Need Help With Minted Bags Of 63' Canadian Dollars

thanks for your reply,

Are they worth anymore sealed in the bags, It seems that opening them up would be the best bet to see what is there..

In my opinion only, I see them being worth more in an MS condition as mentioned, however, in an unsealed bag, that too could fetch a hefty premium if there is a buyer willing to take the risk. A sealed back means much mystery (possible too much). Right now Silver is wayyyy down so keeping them as suggested tucked away will be a great idea/much higher value for the future. HOLD ONTO TO THEM.

Thanks for the reply's evryone.

here is a pic of one of the bags. I have no need to sell them at this point but am curious to see if there are any ms-65's in it now. I was think about opening one bag and keeping one sealed just to see as kswiss suggested. Keep the ideas coming.

I like the bag with the original seal and tag. Part of Canadiana there! Congrats.

I also agree. I do not think you will find a MS65 coin in there, because of the tossing and turning, along with bag marks from the silver dollar's edges.

this is from a second coin

I have gone through several mint bags of silver dollars. Most I have seen were pretty baggy, from being moved from place to place. That said, you have posted a nice one. If you want to maximize your inheritance, my advice is to open them. I have seen coin dealers take mint bags like that of dollars and 25-cent coins, and send them away for silver melt, without even going through them.

Get some 2x2 mylar/cardboard coin flip holders and set aside the top five nicest coins from each bag, staple them in a coin flip and using small pliers, flatten the staples (if you want, I can send you some coin flips). Make sure you keep the empty bags with the tags. Then, bring those top ten coins from both bags to the Coin Expo coin show (Toronto at the end of May), along with the bags and tags, and see what each coin dealer will offer you for them. Of course, some dealers will try to buy everything at 85% of silver melt, but you should get a couple of decent offers - if they don't, I am at that show - and I would definitely make you a good offer.

http://www.torontocoinexpo.ca

As for the rest, you can try selling them on ebay, in lots of five - be sure to post the fact that they were from an original mint bag, (include a photo of the bag, or a link that points to this thread)... If they are pretty banged up, then my advice is to wait until silver crosses at least $35 per ounce, before selling them.

Nice find - I love that feeling of opening and searching mint bags!

Resist the temptation to sell everything at a coin store... by taking the nicest stuff to a coin show, you can get offers from several competing dealers at the same time...

A real nice MS-64 coin, with eye appeal, should fetch you $40 - $50, from a coin dealer, maybe $70+ from a collector. Most buyers would not touch a MS-65 grade coin, unless they could see the coin in hand, or buy one that is certified at that grade by a third party grader. An MS-65 coin, with eye appeal, should fetch north of $800...

IF you ever find yourself heading to Ottawa anytime soon, I could certainly take an hour and grade your nicest pieces - then you know what you are dealing with, with respect to possibly getting some coins certified, or when you negotiate selling your coins at the coin show. Don't let anyone tell you that those coins are "only worth melt"...