Okay, this is really twisted. The Royal Canadian Mint is now offering a silver coin with a legal tender "face value" of $100 CAD.
They are selling them for...$100 CAD.
The catch being that they only contain slightly more then a troy oz of silver.
Its an interesting premise. If we go into a deflation the face value becomes more valuable. Whereas if we go into an inflationary environment
your pretty much screwed unless silver rises to a $100 an oz in which case you break even.
Mintage is only 50,000 which makes this an interesting numismatic investment in that there is no risk of the coin depreciating in value below what you initially pay for it.
As a bullion investment its obviously crap.
How would History Student weigh in on this one?