Just a quick note, .999% pure silver coins are tax/duty exempt when importing to Canada. You may get dinged for it as they seem to be somewhat bad at actually checking what the item is, but you can get it reimbursed if they do try to charge you on it.
Thanks for the info. Actually I'm an importer of silver bullion so I've dealt with this before. Pure 999 bullion is exempt but collectibles aren't. If this ounce of silver cost somewhere around $20 or maybe even $30 it would be considered bullion, but it's well over $100, making it a collectible, subject to full taxation and fees. Even if it wasn't, they'd slap the taxes and fees on anyway, they love doing that. I got some fractional gold eagles in from the US last week - major duty had to be paid before I could pick them up. Gold is money, you can't tax it - but they do anyway.
Additionally, the claim process you speak of takes 3+ months and a lot of hassle, and isn't always successful. But yeah, once hit with the $50 tax you shouldn't have had to pay, you can then start the 3 month process to hopefully get most of it back. Not exactly ideal. I don't have fifty bucks to set aside for a quarter of a year, for one thing.
Just a quick note, .999% pure silver coins are tax/duty exempt when importing to Canada. You may get dinged for it as they seem to be somewhat bad at actually checking what the item is, but you can get it reimbursed if they do try to charge you on it.
Thanks for the info. Actually I'm an importer of silver bullion so I've dealt with this before. Pure 999 bullion is exempt but collectibles aren't. If this ounce of silver cost somewhere around $20 or maybe even $30 it would be considered bullion, but it's well over $100, making it a collectible, subject to full taxation and fees. Even if it wasn't, they'd slap the taxes and fees on anyway, they love doing that. I got some fractional gold eagles in from the US last week - major duty had to be paid before I could pick them up. Gold is money, you can't tax it - but they do anyway.
Additionally, the claim process you speak of takes 3+ months and a lot of hassle, and isn't always successful. But yeah, once hit with the $50 tax you shouldn't have had to pay, you can then start the 3 month process to hopefully get most of it back. Not exactly ideal. I don't have fifty bucks to set aside for a quarter of a year, for one thing.
Was not expecting that last line. Aren't the gold/silver markets better for long-term investments, if that's what you do? Or do you import rare metals for another purpose?
After hearing about this Jace coin, I made the following graph. Unfortunately, I had to chop it up because it doesn't fit on my site. But I can share the graph in all it's glory here.
I can't even put into words my reaction when I first saw this. A true classic for all times.
Charging $145 for $20 worth of silver? Wow, and I thought getting people to pay $50-100 for a few cents' worth of ink and cardstock was marketing genius.
Well, it will be marketing genius if they can actually get it to sell. Time will tell on that one.
This product was definitely intended for the collector more than the everyday player. While I can't really see paying $150 for this ATM, I'm sure as a collectors item it will be worth a bit in time.
Do you know if you can spend it in New Zealand? The coins aren't issued to New Zealand, but to The Pacific Nation of Niue.
Good question. No, I don't know for sure. Keep in mind many countries use currency minted/printed by other nations. How many countries use the USD, for example? Lots. Then again, in that case, they usually don't print it themselves, they import the physical currency from the US I believe. So will these NZD be spendable in NZ, or just in the country stamped onto the coin? Remember that the coins will be minted in New Zealand by their official Mint, and will never actually go to or be in "Niue". They're made in NZ, they're legal NZ currency.... I'm thinking you'll be able to spend them in NZ. Not that anyone would be so foolish.
I've got a $5 Canadian coin that contains about $150 worth of gold. I could spend it on a sandwich, but I won't.
Charging $145 for $20 worth of silver? Wow, and I thought getting people to pay $50-100 for a few cents' worth of ink and cardstock was marketing genius.
I get what you were trying to say, but hopefully you didn't mean to imply that overpaying for cardboard is better than overpaying for precious metal?!? Sure, it's incredible they've managed to train us into paying huge bucks for cardboard which is useless except for the specific ink patterns on them making them suitable for tabletop card gaming. But why would you insinuate that it's even MORE incredible that people will shell out cash for a silver bar? Silver is money itself, has thousands of irreplaceable applications in industry, and has held inherent value since the dawn of recorded time. Cardboard and ink can't say any of that.
Was not expecting that last line (I don't have fifty bucks to set aside for a quarter of a year). Aren't the gold/silver markets better for long-term investments, if that's what you do? Or do you import rare metals for another purpose?
What I meant by that sentence is that I'm poor - I haven't got $50 I don't need for other things right now.
"Aren't the gold/silver markets better for long-term investments?" It depends on the person, what their goals are (investment gains, hedge against inflation, savings, mistrust of government issued currency, collecting, etc). I'm not an investor - I'm not holding precious metals for dollar gains. And when it comes to this coin, which is the topic at hand, it's not a silver investment, it's a collectible investment. You're buying $150 worth of rarity, precision crafting, and attractive carrying case. If I wanted to invest in silver, I'd buy a TEN ounce bar (ten times the amount of silver) for the same price. It just wouldn't be a collector item, wouldn't have Jace on it, wouldn't have a $2 face value, and would come in a clear plastic sleeve instead of a collector box.
I can't even put into words my reaction when I first saw this. A true classic for all times.
