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CANADA introduces 99.99% silver coins for circulation. Silver is money.

 
wisc_natureboy
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User ID: 1351130
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04/21/2011 05:42 PM

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CANADA introduces 99.99% silver coins for circulation. Silver is money.
Canada values silver at $80/CAD per ounce.

Right from the Canadian mint website:

Exchange $20 paper for a $20 pure silver (99.99%) coin


[link to www.mint.ca]

They have a $20 pure silver coin .999 fine. It weighs 1/4 Troy ounce.

Composition 99.99% pure silver
Weight (g) 7.96
Diameter (mm) 27
Edge serrated
Face value 20 dollar

Last Edited by wisc_natureboy on 10/04/2011 09:41 AM
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Anonymous Coward
User ID: 847175
Canada
04/21/2011 05:46 PM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Sold out......
wisc_natureboy (OP)

User ID: 1351839
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04/21/2011 09:40 PM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Sold out......
 Quoting: Anonymous Coward 847175


Yeah, folks are paying $40 each for 'em on E-bay
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wisc_natureboy (OP)

User ID: 1351839
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04/22/2011 08:44 PM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
A GLP AC is over visiting, and I am bumping this for him. ;-`)


bump
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Raggs

User ID: 1246674
Canada
04/22/2011 08:49 PM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Good to know thanks OP. :)
wisc_natureboy (OP)

User ID: 2598273
United States
10/04/2011 09:21 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
The Royal Canadian Mint has released a 2nd pure silver coin with a $20 face face.

.25 oz for 20$ is valuing silver at $80/oz.

For a limited time, this new $20 pure silver coin is available for only $20.



Top three reasons to buy this coin today:
• 99.99% pure silver
• No taxes – HST/GST/PST exempt*
• The last coin sold out in 29 days

[link to www.mint.ca]
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Madame X

User ID: 628775
Canada
10/04/2011 09:32 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Thanks for the tip, wonder if they sell them at the mint itself.
That way I could save myself the $2.99 s&h charge.

Damn I'm cheap.
"The wise man's home is the universe." ~ Democrites

Catch the blue train...somewhere down that crazy river.
Anonymous Coward
User ID: 1404507
United States
10/04/2011 09:38 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Defacto $80oz silver!
gingie369

User ID: 1266452
Canada
10/04/2011 09:39 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
What if the price of silver goes higher..it will no longer be worth only $20.

Silly move, I think.
N3m3s1s

User ID: 1384288
United States
10/04/2011 09:46 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Canada has set the peg. The fact that these are already sold out and that they are "limited" just shows that this is a test/experiment of sorts..
telling it straight

User ID: 1461054
United States
10/04/2011 09:48 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Canada's always had 99.99 gold and silver maple leaves. Nothing new here.
wisc_natureboy (OP)

User ID: 2598273
United States
10/04/2011 09:53 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Canada's always had 99.99 gold and silver maple leaves. Nothing new here.
 Quoting: telling it straight


5$ face value for a full troy ounce is very different than $20 face for .25 OZ. of silver.

Maple Leafs, by design were never intended to circulate at face value, these are.

This is something very new.
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Carol B.

User ID: 1265827
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10/04/2011 09:53 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Sold out......
 Quoting: Anonymous Coward 847175


dang...that happened fast.
Carol B.

User ID: 1265827
United States
10/04/2011 09:55 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Thanks for the tip, wonder if they sell them at the mint itself.
That way I could save myself the $2.99 s&h charge.

Damn I'm cheap.
 Quoting: Madame X


It's good to be cheap!
KingDingaLing

User ID: 2622703
United States
10/04/2011 09:55 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Until silver is pegged, I wouldn't trade in that $20 coin for anything.
wisc_natureboy (OP)

User ID: 2598273
United States
10/04/2011 09:56 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Sold out......
 Quoting: Anonymous Coward 847175


dang...that happened fast.
 Quoting: Carol B.


No, not sold out. The first issue back in April sold out in about a month. These went on sale yesterday.
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doomsdays doorstep

User ID: 1530795
Canada
10/04/2011 10:22 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
I just bought 3 coins. One small detail - they added 39 cents HST (Harmonized Sales Tax) to the $ 2.99 shipping charge. So the total comes to $ 63.38.
Carol B.

User ID: 1265827
United States
10/04/2011 10:24 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
I just bought 3 coins. One small detail - they added 39 cents HST (Harmonized Sales Tax) to the $ 2.99 shipping charge. So the total comes to $ 63.38.
 Quoting: doomsdays doorstep


WTF is a harmonnized sales tax?!
Frater

User ID: 418975
United States
10/04/2011 10:24 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
$42 for a full ounce coin on ebay.

