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 Replies: 31 / Views: 4,329 |
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Pillar of the Community
Canada
862 Posts |
the problem with palladium coin is that it has tax in canada, despite it's 9995 pure
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Pillar of the Community
 Canada
1502 Posts |
my favorite palladium coin  4 in total, showing the circular motion of the constellations for each season around the north star. I can get them for ~$1200 each at a local coin store but couldn't pull the trigger |
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Pillar of the Community
United States
648 Posts |
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Pillar of the Community
United States
4008 Posts |
Quote:
the problem with palladium coin is that it has tax in canada, despite it's 9995 pure Is that also the case for silver and gold? If not, any idea why. |
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Pillar of the Community
Canada
1502 Posts |
I don't remember if I paid taxes for the one palladium maple I own...
I suppose palladium is considered industrial while gold and silver precious / money.
Only pure gold and pure silver are tax exempt. Sterling silver and 18k gold, for example, are taxable in Canada. The rationale I heard is that the latter can be used in products other than bullion.
Edited by poboxw
11/09/2011 10:25 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
Only pure gold and pure silver are tax exempt. Sterling silver and 18k gold, for example, are taxable in Canada. The rationale I heard is that the latter can be used in products other than bullion. That could be it. Also, some products that are considered "luxury items" often have different tax treatment than similar but cheaper products that are not considered luxury items. Shrug. |
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Valued Member
United States
58 Posts |
What a lovely set of Maples. I would love to own such a set for myself.
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Pillar of the Community
Canada
862 Posts |
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Pillar of the Community
United States
4008 Posts |
Yikes! The high-priced spread for sure. $4300 is quite a lot for 4 coins. But, who knows what these will be worth in the future? They could be worth much more or less than this. If the production is as low as they say, then being worth more seems likely.
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Pillar of the Community
Canada
1502 Posts |
It's not too too bad I don't feel. Commemoratives coming out of the Royal Canadian Mint usually sell for at least double melt value. Palladium isn't doing so well but 4300 for 4oz is still less than melt value. If theses were palladium maples then heck no. |
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Pillar of the Community
United States
4008 Posts |
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Palladium isn't doing so well but 4300 for 4oz is still less than melt value. I must be missing something here. Is this the same palladium that the Kitco market quotes page shows as closing at $615 to the ounce today? If so, then $4300 worth should be a lot closer to 7 ounces than it is to 4 ounces.  |
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Pillar of the Community
Canada
862 Posts |
Quote:
I must be missing something here. Is this the same palladium that the Kitco market quotes page shows as closing at $615 to the ounce today? If so, then $4300 worth should be a lot closer to 7 ounces than it is to 4 ounces.
it's RCM's palladium, usually sells more than double the price of Kitco's, that's why poboxw said still under RCM's melt value  |
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Pillar of the Community
Canada
1502 Posts |
! my bad, I meant less than double melt. So, as a commemorative coin from RCM, not too bad. |
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Valued Member
United States
421 Posts |
All I can do is echo everyone response so far, Great set! Really looks like they take a little more pride in the coinage they mint in Canada!
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Pillar of the Community
Canada
3692 Posts |
Terry Fox is already on the 2005 loonie. We don't need to see that guy again.
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Posted 11/08/2011 9:47 pm
