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 Replies: 8 / Views: 2,530 |
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New Member
Canada
4 Posts |
Hello all, I am new to this forum and the world of coins in general. I have in my possession quite a number Canadian (as well as U.S. and UK) coins)and bank notes,left to me by a family member. Some of this collection includes... Bags of Canadian silver dimes (approx 500), and quarters (approx. 600)1967 and earlier -- circulated There is a bag of '68 quarters (approx. 450) Full plastic containers of dimes, quarters(approx 400 - 500 ), each separated by year 1960 - 67 (a few containers of '68 quarters ) Containers of half dollars 1960 - '66 (about 45 coins in total) and containers of silver dollars 1960 -'67. again, each separated by year (approx 80 coins)-- also containers of '68 silver dollars The coins in these containers look uncirculated but I am not sure. There are also nickels, pennies of various years. some of the bank notes include 1937 $10's, 20's, 1954 $20's, $50's --(there are $1's $2's and 5's also) some crisp/look unfolded and some are very well worn -- there are also some notes with consecutive serial numbers. One '54 devils face $50 but it is marked. I know there are many variables with regard to determining exactly what I have in hand and the value of this collection. Can someone recommend a reputable appraiser around or east/west of Toronto to help me with this? Sorry if this is convoluted!  and thank you! |
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Moderator
 Canada
10463 Posts |
It sounds like common bullion (1960s silver coins have to be MS-63 or better to be worth merely a $1 above spot) and the usual collection of circulated notes. The 1968 dollars are nickel (not silver), and are only worth face value to sell to a dealer. If the coins are in containers, I would doubt that there are any MS-64+ gems in there. If you are patient, and have the time, compile everything by year and denomination into a spreadsheet (on your spreadsheet, be sure to note the prefix and signatures of the banknotes) and then take that sheet to the Toronto Coin Expo at the end of this month. You can quickly get three or more offers from reputable dealers and then make your decision to sell either at the show or meet a local dealer afterwards. http://www.torontocoinexpo.ca/Or, if you are really patient. Do nothing until the price of silver creeps up above $38 an ounce. Now is not really a good time to sell silver... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
Edited by SPP-Ottawa
05/09/2012 3:03 pm
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Pillar of the Community
Canada
2366 Posts |
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New Member
 Canada
4 Posts |
thank you .... not in any rush to sell this. Just wanted an idea of what the collection entails if there are any small bead -- large beads or other things of note. There are coins from the late 1800's as well through to the 40's and 50's. Your assistance is appreciated. I will also take more time to peruse this site and the forum when I can.
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Pillar of the Community
Canada
2366 Posts |
Ooooh! 1800's! Now you're getting me excited!  p.s. Silver coins from 1920-1966 are 80% silver. Therefore about $1 of coins = 0.6 oz of silver. Silver's up and down around $30/oz right now. In 1967, about half were made 80% silver and half 50% silver to dimes and quarters are generally accepted as being 65%. In 1968 the 50% silver coins are non-magnetic and the nickel coins are magnetic. Coins prior to 1920 are sterling (92.5%) |
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Bedrock of the Community
Canada
10743 Posts |
 To the Forums, Iola, Some of your notes if you can supply pics may be worth more than your coins.  |
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Moderator
Canada
10463 Posts |
Quote:
There are coins from the late 1800's as well through to the 40's and 50's Now that is a whole different animal, than the coins from the 1960s that you first mentioned. Anything Victorian or Edwardian, with a readable date, will be worth more than silver content. If you want to maximize your return, then you are going to have to invest some time and effort. My advice would be to buy a copy of the most recent (66th edition) of Canadian Coins, Vol One - Numismatic Issues 2012 published by Charlton Press. http://www.charltonpress.com/Numism...780889683471You will also need a decent loupe or hand lens, 8x or 10x is necessary for some of the varieties and learning how to grade circulation wear. Here is a decent online grading guide: http://www.coinoisseur.com/GradingCoins.htmlOr, this book will help you as well: http://www.ebay.com/itm/CANADA-STAN...370346524431Post any pictures that you need help with the varieties or grades on this site. Most importantly, have fun... be careful, or you might become a coin collector yourself!! "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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New Member
Canada
4 Posts |
Thanks to everyone for the very helpful replies. I appreciate all the links etc and will definately look into getting the grading guide and the lens... and hopefully, be able to post a few pictures too!
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New Member
Canada
4 Posts |
one more thing - this is most likely a a silly question...
The coins (i.e. silver dollars 1960 -1966))that looked unused, are not loose in random plastic containers, but in coin tubes,(muliples of one year in each tube). Would this increase the chances of there being any better quality coins (MS-63+ gems)?
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Replies: 8 / Views: 2,530 |
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Posted 05/09/2012 2:49 pm
There isn't much value in 1960-1968 circulated silver other than the silver itself. Check this site if you have some older coins in the mix. It also has a section on paper money.
