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 Replies: 47 / Views: 12,144 |
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Moderator
 Australia
16850 Posts |
Quote:Why would the RCM mint these items with Niue Island on the obverse. Did they back out of the deal and now they are trying to sell them off within Canada Low mintage on this stuff btw. Why Niue and not Canada? I suspect because the Canadian government was unconvinced of the relevance of celebrating the work of an American cartoonist on a Canadian coin. But the RCM's marketing department wanted to make the coin anyway and they know that sales would not be very good if it was sold merely as a "mint medal". So they sought out a "flag of convenience", some cash-strapped country that would agree to give it the coveted Legal Tender stamp in exchange for a slice of the profits. Now the RCM can advertise it as a "legal tender coin", and hope that few of their regular customers notice that it's actually legal tender somewhere else. Perth Mint, Pobjoy Mint, National Collectors Mint and the other private mints all do this, as they churn out "coins" with all kinds of themes. Perth Mint's flags of convenience are Tuvalu, Cook Islands and Uganda; Pobjoy uses Gibraltar and the Isle of Man; NCM uses Somalia and Liberia. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
 Canada
9865 Posts |
I beleive the currency of Niue Island is the New Zealand dollar.Is the $25 value of the gold coin $NZ? With a mintage of 2000 there is more than one coin per person on Niue island and the value of the coins is possibly more than their GDP.I hope that their government struck a good deal with the RCM and won't have to accept any unsold garish coins as legal tender in their country. |
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Pillar of the Community
Canada
1733 Posts |
The isle government is likely in for bullion plus 10%. Anything not sold will be melted into something else.
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Pillar of the Community
United States
2734 Posts |
The Gold coin is a lot better: Only Snoopy himself is 'colorized'!
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Pillar of the Community
 United States
2408 Posts |
Revisiting old threads... WOW! This coin actually sold out!   |
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New Member
Canada
22 Posts |
I'm still waiting for The Simpsons coin!
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Pillar of the Community
United States
2408 Posts |
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Pillar of the Community
Canada
1581 Posts |
> Just for starters, I totally object to non Canadian content being put on Canadian coins..you think they are targeting the kids market with this one? (1) It's a 5 troy ounce silver medallion. I don't know why the RCM are referring to it as a coin. That requires a denomination. (Hence it isn't NCLT) (2) It isn't Canadian. It's issued on behalf of the Niue Island (Rock of Polynesia). Although, I expect it was produced by the RCM. http://www.mint.ca/store/coin/5ounc...0-prod940002 |
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Bedrock of the Community
United States
10045 Posts |
Quote:
Just for starters, I totally object to non Canadian content being put on Canadian coins. As an American collector, I'd also prefer seeing subjects that have actual Canadian context. I can only guess the RCM is trying to expand their market with "ET" and "Peanuts" coins? I tend to think better quality collector coins generate more long-term interest, whether minted in Canada, US, Australia...anywhere. |
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Pillar of the Community
Canada
838 Posts |
 Oh man... I feel like selling my coin collection (and handing in my passport while I'm at it)! |
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Bedrock of the Community
Australia
21788 Posts |
It seems that Mints in their search for profits, have given NCLT a bad name.
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Bedrock of the Community
United States
10045 Posts |
In retrospect, I consider this more interesting than something plastered with US trademarks.  |
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Pillar of the Community
Canada
838 Posts |
Yeah even ol' Bessie the triangular cow-coin is looking pretty good now compared to the Peanuts thing.  Edited by bibd
01/05/2011 01:45 am
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Valued Member
Canada
322 Posts |
Now I may be wrong...but these coins are listed under COINS OF THE WORLD..these are not Canadian coins...IF you take the time to read the spec's ....I think you will agree...Most of the coins in that section SOLD OUT...some buyers liked them....
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Pillar of the Community
United States
2408 Posts |
Koin, you are correct. I never took the time to look the obverse... When I saw this peanut I just couldn't imagine the RCM would print something like this on 5 ounces of pure silver (same specs as the 2006 4 seasons $50 coin). Anyways, it sold out. So I suppose this is a success and everyone should be happy now. |
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Replies: 47 / Views: 12,144 |
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Posted 06/06/2010 01:23 am
