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CANADA introduces 99.99% silver coins for circulation. Silver is money. | |
wisc_natureboy (OP) User ID: 2598273  United States10/04/2011 11:23 AM Report Abusive Post Report Copyright Violation | $80CDN (that's $76.19US as of this minute) for an ounce of silver that is trading at $30US today? Quoting: SnakeAirlines Oh yeah... Great 'deal'...  You do not understand how fiat currency works. 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... You don't know what I have or haven't done. I would put my numismatic and economic education and comprehension against yours any day of the week. We all breathe the same air. .-.. --- ...- . / .- .-.. .-.. |
| Anonymous Coward User ID: 1352552 United States10/04/2011 11:27 AM Report Abusive Post Report Copyright Violation | 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 dummies... you just bought 3/4oz silver for $63.38 that could have bought TWO whole ounces of any other bullion coin - maple leafs, for example. They're collector pieces, period. worth paying 266% markup? We'll see.... |
| SnakeAirlines User ID: 618168 United States10/04/2011 11:28 AM Report Abusive Post Report Copyright Violation | $80CDN (that's $76.19US as of this minute) for an ounce of silver that is trading at $30US today? Quoting: SnakeAirlines Oh yeah... Great 'deal'... You do not understand how fiat currency works. Rigggghhhttt... What you don't understand is that you should have been 'collecting' silver coins (like some of us did) back when they were legal tender, and cost face value... You don't know what I have or haven't done. I would put my numismatic and economic education and comprehension against yours any day of the week. Well then... You win... Keep sending your 'fiat' cash to foreign countries while paying 250% for commodities, and I'll just 'wallow' in my ignorance... MmmKay?  "Hold my cat while I bring in my tomato plant. That chemtrail looks like an earthquake chemtrail" deanoZXT-07/20/2014 07:48 PM |
| wisc_natureboy (OP) User ID: 2598273 United States10/04/2011 11:41 AM Report Abusive Post Report Copyright Violation | Rigggghhhttt... What you don't understand is that you should have been 'collecting' silver coins (like some of us did) back when they were legal tender, and cost face value... You don't know what I have or haven't done. I would put my numismatic and economic education and comprehension against yours any day of the week. Well then... You win... Keep sending your 'fiat' cash to foreign countries while paying 250% for commodities, and I'll just 'wallow' in my ignorance... MmmKay? OK Snake, Here is why it is a big deal. It is the re-monetization of a precious metal within the world economic system. Throughout the recent fiat economic climate, silver coinage has continued to be minted, typically for numismatic and bullion purposes. Bullion: American Silver Eagles- Face Value 1$US Canadian Silver Maple- Face Value 5$CAN These coins are minimally monetized as the silver value far exceeds the fiat stamped equivalent. A 20$CAN coin with .25 Troy ounces is 'fully monetized' meaning the silver value is on par with the fiat value. You likely reply: "No Dummy, silver is 30$/oz right now, not 80." Yes, so the fiat monetized value is higher, today. Great, then spend the coin as some will do. This action effectively monetizes silver coinage within the world cash markets. So if silver crashes you still have 20$ fiat. I for one would rather have 20$ fiat made from silver than 20$ fiat made from paper. ;-`) Last Edited by wisc_natureboy on 10/04/2011 11:43 AM We all breathe the same air. .-.. --- ...- . / .- .-.. .-.. |
| Anonymous Coward User ID: 2636980 United States10/04/2011 11:57 AM Report Abusive Post Report Copyright Violation | But 1oz silver coins are perfect for "spending" if TSHTF. excuse me, if the shite hits the fan, the government will confiscate all your coins......and melt them down.......and maybe that is the plan all along, we will see.....all I know is you people are sure pushing gold and silver... |
| Anonymous Coward User ID: 2567972 United States10/04/2011 11:57 AM Report Abusive Post Report Copyright Violation | What if the price of silver goes higher..it will no longer be worth only $20. Quoting: gingie369 Silly move, I think. That doesn't make any sense. It's a perfect hedge. So long as silver is anywhere below $80, that coin is still worth $20 CAD, which is about $20 USD. If silver goes down further, that coin retains it legal tender value. It only becomes worth more than $20 either numismatically because it's so limited OR if silver goes above $80.00. If I could sell all my PMs and buy as many of those $20 CAD coins as I could, I would do so today. But I see they've put a 3 coin limit per customer on it. |
