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 Replies: 16 / Views: 3,997 |
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New Member
Canada
4 Posts |
Good evening!
I'm new to collecting...im focusing my attention on Canadian 50 cent coins...so far I've BOUGHT 30 coins from a fellow on kijiji for .60/each ($18). They ranged from 1969 to 2011. Also, I went out and purchased 6 earlier coins (1947, 1950, 1951, 1952, 1959 and 1964), I paid $7/each for those.
I just wanted to get a sense of prices...have I been paying in an appropritae range.
Also, where are good places to look for .50 cent coins...beyond coin shops are there any little thought of places I should look to?
Thanks for your help in advance. I appreciate the guidance.
Ryan
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Pillar of the Community
Canada
581 Posts |
Hey there Ryan!
You are doing just fine on your purchases, very close to melt. Very good start! Keep it up :)
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Pillar of the Community
Canada
3049 Posts |
The .50 cent pieces after '68... you can usually pick them up at the bank.... I go to a few banks every week or so and ask for stuff... I always walk away with nickel .50 pieces and nickel dollars. So there's one outlet you can use. for anything before '67.... if you're anywhere near a cash for gold store or a coin store that buys and sells gold and silver (which almost all do) ... develop a relationship with the people that work there and see if you can look at the coins that have been handed into them on any given week and see if you can buy the off of them for melt plus 3-5%... That's a win-win.. they don't have to ship their material and they get a quick flip for profit... usually 5% from the buy end and 5% from the sell end is very very appealing! With that approach you can probably manage to fill most of your holes all the way back to '37. At that point you can start going for earlier dates or trying to fill in the keys and varieties.... I have had a lot of fun with the varieties. Ohh and  to the forum... there's a few people here that really know their stuff when it comes to 50 cent pieces.. Good luck on your quest and look forward to hearing about your progress |
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New Member
 Canada
4 Posts |
Thats great news! When you start a new hobby like this its really a guessing game in terms of value and costs until you learn more and can make an educated offer. Still learning the terminology though...melt=face value for post-68, and silver value pre-68? And thank you for the great advice for where to look. I didnt realize people still turned them in at banks. Ill make a point of popping over to my branch and asking what they may have. I also have a friend that works at one of banks, at their head office...i'll plant the bug in his ear too. Thanks again for the advice. I'm looking forward to finding some more great deals.  |
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Pillar of the Community
Canada
3049 Posts |
melt is the silver value....
nobody will say they got something for melt with respect to post '68 coinage... they'll say they got that for FACE
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Pillar of the Community
Canada
849 Posts |
I started collecting 50 cent piece coins about four years ago, from 1937 on. I did not care if the nickel ones were mint or not so I got a good bunch of the 1968 onwards from local banks. Once you are into the years 2000+, it is tough to find those at banks as they did not circulate freely. I had to buy some of those.
It is rare to find a silver 50 cent piece in circulation. Most coins turned into a bank will be nickel composition.
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New Member
Canada
4 Posts |
Thanks for all the advice...and clarity around "melt". I went to a local branch of my bank yesterday, they didnt have any .50...someone beat me to it. That was the only one in the area open sunday. Ill try again tonight. My friend is also going to reach out at work and see if he can get me any and my wife has a friend that works at different bank so shes going to reach out too. Hopefully in the next week or so I'lll be sorting freshly gathered coins . Ryan |
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Pillar of the Community
710 Posts |
Keep trying, sometimes you get lucky after someone makes a deposit of coins. |
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Moderator
 Canada
10458 Posts |
I see you are in southern Ontario. Go to any number of coin shops, and ask to sift through their nickel 50c bulk basket or pails... since the nickel 50c coins did not properly circulate, you will find nice mint state ones for almost every year. Invest the time to go through all the coins you can, and select the nicest (i.e., cleanest or mark-free) ones you can. You can always find decent ones this way, in grades MS-64 or higher...
Try Metro Coin & Banknote, and tell them I sent you!!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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New Member
Canada
4 Posts |
Thats for the great tip! I will definitely check them out. I was in Toronto today but with work I didnt have time check in on the board...bummer lol
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Pillar of the Community
Canada
586 Posts |
*** Edited by Staff - Please review the rules that you agreed to when you registered. ***
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Valued Member
Canada
98 Posts |
Hi Ryan, if you can buy close to silver then it's a no lose. Price will only go up and you may find some VF,EF,etc.
I bought 500 late 70-early 80's at 0.55. Give them with other change to spread the interest :)
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New Member
Canada
34 Posts |
Like others have said it is a no brainer when you buy a coin near spot price....Good one
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Bedrock of the Community
Canada
24885 Posts |
To the Forum.  |
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Pillar of the Community
Canada
5240 Posts |
Once you get to know a LCS, you might be able to get the 50 cent pieces at face value-they often find them hard to sell. However, 30 pieces for 10 cents more is $3 more-hardly a big deal.
Likewise, once you get to know a LCS you can hope to get them for near melt, which is now $6.30 each. So target that number.
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Pillar of the Community
Canada
586 Posts |
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Replies: 16 / Views: 3,997 |
Posted 09/23/2017 11:44 pm
