Recently they released the 2021 Canada 1 oz Silver The Grey Wolf. With a mintage of 4500 and an issue price of $129.95 CAD (~ $99 USD) you would think their website would be bogged down, there would be bots trying to make purchases, and it would be sold out in 1 minute. Did anyone try to buy one on the issue date? What was your experience? https://www.mint.ca/store/coins/1-o...the-grey-wolf---mintage-4500-2021-prod3800016 Edit: Something like this from the US Mint would be a train wreck.
They put out a ton of stuff and give discounts to big buyers but most of the stuff ends up cheaper on the aftermarket. Very few things you really need to actually try and get right away. They're kind of their own little market (a much smaller market than the US by far) with their own grading services and everything else. They'll put out countless things a year with mintages like that or even lower, its just not something a collector needs to chase from them
Canadian, from what I can tell, coin collecting isn't that big of a thing for them. they have collectors, but those collectors don't collect like we do, most of the world doesn't collect like we do, they collect foreign coins and not their own countries coins. U.S., and this is just my opinion, is almost unique in that the collectors here as a whole, we collect our own countries coins. other countries collectors might hang on to some domestic issued coins, but their interests tend toward other countries issues. I wouldn't be surprised to find out that the Canadian collector issue coins are mostly bought up by U.S. collectors. Look at the 2019 Pride of two nations set, total mintage 110K, 100K for U.S., 10K for canada. U.S. set issue price $139.95 Canada set price $189.95CAD (= $149.31USD) the U.S. version self for around $140.00 - $150.00 now. the Canadian version, for the packaging variant ONLY since it's the exact same coins, sell for $300 and I'll guarantee you, near all of them are being sold to U.S. buyers from savvy Canadian sellers that bought up hundreds of the Canadian sets, and realistically, probably savvy U.S. buyers in bulk also, heck probably near all of them, knowing there would be people wanting it for the variant packaging here. and yeah, here a mintage of 4,500 would be a train wreck, so would a mintage of 45,000. LOL. Canada struggles to sell out with mintages over 3000 for any particular precious metal issue. I will say this, they got a hell of a marketing department, some of the items they offer are pure genius, they flop on the secondary market, but things like this blow my mind. https://www.mint.ca/store/coins/pez...nser-gift-set---mintage-5000-2021-prod3800103 Seems like they do better selling precious metals, non-coin items like the PEZ, Star Wars, a silver compass, snow globes, collector items than they do selling out the actual coins.
That's just simply not true at all. Canada is just simply a small country who does things differently with their own grading services that limits their market to basically just them. It has nothing to do with them not collecting their own coins (that applies to every country), its just a population and numbers issue combined with doing things there own way and pumping out probably the most material than anyone or at least at the high end of the rankings especially for a country with fewer people than California alone You couldnt be more off base. Basically EVERY country (excluding third world and places people cant afford to or arent allowed to) is the biggest collector of their own material. The most British collectors are in GB, France, Germany, Japan, Australia etc all the same. They ALL collect their own material more than foreign
The Elf Pez isn't exclusive the the RCM. APMEX sells it. The RCM is different from the USMINT in that it acts as a reseller of products it doesn't make.
The US mint has sold products it didnt make before with the joint country sets, but yea Canada and England as as dealers as well in a lot of way. England even sells graded coins
