coins for charitable organization

[cad-guy]

I was visiting with some members of my boy scout troop, and we started hashing out ideas for fundraisers. One of the boys is a geocacher (as am I) and mentioned geocoins. More particular, have some minted and sell them online such as ebay or on here. At one time, coins were a pretty hot item, but am not sure about now. I have no idea about what kind of expense we are talking about. I know that the cost of the coins is based on type of metal, number of colors etc.

 

I'm just curious if anybody on here has a good feel it this might be a good idea or not. Also, I know that the Boy Scouts have licensing issues, using their art and logos, so it would have to be more of a generic boy scout image other than their normal logo.

 

Anyway...enough rambling. I'd be interested in hearing others thoughts on this.

[+Renegade Knight]

When I started the idea for the Friends of Caching series coin sales were about 1000 and sold out fairly quick for an issue. If I had the coin ready exactly then...I could have sold 1000 in a flash and done really well for the organization the coins is about.

 

When I reached a point where I thought I was ready for pre-orders I pre sold about 159. That was a huge difference but by then I was also seeing personal coins sales drop, coins did not sell out in 10 minutes and you could wait a few days and see if you still wanted the coin.

 

Problems happened one of which is that 159 coins isn't much to spread the die costs out on so I am making 300 and hoping they sell. If they do I will not make the 2000.00 for that organization that I thought I could it will be 600. If I don't sell all 300...it's going to be painful.

[+Renegade Knight]

I've heard of at least one other, but don't know how that one worked out.

 

The more typical fund raiser is people donate a coin to the cause then those are sold and the funds go to the cause. Not quite the same as a BoyScout coin. Boyscouts do make coins though they may have sources that are easy to use an inexpensive.

[+ScoutingWV]

A couple Scouting related projects some to mind - The Hoxie Scout coins and the Venture Crew 4485 coin. The Hoxie Scout coins were made and sold as a fund raiser to help send boys to the Jamboree. I'm pretty sure the Venture crew coin was also a fund raiser, but you can contact them to be sure.

 

There are other Scouting related geocoins out there (and a separate thread discussing them), but those are the only ones I can think of quickly that were fund raisers of some sort.

 

Good luck!

 

YiS

[+MountainRacer]

I don't think you'd need to worry about a cold coin market; well-designed coins almost always seem to sell out. I'd advise you to contact a reputable coin manufacturer, as per the directory, and they should be able to help you balance design and minting costs with a good selling price to maximize your fund-raising margin. Best of luck to you!

[+rivercity]

A local troop just sold out of these geocoins.

 

 

I could give you the name of a contact, if you'd like.

 

Good luck!

[cad-guy]

A local troop just sold out of these geocoins.

 

 

I could give you the name of a contact, if you'd like.

 

Good luck!

 

I would love to get the contact. Just send me an email.

[+fairyhoney]

A local troop just sold out of these geocoins.

 

 

I could give you the name of a contact, if you'd like.

 

Good luck!

 

Hi, how might we go about getting one of these Do you have any left?