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Pillar of the Community
IBGolden's Avatar
Canada
598 Posts
 Posted 03/02/2011  6:57 pm  Show Profile   Bookmark this reply Add IBGolden to your friends list Get a Link to this Reply
I made mention of a 57 cent "extra" charge that was on my credit card balance after purchasing my 3 of these things. I didn't and still don't give a flying fattuuttii about it, but in all fairness I must set the record straight... (<<< we need some little stoic smiley dude to place here.)

Anyway, before I digress tooo deeply, I have since received my statement and the 57 cents was not in any part the resultant billing by The RCM. Again, The RCM billed precisely $60 for 3 of these pieces. I apologize if this has caused anyone any amount of consternation.

And, if you must know, and I think you should, because I brought it on myself... the 57 cents was a kinda "Payment Protection Policy" carried on my card. How can I not be aware of this? Since 2002 the card has incurred 4 transactions. I pay nothing as a cardholder unless I use it. I politely called the card company with my enquiry and I do appreciate the prompt and courteous response from the company which issued the card. You can catch more flies with honey...
Pillar of the Community
chequer's Avatar
Canada
4227 Posts
 Posted 03/03/2011  12:11 am  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
Mine arrived in the mail today. They are an attractive design. It was $60 for the three ... no additional charges.
Valued Member
nickle nubber's Avatar
Canada
247 Posts
 Posted 03/03/2011  7:24 pm  Show Profile   Bookmark this reply Add nickle nubber to your friends list Get a Link to this Reply
Boy someone is gunna be ticked. Should have read the auction description abit better.


http://cgi.ebay.com/100-20-2011-SIL...em41574c032b
Valued Member
Canada
150 Posts
 Posted 03/03/2011  7:28 pm  Show Profile   Bookmark this reply Add HawkC026 to your friends list Get a Link to this Reply
Wow, someone is definitely gonna be PO'd when they figure out what they just bought!
Pillar of the Community
canadian_coins's Avatar
United States
2408 Posts
 Posted 03/03/2011  7:44 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Not bad auctually, considering some "buy-now" @ $60 a piece.

Question is, how did he manage to get 100 coins?!! With my relatives I could hardly get more than 20 before it sold out...

Price will come down, this is insane.
Valued Member
Canada
150 Posts
 Posted 03/03/2011  7:49 pm  Show Profile   Bookmark this reply Add HawkC026 to your friends list Get a Link to this Reply
I was actually thinking about the auction description......"$20 2011 SILVER MAPLE LEAF".

I didn't think this coin was classified as a Silver Maple Leaf so I hope they buyer knows what they just purchased.
Pillar of the Community
canadian_coins's Avatar
United States
2408 Posts
 Posted 03/03/2011  7:54 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Hawk,

Yes if the buyer is expecting 1 oz ~ $34 in metal ea. then that's a problem.

But he still has $2,000.00 in face value... or doesn't he?





Valued Member
Canada
150 Posts
 Posted 03/03/2011  8:01 pm  Show Profile   Bookmark this reply Add HawkC026 to your friends list Get a Link to this Reply
Interesting how you phrased your question canadian_coins......"But he still has $2,000.00 in face value... or doesn't he?"

Shouldn't that be "But he still has $2,000.00 in face value... or does he?

Either way, I guess that's still to be determined.
Pillar of the Community
canadian_coins's Avatar
United States
2408 Posts
 Posted 03/03/2011  8:10 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Hawk, I am still hoping for the RCM to release a formal statement regarding the legitimacy of their coins. For now, he only has a symbolic value of $2000.
Pillar of the Community
Ugly's Avatar
Canada
1733 Posts
 Posted 03/03/2011  8:35 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
All money is symbolic.

Is the Silver Maple I'm giving away in my postcard contest worth five dollars or is it worth ~34 dollars? The Mint will pay me five dollars. Scotia will give me ~27 . ebay buyer will give me ~37 .

I have a Devils face 100 dollar note BC-35b in GEM EPQ . The Bank of Canada will give me 100 dollars for it. Any note dealer will give me much more and a private collector more still. Is it worth 1.2 cents (worth of paper), 100 dollars, 700 dollars or over 1200 dollars ?

So.. something is worth what someone else will pay you for it. Seeing what these coins are going for on ebay I'd say they are worth more than face value at this time as long as the market holds up. The mint will give you 20 dollars in common notes or coin for it.
Pillar of the Community
canadian_coins's Avatar
United States
2408 Posts
 Posted 03/03/2011  9:30 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Ugly, well said.

I just hope the symbol gets bolder and forces acceptance & redemption @ face value as a minimum, like it is supposed to.
Valued Member
realpenny's Avatar
423 Posts
 Posted 03/03/2011  10:08 pm  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
1. Commodity value (bullion/pure element value of silver).
2. Legal tender a law so society can function and play on equal footings.
3. Collector value premium (can be on a commodity or legal tender or anything for that matter).

Back from break:
So the coins in questions from the ebay auction are "worth":
1. ~$800 (commodity)
2. $2000 (legal tender)
3. $3290 (collector value)
The seller sold for 3. collector value premium and got the highest possible price on the open market. The buyer was willing to pay this.

The RCM originally sold the coin with the "worth" of:
1. silver vs paper (low weight per their marketing)
2. legal tender (high weight per their marketing)
3. collector coin vs common $20 bill (low weight per their marketing)
The RCM sold for 2. legal tender value and took no collector premium.
Edited by realpenny
03/03/2011 10:57 pm
Valued Member
rodime's Avatar
Canada
276 Posts
 Posted 03/04/2011  12:05 am  Show Profile   Bookmark this reply Add rodime to your friends list Get a Link to this Reply
Oh how I hate SELLING on ebay. Listed several of these, and I havn't had a single buyer actually go through with the purchase at the end. I've had to file for unpaid item listings so I don't get stuck with the fees. *sigh*
Edited by rodime
03/04/2011 12:06 am
Pillar of the Community
canadian_coins's Avatar
United States
2408 Posts
 Posted 03/04/2011  2:44 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
With Silver edging up again, we have $9 worth of silver now.
Valued Member
vinnycoin's Avatar
Canada
442 Posts
 Posted 03/07/2011  10:10 am  Show Profile   Bookmark this reply Add vinnycoin to your friends list Get a Link to this Reply
I tried to use the coin at the great canadian gathering place (tim hortons) and as you would guess, they wouldn't take it. The guy behind the counter liked the coin though, and said he thought if they made a $20 dollar coin, it should be at least 10x larger than the twoonie! I wish!

Anyway, I'm wondering if I should take the 2 I have to my dealer and purchase a 1 oz maple leaf? Wouldn't that be a hoot, trading in 16 grams of silver for 31 grams, and getting a lil bit of change back? :P
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