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Newest Canadian "Exchange $20 for $20" Coin Out Now
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<p>[QUOTE="Blissskr, post: 1517852, member: 34882"]Except that the intrinsic value of the US coin will always be an ounce of silver or close to it and the coins were specifically designed so that the intrinsic value would always be more than the face value because consideration was given to the issue. Versus spending $20 for roughly 1/4th ounce of silver with a face value of $20 that isn't exactly legal tender so all it's really worth is 1/4 ounce of silver. I've seen news stories of people cashing in AGE and ASE's and older US coins to banks at face value because banks,etc will generally take them and honor the legal tender status. And then some lucky person will exchange FRN's for them at face and gladly take them home for the intrinsic value of the metal or the banks will try and find the person or original owner as they realize that the coin has more value than it's face value where as the Canadian coins don't at least not with silver spot at this time.[/QUOTE]</p><p><br /></p>
[QUOTE="Blissskr, post: 1517852, member: 34882"]Except that the intrinsic value of the US coin will always be an ounce of silver or close to it and the coins were specifically designed so that the intrinsic value would always be more than the face value because consideration was given to the issue. Versus spending $20 for roughly 1/4th ounce of silver with a face value of $20 that isn't exactly legal tender so all it's really worth is 1/4 ounce of silver. I've seen news stories of people cashing in AGE and ASE's and older US coins to banks at face value because banks,etc will generally take them and honor the legal tender status. And then some lucky person will exchange FRN's for them at face and gladly take them home for the intrinsic value of the metal or the banks will try and find the person or original owner as they realize that the coin has more value than it's face value where as the Canadian coins don't at least not with silver spot at this time.[/QUOTE]
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