Canadian Mint new 'bullion'

[franklin]

Thanks for the explanations. I had semi-researched the question and found that there are 2 official languages but didn't know if it was just a formality to include French. I now know.

[wiper]

i'm not catching what the canadian government gets out of this?

[blackrabbit]

Damn you Cunucks! This American peasant wants some of these coins! Very good idea. I am not sure about the whole Canadian government but the Royal mint makes a tidy profit and this is brilliant marketing/ advertisement for them.

[frugalcanuck]

i'm not catching what the canadian government gets out of this?

Well they are making a tidy profit out of this. I would sell 7g's of silver for $20 all day.. or atleast until silver goes too high to make that profitable.

I think its great. Its kind of a win win for everyone involved. The problem with all this publicity is Im constantly reminded that my coins havent come in the mail yet.

[Copper]

I think the government is doing this so the Canadian realcenters have 60 bucks less to buy pennies and nickels with, that way they can extract and sell the copper and nickel (ARP), and make money on silver they bought for $10 in 2008 Ha ha I just ordered three!

[Rodebaugh]

yeah....very cool. I will have to keep an eye out on the bay for one of these coins.

[beauanderos]

Maybe the Canadian government knows something the rest of the world hasn't recognized yet... the true value of silver? $117.73 an ounce (which is what you're paying). But perhaps they expect the manipulations to suppress the price to come to a quick end? This could actually be a devious way to keep silver from depleting more rapidly than it already does. Spend your $60 on three of these... instead of two full ounces of .999 silver maple leaves? Uh, uh... no thanks.

[JadeDragon]

No, I'm going to profit on this deal. There is no way that these coins will go lower than the face value we are paying. Would you not prefer a solid silver coin over a piece of paper.

[blackrabbit]

I'll pay 21 bucks for one!

[beauanderos]

No, I'm going to profit on this deal. There is no way that these coins will go lower than the face value we are paying. Would you not prefer a solid silver coin over a piece of paper.

Yes, they are a superior way to hold money than paper is. But why would you tie up much money (opportunity cost) other for then a few of these as novelty coins? I will admit it's a progressive step forward from some savvy marketing people within the RCM. Anything that hastens the depletion of above-ground silver supplies (and therefore causes the shorts to have to cover) wins my approval. And, yes... I would prefer a SOLID silver coin, not one that contains only a few grams.

[Treetop]

Wow, If I could get those at face value, or a U.S. made a similar coin, I would have something to hedge my silver bets......

[frugalcanuck]

I just noticed 3 in the mail when I returned home from the mint where I was purchasing 3.

[barrytrot]

This coin is amazing! I wish they would do that will all coinage! Put a little "real metal" in there to make it collectable. It's genious and simple at the same time

[fasTT]

Got my 3 in the mail today.

Very well done RCM. About time you made something worth the money.

[tbram88]

yeah....very cool. I will have to keep an eye out on the bay for one of these coins.

Here ya go kinda steep at $33.00 USD http://cgi.ebay.com/2011-20-CANADA-PURE-SILVER-MAPLE-LEAF-COIN-ROYAL-MINT-/280633526770?pt=LH_DefaultDomain_0&hash=item41570fc9f2

$4.75 P/Gm. shipped wow!

Beautiful coin though, I would probably pay $30.00 but that's it.

[Treetop]

id love to have a grand in these or so. Much better then a stack of FRNs at the house. it keeps me from tapping into it, but also it will always be worth something. Id get a stack of them even at $50 face for a 1/4 ounce.

In reference to what beauanderos said. i dont think this would alter the course to much for most PM holders. what it could do though is get a bit of silver into hands of people who might not save it otherwise, which is a good thing.

[Diggin4copper]

I picked up 3 just to have.. had to pay a premium to get them onto US soil....

[highroller4321]

i'm not catching what the canadian government gets out of this?

Well they are making a tidy profit out of this. I would sell 7g's of silver for $20 all day.. or atleast until silver goes too high to make that profitable.

I think its great. Its kind of a win win for everyone involved. The problem with all this publicity is Im constantly reminded that my coins havent come in the mail yet.

They could also make a $20 out of steel and make even more money.


Is Canada trying to bring more strength to their dollar or what is their "gimmick" for these?

[frugalcanuck]

I think the gimmick is partially getting your mailing address for their junk mail.

[JadeDragon]

Agreed, a big part of it is building a mailing list of people interested in collector coins. When we got them at the RCM store the two things they wanted were the cash and a slip filled out with my mailing address.

[shinnosuke]

Agreed, a big part of it is building a mailing list of people interested in collector coins. When we got them at the RCM store the two things they wanted were the cash and a slip filled out with my mailing address.

Which list will be used later for confiscating said collector coins along with all others found on the premises.

[JadeDragon]

Agreed, a big part of it is building a mailing list of people interested in collector coins. When we got them at the RCM store the two things they wanted were the cash and a slip filled out with my mailing address.

Which list will be used later for confiscating said collector coins along with all others found on the premises.

I don't keep any coins on the premises, so good luck.

[shinnosuke]

Agreed, a big part of it is building a mailing list of people interested in collector coins. When we got them at the RCM store the two things they wanted were the cash and a slip filled out with my mailing address.

Which list will be used later for confiscating said collector coins along with all others found on the premises.

I don't keep any coins on the premises, so good luck.

Smart lady.

[frugalcanuck]

so these $20 coins are fetching $40 on e-bay right now

[frugalcanuck]

I went to the mint today on my way home from work for more and they said they are sold out. They told me that you cant even buy them online anymore.