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 Replies: 801 / Views: 58,578 |
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CCF Master Historian of USA Commemoratives
 United States
12281 Posts |
Quote:
I still think that $20 for less than 8 grams of silver more than covers for the cost of using a credit card for the purchase. @wannabfree: I wasn't clear. I wasn't talking about the credit card fees that the RCM had to pay to CC companies for each purchase. I was referring to scenarios like the following: A customer buys 50 of the $20 coins from the RCM for $1,000. Their credit card provides them with a generous 5% cash back on all purchases. So, they receive $50 from the CC company based on their purchase. They would then take all 50 coins to their bank and deposit them for a $1,000 account credit. The banks then redeemed them with the RCM which not only lost money on the transaction but also no longer earned the seigniorage it expected on the coins when they were sold. (The difference between the intrinsic value of the silver in each coin, plus the costs of producing/marketing it, and the $20 face value/selling price represents the seigniorage.) When the number of folks doing this grew to the point that many tens of thousands of the coins were being returned, the RCM stopped issuing new coins in the series. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
Canada
24885 Posts |
2021 South Africa 1oz 999 Fine Silver Krugerrand Coin  -  |
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Moderator
United States
188770 Posts |
Quote:
2021 South Africa 1oz 999 Fine Silver Krugerrand Coin Very nice!  |
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Bedrock of the Community
Canada
24885 Posts |
1973 South Africa. 2 cents.   |
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Moderator
United States
188770 Posts |
Excellent! |
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Bedrock of the Community
Canada
24885 Posts |
1994 Tanzania. 100 Shilingi   |
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Moderator
United States
188770 Posts |
Outstanding! |
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Bedrock of the Community
Canada
24885 Posts |
1971 Canada Dollar 1871-1971 British Columbia.   |
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Moderator
United States
188770 Posts |
Nice example! |
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CCF Master Historian of USA Commemoratives
United States
12281 Posts |
One of my all-time favorite coins from Canada is its 2009 80th Anniversary of Canada in Japan $5 Silver Coin which marked 80+ years of friendship between the two countries. The coin's commemorative reverse design is fully allegorical - a favorite design approach for me - using local flora and fauna to represent each country -- a white-tailed deer and maple tree for Canada (at right), and a shika deer and cherry blossom tree for Japan. The two deer stand side-by-side, to symbolize the friendly, harmonious relations between the two countries. To the left of the shika deer is seen the Japanese character "Wa" which translates into English as "harmony." 2009 Canada-Japan 80th Anniversary of Friendship $5 Silver Coin You can read my full post on the coin here: - 2009 Canada-Japan Silver $5 Coin. Other of my posts about commemorative coins and medals can be found at: Read More: Commems Collection. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Moderator
United States
188770 Posts |
That is a beautiful coin! |
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Bedrock of the Community
Canada
24885 Posts |
1971 Republica de Chile. 5 Escudos.   |
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Moderator
United States
188770 Posts |
Quote:
1971 Republica de Chile. 5 Escudos. Very nice! |
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Bedrock of the Community
Canada
24885 Posts |
1985 South Africa. 20 cents.   |
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Moderator
United States
188770 Posts |
Outstanding! |
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Replies: 801 / Views: 58,578 |
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Posted 04/08/2021 06:36 am
