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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)

RCM Reports

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piscesdave
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Canada
62 Posts
 Posted 05/20/2014  08:05 am Show Profile   Bookmark this topic Add piscesdave to your friends list Get a Link to this Message Number of Subscribers
Good day all , I was wondering what happens when the RCM releases a coin say with a mintage of 10000 and after a year they only sell 7000 and the other 3000 are archived . When the mint does the year end report do they list the separate coins /mintage/archived or are the unsold coins sent to a dealer at a discount ?

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kuh_85
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Canada
2366 Posts
 Posted 05/20/2014  09:33 am  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
Historically they're pulled from sale after a year. The annual report gives the mintage sold which becomes the actual mintage you see in the catalogues. They've been changing a lot of stuff lately. Don't know if this will/has change(d) as well.
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Dcadon
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Canada
1360 Posts
 Posted 05/20/2014  11:51 am  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
My belief NOW, is that anything left over is sold off on the Shopping channel coin show or dealers. I have no proof, but I don't see them 'melting' them down either. Especially with the prices they are charging at list price. There is a lot of room to discount to dealers.

I also believe, in the past, unsold merchandise was re-consumed (melted)and made into the next issue.
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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)



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