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 Replies: 12 / Views: 1,686 |
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Pillar of the Community
Canada
1571 Posts |
I was under the impression that the RCM had cancelled the face value for face value sales when they ended the $20 for $20 series. However, they have the new Stanley cup quarters in 10 packs for $2.50. It's odd that the rolls of these same quarters with special wrap is $22.95. I guess the RCM is marketing towards new collectors as well as those that collect specifically rolls. |
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Pillar of the Community
Canada
5324 Posts |
Just a good cheap way of the RCM to get new customers, good for them. |
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Pillar of the Community
Canada
2984 Posts |
Not the same thing. The Stanley Cup quarter are circulation coins that you will see in your change soon. The $20 for $20 were NCLT.
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Pillar of the Community
 Canada
1571 Posts |
I know they are circulation coins, but that's what puzzles me more. Sold at face with free shipping means they must be losing money with each unit sold due to packaging, shipping, labour cost for quality control and distribution etc.,
I can only assume that part (if not most) of the reason $x for $x was canceled was people were cashing them it at banks. These circs can be used anywhere, even a vending machine.
The $x for $x at least recouped some money for the lower cost of production (1/4 oz silver for 4x the price), and difficulty cashing them in, in some cases.
Edited by Redzapsid
03/16/2017 9:49 pm
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Valued Member
Canada
206 Posts |
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Pillar of the Community
Canada
2845 Posts |
Aside from the difference between NCLT and circulation coin and seigniorage whereby it probably costs mere pennies to mint a 25c, also consider the sales volume involved -- Face Value Program, $20 x 300,000 mintage Stanley Cup 25c - 70,000 x $2.50 Apples and oranges. No risk, all upside. The selling of circulation commemorative coin packs at face is one of the few things the mint does very wisely because customers also buy other coins or sets at the same time. That said, to have a 1993 coin celebrating the 100th anniversary - https://www.cdncoin.com/product-p/55005023.htmThen in 2017 another celebrating the 125th anniversary is a sure sign that things do not add up. |
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Pillar of the Community
Canada
1571 Posts |
Yes I have.
I was not referring to the production cost of the actual coin, but rather the associated cost of packaging, labour, shipping, etc.
What I meant buy "losing money", to put it in the simplist form is, one could pay $5 for $5 and get the packaging, shipping and folder free.
I'm curious to know how much it actually cost to produce a 10 coin pack when all other factors are included.
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Pillar of the Community
Canada
1571 Posts |
WildflowerAB,
I only buy the face value coins now and don't add anything else.
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Valued Member
Canada
320 Posts |
There is a limit of one ten pack per person. Someone purchasing the 10 pack is more than likely going to purchase another item or two in order to reduce the shipping cost per item . It's a great marketing scheme.
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Pillar of the Community
Canada
2845 Posts |
Quote:
I only buy the face value coins now and don't add anything else.
Good for you! I'm an example of the other type. I bought a 10 pack but tossed in a 5-coin set to give to someone who I know is interested in finding out what the new circulation coins look like. It also enabled me to get free shipping because the 5-coin set is free shipping. |
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Pillar of the Community
 United States
3058 Posts |
Aren't the $20 for $20 coins that can't be spent?
So they aren't really $20 coins.
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Pillar of the Community
Canada
2781 Posts |
Quote:
Aren't the $20 for $20 coins that can't be spent? Can't be spent @ retail, but fully redeemable for $20 (they really are $20 coins!) Edited by Wade
03/17/2017 12:03 am
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Pillar of the Community
United States
3058 Posts |
Oh, thanks for the clarification.
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Replies: 12 / Views: 1,686 |
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Posted 03/16/2017 9:42 pm