Canadian Maple leafs or US Walking Liberty.

Half the price for silver over that.

Of course collectors value..

But 1oz silver coins are perfect for "spending" if TSHTF.

Gold is better for hedging due less weight.

In the near term though we can expect deflation IMO.

Frater
LVX!
Matt
User ID: 256987
United States
10/04/2011 10:27 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Sold out......
 Quoting: Anonymous Coward 847175


dang...that happened fast.
 Quoting: Carol B.


No, not sold out. The first issue back in April sold out in about a month. These went on sale yesterday.
 Quoting: wisc_natureboy


Yes, they sold out . . .again
from today's website:
114366
Sold-Out
3 per household
200000
Anonymous Coward
User ID: 2152435
Canada
10/04/2011 10:38 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
I just bought 3 coins. One small detail - they added 39 cents HST (Harmonized Sales Tax) to the $ 2.99 shipping charge. So the total comes to $ 63.38.
 Quoting: doomsdays doorstep


WTF is a harmonnized sales tax?!
 Quoting: Carol B.



It's noting doom related. It's the Provincial (State) and Federal Tax itemized together.
IndigoAlpha

User ID: 2633706
Japan
10/04/2011 10:42 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Got mine! :)
Anonymous Coward
User ID: 2633861
Mexico
10/04/2011 10:45 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
bsflag

Nahhh !! just numismatic stuff !!
Bafoon

User ID: 1407138
United States
10/04/2011 10:50 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Until silver is pegged, I wouldn't trade in that $20 coin for anything.
 Quoting: KingDingaLing


Last Edited by Bafoon on 10/04/2011 10:51 AM
Anonymous Coward
User ID: 1262356
United States
10/04/2011 10:53 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Defacto $80oz silver!
 Quoting: Anonymous Coward 1404507


THIS
Anonymous Coward
User ID: 899094
Canada
10/04/2011 10:59 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Sold out......
 Quoting: Anonymous Coward 847175


dang...that happened fast.
 Quoting: Carol B.


No, not sold out. The first issue back in April sold out in about a month. These went on sale yesterday.
 Quoting: wisc_natureboy


Yes, they sold out . . .again
from today's website:
114366
Sold-Out
3 per household
200000
 Quoting: Matt 256987


Don't know what you are looking at....it still says available and I'm in the process of ordering 3 right now.
Anonymous Coward
User ID: 899094
Canada
10/04/2011 11:05 AM
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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
...


dang...that happened fast.
 Quoting: Carol B.


No, not sold out. The first issue back in April sold out in about a month. These went on sale yesterday.
 Quoting: wisc_natureboy


Yes, they sold out . . .again
from today's website:
114366
Sold-Out
3 per household
200000
 Quoting: Matt 256987


Don't know what you are looking at....it still says available and I'm in the process of ordering 3 right now.
 Quoting: Anonymous Coward 899094


Nevermind....I see you are looking at the wrong coin. That one is sold out.....but this one is still available.
[link to www.mint.ca]
SnakeAirlines

User ID: 618168
United States
10/04/2011 11:11 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
$80CDN (that's $76.19US as of this minute) for an ounce of silver that is trading at $30US today?

Oh yeah...

Great 'deal'...

chuckle
"Hold my cat while I bring in my tomato plant. That chemtrail looks like an earthquake chemtrail"

deanoZXT-07/20/2014 07:48 PM
wisc_natureboy (OP)

User ID: 2598273
United States
10/04/2011 11:12 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
$80CDN (that's $76.19US as of this minute) for an ounce of silver that is trading at $30US today?

Oh yeah...

Great 'deal'...

chuckle
 Quoting: SnakeAirlines


You do not understand how fiat currency works.
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(love/all)
SnakeAirlines

User ID: 618168
United States
10/04/2011 11:20 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
$80CDN (that's $76.19US as of this minute) for an ounce of silver that is trading at $30US today?

Oh yeah...

Great 'deal'...

chuckle
 Quoting: SnakeAirlines


You do not understand how fiat currency works.
 Quoting: wisc_natureboy


Rigggghhhttt...

What you don't understand is that you should have been 'collecting' silver coins (like some of us did) back when they were legal tender, and cost face value...

chuckle
"Hold my cat while I bring in my tomato plant. That chemtrail looks like an earthquake chemtrail"

deanoZXT-07/20/2014 07:48 PM
centrist77

User ID: 1253240
United States
10/04/2011 11:21 AM

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Re: CANADA introduces 99.99% silver coins for circulation. Silver is money.
Natureboy, whats up buddy. Nice thread. Hmmm, I will have to tone down my jokes on our buddies to the North...for one day.
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