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Posted 12/12/2014 9:13 pm
The primary distributors for RCM product tend to have deals with the Mint whereby they also make deals for scrap bullion. I won't claim to know any of the details of such deals, nor would I make much conjecture on profit margins aside from they're obviously making enough money to keep going. As for smaller dealers that order from those primary distributors, the margins are not great, but if they've got a market for new Mint product, its healthy.
I've mentioned before that we've not been able to sustain current-year Mint product because of a lack of demand from our customers and the insanity of trying to compete with either Canada Post or the Mint boutique. We've had much greater success focusing on numismatics and the second-hand RCM market.
I've mentioned before that we've not been able to sustain current-year Mint product because of a lack of demand from our customers and the insanity of trying to compete with either Canada Post or the Mint boutique. We've had much greater success focusing on numismatics and the second-hand RCM market.
