| Author |
 Replies: 514 / Views: 78,807 |
|
|
|
Pillar of the Community
Canada
5324 Posts |
If I remember correctly PC bank is closely related to CIBC so maybe they would help or just open an account with a main bank deposit and a week latter transfer back to PC
|
|
Valued Member
China
171 Posts |
I redeemed all my $20 for $20 yesterday. I didn't have much luck doing it myself so I sent my mom to the bank with them and she had no problem. Over $2400 worth. Just too much money tied into these and I wanted to get rid of them before the mint reverses their policy of redemption. I phoned a few dealers in Vancouver but none were interested in them and posting them on Craigslist resulted in no interest, even at face value. I feel the entire program is on the way out.
|
|
Pillar of the Community
Canada
1571 Posts |
|
|
Valued Member
Canada
256 Posts |
TomSwift can you share the name of the financial institution which accepted these. Thanks
|
|
Pillar of the Community
Canada
6768 Posts |
Quote:
TomSwift can you share the name of the financial institution which accepted these. Thanks Toronto Dominion Bank RBC Bank better to go to the bank, where you have account |
|
Pillar of the Community
Canada
2845 Posts |
Quote:
better to go to the bank, where you have account
I agree. I'd bet the odds are low for someone walking in off the street regardless of what bank, in looking to cash in XforX because of the risk of counterfeit. Employees at any one bank branch are never going to become proficient at authenticating dozens of different XforX so what matters is the trustworthiness of the person asking to cash them in can be determined in some way. |
|
Pillar of the Community
Canada
1571 Posts |
There's a new $200 for $200 out. Looks like they decided to release them after all
|
|
Valued Member
Canada
192 Posts |
^ I hope the design beats "Rugged Mountains" 2015... sometimes I wonder how these get approved (no ill intent toward the artists). I can't find it, must be only visible to Masters Club or Dealers for now I gather?
|
|
Pillar of the Community
Canada
1571 Posts |
Yes, it's listed on masters club section
|
|
Pillar of the Community
United States
2408 Posts |
Glad they brought it back. Limited to 2 per household.
I'm buying 1 for sure.
|
|
Pillar of the Community
Canada
1571 Posts |
My interest is limited to zero per household.
|
|
Pillar of the Community
Canada
2845 Posts |
Quote:
My interest is limited to zero per household.
Mine as well. $200 is a lot of money for $50 worth of silver and a so-so design. But for those who collect them, well to each his or her own. If I were tempted, what I'd do instead is take the $200, keep it in an envelope so it didn't get spent and every time I walked by a bank I'd exchange it to search serial numbers, $20s, $10s or $5s. Or just deposit it by ABM, then take a different $200 in cash. I'd always have $200 on hand for emergencies and by luck or by gosh I might find some nice radars or other sequences that would be worth more than a $200for$200. Not intending to discourage anyone from NCLT......just mentioning another alternative to hitting "buy now". |
|
Pillar of the Community
Canada
2984 Posts |
Quote:
$200 is a lot of money for $50 worth of silver and a so-so design That's a still whole lot better than the typical 1 oz silver NCLT coin that range from $100 to $160 each. One oz silver is about $20 so you can do the math. |
|
Valued Member
China
171 Posts |
The bank was RBC in Maple Ridge, BC. I don't have a bank account in Canada, which is why I sent my mother. She had no problem. I also tried CIBC in Pitt Meadow, BC and they would not take them since I didn't have an account.
|
|
Pillar of the Community
Canada
2845 Posts |
Quote:
That's a still whole lot better than the typical 1 oz silver NCLT coin that range from $100 to $160 each. One oz silver is about $20 so you can do the math.
A whole lot better? To my ranking, hardly a notch. LOL! Both are real lousy investments if the buyer is hopeful of future silver bullion appreciation. But I think it's possible some new collectors may incorrectly perceive that the $200 face value coin advertised as "fine silver" -- means that it also contains $200 worth of pure silver. I often notice RCM isn't real helpful in correcting that mistaken notion in their QandA either, in fact they dodge it by merely stating the weight in grams. As for doing the math, for some it's not so easy. |
| |
Replies: 514 / Views: 78,807 |
First Page
Previous Page
Posted 08/03/2016 10:33 am
