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Spirit Of Haida Gwaii Solid Gold 10 Kg Coin

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RCM Representative
RoyalCanadianMint's Avatar
158 Posts
 Posted 10/22/2011  07:44 am  Show Profile   Bookmark this reply Add RoyalCanadianMint to your friends list Get a Link to this Reply
I don't understand why someone would want to redeem one of the $20 for $20, but I remember this question came up with our first release. Can you explain why someone would go to the trouble of getting one of these special coins only to then take it to the store to buy something?
Pillar of the Community
jpaiva83's Avatar
Canada
567 Posts
 Posted 10/22/2011  09:08 am  Show Profile   Bookmark this reply Add jpaiva83 to your friends list Get a Link to this Reply
The reasons don't really matter. Any type of emergency could come up and for some reason those $ 20 coins could be the only cash you have left. The question/point he was making is, if the coins are legal tender, where can we spend/exchange it?
Valued Member
realpenny's Avatar
423 Posts
 Posted 10/22/2011  09:17 am  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
Right on jpaiva83!

The " RCM Representative" is like a propaganda machine. I have seen lots of representatives on other forums ie: Ford etc and the representative usually just answers the questions without personal bias (what is art, why would you want to sell) but with facts back from their representative company. I have a feeling this is all about corporations trying to get into the forums to sell you a lifestyle and philosophy etc... marketing garbage. And I agree with the other poster about the Mint not accepting their coins back at face to buy other products from them. To me it shows the business is afraid to touch or buy back their own products... it is legal tender after all. And if it is art or incomprehensible why someone would ever what to sell back then what is the Mint so worried about? The face value is usually lower than the metal value.

But to answer the question: No business has to accept any paper or coin if you are buying. It is the law. End of story. To pay a debt the law lays out what is acceptable or not. You can look it up online.
Edited by realpenny
10/22/2011 09:27 am
Pillar of the Community
jpaiva83's Avatar
Canada
567 Posts
 Posted 10/22/2011  09:20 am  Show Profile   Bookmark this reply Add jpaiva83 to your friends list Get a Link to this Reply
@ realpenny, its Saturday morning at 9:20AM. Lets give her a chance to answer before we call for pitchforks. :)
Valued Member
realpenny's Avatar
423 Posts
 Posted 10/22/2011  09:31 am  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
@ jpaiva83: I made my point. I gave the other "side of the coin". I am not going to hunt down the Mint representative with a pitchfork. I think the Mint representative is a propaganda machine and I am pointing it out. If they want to answer a question with facts fine. But the tactic of questioning back a valid question is unprofessional and seems like lawyer/marketing tactics and I am pointing it out for other members. Some will agree and some won't - such is life.
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 10/22/2011  11:19 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
Perhaps I don't understand the finer points of redeeming NCLT coins for cash value, but I reckon the RCM assigns a face value to these so they are legally, coins. I don't suppose anyone will ever take the 10kg to the bank, and make change.
Locked
822 Posts
 Posted 10/22/2011  11:33 am  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply

Quote:
@ jpaiva83: I made my point. I gave the other "side of the coin". I am not going to hunt down the Mint representative with a pitchfork. I think the Mint representative is a propaganda machine and I am pointing it out. If they want to answer a question with facts fine. But the tactic of questioning back a valid question is unprofessional and seems like lawyer/marketing tactics and I am pointing it out for other members


Wow, you need to lighten up. I'd absolutely love it if a US Mint representative would come on here but I guaranty that will never happen. We're incredible lucky to have the RCM here and if people like you ruin it there will be some very angry members. Funny you never once said a word about "News Boy" posting new topics about new products all the time from the RCM, but you have a problem with RCM.

