| Author |
 Replies: 113 / Views: 11,802 |
|
|
|
Pillar of the Community
1007 Posts |
It's better than holding a $20 bill, at least it could be worth $25-$35 in a year. You won't see a $20 bill sitting in a savings account do that. That's the way I look at it anyway.
|
|
Pillar of the Community
United States
2408 Posts |
|
|
Pillar of the Community
Canada
3733 Posts |
if and when silver goes to 100$ an ounce they simply will stop this series. imo.
|
|
Valued Member
Canada
156 Posts |
Got mine in the mail today.
|
|
Rest in Peace
Canada
1360 Posts |
If silver goes up to $100/ounce, they'll be worth $25 bullion (1/4 ounce!)
if it doesn't.... they'll still be worth at least $20.
I see no downside.
Also got mine in the mail today.
|
|
Valued Member
Canada
269 Posts |
|
|
Pillar of the Community
Canada
1581 Posts |
Clearly the RCM would not keep the series going if the metal value started approaching face value. That is the reason for every composition switch. It is the reason the penny is gone. It is the reason why the 5c-25c are now steel. But, there aren't many sensible arguments for $100 silver. |
|
Pillar of the Community
United States
2408 Posts |
Quote:
if and when silver goes to 100$ an ounce they simply will stop this series. imo. They would just have to make the coin smaller. |
|
Rest in Peace
Canada
1360 Posts |
"There aren't many sensible arguments for $100 (per ounce) Silver" With Gold approaching $2000/per ounce.....
yup, there is. Historically, 1 ounce of silver was about 1/15 to 1/20th that of gold.
a ratio that lasted about 18 centuries. In a 'bull market' which is what we have now, we are experiencing about 55:1 which puts Silver as being severely under valued (or alternatively, gold is over priced)
|
|
Pillar of the Community
Canada
746 Posts |
If silver gets that high, maybe they'll have to start a $50 for $50 coin exchange!
|
|
Valued Member
Canada
497 Posts |
If silver moves past $50 / oz , I can see changes in this series , $20 for $20 becomes $20 face and sells for $50 + (look what $5 face maples and $10 face giftware list for), or it stays at $20 cost for a silver plated nickel/ zinc /steel core (who knows, maybe they are already , anybody cut one in half to check - may I suggest the magical reindeer  ) |
|
Pillar of the Community
Canada
871 Posts |
I can't wait to get my coins.
|
|
Pillar of the Community
1007 Posts |
West-Canuck
The whole point of the 20 for 20 is you trade $20 for $20. They have plenty of coins that sell for more. 20 for 50 wouldn't makes sense for this kind of coin program. They would just do 50 for 50 or 100 for 100 or else it defeats the purpose of this kind of series. You can't compare maples or any other coins to things like this.
|
|
Pillar of the Community
Canada
815 Posts |
The argument that these are better than a $20 bill is invalid, as a $20 bill is legal currency, the $20 silver coins are not.
|
|
Valued Member
Canada
269 Posts |
@Anjohl: Actually the $20 for $20's are legal Canadian currency, but as with all legal tender, stores/banks can just simply refuse to take it.... which is why no one (yes I know that I am exaggerating) excepts $100 or $50 bills (although it is getting better with the new notes).
|
| |
Replies: 113 / Views: 11,802 |
First Page
Previous Page
Posted 02/05/2013 12:06 am
