| Author |
 Replies: 53 / Views: 8,375 |
|
|
|
|
New Member
Canada
41 Posts |
DragonMaster, in terms of your question, it took that long because the branch had to figure out what to do and they were kept on hold quite a long time when they called the mint and then HQ to get instructions and the correct paperwork.
That, and the branch asked me to remove them out of the capsules. So it was a little bit of both. I don't think it should take more than 15-20 minutes if I had to do it again.
As for the person who asked why buy it instead of spending at a Timmy's...Think about the cash back ;). It's a free $40 in cash back on 100 coins on credit cards. A free box and packaging supplies to ship out other stuff, and if you can't sell it to make a profit (i.e. can't sell it for $25 a pop), you just cash them in with no risk, and it's a guaranteed minimum profit from the cash back assuming you get 2% like I do.
Also in terms of dealers accepting them back. Just as an example, I normally take these as a form of payment if anyone asked if they were buying something else from me :).
Edited by wsdcoins
04/13/2014 10:09 pm
|
|
Pillar of the Community
Canada
1581 Posts |
Where do you get a dozen $100?
Good to know they are already becoming scarcer.
|
|
New Member
Canada
41 Posts |
Well, I had 50 or so of the first $100 for $100 Bisons...A dozen isn't too hard to believe.
|
|
Pillar of the Community
Canada
2124 Posts |
You can have 5 with a Representative and 3 with a MC member account, 12 is not so difficult if you really want them.
|
|
New Member
Canada
12 Posts |
Can anybody please give a list of dealers that accepts these as payment? Closest major city to me is Toronto. I would totally use these to pay for other coins.  |
|
Pillar of the Community
Canada
815 Posts |
I got burned bad on the first big batch I bought (I am a dealer), so now I offer 90% FV. I was initially buying them at bullion, but that was a bit too much, so I eased up a bit.
|
|
Rest in Peace
Canada
1360 Posts |
I think anybody offering to sell you 20/4/20's at bullion hasn't done their homework. Did many people take you up on that?
|
|
Pillar of the Community
Canada
815 Posts |
I didn't make that rule to rip people off. I did it to educate, and STOP people from selling them to me.
|
|
Pillar of the Community
Canada
1505 Posts |
I like your idea Anjohl.
I will take anyone's legal tender notes (especially the ones that many merchants won't accept 50's and 100's for scrap/recycle value).
|
|
Pillar of the Community
Canada
815 Posts |
Again, the point was to deter people from trying to sell them to me, since customers have been brainwashed by the mint into thinking that these are worth EXACTLY $20/ea, which destroys any semblance of a profit margin. I had $600 face, going back to coin #2, and I could not get $25/ea. As soon as I announced I was taking them to the bank, people came out of the woodwork wanting them. So if $5/coin is too much to pay, then 90% FV is all I am willing to pay, and even then, I won't take them unless they are popular issues.
|
|
Pillar of the Community
Canada
3049 Posts |
I live in winnipeg.. I go to the mint at least once a year they have always said I can take them in and get face... So I buy them occasionally nod hope to buy a nice gold piece eventually... I have heard the RBc takes em and have seen them listed on kijiji of $25 all the time
|
|
New Member
Canada
41 Posts |
Quote:
Can anybody please give a list of dealers that accepts these as payment? Closest major city to me is Toronto. I would totally use these to pay for other coins. @Tola I personally accept $20 for $20's or $100 for $100s as payment towards any purchase. @Anjohl You say you're selling them @ 90% of face value? What dealer are you? I'll come pick up everything you've got! :D Edit: nvm looks like you buy @ 90% not sell :( Edited by wsdcoins
04/15/2014 12:20 am
|
|
Pillar of the Community
Canada
815 Posts |
WSDCoins, you just proved my point better than I ever could.
|
|
Pillar of the Community
Canada
640 Posts |
I went to Vancouver Mint Boutique few days ago to purchase $50 for $50 Polar Bear silver Coin.
Boutique manager told me that Royal Bank (RBC) on Gerorgia Street & Burrard Street accepts $20 for $20, $50 for $50, & $100 for $100.
Staffs in that branch are familiar with depositing non circulated Canadian coins & shall be easy for RBC's customers to deposit them.
|
|
Pillar of the Community
Canada
2124 Posts |
I didn't any problem cashing them.
|
|
|
Replies: 53 / Views: 8,375 |
|
First Page
Previous Page
Posted 04/13/2014 10:38 pm
