Any $20 For $20 Worth $30?

Again, you are not reading and understanding. The $20 face value is a real, accepted value - backed by not only the mint, but the bank of Canada. There are ways in place at most national banks for them to receive your $20 coins at face value. It is in YOUR best interest to exchange any NCLT coins at a coin dealer - where you will likely get a better value for your coin then just the face value.

Anjou, here is the information that directly contradicts what you have said! (find it here: http://www.mint.ca/store/mint/custo...+Service#Q1a )

Q: Can I redeem a collector coin at a bank or use it as currency to purchase goods or services?
A: All coins manufactured by the Mint are legal tender. However, unlike Canadian circulation coins, collector coins are non-circulating legal tender (NCLT). As such, these coins are not intended for daily commercial transactions and accepting them as payment or for redemption is at the discretion of businesses and financial institutions.

The Mint has a process in place to reimburse financial institutions the face value of redeemed NCLT coins, once they have accepted them from a customer and returned them to the Mint. In the event a bank branch is unaware of this procedure, customers are advised to contact the Mint with the coordinates of the bank branch, which will take steps to inform the branch of the redemption process.

As collector coins can only be redeemed at face value by businesses and financial institutions willing to accept them, it is recommended that individuals wishing to sell a collector coin first consult with a coin dealer, who is more likely to offer a price above face value.

Dcadon, with all due respect, and I am not trying to be a contrarian here, you are wrong. Non circulating legal tender does NOT have to be accepted by ANY bank or financial institution. They CAN elect to, but they could elect to take in monopoly money as well. If you have $1000 in these, and I have $1000 in cash, and we both need money right away, you have absolutely no assurance of access to your money. In short, they are a terrible investment. Better to buy pre 69 junk silver, at least that is backed by the face value.

Ps, sorry for the side step. I don't think it could be argued any further.

As for the $30 20/4/20 coin, I only know that the first one commands much premium.

this is the mint's take on things..Can I redeem a collector coin at a bank or use it as currency to purchase goods or services?
All coins manufactured by the Mint are legal tender. However, unlike Canadian circulation coins, collector coins are non-circulating legal tender (NCLT). As such, these coins are not intended for daily commercial transactions and accepting them as payment or for redemption is at the discretion of businesses and financial institutions.

The Mint has a process in place to reimburse financial institutions the face value of redeemed NCLT coins, once they have accepted them from a customer and returned them to the Mint. In the event a bank branch is unaware of this procedure, customers are advised to contact the Mint with the coordinates of the bank branch, which will take steps to inform the branch of the redemption process.

As collector coins can only be redeemed at face value by businesses and financial institutions willing to accept them, it is recommended that individuals wishing to sell a collector coin first consult with a coin dealer, who is more likely to offer a price above face value.

Yeah, the same discretion have A LOT of businesses to not accept $100 bills and even $50 so what?

There is a massive, massive difference. A business can refuse any payment means, since they can refuse any business. A financial institution CANNOT refuse paper money of any kind, nor can any institution refuse paper money for debt payment.

I want to say this as delicately as possible, but you people are dancing around the truth, and drinking the mints koolaid. The bottom line is that these coins are overpriced bullion with NO other intrinsic value UNLESS the bank agrees to what is essentially a wholesale brokerage arrangement between you and the mint. This has nothing to do with their normal business, and is not guarenteed.

Your argument is that there IS a process, but it isn't easy. You are incorrect. There is NO certainty that ANY bank, even one you owned yourself, will take in ANY NCLT, no matter what "level" of customer you are with them. For paper money, this is most definitely not the case, and rolled coin typically is fine.

I don't want to sound obtuse, or pick a fight, but all of you claiming they are redeemable at a bank are irresponsible, and propping up the mints shady marketing of this NCLT product as a de facto currency exchange, or a "no lose lottery". You most definitely CAN lose, and you most definitely HAVE NO guarantee of re-exchanging your $20 coin for $20 Legal Tender, so please stop arguing otherwise.

I am a small coin dealer myself, I have tried to cash these in, I have dealt with branch managers, I have contacted the mint, I know what I am talking about. I will not argue about this further, but I *WILL* correct any false information any of you provide to the uninformed, to save them the inevitable heartache, because I doubt *you* will agree to take their coins for $20/ea when they are stuck and need a muffler repair done, or a roof repair, etc.

The 20 for 20 coins were created to bring new collectors into the hobby, but some how the reps allowed unlimited purchases of these coins, kind of defeats the purpose in the first place. These coins must cost the RCM to produce, as for the banks, they all make between a billion to 2 billion every 90 days, I don't think sending a few 20 for 20 coins back to the mint will break the bank, plus they are reimbursed anyway

Again, not the point. The fact that it is likely that someone will exchange $20 for obe is moot. We are talking about the printed face value, and the IMPLIED and ouright ADVERTISED liquidity of the coins. They have no liquidity, bottom line.