Quote:but I just checked that a product with launch date 5 Feb 2019 has already sold out on
mint.ca website.
The
RCM provides advance notice to frequent shoppers. This is called the Masters Club and depending on your annual spend, you can get up to 5 days notice of new products before official launch. In the case of sought after coins, they can often be sold out before official launch though some come back on sale when folks return or have a change of heart.
Another source of pre-sale is the various dealers who will often have the products available for a day or two after launch in the case of sought after coins.
Oh and by the way, the launch date is not always the ship date. I noticed the Viola Desmond Coin and Bill set was released in February but the ship date is June 25. Sigh.
So you can have an item pre-released Jan 30, that is sold out by the launch date of Feb 4 that doesn't ship until June 25 that is again available in July when the purchaser gets it in hand and doesn't like it so returns it for a full refund.
All of that said, very few and far between are the silver products that retain their issue price or appreciate over a 5-10 year period and if you are prepared to wait, you can pick items up at auction for as low as 50% of the original issue price if you want to wait long enough; regardless of the short term bubble. Gold is different; it tends to retain its issue price or even appreciate and it isn't as readily available in the secondary market after it initially sells out or is withdrawn, probably due to lower mintages and a lower melt value multiple which can allow the melt value to catch up to the issue price over time. e.g. none of the $20 NCLT issues from the
RCM (usually an ounce or thereabouts) has an issue price as low as the current price of Silver. The original 22K gold $100 issues from 1977-1986 were all issued below the current melt and trend for melt value, not a bad alternative to Half Maples.
Posted 02/04/2019 3:42 pm
