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How does Canada control the release of limited mintage coins?
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<p>[QUOTE="John Burgess, post: 8094554, member: 105098"]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.</p><p><br /></p><p>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.</p><p><br /></p><p>Look at the 2019 Pride of two nations set, total mintage 110K, 100K for U.S., 10K for canada.</p><p><br /></p><p>U.S. set issue price $139.95</p><p>Canada set price $189.95CAD (= $149.31USD)</p><p><br /></p><p>the U.S. version self for around $140.00 - $150.00 now.</p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><a href="https://www.mint.ca/store/coins/pez-elf-silver-wafers--dispenser-gift-set---mintage-5000-2021-prod3800103" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.mint.ca/store/coins/pez-elf-silver-wafers--dispenser-gift-set---mintage-5000-2021-prod3800103" rel="nofollow">https://www.mint.ca/store/coins/pez-elf-silver-wafers--dispenser-gift-set---mintage-5000-2021-prod3800103</a></p><p>[ATTACH=full]1407077[/ATTACH]</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 8094554, member: 105098"]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. [URL]https://www.mint.ca/store/coins/pez-elf-silver-wafers--dispenser-gift-set---mintage-5000-2021-prod3800103[/URL] [ATTACH=full]1407077[/ATTACH] 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.[/QUOTE]
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