80 % Canadian As Bullion - Coin Community Forum

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I am thinking of buying 2 rolls (40 coins) of AU to BU Canadian dollars dated 1965 and earlier this afternoon. What do you all think of 80 % silver Canadian coins as a way of storing bullion? Canadian coins are recognized world-wide but the silver content of just 80 % might make some buyers hesitate when it comes time to sell.

I am really only buying these just because I like them and will probably never sell them. I was just wondering what the prevailing opinion is of 80 % as bullion.

By the way, I am only going to pay $13.20 apiece for them. Do you all think that is reasonable price?

To me your purchase was a deal. Almost all of the Canadian silver dollars I have cost me at least $20 each.

As far as buying for bullion; I can't help you. I bought all of mine as collectables, and their silver value has no input whatsoever.

BTW, your coins have about a $12.50/ea silver value today.

The going price yesterday was US$13.20, a little higher today.
Just like Morgan and Peace dollars the Canadian silver dollars are bought and sold at higher prices per dollar than other constitutional silver.

Most of the Canadian dollars I purchased (pre-67) I purchased at or below $8 each -- purchased 100 at $3.75 each 20 years ago.

If you ever have to sell/trade Canadian silver (after 1919), remember $20 is a pound of silver ASW, $10 is a half pound, $5 is a quarter pound.

As a Canadian that is a good price I stack 80% 90%it's all silver I think you will always find a buyer.I pay more than that here and tax .NO tax on bullion here.

80 and 90 per cent Silver coin is absolutely TAXABLE
in Canada .
GST and PST in BC
GST IN AB and the Territories
GST& PST in SK MB
GST & QST in QC
HST in all the rest of the Canada

8.31 % gross receipts (sales) tax on everything in Santa Fe. Makes me avoid buying here unless it's a really good deal. Even KITCO out of Montreal charges this for anything shipped here. Fortunately, I can have it shipped to one of my other addresses where sales taxes don't apply to bullion.

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