Canadian 2013 $100 Bison Silver Coin for $100

by Darrin Lee Unser on May 15, 2013 · 15 comments

The Royal Canadian Mint is now accepting pre-orders for the 2013 $100 Bison Silver Coin, the debuting release from its Wildlife in Motion series that features $100 silver coins that sell at face value.

Canadian 2013 $100 Bison Silver Coin

Royal Canadian Mint image of its 2013 $100 Bison Silver Coin for $100, the first issue in the Wildlife in Motion series of 99.99% silver coins

Collector demand for the pure silver coins is expected to be strong. The Mint’s similar Exchange $20 for $20 program has been met with intense public demand leading to sell-outs. The most recent release, the 2013 $20 Wolf Silver Coin, is at 96% of its 250,000 mintage according to the Royal Canadian Mint. The mintage limit for the 2013 $100 Bison Silver Coin is set at 50,000.

2013 $100 Bison Silver Coin Designs and Specifications

The reverse coin design by Claudio D’Angelo captures three bison running along the Canadian countryside. Surrounding the scene are inscriptions reading ‘CANADA’, ‘2013’ and the legal tender face value of ‘100 DOLLARS’.

Obverses show a portrait of Queen Elizabeth II by Susanna Blunt. Inscriptions include ‘ELIZABETH II’ and ‘D.G. REGINA’.

Each coin is struck to matte proof quality from 99.99% pure silver. They feature a serrated edge and a diameter of 40 mm.

Total gross weight of every $100 Bison Silver Coin is listed as 31.6 grams. This equates to about 1.016 troy ounces of silver. Based on the recent spot price of silver of $22.87, each coin has an approximate melt value of $23.24.

Ordering

Currently, the 2013 $100 Bison Silver Coin is available to Royal Canadian Mint Master’s Club members. These are customers who have spent more than $999.99 in RCM products in a consecutive 365 days based on the first date of purchase.

Ordering will open for everyone in a few days. Visit www.mint.ca for updates.

Update: Sales opened fully for the silver coin on Thursday, May 16, 2013.

While these silver coins sell at face value and are GST/HST/PST tax exempt, the Mint does charge for shipping and tax on shipping. Master’s Club members are not charged shipping within the US and Canada.

{ 15 comments… read them below or add one }

A&L Futures May 16, 2013 at 8:17 am

Just ordered my allocation of three.

Mercury May 16, 2013 at 2:29 pm

It’s definitely a win win! Get them while you can! They’ll all be gone tomorrow!

Pegginwolf May 16, 2013 at 6:38 pm

I understand this is the 1st of a series; any idea how many coins are included in that series?

Joe#2 May 16, 2013 at 7:24 pm

I believe it’s 50,000 in the series.

Joe#2 May 16, 2013 at 7:26 pm

sorry, misunderstood.. I know 50,000 in this first coin issued.. Not sure how many total coins in series.

Pegginwolf May 16, 2013 at 7:34 pm

Would just be great to know if I’m getting into a $500, $1000 or $10,000 series…

hockey May 17, 2013 at 7:17 am

groundship99

gives you free shipping –saves you 10.00

A&L Futures May 17, 2013 at 10:26 am

For whatever reason, the product page for this particular item now reads, Phone Only.” Does this mean they’re close to a sell out or has the RCM website ordering undergoing some form of maintenance?

hockey May 17, 2013 at 2:49 pm

50000

Canada and US only
1 per household
$100.00 CAD

also went from order on line to phone order and limit down from 3 to 1

John May 18, 2013 at 1:25 pm

I called on the phone on May 17th and was told i was on a waiting list.

JD May 20, 2013 at 11:29 am

Dear All,

Please beware that banks and businesses are not obliged to accept the $100 coin as $100 worth of cash despite the legal tender nominal of $100.
So, buyer’s beware.

Read about story here.

hockey May 20, 2013 at 8:04 pm

Can I redeem a collector coin at a bank or use it as currency to purchase goods or services?
All coins manufactured by the Mint are legal tender. However, unlike Canadian circulation coins, collector coins are non-circulating legal tender (NCLT). As such, these coins are not intended for daily commercial transactions and accepting them as payment or for redemption is at the discretion of businesses and financial institutions.

The Mint has a process in place to reimburse financial institutions the face value of redeemed NCLT coins, once they have accepted them from a customer and returned them to the Mint. In the event a bank branch is unaware of this procedure, customers are advised to contact the Mint with the coordinates of the bank branch, which will take steps to inform the branch of the redemption process.

As collector coins can only be redeemed at face value by businesses and financial institutions willing to accept them, it is recommended that individuals wishing to sell a collector coin first consult with a coin dealer, who is more likely to offer a price above face value.

*******in bought 3 of each 20 for 20 coins–and bought my first 10oz silver bar with the extras at a coin store–they will buy them from you at face value or greater

Jack May 30, 2013 at 12:06 am

I highly recommend not to take these to the banks, as their are lots of collectors that are willing to give you $100 for the coin.

hockey May 30, 2013 at 8:39 pm

now thats a nice coin—-lot of office complements on it—twas a good buy

john May 31, 2013 at 8:16 am

Called BMO Harris in US, they said they could get me $100 in Canadian fund. The redemption of this coin is not a big issue.

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