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 Replies: 13 / Views: 2,185 |
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Bedrock of the Community
United States
11951 Posts |
I picked up some more Canadian today. I started thinking I better ask for some opinions, before I get further into this area of collecting. I can pick up foreign silver (foreign to USA) at around melt. Recently I have been picking up Canadian coins, with the hopes of putting rolls away for the future. Are there some coins to avoid? So far I am think not to buy 1967 and 1968 coins, so I would not be mixing .800 and .500 fine silver. If I am just buying for rolls how much does it matter if the coins are late 50's early 60's AU/BU .. or older worn coins. In Canada do silver coins trade like in the U.S. in bulk for silver value?  Do coins like this 1953 dollar trade in the bulk silver bins .. if you have those in Canada.   |
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Pillar of the Community
Canada
814 Posts |
That 1953 is considered "junk silver" here. Could pick it up for melt value
There are some key dated silver dollars to watch out for
1948 (rare), 1947, 1946
1956 (worth 27 CAD in VF-20)
As for the coins being BU or UNC.....doesn't really matter. I can buy silver dollars still in plastic mint sets for melt value
Also its just the 25 cents and 10 cents from 1967 that may contain only 50% silver. The Dollar and 50 cents are 80% pure
avoid 1968 because half the mintage is 50% silver and the other half was nickel.
hope this helps
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Bedrock of the Community
 United States
11951 Posts |
Thanks Solidifier.
That is the type of information I was looking for.
I am doing rolls of .10, .25, .50 and $1.00.
I feel a little better knowing more, before I buy.
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Pillar of the Community
1844 Posts |
I disagree about the 53 being junk .That coin would easily get 20 bucks on ebay any day of the week. And yes there is a big difference in value on AU or BU dollar coins.. So if you have lots from the 50's keep them and not for melt. I for one would like to know where Sol. gets his mint sets for melt... |
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Pillar of the Community
Canada
4911 Posts |
Feel free to call me Will.
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Pillar of the Community
Canada
814 Posts |
Yes that's ebay though....... Then theres the 13% you have to pay for fees......and the time to package it and send it.....not worth it IMO..... I go down to my local coin shop.....and he will sell me 1965 1966 mint sets for melt and I buy them all up all the time. As for the condition....all of the 60's and most of the 50's don't get more of a premium for being BU or AU. Take a look in the trends section of the Canadian Coins News. Will show everything you need to know. If you paying more than melt for 60's and most 50's silver dollars in AU condition than your paying too much. And of course this is just my opinion |
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Pillar of the Community
Canada
3049 Posts |
If the coins you're are getting are in in AU/BU condition and you're getting them for melt.. you're doing GREAT!
I would agree with artdio that the coin you posted will get above melt value if you sold it on the bay ..
With respect to '67 and .500 or .800 silver... as mentioned earlier it's only the '67 dime and quarter that have a difference... the dollar and .50 cent piece are all .800...
What I do is someone has any '67 quarters or dimes they wish to sell I always just buy 'em at the .500 price.. and keep them seperate... I'm sure in 5 -10 years there will be something at my LCS where we can tell the .500 from the .800... (no they don't have an XRF) but the technology is available to discover the content of the coin so I buy them up now.. at .500 price. .. and when I'm able to differentiate between the two .. the difference in content will be pure profits.
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Pillar of the Community
Canada
1505 Posts |
Solidifier
a 1956 silver dollar in VF 20 is junk silver..
did you perhaps mean a 1946? or 1936?
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Pillar of the Community
 Canada
5394 Posts |
Our buy price for no damage 1956 dollars lightly circed is $16.00 CDN right now and we are having trouble finding them ( silver @16.70 US ) so way over melt for them! Also trying to find 54 and 55 coins at 14-15 is a challenge.
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Pillar of the Community
Canada
2366 Posts |
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Bedrock of the Community
United States
11951 Posts |
I do find this conversation interesting. Being in the U.S. it is easy to figure out how U.S. coins trade. We do have what we call junk silver bins at most Local Coin Shops (LCS) that have older U.S. silver coins (90% silver) The dealers will buy the junk/bulk silver at a little back of spot and sell a little over spot. In these bins many times there will be coins that will have a book value over the price the bin prices, but some coins are hard to sell so to move them they get sold in the bins. Canada coins are the first that I have tried putting rolls together, other than U.S. coins. The foreign coin silver bins, (foreign to U.S.) sell at spot. making these coins the closest I can buy based on silver price. But ... if I was selling they do buy back of spot, more on Foreign silver than they do U.S. silver coins. Making this post, I was hoping to learn what Canadian collectors think better date coins are, and keep them separate from my roll coins. For example King George VI coins considered common? Of course not meaning all .. I understand key date/low mintage coins are not common. Here we will have Roosevelt dimes mixed in with Mercury dimes. Some people will pull the Mercury dimes thinking they are worth more, because they are older. There are many Mercury's, based on mintage that are just as common as Roosevelt dimes. I guess I am not sure how much older Canadian silver may have been melted, in the past, that would change the mintage figures I see in the Charlton guides. |
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Pillar of the Community
Canada
5394 Posts |
Buy a Charlton buying guide off of your dealer or LCS. It shows the premium dates as compared to the common dates. very similar to your US BLUE Book.
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Valued Member
Canada
448 Posts |
I can pick up dollars for 12.00 and halves for about 6.00. I try to get as many as I can for those prices.. as I have hopes that silver will hit the 40.00 mark again.. lol at 18.00 an oz the melt is just under 11.00 for a silver dollar
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Pillar of the Community
Canada
2366 Posts |
There was another thread on estimated survival rates for Canadian silver but nobody seemed to have any information about them. There was a mention that PCGS has produced a set for US currency but there doesn't seem to be a Canadian equivalent. Scanning the price lists for the ones that stick out it is probably your best bet.
Edited by kuh_85
10/01/2014 12:12 pm
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Replies: 13 / Views: 2,185 |
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Posted 09/30/2014 6:09 pm
