Coin collectors are a distinct and often under served shopper segment. They are loyal, they follow release calendars, and they spend well. Most local retailers never see them because they have no way into the category.
newsXpress is the only retail group in Australia with exclusive Mint partnerships. We hold relationships with the Royal Australian Mint, The Perth Mint, the New Zealand Mint, the British Mint and New Zealand Post. These partnerships are not available to any other newsagency marketing group. Through this work we have also developed and released our own limited edition collectible coins. The first release sold out.
For a local shop, the appeal is new traffic as much as margin. Products from the Royal Australian Mint appeal to a demographic that often already visits for newspapers or lottery. They just do not know the store stocks coins yet. Put the category in front of them and a weekly lottery customer can become a monthly collector.
We use Mint data to help members understand the collector audience and attract them to their stores. We have seen members go from selling no coins at all to $50,000 a year in coin revenue.
“The Supercars coins and the AC/DC coin sets helped us find new customers we had never seen in the store before. The Mint relationship from newsXpress has genuinely helped us grow.” — Nick Cassimatis, formerly newsXpress Caboolture, QLD
We also sell coins ourselves, in our own shops and online businesses. Ranges are tested in a live retail environment before we recommend them to members, so the advice comes from counters like yours rather than a brochure.
Coins will not suit every shop, and we will be upfront about that when we look at your situation. Where the category fits, it delivers something most categories cannot: shoppers walking through the door who have never been in before, for product they cannot buy at the supermarket.
Mint access is part of newsXpress membership, a flat $295 a month with nothing mandatory and no lock-in contract. To talk about whether coins fit your shop, call Michael Elvey on 0400 331 055 or email help@newsxpress.com.au.