$20 for $20

[apush]

I viewed the Royal Canadian Mint and saw that they were offering $20 face value silver coins for $20.
I could not locate, however, the troy weight/percent of silver content.

I could guess that it is not a bargain, but has anyone ever purchased?

apush

 

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[Mackaydon]

Melt value: $8.53 per: http://news.coinupdate.com/royal-canadian-mint-offers-silver-coin-at-face-value-1193/
Don.......

 

[apush]

Thanks, sir.

apush

 

[Mackaydon]

apush,
It's a bargain, for sure, but only to the government.
Assuming the total cost is $9, their gross profit is 55%; a percentage most companies would gladly accept.
Don.....

 

[jarlbartar]

Yeah, but it's still $20 Canadian for $20, not bad if you are in Canada minus the processing fees. It is 1/4 ounce of silver. I have been debating buying my limit of 3, I just think it's an awesome looking coin.