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First the US Mint suspends Sales... Now it's Canada's turn!

 
Anonymous Coward
User ID: 33030212
United States
01/25/2013 09:15 PM
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First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
Spitting Into The Wind

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01/25/2013 10:04 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
NOOOOOOOOOO! Those are the best ones!
Anonymous Coward
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01/25/2013 10:13 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Appreciate the pin...
AxE

User ID: 28670276
Canada
01/25/2013 10:18 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Hmm!

[link to www.mint.ca]
Once4All
The Truth Is Clear To Everyone!

User ID: 16905584
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01/25/2013 10:20 PM

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Re: First the US Mint suspends Sales... Now it's Canada's turn!
People want silver and gold.



5a
John 11:35 Jesus wept.

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Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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01/25/2013 10:28 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
 Quoting: AxE


Found the 2013 maples for sale and hollah back...
Anonymous Coward
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01/25/2013 10:30 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
 Quoting: AxE


Read the entire article... Like the US 2013 eagles the 2013 maples are suspended (current silver)
Anonymous Coward
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01/25/2013 10:38 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
I was wondering if anyone could help me with this. I have a 1922 Peace silver dollar with the words, "In God We Trvst"
instead of "Trust. Trust is misspelled.

Can anyone tell me about this coin?

Thanks so much.
Anonymous Coward
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United States
01/25/2013 10:45 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
The gooberment does not want everyone rushing to trade all the Federal reserve notes for gold and silver which are real money...
Anonymous Coward
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01/25/2013 10:52 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
I was wondering if anyone could help me with this. I have a 1922 Peace silver dollar with the words, "In God We Trvst"
instead of "Trust. Trust is misspelled.

Can anyone tell me about this coin?

Thanks so much.
 Quoting: Krystal


They all have the V... The V stands for victory. The coin commentates the end of WW1. The coin was so popular they kept the V in it.
Anonymous Coward
User ID: 13385958
United States
01/25/2013 10:55 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
I was wondering if anyone could help me with this. I have a 1922 Peace silver dollar with the words, "In God We Trvst"
instead of "Trust. Trust is misspelled.

Can anyone tell me about this coin?

Thanks so much.
 Quoting: Krystal


They all have the V... The V stands for victory. The coin commentates the end of WW1. The coin was so popular they kept the V in it.
 Quoting: Anonymous Coward 7553756


Thank u for helping me. U are a good soul. I was going to hang on to it. Do u think it will ever be worth much...aside from the silver content?
icyman61

User ID: 32838493
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01/25/2013 10:56 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


Why do you all think they are doing this now?
Anonymous Coward
User ID: 13385958
United States
01/25/2013 10:56 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
I was wondering if anyone could help me with this. I have a 1922 Peace silver dollar with the words, "In God We Trvst"
instead of "Trust. Trust is misspelled.

Can anyone tell me about this coin?

Thanks so much.
 Quoting: Krystal


It's a Roman numeral version.

TrVst is actually worth 5 times what a Trust coin is.
 Quoting: Professor Xavier


Thank u, too. I did not expect u guys to even answer. thanks so much.:lkj:
Anonymous Coward
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01/25/2013 10:57 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
a few years back I ordered 200 generic silver rounds from a company for $12 a piece. this is usually from the secondary market. they didn't have any used stuff so they sent me 200 individually wrapped, new rounds from the Canadian Mint. I really lucked out on that purchase....
AxE

User ID: 28670276
Canada
01/25/2013 11:03 PM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
 Quoting: AxE


Found the 2013 maples for sale and hollah back...
 Quoting: Anonymous Coward 7553756


Pretty much sold out everywhere cause they limited production, indeed.
[link to www.talismancoins.com]
pool
Netizen Ribbonmind

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01/25/2013 11:22 PM

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Re: First the US Mint suspends Sales... Now it's Canada's turn!
People say I live in the past. Pretty soon they'll be buying silverware to melt down.

In 1689, the King had his silverware melted down to finance the war effort. In the 18th century, under the reigns of Louis XV and Louis XVI, goldware and silverware were on a smaller scale, giving us snuffboxes, lockets, smelling salt boxes, sweetboxes, etc. During the Revolution, the profession lost all its privileges and a large number of liturgical items of goldware and silverware were melted down.

