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 Replies: 15 / Views: 3,491 |
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New Member
Canada
10 Posts |
The 2015 Annual Report is available on the MRC website, A FIRST! the mintage of the NCLT coins produced in the year is no longer available...
Last year this information was in a separate document, but available with the 2014 report.
Anyone know how to find these information?
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Pillar of the Community
Canada
6768 Posts |
This is probably effort of RCM to move to the "itemization" of the NCLT. Meaning, maximum of mintage worldwide will be mentioned with the coin (with the possibility of increase by demand), and never the final mintage will appear or taken in account. Of-cause this just assumption, but together with continuous NCLT over-flood - it is very possible scenario. |
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Pillar of the Community
Canada
2845 Posts |
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Anyone know how to find these information?
I think this would an excellent question to put forth to RCM. In an era of pledged government transparency, to suddenly discontinue the reporting of quantity sold doesn't jive. |
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Pillar of the Community
Canada
3690 Posts |
Possible that they just haven't posted it yet...but well worth inundating the RCM with question of why? Charlton certainly will need that information. How about this: " During the year, the Mint issued 243 numismatic coins and achieved 72 sell-outs by the end of the year." YIKES! |
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Pillar of the Community
Canada
2845 Posts |
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"During the year, the Mint issued 243 numismatic coins and achieved 72 sell-outs by the end of the year." YIKES!
I noticed that. YIkes is right! Yet glancing at their website, they give the perception that sellouts are a routine happening:  While I haven't paid much attention to what appears on the sellout list, it must include the entire last year, plus the current. |
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Pillar of the Community
Canada
1027 Posts |
I cannot believe that the RCM would issue more than the maximum mintage posted per coin. If ever this were to be found, a class action lawsuit could ensue and heads would roll. Also as mentioned above, Charlton needs the info for their publications. Transparency is a MUST!! |
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Pillar of the Community
Canada
3690 Posts |
FYI, I sent a general inquiry on Wednesday asking when the figures would be published. The reply was that they are (now) aware and may publish the figures at a later date. I'd expect that it's just a matter of time before they post the table as they did last year.  Edited by CC-Ottawa
05/13/2016 12:54 pm
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Pillar of the Community
Germany
992 Posts |
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I'd expect that it's just a matter of time before they post the table as they did last year. Let's hope you're right. I am very interested in how many coins were actually produced -- NCLT and circulation coins! |
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New Member
19 Posts |
I've seen the totals for each circulation denomination here: http://www.mint.ca/store/mint/about....V2RCB7srLcuClick the denomination and scroll all the way to the bottom of the page. Unfortunately these are only the totals. There are no breakdowns for commemorative coins like in previous Annual Reports. |
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Pillar of the Community
Canada
3690 Posts |
I contact the Mint and was assured last month via both e-mail and voice message that the numismatic quantity sold table would be put on the Mint's website. I guess the Ottawa sinkhole gobbled up all the information.
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Pillar of the Community
Canada
3690 Posts |
So I was told via voice message in May that the Mint would publish the 2015 sales table 'soon'. It's been nearly 6 months and still nothing. Two weeks ago, I e-mailed the person who made that commitment and have yet to receive a reply. Is it really going to cost me the $5 ATI fee to file an access to information request?! http://www.mint.ca/store/mint/about....WBjEf-QzUr0Really what can the Mint be thinking...are they expecting Charlton or another reference company to pay for that information? Do they think mintage numbers are not important to the hobby? Or are they hiding something?  My patience is running low. lol Maybe they will send the report along with the free wooden case I was promised over 2 months ago.  |
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Pillar of the Community
United States
4869 Posts |
I think and this is just my thought here but I think mintages for Canadian coins to be a complex thing. How do you balance mintage numbers from coins being melted by the alloy recovery program? It's like mintage numbers vs. actual remaining numbers.
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Pillar of the Community
Canada
3690 Posts |
ARP is circ coins (not NCLT). Mintage versus survival numbers is always a concern but they are very different animals.
Frankly, for NCLT, the Mint of late has only published sales....not necessarily mintages. There are always questions about accuracy but the something we used to get is better than the nothing we got for 2015.
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Pillar of the Community
Canada
2845 Posts |
If RCM is not able to publish "Quantity Sold" of NCLT releases, they really must be having problems. NCLT Sales $ appearing on their Annual Reports should be the cumulative dollar amount of Quantity Sold of each release. |
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Pillar of the Community
Canada
3690 Posts |
I'm sure they are 'able to' they just aren't. lol
I actually have taken their quantity sold numbers in previous years and tried to reconcile with reported revenue. Of course that doesn't exactly work probably because reported revenue is net of returns and allowances (possibly deferred revenue) etc. In the world of auditing and materiality, close is close enough for a financial report.
I would much rather see an accurate production report of numbers produced (and I'm sure they have that information but simply don't disclose it) rather than a financial report of quantities sold. However 'quantity sold' seems to be the standard, well at least until 2015.
Edited by CC-Ottawa
11/01/2016 2:14 pm
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Pillar of the Community
Germany
992 Posts |
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I would much rather see an accurate production report of numbers produced (and I'm sure they have that information but simply don't disclose it) What's so frustrating and annoying about this situation is the fact that they have given the actual production figures (circulation and NCLT) for many in their reports. Now they suddenly stopped.  ATI, is that the Canadian equivalent of the US ''freedom of information act?'' If so, in my eyes, these C$ 5 would be a good investment. Edited by redlock
11/01/2016 2:31 pm
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Replies: 15 / Views: 3,491 |
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Posted 05/11/2016 5:27 pm