As far as answering a question with a question, whether you like it or not, I applaud it. I'd much rather have a representative here acting like a normal human being and actually interacting, than just spewing facts like a machine. If you want RCM facts just... Press 1, you don't need RCM.
Pillar of the Community
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Canada
9865 Posts
 Posted 10/22/2011  11:48 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply

Quote:
I don't understand why someone would want to redeem one of the $20 for $20,

If there is nowhere in Canada where NCLT can be redeemed for face value,then by definition they are not coins,they are giftware.
The coins vs. giftware debate has been going on for years among collectors.This section of the forum(NCLT) was created to separate the two factions,that's how heated the debate became.
Valued Member
realpenny's Avatar
423 Posts
 Posted 10/22/2011  12:17 pm  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
First of all scubu do not tell me what I need to do or not. I can think critically and question if I choose to.

Second I am not very angry - get your facts right. And I think a big corporation can handle a little criticism... or maybe not. Maybe the representative is just a cheerleader for the Mint and we are all to fall in line.

Third News Boy can post all he wants about whatever he wants. And I don't have a problem with the RCM - again get your facts right. I have a problem with a corporation trying to be my buddy and not answering negative or slightly unflattering questions. I don't personally care for spin artists. The mint Rep should first answer the question like a professional would then maybe follow up with a question. I am all for full disclosure.

Four if the Mint has the cash to pay a Rep to be our full time buddy the Mint must be doing really well. I guess as our buddy the Mint Rep will never lead us astray and will make it up to anyone the Rep has giving bad personal advice to. Just like a good buddy would.

I have no problem with a Mint Rep on here. But there is a line and if the Mint Rep is going to turn into a cheerleader or spin any valid negatives into positives I think it is fair to point it out. The Mint Rep is most likely being getting paid... it is their job... this is a fair fact to point out. Full disclosure and all.

And a warm welcome for the Mint Rep. :)
Locked
822 Posts
 Posted 10/22/2011  12:34 pm  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply

Quote:

First of all scubu do not tell me what I need to do or not. I can think critically and question if I choose to.


Then....


Quote:
The mint Rep should first answer the question like a professional would then maybe follow up with a question.


So I shouldn't tell you what to do, but you can tell RCM what they should to do?
Valued Member
realpenny's Avatar
423 Posts
 Posted 10/22/2011  12:37 pm  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
^^^ It is their JOB! hahaha... now close your eyes and drink the kool-aid.
Valued Member
realpenny's Avatar
423 Posts
 Posted 10/22/2011  12:53 pm  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
So to RoyalCanadianMint:
If I wanted to buy some milk with a $20 for $20 coin does the store have to take it or not? (I know the answer - most people do not understand fully - so clear it up).
Does a bank have to accept them?
If I go pay a parking ticket with one can I? Is there any limitations?

I have the first series and the second series. I know what I am buying. I know the risks and liquidity and what they sell on ebay and there limitations. I just like straight clear answers... I guess "education is the key to collector success" is lost on some members here.


Edited by realpenny
10/22/2011 12:57 pm
Locked
822 Posts
 Posted 10/22/2011  12:53 pm  Show Profile   Bookmark this reply Add scubu to your friends list Get a Link to this Reply

Quote:
now close your eyes and drink the kool-aid.

Someone gets the best of you and you resort to personal attacks. It was a good debate.
Edited by scubu
10/22/2011 12:55 pm
Pillar of the Community
poboxw's Avatar
Canada
1502 Posts
 Posted 10/22/2011  12:54 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

Quote:
We're incredible lucky to have the RCM here

Absolutely agree. Now only if our mint rep can settle our debates officially and once and for all.
Forum Dad
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bobby131313's Avatar
United States
24169 Posts
 Posted 10/22/2011  1:05 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
So to RoyalCanadianMint:
If I wanted to buy some milk with a $20 for $20 coin does the store have to take it or not? (I know the answer - most people do not understand fully - so clear it up).
Does a bank have to accept them?
If I go pay a parking ticket with one can I? Is there any limitations?


Don't know exactly how it works in Canada, but here in the US a merchant can refuse any currency they want for non-contractual payment. If I went to buy a Happy Meal with Silver Eagles or all pennies and Mickey D's refused, it wouldn't have anything to do with the US Mint, and they are within their rights.
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