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View Full Version : The Canadian mint has released 100 dollar silver coins



old steel
27th May 2013, 11:25 AM
I guess the cat has officially been let out of the bag.

Oops!

For the first time in the Mint’s history, $100 can buy you a coin worth $100. Take advantage of this astonishing value before the coin sells out.

http://www.mint.ca/store/coin/100-for-100-fine-silver-coin-bison-2013-prod1680033#.UaOXFOvXFlM

gunDriller
27th May 2013, 11:31 AM
looks like you can actually spend those as $100 of CRN's ?

pretty coin.

but unless that's a 4 ounce coin, generic 1 ounce rounds are still the way to go.


at least until APMex has a sale on Silver Eagles, 99 cents above spot.

they used to do that, in 2010.

StreetsOfGold
27th May 2013, 11:48 AM
unless that's a 4 ounce coin, generic 1 ounce rounds are still the way to go.

You may have missed the obvoius, what the CM is doing is telling you that 1 once really IS WORTH 100 dollars

Large Sarge
27th May 2013, 01:40 PM
they have remonetized silver

the long awaited event has started

the only reason gold has enjoyed such price demand, is because central banks use it as money

this is a big event,

remember how long mexico opposed Hugo Slainas Price from reintroducing a silver coin in mexico, it terrified the local thugs....

Gold Rules
27th May 2013, 01:54 PM
On the Silver Doctor website I have predicted ( about a year ago ) that at some point in the future there will be a price for Gold & Silver on American soil & a compleatly different price for gold & silver held off shore which will be much higher than...here.....this will get interesting

madfranks
27th May 2013, 04:08 PM
You may have missed the obvoius, what the CM is doing is telling you that 1 once really IS WORTH 100 dollars

one oz of silver is not worth 100 dollars, as strange as this may seem its really just a fiat silver coin.

Hatha Sunahara
27th May 2013, 04:43 PM
one oz of silver is not worth 100 dollars, as strange as this may seem its really just a fiat silver coin.

It's 3/4 fiat. I'll buy one when silver is $100 an ounce or higher. Unless of course you can spend it in Canada and get change for $100 Canadian if you use it. I'd just be loaning the Canadian government about $75 per coin until I spent it. But then, who would take it as payment for anything worth more than the spot price of silver?


Hatha

Blink
27th May 2013, 04:50 PM
Its no different than the $20 for $20 coin show they've been doing. Those are a 1/4 ounce. This one is 31.6g (1 oz. and a tiny bit more) for a hundred. Wonder why its .6 instead of .1? Take away the sexiness of it, you'll get more punch if you buy 5 of the $20's (1 and 1/4 ounces) if thats what floats your boat...........

steyr_m
27th May 2013, 07:52 PM
That's a nice looking coin. I live about 10 miles from the mint. You can take tours there, I may do that this weekend...

Libertarian_Guard
27th May 2013, 07:59 PM
Grisham's Law has not been suspended.

Large Sarge
28th May 2013, 05:44 AM
notice it says for Canada and U.S. customers, 1 per household



so if I was in china or Russia, I could buy as much as I wanted

gunDriller
28th May 2013, 06:06 AM
it would fit in my back pocket.

do they require persons leaving the gift shop to go through a metal detector ?