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 Replies: 33 / Views: 5,505 |
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Pillar of the Community
Canada
2805 Posts |
We live in the same city :O
Well, if you want to organize your collection and you have a lot of circulation silver coins - try getting some of those clear slabs where there's a hole for every denomination of a year and see how many complete sets you can make. But this is just what I'd do if I had a big pile of silver I planned to keep, I'm not an expert.
EDIT: Oh, and the guy at National Pride doesn't have very good prices, if that's where you went: I've seen him make up a 5% "GST" charge for silver Leafs (bullion is GST-FREE in Canada!) and add five dollars to the spot price of silver when selling. Just a warning...
Edited by nalaberong
03/15/2013 6:51 pm
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Pillar of the Community
Canada
1723 Posts |
Are you looking into the value of the set to sell or to organize and keep? These folks have given you good advice. At minimum, your pre 1967 coins are worth 17 times face value....its your call how much of a bargain you wish to give the next person. As for the bills...1954....instantly makes me think devils face. Google that term and see what it is. If your bills are a devils face, then they are worth a lot more. As many say here, grades play a big factor  to CCF |
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Pillar of the Community
Canada
1354 Posts |
I personally wouldn't sell it to a dealer. Get the extra profit and sell it on ebay if your plan is to off the coins. I see people pay over spot a lot. Post pictures if you can. |
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Valued Member
Canada
470 Posts |
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Pillar of the Community
Canada
3234 Posts |
Take your time and donot rush and sell your coins quickly. First timers biggest mistake...jumping to 'as what seems like' a "reasonable" offer.
Don't worry about the bullion market price, ..even if they say it's time to sell now..
A coin shop will seem very happy and helpful to you, but you might be giving up some interesting varieties or valuable dates in that collection that a coin shop will flip immediately and make a huge profit on.
If you know how to take close-ups with a digital camera (learn how), slowly post the coins here in the Canadian forums listed here and knowledgeable experts here will help you as to specific coin values.
Start by noting down the dates and denominations for us here.
Going out and getting a "Charelton Standard" coin catalogue will be a first important step here. Get a newer catalogue 2012 or 2013 book at ~ 400 pages. It will offer grading tips and values as the grade gets better and list many varieties that are very important for you. This $20 investment will make you many times over this small cost for the book.
Never sell in bulk until all coins have been inspected first by you.
There is no rush........
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New Member
 Canada
7 Posts |
Quote: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. I think I'll try taking the dollars and half dollars and sell them on kijiji or ebay as they're the ones in the best shape. The quarters and dimes are decently rough. I'm trying to find a magnet so I can sort those easier (Canadian Tire didn't have any yesterday) and we're in a bit of a snowy mayhemy day so I don't think I'm going to head out today to look. Quote:
We live in the same city :O
Well, if you want to organize your collection and you have a lot of circulation silver coins - try getting some of those clear slabs where there's a hole for every denomination of a year and see how many complete sets you can make. But this is just what I'd do if I had a big pile of silver I planned to keep, I'm not an expert.
EDIT: Oh, and the guy at National Pride doesn't have very good prices, if that's where you went: I've seen him make up a 5% "GST" charge for silver Leafs (bullion is GST-FREE in Canada!) and add five dollars to the spot price of silver when selling. Just a warning... I talked to Northgate (most helpful, willing to actually talk on the phone and answer questions), National Pride (who I expected to be a terrible call based on the internet reviews of this guy but he was decently helpful), and West Edmonton Mall's coin shop (wouldn't even give me time of day). Quote:
Are you looking into the value of the set to sell or to organize and keep?
These folks have given you good advice. At minimum, your pre 1967 coins are worth 17 times face value....its your call how much of a bargain you wish to give the next person.
As for the bills...1954....instantly makes me think devils face. Google that term and see what it is. If your bills are a devils face, then they are worth a lot more.
As many say here, grades play a big factor I would like to sell them, yes. I know about the Devil's face so I'll check for those on the bills. Quote:
Take your time and donot rush and sell your coins quickly. First timers biggest mistake...jumping to 'as what seems like' a "reasonable" offer.
Don't worry about the bullion market price, ..even if they say it's time to sell now..
A coin shop will seem very happy and helpful to you, but you might be giving up some interesting varieties or valuable dates in that collection that a coin shop will flip immediately and make a huge profit on.
