Huge Minelab Price Increase - And Gold Monster To Come With One Coil?

[Past Member]

1 hour ago, phrunt said:

 

The only big loss was the Pro-Find 35, someone might give me 5 bucks for it if they can find an alternative use for it? a small portable flashlight? a carrot shaped vibrating thing?  Don't know what they could do with it but it's no good for detecting.

OUCH! But how do you really feel about it Phrunt? ?

[EL NINO77]

Maybe I'm being too pragmatic, but Minelab estimates that the price of gold and silver will only go up, so it adequately increases the prices of its gold machines.....

But .. Maybe I'm wrong... even though the price per ounce of gold has been going up nicely for the last few days...

[Aureous]

7 hours ago, Steve Herschbach said:

Yup, it surprises me to hear that everyone in Oz uses the 5” coil. I thought Oz was the land of big men, big gold, and big coils! 

Yeah, absolutely correct....and big mineralization! The 5" is quieter. Even with my 24K, the 6" CC coil was my go-to coil. I wanted a 6x4 DD but couldn't get one for a sensible price anywhere ? 

[Joe D.]

  Everyone has covered the "speculation" thoroughly, especially Steve and Simon, Thanks all, good read!?

   Personally, if all things were equal among all the major players, I would still buy another brand, over Minelab at this point! Keeping in mind, i'm not a prospector here on Florida's Treasure Coast; primarily a beach hunter! (Used 5000???)! Their quality control, and management "style" has left a bad taste! And there are other's that are working much harder to earn our business! So, I'm content to let my units (800 and 540) fade into the parts bin! The 800 is almost there, as the power button has failed prematurely (won't shut off), and I really don't want to throw anymore money at a third replacement, even at the Pod replacement rate!?

   As for their Military discount, nice, but it's half hearted if it's not for all military vets throughout all the countries being sold! And it's gonna be negated buy price hikes!???

[D&P-OR]

4 hours ago, EL NINO77 said:

Maybe I'm being too pragmatic, but Minelab estimates that the price of gold and silver will only go up, so it adequately increases the prices of its gold machines.....

But .. Maybe I'm wrong... even though the price per ounce of gold has been going up nicely for the last few days...

Judging by todays gold price--you/they could very well be right in that thinking.---Todays gold price VERY CLOSE to an all time high.

[dig4gold]

18 hours ago, phrunt said:

Well, it works, but would you be as happy with it if you paid the new pricing and it only came with one coil for that price?

That depends if I knew about the old price was & what I got for that price compared to what this new price & offering is going to be. Ignorance is bliss. If you didn't know, then you didn't know. Most things go up in price as time & inflation move forward. Probably costing Minelab more to make, market & release their detectors these days. Bit like going to the super market & knowing it costs you more almost every time you go there. But you still buy, or don't & go hungry.

As to the Nox 800 compared to the GM, it really was a bang for the buck detector. Still is but you have to buy the 6" coil as an extra. Even with the standard 11" coil it still hit pretty small gold. With the release of the 900 I don't suppose they are still making the 800 but just selling off what they have left in stock.

D4G   

[dig4gold]

10 hours ago, Steve Herschbach said:

Well, to cut to the chase they are charging a solid $1000 more for a GPX 6000. The price increase is more than most metal detectors sell for. They can’t squeeze a profit out of $7999, one of the highest prices ever charged for a consumer metal detector? It costs $1000 more to ship them? The chips cost $1000 more? Labor costs in Malaysia went up an aggregate $1000 more per machine in Malaysia? Just call me one of the doubters for any anyone trying to rationalize a price increase like that as anything other than a money grab, gouging gold prospectors to subsidize the sale of machines like the X-Terra Pro and X-Terra Voyager at extra low prices.

Yes, mining the miners. Or maybe they are recouping costs of all the failed coils replaced under warranty & the EMI issue & possibly shaft cam locks. The 6000 certainly had its issues. With its release back in April 2021 there are still 4 months of warranty to go on the first release models & likely many more months/years on later purchases.

D4G 

[Erik Oostra]

On 12/1/2023 at 1:13 AM, Steve Herschbach said:

Final note - no Equinox 600/800 on the list. Just no price increase for them, or getting discontinued what with the new 700 and 900 models now out?

I'm hoping that they'll be discontinued and that this will mean cheap 600/800s on the second-hand market.. Sort of what happened with the WM08s, I've recently bought one for $50..

I think Minelab's price increases just boil down to simple greed.. I also think the blowback will be enormous.. Unless potential buyers act now (this month/year) they'll not only be less inclined to buy their coveted detector next year, they're also less likely to upgrade to 'better' models and stick with what they've got..  

I think that being seen as money-hungry greedy bastards will lead prospective buyers to reconsider other brands.. In other words, Minelab will lose brand loyalty.. And for those stuck with a 'not as good' detector will try to squeeze a bit more performance out of it, maybe by splurging on another coil instead of another detector.. 

Whatever the case, it'll be interesting to see how this all plays out in terms of profits.. Will the shareholders be pleased or scream blue murder at the end of the financial year? I'm betting they won't have much to grin about..   

Edit: just read in Phrunt's post that the Nox 800 will also become more expensive, the Nox 600 stays the same price.. I guess this means they'll continue to make them?  

[araratgold]

21 hours ago, Valens Legacy said:

I believe that the veterans have deserved it as they have fought to save us all from all the evil in this world.

That's great for you guys in the US.

Here in OZ, we get NO military discount from Minelab, which is a bloody OZ company ! Talk about getting "shafted" ! ?