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Newest Canadian "Exchange $20 for $20" Coin Out Now
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<p>[QUOTE="chrisild, post: 1518134, member: 39"]Sure, for a US $1 coin that costs about $50 when you buy it from the mint, they will honor the $1 face value. Fine; I just think that it is pretty silly to say that a newly issued coin with a denomination of "X" is "not worth X". People who buy that Canadian $20 piece will do so primarily because they like the design, or maybe the occasion that it commemorates. Not because they think "oh, fine, a $20 coin - let's go to the nearest store and buy food with it".</p><p><br /></p><p>Personally I do not like "surcharged" coins (I mean coins that are issued with a price tag that says much more than the face value) a lot anyway, and tend to avoid them. And yet from time to time I may find something about such a piece interesting, and then buy it. Of course I'm well aware of the fact that such pieces are hardly ever used as means of payment. People who are focused on "intrinsic value" and nothing else should buy bullion, and not collector coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> Others may well find pieces like the one mentioned in the first post great.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1518134, member: 39"]Sure, for a US $1 coin that costs about $50 when you buy it from the mint, they will honor the $1 face value. Fine; I just think that it is pretty silly to say that a newly issued coin with a denomination of "X" is "not worth X". People who buy that Canadian $20 piece will do so primarily because they like the design, or maybe the occasion that it commemorates. Not because they think "oh, fine, a $20 coin - let's go to the nearest store and buy food with it". Personally I do not like "surcharged" coins (I mean coins that are issued with a price tag that says much more than the face value) a lot anyway, and tend to avoid them. And yet from time to time I may find something about such a piece interesting, and then buy it. Of course I'm well aware of the fact that such pieces are hardly ever used as means of payment. People who are focused on "intrinsic value" and nothing else should buy bullion, and not collector coins. ;) Others may well find pieces like the one mentioned in the first post great. Christian[/QUOTE]
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