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Did RCM Misname This Coin?

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Author Previous TopicReplies: 14 / Views: 3,317Next Topic  
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McNickel's Avatar
Canada
261 Posts
 Posted 06/07/2017  07:02 am Show Profile   Bookmark this topic Add McNickel to your friends list Get a Link to this Message Number of Subscribers

Quote:
Last month, the Royal Canadian Mint unveiled a new silver coin honouring the 75th anniversary of the Dieppe Raid.

There's just one problem: the coin labeled the raid as a "Battle." And now veterans want the mint to take the coin back and correct it, even if it costs a lot of money.


Full Story

I have a lot of WWII books, when I checked chapter titles, none were called "Battle of Dieppe" they all referred to it as either "Dieppe Raid" or "Raid on Dieppe".
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loonielewy's Avatar
Canada
1765 Posts
 Posted 06/07/2017  09:14 am  Show Profile   Bookmark this reply Add loonielewy to your friends list Get a Link to this Reply
Too costly! I don't think there will be any blood shed recalling them, like the blood spilt in that raid. Honour the vets request, they did the sacrificing.
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"

In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 06/07/2017  11:23 am  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
Very interesting.

Not that Wikipedia is a great source but the first sentence on their page is "The Dieppe Raid, also known as the Battle of Dieppe, Operation Rutter during planning stages, and by its final official code-name Operation Jubilee, was an Allied attack on the German-occupied port of Dieppe during the Second World War."

I'd be surprised if the Mint didn't consult with Veterans Affairs on the series of 10 "Batttlefront" coins and I'd also be surprised if there is a "recall". I don't even know how they would pull that off because not many coin collector are going to voluntarily return their coin especially if they consider they might become rare or sought after.

Maybe this controversy will help sell the series.
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CoinCanuck94's Avatar
Canada
644 Posts
 Posted 06/07/2017  1:15 pm  Show Profile   Bookmark this reply Add CoinCanuck94 to your friends list Get a Link to this Reply
Although the right thing to do would be to recall the remaining coins and to change the text, the bottom line is the RCM is in it to make money and they will not do something that loses them money, especially when the hobby is suffering slow sales.
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Alex A's Avatar
710 Posts
 Posted 06/07/2017  2:33 pm  Show Profile   Bookmark this reply Add Alex A to your friends list Get a Link to this Reply
The RCM can always issue a second coin. I agree that may help sell the series.

Thanks.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 06/07/2017  7:29 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
How could they possibly recall the coins already sold? It's not a matter of cost. It is simply impossible for the ones sold to be returned since anyone with one already would simply say no
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McNickel's Avatar
Canada
261 Posts
 Posted 06/08/2017  10:48 am  Show Profile   Bookmark this reply Add McNickel to your friends list Get a Link to this Reply
with Redzapsid

I know if I had one of the coins and the Mint did decide on a recall, I'd never return my coin.

While I understand the Veterans position, it's unrealistic to think the Mint could recall all those coins. Hopefully they'll take comfort in the fact that the sacrifices made in Dieppe are being honoured. It would probably help if the RCM softened their stance on defending the use of the word "Battle" and apologized to the Veterans.


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canadian_coins's Avatar
United States
2408 Posts
 Posted 06/09/2017  9:29 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Sure, let me know when all the coins have been returned.

Then I'll think of returning mine.

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rjlavoie's Avatar
Canada
354 Posts
 Posted 07/24/2017  10:32 pm  Show Profile   Bookmark this reply Add rjlavoie to your friends list Get a Link to this Reply
Mint apologizes for commemorative coin veterans' group calls flawed
https://www.localxpress.ca/national...lawed-678813
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quasarito's Avatar
Canada
92 Posts
 Posted 07/25/2017  12:55 am  Show Profile   Bookmark this reply Add quasarito to your friends list Get a Link to this Reply
From the article:

Quote:
The mint produced 7,500 coins referring to the Battle of Dieppe, about half of which have been sold so far.


Assuming that includes coins that went out to dealers, then ~3750 are out there. How long do coins remain available from issue date before they are pulled from sales by RCM? If they were to do an about-face and pull them from sales (not recall them), would the number of coins currently out there be considered low mintage? How valuable would this (error) coin become?
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 07/25/2017  09:02 am  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
The RCM used to sell coins only for 1 year after the release date but that has since changed. They now have a section dedicated to past releases
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Coin_Operator's Avatar
United States
74 Posts
 Posted 07/25/2017  09:51 am  Show Profile   Bookmark this reply Add Coin_Operator to your friends list Get a Link to this Reply
Also, to issue a recall just makes the coin more desirable to collector's, thereby increasing its value.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 07/25/2017  11:24 am  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
There won't be a recall. How would they facilitate that?
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 07/25/2017  1:39 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
There won't be a recall. How would they facilitate that?


A recall will occur through pulling stock from its Mint Boutiques and stopping sales online.

It would be similar to the Canada Post stopping online orders and requesting their post offices to stop selling error stamps and send them back to the head office.

However, once the error stamps leave the post office in the hand of collectors there is no way to get them back and thus those recalled items become valuable.

The difference is how much pull do the RCM have with authorized dealers? Do they have the power to ask them to stop sales and return items? Probably not.
Edited by MoneyPenney
07/25/2017 1:42 pm
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Canada
2845 Posts
 Posted 07/25/2017  2:39 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply
No recall, apology only from the link rjlavoie posted, up above.

The mint said Monday it understands the concerns expressed by the veterans' group and apologized if the coin offended anyone. It also plans to produce a Dieppe Raid collector coin in 2018.



I think the mint made the best decision, in light of the unfortunate circumstances. A recall in my opinion would even be less respectful toward the vets because, as others have mentioned, the mis-named "Battle" coin would potentially become sought after for the wrong reasons - motivated by profit due to its official "error" status.

However the entire incident has promoted awareness of the Dieppe Raid in general, which is an outcome on the plus side. I also hope RCM learned the importance of proper consultation involving commemorative occasions.



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