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 Replies: 91 / Views: 19,595 |
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Pillar of the Community
Canada
2845 Posts |
@ Coinsplus, that's interesting and yes indeed, somewhere in the dark recesses of my mind I recall that occurring. After RCM worked a deal with RBC, other banks began cashing them but shipped the coins to RBC for compensation. Also, the Currency Act lists no Canadian coin ever being demonitized. Thank you for sharing your insight. |
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Valued Member
 Canada
217 Posts |
Thanks Coinsplus. it seems not that the 1976 series was demonetized, but that it wasn't really fully monetized in the first place! Anyway, it stands as a good lesson on the strange grey area that NCLT lives in as far as getting the face value back.
Think I'll cash some in - though I do love the maple leaves, the canoe, the polar bear, rudolph, Santa....Jeez, maybe I love em all after all....
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Pillar of the Community
Canada
1027 Posts |
@rockfish I like all of them too. I have placed them in the 20/25 face value box offered by RCM. I also kept one each of the $100 face value series and kept 2 of each of the $200.00 face value coins as well. I am taking my chances and will keep all.  Edited by New1954
05/01/2017 08:24 am
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Valued Member
Canada
217 Posts |
Is that box still around? I'd love to get one.
I ended up keeping one of each and doubles of all my favourites and with the trade in picked up a gorgeous $100 Canadian gold. My LCS guy gave me full value, but knew I was trading not selling. He said a lot of dealers are not offering full value. I kept all of my canoe ones. The design is so calmly eerie - like a fine art piece in your palm.
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Pillar of the Community
Canada
6768 Posts |
Quote:
Is that box still around? I'd love to get one. Instead of that box, consider getting this box: Presentation case for 35 Canadian "$20 for $20" silver coinshttp://www.thecoinshoppe.ca/present...ilver-coins/ **Looks great, wooden **Discounted **Lighthouse **Canadian dealer |
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Pillar of the Community
Canada
1027 Posts |
@rockfish Silveroid recommends a great wooden box which is excellent. I put mine in that RCM issue box with the pics of the coins. It is a cardboard box and you can place the certificates underneath coins in its own compartment. The problem was the canoe card was too wide to fit. So, when complaints came in, RCM issued replacement cards for the canoe certificates to fit. CC&C still sells it at issue price. They also carry the wooden box that silveroid suggests. Prior to RCM issuing new canoe certificate for the canoe, I just inserted underneath the plastic container the box comes in. No big problem. CC&C offers free shipping on orders over 150. The coins shoppe offers free shipping over 200. The cardboard box was 29.95. Good luck. |
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Valued Member
Canada
217 Posts |
That's what I'm looking for!
Yeah baby, yeah!
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Valued Member
Canada
413 Posts |
Unloaded mine at the bank last summer and bought my 48 SD with the funds
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Pillar of the Community
United States
2408 Posts |
Thanks Silveroid for the link. I ordered a presentation case today for $US 37.70 including shipping. Finally a home for my coins.  Edited by canadian_coins
05/06/2017 01:15 am
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Pillar of the Community
United States
2408 Posts |
Received my case and happy with the purchase for the price. It is nowhere near the quality of RCM's collector case but again, for the price...  PS: coins are not in any particular order. |
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Pillar of the Community
United States
2408 Posts |
Now in a particular order...  |
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Moderator
 Canada
10458 Posts |
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
411 Posts |
Thanks for posting the CBC article SPP- Ottawa. I'm not sure I agree with a lot of it and especially what Henry Nienhuis, president of the Royal Canadian Numismatic Association had to say. "At the very beginning of the series, people purchased them thinking that they . could go to a store and actually spend them," he said from Woodbridge, Ont. But banks and shops won't touch them, and lately "the novelty is worn off."
I have the every Face value coin in my collection and can take them to my bank tomorrow and cash them in if I wanted.
I think the reason most people were cashing them in is for credit card rewards and personal reasons not the price of silver. I'm not an expert and maybe I'm looking at it wrong but I really don't care what the price of silver is as long as the mint honors the face value of the coin. If in the future they decide not to honor the face value I'll be off to my bank to cash them in. In the mean time I'll enjoy my collection.
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Pillar of the Community
 Canada
9864 Posts |
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If in the future they decide not to honor the face value I'll be off to my bank to cash them in. The banks that accept them only do so as agents of the mint, the mint pays them $20 plus a handling fee. Within a microsecond of the mints decision not to honor them the banks will follow suit. If the handling fee the mint pays is reduced to a point where it becomes unprofitable to accept these the banks will refuse to cash them.There is no law in place that banks must accept them. I believe that in the not too distant future you will only be able to redeem them as payment towards new mint products. Time to order my Lighthouse case before I forget, down to about US$30 now. "Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
05/22/2017 12:29 am
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Pillar of the Community
Canada
5324 Posts |
One has to think the RCM's crack legal teams advice for these xforx coins, due to their marketing promise comes with unlimited liability for future redeeming or the RCM would have instantly ceased redemption by now. Yes when has the banks ever offer any service for free, you can't make 2 billion every 90 days by being kind and generous. |
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Replies: 91 / Views: 19,595 |
First Page
Posted 03/03/2017 08:53 am
