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<p>[QUOTE=&quot;PeacePeople, post: 1710796, member: 20082&quot;]This is flat out wrong.&nbsp; </p><p><br /></p><p>Everybody jumped on the one story that they don&#039;t actually carry that face value when they do.&nbsp; RCM has a redemption program where they will buy it from the bank at face value and the bank in that story was unaware of the procedure and that the RCM will actually buy them for face value if they&#039;re redeemed at a bank.</p><p><br /></p><p><i>Direct from RCM FAQ page-</i></p><p><i><br /></i></p><p><i>&quot;Can I redeem a collector coin at a bank or use it as currency to purchase goods or services?</i></p><p><i>All&nbsp; coins manufactured by the Mint are legal tender. However, unlike&nbsp; Canadian circulation coins, collector coins are non-circulating legal&nbsp; tender (NCLT). As such, these coins are not intended for daily&nbsp; commercial transactions and accepting them as payment or for redemption&nbsp; is at the discretion of businesses and financial institutions.</i></p><p><i>The&nbsp; Mint has a process in place to reimburse financial institutions the face&nbsp; value of redeemed NCLT coins, once they have accepted them from a&nbsp; customer and returned them to the Mint. In the event a bank branch is&nbsp; unaware of this procedure, customers are advised to contact the Mint&nbsp; with the coordinates of the bank branch, which will take steps to inform&nbsp; the branch of the redemption process.</i></p><p><i>As collector coins can only be&nbsp; redeemed at face value by businesses and financial institutions willing&nbsp; to accept them, it is recommended that individuals wishing to sell a&nbsp; collector coin first consult with a coin dealer, who is more likely to&nbsp; offer a price above face value.&quot;</i>[/QUOTE]</p><p><br /></p>

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