I am looking for 99.99 % pure silver coins to use in making colloildal silver solution. I was told I could buy these coins (Canadian Maple Leafs) for $6.50 (USA)a piece at any coin shop. I have only found coins that run about 20$ . Does anyone know What these $6.50 Maple Leafs might be?
I think what you're referring to are the 1 gram maple leafs. Most are on auction sites for about $5 or so.
Ikan:Thanks for reply. I have seen the 1 gram coins.But what this article referred to were 1/2 oz coins.
Canada has only issued one half ounce silver bullion and that was in 2006. The rest were part of a collectors sets. I believe that this article is a few years old because even at the current market price of silver a half ounce is almost nine dollars not including any premium.
If you just want bullion to make colloidal silver, why not just buy a silver round for a few cents over spot? Just about any Maple Leaf will have a premium, which can sometimes be quite large.
Do you want/need to make it yourself? Could you just look for a good chem supply source and buy it in solution form saving the effort of creating it from pure coins?
Defiant: Thanks for the tip. Big H: I talked to a coin man around here and he is selling rounds for 20$ or so--1 oz. Does that sound like a decent price to you? Krispy: I could buy the stuff ready made and if I had any sense I probably would, but I like to do things for myself when I can.I could use wire instead of coins but I am looking for the cheapest route.I am still wondering why, if the face value of a coin is 5$ and the coin is only a year or two old--how can anyone get away with selling them for 25$ and more?
the denomination on the coin is less than the value of the precious metal on the market. a USD $1 American Silver Eagle is legal tender, worth one dollar but contains one troy ounce of .999 silver currently about $17.51/oz. ask, and most bullion dealers add on a premium to sell them for profit, so it costs more. I think it's the simple explanation you are asking for.
The same is true of the Canadian (CAN)$5 Maple coin, the denomination is $5 but the .9999 purity in 1 troy ounce of silver is worth more than the face value of the coin.
There are also Maple Leaf rounds that have become collectibles, especially the ones with "privy" marks. These have a "face value" of $5, contain one ounce of silver and can run up to $135.00.
$20 is alright, but you could probably get them for closer to $18 if you shop around. If you only need one, just spend the extra $2 and get it the easy way. Bullion coins sometimes carry a premium because they're collected. The face value has nothing to do with it really. It's just like old coins that may have a face value of 1¢ but be worth $100. You'd be surprised how much some very modern coins can fetch. I have a few coins that are over 2,000 years old that I paid about 30¢ for, but there are coins from 2005 that I couldn't buy for $500.
I forgot to ask; do you live in Canada? If so, 20CDN isn't bad for silver rounds, because that's equal to about 19USD, and silver is about 17.50USD per troy ounce (about 18.25CDN).
Not sure of the OP's intent but here's a couple of links of what people use collodial silver for (strictly for educational purposes): http://en.wikipedia.org/wiki/Medical_uses_of_silver and another viewpoint: http://www.quackwatch.com/01QuackeryRelatedTopics/PhonyAds/silverad.html
Okay here goes, why make a coin that costs more to make than its face value? Because it is collectable? Duh! What would happen if $1 or greater coins were made out of cheaper metals than their face value for circulation? Would that not make more sense?
Is this really related to the OPs question? This could and probably has previously existed as a thread in and of itself.
Thanks to everyone for all the info. I do not live in Canada. As for colloidal silver, the links supplied above are more than sufficient to answer the question. I guess maybe coins and rounds are not the best way after all.
