cad-guy Posted December 18, 2007 Share Posted December 18, 2007 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. Quote Link to comment
+Renegade Knight Posted December 18, 2007 Share Posted December 18, 2007 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. Quote Link to comment
+Renegade Knight Posted December 18, 2007 Share Posted December 18, 2007 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. Quote Link to comment
+ScoutingWV Posted December 18, 2007 Share Posted December 18, 2007 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 Quote Link to comment
+MountainRacer Posted December 18, 2007 Share Posted December 18, 2007 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! Quote Link to comment
+rivercity Posted December 19, 2007 Share Posted December 19, 2007 A local troop just sold out of these geocoins. I could give you the name of a contact, if you'd like. Good luck! Quote Link to comment
cad-guy Posted December 19, 2007 Author Share Posted December 19, 2007 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. Quote Link to comment
+fairyhoney Posted December 19, 2007 Share Posted December 19, 2007 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? Quote Link to comment
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