How can the RAM sell coins at face value?

Started by JeffH, May 07, 2018, 05:14:27 PM

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Hercules

Quote from: 'Mister T' pid='115414' dateline='1527068861'Hopefully they do a sufficient number of these events then - I think it's been a couple of years since once came to south east Queensland (it was for one of the coloured $2 coins I think).

From memory, they were in Toowoomba in 2016 and Brisbane in 2017. Both times, I went there to get a counterstamped coin with the map of Australia on it. I'm pretty sure they also sell the bags at the Ekka. If you don't go to the Ekka, you can always ask someone to pick them up for you. :)

Quote from: 'Sapyx' pid='115419' dateline='1527079356'But the Mint always makes a loss on an unsold-and-destroyed NCLT coin, as it's put in all the cost of design, die-making, blank preparation, striking, advertising etc, all for nothing.

Thanks for the clarification, Sapyx. I guess that's why most collector coins have low mintages – to reduce losses. :winkextra: