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 Replies: 21 / Views: 4,246 |
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Pillar of the Community
Canada
999 Posts |
Colonial Acres often has these on sale for a little above face value.
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Pillar of the Community
Canada
1160 Posts |
Which banks can you take them to now a days?
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Pillar of the Community
Canada
3733 Posts |
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Valued Member
Canada
430 Posts |
It is ironic that these coins, the $20 for $20 / $100 for $100 are made of pure silver, yet it's the plastic polymer notes that people would prefer. If I were a betting man, and the world was in crisis and our dollar crashed, there would be a scramble on getting these coins instead of holding on to worthless plastic that has no intrinsic value! ;)
Edited by Coinsplus
12/23/2019 12:38 am
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Pillar of the Community
Canada
5324 Posts |
Until the RCM try to demonetized these coins, always be worth face value, we are not as lucky as the US, the world's default currency, just about every business world wide quotes in US funds. |
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Pillar of the Community
 Canada
665 Posts |
@coinsplus Quote:
and the world was in crisis Not sure I agree... If the dollar collapsed and the world was in crisis then Silver, Gold and all PMs will be effectively useless. When you are two meals away from survival, the necessities of survival take precedence... Food, Clothing, Shelter and the means of defense will carry the premium prices. It is the old Midas conundrum. You can't eat gold or silver to survive... Chickens will be a much more valuable currency. @John100 Quote:
we are not as lucky as the US, the world's default currency, just about every business world wide quotes in US funds Not sure I understand. An authorized financial instrument worth $20CDN (whether a Silver coin or a paper /polymer note) will always have $20CDN in value in Canada. Over the last 10 years, the value of $1.00 CDN has ranged from $1.05 US to the current 75 cents. Every country experiences inflation where the buying power of $1 drops by a little bit each year... Different economic policies and global demand for a country's products will all factor into the mix of relative values of currencies. To a certain extent, it doesn't really matter what currency you are buy in as long as you sell in that same currency... Playing currency arbitrage is a job for speculators who are consistently on top of the markets; generally speaking if you dabble in it... you will lose. |
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Pillar of the Community
Canada
5324 Posts |
If you need crucial parts or supplies that are only available overseas, almost everyone Japan, Holland you name it quotes in US dollars and want payment in US. The fact that there is not any better world currency, the US benefits from being the default currency, the US with it's debt load should not be the leading currency.
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Pillar of the Community
Canada
665 Posts |
@John100 Quote:
quotes in US dollars and want payment in US I don't share your experience. Although I am based in Canada, I work for a US based multinational services company and every customer we have wants to pay in their local currency and every supplier we have wants paid in their local currency. In the Netherlands, folks want to pay and be paid in Euros, in Abu Dhabi - Dirhams, in Australia - AUD and of course here in Canada - CAD. It may be different if you are trading in a global commodity such as Oil or Gold but most regular goods & services are transacted in local currency. Trust me... I would prefer if everyone used a common international currency as it would make monthly P&L reconciliation soooo much easier but we are not there... yet. |
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Moderator
 Canada
10463 Posts |
When I did coin shows, I used to accept payment in Canadian Tire money - now THAT is a currency I always need!!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
5324 Posts |
Now CTM money is truly Canadian, plus they have their own club too.
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Rest in Peace
Canada
1360 Posts |
SPP_Ottawa said: Quote:
When I did coin shows, I used to accept payment in Canadian Tire money - now THAT is a currency I always need!! A currency you can trust! LOL'Only in Canada, Pity'. |
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Pillar of the Community
Canada
1160 Posts |
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Pillar of the Community
Canada
2984 Posts |
Those lots at the Canadian Numismatic auction won't sell too much over face value because of the 18% selling fees and $20 Shipping. They could sell for below face value because of the fees. It is much cheaper to get them off ebay with free shipping. |
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Pillar of the Community
Canada
1160 Posts |
Seller is going to sell at a loss, for all the hassle just redeem them for face value. Dont forget the seller commissions.
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Pillar of the Community
Canada
5324 Posts |
The auctioneer probably owns these lots, or they paid just under face in job lots for these types of coins, they will still make money at close to face with their fees. I still can't see why people just don't deposit these face value coins into their home bank branches, they certainly will not loose your account for a few hundred or thousand dollar, especially when the RCM is paying the banks to take them. |
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Posted 12/19/2019 6:00 pm
