Canadian Coin Rolls

Hey, that would depend on what you would like to accomplish.... make cash or start a collection. I personally started building my collection by purchasing rolls and breaking them open. I would keep the 5 best for me and sell the rest as date sets (1980-1989, 1990-1999, 2000-Date, etc). I didn't bother getting any graded as I'm not any good at it at the moment (and I'm guessing you in the same boat.. its not worth sending in coins unless you know there MS65+ for modern coinage). The sets I sell pay for the cost of the rolls and then some but it is a fair bit of work. If you are just looking to get cash for them I personally would just sell the rolls as is or if you don't mind the work sell them individually or in sets. I'm guessing since your dad got them from the RCM they probably are 50c piece's correct?

Hope that helps.

--James

personally I have yet to find an error in 50c rolls :(.

Well the cost of the certification if anywhere from $7 - $13 a coin depending on the lot of coins you are doing (I believe $7 is for 100 coins or more). Also its not guaranteed you will get a MS65+ from a roll (its more likely you will not get one except for more recent dates which you would be looking for MS66+). So you have to be pretty sure of the grade before sending the in to ICCS or you would be wasting your money as the cost of the certification is probably what you would get from a MS64 (MS65 for recent dates) and even then it would be a hard sell because most ppl want a MS65+ (i know I do). At face value you did well for sure but I think you would be better off selling them raw unless you know a good grader willing to go through them for you to figure out what to send to ICCS.

For certified coins I usually try and get them for 50-60% book, and more for uncommon pieces that come up for sale less. It's all about supply can demand, those book prices are just a overall guide. Selling raw I usually can get about double what I paid for the coin, which pays for the roll, supplies, more coins and allows me to keep 5 sets for myself :).

Just because there is a price "Listed" at a high price doesn't mean that they have hundreds of people clamouring to get their hands on an MS 65 2012 Toonie. More likely they will sit on it for 2~3 years before they might actually realise any profit above face value + grading costs.

TPG grading really should only be done for high value coins, or errors. unless you personally like to preserve the coins in the holders at the high grades, I don't think your grand children would realise any profit on 2000 or newer coins.

What I do with mint rolls in my inventory is apply a value of an MS-63 to all the coins regardless of what they are. So a mint roll of 1999 pennies would be valued at 25.00. Now the roll is not worth 25.00 but if I took out all the coins in the future and sold them individually uncertified on ebay I can make at least 25.00 if all 50 coins sell. Since this is how I sell all my coins...it works for me. If you want to sell the rolls intact then expect a much lower price.

There's a pretty good chance that the average grade of all the mint coins in the roll is +/- MS-63.