single unc coins which were made available for 150 rupees until recently now cost 400+ rupees..
Aditya

Its pure Demand And Supply And in our current scenario, demand itself is artificially created. And anyway you need not worry because you dont collect proofsets/ or UNC's

[Bimat]

Its pure Demand And Supply And in our current scenario, demand itself is artificially created. And anyway you need not worry because you dont collect proofsets/ or UNC's

Yes, I must be lucky. I never found proof sets interesting...

Aditya

[nomadbird]

Yes, I must be lucky. I never found proof sets interesting...

Aditya

Rather I, and because of the price and for the quality they offer, the smallest bud in my mind of procuring them was burnt.

free now.....

[Coinsforever]

Its pure Demand And Supply And in our current scenario, demand itself is artificially created. And anyway you need not worry because you dont collect proofsets/ or UNC's

We have to keep in mind one more important factor:
1. Variable Cost  :  Raw material ( metal ), which has been appreciating continuously since 2-3 years.
2.Fixed Cost       :  Operations , salaries of worker & staff etc  , it has also appreciated due to inflation , fuel , electricity.

Hence apart from demand & supply above key  factors surely affect & mint have no options left to pass the increase cost to collectors.


For example few charts with 1 year data of metals being used in minting coins.

Silver & Gold are another area .
Cheers 

[kansal888]

I think the cost of preparing special dies for the proof sets may constitute a major component. Millions of coins are minted from a normal die. But only few thousand commemoratives are minted using proof dies. Can any learned member give some idea of costing involved in preparing a proof die? Peter what are your views??

[Abhay]

I think the cost of preparing special dies for the proof sets may constitute a major component. Millions of coins are minted from a normal die. But only few thousand commemoratives are minted using proof dies. Can any learned member give some idea of costing involved in preparing a proof die? Peter what are your views??

I don't know about the costing, but this video shows the process of making a Coin Die. You can guess that it is a very costly process to make a coin die.

http://www.youtube.com/watch?v=7jggPpaLyKk

Abhay

[Patney]

To make more profits the mints are colling the collectors like Mr. Kansal, who are buying UNC of Rs 5 in Packing of Tanjavour Temple at a Premium of Rs 427/-
SPMCIL has come out to a big Backmarketer than the Coin Dealers   

[repindia]

One can strike proof coins with a die for circulation ones if the planchets are specially prepared and the die strikes the planchet two times. This is the reason early strikes of circulation coins result in prrof like coins. The proof dies are used only for limited strikes and the dies are discarded once the limit is reached unlike the regular business strike dies which go on the on and have cracks and gets broken. Check out the coins of the East India Company-- many of which used the same dies for both proof and circulation strikes. You can see cool die-cracks on the proofs here! If you want to check the PL coins look no further than many British India ones which have mirror surfaces but the fields are full of chatter-- if only they used nicer planchets we would have got high grade PL coins!