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 Replies: 137 / Views: 17,205 |
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Pillar of the Community
 Canada
6768 Posts |
Quote:
More than one dealer has told me that they pay less for such pieces than they do for standard bullion. Thank you for this info! And production quantity decrease, yes, you right - they didn't become more exclusive, but just less demand |
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Pillar of the Community
Canada
1027 Posts |
@soulbrother Canada Post does have the centennial set for sale on their website right now as well as all the other new RCM releases. |
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Pillar of the Community
Canada
586 Posts |
I'm dreaming of the gold fractional set but will probably settle for the silver one. Anyone know how past fractional sets measured up as an investment, Have there values gone up or stayed neutral. By the way don't forget to get your entries for the RCM draw. http://www.mint150.ca/ref/s/2757106284 |
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Pillar of the Community
Canada
3733 Posts |
fractional sets are not an investment vehicle. unless you only want to drive it in reverse.
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Valued Member
Canada
367 Posts |
I recently received the coin "Flora and Fauna of Canada." It's promoted as a "Canada 150" coin. However, there is no "Canada 150" logo on the outer black box. There is no mention of "Canada 150" on the certificate either. Nevertheless, this coin meets my expectation so I will keep it.     |
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Pillar of the Community
Canada
586 Posts |
Yes very nice coin. Kind of resembles the coins from the $200 for $200 series. The maple leaf in the middle resembles the maple leaf used for the marketing of the 150 series. Maybe that's the connection. Nice purchase.
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Pillar of the Community
Canada
1027 Posts |
Very nice coin indeed! @TheBurnz As you say, this coin resembles the 200/200 face value coins with the exception that now they are not worth $200.00 FV vs only $30.00 FV. I still have every single FV coin that the RCM issued over the years and I do not plan on selling any of them even if banks refuse to take them or RCM goes back on their promise. I am sure that they would allow me to use them at a Royal Mint Boutique in exchange to purchase something else. They are still considered Legal Tender. |
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Pillar of the Community
Canada
586 Posts |
The Flora coin will always have its silver value. At $30.00 FV and also a 2 ounce coin, its silver value exceeds its FV. Where the 200 for 200 does not, even if silver climbs to $100 an ounce as predicted by enthusiasts. If your patient enough you can still pick up the 200 for 200 series coins for FV or below FV. As I believe Master club member's get discounts when they purchase and liquidate these purchases on occasion. These coins are legal tender, but corporations and banks have the right to refuse transactions as they please and since the big blunder by the RCM these coins are being refused more often these days. That said its a nice piece to add to a collection but hopes of the future value exceeding the purchase price (like the 4 dollar Dinosaur series) will be tough in my opinion. |
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Pillar of the Community
Canada
5324 Posts |
The Flora coin is worth 30 bucks fv or 60 bucks bullion, while if you deposit a x for x like the 200 dollar units at your home branch, which one has a better chance to lose value ?
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Pillar of the Community
Canada
6768 Posts |
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The Flora coin is worth 30 bucks fv or 60 bucks bullion, while if you deposit a x for x like the 200 dollar units at your home branch, which one has a better chance to lose value ? Unfortunately, I had to deposit my favorite 200for200 "Towering Forests", due to afraid, that one day the Banks will not accept the FV, and I will literally stay with CAD 60 in hand - this kind of 'immediate loss'. 200for200 keeps it value in theory forever, but it risky. I still will keep Tim Bernard 2oz coin - the concept is unusual, low mintage. And - anyway no one will offer more than CAD 100 for it  |
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Valued Member
Canada
83 Posts |
The face value of any coin is a depreciating asset as long as inflation runs hotter than interest rates. Planning on keeping a 200 for 200 as a long term store of value implies that one is betting on the underlying metal content eventually outpacing the fv. Is that is one's bet (and it can't be otherwise--see above), then buying as much metal as possible at lowest available price, regardless of fv, makes more sense. Fv is merely a short-term hedge.
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Pillar of the Community
Canada
3690 Posts |
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The Flora coin will always have its silver value. At $30.00 FV and also a 2 ounce coin, its silver value exceeds its FV. Where the 200 for 200 does not, even if silver climbs to $100 an ounce as predicted by enthusiasts. If your patient enough you can still pick up the 200 for 200 series coins for FV or below FV. As I believe Master club member's get discounts when they purchase and liquidate these purchases on occasion. But the Flora coin does not cost $30. Both coins are 2 ounces of silver so spot rate is irrelevant. Both have the same PM value now and always will. The difference is $200 FV versus $30 FV, 20k mintage versus 4k and $200 versus $175 cost. In terms of predicting future value, that's anyone's guess but at 4k and $175 it would be very surprising if the Flora coin appreciates even to $200. At the same time, the FV coins are already worth $200 with very little risk. It might take some looking but it's not hard to find a bank willing to take them. Worst case the Mint boutique is an option. Also, MC members do not receive discounts on coins purchased. Dealers didn't even get discounts on the FV coins. If someone is selling them below FV, they are losing money (maybe accepting a loss and moving on but still, losing money). A better comparative is the 2014 Tim Barnard coin. It's a 2 ounce with a similar design that sold at issue for $170 with a 5k mintage and $30 FV. It's currently available on ebay BIN for $125. Edited by CC-Ottawa
08/08/2017 12:04 pm
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Pillar of the Community
United States
2408 Posts |
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...if silver climbs to $100 an ounce as predicted by enthusiasts Again this year, if you read the details at the silver institute you will see... there is absolutely no reason for silver demand to increase. Industrial is down in all categories except solar - marginally. The balance sheet for 2016 is scary... inventory is up to 130 Million ounces Vs last year's negative 5 Million... This silver glut has no where else to go. The 3 other main silver suckers are Coins/Bars/Jewelry which account for about 45% of the global demand. But the majority of those will probably end up in silver nuggets and fed back into the system for other things. They are part of inventory IMO. There is still 45M ounces spent on Photography... Really? This will keep going down. Hello digital world? |
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Pillar of the Community
Canada
6768 Posts |
Might be bit silly, but I have an idea:
Why our government or let's say US will not set price of 1oz silver as $50 - many people will be richer this way....
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Pillar of the Community
United States
2408 Posts |
If governments set prices for things we'd all be starving I think.
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Replies: 137 / Views: 17,205 |
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Posted 07/31/2017 10:52 am
