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 Replies: 24 / Views: 2,754 |
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Pillar of the Community
United States
869 Posts |
I always thought they we called bullion rounds. Not coins.  Eather way it looks cool Telfer. How hard is it to buy silver near spot in canada? |
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Moderator
 United States
6563 Posts |
I suppose that a simple determination between a round and a coin of bullion would be whether or not it has a value associated with it such as the ASE. |
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Bedrock of the Community
United States
12437 Posts |
Exactly, a coin will have a denomination backed by a legitimate government. A round would only display weight and purity with no denomination.
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Valued Member
67 Posts |
If the coin has a denomination it is generally called a coin.
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New Member
 Canada
36 Posts |
Coindexter, How hard is it to buy silver near spot in Canada?
Almost impossible in any large quantity.
A Canadian citizen cant just walk into his own national mint and buy a hundred coins.
They will sell you five coins a day at $30.00 an ounce.
Thats $10.00 for the silver, $1.00 for the strike, and $19.00 for the velvet case.
Plus tax!
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Pillar of the Community
United States
869 Posts |
What is on the other side of that coin, Does it say $5 the date and a picture of the Queen on it?
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Pillar of the Community
United States
3098 Posts |
Quote:
Plus tax! I heard the tax rate in Canada is crazy... something to the tune of 15%! |
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New Member
Canada
36 Posts |
8% on pure silver...another 5% on alloys.
Edited by Telfer
12/07/2008 10:55 pm
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Pillar of the Community
United States
3098 Posts |
oooooo..... no milk spots either!
So does anyone here know how I can get rid of those nasty milk spots? One of them just looks like someone sneezed on it...
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Pillar of the Community
United Kingdom
1077 Posts |
Quote:
A proof coin is usually defined as a coin with reflective fields and a satin (acid-etched) relief As far as proof coins go the frosted finish is a relatively new device. British proof coins, for example, only began having a frosted finish in 1980, before that the design was as shiny as the field. |
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Pillar of the Community
United States
507 Posts |
I would call that type of coin "reverse proof". Here is a link to a Coin World article about the process. WheatieFan |
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New Member
Canada
36 Posts |
Theres the post I was hoping for.
Nice work Wheatie...thank you!
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Bedrock of the Community
United States
20753 Posts |
Quote:
I heard the tax rate in Canada is crazy... something to the tune of 15%!
Almost normal. Here in Cook County Illinois the sales taxes are 10.25% And that is on everything. No exceptions. |
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Pillar of the Community
Canada
598 Posts |
Quote:I would call that type of coin "reverse proof". Here is a link to a Coin World article about the process. WheatieFan I read the article. It's confusing as the RCM usually is  . The article is a few years old, and I doubt these coins were struck more than once. It(reverse proof die) is pobably just a nice way to present this design image on this bullion coin. The RCM does that a lot. So, maybe the new Charlton guide will re-define(as they've had to do to other terms in the past because of design changes) the "specimen/reverse proof" definition, which up to this point are used interchangably for Canadian coinage. But, interesting read...thanks  |
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Pillar of the Community
United States
2443 Posts |
Quote:
Almost normal. Here in Cook County Illinois the sales taxes are 10.25% And that is on everything. No exceptions. I know new car purchases are exempt from it. Yup, but you gotta love Cook County and their fair politics. Carl, did you hear about Chicago leasing it's parking meters for 75 years? In five months it's going to cost $6.50 to park on the streets. This is insane! They spend money like crazy and when they run out they come out with some crazy plan to milk the little guy and then go spend that on some more crazier stuff. Anyways, back on topic I think the definition that the original poster posted sounded to be more of the modern proof process. I agree with what others said that it's a coin that has been struck at least two times and special care was taken with it. |
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Posted 12/07/2008 02:33 am
