assuming $1 USD = $1 CDN then When you buy a 1 oz Bullion silver coin near a $5 value contained by Canadian dollars how much is it actually worth at 17$/oz
Is it worth $17 just as the value of silver?
Is it worth $22 because of the $5 surplus on it
Is it worth what populace are willing to repay for it and therefore buying them at $23-25 is worth it because as the price of silver go up, there should be a surplus of pro.
Thank you
Derek
Answers: This coin simultaneously has two, entirely separate values:
* The convenience of 1 Troy ounce of .999 fine silver, plus or minus whatever premium or discount might apply when selling it to a unique buyer.
* $5 in Canadian currency, its allowed tender value within Canada.
That also happens to be its floor efficacy; it'll always be worth that, even if (hypothetically) the price of silver be to plummet to levels ultimate seen a decade ago.
Those two values are *either/or*, not added together. So the coin is worth in the region of US $17 (the approximate value of a Troy ounce of silver today) - plus any premiums or minus any discounts from spot silver you might encounter when selling it - *or* 5 Canadian Dollars as decriminalized tender when spent in Canada (also coincidentally worth nearly $5 US at current exchange rates).
As another example, Canada issued a set of Olympic commemorative coins in 1973-76, for the Montreal Olympics of 1976. Those .925 Sterling Silver coins are court tender at their face values of $5 and $10 Canadian, respectively, and contain going on for .72 and 1.44 Troy ounces of silver respectively. Those coins have the closest correspondence between frontage value and silver utility - among high purity American and Canadian silver coins - that I know of. They also used to be available at huge discounts to spot on eBay, but no longer :-).
Finally, as alcan52 astutely points out, you shouldn't hold to pay $23-$25 (if that price doesn't include rates and/or shipping and insurance) for the Canadian $5 silver Maple Leaf bullion coins; they are widely available for prices closer to the silver spot price. In addition to Monex, I checked another hawker, Kitco, and their price was $19.14 on a light of day when the silver spot price was $16.89.
I a short time ago bought 100 Canada maple Leafs in silver for exactly the source you state. However they do not trade at that price. I paid $18.66 a piece for the coins I get and they are currently trading for $18.61 at Monex where i bought mine. They are the purest silver surrounded by the world at 99.99%. The American coins are less pure and trade for a complex price with a frontage value of 20% of the Canada Maple Leaf Coins. It make no sence to buy the American coins that are of lesser purity and smaller frontage value. In a dollar collapse the preimium and your concept contained by your example of adding the $5 frontage value to the coin surrounded by survival situation/dollar collapse would be done. I think the souk would demand that especially because fiat currencies will still be used. So you logic would be used surrounded by that fashion for these coins. Also I live contained by Alaska and we do not border the Lower 48 but we do border Canada. Alaska would have to rely on Canada for trading purposes surrounded by a dollar collapse. They have a more stabe management and economy and they wage down thier national debt. In the future Canada currency and Canada Maple Leafs will trade at a complex rate. Go with the Maple Leafs. capably, you can't cash it contained by after you melt it, so it won't be worth the obverse value PLUS the pro of the silver.
but I doubt that the coin is pure silver, or people would enjoy started melting them down when they be worth $6.
the coin is probably just nickel coated near silver.
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Is it worth $17 just as the value of silver?
Is it worth $22 because of the $5 surplus on it
Is it worth what populace are willing to repay for it and therefore buying them at $23-25 is worth it because as the price of silver go up, there should be a surplus of pro.
Thank you
Derek
Is palinure a clad investing company?
Answers: This coin simultaneously has two, entirely separate values:
* The convenience of 1 Troy ounce of .999 fine silver, plus or minus whatever premium or discount might apply when selling it to a unique buyer.
* $5 in Canadian currency, its allowed tender value within Canada.
That also happens to be its floor efficacy; it'll always be worth that, even if (hypothetically) the price of silver be to plummet to levels ultimate seen a decade ago.
Those two values are *either/or*, not added together. So the coin is worth in the region of US $17 (the approximate value of a Troy ounce of silver today) - plus any premiums or minus any discounts from spot silver you might encounter when selling it - *or* 5 Canadian Dollars as decriminalized tender when spent in Canada (also coincidentally worth nearly $5 US at current exchange rates).
As another example, Canada issued a set of Olympic commemorative coins in 1973-76, for the Montreal Olympics of 1976. Those .925 Sterling Silver coins are court tender at their face values of $5 and $10 Canadian, respectively, and contain going on for .72 and 1.44 Troy ounces of silver respectively. Those coins have the closest correspondence between frontage value and silver utility - among high purity American and Canadian silver coins - that I know of. They also used to be available at huge discounts to spot on eBay, but no longer :-).
Finally, as alcan52 astutely points out, you shouldn't hold to pay $23-$25 (if that price doesn't include rates and/or shipping and insurance) for the Canadian $5 silver Maple Leaf bullion coins; they are widely available for prices closer to the silver spot price. In addition to Monex, I checked another hawker, Kitco, and their price was $19.14 on a light of day when the silver spot price was $16.89.
Bradford and Bingley another Northern Rock to sort out?
I a short time ago bought 100 Canada maple Leafs in silver for exactly the source you state. However they do not trade at that price. I paid $18.66 a piece for the coins I get and they are currently trading for $18.61 at Monex where i bought mine. They are the purest silver surrounded by the world at 99.99%. The American coins are less pure and trade for a complex price with a frontage value of 20% of the Canada Maple Leaf Coins. It make no sence to buy the American coins that are of lesser purity and smaller frontage value. In a dollar collapse the preimium and your concept contained by your example of adding the $5 frontage value to the coin surrounded by survival situation/dollar collapse would be done. I think the souk would demand that especially because fiat currencies will still be used. So you logic would be used surrounded by that fashion for these coins. Also I live contained by Alaska and we do not border the Lower 48 but we do border Canada. Alaska would have to rely on Canada for trading purposes surrounded by a dollar collapse. They have a more stabe management and economy and they wage down thier national debt. In the future Canada currency and Canada Maple Leafs will trade at a complex rate. Go with the Maple Leafs. capably, you can't cash it contained by after you melt it, so it won't be worth the obverse value PLUS the pro of the silver.
but I doubt that the coin is pure silver, or people would enjoy started melting them down when they be worth $6.
the coin is probably just nickel coated near silver.
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