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02-24-2011, 05:10 PM
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#51 | I *heart* Revscene.net very Muchie
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Thanks murd0c. I just ordered 3.
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02-25-2011, 02:04 AM
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#52 | Banned By Establishment
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I ordered a long time ago probably even before it was posted on rfd and got it yesterday. It seems so small and thin compare to a silver maple leaf. Here is a picture of a quarter, silver maple leaf, and the $20 silver coin. The silver maple leaf is worth about $35 silver value. The $20 coin is worth about $8 silver value. The Canadian Mint is probably laughing at us selling us $8 worth of silver for $20
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Last edited by DJ Milk; 02-25-2011 at 02:29 AM.
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02-25-2011, 05:58 AM
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#53 | Fathered more RS members than anybody else. Who's your daddy?
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The coin may have 8 bucks worth of silver, but still......... The mint is selling a coin at face value. There's costs involved with designing, striking, packaging, sending, etc. the coin. It will never bring any collector more than face value unless there is some significance in its design or if silver prices skyrocket to some ridiculous price. In ten or more years, the coin may yeild 15 bucks, if that, at auctions. Still, the banks have to give you 20 bucks "real" cash for the damn thing. People collect all kinds of shit for all kinds of reasons. At least with this one, all you lose is the time you took to order it and the huge amount of space it takes up. I hope this uncirculated coin at least comes in some kind of container, LOL.
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02-25-2011, 08:16 AM
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#54 | In RS I Trust
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It big thing about the coin is it's only available to Canadians so all of the american collecters are really trying to get their hands on them. That's who I bought them for. He said 200k is not many and with them being legal tender they will be worth money in the future.
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02-25-2011, 08:25 AM
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#55 | I *heart* Revscene.net very Muchie
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Originally Posted by Snoop Monkey Monk The Canadian Mint is probably laughing at us selling us $8 worth of silver for $20 | Who's laughing when they issue a small piece of paper with $100 printed on it and "sell" it for that amount?
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02-25-2011, 04:43 PM
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#57 | I STILL don't get it
Join Date: Jun 2004 Location: vancouver
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I just received mine in the mail today
Ordered on the first day it was available
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02-25-2011, 06:22 PM
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#58 | Banned (ABWS)
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^ Do you remember appx. the date of this "first day" ?
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02-26-2011, 03:06 AM
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#59 | Need my Daily Fix of RS
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Originally Posted by hirevtuner | Actually, you could also lose out because your $20 silver coin is not fully hedged against inflation, the silent killer of an economy. At current silver prices, there is about $8.40 worth of silver in that coin, so the price of silver will have to more than double before this becomes a smart investment (but by then you wouldn't be able to buy it). Crucially, if you speculate that silver prices will indeed double in the near term, you'll be better off investing in silver directly, without having to hold physical silver at home or where ever you keep your coins.
The coin looks shiny though. I like shiny things.
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02-26-2011, 03:20 AM
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#60 | Need my Daily Fix of RS
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Originally Posted by Mancini Isn't that like complaining that your $20 bill will get taken for face value, when the paper and ink clearly isn't worth that much? | Not precisely, depending on how you view money. Unlike a $20 silver coin (BTW: it's not limited edition because the Canadian mint have been making them, and making a profit on them, for over a decade now), a $20 bill is something I will deposit in a bank and invest, having the $20 work for me via various investment vehicles. A $20 coin, by contrast, is something I have to worry about misplacing, forgetting, or having stolen. I have a friend who likes silver, but he buys bricks of it (like real bricks) and keeps them under his coffee table |
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02-26-2011, 04:05 AM
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#61 | Banned (ABWS)
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^ for the 23479234th time, this coin is NOT meant to be an investment |
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02-26-2011, 08:32 AM
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#62 | xxx
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iono about you guys but I only bought three coins just to collect points on my card.
I'm depositing them right back into the bank when I get them |
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02-26-2011, 03:04 PM
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#63 | I *heart* Revscene.net very Muchie
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Originally Posted by DOHCVTEC A $20 coin, by contrast, is something I have to worry about misplacing, forgetting, or having stolen. | I already have a safety deposit box in which I keep valuables. And there's definitely a novelty factor in having a collection that you can pull out to display if you want. I purchased a number of different silver coins over the last few years. Most of them are not rare or particularly valuable or low mintage but they've still nearly doubled in value. Viewed purely as an investment they've done better than anything else I have. Quote:
Originally Posted by T.T iono about you guys but I only bought three coins just to collect points on my card.
I'm depositing them right back into the bank when I get them | I thought about this too. I got points on my card at no cost to self.
In all likelihood you'll eventually be able to sell these coins on ebay for some profit.
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02-26-2011, 10:07 PM
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#64 | I contribute to threads in the offtopic forum
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Originally Posted by Mancini I already have a safety deposit box in which I keep valuables. And there's definitely a novelty factor in having a collection that you can pull out to display if you want. I purchased a number of different silver coins over the last few years. Most of them are not rare or particularly valuable or low mintage but they've still nearly doubled in value. Viewed purely as an investment they've done better than anything else I have.
profit. | Same logic as what I have. Doubling in value is a lot better then a lot of investments people do, so I dont know why people knock it. Plus if currency ever tanks or world goes to hell in a hand basket, people wont take paper for barter, but they will take precious metals (Silver/gold/etc) like they have for thousands of years. Always a backup plan, no matter how unlikely that may seem at the time.