The jist is funny, but it's not to scale, nor does it make any logical sense once you think about it. Kinda like a Magic combo, that when you look closely, is actually a nonbo. Visually appealing though yeah
As a silverstacker and a magic the gathering player this is the perfect combo of my 2 favourite hobbies NZ mint make the best numismatic silver items. This will increase in value dramatically. Mass produced 1 oz kookaburras can sell for this sort of figure
As a silverstacker and a magic the gathering player this is the perfect combo of my 2 favourite hobbies NZ mint make the best numismatic silver items. This will increase in value dramatically. Mass produced 1 oz kookaburras can sell for this sort of figure
Can you elaborate on this a bit? On why you think the value might increase? I know little about precious metals but was on the fence about buying one--I love magic as well as JTMS so I do want one but wasn't sure if $150 is too much to pay for this.
As a silverstacker and a magic the gathering player this is the perfect combo of my 2 favourite hobbies NZ mint make the best numismatic silver items. This will increase in value dramatically. Mass produced 1 oz kookaburras can sell for this sort of figure
Can you elaborate on this a bit? On why you think the value might increase? I know little about precious metals but was on the fence about buying one--I love magic as well as JTMS so I do want one but wasn't sure if $150 is too much to pay for this.
I just got my coin. I have to tell you, it is smaller than you think but it looks superb. It comes with a sturdy box and is well positioned in a protective glass-like case.
I was actually quite amazed of how beautiful this piece is and don't regret buying it. I might even go for the whole series now...
Thanks for the info. Actually I'm an importer of silver bullion so I've dealt with this before. Pure 999 bullion is exempt but collectibles aren't. If this ounce of silver cost somewhere around $20 or maybe even $30 it would be considered bullion, but it's well over $100, making it a collectible, subject to full taxation and fees. Even if it wasn't, they'd slap the taxes and fees on anyway, they love doing that. I got some fractional gold eagles in from the US last week - major duty had to be paid before I could pick them up. Gold is money, you can't tax it - but they do anyway.
Additionally, the claim process you speak of takes 3+ months and a lot of hassle, and isn't always successful. But yeah, once hit with the $50 tax you shouldn't have had to pay, you can then start the 3 month process to hopefully get most of it back. Not exactly ideal. I don't have fifty bucks to set aside for a quarter of a year, for one thing.
.
Was not expecting that last line. Aren't the gold/silver markets better for long-term investments, if that's what you do? Or do you import rare metals for another purpose?
I can't even put into words my reaction when I first saw this. A true classic for all times.
Well, it will be marketing genius if they can actually get it to sell. Time will tell on that one.
Good question. No, I don't know for sure. Keep in mind many countries use currency minted/printed by other nations. How many countries use the USD, for example? Lots. Then again, in that case, they usually don't print it themselves, they import the physical currency from the US I believe. So will these NZD be spendable in NZ, or just in the country stamped onto the coin? Remember that the coins will be minted in New Zealand by their official Mint, and will never actually go to or be in "Niue". They're made in NZ, they're legal NZ currency.... I'm thinking you'll be able to spend them in NZ. Not that anyone would be so foolish.
I've got a $5 Canadian coin that contains about $150 worth of gold. I could spend it on a sandwich, but I won't.
I get what you were trying to say, but hopefully you didn't mean to imply that overpaying for cardboard is better than overpaying for precious metal?!? Sure, it's incredible they've managed to train us into paying huge bucks for cardboard which is useless except for the specific ink patterns on them making them suitable for tabletop card gaming. But why would you insinuate that it's even MORE incredible that people will shell out cash for a silver bar? Silver is money itself, has thousands of irreplaceable applications in industry, and has held inherent value since the dawn of recorded time. Cardboard and ink can't say any of that.
What I meant by that sentence is that I'm poor - I haven't got $50 I don't need for other things right now.
"Aren't the gold/silver markets better for long-term investments?" It depends on the person, what their goals are (investment gains, hedge against inflation, savings, mistrust of government issued currency, collecting, etc). I'm not an investor - I'm not holding precious metals for dollar gains. And when it comes to this coin, which is the topic at hand, it's not a silver investment, it's a collectible investment. You're buying $150 worth of rarity, precision crafting, and attractive carrying case. If I wanted to invest in silver, I'd buy a TEN ounce bar (ten times the amount of silver) for the same price. It just wouldn't be a collector item, wouldn't have Jace on it, wouldn't have a $2 face value, and would come in a clear plastic sleeve instead of a collector box.
The jist is funny, but it's not to scale, nor does it make any logical sense once you think about it. Kinda like a Magic combo, that when you look closely, is actually a nonbo. Visually appealing though yeah
.
Actually, the New Zealand Mint is not the official mint, it's just a private company.
Now jace the wallet sculptor is on money. Win.
BEEEES!
Rabble Red
Modern
Burn
Infect
Can you elaborate on this a bit? On why you think the value might increase? I know little about precious metals but was on the fence about buying one--I love magic as well as JTMS so I do want one but wasn't sure if $150 is too much to pay for this.
http://www.ebay.com.au/itm/RARE-2006-Tuvalu-Red-Back-Spider-One-Dollar-1oz-Fine-Silver-Proof-Coin-977-5000-/121314075105
Numismatics silver coins can be highly collectible this is one of the best was originally listed @ $150.
http://forums.silverstackers.com/forum-11-numismatics.html
good place to start
10 yrs from now
http://www.ebay.com.au/dsc/i.html?_from=R40&_sacat=0&LH_TitleDesc=1&_nkw=nz mint 2004 silver&_sop=16
I was actually quite amazed of how beautiful this piece is and don't regret buying it. I might even go for the whole series now...