[link to www.france.fr]
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GFX guy

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United States
01/26/2013 12:36 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


I don't think that the Canadian Mint is suspending sales... Maybe I missed it in the article.

From the article:
"Investor interest in silver bullion coins remains at high levels with yet another world mint showing signs that it is unable to meet demand. The Royal Canadian Mint is now rationing supplies of its 2013 Silver Maple Leaf.

This move comes one week after the United States Mint suspended sales of their 2013 American Eagle silver bullion coins after inventories sold out, saying it would ration or limit orders when sales resume. Both series of bullion coins are struck for investors and guaranteed for weight and purity by the issuing government."


Both of these mints rationing for an indefinite period of time sounds like an even bigger story. Suspending sales for a few weeks could easily be blamed on a missed transport or something temporary.

cue the happy dance!
ratdance catdance pdance
Anonymous Coward
User ID: 13385958
United States
01/26/2013 12:42 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
People say I live in the past. Pretty soon they'll be buying silverware to melt down.

In 1689, the King had his silverware melted down to finance the war effort. In the 18th century, under the reigns of Louis XV and Louis XVI, goldware and silverware were on a smaller scale, giving us snuffboxes, lockets, smelling salt boxes, sweetboxes, etc. During the Revolution, the profession lost all its privileges and a large number of liturgical items of goldware and silverware were melted down.

[link to www.france.fr]
 Quoting: pool


Pool, u are a visionary...u see the future.hf
Anonymous Coward
User ID: 21903530
Canada
01/26/2013 01:55 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
According to the article, they are not suspending sales but they are rationing them.

In both countries, there is record demand for the silver coins and they are selling out faster than they can produce them.

Production at both mints has not been scaled back, it has increased... but not enough to satisfy demand.
Anonymous Coward
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01/26/2013 05:04 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Have any of you heard anything about some trust banks in Chicago taking down the federal Reserve Note. Plus them taking over the country that way?

I am just saying this is a rumor for now.
Anonymous Coward
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01/26/2013 05:16 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
$13 if well-worn, $15 if almost uncirculated.

Two notes to clear up any confusion:

> The normal terminology for how coins are made is "struck" or "minted". "Printing" is normally used only to refer to things made with paper and ink such as bills.

> The word "TRVST" is NOT a misspelling. In the 1920s it was fashionable to use the old Roman alphabet on coins and other objects. In Roman writing, the letter we call "U" was written as "V". There have been several other extensive discussions about this usage in other threads. Regardless of any myths surrounding it, the spelling is purely stylistic and is NOT an error.
I was wondering if anyone could help me with this. I have a 1922 Peace silver dollar with the words, "In God We Trvst"
instead of "Trust. Trust is misspelled.

Can anyone tell me about this coin?

Thanks so much.
 Quoting: Krystal
Anonymous Coward
User ID: 24537691
Canada
01/26/2013 07:45 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
 Quoting: AxE


Found the 2013 maples for sale and hollah back...
 Quoting: Anonymous Coward 7553756


I want the hockey dollar.

[link to www.mint.ca (secure)]

$20 for $20 worth of silver, good deal?
Anonymous Coward
User ID: 28870983
United States
01/26/2013 08:03 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
 Quoting: AxE


Found the 2013 maples for sale and hollah back...
 Quoting: Anonymous Coward 7553756


I want the hockey dollar.

[link to www.mint.ca (secure)]

$20 for $20 worth of silver, good deal?
 Quoting: Anonymous Coward 24537691


all I saw was a shopping cart. I'd pay more at a coin store and avoid a paper trail. If they're going after guns, they'll probably go after gold and silver also.
Anonymous Coward
User ID: 20576232
United States
01/26/2013 08:32 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
$13 if well-worn, $15 if almost uncirculated.

Two notes to clear up any confusion:

> The normal terminology for how coins are made is "struck" or "minted". "Printing" is normally used only to refer to things made with paper and ink such as bills.

> The word "TRVST" is NOT a misspelling. In the 1920s it was fashionable to use the old Roman alphabet on coins and other objects. In Roman writing, the letter we call "U" was written as "V". There have been several other extensive discussions about this usage in other threads. Regardless of any myths surrounding it, the spelling is purely stylistic and is NOT an error.
I was wondering if anyone could help me with this. I have a 1922 Peace silver dollar with the words, "In God We Trvst"
instead of "Trust. Trust is misspelled.

