RCM's 2016 Face Value Collector Case For 20-Pcs $20 For $20 + $25 For $25.

let me make it clear once again, the only reason for the 20 for 20 coins, was to bring new collectors into the market..it was only a marketing move, that is why it is the only coin they advertise on tv, and in the newspaper..and even though it is 5$ worth of silver, they get 20$ but I would have to assume there is a bank account set to repay ALL THE ONES REDEEMED. they want you to buy the 69$-500$ coins that will never be redeemed.

In this era of transparency, nope not according to what's disclosed by RCM's financial statements. You'll find them posted on RCM's website.

And if RCM was required to maintain some sort of everlasting float based on past sales, that would be clear acknowledge they've entered into the banking and investment business - an entire different ball game, heavily regulated.

RCM sells collector coin, that's it. If a point in time is reached when the $value of XforX that gets cashed negatively impacts their profit, their option is to shut down face value redemptions of collector coin, just like in the UK.

Have any of you ever talked to your reps or anyone else at RCM? Notice that through their online QandA , redemption a promise or commitment. Anyone who specially asks only gets the scripted response - maybe banks or check out a dealer. It's not a good practise to assume nothing ever changes especially when it's not guaranteed to begin with.

Me too. Aside from XforX which I have no reason to buy, the NCLT in my collection, no intention whatsoever to redeem it for face value. If it becomes that uncollectable, I'd sooner give it away to someone who wants it.

At one time, particularly in the '60s and '70s, other Canadian companies were active in minting very creative silver medallions and art bars. But RCM was the only entity who could mint coins and their products increased in popularity over time, even though their collector coin was far more traditional and less artistic.

Collector coin must feature the monarch's effigy and bear a denomination in order to be considered coin (as opposed to a medallion), other than that the f/v is meaningless to me. If I felt compelled to ever buy what I consider to be money, instead I'd withdraw cash from my bank account and just stash it in a safe and secure place.

Nobody would tell you offhand the mintage of 30+ issues.

Redzapsid, if you want to do some digging, the name and denomination of each all the coins sold for the Face Value Program are listed near the end of the respective year's financial statement. Volume sold as well, if you're interested.

http://www.mint.ca/store/mint/about....VwrKcdTOerU

I just noticed "Numismatic Coins" have been posted separately only for the year 2014.

2015 f/s hasn't been released yet.

Thanks mts.

Thanks for the info rjlavoie. I just checked my orders and I too have one dated April 19th for a reprinted card. Looks like everyone who ordered the box will get a new canoe card.