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 Replies: 8 / Views: 3,265 |
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Valued Member
Canada
354 Posts |
With over 100 products only having a few hours left before they "are gone from the Royal Canadian Mint forever", I wonder if they will melt down or liquidate to a dealer who will slash the price. If they do destroy them, will they publically revise mintages? Because I already have some of the "Last Chance" products, my hope is they destroy and the mintage would be lower. What I think will actually happen is they will go to the secondary market at a huge discount. Be interesting to see where this goes. |
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Pillar of the Community
Canada
798 Posts |
My guess would be that it goes to the secondary market, like an asyn or someone like that. If they melt it, it is only worth $21/oz minus the cost of smelting. In the secondary market, they could get 40% of list price.
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CCF Master Historian of USA Commemoratives
 United States
12255 Posts |
Years ago, the RCM did dump excess inventory into the market via dealers. They stopped the practice, at least in part, because of the complaints received from collectors. I would hope they learned their lesson and would not restart their dumping practice now. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
3733 Posts |
Quote:
They stopped the practice, at least in part, because of the complaints received from collectors. anything to back up that statement, I know of at least 2 dealers, that clear out old RCM products, after the fact.. And they sell it for about 60% of list prices, including, stuff from 2 years ago.. |
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CCF Master Historian of USA Commemoratives
United States
12255 Posts |
@silverwolf: The info I reported came from a face-to-face conversation with a dealer who had previously been involved with the RCM. The conversation was at least 10 years ago, however, so things could certainly have changed in the interim. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
 Canada
354 Posts |
In the latest round of "Get them before they're gone" coins ending today, Aug 31, I think it's kind of strange to see 2019 coins in the mix.
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CCF Master Historian of USA Commemoratives
United States
12255 Posts |
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I think it's kind of strange to see 2019 coins in the mix. I agree, it does seem odd that the RCM would close the door on current-year products. I wonder if inclusion on the list is formula based: X number of weeks with unit sales lower than Y = Farewell List? Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
Canada
92 Posts |
Does the RCM mint coins on demand, or do they mint the full allotment in one run? If the former, does this mean that there could be coins that are not minted to their maximum quantity? |
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Pillar of the Community
Canada
798 Posts |
From what I understand, they mint the full allotment, try to sell it for a few years, and then melt it down.
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Replies: 8 / Views: 3,265 |
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Posted 07/31/2019 6:46 pm
