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.
- unknown
Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
- unknown