| wisc_natureboy (OP) User ID: 2598273 United States10/04/2011 11:57 AM Report Abusive Post Report Copyright Violation | 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 dummies... you just bought 3/4oz silver for $63.38 that could have bought TWO whole ounces of any other bullion coin - maple leafs, for example. They're collector pieces, period. worth paying 266% markup? We'll see.... So one is paying $3.38 to turn $60 of paper money into $60 of silver money. The 'limited' mintage does indeed indicate Canada is 'testing' the waters. This is the beginning of the end of our fiat-based economic system. We all breathe the same air. .-.. --- ...- . / .- .-.. .-.. |
| wisc_natureboy (OP) User ID: 2598273 United States10/04/2011 12:11 PM Report Abusive Post Report Copyright Violation | What if the price of silver goes higher..it will no longer be worth only $20. Quoting: gingie369 Silly move, I think. That doesn't make any sense. It's a perfect hedge. So long as silver is anywhere below $80, that coin is still worth $20 CAD, which is about $20 USD. If silver goes down further, that coin retains it legal tender value. It only becomes worth more than $20 either numismatically because it's so limited OR if silver goes above $80.00. If I could sell all my PMs and buy as many of those $20 CAD coins as I could, I would do so today. But I see they've put a 3 coin limit per customer on it.  Thank you! You get it!I was beginning to wonder... Last Edited by wisc_natureboy on 10/04/2011 12:12 PM We all breathe the same air. .-.. --- ...- . / .- .-.. .-.. |
| Levi Philos User ID: 590644 United States10/04/2011 12:14 PM Report Abusive Post Report Copyright Violation | Quoting myself from material I rounded up and posted to page 25 of this now 39 page thread: Thread: Get rid of the money system, then get rid of goverrments (Page 25) Much much more on various and sundry associated topics. The question of what properties a finely tuned monetary system might possess... - check it out! Dollar" - The Name and Usage Quoting: Levi Philos 590644 The word "dollar" was historically associated with silver coins, not gold. Here are a couple of citations. The word "dollar" is derived from Low Saxon "daler", an abbreviation of "Joachimsdaler" – (coin) from Joachimstal – so called because it was minted from 1519 onwards using silver extracted from a mine which had opened in 1516 near Joachimstal, a town in the Ore Mountains of northwestern Bohemia. [link to en.wikipedia.org] The weight of silver in the dollar coins varied widely over time and place; the earliest "taler" (sometimes "thaller") coins (in Scandinavian countries "daler") were about 8 grams, the Spanish created the milled "dollar" with the edge reeds to prevent scraping of the edges; and the first US dollar was about one ounce - 31 grams more or less. The Hanseatic League who were businessmen of northern Europe settled their accounts using the silver coinage and this spread down to Spain and over to the new country - the north American states. [link to www.projects.ex.ac.uk] The period of time from 1519 to 1873 when the coinage act was passed that demonitzed silver and made gold the recognized "dollar" [link to coinschool.blogspot.com] was about 350 years. Even after that coinage act, silver continued to circulate and silver "dollars" could be found in the great basin states, especially Nevada up to about 1960. Altogether about 425 years. The William Bryan speech "Cross of Gold" was a reaction to the switch from silver to gold: short version: [link to www.youtube.com] (3.5 minutes) - longer 9.3 minute version from 1921: [link to www.historicalvoices.org] Douglas Gnazzo wrote a five part series in 2005 that says basically that silver is the lawful money of the states and gold was only priced in relationship to silver. [link to www.financialsense.com] [link to www.financialsense.com] [link to www.financialsense.com] [link to www.financialsense.com] [link to www.financialsense.com] Here is a little thing I have been repeating lately; "Paper money cannot hold value, paper money can only serve as a title instrument or warehouse receipt describing the value and where the value is held." Credit instruments based upon unbacked paper are then given value by the people who back it with their products and their intellectual and physical labor. The people become the final creditors when the banks fail to back the credit entries. Compare to this Barefoot Bob piece: [link to www.barefootsworld.net] |
| Anonymous Coward User ID: 1551484 United States10/04/2011 12:16 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1483431 United States10/04/2011 12:16 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1551484 United States10/04/2011 12:18 PM Report Abusive Post Report Copyright Violation | |
