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Replies: 311 / Views: 29,211 |
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Valued Member
Canada
330 Posts |
Everyone has their own opinion and philosophically you quite possibly are correct. In my book and many others involved in the auction # 20,000 out of # 20,000 certainly does signify the last numbered roll for circulation. If these holograms were meant to serve as a simple audit tag, a COA certificate would have been a much easier way to identify and distribute them. Printing numbered holograms is not an easy way to identify the rolls compared to printing COA's, especially 20,000 of them. Believe me, I'm in the label printing industry. These would print consecutively and be numbered with a laser jet printer in line on the press. The diffcult part is accounting for and replacing labels that are spoiled within the run from printing and/or die cutting issues. Not an easy or cost effective task.
Either way, this is the most certifiable last roll that I can tell which is available to the public. Whether it truly is or not, who knows?
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Pillar of the Community
Canada
590 Posts |
Here is a dilemma. Apparently all 20,000 rolls are sold. If your roll arrives damaged where the wrapper is destroyed, lets say from water damage. If you send it back what roll number will you get in return? There are no more rolls left and no more stickers. Would these replacement rolls be worth more than roll #20,000 because they would be the last rolls. All I know is my roll might have an accident while shipping, nudge, nudge, wink, wink.
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Valued Member
Canada
154 Posts |
Doesn't it say on the website that if a product is sold out you would just be refunded for your purchase? Might be a good way to turn your penny roll back into its original 20 dollar bill form though! :P
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Valued Member
Canada
233 Posts |
They will not issue "new" rolls, that is certain. Refund or replacement from cancellation.
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Pillar of the Community
Canada
6768 Posts |
Good point, Dooby Rak.
I think, Mint has predicted those cases. And you may get the same Serial Number on the sticker. And, although it is officially "Last Million", but probably last 1.500.000 coins were packed in such "special" way.
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Pillar of the Community
Canada
3690 Posts |
It's a sold out item. If you return a sold out item, you get a refund. Nice idea though Dooby.  As for a tradional COA; just think about the packaging of a roll and COA versus slapping a sticker on the roll. Which is easier and cheaper?
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Valued Member
Canada
330 Posts |
As far as cost of a COA versus the hologram #'ing here's the process:
COA - 1 print run on an offset press 40" x 28" printed in sheets with multiple images (estimate 40) per sheet. The stock isn't anything special or too expensive. These would then get cut down, sequentially laser numbered and folded on an automatic folder. Mint get's the COA's and distributes them liteally out of a box that could sit beside their packaging line. Easy to apply to each product. Hence that's why the COA's you get with NCLT coins most likely have absolutely nothing to do with the way they were actually minted unless the mint ensures they keep track of the coins from finishing all the way through to packaging and ensures the COA's are also distributed the same way. Also, if one gets destroyed, they don't have to go back to press as they can just re-number a blank which has already been printed on the folder/laser numbering equipment.
Hologram - 1 print run on a flexo press with material that has already been laser etched with the mints hologram on it. Extremely expensive pressure sensitive specialized stock. Labels are sequentially numbered by a laser jet printer and die cut in line and rewound on a roll. These labels are then applied by hand to each roll, one by one as they are hand unwound from the rolls. More labour intensive than simply putting a COA with the product. If a label gets damaged, you literally have to go back to press to print the number(s) that needs to be replaced.
Based on the stock cost and defective number replacement cost alone, the COA is a less expensive option. Add in the extra labour to hand apply 20,000 labels and it's not close.
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New Member
Canada
35 Posts |
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Pillar of the Community
555 Posts |
Quote: is this thing on?
Most of the time.
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Pillar of the Community
Canada
3690 Posts |
And you attach the paper COA to the penny roll how? With a rubber band? A COA would probably mean a box...relatively expensive, labour intensive and most likely delayed. The $9.95 roll would be $15.95 or more with a paper COA because of the additional packaging. BTW - COAs are placed in boxes by hand, as are the coins. The RCM uses labour intensive processing and a sticker doesn't change that. Though given your apparent knowledge of their processes, I guess you know that. As well, many of the products at the local dollar store have a hologram as nice as what the RCM have on the penny rolls so there is no way they are expensive. The easiest and cheapest solution would have been to simply print the number on the paper wrapper. But I suspect the numbering was an afterthought and thus a cheap sticker with a printed number. Having said all that, we're not going to solve this here and I'm sure everyone is tiring of the discussion. We'll just have to agree to disagree.
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Valued Member
Canada
330 Posts |
You are really discounting the costs involved. Probably due to your lack of understanding of the process and actual costs. To compare it to a generic dollar store hologram from China and the volume that goes with it shows you truly don't understand what's involved. The RCM hologram is customized with their logo, sequentially numbered and is for only 20,000 products. An extremely small run where many costs are amortized over a small sampling. I don't pretend to be a coin expert as I am new to the hobby. I can tell you I'm a label expert and have been in the industry for 20+ years. I've worked with most major consumer product companies in that time and have produced literally billions of labels for them. I appreciate learning from these forums and am just trying to share my expertise to contribute. Maybe there are folks here that "have to be right". So be it. That's their perogative. If you look at how the 1oz. O Canada subscription coins came, no case and no rubber band but still a COA. If you've received a roll from the mint, you would see that they included a small box inside the larger box which could have easily fit the COA with the roll. I will guarantee you the hologram label is BY FAR, the most expensive part of this penny roll. Enough said, I'm out.
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Valued Member
Canada
108 Posts |
Given the publicity that this 20,000/20,000 penny roll is getting, it would probably be a good idea for the seller to charge GST for this sale and claim the income. Lots of eyes on this sale - the seller's good fortune could turn bad in a quick hurry if this sale is not "above board". http://www.ctvnews.ca/canada/a-pret...ds-1.1177984
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Pillar of the Community
Canada
3690 Posts |
wow. Nice piece of fiction. Just humble 'Jack' getting his one roll in the mail eh? Selling it off for the good of collectors everywhere eh? None of that jives with what the seller has said in the red forum, nor with his other ebay auctions. Doesn't fit with what he apparently told Dooby Rak via ebay message (see page 5 ot this thread). Again, I don't care what he does with the roll or how much money he gets but that CTV story is a pretty tall tale.
Edited by CC-Ottawa 03/02/2013 1:15 pm
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Valued Member
Canada
154 Posts |
Could only imagine it would be a positive thing for the rest of us though. The attention to that one roll should draw more attention to those that were unaware of the rolls in general!
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Valued Member
Canada
396 Posts |
@CC-Ottawa, I have the same feeling as well. The article reiterates that the rolls were sold and limited to 1 per customer. They probably did not check out his other sale with a box full of them.
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Replies: 311 / Views: 29,211 |