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 Replies: 20 / Views: 8,177 |
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Valued Member
Canada
304 Posts |
The new loonie commemorating the Montreal Canadians 100th year is out. My local grocery store is giving them out in their change, covered in bag marks and scratches, yay. My question is, why does the RCM web site: http://www.mint.ca/store/coin/montr...9-prod570001indicate a mintage of only 10,000? Under "Specifications" it even states "Mintage: Limited to 10000 coins worldwide". They also indicate mintages of 10,000 for lucky loonies but the real mintage was 10,000,000. And why would anyone pay the RCM $45 for a roll of 25 loonies? You'd have to be loonie to pay that when you can get the same thing at a bank for $25. |
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Bedrock of the Community
Canada
10743 Posts |
malibu, the RCM is a business, you would be surprised how many people will buy a roll of loonies for $45.00  and, as far as the mintages, they never get them right. |
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Valued Member
Canada
386 Posts |
It does not make good business sense to pay someone to design a special coin, produce the matrix, make the dies, launch a marketing campaign, produce the coins and get a measly return of only $10,000. I think they will produce millions. I think 10,000 is the initial mintage. Typical sales tricks (used by the RCM, Franklin mint and others) to get people to buy more than they would normally buy are: limited mintage, limit 2 per customer, after 60 days the dies will be destroyed, etc. Edited by 1945V
03/13/2009 09:42 am
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Pillar of the Community
Canada
4227 Posts |
I'm betting the 10,000 mintage applies to the specially packaged roll of loonies in your link. I haven't looked into it, but I would bet the mintage for the actual coin to be much higher. If this is a circulating coin (I haven't checked, but it sounds like it is from the posts in this forum), it won't be limited to 10,000.
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Valued Member
Canada
241 Posts |
If you can get one do it! price will double up or more for those coins.
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Valued Member
 Canada
304 Posts |
 The 10,000 is only for specially packaged rolls. They'll make $200k on paper wrappers that probably cost $100 to make. Brilliant marketing! I just got back from my local Metro where they kindly agreed to sell me a full mint roll, but it's wrapped in plastic so it only cost $25.00...  With any luck I'll pull a couple of MS-60's out of there, and hoard or trade the rest. I've got 32 if anyone wants some. |
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Pillar of the Community
Canada
617 Posts |
It does look like this will be a good coin to get your hands on if you can regardless of the mintage. My guess is that, just like the Terry Fox , everyone will want one as a keepsake and before too long they will disappear.
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New Member
Canada
34 Posts |
I just got a roll from my local metro too.
Does anyone know why they differentiate between the paper and plastic rolls?
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Pillar of the Community
Canada
965 Posts |
Are these only available in PQ? Should I bother trying to find a Metro here in ON?
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New Member
Canada
34 Posts |
My guess is that they are only available in Quebec, but its worth a try to check out you local Metro.
(Worst comes to worst you just hop the border and pick some up.....depending on how far you are from QC)
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Valued Member
Canada
53 Posts |
So is this like when those poppy quarters were distributed exclusively by tim hortons? I wasn't too impressed with that scheme personally.
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Valued Member
Canada
242 Posts |
Looks like they will produce 10 million of the loonies, thats what I've heard of the TV last night wile watching the Game....
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Valued Member
Canada
304 Posts |
The Montreal Gazette reports this morning that Metro has distributed 3 million Habs loonies so far and is sitting on another 4 million. The other 3 million "are to be distributed across Canada via banks and other institutions", no word on exactly where or when.
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Pillar of the Community
Canada
868 Posts |
So from what I see at the RCM site they are charging an extra $ 20.00 just for the wrapping I din't know that a little piece of paper and a little print cost this mutch.  |
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Pillar of the Community
Canada
1082 Posts |
"So is this like when those poppy quarters were distributed exclusively by tim hortons? I wasn't too impressed with that scheme personally."
Well, at least Tim Horton's is all across the country. Where are these Metro stores located?
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Pillar of the Community
Canada
598 Posts |
Tim's eh... I got my poppies from Shoppers Drug Mart in Ontario. I thought they were the only original distributors; they also have postal outlets and that's why I figured they were distributing cuz postal outlets are/were often the first outlets to do so. And let's not forget Petro Canada for the Olympic quarters!(?)  I also picked up 3 Montreal Canadiens mint roll fresh loonies on ebay for $9CDN including shipping. They're out there but you hafta put in some effort to get a decent price.  Quote:
Where are these Metro stores located?
WpgLwr
I take it they're in Quebec? Edited by IBGolden
03/29/2009 9:53 pm
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Replies: 20 / Views: 8,177 |
Posted 03/13/2009 09:41 am
