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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 02-16-2011, 06:00 PM   #1
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$20 Canadian Coin

I had a buddy in the states email me today asking for a favor. Well it turn's out the Canadian mint came out with a $20 99.9% pure silver which is actually legal tender.

http://www.mint.ca/store/product/pro...Id=prod1040001

For those collector's our their I thought you would be interested or in the coming months you get a $20 coin from the store it's not fake
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Old 02-16-2011, 06:01 PM   #2
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It's cool, but I'd probably spend it on chips and a slurpee.
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Old 02-16-2011, 06:07 PM   #3
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They've been making $20 silver coins for decades. Pretty much any gold / silver coin made by any government mint is legal tender and can technically be spent at the pub. And I'm not talking about melting down the coins either.

What that said, this one doesn't look half bad.
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Old 02-16-2011, 06:20 PM   #4
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Nice, will order one and use it as my new card protector.
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Old 02-16-2011, 06:21 PM   #5
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They've been making $20 silver coins for decades. Pretty much any gold / silver coin made by any government mint is legal tender and can technically be spent at the pub. And I'm not talking about melting down the coins either.

What that said, this one doesn't look half bad.
sure, but if its a 1oz silver coin, its only worth $5 even tho 1oz right now is worth over $30. they'll take it for face value which means you're getting ripped off.
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Old 02-16-2011, 06:22 PM   #6
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Nice, will order one and use it as my new card protector.
what do you mean by this?


at it is likely that your order will be cancelled. they only minted 200,000.
And this has been on redflagdeals for awhile. so i'm sure they're at their limit.
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Old 02-16-2011, 06:35 PM   #7
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what do you mean by this?


at it is likely that your order will be cancelled. they only minted 200,000.
And this has been on redflagdeals for awhile. so i'm sure they're at their limit.
I play poker quite a bit, I'd like to use it as a card protector. I put the order through and it appeared to go through but if they cancel it that's fine it's not like it cost me anything.
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Old 02-16-2011, 06:42 PM   #8
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i dont mind keeping one or two of this
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Old 02-16-2011, 07:22 PM   #9
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I play poker quite a bit, I'd like to use it as a card protector. I put the order through and it appeared to go through but if they cancel it that's fine it's not like it cost me anything.
Ohhh, I get it.
Makes sense now.
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Old 02-16-2011, 08:13 PM   #10
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it's only 1/4 oz. and a 200,000 mint is huge from a collectors standpoint. (IE not a collector coin)

so really it's woth about $7

go buy yourself a real 1oz coin
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Old 02-16-2011, 08:37 PM   #11
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i think im gonna buy one for my grandfather as he collects coins lolol
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Old 02-16-2011, 08:42 PM   #12
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sure, but if its a 1oz silver coin, its only worth $5 even tho 1oz right now is worth over $30. they'll take it for face value which means you're getting ripped off.
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it's only 1/4 oz. and a 200,000 mint is huge from a collectors standpoint. (IE not a collector coin)

so really it's woth about $7

go buy yourself a real 1oz coin
A lot of people don't understand here....

This coin is meant for collectors.
Not something one would buy, and sell it 5 months down to road to get a profit.
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Old 02-16-2011, 08:47 PM   #13
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oh i thought it was $20 worth of silver so something like 18g of silver (damn i remember when silver was like $5/oz parents wouldnt listen to me when i said buy silver -_- dumbasses)
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Old 02-16-2011, 09:05 PM   #14
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Thanks OP for the link. Just bought myself 3 of them, thought it might make a nice little gift.
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Old 02-16-2011, 09:58 PM   #15
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3 myself too, thanks OP!
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Old 02-16-2011, 10:00 PM   #16
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who cares what the "value" of the coin is... this world turns based on our over valuation of goods.
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Old 02-16-2011, 11:49 PM   #17
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purchased three. thanks, OP


it's legal tender, so who cares if it ain't worth the amount of metal used to make it.
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Old 02-17-2011, 01:34 AM   #18
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it's legal tender, so who cares if it ain't worth the amount of metal used to make it.


Agreed. If you want a higher ROI by raw materials and manufacturing costs alone, buy pennies

http://www.snopes.com/business/money/pennycost.asp
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Old 02-17-2011, 01:50 AM   #19
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Thanks op I'll probably get one
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Old 02-17-2011, 02:01 AM   #20
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even tho is legal tender, will all places accept this... not everyone knows about this $20 coin... that might be a problem...
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Old 02-17-2011, 02:38 AM   #21
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even tho is legal tender, will all places accept this... not everyone knows about this $20 coin... that might be a problem...
Nope, but the bank will for sure. Just order a bunch, rack up points / cash back on your credit card. And then deposit the $20 back into the bank
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Old 02-17-2011, 08:03 AM   #22
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good idea lol I sure want those points
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Old 02-17-2011, 08:19 AM   #23
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I had mine shipped via XPresspost. I have no confidence in the post office - letter carrier is probably on crack (missing/stolen mail, delivered to wrong address, etc.). At least with Xpresspost, there's tracking.

My wife's replacement credit card is 3 weeks late in arriving. Another one was shipped, but has not arrived either.
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Old 02-17-2011, 08:46 AM   #24
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A lot of people don't understand here....

This coin is meant for collectors.
Not something one would buy, and sell it 5 months down to road to get a profit.
actually i do understand. i only said that because people are going on about it being legal tender and how u can walk into a store and spend it.
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Old 02-17-2011, 10:09 AM   #25
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sure, but if its a 1oz silver coin, its only worth $5 even tho 1oz right now is worth over $30. they'll take it for face value which means you're getting ripped off.
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?
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