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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (26365)1/17/1999 10:20:00 PM
From: Karl Siemens  Read Replies (2) | Respond to of 116764
 
I once obtained a couple of Canadian $100 gold coins for face value, so I thought I'd try a couple of transactions with them to see what reaction I'd get.

The first was at a bank where I had previously had trouble trying to deposit some silver $5 and $10 coins. For a gold coin of legal tender with a face value of $100, they wanted to give me $83 (gold content value) less the cost of shipping it to their branch in Toronto, less the cost of assaying it! And this is a bank well known for dealing in gold coins. I'm sure they would have taken a piece of paper with $100 printed on it for less trouble.

So instead, I went to pay for my groceries with the gold. No problem. Everyone, including the manager fussed over the coin. They were eager to have it.

FWIW,
Karl S.