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Rule Of Thumb For Keeping Coins In Inheritance?

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Canada
21 Posts
 Posted 11/05/2019  11:51 am Show Profile   Bookmark this topic Add Mrklzy to your friends list Get a Link to this Message Number of Subscribers
I have a bunch of pre-1968 Canadian dimes, quarters, 50 cents and dollars. How would you all suggest I go about handling this? Is there a good rule of thumb to follow?

For instance, if you can't clearly see the ear on the reverse assume its melt value? (Depending on how old it is?)
If you can see the ear there's the potential for numismatic value?
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Canada
9864 Posts
 Posted 11/05/2019  12:51 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
There is no rule of thumb.
For common date coins.
If you are patient and willing to spend the time and effort of selling them on ebay then most will be worth more than melt.
If you plan on selling to a dealer very few will fetch more than melt.
"Dipping" is not considered cleaning...
-from PCGS website
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oriole's Avatar
Canada
5240 Posts
 Posted 11/05/2019  3:30 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
My LCS sells, with a few exceptions, all silver 1953-1967 in low MS or less and 50 cents and lower for 1937-52 in VF or less, for melt. A few cents lower in bulk.

None of the people who buy for more than melt on ebay come to his store. He has tubs of them now.



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Wade's Avatar
Canada
2781 Posts
 Posted 11/05/2019  9:55 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
best I can add is to check out coinsandcanada.com and separate the "key dates" from the commons.
then post pictures here of anything you think is in the top 10% (condition wise).

chances are most, if not all, are worth melt value - the big question is are they worth more than that to you? or to your siblings, children, cousins, etc (to keep) as they came from a family member?

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