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 Replies: 16 / Views: 3,673 |
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Bedrock of the Community
Canada
10743 Posts |
Just going through some price lists and have been finding that the Victoria five and ten cent coins, even in 'good' condition are quite expensive and was just wanted to ask why this is the case?..  |
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Pillar of the Community
Canada
1192 Posts |
Lower mintages and lower survival rates. Not many people could afford to sock away pretty silver coins back then. They also circulated very heavily due to a lack of & mistrust of paper money
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Pillar of the Community
 Canada
5586 Posts |
And many were melted when silver was so high.
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Pillar of the Community
Canada
3234 Posts |
okie..Do you really think that Vicky silvers were melted a few years back..."the horror ... the horror" ..?
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Pillar of the Community
Canada
1192 Posts |
Probably a few were. But many, many more were melted as they became worn out during the time they still circulated. Their silver used to mint the coinage of later years. Similar to how the Bank of Canada pulls in old issues of Journey and older series notes, then replaces them with polymer notes.
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Pillar of the Community
Canada
972 Posts |
Victorian coins are always popular regardless of the grade. Demand in low grades is always greater because there affordable when compared to high grade examples.  okiecoiner.....Your right the victorian coins were really melted. In the mints early years they were re-cycled to make new coins. In the early 1980's when silver went to $50/oz. everything and anything was melted including low grade victorian. |
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Pillar of the Community
 Canada
5394 Posts |
Agreed that Victoria silver is always popular, with the ten cents being much tougher to find nice than the five cent silvers. The volatility of circulation was such that the TENS were much needed in commerce. The five cents were often salted away or lost and found much later on. Depending on ones definition of expensive , you can acquire a nice EF common date five cents for around $40 CAD and a nice EF common date ten cents for about $100 CAD. At the low end in VG a ten cents is about $15 CAD and a five cents about $10 CAD, again common date coins for a type set. There are loads of collectible five centers around in nice grade and not nearly so many ten cents. Happy hunting !!
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Pillar of the Community
Australia
539 Posts |
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Pillar of the Community
Canada
1505 Posts |
CoinsandCanada has a 1899 large 9 - 10 cent - AU 55 - listed as sold for $309, so probably somewhere a bit less, but this is based on 1 sale.
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Pillar of the Community
Canada
3234 Posts |
Book price shows $375 CDN for AU50 (large 9)..if that helps a bit.....nice 10 cent piece..  |
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Valued Member
Canada
147 Posts |
Over the years, you come to see just how punishing time can be, especially to the five cent silvers! If they've got any discernible detail left on them, they're worth collecting. Most are worn smooth or worse, so bent out of shape, they'd never fit in a 2x2. Prodigious use of a rubber mallet and soft wood can sometimes fix that...
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Pillar of the Community
Canada
5394 Posts |
I never knew that we had "hammered coins " in Canada !  |
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Pillar of the Community
Australia
539 Posts |
thanks guys. I do love some of the Canadian designs on your coins. I have a small collection of them (harder to source in Australia).
Edited by serial
12/18/2014 11:26 pm
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Pillar of the Community
Canada
5586 Posts |
Devlec: Yes, I think a great many Victoria silvers got melted, both in the early 80's and again a few years ago. Most of what was sold as scrap were G's and below or worn flat, but they were still part of the original mintages. I personally sold quite a bit of silver (below the 50 cent pieces) a few years back for 92% of scrap, and they were all very worn. I certainly think that there was more than 8% of the silver gone due to the wear and that's why I think that most buyers dropped the face values down to 80-85% to compensate for the weight loss. Since it makes no difference what denomination you are talking about, they are worth XX% of a face dollar. From 1920 on, every dollar, regardless the denomination, have .6 troy oz per face dollar. The Vickies, Ed's and Geo's are similar but a different oz equivalent to the dollar.
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Pillar of the Community
United States
629 Posts |
Melting of silver coins is not restricted to the past couple of decades, this has been happening for over a century.
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Pillar of the Community
Canada
3234 Posts |
Quote:
Devlec: Yes, I think a great many Victoria silvers got melted, both in the early 80's and again a few years ago. You know ...I won't be able to sleep tonight because of this... |
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Replies: 16 / Views: 3,673 |
Posted 12/18/2014 4:33 pm