| Carol B. User ID: 1265827 United States10/04/2011 12:26 PM  Report Abusive Post Report Copyright Violation | 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 dummies... you just bought 3/4oz silver for $63.38 that could have bought TWO whole ounces of any other bullion coin - maple leafs, for example. They're collector pieces, period. worth paying 266% markup? We'll see.... So one is paying $3.38 to turn $60 of paper money into $60 of silver money. The 'limited' mintage does indeed indicate Canada is 'testing' the waters. This is the beginning of the end of our fiat-based economic system. ^^^this^^^^ Prayer.....the world's first wireless connection. |
| Levi Philos User ID: 590644 United States10/04/2011 12:26 PM Report Abusive Post Report Copyright Violation | Interested readers should search for the name "Bernard von NotHaus" for related threads. And check this out: Thread: House Bill 633: Idaho Silver Gem Act (Page 4) and this: Thread: Idaho State Treasurer will Give the option of paying State taxes with the SILVER (Page 3) New book THE SILVER STEALERS free in PDF format 465 pages of history you won't read in school [link to silverstealers.net] Over 13 megabytes, so be patient with the download - worth the wait. In 1899, Martin Wetzel Walbert wrote a book titled: THE COMING BATTLE where he made the argument that the future would see a big argument whether money should be silver backed or gold backed. Here is a version in html format: [link to www.yamaguchy.com] A SHORT HISTORY of Paper Money and Banking IN THE UNITED STATES including AN ACCOUNT of PROVINCIAL AND CONTINENTAL PAPER MONEY to which is prefixed AN INQUIRY into the principles of the system with considerations of its effects on morals and happiness. The whole intended as a plain exposition of the way in which paper money and money corporations, affect the interests of different portions of the community. by William M. Gouge 1833 Index: [link to www.yamaguchy.com] Look to the column on the left for actual chapter titles. The Yamaguchy site has an associated forum: [link to www.yamaguchy.com] 700+ members, but not many posts. |
| Anonymous Coward User ID: 2475178 United States10/04/2011 12:27 PM Report Abusive Post Report Copyright Violation | . . . you see what is happening: You put PM's in the wrong hands and thatis the end of it; you never see them at the cash register. The smart thing to do is to give those coins and others like them to the poor people that would have no choice but to spend them. Give the coins in payment for SS checks as well. The value of the check would be sent as a form of check, to the bank, from the Govt, but the bank would be forced (under law) to give gold and silver coins to the recipient. None of these people would be able to hoard the PM's and finally therewould be so much of it around, people would start using it instead of hoarding it. People leaving the Country would have to be metal detectored on their way out, which would eliminate the dangerous Xray and touchy feely sht, and why they donot use that method now is because of the fact the present system is to demoralize We The People. All kinds of new laws would have to be passed, but thatis what weare: weare a nation of laws and law-abiding people. Handling PM’s would put the fun back in our lives and it is a lot healthier for several reasons. Handling gold prevents arthritis and silver has medical value also. It would be tough on burglars and pick pocket, and all manner of criminal activity among the average citizens’ crowd. Itwould be a load to carry, but what the heck, man; it is silver and gold. It would certainly keep the ladies out of the dark streets and bars alone, who would soon learn to be ladies again, and to appreciate the strength of a man, because of the fear of being overpowered by a thief, and men would soon be men again or be relieved of their coins. Life would become quite exciting: Haggai 2:8 The silver is mine, and the gold is mine, saith the LORD of hosts. Truth will set you free John 8:32 |
| wisc_natureboy (OP) User ID: 2598273 United States10/04/2011 12:31 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 2475178 Itwould be a load to carry, but what the heck, man; it is silver and gold. It would certainly keep the ladies out of the dark streets and bars alone, who would soon learn to be ladies again, and to appreciate the strength of a man, because of the fear of being overpowered by a thief, and men would soon be men again or be relieved of their coins. Life would become quite exciting: ... Wow! What a fascinating side-effect. I never would have extrapolated monetary policy that far. Very Cool! Last Edited by wisc_natureboy on 10/04/2011 12:31 PM We all breathe the same air. .-.. --- ...- . / .- .-.. .-.. |
