I wish we could that here, I would like to rack up thousands of frequent flyer miles for next to no cost.
http://www.mint.ca/store/coins/the-..._for_20_2016_Silver_Coin_Collection&#QAHeader So they are selling Star Trek coins at face value and still can't make money. I think they have tested the limits of collectors, it looks like the only people interested in these coins were interested in the air miles only.
The $20 face value RCM coins are 1/4 oz silver only. I don't think many collectors are into 1/4 oz silver coins especially if they are prone to milk spotting.....maybe that's why sales were poor. .
I didn't notice any milkspotting but then the coins are pretty small. I will go back and have a look. They would have to pay for the silver and the license, but they wouldn't have to pay the $20 face value. I don't think they have to pay anyone $20 when they print a paper note so they probably have something similar in place for a $20 coin. If the coins were likely to be spent then it would cost them money for sure but I guess they never expected them to be spent or returned. It would lose them money when they have to give the $20 back to the unhappy customer because then the licence money would be wasted, but at least they would have the silver back. I Wouldn't mind picking some up at close to spot price but with a $20 face value they couldn't be sold for under $20 or they would keep getting cashed in at the bank. Shame as I wouldn't have minded buying an Australia version of this if they were to be come available but it looks very unlikely now.
