Letting All My Special Mc And VIP Memberships Lapse - Page 6

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Author	Replies: 83 / Views: 8,454	Page: of 6

Redzapsid Pillar of the Community Canada 1571 Posts	Posted 04/07/2016 2:42 pm I think any coins released to date have to be honoured at face value. If they decided to no longer honour $1000 bills, there would be an outrage from collectors that stored a few away when they stopped being made. Report this Post to the Staff
SilverDon Pillar of the Community Canada 2360 Posts	Posted 04/07/2016 5:09 pm Better be honoured at face value, because if they revert to melt value then a $200 for $200 would be worth about $40, 2 ounces of silver. Report this Post to the Staff
Silveroid Pillar of the Community Canada 6767 Posts	Posted 04/07/2016 8:55 pm Take a brief look at the other forum pages - people started to deposit these coins in thousands of $$$, there is no demand on the secondary market, so no one want to stuck with the coins and rushing to bring them to the bank. Report this Post to the Staff
Redzapsid Pillar of the Community Canada 1571 Posts	Posted 04/07/2016 10:46 pm The lack of buyers on the secondary market may be due to the high mintage and being sold for face value from the mint. Why would someone pay higher than face value from a flipper if they can get it for face value directly from RCM? The people rushing to the bank are likely people that were trying to make money off them, not people that bought them for their own personal collection. Report this Post to the Staff
Dcadon Rest in Peace Canada 1360 Posts	Posted 04/07/2016 11:19 pm Quote: Why would someone pay higher than face value from a flipper if they can get it for face value directly from RCM? Or Canada Post for that matter, who have consistently sold the $20/4/$20 coins for $25, while the mint was $20 with free shipping. Report this Post to the Staff
silverwolf Pillar of the Community Canada 3733 Posts	Posted 04/08/2016 08:02 am canada post sells them for 25$ because they pay 20$ each for them, there are no dicounts on any of these type coins.. Report this Post to the Staff
Silveroid Pillar of the Community Canada 6767 Posts	Posted 04/08/2016 09:44 am Quote: Why would someone pay higher than face value from a flipper if they can get it for face value directly from RCM? Here, unlike my previous response, I would say, that couple of years ago (till the 10-th coin), I used to order from RCM and in addition to get some of them from dealer or CP for CAD 25. The reason - bought them for the gift, and unlike the RCM, dealers and CP had them in the sealed external clear sleeve, that was very giftable (and I gave them as small gifts - we had many foreign business travelers) Report this Post to the Staff
SilverDon Pillar of the Community Canada 2360 Posts	Posted 04/08/2016 12:58 pm Quote: canada post sells them for 25$ because they pay 20$ each for them, there are no dicounts on any of these type coins.. Not so fast silverwolf, I got a 25% discount on the $25.00 cost of a 20 for 20 coin and I paid $18.75 for the $20.00 face value coin. Best deal I ever made in buying currency. I went back the next day to try again but they ran out of $20 for $20 coins. Here is the receipt. Not sure you could ever do this again, but it was a great deal. Report this Post to the Staff
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