Question About Annual Mint Report NCLT Quantities

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SolarPenny Valued Member Canada 234 Posts	Posted 03/10/2015 11:31 am I just recently found out that the mint posts these reports online to look it and have been going through the statistics sections for NCLT. From what I understand so far the quantity listed for each coin is the number of that coin the mint has sold in that particular year, and therefore each coin usually shows up in 2 annual reports. What I am wondering is for coins that don't sell out through the mint is the final mintage for that coin the total number of coins that the mint has sold in those two years? For example, the 2013 Year of the Snake $5 gold coin has a mintage of 18888 according to the mint website. In the 2012 annual mint report they state that they sold 1826 of these coins. Then in the 2013 report they state they sold 1168 of these coins. So for the years 2012 and 2013 the mint has sold a total of 2994 coins. Assuming they didn't sell any in 2014 because the coin now has "archived" status, does that mean the true mintage of the coin is approximately 3000? Or is there still another 15,894 of these coins out there that still haven't been sold? Report this Post to the Staff

Northerncoins Pillar of the Community Canada 2019 Posts	Posted 03/10/2015 11:49 am No one knows for sure but some coins span 3 years on the mints reports. Depends on release date and if the mint makes a "set" from slow moving coins such as they did with the Allegory coins. For instance the 2013 baseball coins, still waiting for the 2014 report for finale figures but they were not a good seller so I don't expect many sold on the 2014 report, been hoarding them every time a sale comes up lol, Figure I can at least get my money back , well I hope anyways. Edited by Northerncoins 03/10/2015 11:50 am Report this Post to the Staff
Liverpool Pillar of the Community Canada 576 Posts	Posted 03/10/2015 11:50 am Awesome question SolarPenny, I look forward to reading this topic as it progresses. thank you Liverpool Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12303 Posts	Posted 03/10/2015 12:29 pm @SolarPenny: A good question that is always worth revisiting. The mintage figure posted on a coin's page on the RCM web site is the maximum number of coins that are available for that particular piece. It does not mean that all of them will be struck. In fact, the RCM generally strikes the coins in smaller batches based on expected/actual sales volume. The figures presented in the RCM Annual Reports are the sales figures for each coin. To determine a coin's final actual mintage, add up all of the sales figures from the Reports. If the RCM has stock of an issue after its sales period (one year) is over, the stock is melted/destroyed. The number of melted/destroyed coins is not included in the Annual Report figures. Most of the RCM's coins do not sell out their maximum available mintage and so are a bit more "scarce" than some believe. (I use the "scarce" term with caution as most of the RCM's modern NCLT releases are not close to being truly scarce!) It usually takes the standard reference catalogs a couple of years to catch up (they initially publish the "maximum available" figure and then revise it later to reflect the final sales figure.) Hope that helps! Collecting history one coin or medal at a time! (c) commems. All rights reserved. Edited by commems 03/10/2015 12:31 pm Report this Post to the Staff
SolarPenny Valued Member Canada 234 Posts	Posted 03/10/2015 12:47 pm Thanks commems, that clears it up quite a bit. So when you say that the mint melts any stock they have left after its sales period does that mean that they will never strike any more of that particular coin? Going back to the year of the snake coin if they sold 3000 and the maximum mintage was 18888 and say hypothetically in 5 years the demand for this coin becomes very high and the price skyrockets, is the mint able to strike more of these coins as long as they don't go over the maximum mintage they initially published? Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12303 Posts	Posted 03/10/2015 2:56 pm Quote: So when you say that the mint melts any stock they have left after its sales period does that mean that they will never strike any more of that particular coin? Going back to the year of the snake coin if they sold 3000 and the maximum mintage was 18888 and say hypothetically in 5 years the demand for this coin becomes very high and the price skyrockets, is the mint able to strike more of these coins as long as they don't go over the maximum mintage they initially published? Unless the RCM changes its current policy, once the 12-month sales period for a particular coin is over, it will not strike any additional coins. The Perth Mint did this a few years back with its Kookaburra silver bullion coins and there was quite a collector backlash over it. I doubt the RCM would go down a similar path. All that said, there would be nothing stopping the RCM from striking the same NCLT design with a new date as that would make it a different coin. Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
SolarPenny Valued Member Canada 234 Posts	Posted 03/10/2015 3:39 pm @commems: Okay good to know, I didn't think the RCM would do it but just wondering if it was something they could do if they wanted. @Northerncoins: I just looked up the sales for those baseball coins in the annual reports, they really didn't go over well. Could be a really good thing for you in the future if you have quite a few since they actual mintage is significantly lower than the mints maximum mintage! Report this Post to the Staff
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