I got this coin a while back. At that time, I was a newbie to silver coins, and this seems somewhat legit.
This is the $20 for $20 2011 commemorative coin. Paying CAD$20 paper fiat for a CAD$20 face value silver coin. It was only 1/4oz of silver (7.96gm). 200,000 minted.
This is the full view of the coin from catalog.
The coin came in a sealed package, which I never opened. So, I have never seen the back part of this coin!!
This is how it is supposed to look !
However, think of it. I paid CAD$20 for only 1/4 oz of silver. That is CAD$80/oz!!! Way too expensive!!
It was the highest Canadian face value of silver coins at that time though. To put myself at ease, I think of this coin as fiat, with some silver content. Keeps me from beating myself up.
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Thank you for your continued support of SteemSilverGold
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@khamen if it makes you feel any better I got the Hook in my Mouth too..........Never Again.......
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Welcome to the club!! We all learn!
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I have a french 0,2 T OZ gold coin with face value of 250 EUR and paid ....250 EUR. Gold value still is a little lower, Issue is only French banks give you EUR 250 for th ecoin (they say).
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Yes, gold is still a little lower, but at least not 4x lower! It should be worth more than face, when gold trends up!
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I’ve got a few of those too buddy — it’s how we learn...
😎👍
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Yes, live and learn.
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I subscribed to the whole series. $20 $50 $100 and $200 coins. Got all of them but sold all of my $50 $100 and $200. I still have the whole set of $20 for $20.
In the end, it worked out to be a great way for me to save dollars, and I turned them in at RBC one day and bought some silver and gold with it.
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Yes, I suppose now is a good time to turn it in for face value fiat cash, and buy ~ 1+ t oz of silver. At least 4x more silver.... worth a thought.
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