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 Replies: 70 / Views: 8,842 |
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Valued Member
United States
157 Posts |
Rec'd mine a few days back....very nice. Nice addition to the others.
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New Member
Canada
11 Posts |
What is the silver content of these coins? I've read that you can't spend these coins so I'm wondering if it is worth collecting them.
Thanks
Rookie62
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Pillar of the Community
Canada
3690 Posts |
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New Member
Canada
11 Posts |
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Pillar of the Community
Canada
1189 Posts |
The first coin is now around $45-$50 now. I bought 3 last November for $40 each.
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Pillar of the Community
1007 Posts |
Banks have a special process to accept these coins
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Valued Member
Canada
269 Posts |
@Rockdaddy: they do, but its not that simple.... they need to group them in bags of $100 then label all of them with a bunch of info.... which isn't bad/difficult if you are taking in $100, but two days ago I took in 220 coins.... so it was a headache to say the least.
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Pillar of the Community
1007 Posts |
I didn't say it was easy, just put them on kijiji for face value. Did you have to give them your name when you did this. I'm worried if I did this the mint wouldn't let me buy a large quantity of them.
Edited by Rockdaddy
02/28/2013 9:57 pm
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Valued Member
Canada
269 Posts |
No, I didn't need to give my info..... but after about 30min of trying to figure out the process the manager realized that they have a customer that buys silver coins from them.... they gave him a call and he bought all of them directly. It actually worked out really well because we're likely to do more business with each other in the future.
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Pillar of the Community
Canada
1189 Posts |
Do you know if the customer buy them back in face value or buy silver at spot price?
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Valued Member
Canada
348 Posts |
why would they ever buy them at spot? think about it?
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Pillar of the Community
Canada
1189 Posts |
Why would I have to think about it? While I have the source to ask to confirm.
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Pillar of the Community
United States
1002 Posts |
BiBo > It is inconceivable that the bank would sell them for a spot value of approx $7.50 when they could return them to the mint for $20.
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Valued Member
Canada
269 Posts |
If it is a coin then the bank always buys/sells at face value (3 years ago I was able to get a $100 gold coin - 1/4oz gold - at face), so this case was no different. Banks can buy gold/silver as bullion but it is a HUGE pain in the ***. They have to send it away to get tested, there are shipping fees, etc...... bullion is not bought and sold over the counter anymore. There may be the one-off bank branch that is set up for doing that, but 99% of them aren't.
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Pillar of the Community
Canada
1189 Posts |
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Replies: 70 / Views: 8,842 |
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Posted 02/27/2013 12:49 am
