Realcent.org

http://www.mint.ca/store/product/product_exchange.jsp?itemId=prod1040001&rcmeid=KrauseEmail_11Feb03_BestSellers

7.96 g of pure silver .9999 $20 face value for $20

Pretty cool even if they are very low risk of loosing/making money out of them.

i think thats great

Im getting three (the limit) and Im sure I could get my girlfriend to get three as well

Wow. That's the smartest thing I've seen ANY government do in a LOOOOOONG time! I'll bet the demand for those will go haywire up there.

Warning to fellow Canucks - these cost face value and include free shipping, but are subject to sales tax and GST.

So this is what they were talking about at the RCM Store in Vancouver today. They released them last Monday and prompty sold out. They suggested I come in on Weds to trade a $20 bill for $20 face coin with 1/4 of silver in it. I'm all over that!

Absolutely genius move by the Canadian government. Wow, wow, wow.

How will the Harmonized Sales Tax (HST) affect my purchase?
Further to Nickelmeister's post, I found this on the Mint's site:

"Following the implementation of harmonized sales tax (HST) regimes in Ontario and British Columbia on July 1, 2010, all gold and silver products meeting the following conditions will be HST exempt:

Minimum purity must be 99.5% for gold and platinum and 99.9% for silver;
Products must be in bar, ingot, coin or wafer form; and
Coins satisfying minimum purity levels must have also been issued by a government authority as legal tender.
For further information, please visit the Canada Revenue Agency's website at http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-eng.html "

I ordered, no taxes, no shipping, just $20 a coin. Fantastic deal! This is not going to resell at face value ever.

Specifications

MintageLimited to 200000 coins worldwide
Composition99.99% pure silver
Finishspecimen
Weight (g) 7.96 (7.96 grams = 0.28 oz)
Diameter (mm) 27
Edgeserrated
Certificatenot serialized
Face value20 dollars
ArtistCosme Saffioti (reverse), Susanna Blunt (obverse)

However there is always someone in the room who thinks it's a bad idea: https://www.kitcomm.com/showthread.php?p=1220777

"Product $20 Fine Silver Commemorative Coin (2011) cannot be shipped to: United States"

Am tempted to try purchasing and having them shipped to a friend up there.

I have a thousand dollars in Canadian coinage I don't know what to do with.........(in the US)

Boy, would I love to buy silver with it......

Maybe this will take off and become more available.

I am about 8 hours from the border. (Delaware)

Road trip!

Side note:

I have plenty of experience canoeing on Ontario and Quebec whitewater rivers. Last time I asked a Canadian on a river if he knew where Delaware was, he said "sure, south of Albany"

He knew he was being funny, great line.

Then he proceeds to tell us about special upper undergarment his wife uses...., I got a very animated video tape of the story while we were sharing whiskey, on a river island, after a week of 40 degree rain and monster water.

Side note 2:

When in the Canadian wilderness, tobacco products are the barter currency, especially in French Quebec if you are an American....
Whiskey is silver to tobacco's gold status.

0CD

JadeDragon wrote:How will the Harmonized Sales Tax (HST) affect my purchase?
Further to Nickelmeister's post, I found this on the Mint's site:

"Following the implementation of harmonized sales tax (HST) regimes in Ontario and British Columbia on July 1, 2010, all gold and silver products meeting the following conditions will be HST exempt:

Minimum purity must be 99.5% for gold and platinum and 99.9% for silver;
Products must be in bar, ingot, coin or wafer form; and
Coins satisfying minimum purity levels must have also been issued by a government authority as legal tender.
For further information, please visit the Canada Revenue Agency's website at http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-eng.html "

I ordered, no taxes, no shipping, just $20 a coin. Fantastic deal! This is not going to resell at face value ever.

Specifications

MintageLimited to 200000 coins worldwide
Composition99.99% pure silver
Finishspecimen
Weight (g) 7.96 (7.96 grams = 0.28 oz)
Diameter (mm) 27
Edgeserrated
Certificatenot serialized
Face value20 dollars
ArtistCosme Saffioti (reverse), Susanna Blunt (obverse)

However there is always someone in the room who thinks it's a bad idea: https://www.kitcomm.com/showthread.php?p=1220777

I just ordered too and was charged PST in Manitoba (7%).

You are correct that proper "bullion" is exempt from all taxes in Canada, however this coin is considered semi-numismatic and still attracts Provincial Sales Tax.
In fact, even gold/silver maples which are "special issues" (ie Privy marks, Olympic designs) are subject to tax as they are considered collectibles.

Nickelmeister wrote:

JadeDragon wrote:How will the Harmonized Sales Tax (HST) affect my purchase?
Further to Nickelmeister's post, I found this on the Mint's site:

"Following the implementation of harmonized sales tax (HST) regimes in Ontario and British Columbia on July 1, 2010, all gold and silver products meeting the following conditions will be HST exempt:

Minimum purity must be 99.5% for gold and platinum and 99.9% for silver;
Products must be in bar, ingot, coin or wafer form; and
Coins satisfying minimum purity levels must have also been issued by a government authority as legal tender.
For further information, please visit the Canada Revenue Agency's website at http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-eng.html "

I ordered, no taxes, no shipping, just $20 a coin. Fantastic deal! This is not going to resell at face value ever.

Specifications

MintageLimited to 200000 coins worldwide
Composition99.99% pure silver
Finishspecimen
Weight (g) 7.96 (7.96 grams = 0.28 oz)
Diameter (mm) 27
Edgeserrated
Certificatenot serialized
Face value20 dollars
ArtistCosme Saffioti (reverse), Susanna Blunt (obverse)

However there is always someone in the room who thinks it's a bad idea: https://www.kitcomm.com/showthread.php?p=1220777

I just ordered too and was charged PST in Manitoba (7%).

