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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 01-30-2012, 08:33 AM   #1
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$20 Silver coins at Canadian Mint

sooo Canadian Mint released a new FV $20 silver coin selling for $20.

This time its the $20 Pure Silver Commemorative Coin - Polar Bear (2012).
$20 Pure Silver Commemorative Coin - Polar Bear (2012)

Limit 3 per household

use "Gazette 30" for free shipping..

You can also subscribe to reserve the next two $20 for $20 coin releases here.
2012 $20 for $20 Subscription
Limit 3 per household as well as usual. Guaranteed no taxes and free shipping..
Advertisement
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Old 01-30-2012, 10:07 AM   #2
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Sucks that getting an oz of bullion at the bank is still way cheaper than this.
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Old 01-30-2012, 10:12 AM   #3
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The purchase of these coins is not just for the metal. They are collector coins, and they are also legal tender. For $20 bucks (no taxes/shipping), you get a coin that's worth, at least, $20 CDN, when you receive it. Even if it doesn't appreciate in collector value, it's still worth 20 Canadian bucks. Buy it on your credit card and at least get some points!
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Old 01-30-2012, 10:44 AM   #4
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Sucks that getting an oz of bullion at the bank is still way cheaper than this.
what are you talking about? an oz is $33.50 spot right now.
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Old 01-30-2012, 10:49 AM   #5
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These coins are 7.98 grams if the math is right it's 1/4 oz.
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Old 01-30-2012, 10:53 AM   #6
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Yes it is that amount for an oz.. but the coin is not a full oz coin.

The mint is no longer a purely gov non profit operation and they are no dummy.. the silver coins of today are not as valuable in terms of metal than the coins of the past.

It cost them about $8 of silver to make a $20 tender coin.

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what are you talking about? an oz is $33.50 spot right now.
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Old 01-30-2012, 11:04 AM   #7
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Yeah, they're banking on people holding onto them.

I don't know why I keep buying these. LoL
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Old 01-30-2012, 11:12 AM   #8
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These coins are 7.98 grams if the math is right it's 1/4 oz.
yeah but theres a face value of $20 what part of that dont you understand?
you're buying a $20 coin for $20.

a 1oz silver coin is face value $5, so lets say one day silver tanks, your coin may only be worth $5 while this coin will always be worth at least $20.
not saying its an investment coin but you're not losing anything by owning them either.
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Old 01-30-2012, 01:56 PM   #9
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Thanks for the info.
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Old 01-30-2012, 01:56 PM   #10
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yay just bought this too!

did anyone else get a notice to subscribe for 2 more new 20$ coins as they release? (good if you dont always check their site). i just got that message, and i subscribed! i like these 20$ coins for 20$ hahahaha
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Old 01-30-2012, 02:05 PM   #11
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Thanks OP. Just bought some.. although I'm not sure why..
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Old 01-30-2012, 02:14 PM   #12
RS.net, where our google ads make absolutely no sense!
 
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Same, bought it and I don't know why
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Old 01-30-2012, 03:02 PM   #13
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The good thing is that you didn't really spend anything on them. You just did a swap. You're not out any money, and you can spend your $20 coin anytime. Although legal tender, businesses may not take it, but you can always swap it at the bank. If you decide to keep it, it may appreciate in collector value.
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Old 01-30-2012, 05:26 PM   #14
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I ordered three, and I know why.


Code wouldn't work for me, but used lower case "g" and it worked.
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Old 01-30-2012, 06:25 PM   #15
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basically an attempt to contract our money supply if they bank on us holding on to them?
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Old 01-30-2012, 09:08 PM   #16
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ordered 3, love these collectibles
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Old 01-30-2012, 11:16 PM   #17
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Ordered one just for the hell of it.
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Old 01-30-2012, 11:18 PM   #18
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just bought 3
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Old 01-31-2012, 12:04 AM   #19
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thanks for free shipping op.

is this on RFD yet?
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I'd probably blow someone for that 911
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Old 01-31-2012, 12:14 AM   #20
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The purchase of these coins is not just for the metal. They are collector coins, and they are also legal tender.
wait. so i buy with my credit card that gets me a a almost 2% return in travel credits...FREE MONEY?



edit: not much free money but free nonetheless
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Old 01-31-2012, 12:42 AM   #21
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i dont think so. its like buying currency, you wont get points for it.
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Old 01-31-2012, 12:48 AM   #22
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wait. so i buy with my credit card that gets me a a almost 2% return in travel credits...FREE MONEY?

edit: not much free money but free nonetheless
...........from the original 20 dolla coin thread.

http://www.revscene.net/forums/63787...ml#post7320075
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Old 01-31-2012, 12:52 AM   #23
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i dont think so. its like buying currency, you wont get points for it.
Would Mastercard or Visa even know or care?

Interesting thought. I just assumed you would get points.
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Old 01-31-2012, 01:02 AM   #24
Where's my RS Christmas Lobster?!
 
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Just ordered 3. One for the gf, and 2 for safe keepings (or anyone wants to trade )
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Old 01-31-2012, 02:19 AM   #25
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Would Mastercard or Visa even know or care?

Interesting thought. I just assumed you would get points.
+1 I don't think they care. Cause there's many more other products RCM sell that's beyond the price of legal tender / what its value at. If I'm not mistaken, I received points for the 3 x $20 I ordered last time.
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