| Able Danger User ID: 1250846  Canada10/04/2011 12:37 PM Report Abusive Post Report Copyright Violation | Back in the good old days, the value of the metal in Canadian coins was equivalent to their face value. A pre-1968 Canadian: Penny was made of copper. Nickle was made of nickle. Dime was made of pure silver. Quarter was made of pure silver (half the size of 50c piece). 50 cent piece = pure silver (half the size of $1 coin). Dollar coin = pure silver. As a boy in the mid-60's it was always a thrill to get a 50c or $1 coin in change, which were often in circulation. A pre-68 dime is probably worth 10 times it's face value in silver content alone (and are worth even more to collectors), so many eagle-eyed cashiers have kept their eyes sharp for any pre-68 change floating in, but they are becoming fewer and far between these days. |
| wisc_natureboy (OP) User ID: 2598273 United States10/04/2011 12:44 PM Report Abusive Post Report Copyright Violation | Back in the good old days, the value of the metal in Canadian coins was equivalent to their face value. Quoting: Able Danger 1250846 A pre-1968 Canadian: Penny was made of copper. Nickle was made of nickle. Dime was made of pure silver. Quarter was made of pure silver (half the size of 50c piece). 50 cent piece = pure silver (half the size of $1 coin). Dollar coin = pure silver. As a boy in the mid-60's it was always a thrill to get a 50c or $1 coin in change, which were often in circulation. A pre-68 dime is probably worth 10 times it's face value in silver content alone (and are worth even more to collectors), so many eagle-eyed cashiers have kept their eyes sharp for any pre-68 change floating in, but they are becoming fewer and far between these days. Close. ;-`) Canada used the Sterling standard of 925/1000 or 92.5% pure in the early 20th century, However they changed to 800/1000 or 80% pure in 1919. 1967 was the last year for .800 silver Canadian coins. In 1968 they minted some .500 silver but then moved to clad. USA maintained a .900 standard until 1964, which is why the USA dollar was typically worth a little more back then. ;-`) Last Edited by wisc_natureboy on 10/04/2011 12:45 PM We all breathe the same air. .-.. --- ...- . / .- .-.. .-.. |
| Cheyenne User ID: 279896 United States10/04/2011 12:50 PM Report Abusive Post Report Copyright Violation | I'm not sure these are meant for general circulation. Our pre-1965 coins were 90% silver for a reason. It had to be alloyed with something else to stand the rigors of being in people's pockets. So... If they came out with 90% silver coinage then I would be really impressed. As it is, $80 Canadian is likely the actual value of silver per oz. Not the JP Morgan controlled spot price. |
| Levi Philos User ID: 590644 United States10/04/2011 12:56 PM Report Abusive Post Report Copyright Violation | Back in the good old days, the value of the metal in Canadian coins was equivalent to their face value. Quoting: Able Danger 1250846 A pre-1968 Canadian: Penny was made of copper. Nickle was made of nickle. Dime was made of pure silver. Quarter was made of pure silver (half the size of 50c piece). 50 cent piece = pure silver (half the size of $1 coin). Dollar coin = pure silver. As a boy in the mid-60's it was always a thrill to get a 50c or $1 coin in change, which were often in circulation. A pre-68 dime is probably worth 10 times it's face value in silver content alone (and are worth even more to collectors), so many eagle-eyed cashiers have kept their eyes sharp for any pre-68 change floating in, but they are becoming fewer and far between these days. I understand what you are writing and caution you to read Gresham's law very carefully. [link to www.columbia.edu] This is an excellent piece which I have read perhaps 12 to 15 times. Hayek was only partly [mostly] correct... |
| Levi Philos User ID: 590644 United States10/04/2011 01:01 PM Report Abusive Post Report Copyright Violation | I advise a careful reading Auriti on the induction of value to money and the ownership of money. It is found many places on the net. and Bastiat; Economic Sophisms |
| Frater User ID: 418975 United States10/04/2011 01:02 PM Report Abusive Post Report Copyright Violation | But 1oz silver coins are perfect for "spending" if TSHTF. Quoting: Anonymous Coward 2636980 excuse me, if the shite hits the fan, the government will confiscate all your coins......and melt them down.......and maybe that is the plan all along, we will see.....all I know is you people are sure pushing gold and silver... Well it's not like I'm going to tell them i have any or where there squirelled away. They would have to figure both sides of that before they get mine. LVX! |
| Anonymous Coward User ID: 2441444 United States10/04/2011 01:05 PM Report Abusive Post Report Copyright Violation | so basically a silver quarter is now being face valued at 100 times what it once was. well that is steep. with gas at 3.00 a gallon a 20 dollar silver piece buys nearly 7 gallons. people should not pay any premium for these. mints should put them in circulation at face value. people should use them as money as intended. even if they r overvalued there is more intrinsic value in a 1/4 ounce silver coin than paper dollars with 20 on them. this a is reasonable first step to take to return to sound money. the excessive face value of the coins over spot silver should serve the purpose of people using them as real money at face value. use them as money as intended. why would u pay an extra dime for them. bullion is cheaper so u can get more of it if u r buying silver as an investment. congratulations to Canada for taking this step. |