You are correct that proper "bullion" is exempt from all taxes in Canada, however this coin is considered semi-numismatic and still attracts Provincial Sales Tax.
In fact, even gold/silver maples which are "special issues" (ie Privy marks, Olympic designs) are subject to tax as they are considered collectibles.

Hmmm.....taxing the purchase of money....invention of a Rothschild? Opposite of the shekels of Tyre?


Maybe the Canadian silvers aren't so ugly...

0CD

So you got hit with MB Provincial tax. That stinks. No taxes in BC on the coins at all (same reason you did not get hit with GST).

Anyone in Canada interested in buying some for fellow realcenters south of the border?

oktyabyr wrote:Anyone in Canada interested in buying some for fellow realcenters south of the border?

I'm going to see how many they will sell me at the Mint store on Weds. Than I'll see if I can spare some.

If anyone from the US wants to buy three and ship them to one of my Canadian addresses, I don't mind re mailing them from the US or Canadian side of the border if you will cover the ongoing postage. PM for my address in Canada if you want to attempt this. Shipping from the mint is free and there are no taxes if delivered to a BC address.

My wife scored three $20 coin today from the Mint Store. She had to fill out a form but they exchanged $20 bills for $20 coins straight across. The coins come in a plastic capsole inside a cardstock case. The whole thing is sealed with a sticker. We opened one cover up and found a little certificate of authenticity that lists the coin specs (9999 silver, 7.96 grams etc). It also talks about the Maple Leaf being the symbol of Canada and the maple leaves on the coin forming a c for Canada moving into the future.

My question is - what are these coins really worth? Obviously face to a Canadian that can order them off the Mint site, but than what?

I'm gonna try the mint here in Winnipeg tomorrow.
I'll pick up a couple hundred if possible. Keep y'all posted.

Current spot price of silver per kitco.com as of 11:43 pm cst Feb. 9th, 2011 is listed as $30.13/toz. This coin lists as 0.255919 toz, so 30.13 x 0.255919 = 7.7108394 or roughly $7.71. $20 for $7.71 worth of silver? Doesn't seem like much of a deal to me..... (coin lists as 7.96 grams which converts to 0.255919 troy ounces).

gothboi30 wrote:Current spot price of silver per kitco.com as of 11:43 pm cst Feb. 9th, 2011 is listed as $30.13/toz. This coin lists as 0.255919 toz, so 30.13 x 0.255919 = 7.7108394 or roughly $7.71. $20 for $7.71 worth of silver? Doesn't seem like much of a deal to me..... (coin lists as 7.96 grams which converts to 0.255919 troy ounces).

I agree with the math, but even if silver goes to $5 an oz you are still holding $20 face. I'll trade a $20 paper bill for a great looking $20 coin made of 9999 fine silver every day all day. It's a can't lose deal - kind of like getting copper pennies for face value. You still have your penny even if you can't get copper value out of it.

Look like they are making a lot of publicity for it

I receive this in the mail yesterday :

JadeDragon wrote:

gothboi30 wrote:Current spot price of silver per kitco.com as of 11:43 pm cst Feb. 9th, 2011 is listed as $30.13/toz. This coin lists as 0.255919 toz, so 30.13 x 0.255919 = 7.7108394 or roughly $7.71. $20 for $7.71 worth of silver? Doesn't seem like much of a deal to me..... (coin lists as 7.96 grams which converts to 0.255919 troy ounces).

I agree with the math, but even if silver goes to $5 an oz you are still holding $20 face. I'll trade a $20 paper bill for a great looking $20 coin made of 9999 fine silver every day all day. It's a can't lose deal - kind of like getting copper pennies for face value. You still have your penny even if you can't get copper value out of it.

Exactly. You have the potential upside of silver and numismatic value with unlimited downside protection of your capital (at least in dollar terms).

didou:
My ignorance is about to show but, regarding the adverisement for the coin, are there folks who don't read English up there, only French?

Okay so how do we petition the U.S. mint to do this?

franklin wrote:didou:
My ignorance is about to show but, regarding the adverisement for the coin, are there folks who don't read English up there, only French?

I know you were addressing Didou, but allow me to respond. Almost all of our printed material in Canada is bilingual, especially anything government related. Advetisements, packaging, brochures, product instructions, etc. We truly are a bilingual country, which is kinda cool.

franklin wrote:didou:
My ignorance is about to show but, regarding the adverisement for the coin, are there folks who don't read English up there, only French?

Canada have 2 official language : English and French. As Nickelmeister have said they are forced by laws to provide all service in both language (advertisement, politics, laws enforcement, ...). The official language of the Québec province is French, 80% of people spoke only that and don't know English at all. That's around 6.3 million Canadian.

Canada is divide in 2 by this and the French speaking part is trying since many generation to keep control over the population by passing bills to force them into speaking French only and isolated from the rest of the world. They control what you pass on t.v. and radio, what you can sell in a store and even the school your children must attends. They have try twice to get their independence from the rest of the Canada and currently trying to modify the Charter of Liberty to keep people speaking only French and have control over them. It's a never ending battle that started a few hundred years ago when France settle here.

http://en.wikipedia.org/wiki/Charter_of ... h_Language

Awesome for you Canadians out there!! You can always go spend it for face value if you had to & not lose. No dice for Americans, we cant go spend that at the store. Silver would hafta go up to like 90/oz. to breakeven for us.