why 1 ounce silver (92.5%) canadian olympic cost less then 1 ounce (99.99%) maple?

Discussion in 'Coin Chat' started by djsmalls, Feb 8, 2012.

  1. djsmalls

    djsmalls Member

    hi everyone, I'm new to here and I was wondering why does the why 1 ounce silver (92.5%) canadian olympic cost less then 1 ounce (99.99%) maple?

    at my loco coin shop maples go for 4 dollars over spot and then 1988 Canadian Olympic sterling silver coin with one ounce of silver content cost spot price.

    and the minting on the Olympic coins are low, only around 300,000.

    what do you guys think is a better buy? should i buy the maples or the Olympic coins?

    and if i was to sell it in the future do you think i would get under spot for the Olympic coins?

    I dont get it! they both have 1 ounce of silver in them!

    oh and one more thing, the Olympic coin face value is 20$ and maple leaf is 5$
     
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  3. rodeoclown

    rodeoclown Dodging Bulls

    No reason to double post the same question, not when you're asking on the same forum.
     
  4. djsmalls

    djsmalls Member

    im just trying to get a quick answer to my question.

    and one more thing the Olympic coins dont say fine silver or that its sterling. am i better off buying the maples?
     
  5. rodeoclown

    rodeoclown Dodging Bulls

    Posting same question more than once on the same forum or website will never speed up replies or answers.

    Another reason for the differences in cost are demand. Some collectors will likely seek the Maples over these commemorative issued coins.

    Buy what you like really. Long term though you're likely better off with the Maples if you're doing it for investment purposes as I'm sure some or most collectors seek the more desirable Maples over those who are fans of the Olympics who would like their silver bullion commemorating the Olympics.
     
  6. coinhead63

    coinhead63 Not slabbed yet

    Popularity is very important to the value. I have some large cents that have much lower mintages than the 1909 S VDB but are a fraction of the value when comparing equal grades because large cents aren't as popular as Lincoln cents.
     
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