Where Is The May 2016 RCM Face Value Issue Of $200.00 For $200.00?

Although I know nothing about a May $200 for $200, I notice that not all NCLT is released right at the beginning of the month.

It is my understanding that any coin at the mint, is taken off the web site after a year. This could explain a coin appearing last week, and gone this week, if it was issued a year ago. Although, they usually have a notice of 'get them before they are gone!'

My apologies New, this is now the month of June! Indeed, May was last month, reminder to self to flip the calendar page!

The Rugged Mountain $200 was #14 for the last two weeks. It's seems possible it did sell out.
https://goccf.com/t/261739

But I notice it had a limit of 2 per household. So limits on XforX is not just a recent thing?

The 200/200 officially cancelled for 2016.

The next 100/00 probably will be cancelled for 2016. ( It was supposed to be an Elk)

This is what the RCM meant about taking action against the adjustment of over 8 million dollars face value redemption, in their first quarter. Those that played the game to achieve higher status with MC only via purchasing these coins will no longer be able to BUY AND RETURN to banks. Really is sad. I love those 200/200 coins.

8 million dollar redemption should include all $ for $ coins.

Wondering any impact on secondary market on current existing $200 for $200 coins if RCM decided to permanently discontiue $200 for $200 program?

The math says one single sold out issue, mintage of 300,000 X $20 = $6 million. The $ amount that's been minted and sold over the past 5 years has to be well into the hundreds of millions so it clearly was not an adjustment to account for redemptions of all XforX.

According to RCM's press releases the $8.7 million was only for "recent returns":

"A first quarter adjustment of $8.7 million was recognized to account for recent returns of face value coins, causing overall Numismatics revenues to decline nearly 8% in Q1 2016, compared to the same 2015 period. Management is taking steps to mitigate sales returns in the future."
http://www.mint.ca/store/news/la-mo....V1CFjpDOerU

Within the financial statement I recall it being mentioned the figure accounts for returns over two quarters (6 months).

The deadline for MC status deadline is June 30th, 2016. The new start date for next cycle is July 1st, 2016.

My rep says he keeps asking management for a letter and nothing has been forthcoming as of yet. I told him how upset I was that he did not inform me about the cancellation.

He said he was sorry and that he would re-order me the 100/100 face value coins should RCM issue them in October; however, on my subscription order for this series, it currently shows that the 100/100 Elk has been cancelled.

The 25/25 face value coin subscription appears on the website, so that will go through.

You are so right wildflowerAB. A government organization can do whatever they want and not even inform their clientele. As you say, they probably thought no one would notice. I did notice because of the advance order form I filled out last Decrmber. What a bunch of cowards.

The Mint stated in the report, "Management is taking steps to mitigate sales returns in the future."

Could this mean that down the road, the coins can only be redeemed like a gift certificate for Mint products directly with the Mint? That sentence scares me that perhaps down the road, the banks will not accept them at FV for deposits.