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Deer, OH Deer, OH Deer!

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United States
6106 Posts
 Posted 03/14/2021  09:58 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

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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Canada
17844 Posts
 Posted 04/08/2021  06:36 am  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
2021 South Africa
1oz 999 Fine Silver Krugerrand Coin

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United States
102028 Posts
 Posted 04/08/2021  10:07 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
2021 South Africa 1oz 999 Fine Silver Krugerrand Coin
Very nice!
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Canada
17844 Posts
 Posted 04/23/2021  09:56 am  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
1973 South Africa.
2 cents.

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United States
102028 Posts
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Canada
17844 Posts
 Posted 04/26/2021  9:00 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
1994 Tanzania.
100 Shilingi

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United States
102028 Posts
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Canada
17844 Posts
 Posted 04/29/2021  9:59 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
1971 Canada
Dollar
1871-1971 British Columbia.


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United States
102028 Posts
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United States
6106 Posts
 Posted 04/30/2021  09:59 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
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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Canada
17844 Posts
 Posted 05/19/2021  10:11 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
1971 Republica de Chile.
5 Escudos.

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United States
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Canada
17844 Posts
 Posted 06/17/2021  11:36 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
1985 South Africa.
20 cents.

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