| Anonymous Coward User ID: 1277109 United States10/04/2011 01:11 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1593160 Canada10/04/2011 01:12 PM Report Abusive Post Report Copyright Violation | Canada values silver at $80/CAD per ounce. Quoting: wisc_natureboy 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 They have this sale every year. Doesn't mean a thing. Get over it, silver is going to tank. Gold will do a bit better. Blame the bankers, I don't particularly like fiat money, but I cannot do anything about it. And prepare for the deflationary depression like yesterday. |
| Levi Philos User ID: 590644 United States10/04/2011 01:13 PM Report Abusive Post Report Copyright Violation | However, this is to advise an attempt to gain his paper on how English button-makers stamped small brass coins that were used in exchange for low-value commerce. Steam engines were new at that time, but the engineering and casting was current technology. His book is blurbed here: [link to www.terry.uga.edu] Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821 I have some chapters from that book, but not on this computer. |
| Hector.D.Spector User ID: 1174859 Canada10/04/2011 01:17 PM Report Abusive Post Report Copyright Violation | |
| Astrochik User ID: 1331439 United States10/04/2011 01:17 PM Report Abusive Post Report Copyright Violation | wow great find!  26 Qualities That Make Man God-Like: 1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit |
| SnakeAirlines User ID: 618168 United States10/04/2011 01:24 PM Report Abusive Post Report Copyright Violation | I for one would rather have 20$ fiat made from silver than 20$ fiat made from paper. ;-`) Quoting: wisc_natureboy And you've still only got 120 grains of silver... I hear what you are saying...I really do...I just don't agree... IMNSHO, 'Someone' got a better deal on eBay this AM... [link to www.ebay.com] That's 40 'silver' halves for $280 and change (including shipping)... That's 40 x $10.8183243465 (current melt value of 'coin silver'), or $432+ "fiat Dollars" worth of silver content, AND... It all comes in nice little, easily 'spendable' appx 174-grain bits... Current melt value: [link to www.coinflation.com] Look at your Canuck coins conversely... Shit never hits the fan?...Then you've got some sweet numismatic value... But... You still only have 120 grains of silver though... In a SHTF scenario, no one is going to care about 'legal tender', or 'denominations'... It's going to be pure commodity 'value'... I still say guns, hoes, seeds, land, etc., will be far more valuable than shiny metal chunks, but that's just me... I hope we (nor our children's children) ever have to find out... Peace, "Hold my cat while I bring in my tomato plant. That chemtrail looks like an earthquake chemtrail" deanoZXT-07/20/2014 07:48 PM |
| Malden User ID: 2234675  Serbia10/04/2011 01:28 PM Report Abusive Post Report Copyright Violation | The Perversion of Money THE ERRONEOUS conception of the proper status and true function of money has led to its perversion, the evil result of which is so clearly evidenced by our present banking system. In this volume I undertake to prove the following propositions: 1st. Money is not a commodity. This being true: 2nd. Money is no part of wealth. Hence: 3rd. Money can never become capital. Not being capital: 4th. Money has no earning power. And it follows: 5th. Interest, or profit, on money is unearned. 6th. Gold and silver, in common with lead and zinc, are commodities. 7th. Money is something entirely different. It has no more natural connection with gold and silver than it has with lead and zinc. We must not confuse money with the commodity which may be chosen as its tangible vehicle. 8th. Money is the medium of exchange and the measure of value ; a convenient and exact method of book-keeping; and only as such does it properly function. 9th. Money is brought into existence by law. 10th. A commodity cannot be created by law. All that a law can do is to function as a law. 11th. No individual, nor body of individuals, should be permitted to own or control a function of law and charge others a tax for its use. 12th. The government is the true depositary of the law and the proper executive of its functions. 13th. These powers are usurped by the bankers and money-lenders, and the evil results of this usurpation are colossal ; they will disrupt and destroy civilization unless a remedy be applied. 14th. The remedy. - Frederick Raphael Burch |
