Silver Coins , Mint Buy Back Query.

Any silver coins SHOULD NOT be returned, through the banks, to the RCM.. All those coins are worth MUCH MUCH LESS at face value than their worth when sold for their silver content as scrap.

Some of the NCLT 1 oz. silver coins has a face value of 10 dollars, but the bullion value is around 21 dollars so the melt value is greater than the coin's face value except the 20 for 20 coins, you can deposit into your bank a half oz coin for 20 bucks. There is a very few coins a year that do gain value like the UFO coin and some baby sets the rest are really hard to sell, the RCM has flooded the market

Yes, but take them to your home branch and tell your favourite teller that the RCM has a procedure in place to redeem the x for x coins at face value, the RCM will pay the fees to the bank for doing this. Actually the 20 for 20 coins are only 1/4 oz. silver content, my mistake

To clarify, the $20 for $20 pure Ag coins contain 1/4 oz of AG, Not 1/2 oz, correct?

You will if one day they end the redemption program.

The face value coins $20 for $20, $50 for $50, $100 for $100 and $200 for $200 will all net better values if you return them through the bank... They have 1/4 oz, 1/2oz, 1oz and 2oz of silver respectively and the face value exceeds their bullion value, in some cases, by quite a bit. As noted above, the banks have a process to redeem these but my experience with the Royal Bank is that you have to go during East Coast business hours Monday-Friday as they need to call the RCM to confirm the process. It might be different at other banks or at a main branch but my suburban branch needed to call.

All other coins including any circulating silver from 1967 and earlier or any gold or silver NCLT will net better value than face if sold as bullion (1967 and earlier circulating dollars are worth around $11CDN bullion regardless of condition). Of course NCLT sold for bullion will probably net you a loss if you purchased at NCLT prices.