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Redeemabi;ity of the $5.00 Maple Leaf
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<p>[QUOTE="Conder101, post: 28711, member: 66"]I don't believe the price of silver has ever dropped below the face value of the Maple Leaf. However it has in the past dropped below the face value of the 1976 Olympic coins. The first time that happened some people did try to redeem them at face value and they were refused. After a lot of angry complaints they did agree to accept them at the Bank of Canada but there were restrictions on how many you could redeem at a time. Shortly after that silver went back up and the point became moot. Since then silver has dropped that low again and the old rules again applied. Whether they would apply to the bullion coin I do not know.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 28711, member: 66"]I don't believe the price of silver has ever dropped below the face value of the Maple Leaf. However it has in the past dropped below the face value of the 1976 Olympic coins. The first time that happened some people did try to redeem them at face value and they were refused. After a lot of angry complaints they did agree to accept them at the Bank of Canada but there were restrictions on how many you could redeem at a time. Shortly after that silver went back up and the point became moot. Since then silver has dropped that low again and the old rules again applied. Whether they would apply to the bullion coin I do not know.[/QUOTE]
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