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Kudos To The RCM

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Author Previous TopicReplies: 3 / Views: 915Next Topic  
Pillar of the Community
TheForce's Avatar
United States
4870 Posts
 Posted 05/13/2005  7:06 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
The Royal Canadian Mint is truly awesome. They make their coinage even more accessible than the US Mint. For example, you can buy individual rolls of the various canadian demoninations, including cents!, something that the US Mint does not do.

David
Pillar of the Community
United States
2724 Posts
 Posted 05/14/2005  07:12 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
This is something that the mint just has not gotten to yet. The only denomination that you cannot buy from the U.S. Mint yet is the Dime.
I wish that they would stop "selling" coins. Proof sets and Mint sets are fine, but they are coin manufacturers, not a coin dealer. The fact that they charge a premium above face value is just plain WRONG. They are supposed to "sell" their coins to the Federal Reserve, not average Americans. The fact that we pay extra for rolls of quarters is just plain silly to me. Now we buy Halves and Dollars that the Fed Reserve won't buy, and we are happy to pay extra for them.
The U.S. Mint is supposed to sell Mint Sets, Proof Sets, Commemoratives, Medals, Special collectables, and maybe on the rare occasion, Special Mint Sets. Selling us circulation strike coins is beyond the purpose of the mint.
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longnine009's Avatar
United States
1247 Posts
 Posted 05/14/2005  07:47 am  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
Apparently they also make a *sincere* effort to try and find out what collectors like and produce it. Remember their $8 coin with the Polar Bear that also had an 8 on one of the legs? Those 8's were there because the Chinese believe it to be a lucky number. So you sell coins to people who like wild-life motiffs and Chinese coin collectors who like 8's. It was a brilliant idea and I hope it worked out for them.

The U.S Mint already has one strike against them with so many people heading into the Darkside and they have a second strike against them competing with the Royal Mints, who apparently, actually know what they are doing. Now what's going to happen if Mum steps down and William takes over the throne instead of Charles? Here the The Royal Mints will have a new figure head, after some 60 years and it will be someone that people, so it seems, pretty much like. That might be strike three for the U.S Mint.
Pillar of the Community
TheForce's Avatar
United States
4870 Posts
 Posted 05/14/2005  09:21 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I agree with you ND. Mint and proof sets are fine but if they're going to sell rolls of circulation coins, they should do so at face value. I really feel that the RCM is some stiff competition for the US Mint. I like the fact the RCM sells rolls, however I think they should be sold at face. The US Mint sells some rolls and those should be sold at face as well in my opinion. Also I think its rediculous that the US Mint sells bags way above face value. They are not dealers and should not charge a premium.

David
Edited by TheForce
05/14/2005 09:23 am
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