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.
$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.






















