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Maple Leafs Mint Question

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Author Previous TopicReplies: 4 / Views: 1,499Next Topic  
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mtuma3's Avatar
United States
743 Posts
 Posted 08/26/2017  5:56 pm Show Profile   Bookmark this topic Add mtuma3 to your friends list Get a Link to this Message Number of Subscribers
This may be a dumb question for my northern friends, but why can't you buy 1 oz Maple Leafs from the Canadian Mint? I think they are beautiful coins, but I have to buy them from dealers. There must be some reason they do that?

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Mark
ANA Member

My7070
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silverwolf's Avatar
Canada
3733 Posts
 Posted 08/26/2017  6:02 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
The reason is why would they want to sell them one or two at a time. When through dealer's they can sell them 500 or more at a time..Logistically it wouldn't make any sense to try to make a dollar on one coin at a time, this would also interfere with their online sealed bullion coin program, where they charge at least 2-3 times silver value for a coin in a box.
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mtuma3's Avatar
United States
743 Posts
 Posted 08/26/2017  6:21 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
OK... I'm not familiar with the online sealed bullion coin program, but I'm guessing it's like the US Mint selling Eagles for $45 with box & COA, when you can go to dealer and get a bare coin for $20... Thanks for the reply.
Mark
ANA Member

My7070
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Petersun's Avatar
Canada
1700 Posts
 Posted 08/26/2017  8:04 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
You are able to purchase silver maples with certain privy marks. However, they are far more expensive (they are sold at prices similar to commemorative one-ounce maples).
The best way to explain the difference between bullion strikes and collectible strikes is through the US 5-ounce ATB silver coins. The bullion coins can only be purchased through dealers, whereas the "P" mint-mark collectible version is available online at about 2.5 times BV.
I would just walk into a Bullion Exchange and get maple(s) on days when silver price is good.
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mtuma3's Avatar
United States
743 Posts
 Posted 08/26/2017  9:40 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
The regular 2017 BU 1oz Maples leafs here are about $20-$21 US new, the BU ones with the privy marks are about $28-$30 US.
I was just curious why the Mint didn't offer them.
Thanks much...
Mark
ANA Member

My7070
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