Can anyone tell me about this coin?

Thanks so much.
 Quoting: Krystal

 Quoting: GeorgiaPeach




$24.1144100087 is the total melt value for the 1921-1935 silver Peace dollar on January 25, 2013.
ehecatl

User ID: 32406897
Mexico
01/26/2013 09:11 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
There are lots of freshly minted silver ounce coins here in Mexico.

Yesterday I watched the teller open up a big box of them and handle them with disregard as if they were potato chips or something of little value.

For those who go to Mexico to purchase silver, I've found the best prices and confidence in the authenticity of the product at the Banco Azteca branches, located in practically every town. I don't know how it compares to the US or Canada but yesterday they were selling at 403 pesos per ounce.

Last Edited by ehecatl on 01/26/2013 09:17 AM
Anonymous Coward
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United States
01/26/2013 10:54 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


Why do you all think they are doing this now?
 Quoting: icyman61


It's a PsyOp to get everyone to divert their money to Silver that may have purchased Gold. There is a physical shortage of Gold (Not paper but real hard Gold) and the central banks are hoarding it in anticipation of the Basel-3 rules to shore up their balance sheets reserves.
Anonymous Coward
User ID: 33034699
United States
01/26/2013 11:07 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


Why do you all think they are doing this now?
 Quoting: icyman61


It's a PsyOp to get everyone to divert their money to Silver that may have purchased Gold. There is a physical shortage of Gold (Not paper but real hard Gold) and the central banks are hoarding it in anticipation of the Basel-3 rules to shore up their balance sheets reserves.
 Quoting: Anonymous Coward 33034699


You notice the marketing and promotion of Platinum and Palladium as well right now ?

You can see the diversion tactics plain as day !
Anonymous Coward
User ID: 33034699
United States
01/26/2013 11:09 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


I don't think that the Canadian Mint is suspending sales... Maybe I missed it in the article.

From the article:
"Investor interest in silver bullion coins remains at high levels with yet another world mint showing signs that it is unable to meet demand. The Royal Canadian Mint is now rationing supplies of its 2013 Silver Maple Leaf.

This move comes one week after the United States Mint suspended sales of their 2013 American Eagle silver bullion coins after inventories sold out, saying it would ration or limit orders when sales resume Both series of bullion coins are struck for investors and guaranteed for weight and purity by the issuing government."


Both of these mints rationing for an indefinite period of time sounds like an even bigger story. Suspending sales for a few weeks could easily be blamed on a missed transport or something temporary.

cue the happy dance!
ratdance catdance pdance
 Quoting: GFX guy


are you blind or what ?

when sales resume
GFX guy

User ID: 9776422
United States
01/26/2013 11:44 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


I don't think that the Canadian Mint is suspending sales... Maybe I missed it in the article.

From the article:
"Investor interest in silver bullion coins remains at high levels with yet another world mint showing signs that it is unable to meet demand. The Royal Canadian Mint is now rationing supplies of its 2013 Silver Maple Leaf.

This move comes one week after the United States Mint suspended sales of their 2013 American Eagle silver bullion coins after inventories sold out, saying it would ration or limit orders when sales resume Both series of bullion coins are struck for investors and guaranteed for weight and purity by the issuing government."


Both of these mints rationing for an indefinite period of time sounds like an even bigger story. Suspending sales for a few weeks could easily be blamed on a missed transport or something temporary.

cue the happy dance!
ratdance catdance pdance
 Quoting: GFX guy


are you blind or what ?

when sales resume
 Quoting: Anonymous Coward 33034699


Dude... You're freaking out! beavis
No I'm not blind. Can you read and comprehend? This thread is about the Canadian mint and not the US Mint.

The point I was making is that a short term suspension of sales is not as big as a deal as rationing of sales until further notice. Many have been waiting for the physical silver shortage to override the paper fantasy. It sounds as though that time has come.
Anonymous Coward
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United States
01/26/2013 11:59 AM
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Re: First the US Mint suspends Sales... Now it's Canada's turn!
It appears to me that we are on the cusp of a deleveraging of the physical price from the paper price. I don't think the comex price can be relied on anymore. I think we need to look now to eBay completed listings.

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