Nobody can argue about the success of the Royal Canadian Mint’s (RCM) face value program when it comes to selling coins, the problem seems to be when owners want their money back. When the first $20 for $20 coin came out in 2011, members of the public jumped at the chance to acquire a silver coin for face value. The issue sold out in just 29 days, despite limitations on how many could be sold to a single address. The coins, which contain slightly more than one-quarter troy ounce of silver, have an approximate bullion value of $7 at press time. That success led to a program that continues, and has now been expanded to $50 for $50 and even $100 for $100 coins, all proving popular sellers. In recent years, mintages have been lowered from the 2011 high of 250,000 to 200,000 in the most recent issue, but the coins always sell out in the year of issue. Continue reading →
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