Opinions On Future Of $20 For $20 Series

Do not see any reason, except design liking, to keep duplicates of these.
"Unload while you can":
Let's say, banks will stop take them for face value.
How much you will loose on every coin, unloading them for melt - CAD 15?
And how much you will lose on each and every 1oz RCM "not popular" coin, that you bought for CAD 100 and unloading for melt (the LCS will pay melt only)? Approximately CAD 70....

So....to deposit for quick cash - yes, otherwise - keep one set in the collection, imo.

I think every collector would have a different answer depending on their reason for buying XforX at the onset. .

I don't recall the 76 Olympic set was ever demonized. Regardless it's a moot point because their present bullion value is greater than the face value, much like all other NCLT.

The X for X face value program is truly unique because as you mention the silver value is far lower than the face value, appx 1/3rd of it.

In RCMs 3q financial statement, one of the reasons mentioned for the unexpected volume of redemptions was an Expriry Date on face value redemptions hadn't been stipulated. Could that be a forewarning? Maybe, considering RCMs redemption process through banks was never formalized by government policy or legislation.

So I suppose you have various options.
1) if your 20 for 20 has absolutely no special significance to you, why wait. You might as well cash it and do something more meaningful with the proceeds.
2) Keep it and if RCM issues an expiry date, decide then.
3) Risk the low likelihood that suddenly one day, redemptions won't be honoured. Or that RCM could make redemption highly inconvenient or costly - ie shipping coins directly to them, unknown duration awaiting reimbursement.

Just my opinion.

For the first 12 or so, I ordered three of each. I then went down to just two of each until the series ended. I traded in my triples, and 100x100 and 50x50 for a nice 5 dollar gold coin at a LCS a year ago. Then about a month ago, I thought "why am I keeping the doubles?" and traded those in for a nice gold sovereign. I'm now left with just one of each, which I'll hold onto. No real reason to keep extras at this point. I don't see these ever being worth much more than $20, even accounting for the fact that many will be melted down.

I think that might be an error on the part of numista.

I doubt the Olympic coins have been demonitized. Can anyone confirm?

I agree, I'm quite certain it's just an input error by someone at Numista. FIeld hockey is the only $10 of all of them that's indicated as demonetized. It'd all or none.

https://en.numista.com/catalogue/in...y&cu=y&cat=y

It would be worth-while.

If I owned a LCS and you were going to buy other items with good margins why not, the store can just deposit them in as daily deposits.

In the 1990s,the Montreal Olympic $5 AND $10 coins were not worth their Face Value at the banks. No Canadian banks were accepting them as the banks could not get reimbursed by the Royal Canadian Mint. In the 1990s when an ounce of silver was only trading around $4 US an ounce and going no where,the FV of the coins were worth than the silver content. My local coin dealers were only paying what the silver was worth, and people actually cashed them in as they could not cash them in for FV. I saw $5 coins being bought by dealers for around $3.50 and $10 coins bought for $7. There was a lot of outrage from citizens holding these coins that it made it to the media in 1996. Due to wide spread complaints and criticism of the government, the Royal Canadian Mint eventually struck a deal with the Royal Bank of Canada to accept the coins at FV in 1997, indefinitely. My LCS that bought bag loads of thee coins below FV, took them to the RBC and made a good profit. I bought the coins below FV myself and kept them... And got lucky when silver spiked to $40 an ounce.