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 Replies: 22 / Views: 4,254 |
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Pillar of the Community
Canada
2984 Posts |
Quote:^ They're made of silver and are now selling for $25-$35 on ebay. The only one that sell for $30+ is the first $20 for $20. The rest you are lucky to break even. Even if you sell at $25, after ebay fees of 13%, you will end up with $21.75. Buy only if you like the coins, the investment potential is zero due to one huge fact: high mintage of 225,000. BTW, silver content is 7.96 g per coin or .28 oz of silver. Given the price of one oz of silver is around $22, there is around $6 of silver in the coins. The price of silver has to triple+ to get back $20. Edited by MoneyPenney
02/25/2014 12:23 am
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Pillar of the Community
 Canada
1700 Posts |
Does anyone know why the first coin of the series became so expensive in trend?
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Pillar of the Community
Canada
6768 Posts |
Quote:
Does anyone know why the first coin of the series became so expensive in trend? In my opinion, the first coin (as well as all series) was innovative, not expensive item, but the awareness of the wide public was very low upon release. And only later, probably when the second / third coins issued, literally everyone were aware about this series, and by starting to search for the first-second coins, significantly raised demand, which lead to raise in price. And since the mintage for each and every coin is very high, everyone who was interested in the next items, had no issue to buy it for issue price - $20 from the Mint, $25 (sealed) from CP or dealers. |
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Pillar of the Community
Canada
815 Posts |
Dcadon, a Silver Maple is guaranteed by the Government of Canada, and is thus legal tender for all debts, public and private. As far as I know, the same is true of the Silver Eagle.
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Rest in Peace
Canada
1360 Posts |
Why do you 'believe' the government with regards to bullion products that were never intended for circulation, but don't believe them when they say specifically 'legal tender'?
Edited by Dcadon
02/26/2014 08:56 am
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Pillar of the Community
Canada
5324 Posts |
Exactly, isn't a silver maple leaf just another version of a NCLT, logic is exact opposite of the 20 for 20. 1 oz. 5 dollar value, 1/4 oz. 20 dollar value, so a person will only redeem a maple leaf if bullion tanks below 5 dollar.
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Pillar of the Community
Canada
815 Posts |
A silver maple leaf does not occupy the same status as mint product NCLT. The SM is widely recognized, and you will have no problem cashing them in at a bank for $5, regardless of the price of silver.
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Replies: 22 / Views: 4,254 |
First Page
Posted 02/25/2014 10:45 am
