Question. On Buying RCM Coins That Hold Their Face Value..

May be just my Two Cents but one thing to consider with coins, especially NCLT, is that there's two ways to look at each coin - the face value of the coin and then there's the market value of the coin. Just because the coin has a face value doesn't mean itll be easy to get that price. Take all those sports cards you referred to, on a pure price per card value, most of them probably have a cost value attached to them of about .18 cents. Doesn't mean you can necessarily get that .18 cents easily. And those $20 for $20 coins you mention, most of those you could sell for more than face value.

Long ramble short, think beyond what the item is or says its worth and think in terms of what you could realize if you were to try and sell it.

Just because you have something that is commonly thought to be worth $1000, until you sell it for $1000 all you have is the item.

No, you can't take it to the bank and deposit into your account. There is a whole long topic (or more) here somewhere about this exact problem, I'll see if I can locate the thread.

Here you go... 29 pages of reading...

https://goccf.com/t/79692&whichpage=7

I ‘m a bit confused by your question, but I'll try to provide a few thoughts for you to consider.

If you look at the non-circulating legal tender (NCLT) silver and gold coins being offered today by the Royal Canadian Mint and other world mints, their ‘face value' is almost always less than the price it takes to buy the coin. (The current RCM $20 for $20 coins are the exception.) For example, the RCM currently offers a silver coin and a gold coin commemorating the 100th anniversary of the Canadian Artic Expedition. The silver coin has a face value of $1.00 but a proof version of the coin is sold by the RCM for $60; the gold coin has a face value of $100 but sells for $600. The value of the precious metal in each of these coins in more than their face value, but their selling price is significantly higher than their precious metal value.

If you were to buy either of these, I think you'd hope their numismatic value never gets anywhere close to their face value. The value of many, but not all, modern NCLT coins trends toward the value of their precious metal content after a few years (sometimes sooner). Generally, it's not recommended to invest in things that are marketed as "collectibles" â€" all of the RCM's modern products are produced as collectibles. I'll leave it to you to decide the worthiness of their investment potential.

If you are looking to purchase only coins that will be worth the same (at a minimum) or more in the future, it would probably be best for you to focus on the key and semi-key issues of Canada's circulating issues (especially during the circulating silver era), or on pure bullion coins.

Modern commemorative and thematic NCLT coins can be attractive and enticing, but investing in them is tricky business and likely to fall short of your return-on-investment hopes unless you are very lucky.

Just my thoughts...

Thanks commems..

Very well, said..i just don't want to get caught up buying everything as I did with sports card..i have to stay focused on what I like and what I want to collect, and also to really stay away from other things(still have to learn what those are)... I know it is a hobby but there is always the investment part of it, I am not just going to buy it because it is new. and spend hundreds of dollars on something that is actually worthless in a sense.. I was thinking the 20 for 20's were a good thing, seeing that you cant lose on your 20 dollar investment, because they are still legal tender and the face value is 20 dollars..but are they.?


I am still learning everyone..And I thank everyone who is helping me learn this new hobby!
It is so much fun sorting pennies every night with my girls...:)

I'd rather buy NCLT coins than buy lottery tickets everyday.

Banks will take them, there's a special process the mint has for banks to return the coins to the mint.

There's nothing really safe and keep the same value. Even cash, over time, with inflation, it doesn't hold the same value. A penny used to get me one Jelly bean candy at quickie. Now, I can't buy anything with a Penny. NCLT, some coins will keep its value, some will gain enormous value and many will loose it value. If you want something safer, you can try Bullion. There are different types of collection available. For example, there's Chinese Panda, Canadian Wildlife series, Somalian Elephant to name a few that have different looks each year. At least with bullion, you pay for the amount of silver content in the coin plus a premium. If the price of silver goes up or the demand of the coin is high, you can sell it back out at the "market" price. Worse case scenario, you sell the silver content of the coin. That being said, there's no guarantee that silver price will rise, there's always a chance the silver price goes down. for Example, when I brought my Antelope a few months ago, silver price was high and I paid close to $38 per coin. Now it cost less because the price of silver came down. So buy what you can afford and what you like but be prepare that there's might be a chance you loose some money on it. It's like going to the casino, chances are, you loose money. But you may win one of those day but you probably loose many nights. Important part is, hopefully, you had a good night out and not go pass your limit

WoW! Thank you Lostwords I can sleep tonight.