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The Next $20 For $20 Coin Is Coming Soon

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Pillar of the Community
BiBo's Avatar
Canada
1189 Posts
 Posted 06/30/2012  09:46 am  Show Profile   Bookmark this reply Add BiBo to your friends list Get a Link to this Reply
But we are talking about the $20 for $20 Queen coin.
That he sale for $125. Will you buy it?
Pillar of the Community
MoneyPenney's Avatar
Canada
2984 Posts
 Posted 06/30/2012  09:49 am  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
The ad for the $20 is quite misleading. Yes, dealers are paying 15X, but not for this coin. It is for pre 1967 Canadian silver dollars that have .80 silver content. These silver dollars have .60 troy ounce of silver. The spot rate for silver is around $30, so .60 troy ounces is
$18. That is the sell price for $1 pre 1967 silver coins. His buy price is $15. So 15X refers to fifteen times $1 face value.

He is trying to make you believe it is 15X times the face value of the Jubilee coin which is ridiculous. The actual silver value of the Jubilee is actually around $6.25 due to the weight of the coin which is 7.96 gram, far below the 18.664 gram of the old silver dollars.
Pillar of the Community
Canada
789 Posts
 Posted 06/30/2012  09:50 am  Show Profile   Bookmark this reply Add shopaholic to your friends list Get a Link to this Reply
I am trying to imagine the disappointment someone will get when paying 125$ for this coin.
Not to mention it is small, it is also one of the very few coins that RCM's picture actually looks better than the actual coin.

Don't get me wrong, I still like this coin, the details are there when look through a magnifying glass, but that is when it's being sold for 20$.

BTW, happy Canada Day long weekend everyone.
Pillar of the Community
Anjohl's Avatar
Canada
815 Posts
 Posted 07/01/2012  01:40 am  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
I am impressed enough with the coin, it should hold some commemorative value in future years, particular after the bird croaks.
Valued Member
RogerD's Avatar
Canada
491 Posts
 Posted 07/01/2012  05:36 am  Show Profile   Bookmark this reply Add RogerD to your friends list Get a Link to this Reply
@Anjohl Do you seriously believe that with all the stuff out there with her mug on it that demand for the Queens image is going to be high? Might need to rethink that one, when queeny passes they will commemorate the sh*t out of her image. No value in this one.
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