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 Replies: 139 / Views: 18,028 |
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Pillar of the Community
Canada
9162 Posts |
Got mine from RCM NO card. |
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New Member
Canada
49 Posts |
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Valued Member
Canada
387 Posts |
No card? Is there anywhere else we can get it from?
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Valued Member
Canada
387 Posts |
Quote:
I also found it funny that they paid $2.20 to ship to me $6 worth of quarters (+enveloppe) and charged me only $6! Don't give them ideas.  I think this is one of the best programs that allows general public excited about our coins and hoard them. |
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New Member
Canada
14 Posts |
My girlfriend and I had the privilege of attending the Life in the Arctic event at West Edmonton Mall today. We went around ten and the booth was fairly quiet. We were each able to receive five sets (coins and card). We also put in ballots to win a gold leaf plated silver fractional set.
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Pillar of the Community
Canada
1823 Posts |
Cj33 you did better than us in the toronto region.
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Pillar of the Community
Canada
1823 Posts |
Cj33 you did better than us in the toronto region.
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Valued Member
Canada
430 Posts |
Got my two sets from the Mint. They sent mine via Canada Post Express Post in a cardboard box along with two coin card. I got mine for $6 plus free shipping. Postage must have been $10+ - money losing proposition for the Mint. At least I am supporting the money losing Canada Post.
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New Member
Canada
10 Posts |
I managed to get to the Toronto coin exchange at Atrium On Bay, at the front of Canada Post. I got 5 booklets and 5 sets of quarters for $5.
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Pillar of the Community
Canada
814 Posts |
got my set today and there is a card with it
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Pillar of the Community
Canada
2426 Posts |
Some have received full rolls from the mint exchange program at square one. Many other say they have received random coin rolls.
Should these full rolls (40 coins all same in roll) carry a premium over the random rolls?
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Pillar of the Community
Canada
815 Posts |
Seniorage. This is why the Mint can send you these for face value. They cost about 1/50th of face value to make, so if 2/100 people spend them, the mint breaks even. I would say much less than 2/100 sold are ever spent.
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Rest in Peace
Canada
1360 Posts |
Sure, the manufacturing cost is 1/50th of the face value, but the value IS $0.25 a piece. The mint is accountable to the bank of Canada - as such, these are LEGAL TENDER - and are part of the accounting for 'Making Change'as a crown corporation. That is why this is always referred to an 'Exchange' - same with the 20/4/20's or 100/4/100's.
Edited by Dcadon
12/16/2013 10:03 pm
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Pillar of the Community
Canada
815 Posts |
No, the mint profits every time a coin is not spent. They likely go forward with estimated seniorage percentages, and get approval from the brass accordingly. The US made a literal fortune from the State Quarters in exactly the same way. They essential "sell" you your own coin for 25-X cents, where X is the production cost. |
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Valued Member
 Canada
292 Posts |
I received my set today and there is no card with it. I'm wondering why the mint is so inconsistent
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Replies: 139 / Views: 18,028 |
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Posted 12/14/2013 5:31 pm
