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Viper_99 · (This post was last modified: 06-08-2012 09:45 PM by Viper_99.)

The RCM has hit a new low. They are offering a set of silver dollars that seem to be from original coins. These are not new minted coins but coins that could be bought out of a coin shop for half the price. But you do get a nice box. There is nothing in the advertizement to guarantee a grade such as MS 60 or MS 67. Who knows what the grade would be? To be honest I am a little shocked.

RCM:

Order the Vintage Canadian Silver Dollar Collection and receive an historic coin from 1935, along with 5 other vintage Canadian silver dollars, resplendent with the patina of old age and stately dignity. It’s the first time ever that the Royal Canadian Mint offers a collection of vintage Canadian silver dollars.

[Image: images_visuel2-en.jpg]

StashAG · 06-08-2012, 10:06 PM

Ehhhh. Pass.

06-09-2012, 05:47 PM

also a pass here

vonredbird · 06-09-2012, 06:09 PM

ha! no thx! only at face value would i be buying these. lol

Viper_99 · 06-09-2012, 06:15 PM

(06-09-2012 06:09 PM)vonredbird Wrote: ha! no thx! only at face value would i be buying these. lol

Are you serious they are 80% silver and each have .6 of an oz. If you find any I'll take them off your hands at double face value.

dragonfly5 · 06-09-2012, 10:25 PM

Saw these too and wondered why are they bothering - guess someone at the mint thought it was a good idea. Not interested -e specially at the prices they're asking.

harbl_the_cat · 06-20-2012, 04:36 PM

(06-09-2012 06:15 PM)Viper_99 Wrote:
(06-09-2012 06:09 PM)vonredbird Wrote: ha! no thx! only at face value would i be buying these. lol

Are you serious they are 80% silver and each have .6 of an oz. If you find any I'll take them off your hands at double face value.

lulz...

I have a can full of those I bought for $18-25 a pop.

I carry one in my coin purse with me everywhere I go (real men carry coin purses, because real men use silver and gold as money).

I should buy some more. They're actually quite nice coins... I sure wouldn't buy them from the mint though when I can get them 2-3% under spot.

Marrifrand · 05-25-2013, 01:20 AM

I want to invest in silver as the price is down now, but what are the grading?
____________
herman cain

jaxville · 05-31-2013, 10:50 AM

Those coins are subject to sales tax in Canada. In some provinces they would cost 14% more than the advertised price. Canadians are way better off sticking with silver coins of 99.5% purity or better that are exempt from federal (and some provincial) sales taxes.

I have a fair amount in my stash but they would serve as emergency money if needed. They have a cool factor as well but I strongly recommend to my clients to avoid hoarding these unless they can get them at a very good price. As a dealer we only buy them at 85% of melt whereas we pay spot or a premium ($2.00 on maples and other official bullion coins currently) on tax exempt silver product.

Makes me wonder where they are coming from. As far as I know the Bank of Canada has never held silver as a reserve asset.