Discussion in 'Bullion Investing' started by rockyyaknow, Oct 28, 2012.
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I agree with that, but if you needed the money the face value should be the better bet.
true but then you would have to go to canada to get that face value
The price of silver would have to drop below $5 Canadian.
I agree I like the Maples better. The leaf on the back looks real nice. I want a 2013 Kookaburra, they are a good looking coin.
That's is the only problem I have with maples and why in the h_ll don't they fix it. I mean come on you makes millions of coins for billions of dollars but you can not fix the milk spots ?
I called the bullion desk at ScotiaBank some time ago and asked them about the $5 face value. They told me that if the price of silver dropped below $5, Canadian banks would not pay $5 for the coin. The face value is only there in order to enable Canada to export the coins to certain countries without paying excise taxes, but that's all.
Interesting. But they are willing to accept their $5 face value today?
Funny how that works huh?
From what I was told, no. But it probably depends on the honesty of the particular bank teller and manager.
So . . . . . is the ML legal tender in Canada? If so, I cannot imagine a bank not not paying out $5 in paper even if the value of silver did drop below $5/oz. Even then, paper $5 bills have no intrinsic value. Therefore, ScotiaBank was shoveling Boolsit outta der bum.
ASE's, Leafs, Britannia, Philharmonics are all interchangable to me. My personal preference is for the Mexican Onza's.
As it stands, the one thing a lot of stackers complain about in regards to the Maples is the milk spotting. It has something to do with the borax not being completely cleaned off them before annealing, and the randomly appear. From experience, they are more likely to appear in humid climates. If you're buying them for silver content alone, then either is still an ounce of silver, and if you don't care about the appearance, buy what you want. I don't think there is a refiner in the world that cares about milk spots, and I can't imagine a reason they would.
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