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RCM New Release: 2017 Pure Silver Coin - Spirit Of Canada

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CCFPress's Avatar
United States
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 Posted 09/26/2016  2:31 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
Royal Canadian Mint - New Releases: 2017 Pure Silver Coin - Spirit of Canada

Designed by Steve Hepburn, this coin presents a cross-country journey that ties together some of Canada's most iconic images—particularly those that have come to define the Canadian experience, and the landscape itself. The upper portion features that celebrated emblem of Canada's Pacific coast, the orca whale. The scene transitions smoothly to the northern coastline of the Canadian Arctic, which is represented by an inukshuk and a polar bear with cub. Beneath these are the majestic Rocky Mountains, which once made the land seem impenetrable to early European explorers. The peaks tower over the vast boreal forest on the left, which stretches across much of Canada, and the agricultural landscape of the Prairie provinces on the right, where a tractor is at work in a hay field. Atlantic Canada is represented by a Nova Scotian/New Brunswick Herring Seiner, which slightly overlaps the stirring image of a raised Canadian flag blowing in the wind. Finally, the nation's northern climate is represented by the heartwarming image of two youths playing Canada's beloved winter sport: hockey.

2017 Pure Silver Coin - Spirit of Canada
RCM-New-Release:-2017-Pure-Silver-Coin-–-Spirit-Of-Canada


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Canada
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 Posted 09/26/2016  2:41 pm  Show Profile   Bookmark this reply Add shopaholic to your friends list Get a Link to this Reply
Is it a mint to order coin? I can't find the mintage on Mint's website.
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 Posted 09/26/2016  3:57 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
There you go... a coin with a lot of the 'elements' of Canada, and under $20. So, why could they not have put a face value of $20 instead of $3, and called this the next 20/4/20 coin? It would have made a great addition to the set.
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 Posted 09/26/2016  4:27 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
There you go... a coin with a lot of the 'elements' of Canada, and under $20


Is the price of the coin under CAD 20?
Or the face value?

Without knowing the details, I would guess that this 1/4oz silver coin priced ~ CAD 40
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CoinCanuck94's Avatar
Canada
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 Posted 09/26/2016  4:28 pm  Show Profile   Bookmark this reply Add CoinCanuck94 to your friends list Get a Link to this Reply
You are better off buying a 20 for 20 instead of this. No mintage figure on this coin is a shame.
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 09/26/2016  4:39 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
Is the price of the coin under CAD 20?
Or the face value?

Without knowing the details, I would guess that this 1/4oz silver coin priced ~ CAD 40




Face value is $3.

Selling price is $19.95
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silverwolf's Avatar
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 Posted 09/26/2016  4:43 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
it is also sealed right in the cardboard display, not like a traditional 20-4-20..
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 Posted 09/26/2016  4:46 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Thank you, MoneyPenney

The price makes it "nice small thing to keep" - as memory of the 150 Anniversary for Canada

[low face value comes to protect the coin from depositing (like the 20for20) - cause not ethical to sell the "Canada"]
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commems's Avatar
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12270 Posts
 Posted 09/26/2016  4:58 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
It might be evidence of the RCM starting to step away from the $20-for-$20 program.

With this new approach, they can continue to sell a ¼ ounce silver coin for $20, but, by putting a $3.00 denomination on it, they will not have to assume the liability associated with having to buy back the $20-for-$20 coins that folks cash in at their local bank.


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Earle42's Avatar
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 Posted 09/26/2016  6:45 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
This is beautiful.
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Redzapsid's Avatar
Canada
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 Posted 09/26/2016  7:07 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
Welcome to the $3 for $20 series.
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Canada
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 Posted 09/26/2016  7:47 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
Welcome to the $3 for $20 series.


But this is the same "concept" like $10for$40 and $20for$100, which absolutely normal by RCM and exists for years.

Do not forget, that these $3 probably will not have 200K+ mintage and (my assumption) the finish is Proof.
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Redzapsid's Avatar
Canada
1571 Posts
 Posted 09/26/2016  7:53 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
I meant, I think they are testing the waters to see if $20 for $20 buyers will snatch them up.
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SilverDon's Avatar
Canada
2360 Posts
 Posted 09/26/2016  8:08 pm  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply

Quote:
and (my assumption) the finish is Proof


Very small canvas for all that art, kinda busy.
No, finish is specimen, same as 20 for 20 - Reverse Proof.
Same as SML, Maple Leaf 1/2 ounce Series, Zodiac 1/2 ounce.
This is packaged in a Card, no clamshell, no mintage,
until supplies last perhaps. A 1/4 ounce coin for $20,
no matter how you slice it you pay the same as 20 for 20
without the ability to redeem. You could buy a full
ounce SML in reverse proof for another $10.



Edited by SilverDon
09/26/2016 8:25 pm
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Dcadon's Avatar
Canada
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 Posted 09/26/2016  8:10 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply

Quote:
But this is the same "concept" like $10for$40 and $20for$100


Doing the math, these are a deal from the mint, for the silver content. No other coins are offering 1 ounce of silver for under $100 - these ones are $80 - despite only $12 of face value (4 coins @ $3/ea)
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Canada
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 Posted 09/26/2016  8:27 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
Thanks for detailed description, guys.

Yes, you right, this seems to be same level product as 20for20.
But how did Mint put so reach design on the 27mm coin?

Checked the mint page....no, this not for me.
Coin on card - it could even doesn't have dedicated capsule.
Kind of preudo-gift.
But to give to someone CAD 3.00 face value gift?

Edited by Silveroid
09/26/2016 8:31 pm
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