Canadian $8 pieces?

Is it true that the Royal Canadian Mint is striking some $8 pieces? If it is true,are the pieces going to circulate,thus qualifying them to be recognised as coins,or if they are not going to circulate,then they would be recognised as medal-coins? If they are going to be medal-coins,then it would be created as a way of separating collectors from their hard-earned cash.I know of one entity in the British Commonwealth that actually put an $8 banknote into circulation - the Chatham Islands when they issued their second (& last) series of notes back in 2001.

 

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I am aware of 3 $8 coins put out by the RCM. All 3 sell for considerably over FV and are silver.

 

Ccgnum,if you can,could you please post pictures of the pieces?

 

The $8 issued in 2004 was a silver commemorative coin and I know another $8 is planned this year but have no other information at this time. If I get wind of anything I will post when I do!

 

You can see the coins at the Royal Canadian Mint webpage. www.mint.ca

 

Defiant7,I couldn't find the pictures of the $8 medal-coins.

 

Go to the mint site click on "coin sets" and look at - 2005 120th anniversary of the CPR - 2coin set.

 

I keep seeing this medal coin referernce from aidan and I think we had a discussion.


For example this $8 dollar coin that he says is a medal coin can still be used as currency. It is just up to the person that is being payed with it if they want to accept it or not.

I dont think circulation has anything to do with if its a coin or a medal coin in canada.

Thats just my opinion though.

 

$8 coins are only intended for collectors. I am certain there are none intended for circulation. Although they do have a face value and if you do find somebody to take them you could use them, But for $120 CDN for a set of two why would you want to?

 

Sorry I did not give a link to the page. The pictures are in the RCM online store, and I did not know if it was against the forum rules to post links to commercial websites. If you still have not found it I can PM you the link.

 

It is against the rules to post links to your own commercial sites, as that is a form of prohibited self-promotion. (It is permitted in the Open and Auction forums, subject to the special rules for those forums.)

Links to other commercial sites, such as the RCM, are reviewed by the Moderators on a case-by-case basis, and if they are not posted for self-promotion or advertising purposes, they are usually left alone.

 

You wouldnt but I am saying you can. Any of those colector coins with a face value are worth their face value and can be used. Thus really not a medal coin. I looked at a binder in the store that where medal coins and they dont usually have a face value or they are more like a token.

Thats just my opinion though.

 

Where do we link our site. For example i have a website but has nothing to do with coins and i dont sell anything so is that allowed in my sig so i can still get a bit of advertising.

 

Thanks for the clarification. Here is the link
http://www.mint.ca/en/catalogue/products/623505?catid=5

 

Defiant7,thank you for that link.They are nice looking medal-coins.Did you know that the Chatham Islands had an $8 note in circulation back in 2001?

 

I talked to a guy thats been in business for over 40 years and his son that been doing it along with him and what you call is not a medal coin.

The reason being that if it is struck by the canadain mint with a denomination the coin will never be less then face value and can be spent legally.

His binders of medal coins are usually similar to tokens in which they can not be spend as regular currency.

Thats the way canadian coins are

thus the 8 dollar coin is not a medal coin regardless if it isnt meant for circulation.

 

WhispTech,if you can buy the Canadian $8 piece at face value,then it is not a medal-coin,but if the Royal Canadian Mint or the Bank of Canada is selling
it with a huge premium above face value,then,it is most definitely a medal-coin. That is my view.

 

No I did not know that, I am not big into forgein coins/bills but I would like to see it if you have a picture. Thanks

 

As for my two-cents or 800 cents in this case about commerative coins. I agree that they are legal currency, but to spend them as legal currency is easier said then done if you take them to a bank or a store they will look at you if you just flew in from crazy town.

 

Sorry, web links are only allowed in your profile, not your signature.