NCLT Coins Are Not Legal Tender, Including The $20 For $20

Plus the value of silver in a $200Xfor is presently 62.69 grams X .67 per gram Cdn silver price = a lowly $42 worth of silver.

Judging by all the online questions "how much silver" in XforX, I think the $200 may have sold like hot cakes in the past if buyers did not do the math and instead wrongly believed it was a win-win and the " 99.99% fine silver" meant the coin contained $199.98 worth of silver as well.

Future value in 2ndary market -
Negative factors
- noneligible for MC
- low silver content
- large mintage, $200 price (many other options)
- discontinued, no later versions to pique interest in past issues, forgotten.

Positives
- appeal factor of design
- unique (fv program) full set
- face value redemption (but no guarantee by RCM and eroded fv value due to inflation).

Purely my opinion, but doesn't seem to be anythiing that would cause them to increase in value on the 2ndary market beyond $200 plus a selling cost premium. I think this would apply to the $100 as well.

That's not to say original purchasers/collectors would all dump them if their buying motive was to the definition of " collect". I just think the 2ndary buyer appeal would lean to the negative aspects.

Apparently there is no dealer discounts on x for x coins as why CP and other dealers sell for 25 or each values at a premium, I doubt the RCM will sell these at discounts if they are trying to reduce their exposure.

I believe the $100 for $100 scheduled for October is still being released as planned.

I specifically asked my rep and he said that so far, only the $200 coins have been cancelled. Nowadays, who knows? Things change at the RCM pretty rapidly lately.
I was relying on some $x for $x to maintain my status as a mc member but managed to find a few other coins instead. This might be the last year for me though if the program is discontinued

Also wanted to say, the cancellation of the 200/200 FV coin was very strategic for the RCM. I bet many relied on that to make MC platinum for the cycle.

I don't think it was 'worse' that no notice was given. The x/4/x series were never intended to give anybody free access to the higher levels of Masters Club. It's case of a few ruining it for all. I'm thinking that they should never have been allowed to count towards m/c status in the first place...they would then still be making them, and you would still be able to turn them in for cash.

The Mint's intention was simply to offer something for everyone - with the hope of inspiring more collectors.

If I had known that the $200 coins were being canceled, I would likely have bought other non-face value coins. I passed on several, anticipating my budget was stretching thin.
My take is that if you provide loop holes, they will get exploited. The RCM allowed reps to sell insane quantities to individuals, Likely with some sort of commission or sales target requirements. If they had stuck to the limit of 3 coins per person, then far fewer would have been cashed in.