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 Replies: 33 / Views: 5,503 |
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New Member
Canada
7 Posts |
Hello, I recently inherited a number of coins that my grandfather had stashed away for a number of years. I've done a basic inventory of most of the individual coins that he had and was wondering if it was worth spending time/money to get them graded/try to find a buyer if they're not worth more than face value. There are Canadian Silver Dollars from 1957 to 1969 (missing 1967), 50 Cent Coins from 1919, 1920, 1941-1974 (missing a couple of years in that range), and approximately 1000 of each of quarters, dimes and nickels (from various years 1920-1970). A couple of dollar bills (1954, 1967 and one 1867-1967 commemorative), two dollar bills (1954) along with a few American dollar bills (1963,1969) and American five dollar bills (1969). There are a few larger sized pennies, some quarters from before the caribou was put on the front, some nickels with the V on the front and some tombac nickels He also had some foreign coins, the most notable that I can tell is a 1940 German 50 Reichspfennig. So basically I'd like to know, is there any value in what I have beyond taking it to a bank and turning it in for face value? I did some ebay searching and people seem to be selling the dollars and half dollars for 10-20+ each. I tried looking at the catalogues online but without grading it's hard to tell what I'm looking at. The dollars seem to be in good shape (most were kept in cardboard/plastic display type cases or envelopes. Is it worth the time to try and sell these things? Is it worth going through a thousand quarters to look for something unique? Thanks for any advice you can give me. |
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Valued Member
Canada
287 Posts |
It's hard to give an accurate value without knowing the dates and the condition. With that said, most of the coins you described are silver (the dollars, 50c, 25c, 10c prior to 1967). If they're in circulated condition, the dollars are worth approx $20 each, the 50c approx $10 each, the 25c approx $4 each and the 10c approx $2 each)
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Valued Member
United States
79 Posts |
The dollars from 1957 to 1966 are silver and typically fetch about $20 each, possibly more if they're in good condition.
The 50 cent coins up to 1967 are silver and typically fetch $5 a piece in circulated condition (Obviously more if they are AU or BU). The older ones and some key dates that I am too lazy to research at the moment (1948, 1967, etc...) may be worth more.
All quarters and dimes up to 1967 and some 1968 are silver and are worth at least melt value, a couple of dollars each. Once again, Uncirculated samples may be worth much more, and be aware of key dates.
The dollar bills all have some value over one dollar, depending on condition. I am not that into paper money, but I know those are hard to come by these days.
The nickels range widely in value. If they are the small 5 cent coins they are silver and worth a few dollars to much more depending on date and condition. The larger nickels range from 5 cents to many dollars depending on year and condition, there are some key dates with a fair amount in any condition.
The pennies have a vary wide range of values based on year and condition. Typically the large ones are worth a few dollars or more and the oldest small ones can also be pretty desirable.
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Valued Member
United States
79 Posts |
Oh! And  to Coin Community!  |
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Pillar of the Community
Canada
695 Posts |
Quote:
The 50 cent coins up to 1967 are silver and typically fetch $5 a piece in circulated condition The 50 cent coins up to 1967 have a BV (or Bullion Value) of approximately $10 each. Like Raligard said, if any are key dates or uncirculated, hten they will bring more than BV. and..... |
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Pillar of the Community
Canada
1505 Posts |
Welcome thunderstruck67. It sounds like you have quite the collection on your hands. A good resource to start is http://coinsandcanada.com/ . while the prices are higher than what you can sell them for, it is a good place to find out what you have and see which coins are more valuable. Please don't take them to the bank, as you will only get face value and the coins might end up sent back to the mint and destroyed. I would strongly urge you to figure out what you have before doing anything. From your description you probably have several thousand dollars in silver at melt value. if you can post some pics and people here are likely to help. |
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Pillar of the Community
Canada
1505 Posts |
if you live near vancouver I would be happy to meet with you, I am getting into this, as I inherited my grandma's coins and am always looking to learn. If you plan is to sell, I might be interested I'm filling some holes in my set. feel free to send me an email (click on profile name for link) |
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New Member
 Canada
7 Posts |
Thanks to everyone for your replies so far, I'm feeling a lot better already.
I have been looking at coinsandcanada.com and it has been helpful since it lists the minimum value based on metal content but these are mostly all loose/circulated coins so I don't know what the grades are. I'm assuming the empty grades are equal to the minimum value based on the silver. Hopefully the dollars are in better condition.
I will take some pictures over the next day or two and post them.
Who would buy these? Just random coin collectors or would coin shops be interested? I live in Edmonton, AB. I am slightly annoyed as I just got these last weekend and the coin show passed through the weekend before. It is in Calgary this weekend but I've got too much other stuff going on. The next one is not until November.
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Valued Member
United States
79 Posts |
At the least take some pictures of the dollars, 50 cents, and the best condition coins from the other denominations for s to see and  over. I love seeing Canadian silver, they are so beautiful. That way we can better determine what you have and help you find credible resources to help determine value. |
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Pillar of the Community
United States
3486 Posts |
OK. First, take a deep breath. Then understand what I have to say.
Worst case - face value to be taken to a bank.
Next step up - silver coins worth AT LEAST bullion value. That is, multiple of face value.
Lastly, the unlikely but possible occurrence of a valuable coin or two in the group.
Now, I turn you back to your friends and neighbors up north to guide you further.
Patience is to be embraced as you proceed in your journey.
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Valued Member
Canada
287 Posts |
Quote:
Who would buy these? Just random coin collectors or would coin shops be interested? Of course a coin shop would be interested, but be prepared to be offered less then melt value for pretty much everything. Your best bet in my opinion is ebay. Make a detailed list, and either list the whole lot on ebay, list them in smaller lots (by denomination?) or list them individually. And take good pictures! |
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New Member
Canada
7 Posts |
I just talked to a helpful shop here in the city, and he said they buy at about $13.50 per dollar.
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New Member
Canada
44 Posts |
I just went to 2 coin shops today. I have many of the same silver dollars you have, and I was offered $14 for each of them. The price of silver right now has dropped, so you might want to hold on to those until later on. |
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Valued Member
Canada
287 Posts |
Quote:
I just talked to a helpful shop here in the city, and he said they buy at about $13.50 per dollar.
You'd get close to $20 on ebay for those same dollars, minus their fees of course (approx 10%) |
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New Member
Canada
7 Posts |
He did say that it would be per any dollar, so 4 quarters or 10 dimes or any combination.
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Valued Member
197 Posts |
Every face dollar of 1967 and before silver coinage is .6 ounces of pure silver. With the current price of silver at $28.77 US per troy ounce, FULL scrap value would be $17.26 per dollar. Most reputable dealers will give you 85-90% of full scrap or $14.70 to $15.50 per dollar (any combination of coins). If the coins aren't worn much, I wouldn't take less than $15X face. Put them on ebay and get more. Cherry pick the good ones and sell the rest as scrap. |
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Replies: 33 / Views: 5,503 |
Posted 03/15/2013 2:14 pm
