Where's The Silver? - Coin Community Forum

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Author	Replies: 7 / Views: 2,796
mkb Valued Member United States 324 Posts	Posted 06/18/2008 5:12 pm Ever wonder what happened to all the silver coins issued in Canada? Most of them were melted down at one point or another. The melting of coins was an ongoing problem, but the first real big melt-down did not occur until 1919-1920 when silver prices rose and the Canadian dollar dropped relative to silver prices. See: Image: NYTimes1919.jpg 86.27 KB This prompted a change to .800 silver content from .925 silver content. The next big melt down came in 1968 when silver prices rose dramatically. This prompted a change to nickel coinage. The third big melt-down occurred in the late 1970's to early 1980's. By then, very little of the original silver coinage was left. Some of the coins of course were lost and some were withdrawn due to wear. Likely, even the Canadian mint withdrew and melted silver coinage in 1968 and onwards just as they have been withdrawing and melting the near pure nickel coinage issued prior to 2000. Report this Post to the Staff

Libertad Peso Valued Member United States 161 Posts	Posted 06/19/2008 10:48 pm They are all over ebay. I also find them regularly in the foreign coin boxes at a dealer in NC. I pay bullion prices or less for most of them. Even got 2 Victorias today for a tad over bullion. Report this Post to the Staff
bibd Pillar of the Community Canada 838 Posts	Posted 06/20/2008 03:14 am That's cool you get our old Canadian silver coins in foreign boxes so cheaply. Sometimes, I find Seated Liberty dimes or Shield nickels showing up in foreign boxes here in Canada. Being a U.S. collector, I snatch them up, even if they are doubles. Report this Post to the Staff
johnnydee New Member Canada 40 Posts	Posted 08/09/2008 10:52 am Thanks for that helpful information everybody. Report this Post to the Staff
daviscfad Pillar of the Community United States 4541 Posts	Posted 08/17/2008 01:20 am Speaking of melting coins::: Can you melt the .999 nickels legally in the US? Edited by daviscfad 08/17/2008 01:20 am Report this Post to the Staff
Jaobler Pillar of the Community United States 6396 Posts	Posted 08/24/2008 5:13 pm Here's a question: do the obsolete silver coins show up in roll searches of Canada coins? I can sometimes find 40% silver and even the occasional 90% silver US half dollars in rolls purchased from the bank. Are Canadian collectors making any similar finds? Report this Post to the Staff
mkb Valued Member United States 324 Posts	Posted 08/25/2008 2:54 pm "Can you melt the .999 nickels legally in the US?" You can't melt US nickels in the US, but the US law does not apply to foreign coins, and I doubt there is a law for foreign coins. In Canada though, you cannot melt Canadian 5c coins. Report this Post to the Staff
daviscfad Pillar of the Community United States 4541 Posts	Posted 08/25/2008 5:57 pm Quote: You can't melt US nickels in the US, but the US law does not apply to foreign coins, and I doubt there is a law for foreign coins. In Canada though, you cannot melt Canadian 5c coins. When I said .999 nickels I was saying the canadians in the US. but I didnt think it would be a problem Report this Post to the Staff
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