Availability Of The $20 For $20 Coins

I don't have a problem with a small markup. I am just surprised at the lack of complete sets offered. I should elaborate by complete set, I mean everything, which includes the $25, $50, $100 and $200 coins. According to the spreadsheet I made, the total face value is $2620.

There is a big difference between the RCM and Royal Mint XforX coins, The Royal Mint are demonetized.

I would not say "zero" demand for them. The correct term is "low" demand. There are plenty of them on ebay but most list or sell at slightly above issue price. Factoring in selling fees and shipping costs you barely break even or lose money. So there is no point in putting them up for sale.

I have every single one of the $20, $25, $50, $100. I have not sold a single one or return any to the bank. Must have $5000 worth of them. Too lazy to list on ebay or bring them back to the bank.

So if anyone on this forum want any coin at face value, give me a PM. I am in the Vancouver area.

Which banks can you take them to now a days?

It is ironic that these coins, the $20 for $20 / $100 for $100 are made of pure silver, yet it's the plastic polymer notes that people would prefer. If I were a betting man, and the world was in crisis and our dollar crashed, there would be a scramble on getting these coins instead of holding on to worthless plastic that has no intrinsic value! ;)

@coinsplus

Not sure I agree... If the dollar collapsed and the world was in crisis then Silver, Gold and all PMs will be effectively useless. When you are two meals away from survival, the necessities of survival take precedence... Food, Clothing, Shelter and the means of defense will carry the premium prices. It is the old Midas conundrum. You can't eat gold or silver to survive... Chickens will be a much more valuable currency.

@John100

Not sure I understand. An authorized financial instrument worth $20CDN (whether a Silver coin or a paper /polymer note) will always have $20CDN in value in Canada. Over the last 10 years, the value of $1.00 CDN has ranged from $1.05 US to the current 75 cents. Every country experiences inflation where the buying power of $1 drops by a little bit each year... Different economic policies and global demand for a country's products will all factor into the mix of relative values of currencies. To a certain extent, it doesn't really matter what currency you are buy in as long as you sell in that same currency... Playing currency arbitrage is a job for speculators who are consistently on top of the markets; generally speaking if you dabble in it... you will lose.

@John100

I don't share your experience. Although I am based in Canada, I work for a US based multinational services company and every customer we have wants to pay in their local currency and every supplier we have wants paid in their local currency. In the Netherlands, folks want to pay and be paid in Euros, in Abu Dhabi - Dirhams, in Australia - AUD and of course here in Canada - CAD. It may be different if you are trading in a global commodity such as Oil or Gold but most regular goods & services are transacted in local currency.

Trust me... I would prefer if everyone used a common international currency as it would make monthly P&L reconciliation soooo much easier but we are not there... yet.