Macquarie Mint $10 Coin
- Thread starter Mitchell
- Start date
GenYTrader
Member
Yeah I got it.....I havnt checked out the website.
I don't know anything about it.
I don't know anything about it.
I just checked the website.. it's a bit of a scam
It's not $10 Australian, it's from Nauru. It's refundable by the Macquarie Mint for $10 australian until 2013.
It weighs 10 grams and is 50% silver.
EDIT: BTW does everyone get it? If not, I'm interested as to how they got my address
It's not $10 Australian, it's from Nauru. It's refundable by the Macquarie Mint for $10 australian until 2013.
It weighs 10 grams and is 50% silver.
EDIT: BTW does everyone get it? If not, I'm interested as to how they got my address
1for1
Well-Known Member
Yeah i got it a few days back.. already a thread on this from a month back..
The H U G E ERROR in the marketing of this is it says:
$10 legal coin for $10 --- you cant lose... BUT guess what...
That $10 legal tender is NOT Australia.. thats Naroo... check it macquire! Nauru is not Australia (even if they use our currency - there is nothing to say in the future this will always be the case!)
Nauru uses the Australian dollar as its official currency but this COULD change! IE addtional risk.
Also worth noting it dosent state the weight of the coin.. i heard its around 10 grams..
Its the equivilant of saying $1 trillion zimbabwee legal tender coin for $1 trillion dollars you cant lose! (extreme example to prove my point).
1for1
The H U G E ERROR in the marketing of this is it says:
$10 legal coin for $10 --- you cant lose... BUT guess what...
That $10 legal tender is NOT Australia.. thats Naroo... check it macquire! Nauru is not Australia (even if they use our currency - there is nothing to say in the future this will always be the case!)
Nauru uses the Australian dollar as its official currency but this COULD change! IE addtional risk.
Also worth noting it dosent state the weight of the coin.. i heard its around 10 grams..
Its the equivilant of saying $1 trillion zimbabwee legal tender coin for $1 trillion dollars you cant lose! (extreme example to prove my point).
1for1
I saw it advertised and the $10 coin for $10 was a good marketing ploy n my books as it got my attention.
I looked at their website and as Mitchell said, it is 50% silver and not as good a deal as it seems.
I looked at their website and as Mitchell said, it is 50% silver and not as good a deal as it seems.
1for1
Well-Known Member
xrayspecs said:1for1 said:
I don't see an error in the marketing aspect of this at all
Hi, im sure its not an error (error - marketing term for deliberatley misleading.. but an ERROR if fair trade comes a knocking :/ ) .. but to me unless its australian legal tender then what is the $10 for $10... I call it misleading... hence why i am bringing peoples attention to it..
Do you think you can spend this in Australia? I dont! Is it legal tender in Australia? If you took it to a regular shop would you be able to use it.. ie: supermarket..
Do you not get my point? (just cos Narau uses Aus currency does not mean we accept theres.. cos WE DONT)
1for1
1for1 said:
Yep ... It's the third that I know of .... Having Deja Vu from the last thread that talked about this...
i got one at home and one at work. 50,000 available my ass. apparently it was put in a newspaper aswell the other day. dad was telling me about it but once i seen the letter i told him its definately some sort of scam.
no doubt itll fool alot of people into buying it though.
no doubt itll fool alot of people into buying it though.
AffinitiSilver
New Member
I got this ad as well. If it sounds to good to be true then it usually is.
1for1 said:xrayspecs said:1for1 said:
I don't see an error in the marketing aspect of this at all
Hi, im sure its not an error (error - marketing term for deliberatley misleading.. but an ERROR if fair trade comes a knocking :/ ) .. but to me unless its australian legal tender then what is the $10 for $10... I call it misleading... hence why i am bringing peoples attention to it..
Do you think you can spend this in Australia? I dont! Is it legal tender in Australia? If you took it to a regular shop would you be able to use it.. ie: supermarket..
Do you not get my point? (just cos Narau uses Aus currency does not mean we accept theres.. cos WE DONT)
1for1
Yeah, I get it. I was being a little facetious
I just meant that in terms of an actual marketing campaign I didn't see an error. It is a legal tender coin, just that it's only in Nauru, as you said. Marketing is all about trying to sell something and it is always misleading to some degree in order to get you to buy buy buy. It's all about highlighting the good points and burying the bad. There is no "wrong doing" per se in marketing if the truth of the matter is explained somewhere, that's what "small print" was invented for haha. It's the responsibility of the consumer to be informed, and not whine about how they were ripped off - when it was they who didn't read all the information provided. You can't blame a snake for being a snake, after all
It's also got us talking about it which, good or bad, creates attention for it which other people may notice.
cnsjock said:
I hear ya, but I DID manage to get off Reader's Digest mailing list eventually haha. The problem is that it's not just ONE list, when you somehow get into the system they have half a dozen lists that send crap out. I just kept sending them back with a "Return to sender - not at this address" label on them. It took a few months but eventually they all stopped and I haven't had one sense
Perseverance is the key, like a river eroding rock haha
Fykus said:
It's not actually a scam. It gives you all the information it has to. If you buy it you get what they are selling in the brochure. A scam suggests that you either don't get anything for your money or you get something different from what they describe. Again, it all comes down to consumer responsibility