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<p>[QUOTE=&quot;Cloudsweeper99, post: 193477, member: 3011&quot;]I contacted Scotiabank in Canada [a big silver dealer] a couple of years ago to ask them whether the $5 silver maple leaf could be redeemed at face value if the price of silver went below $5 per ounce.&nbsp; They answered &quot;no,&quot; that the legal tender laws for bullion were different from circulation coins and it could only be redeemed for bullion value.&nbsp; They said that Canada puts a $ value on the coin to be able to export it to other countries duty free because under some trade law provisions it is considered money and escapes taxation if it has a legal tender value stamped on it.&nbsp; I don&#039;t know whether any of this influenced the decision to put a nominal face value on US bullion coins.[/QUOTE]</p><p><br /></p>

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