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02-26-2011, 10:15 PM
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#65 | I contribute to threads in the offtopic forum
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Originally Posted by DOHCVTEC Not precisely, depending on how you view money. Unlike a $20 silver coin (BTW: it's not limited edition because the Canadian mint have been making them, and making a profit on them, for over a decade now), a $20 bill is something I will deposit in a bank and invest, having the $20 work for me via various investment vehicles. A $20 coin, by contrast, is something I have to worry about misplacing, forgetting, or having stolen. I have a friend who likes silver, but he buys bricks of it (like real bricks) and keeps them under his coffee table |
So silver he bought in 2003 for $4 bucks, and 2009 for $10 bucks is now worth $30 an ounce, id say his investment was amazing returns wise if he cashed in right now.
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05 Escape Limited *Sold*
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02-26-2011, 10:53 PM
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#66 | Diagonally parked in a parallel universe
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This is a very controversial coin from the mint. I believe it's a quick cash grab from the mint. They stopped production on the regular silver maple and made this 1/4oz silver coin.
On the mint's standpoint, they are make a huge profit by selling u 1/4 oz of silver for 20bucks. About 250% profit on the metal. But all they have to do is stamp it as 20 bucks. But the real value is only 8bucks.
On a consumers standpoint, it could be a good value because u think it's worth 20 dollar at all time. But, again, i'm not sure if it will be a circulated currency and if the vendors or shop owners will accept it as 20 dollar. You may argue that it's stamped $20, but could u really use it as $20? No one guarantee it. However, it's different on the regular silver/gold maple leaf because everyone knows that 1troy oz of silver is > $5, and 1troy oz of gold is >$50. So, almost anyone on earth will take SML or GML for bread or butter in exchange. So, now... Come to think about the real world about the SML and GML, what's the determining factor if a vendor will accept the coin as payment? It's the real value of the metal.
Would u take a 1oz SML as $5 payment or a 1/4oz silver coin as $20?
So, go figure if u can really use it as $20 at war times or when the world currency tanks.
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02-26-2011, 11:02 PM
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#67 | I contribute to threads in the offtopic forum
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Well no matter if vendors or shops will take it for its face value, a bank will. My gf works at a bank and people come in a lot asking what their gold or silver coin is worth, thinking the bank takes it for its gold or silver value, but leave pissed off cause the bank deals purely with its stamped value. You will always get $20 from the bank for your $20 dollar coin, but your $50 dollar gold coin with $1500 in gold will only fetch you $50 at a bank, so you will need to find a collector to get its value (its illegal to deface the queen, so it cant technically be melted down either).
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02-26-2011, 11:16 PM
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#68 | Diagonally parked in a parallel universe
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^ guess your gf doesn't work for Scotia or BMO nesbitt burns. Just refer those customers to VBCE or Border Gold to get that $1500.
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02-26-2011, 11:43 PM
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#69 | The RS Freebie guru
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Originally Posted by CRX SiR Well no matter if vendors or shops will take it for its face value, a bank will. My gf works at a bank and people come in a lot asking what their gold or silver coin is worth, thinking the bank takes it for its gold or silver value, but leave pissed off cause the bank deals purely with its stamped value. You will always get $20 from the bank for your $20 dollar coin, but your $50 dollar gold coin with $1500 in gold will only fetch you $50 at a bank, so you will need to find a collector to get its value (its illegal to deface the queen, so it cant technically be melted down either). | I don't think that's universally true... because someone on RedFlagDeals had a differing story. They said their bank DID offer to pay the value of the metal, or face value, whichever is higher.
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02-26-2011, 11:47 PM
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#70 | Even when im right, revscene.net is still right!
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didnt bother reading all three pages, but you can go to the MINT downtown Van, and buy it in person. It still has the 3 coin limit thou.
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02-27-2011, 12:30 AM
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#71 | hoppity HOP HOP
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02-27-2011, 01:05 AM
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#72 | I contribute to threads in the offtopic forum
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Originally Posted by InvisibleSoul I don't think that's universally true... because someone on RedFlagDeals had a differing story. They said their bank DID offer to pay the value of the metal, or face value, whichever is higher. | That could vary by branch or company. But as far as I know they are legally obligated to accept all canadian currency at face value. (stores most times wont take old paper money, but a bank will). Them buying coins for their silver or gold content isnt required but some may do it to get in on that market.
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08 Mazdaspeed 3
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07 RAV4 Limited V6 *Sold*
90 CRX *Sold*
B16A, larger throttlebody and wires, lowered, 16" rims, front and rear upper strutbars, intake, white gauges, cross drilled brakes, exhaust, other small mods
05 Escape Limited *Sold*
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02-27-2011, 05:05 PM
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#73 | I STILL don't get it
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Originally Posted by RevRav ^ Do you remember appx. the date of this "first day" ? | It was Feb 1st when I got the email from the mint .. site was super slow
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03-01-2011, 12:16 PM
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#74 | RS controls my life!
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i got mine today aswell.
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03-01-2011, 04:18 PM
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#75 | Hyde's Understudy
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patiently waiting,,
wait, if i'm patiently waiting, i should't be checking this thread that often
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