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by **JadeDragon** » Tue Mar 28, 2017 11:04 pm

So I own a few of these. They make nice gifts and rewards for kids and it allows me to collect RCM coins at a lot less then the other issues - like $20 instead of $79. But how does one sell them? http://canadiancoinnews.com/legal-tende ... ing-heads/

by **Bigjohn** » Wed Mar 29, 2017 12:41 am

I think these are a long term hold. By the time you have to sell, hopefully they are either collectible enough to sell on feeBay at a nice premium or silver prices have surpassed $80/oz for you to get bullion value and still profit. Worst comes to worst, you should be able to get face value for them (at least in theory and probably in limited locations in Canada............that might or might not have others lining up to do the same depending on market conditions)

by **johnbrickner** » Wed Mar 29, 2017 3:06 am

I would find that portion of The Currency Act that "specifies that it is not the Mint, but the government of Canada that is responsible for redeeming coins." along with the part that says the coins are legal tender in Canada.

And include it with the coins and my tax returns when paying what I owed in taxes.

by **knibloe** » Wed Mar 29, 2017 7:22 am

I like the coins as well. I bought several for myself and my family at Christmas. I would buy more (potentially lots more) if their legal status was cleared up.

by **JadeDragon** » Wed Mar 29, 2017 11:34 pm

One day I was asking for weird or old coins at a bank and they said "we have some silver" which of course is music to my ears. I ended up buying a few $20 for $20 coins and some pre-loonie dollars etc from the bank. So it is possible to deposit them at some branches because evidently that is how I ended up with some of my collection.

I also expect you could spend them at a coin shop or the RCM store but have not asked.

by **coppernickel** » Thu Mar 30, 2017 1:50 pm

I got one as part of a trade. They look and feel too much like the old silver quarters.

by **AdamsSamoa** » Thu Mar 30, 2017 3:16 pm

Sell them on here

by **coppernickel** » Thu Mar 30, 2017 6:11 pm

AdamsSamoa wrote:Sell them on here

That is the best plan. :thumbup:

by **JadeDragon** » Sun Jun 25, 2017 5:42 am

Apparently you can redeem them at the mint. The program has been cancelled and the Mint is loosing money on the redemptions. I doubt a lot of people are going directly to the mint, more likely depositing at RBC or other banks. http://www.cbc.ca/beta/news/politics/ro ... -1.4119986

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