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2013 Year Of The Snake Coin $20

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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 10/22/2012  10:22 am Show Profile   Bookmark this topic Add CC-Ottawa to your friends list Get a Link to this Message Number of Subscribers
Anyone else just get this MC e-mail?

Just released with 128888 mintage with only 28k for North America and it's already 78% sold out?

Only 7.96g of Ag for $32? Specimen finish. Looks like a 20 for 20 except it's a 20 for 32.

Edited by CC-Ottawa
10/22/2012 10:25 am
Valued Member
Canada
373 Posts
 Posted 10/22/2012  10:41 am  Show Profile   Bookmark this reply Add taro-chan to your friends list Get a Link to this Reply
Ya, I just got this too. I don't remember seeing this until today. Too high of a mintage for me. I have to see it in person to see what this 3 finish is about.
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BiBo's Avatar
Canada
1189 Posts
 Posted 10/22/2012  11:07 am  Show Profile   Bookmark this reply Add BiBo to your friends list Get a Link to this Reply
mintage is too high. the coin looks ugly. PASS.
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jpaiva83's Avatar
Canada
567 Posts
 Posted 10/22/2012  11:16 am  Show Profile   Bookmark this reply Add jpaiva83 to your friends list Get a Link to this Reply
I have not received a MC email in like 6 months.
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jpaiva83's Avatar
Canada
567 Posts
 Posted 10/22/2012  11:20 am  Show Profile   Bookmark this reply Add jpaiva83 to your friends list Get a Link to this Reply
The URL is:
http://www.mint.ca/store/product/pr...=prod1570001
Of course, if you don't have MC status.....

Valued Member
Canada
389 Posts
 Posted 10/22/2012  11:32 am  Show Profile   Bookmark this reply Add bmxboy to your friends list Get a Link to this Reply
The coins is actually really detailed, scale to scale on the snake I personally think will look great in hand
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12261 Posts
 Posted 10/22/2012  11:43 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
I received the email this morning as well. It was surprising to read a "pre-sale" notification that included an announcement that already 78% of the mintage was sold! I wonder if this refers to the entire mintage of 128,888 or only to the 28,000 available for North America? Dealers in Asia must be stocking up!

The RCM does a really nice job with incorporating multiple finishes on a single coin - I was impressed with its work on the Calgary Stampede dollar, for example ��" I bet the multiple finishes they claim for this highly-detailed Snake coin will be attractive as well. The RCM's efforts with this multi-finish technology proves that painting on color is not the only way to enhance a coin's surfaces and overall eye appeal.

I do find it a bit disappointing, however, that the RCM doesn't seem to care about the relationship between a coin's denomination and its size/weight. This new release is the same size and weight as the recent War of 1812 "Heroes" silver coins (Brock and Tecumseh) but it has a denomination of $20.00 while the 1812 coins have a denomination of $4.00. To me, this is just another example of how modern NCLT "coins" are really just medals with symbolic denominations stamped on them to make them more attractive to collectors.


EDIT: Just occurred to me to "do the math" re: the 78% sold. The 28,000 coins available in North America represent about 22% of the total mintage. So, the 78% already sold appear to be what has already been spoken for by Asian (and possibly European) dealers â€" essentially all of the coins available for the NA market appear to still be available from the RCM.

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
10/22/2012 2:11 pm
Pillar of the Community
Canada
789 Posts
 Posted 10/22/2012  11:43 am  Show Profile   Bookmark this reply Add shopaholic to your friends list Get a Link to this Reply
I think it has the best design I have seen so far, even better than the lotus shape one. Too bad it is so small, imagine a 5oz or kilo coin of this design.. that would be awesome... btw where will the remaining 100,888 coins be sold?
Valued Member
cheney's Avatar
Canada
200 Posts
 Posted 10/22/2012  11:48 am  Show Profile   Bookmark this reply Add cheney to your friends list Get a Link to this Reply
So where is 78%? Goes to China, Japan, Korea and all the East Asia?

The coin is not ugly IMO. It looks good in details. I ordered one as a gift quickly.
Edited by cheney
10/22/2012 11:53 am
Valued Member
stampking's Avatar
Canada
112 Posts
 Posted 10/22/2012  12:23 pm  Show Profile   Bookmark this reply Add stampking to your friends list Get a Link to this Reply
I will pass this one. Actually I don't collect any of Chinese Zodiac coins from the Mint. They just have too high mintage.
Rest in Peace
Dcadon's Avatar
Canada
1360 Posts
 Posted 10/22/2012  2:07 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
I don't understand why it differs from the previous 'dragon' coin. I would have liked an affordable set of 1/2 ounce silver $10 coins

This one is $20, and about 1/4 ounce - why would they not make it similar to the dragons?
Valued Member
cheney's Avatar
Canada
200 Posts
 Posted 10/22/2012  2:17 pm  Show Profile   Bookmark this reply Add cheney to your friends list Get a Link to this Reply
1/2 ounce silver $10 snake is there! CAD39...I just like the design of this coin better...

http://www.mint.ca/store/coin/year-....UIWNi-640sc
Pillar of the Community
Canada
871 Posts
 Posted 10/22/2012  2:43 pm  Show Profile   Bookmark this reply Add jsinger21 to your friends list Get a Link to this Reply
Are there any other new coins being released to MC members?
Valued Member
Canada
389 Posts
 Posted 10/22/2012  3:15 pm  Show Profile   Bookmark this reply Add bmxboy to your friends list Get a Link to this Reply
no theres not jsinger
Valued Member
Canada
389 Posts
 Posted 10/22/2012  3:16 pm  Show Profile   Bookmark this reply Add bmxboy to your friends list Get a Link to this Reply
although remembrance day coins should be coming out soon
Valued Member
Canada
234 Posts
 Posted 10/22/2012  5:55 pm  Show Profile   Bookmark this reply Add ksimms3 to your friends list Get a Link to this Reply
^^ True, I'm going to wait until they release a couple new coins. The zodiac coins from the mint have very nice work put into them but for some reason it doesn't do it for me. Iv been trying to unload mine.
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