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 Replies: 17 / Views: 3,689 |
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New Member
Canada
49 Posts |
RCMint listing 2011 Star Wars coin sets under "last chance" category on the website. Thought they only sell new issue. Why are they selling old coins like dealers? Edited by SilverArt
10/05/2013 2:29 pm
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Pillar of the Community
Canada
3167 Posts |
Hmm... interesting. Hopefully someone here can answer that. Now I'm curious  Edited by noahs-numismatics
10/05/2013 3:54 pm
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Pillar of the Community
Canada
2019 Posts |
Last chance means crappy sales on the coins they have there I guess...interesting. I wonder where they scraped up the star wars coins lol.
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Pillar of the Community
United States
1247 Posts |
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Pillar of the Community
Canada
3167 Posts |
Maybe dealer returns after a few years?
Or they could have found some hidden away somewhere?
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Pillar of the Community
Canada
814 Posts |
the price isn't that bad considering what RCM charges for other 1oz silver coins....you do get 4 1 oz coins and a super cool case.....better balue than the royal birth 3 coin set IMO |
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Valued Member
Canada
233 Posts |
These sets are available at 300$ from APMEX, and used to go even lower than that from time to time. It's been a long time that I saw one at lower than 300$ at APMEX, but you can have this in the 260-280 range shipped on ebay. |
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New Member
Canada
26 Posts |
NUIE? Forgive my inexperience but what does that mean?
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New Member
Canada
26 Posts |
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Pillar of the Community
United Kingdom
2889 Posts |
Niue is a self governing state in association with New Zealand http://en.wikipedia.org/wiki/NiueIt issues a lot of collectors coins - probably to boost tourism, income, general awareness of the place, but like a few other places has oversaturated the market. Edited by Bacchus2
10/06/2013 04:08 am
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Moderator
 Australia
16851 Posts |
Quote:
Why are they selling old coins like dealers? Exactly the same question I asked myself when I heard that the RCM were selling a stockpile of hundred-year-old gold $5 and $10 coins. Quote:
It issues a lot of collectors coins - probably to boost tourism, income, general awareness of the place, but like a few other places has oversaturated the market. Suffice to say that the vast majority of coins issued in the name of Niue were not initiated by the government of Niue. They were initiated in the marketing department of the Mint. Niue is one of several "countries" used as flags of convenience by several national, quasi-national and private mint corporations to make coins which their own national governments might have been reluctant to approve as legal tender. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Canada
3167 Posts |
Quote:
Suffice to say that the vast majority of coins issued in the name of Niue were not initiated by the government of Niue. They were initiated in the marketing department of the Mint. Niue is one of several "countries" used as flags of convenience by several national, quasi-national and private mint corporations to make coins which their own national governments might have been reluctant to approve as legal tender. Interesting info. Good to know, thanks! |
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Rest in Peace
Canada
1360 Posts |
To answer the original post, it is my understanding that coins issued, and sold by the mint will be available through the mint for one calendar year. These coins 'year' is nearly up, and as a result, are at "Last Chance". After that year, they will no longer be available on the mint web site.
What they do with them after that period is anybody's guess but I suspect they are either melted down, (good for us, as mintages will be reduced) or sold off at 'fire sale' prices to places like "The Shopping Channel" (bad for us, as the full mintage is out there, keeping it from becoming rare.)
Edited by Dcadon
10/06/2013 12:49 pm
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New Member
 Canada
49 Posts |
Thank you all for the great info. Still can't get used to them selling "old" coins.
Edited by SilverArt
10/07/2013 12:37 pm
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Pillar of the Community
Canada
3690 Posts |
Based on my e-mails from the Mint, they started selling these sets on January 19/12 at 529.95 and then on November 22/12, they offered a price drop to 349.95. And now almost a year later, they are still available for a brief period before being delisted. The RCM didn't mint them so I doubt they can melt them (there is more money in the packaging than the Ag content anyway) and likely can't even return them to the New Zealand Mint. I expect if they have any left, they'll be discounted further possibly through a major Mint rep (CC&C?). This situation is a bit of an anomaly. |
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Valued Member
United States
315 Posts |
The coins are painted or stickered or something, so thats why collectors don't want them. I see them still in stock at provident too.
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Replies: 17 / Views: 3,689 |
Posted 10/05/2013 4:17 pm
