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RE: #piratesunday 2001 $20 Canada Dollar Transport: The Marco Polo Revisited

in Telokanda4 years ago

I always did like Canada's putting $20 and higher denominations on some of their Modern Silver Coins. I've been on the lookout for them getting overlooked and ending up in the common bullion, but haven't found any yet. Thanks for sharing, kerrislravenhill.

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The RCM seems to be trending higher denominated coins over the longer time, perhaps coming to grips with real world Inflation I guess.
The Mint Master or Chief Engraver tends to get the final say on assigning the Nominal fiat value so the policy is not dictated by the RCM management. That is why it appears so inconsistent over the entire existence of the RCM. Every Chief Engraver had his own idea, not to say it is bad, but certainly some variety.
There is a YouTuber who took advantage of an apparent Arbtrage situation, where the face value of the silver coin was much more that his purchased price of Bullion+. The Canadian Bank coughed up the $100 face value because of it's legal tender status. Cool Flip, I'd say. Thanks for the comment @cwe3