It's a bird! It's a plane! It's ... a bad investment!
05-21-2017, 03:45 PM (This post was last modified: 12-15-2017, 05:22 PM by robkelk.)
05-21-2017, 03:45 PM (This post was last modified: 12-15-2017, 05:22 PM by robkelk.)
CBC: Silver Superman coins prove to be kryptonite to Royal Canadian Mint's bottom line
tl;dr: The Royal Canadian Mint made some $20 silver coins a few years ago and sold them for $20 - now that the silver in them is worth $6, people are getting the coins' face value back from the Mint (and the Mint is taking a bath). And there were so many made that they're not going to be worth much on the collector market for a while.
(And, yes, Bob, that includes the Bugs Bunny silver coin I got for you at the time.)
Good thing I bought mine with money budgeted for entertainment, not for investments.
tl;dr: The Royal Canadian Mint made some $20 silver coins a few years ago and sold them for $20 - now that the silver in them is worth $6, people are getting the coins' face value back from the Mint (and the Mint is taking a bath). And there were so many made that they're not going to be worth much on the collector market for a while.
(And, yes, Bob, that includes the Bugs Bunny silver coin I got for you at the time.)
Good thing I bought mine with money budgeted for entertainment, not for investments.
--
Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
Boycotting ALL products from the USA as long as that country's leader continues to lie about my native country.
Government of Canada: How to immigrate to Canada
Government of Canada: Claiming refugee protection (asylum) from within Canada
Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
Boycotting ALL products from the USA as long as that country's leader continues to lie about my native country.
Government of Canada: How to immigrate to Canada
Government of Canada: Claiming refugee protection (asylum) from within Canada