Posted 05/10/2013 09:02 am
Building upon what kuh_85 said...
Every NCLT coin has at least four numbers to consider:
1. Maximum Mintage: the mintage figure posted on the RCM website with each advertised coin; it represents the maximum number of coins the RCM will produce
2. Production Mintage: the number of coins actually produced; the RCM doesn't necessarily produce the Maximum Mintage of each coin it sells
3. Sales Total: the number of coins in the Production Mintage that are actually sold/distributed by the RCM (including those sold to dealers)
4. Melt Total: the number of Production Mintage coins that are left unsold/undistributed by the RCM after a year
For example, let's take a coin with a Maximum Mintage of 20,000. The RCM might produce 10,000 coins to meet its expected initial demand for the coin and then wait to see how sales of the coin go before producing additional coins. If sales are slow, no additional coins may be needed. If sales are good, additional production runs are scheduled. Let's say the coin proves not to be popular and it only sells 7,000 coins at the end of one year, the remaining inventory of 3,000 would be melted or otherwise destroyed.
In the Charlton NCLT catalogue, the most recent coins listed often initially have the Maximum Mintage figure listed. As final sales data for each coin becomes available via the RCM's Annual Report, the "mintage" figures in the catalogue are updated to reflect the actual number of coins distributed into the market.
Hope that's helpful!
Every NCLT coin has at least four numbers to consider:
1. Maximum Mintage: the mintage figure posted on the RCM website with each advertised coin; it represents the maximum number of coins the RCM will produce
2. Production Mintage: the number of coins actually produced; the RCM doesn't necessarily produce the Maximum Mintage of each coin it sells
3. Sales Total: the number of coins in the Production Mintage that are actually sold/distributed by the RCM (including those sold to dealers)
4. Melt Total: the number of Production Mintage coins that are left unsold/undistributed by the RCM after a year
For example, let's take a coin with a Maximum Mintage of 20,000. The RCM might produce 10,000 coins to meet its expected initial demand for the coin and then wait to see how sales of the coin go before producing additional coins. If sales are slow, no additional coins may be needed. If sales are good, additional production runs are scheduled. Let's say the coin proves not to be popular and it only sells 7,000 coins at the end of one year, the remaining inventory of 3,000 would be melted or otherwise destroyed.
In the Charlton NCLT catalogue, the most recent coins listed often initially have the Maximum Mintage figure listed. As final sales data for each coin becomes available via the RCM's Annual Report, the "mintage" figures in the catalogue are updated to reflect the actual number of coins distributed into the market.
Hope that's helpful!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