If you know how to take close-ups with a digital camera (learn how), slowly post the coins here in the Canadian forums listed here and knowledgeable experts here will help you as to specific coin values.
Start by noting down the dates and denominations for us here.
Going out and getting a "Charelton Standard" coin catalogue will be a first important step here. Get a newer catalogue 2012 or 2013 book at ~ 400 pages. It will offer grading tips and values as the grade gets better and list many varieties that are very important for you. This $20 investment will make you many times over this small cost for the book.
Never sell in bulk until all coins have been inspected first by you.
There is no rush........ Good points, I'm lining up the coins to take some pictures right now, I will post them soon. |
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New Member
Canada
7 Posts |
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Valued Member
Canada
430 Posts |
Hi thunderstruck1967,,
Most of the silver coins (pre 1967) that is posted, is pretty circulated, and worth silver value. The coins worth maybe more than silver value is your rely old silver coins in teen, twentys, and thirties. Anything after 1968 which is non silver is pretty much worth face value.
There could be some varieties, minor errors in the coins...though.
The notes are pretty much worth face value. Pretty circulated, and common notes.
Edited by Coinsplus
03/16/2013 8:45 pm
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New Member
Canada
20 Posts |
I'd like to address the extra profit made by selling on ebay. I used to sell on ebay, but the fees are 11% for any amount under $50 and then there is the Paypal fees of 2.9% of the final price (shipping included) plus $0.30 basic fee. So if you sold a silver dollar for $20.00, provided shipping at roughly cost and then had the fees taken out, you would end up with a little less than $17.00. When I was selling, I offered regular mail or insured mail. most people took regular and then when the envelop got lost (it did sometimes) I got the full selling price removed from my account. So I ended minus the silver dollar and minus the money. Hardly a better deal than selling to a local collector. Just my Two Cents. |
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Pillar of the Community
Canada
2805 Posts |
Yeah, West Ed knows they're in a big location with lots of naive new customers 24/7, so they're horrible to do business with and have bad prices. The National Pride guy is usually friendly, but you have to know what you're doing! Most of his collectibles are reasonable (with markup), it's silver where he makes the most profit (G-4 or worse 1905 Barber quarter for $12!!). Don't sell anything there if it has more bullion value than collectible - and check around a lot first. I'd still suggest making a few complete sets, though: I've seen some EF-45 (not too hard to find) 1967 sets sell for $50 at a show! If they are all roughly the same grade, people will pay more, and handling will be less of a hassle too. If fees and shipping are too high, though, we could come meet up and I'd at least be happy to buy a couple silver 50-cents. |
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Pillar of the Community
Canada
815 Posts |
Well, my advice would be to keep the collection intact. Your grandfather put a lot of work into this, and as such, a lot of himself into this. While you might value the $XXX.XX it might be worth to sell off wholesale to a coin dealer more than the collection right now, you might change your mind in the future. If you wanted to sell off some of the "bullion grade" common pieces, I could understand, but I would give this some thought before you act.
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Valued Member
United States
157 Posts |
 . He hit the nail on the head....I am not sure what your families wishes are and it is none of my business, however, if it was me at my time, I would hope that they would hold onto it for a while as it is part of me (even though my wife doesn't understand it)...the future will reap you a better reward....Silver is down big time, so it would be to your advantage to just keep it in tact and pretend it doesn't exist! If you are not interested in coin collecting, by still holding onto to it, will still be better for you at least for a while until the silver picks up again. All is good advice, however, the decision on what to do is yours. And nitromicro AND to yourself: |
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Pillar of the Community
Canada
1723 Posts |
Thunder......send me an email. Your email is turned off. Would like to ask you something.
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Pillar of the Community
Canada
1751 Posts |
I go to Edmonton every few months. I'm interested in silver dollars, and would prefer to deal off ebay when possible. I live in Hinton and go to the city to see my pain specialist. I haven't got 50 posts yet, so I don't know how we can communicate. Rox |
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Valued Member
Canada
329 Posts |
im in edmonton too, and I dont really know what to say. id love to have some of that silver in my possession, but dont really have the extra cash to buy. I have $1400 tied up in 1 cent roll searching at the moment. idk, maybe if it was a lot deal id be interested.
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Replies: 33 / Views: 5,505 |
First Page
Posted 03/15/2013 11:28 pm
