Strange Pricing Of "affordable" Gold Coins Available At Mint.ca

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Author	Replies: 4 / Views: 2,123
Dcadon Rest in Peace Canada 1360 Posts	Posted 06/13/2022 2:11 pm The new 1/10th ounce of gold in special holder is priced at $349.95 and is marked as $5.00 face value. The 1/20th ounce (1/2 the size) is priced at $279.95 and it is marked with a face value of $10. So, to buy 1/10, you are paying $3499.95 per ounce ($1200 more than spot) to buy 1/20, you are paying $5599 per ounce (more than $2000 more per ounce) Yet they advertise the 1/20th as "An affordable pure gold coin that is gleaming with national pride." I guess that's why they can double the face value on the coin. Keeping in mind, the current advertised price on kitco is $2350 Cdn./oz. Yesterday when I looked at the invest page on mint.ca - it listed the spot price along with other information - Today, I can't seem to find that reference. Report this Post to the Staff

commems CCF Master Historian of USA Commemoratives United States 12250 Posts	Posted 06/13/2022 3:16 pm I think the denomination issue is because the Mint is considering the 1/20th ounce coin to be a NCLT piece with a unique design vs. a bullion coin with the standard maple leaf. The standard bullion gold 1/20th ounce coins have a denomination of $1.00 vs. $10.00. Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
Dcadon Rest in Peace Canada 1360 Posts	Posted 06/13/2022 6:48 pm As another example take the 1/4 ounce Silver planchet. The 'Bullion' coins as in the fractional sets have them properly at $3 Face Value. But in reality, you can find the same 1/4 ounce coin with FV of anywhere from $3 to $25. Imho...that's just ridiculous. Edited by Dcadon 06/13/2022 6:52 pm Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12250 Posts	Posted 06/13/2022 8:50 pm @Dcadon: I agree. I've posted before about how the 36 mm planchet used for Canada's silver one dollar coin has also been used by the Mint for $5, $8, $10 and $15 coins. How does that make sense? Of course, it doesn't, but the reason it happens on the Mint's non-circulating legal tender (NCLT) releases is because the Mint views the denominations on such collector coins as "symbolic" and not meant to represent any value relationship with other coins it produces. Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
vonigohcr Pillar of the Community Canada 665 Posts	Posted 06/14/2022 4:56 pm The whole thing about using a single planchet for multiple face values and then inverting face values for coins of decreasing intrinsic value... To be honest, I don't think the RCM have a clue when it comes to applying a FV to their NCLT. As to your note Quote: An affordable pure gold coin that is gleaming with national pride I can only assume that "affordable" is a reflection of the fact that it is more affordable to dig a $300 hole in your wallet than a $3,000 hole regardless of the intrinsic value of that item. Report this Post to the Staff
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Strange Pricing Of "Affordable" Gold Coins Available At Mint.ca