2005 $5 hope silver maple leaf Canadian coin

I have been eyeing this peace for awhile but just not be able to afford it since busy with other things. However today I did some work for him and I got this coin. 25,000 minted and is .999 silver. The reason I have had my eye on it is because of the detailing of the leaves. Also behind the leaves is a mirror shiny background and then a nice silver border that is detailed somehow. I took a magnifine glass to this coin and the detail in the leaves is amazing and very fine. The scan I show does it no justice and anyone that owns this coin most likely knows what I am talking about. As of late I have not seen great quality in the coins being minted thus this one stands apart and why I wanted it.

 

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K here is a better scan. Love how the veins on the leaves are done

 

WhispTech,that is a very nice bullion medal-coin.If you tried to spend this,they'd look at you as if you flew in from Crackpottown,as opposed to Charlottetown,Prince Edward Island.

Aidan.

 

Thats a very cool looking coin... I like it

 

Its a COIN not a medal. I am a beginner of coin collecting and even I know that.

 

Thanks man. I think this one even preceeds my $8 grizzly bear coin when it comes to look.

I wish all coins minted that where proof fine silver where this quality. I was saddened when I looked at the Peregrine falcon boxed set that came out since I was thinking of getting that one but the art work on like the wings and such was weak. So I passed on it.

 

:thumb: That realy is a lovely coin, thanks for sharing it with us

De Orc :thumb:

 

Would calling it a "bullion coin" be correct?

 

Hmmm

I am not sure. It is .999 being pure silver and usually bullion is that.

However I see bullion being close to weight price like the original silver maple leafs and the gold maple leafs.

What do the experts say?

 

There's no such thing as a "medal-coin." The categories of "medal" and "coin" are mutually exclusive. Their intersection is the empty set.


:hammer: :hammer: :hammer: :hammer: :hammer: :hammer: :hammer: :hammer:

 

In numismatics the term "bullion coin" is generally applied to gold or silver rounds produced in official government mints, and usually purchased as investments rather than collectibles. American Silver/Gold Eagles, Chinese Pandas, South African Kreugerands, Aussie Kookaburras, etc., etc., are among the many issues falling in that category.

I know, there are people who collect those - even getting some of them slabbed ), but believe me, the vast majority of all those coins are purchased for their metallic content by investors, not collectors.

 

Yep I believe that Legal Tender uncirculated Bullion might cover it :thumb:

De Orc

 

The terms 'medal-coin' & 'non-circulating legal tender (NCLT) are used interchangeably to describe these pieces that are regarded as legal tender,but do not circulate.I shall
explain the reasons why.

1. The intrinsic value exceeds the face value. The Ugandan 1969 Pope of Rome Visit medal-coins are in this category.

2. The currency unit is not in common use.The Krugerrand,
while legal tender,it is not in circulation.

3. The piece(s) are sold at a premium above the face value.
The Canadian silver,gold,& platinum Maple Leaves,& the New Zealand $5 & $10 pieces fall into this category.

4. The pieces may be offered directly to the numismatic trade from the mint without having been sent to the country authorising the piece's issue.The notorious Manx Crown pieces are struck at the Pobjoy Mint,but are sold directly without having been issued at the numismatic counter in the Isle of Man.

Aidan.

 

As a note this is a collectors piece for sure since it costs 42.99 unlike the regular silver maple leafs that are 14-17 cdn for the 1 ounce which are usually the investment coins like the gold maple leafs. There is also a 24.99 maple leaf with a privy mark. The privy marks are usually zodiac signs but there is alos other ones too. The ones for 24.99 are not investment coins but what the collectors usually grab and don't sell as well.

That is why I felt the regular gold and silver maple leafs are bullion while the one I have shown is more of a collectors version.

I think this falls into what satootoko was saying and what he quoted.

 

WhispTech,I can understand where you are coming from.The Canadian silver $5 Maple Leaf fits under Categories 1 & 3,as the piece's intrinsic value exceeds its face value,& it is offered at a premium way above the face value.That is why it is classified as a medal-coin.It is not intended to circulate.Imagine buying a loaf of bread & a carton of milk & trying to pay for it with a silver Maple Leaf.
The shop-keeper would throw you out of the shop,unless the shop-keeper is also a coin dealer.

Aidan.

 

Using that definition, all non-copper US coinage minted prior to 1965 falls into that category. It is legal tender and its intrinsic value surpasses the face value.

This is a meaningless distinction IMO. And what about coins that fall into category 1 and not category 2?

Again, I don't see why this is significant. You single out the Canadian and New Zealand issues, but what about the US gold and silver Eagles? And are US proof sets also "medal coins"? They're sold at a premium above the face value. And referring back to #1, the silver proofs have an intrinsic value above face.

That seems to be another meaningless distinction.

I think the biggest problem is that you're trying to invent a numismatic term here which shows your apparent disdain for collecting bullion coins. If you really dislike them so much, why do you insist on posting in so many threads devoted to them? If you're not hostile to them, then why not use common numismatic terminology to discuss them so that it's clear what you're talking about and you don't run the risk of being misinterpreted?

 

I Palindrome I,the examples I have quoted are just a sample.As to the pre-1965 American coins,they were issued when the intrinsic value equalled the face value.I am actually not the first person to have used the term 'medal-coin'.Quite a few people in the numismatic trade over here use the term 'medal-coin' to describe any NCLT piece.

Aidan.

 

Unfortunatly aidan you are wrong since Canadian non circulating coins are still legal tender thus they are a coin and not a medal for the majority.

Secondly I dont recall even talking to you about your second post about your opinions and was having a conversation about bullion which has nothing to do with what you said.

Thirdly I will ask you to refrain from posting in my threads because every time I post one of my COINs you call it a medal and insult me and my collection and I have had enough. It also degrades my thread because this thread was about my silver $5 dollar coin and not the difference of what you think is a medal-coin :headbang: and whats a coin.

I think most will agree with me that we are tired of this and we have had enough threads like that.

:headbang: :headbang: :headbang: :headbang: :headbang: :headbang:

 

testing my new signature