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1947 Ml & 1948 Silver Canadian Dollar Help

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New Member

United States
17 Posts
 Posted 09/05/2013  12:38 pm Show Profile   Bookmark this topic Add nothing to your friends list Get a Link to this Message Number of Subscribers
Hello all, first time here -- and I come hoping to freely take advantage of your knowledge on these coins which is far greater than mine. The short story behind these two is that as a hobby I bid on unclaimed safety deposit boxes with the intent to flip the silver contents and sometimes keeping the neat stuff for myself (don't tell the wife that last part).

I recently won a bid involving a boatload of Mercury dimes, some US silver notes, a Canadian dime.....and these two little guys.

I think I may be in a little over my head here, are these for real? I take really bad pics, but I can put up some better ones later tonight if it would help.

1947-Ml-&-1948-Silver-Canadian-Dollar-Help

1947-Ml-&-1948-Silver-Canadian-Dollar-Help
Valued Member
Valiamo's Avatar
Canada
122 Posts
 Posted 09/05/2013  3:47 pm  Show Profile   Bookmark this reply Add Valiamo to your friends list Get a Link to this Reply
As they are both key dates, it is sometimes tough to tell if they are real or not.

First off the colour looks off on both of them. Both the 4 and the 8 on the 48 look off, I would hazzard a guess that you have fakes

You should also weigh and measure both of the coins, and subject them to the a magnet. The coins should weigh 23.33 grams are .80 silver and .20 copper. they will measure 36.00 mm and 2.84 mm thick

take a look at this 1948 posting which gives some of the tell tale signs of the fake coins.

https://goccf.com/t/54047

if I were a gambling man, I would say fake.

Bedrock of the Community
SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 09/05/2013  3:48 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply

Quote:
I take really bad pics.


Yup... pics have to better than that..

Nice pickup if they are real, the '48 is one of the most counterfeited coin in the Canada series..

Oh!!.. and Welcome to the Forum.!!
New Member
United States
17 Posts
 Posted 09/05/2013  4:03 pm  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
They pass the magnet test, and with the caliper on them everything seems bueno. I haven't put them on my scale yet (I'm a reloader, didn't even think to weigh the coins). And when the wife gets back I'll get you guys some better pics.
New Member
United States
17 Posts
 Posted 09/05/2013  4:18 pm  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
Put this on my reloader scale and we're right around 360grains. I think the coins are for real as weird as that is.

I'll get you guys some good pics in a while.
New Member
United States
17 Posts
 Posted 09/05/2013  4:48 pm  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
rezeroed the scale, 351 grains give or take.

Christian
Valued Member
Valiamo's Avatar
Canada
122 Posts
 Posted 09/05/2013  5:14 pm  Show Profile   Bookmark this reply Add Valiamo to your friends list Get a Link to this Reply
The weight seems to be right. Now to get them to a LCS that specializes in Canadian coins to get them to verify them
New Member
United States
17 Posts
 Posted 09/05/2013  5:48 pm  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
Valiamo help me out here. I'll get some good pics to you guys soon but assuming these are legit I need advice. The amateur coin collector inside of me wants to keep these things all to myself, but unfortunately I'm not rich enough to do that so I gotta sell them. I think with coins like this I have to get them verified and rated -- and while I've ready everything that google has offer I would really like to hear the opinions of collectors about how I should proceed.
New Member
United States
17 Posts
 Posted 09/05/2013  7:32 pm  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
If I can help with any particular focus shots let me know and I'll do my best to deliver them.

1947-Ml-&-1948-Silver-Canadian-Dollar-Help

1947-Ml-&-1948-Silver-Canadian-Dollar-Help
Valued Member
Valiamo's Avatar
Canada
122 Posts
 Posted 09/05/2013  9:41 pm  Show Profile   Bookmark this reply Add Valiamo to your friends list Get a Link to this Reply
Still concerned about the 48. The numbers 4 and 8 just do not look correct, worse so in the second set of photos. If they are real, they are worth a lot of money, the 48 well over $1000, in that condition. You should send them to a legit grading service NCGS or PGS and get them assessed. Raw, they are suspected forgeries, and you will have no hope of getting good dollar. graded, they are worth a lot more, and you can at least sell them n the open market much easier.
New Member
United States
17 Posts
 Posted 09/05/2013  9:49 pm  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
If these are fakes they're pretty awesome ones -- but sure that's been known to happen and I'm not exactly the luckiest guy in the world :). With the various amateur tests combined with the knowledge that that they were both purchased from an unclaimed safety deposit box I can't help but lean toward these being real. What is your advice on grading services? Is it PGS or bust?
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Pokermandude's Avatar
Canada
1192 Posts
 Posted 09/05/2013  11:36 pm  Show Profile   Bookmark this reply Add Pokermandude to your friends list Get a Link to this Reply
The date on the 1948 dollar looks funky in the second pic. Impossible to determine authenticity based on those photos. I'd suggest taking them to an expert to take a look at before spending money to get them certified.
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DEVLEC's Avatar
Canada
3234 Posts
 Posted 09/06/2013  11:03 am  Show Profile   Bookmark this reply Add DEVLEC to your friends list Get a Link to this Reply
They look pretty good to me.........What a nice gamble and find...

Never heard of this bidding on safety deposit boxes..

So do tell....How much was your winning bid?
New Member
United States
17 Posts
 Posted 09/06/2013  11:42 am  Show Profile   Bookmark this reply Add nothing to your friends list Get a Link to this Reply
So at least down here in North Carolina the treasury department takes unclaimed safety deposit boxes and turns them over to the state run surplus/seizure place where they are sold through sealed bids. They take some lousy pictures of the items and then put everything in sealed plastic bags. You are allowed to examine the items prior to bidding, BUT you cannot open the bags (this makes determining what things are somewhat challenging). For example there's a bunch of Morgans up for bid now, but the way they've been placed in the bag it's impossible to see any of the dates :)

Anyway, I won the following lot with a bid of $1360.00
1 1963 $5 bill
3 1935 silver certificates
21 1957 silver certificates
3 foreign coins (these are the two silver dollars in this post as well as a Canadian silver dime)
2 Barber dimes
383 Mercury dimes

Bedrock of the Community
SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 09/06/2013  12:06 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply

Quote:
383 mercury dimes


There is half your money back now at $2.00 each..great buy.

If the 2 Canada coins are real, your laughing all the way to the bank..
Pillar of the Community
Canada
686 Posts
 Posted 09/06/2013  12:19 pm  Show Profile   Bookmark this reply Add jg86 to your friends list Get a Link to this Reply
I'm not an expert on these coins, but after running some comparisons with real coins, I have no reason to doubt their authenticity.

Also, I can't imagine why someone would have them in a safety deposit box, unless they believed them to be real.
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