$100 silver coin, buy for $100 !

[ProBlue33]

I thought that this seems to be a good deal in sound money

http://www.mint.ca/store/coin/coin-...3697168&spReportId=NzM2OTcxNjgS1#.UZVftnz-DgJ

 

[Dr.3D]

It's a one ounce coin made of pure silver. One hundred dollars for a face value seems pretty high.

 

[Crystallas]

If only you could buy maples for $5

 

[Dr.3D]

If only you could buy maples for $5

Or better yet, a silver dollar from the United States Mint for one dollar.

 

[kpitcher]

At least it's higher value than the material it's made from. It cracks me up to hold a 1/10oz American Liberty gold with a $5 face value or a 1 oz American Buffalo with a $50. I'd gladly buy those for 10 times their face!

 

[cbc58]

maybe it's just me - but I have to stop and ask myself why the royal canadian mint would up the value of a 1 oz. coin from the standard $5 (maples) to $100. why would they do that and what does it portend ?

 

[WhistlinDave]

If this is 1 oz of silver, then the value is inflated arbitrarily... Until the value of silver goes up to match the face value, it's like hybrid real money/fiat currency.

 

[oyarde]

If this is 1 oz of silver, then the value is inflated arbitrarily... Until the value of silver goes up to match the face value, it's like hybrid real money/fiat currency.

I see your point , but at least it is not wothless paper , backed by nothing .

 

[oyarde]

maybe it's just me - but I have to stop and ask myself why the royal canadian mint would up the value of a 1 oz. coin from the standard $5 (maples) to $100. why would they do that and what does it portend ?

I dunno , they do some odd stuff , but beautiful coins .I have a $20 9999 silver polar bear somewhere, that I gave less than $20 for.I have a 1981 Silver Canadian dollar here, that contains only about.380 ounce of silver and the issue price on it then , I think , is more than todays silver value .Beautiful coins though , probably the nicest minted stuff in the world.....

 

[oyarde]

I will also say this , they are pretty wise with this stuff and the small denomination gold , minting very limited quantities and it sells out.

 

[jon_perez]

It's a pretty safe long term hedge for those who think fiat currencies are all going to go the way of Zimbabwe.

Its legal tender worth is equal to C$100. So the win/lose equation for the buyer is the future value of C$100 (since you earn no interest on the coni) versus the Canadian dollar being devalued by around 80% in terms of silver.

The mint, of course, make exorbitant profit off of seignorage.

In other words, the Canadian mint are still counterfeiters to a large degree!

 

[WhistlinDave]

I see your point , but at least it is not wothless paper , backed by nothing .

True, definitely still better than paper money!

 

[oyarde]

It's a pretty safe long term hedge for those who think fiat currencies are all going to go the way of Zimbabwe.

Its legal tender worth is equal to C$100. So the win/lose equation for the buyer is the future value of C$100 (since you earn no interest on the coni) versus the Canadian dollar being devalued by around 80% in terms of silver.

The mint, of course, make exorbitant profit off of seignorage.

In other words, the Canadian mint are still counterfeiters to a large degree!

Yeah in a true dollars & cents world , but we do not live in that world, I can take the Maple L's I bought last summer @ $26 , and put them on e bay , now , and make a substantial percentage off of them , easily
Not that I would ...... check out the 2011 gold Cougar , 1/2 gram, probably , issue price was twice the cost of that. Probably still goes for the sameprice , they make , only 15,000 ea yr.Look at what US gold dollars ( 1850's) go for .....